Wednesday, March 29, 2006

Dropping day

Today is a dropping day. DOW dropped by 95 points last nite, Asian markets followed and drop significantly. But Japan nikkei bounce back and gonna test 17,000 very soon.

2628 drops by 2% to $9.85. 中壽股東配股套現近10億港元 @ $9.75-$9.85. It is a small amount with 0-1% discount only. Hopefully it would not be affected. On the other hand if the price can keep above 配股價, it would be a good supporting line in the future.

Gold drops back during Asian market section back to $560. Gold stock 2899 drops to day low $4.925 and rebound to close at $5.1.
Annual report announced with +68.5% increase, and $0.08 interest. Personally Im not very satisfied with the interest. But the stock price has 200% increase this year already. Who cares about the interest when compared to the stock profit that it brings !

Gold price testing year high of $574 again. If success, test $600 line, otherwise, triple top confirmed and another decline would be coming, or running in a narrow range of $540 - $560 again.

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