FHTK registers a record volume of 860,912 lots

It rose 100% today to $0.02, trouncing the previous record held by Centillion of over 600 million shares.
This could be the breakout all specuvestors in this company have hoped for, heralding potential gains as it marches to its target of $0.05.

Technically, FHTK was last traded at 2 cents almost a year ago, in May '06. The historic high was shortly after listing in '97, at S$1.02, meaning that the stock price has tumbled 98% since that high a decade ago. In the meantime, rights issues and placements at higher prices have diluted the stock, and given it a massive free float of over 5 billion shares out of a total issued capital of over 6 billion.

The price averaged over 5c in 2004, and slightly over 2c in 2005, compared with an average over its lifetime of 20c.



























A shareholder has been buying as seen here:






















On Malaysia, I sold Unico-Desa plantations stock for a 6.7% gain in two months. JAKS continued to rise another 31% after I had sold it, but I never regret taking profits, however small.

The day before, I sold Farm's Best(a star riser in 2005) for a 15% gain in less than two months, while Equation was sold to lock in an 11% rise in two weeks.


The KL Composite Index continues to stay magically above the almost impossible-to-conceive 1,300 mark, the first time it has visited these stratospheric heights since January 1994(and it was only above that level for a day or two).I have taken the breaching of this level, and the brief visit to 1314, the historic closing high on Jan 5 1994 as a sell signal of sorts,and, as a result, I have freed up cash equivalent to 20% of my current portfolio value to catch the laggard Second Boarders and MESDAQers.

Ironically, some blue-chip KLCI components stay stubbornly below their historic and recent highs. They include YTL,currently down about 10% from its record, and TM, down 6% and 43% from its recent and historic high respectively.

I am hoping for great things to come from D'nonce Technology, as it is exhibiting a trio of favourable factors: substantial shareholder buying, a stock price below NTA, and an improving trend of results.























Technically, D'nonce looks set for a break of the recent high of RM1. Once that is done convincingly, it should scale towards RM1.20 and then RM1.50.I don't make a stock almost 10% of my portfolio for nothing.


On the SGX, See Hup Seng moved a little, while Hengxin and Yaan disappointed.
Jurong Tech is my next target(I only made $240 from its first rebound after timidly buying 3 lots at $80 and selling at $91).