MARKET MOST LIKELY TO CONTINUE THE RUN IN DEC 2006

Referring to tecnical indicators, you may find the overbought level for CI, but our system shows CI may not come with huge correction at the moment, especially throughout Dec 2006. Therefore, it is still a buying period for those unmoved stocks, especially on those penny.

 

Some may consider to short CI at the moment, but our system shows the possibility of CI correction is minor or fast, it means if it is corrected, it may rebound very fast or even it may just stay higher and higher rather than big correction ahead.

 

Apology that we have chosen a wrong counter, ie. KEURO (3565) earlier. As everybody know, the story behind the momentum of KEURO was the deal with IJM. From source, the deal is not proceeded successfully at this stage.

 

AMMB stakes sold to ANZ at RM4.30. AMMB, SIME-GHOPE-GUTHRIE, RHB, UTUSAN-NSTP, all of these good news are expected to boost our market further ahead especially in Dec 2006. Therefore, for positioning trader, it may be the right timing to position the unmoved penny stocks.