Tuesday, 14 September 2010

Charging Bull

Don't know how to describe the KLCI bull. Unbelievable. What can I say? Enjoy the ride (if you are in the right counters).

NCB and SCABLE have moved. Practically everything moved. Just a question of magnitude and momentum.

Yeah, just going to enjoy the ride. Not going to enter any new trades for the time being. Not with the bull charging. Sigh, mixed fortune. How nice if I have picked all the right counters and watch the syndicates rotate amongst those counters. Everyday at least one counter +5% or more while the rest consolidates.

But I am going to try my luck with 5106. This is going to be a really really long shot.

Details of corporate proposal:
68,819,800 new units in Axis Real Estate Investment Trust ("Axis-REIT") ("Final Tranche Placement Units"), representing about 22.4% of the existing units in Axis-REIT ("Units") in circulation of 307,081,200 Units at an issue price of RM1.97 per Unit, being the final tranche of the placement units of 120,000,000 Units

Listing Date: 15/09/2010

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