Monday, September 28, 2009

FKLI : morning gossip...1215-1220."yellow-pink"

DJ -40, no major move, still the same story, fear of " Sept bears".

8.30 : DJ ftus -19. Regional reacting to stronger local curency. NK -2% Kos-1%.

Given the external factors, its difficult to imagine follow through buying. Downside risk first, a trading sell if below 20 targeting 1210. Seen opening near 1215.

Possible buy scenario 1) 1210 intra-day bargain 2) fkli breakout buy above 1220 or 1222. 3) fbm trades above 1220.

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