No action.

chart from google finance

Stock Markets over the world uncontrollably skided and jumped. A head to head fight between Strength and Weakness? The fight has begun, nothing we need to do. Just wait for the dust to settle, before joining the game.

- European stock markets strongly recovered 5% to 9% yesterday, after falling for about 1 week.
- DJIA up ~400 pts yesterday, erased the big fall. ( the quarter earnings are solid)
- Europe crisis with ~$1 trillion injection. Wow..  well, nothing can be solved overnight.

BOUGHT 10,000 SCOMIMR @ 0.390 ahead of quarter report

DOW JONES dropped ~1,000 pts triggered panic selling.
http://www.smartcompany.com.au/finance/20100507-global-markets-rattled-as-a-typing-mistake-sends-the-dow-jones-index-down-9.html

Where we are at ?

We seem to perform a lot better than regional markets. Take a look at the chart above, BURSA is traded at 33.7% PER premium amongst its peers, highest since 2002.

Expensive? Better to take a step backward.

SOLD 10,000 MYEG @ 0.505

Sold the last 10,000 MYEG today at 0.505 (BOUGHT 0.440, 29/March/2010). The DOW JONES has been volatile. Better play safe.