5th March 2005

I left my handphone in the office and so, against my wishes, I have to return there to retrieve it. Yesterday, the US stockmarket rose on a broad front, bolstering my confidence that we may yet see a raging bull market in 2005. So far, the Kuala Lumpur market has not played along and so my enthusiasm has been somewhat tempered, with my convictions rather badly buffeted by the horrible technicals as the KL Composite Index dropped from a high of 940 to 885 now.

However, there is some hope as the Second Board Index of small and medium-sized companies has formed a doji and bullish engulfing pattern as of Friday the 4th, and has simultaneously created a double bottom at 105 points. I continue to remind myself that this is 84% below the all-time high and 30% below my very conservative target of 150. It is also 58% beneath a bullish scenario of 250 points.

For readers who are into the KL market, I am very drawn to the price appreciation prospects of the following:

-CBS Tech
-Time Engineering
-Golden Plus
-Konsortium
-Hwa Tai(2nd Board & my all time top money earner with over RM11,000 already in the bag)
-Caely(double-bottom at around 90c?How can I forget selling this @RM1.32 last year, so near the top?totally satisfying!)
-Takaso(2nd Board)
-AKN & CSA(both technology stocks suffered huge sell-offs that have wiped off half of their value in the past year, and this looks to have culminated on Friday with a possible selling climax in AKN)
-Karensoft
-VS Ind
- Ye Chiu(2nd Board)


Nonetheless, as in life, good timing in the stockmarket is everything, I mean EVERYTHING!

Dom