This month (August 2007), KLSE market took a tumble on concerns of US Subprime mortgage tussle. However the KLCI meltdown recover from a 17% drop to a 9% drop as at yesterday closed. Would this bumpy ride continues....? I would say it certainly depend very much on US Dow Jones, it seem like DJ creating a tank for Asian Markets. When DJ is up, Asian Market would follow and vice versa. The dust has not settled as yet.
This month i bought in JAKS for a quick hit and run at 0.90 sen, luckily was able to dispose at 0.93 sen for a small gain. It was never my policy to buy this type of stock but just can't resist the temptation to join others for a quick punt. Other than this i also received a 25% dividend on PBBANK and have adjusted the purchase price accordingly. My portfolio's profit shrunk from 66% to 60%, a 6% reduction compare to last month. Will certainly take a closer look at the market since September is a budget month, traditionally some tide would be expected especially some of the tobacco & beverage counters. Till then happy trading.