Monday, January 10, 2011

Market is still hot but you need to pick the right one

NEW YORK — Stocks indexes were mostly lower on Monday, with telecommunication companies leading the way down.

AT&T Inc. fell the most out of the 30 stocks that make up the Dow Jones industrial average. Its competitor, Verizon Wireless, is expected to announce Tuesday that it will start selling Apple Inc.'s iPhone, breaking AT&T's long hold on iPhone customers.

AT&T's stock dropped 1.8 percent to $28.34. Apple gained 1.8 percent to $342.45.
Stocks spent most of the day lower ahead of the latest round of corporate earnings reports. After the market closed, Alcoa Inc. reported that rising sales of aluminum products helped it turn a profit of 24 cents a share in its fourth quarter. The results topped analysts' estimates of 18 cents a share.

The Dow ended the day down 37.31 points, or 0.3 percent, to close at 11,637.45
The Standard & Poor's 500 lost 1.75, or 0.1 percent, to 1,269.75. The Nasdaq composite gained 4.63, or 0.2 percent, to 2,707.80.

Hong Kong is up by 53.14 (23580.4) and shanghai down 5.10 (2787.27)

KLCI is also down 2.76 (1560.76) at 10.42 am

I am getting excited because what I have spotted the other day most have gone up, for example Mahsing(8583) is now 2.12.

I am watching Takaso(7071). I think some players are playing and they are waiting for the right moment to strike. They are accumulating. Now is 0.36



A&M(5959) is played by some small players. Give it a few days, I think it will move.
Now is 0.545.




Ynhprop(3158) is also in the accumulating stage. It is into the high end property market. Now is 1.73.



I saw SEG(9792) but dare not try and it moved so fast yesterday. Now is 2.72.

I notice Petone(7027), which was called changhuat corporation Bhd. It appeared on my explorer list. Now is 1.54.



Salcon(8567) is quite active. The market are playing water stocks. This is one of them. It is priced at 0.735.


Penergy(5133) is getting active. Yesterday was only 1.61. Now is 1.63, rebounding.

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