Mark to Market

KLCI has been rising non-stop and this has draw many people attentions to the market. Again, hand phone start ringing because people are calling to ask for tips. Occasionally, they give tips also. The upward strength of KLCI is indeed encouraging. However, the non-stop thrust-line of more than 65 degree is indeed an unhealthy sign. KLCI definitely need a rest, and a strong and firm consolidation between 1100 to 1200 must be formed to pull the crowd money into the market. So far, it is only some big blue chip that are rising that influence the movement of KLCI. A strong defence at 1100 level is needed to create an economic prosperity illusion among the public. Should the KLCI unable to sustain it strength, all of a sudden, negative feedback bubble could happen.

MTOUCHE -- auto cut loss triggered at 8%.
LITESPD -- a gain of 10-15%, but the expected high spike for profit taking never happen, this is indeed disappointing. However, we will need to wait with patience, as the LOLR is up for this stock.
FTEC -- This is the monkey that jump suddenly up and down. As on Friday, a gain of 5% is obtained. From previous experience, this gain is not a profit taking signal as a true highly spike for distribution for this stock is targeted at 0.56 or above.
SCICOM -- neutral (no winning, not losing). Hold.
SMRTECH -- neutral (no winning, not losing). Hold.