15th March 2005

Crude oil futures are hovering around US$55 per barrel, the equity market outlook is teetering on the brink of a big move north or south and it's a banner day for me on the Singapore stock market:I have made my first profits on call warrants, selling 5,000 STATSChippac 0919 warrants for 18.5c and 13,000 0627 warrants at 18.3c (after buying both at between 12 and 12.5c), reaping a profit after commissions of about S$823, the biggest single-day haul this year after Datacraft.

The underlying shares are trading at S$1.15 at the time of writing (10:30am ) and this means I'm sitting on a paper profit of S$1050 should I decide to unload my remaining shares at this price.

Also, the 5,000 Challenger shares I bought in January at 10.5c are trading 57% higher, at 16.5c.


On the KL market, Yeo Aik has started to stir, rising 17%, while Time Engineering is trading about 10% higher than where I bought it.

I'm really happy for the first time in a week. I think I'll go bowling today and take a break from brooding over the state of the world. Let's see if I can beat my 5-game total of 703 from yesterday(my record is an 801 set on October 15th 2003).


Bye for now, my faithful reader!

P.S - Possessing money per se never feels as good as actually betting right and making it, no matter how much.

- To Ray: 'Sorry' is a word easily uttered but not easily meant.