Tuesday, August 31, 2010

HAIO drops

Haio appears as one of the heaviest loser, losing 4.99% by noon today. It has been on the down for the past 2 trading days. What is wrong with the counter? From data it still looks fine, although there are rumours from my broker that the company is playing with account.

By its current price, my entire profit earn has been wiped off, and in fact i'm either near my original entry value or slightly losing.

The bad thing is that at the moment too busy to run a detailed analysis on its data. And since i am at square one, and is about to go for vacation, might as well just sell off to safe guard capital first.

Sunday, August 29, 2010

Investors to be punishable for taking part in illegal investment scheme

Authority is mulling over the idea to haul investor taking part in illegal investment scheme in future. Current law only punish those perpetrators of such scheme but is found not enough to stop the activity as demand creates supply. There are many investors who are being duped such scheme but there are many others who are actually joining such scheme willingly and trying to get more people to join in a desparate bid to make more money

Friday, August 13, 2010

genting - sell it

Genting won the tender to setup slot machine casino at New York, pushing its stock price to RM8.2 today. Should sell it :)