Tuesday, August 02, 2005

Cepco ready to move?

With slightly over RM600 earned from selling 1,500 Cepco Bhd. stock on Bursa Malaysia, I'm watching this counter closely as I still have 2,000 shares left, which, at today's closing of RM3.38, is yielding approximately RM1,600. But I have decided to learn from my mistakes,and aim for a loftier target of 4-5 ringgit.

With the capital of RM4,500 released, I can now nibble on beaten-down blue-chips like NSTP, NamFatt and UEM Builders.

Another piece of good news on the market: my holdings of RHB-WB surged 80% today on heavy volume, cutting down my paper losses on that stock by RM2,400.

Having just finished a robust workout at Cali today, I 'm surfing at MacDonalds Chinatown for a bit before heading to Han's for a well-deserved couple of toasted sandwiches and some of their delightful coffee.

I feel vindicated that some of my bets are paying off...and just in time too!

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