pls elaborate.

I am holding Gamuda at @3.73. The stop work by Penang state gov come at bad time. Monday sure drop again.

updated:Transport Minister, KTMB, and Housing and Local Government Minister are protesting.

http://thestar.com.my/news/story.asp?file=...5996&sec=nation

This post has been edited by staind: Nov 14 2010, 08:16 AM

Price the main barrier in insurance stake sale talks

P&O trading SELL by Alex Yu

P&O has announced on November 12 that it has discontinued its preliminary negotiation to disposal of its equity stake in Pacific & Orient Insurance Bhd (here). Unless there is a fresh suitor or buyer waiting to step in, the premium imputed into this stock will slowly & surely dissipate. From the chart, we can see that the stock has broken below the gap, which is normally a strong support. This support-turned-resistance would be a good level to dispose off your position in this stock. However, I doubt the stock will rebound back to test this level for a while. Meanwhile, we can expect support from the horizontal lines at RM0.85, RM0.75 & possibly RM0.65.

Based on the above, P&O is rated a trading SELL.

Time to abandon the ship?

i cut lost earlier today. bad bad Alex.

P&O. 20% lost.

3Qtr GDP slips to 5.3% due to slowing exports. How will the market react tomorrow?