Ride the RCECAP again, BOUGHT 10,000 RCECAP @ 0.660, TRIMMED MYEG

Over the last few weeks, we have seen the strength of the DOW JONES. The Greece debt crisis is trying hard to defect the DOW JONES. As of today, DOW JONES is still standing strong, well defended by excellent quarter reports.

Now, in the month of May, it's the turn for the BURSA for quarter reports. Can BURSA keep up the momentum? With the recent mega projects(i.e. penang bridge II , LRT extension) on the headlines, will these excite the retailers to participate and goreng up the stocks? Unclepicks decided to add a little more. Bought RCECAP.

Not exposing too much stocks, Unclepicks also trimmed MYEG by 15,000 units @ 0.450 (BOUGHT 8/March/2010 @ 0.430). Left 10,000 units

Do some reading

While the local market is damn boring, let's read some news

http://money.cnn.com/2010/04/27/markets/markets_newyork/index.htm

http://www.financialstandard.com.au/news/view/28632/

Impressive quarter reports

Citigroup, IBM, GS, Coca-Cola, Apple and Yahoo all delivered impressive results.  Bull days are over? not quite..

Let's continue to monitor the market. Unclepicks is not buying nor selling at the moment. Portfolio carries ~60% stocks.

Interesting week ahead

Besides GS, the releasing of quarter reports will determine the fate of the markets. Let's watch. :=)