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Daily updates on the Karachi Stock Market, with news, company dividends and KSE-100 index movements.The rollercoaster of a day trader's dream /nightmare riding the KSE-100 index. More than 860 posts and counting ...

800 point bashing

May 16, 2006

More VaselineThe Vaseline jars are back in action as the market has been bashed by 800 points, nearly 7%, since yesterday.Many punters with sore rectums will be headed to their local GP for stress medication, while the shorters have a fullhoist ! Due to the lack of any positive news in the near future and perhaps the UIN panic it has been fucked out of shape recently. While a pullback could occur 2moro, it could well head towards breaking the 10,000 index as it followed this similar pattern nearly 2 months ago. Even Mr. Long didn’t follow his own advice !Stay away and trade another day……

LOWER CAP : OGDC /PTC/ PPL / NBP / POL / NML / PIOC /SSGC / CTTL / DGKC  

 

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