Monday, June 18, 2007

Ferocious Dragon.

I made a bid @1359.5 on the index futures before the opening bell.Last Friday close was 1357.5.
Good gracious ,it open furiously at 1370.0 what a 12.5 point GAP-UP.From then on it strike an early low of 1368.5 and then don't look back.By lunch break it was at 1375.0 while the cash market was 1369.94(+9.29)
At the close of market it was 1384.0 while Bursa close at 1372.28(+11.63)See it is 12 point premium.
Anyway this gap-up might be filled when the dragon flies in no man's land & might take a breather.
Tomorrow we might see a mild correction.
On the stock front,do you like NYLEX.Well,look out for it.Closing today 1.52(+0.12)
As for RCECap(9269),Goldman Sach Int'l bought 50.8m shares on the 27.04.07.On the 7.06.07,HSBC hldg Ltd,8 Canada Square.London E14HQ UK sold 150,000 share with a balance in hand 38,385,000 shares.It close today @1.03 (+0.065)