Market Skim Through: July 22

MER is still negative contrary to expectations that it will be green today, given its supposed 'bargain' price at present. It was a a mistake for me to reenter MER at 319 then 300, ignoring the premonition that someone was bringing down the price, perhaps with the intention of lowering SMC's asking price further. Or make it appear that the discount SMC is offering is actually slimmer. (300 vs 270 = 10% looks less desperate for the seller than 330 vs 270 = 20% )

In any case, I added more and intend to pour cash if it nears 270. MER still is a minimum-4%-dividend-paying company.

SMC continued to go down, perhaps deservedly so. TOP 6 of the horror roll today. I think price will threaten to go below-80 again.

#	Stock Code	Last	Change	%Change	Value
1	PMPC	5.2100	-1.1900	-18.59%	1,563
2	JOH	6.5000	-0.5000	-7.14%	109,250
3	YEHEY	1.2000	-0.0900	-6.98%	24,000
4	H2O	6.5100	-0.4600	-6.60%	21,094
5	BCB	8.7000	-0.6000	-6.45%	51,645
6	SMC	83.0000	-4.5000	-5.14%	38,179,447
7	FFI	15.0000	-0.7000	-4.46%	81,450
8	ACE	1.1500	-0.0500	-4.17%	57,500
9	LTG	22.5500	-0.9500	-4.04%	94,544,940
10	MRC	0.1000	-0.0040	-3.85%	135,520
11	ION	0.5400	-0.0200	-3.57%	17,060
12	SUN	0.5900	-0.0200	-3.28%	59,000
13	SLF	1,219.0000	-41.0000	-3.25%	1,839,380
14	PAX	1.9100	-0.0600	-3.05%	190,390
15	SPM	1.6500	-0.0500	-2.94%	14,850
16	AAA	3.0100	-0.0900	-2.90%	24,270
17	VMC	1.7900	-0.0500	-2.72%	210,000
18	CAL	3.5900	-0.1000	-2.71%	527,020
19	MB	0.7300	-0.0200	-2.67%	135,730
20	COSCO	10.5200	-0.2800	-2.59%	22,314,280