Thursday, February 25, 2010

Fkli wrap... late setback for fkli on fbm selling







-crazy fbm. Very strong all day long, on few particular stocks namely AXIATA, plantations, providing few good factor for the mkt..like what CIMB did yesterday. Then fbm plunge 6point in the preclosing stage..wtf!!! on selling in SIME, YTL, RHB cap etc..
-by then, FEB already expired near 1276. But Mar got hit badly, making a move from 70 to daily low of 65. MAr10 traded mostly near 68-70 lvl.
-a setback for bulls towards the end, but can take consoldation that fbm finishes above 1270, still. Unless big -ve external factor, the mkt is likely to pick up some losses on Monday and continues it upward move. However, new bulls should only get it if fbm breaks above 1273++ or take a buy stance if MAR10 is above 1265.


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