20090121 2255 UPDATE:Cable breaks 1.3850...


20090121 2221. Cable builds up momentum so we can lock in some profits and trail the stop.

As an aside, I read with interest that the KLCI will be replaced by the FTSE Bursamalaysia KLCI, which will be a 30 stock index with weightings adjusted for free float. Hooray! No more manipulation of the KLCI. This is because stocks' weighting will be adjusted for free float. Most of the time manipulation occurs in the KLCI through marking of stocks such as MISC, which has 23% free float. IOICORP has free float of 46%, hence there will be less influence on the index value by MISC Bhd. Ha Ha, the manipulators get their just desserts after July 9, 2009.