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Saturday, July 23, 2005

Un-peg = Un-certainty

Yesterday was the first day since 7 years ago when our ex-PM peg Ringgit. The result... 1USD = RM3.78. How long it will last? Issit bank negara really push alot of money in to hold Ringgit?
Nobody knows...

Shares gone up yesterday... KLSE-CI closing with a highest price since 5 years ago with raise above 17 points. When i view the top gainers... all are blue-chips

So how bout the shares i research these few weeks???
Well here's the results

ECMLIBRA - still holds in 0.965 (not bad)
Paracorp - RM 0.13 (just raise RM 0.01 - research says MAYBE will reaches 0.20)
MVEST - RM0.51 (dropped. Research says will reach 0.70)
LITYAN - RM 0.08 (dropped 0.01. Research says will reach 0.20)

Not really encouraging. This sudden change makes me feel uncertain. Not knowing wanna buy the shares or not.
So most likely will hold first. Give me one more week...