MAMEE: Someone key in wrong order to BUY?

MAMEE gained RM1.00 or 28.7% to RM4.48 with 10000 shares traded at this price. This is quite unusual. Based on yesterday close price of RM3.48, I guess that someone have key in BUY order wrongly.

Lesson learnt:

1. Check your order 3 times before keying in (for those that trade directly using Internet).
2. When you see large price increase with huge spread between BUY and SELL, then most probably it is a wrong order.
3. Capitalizing on human mistake, sometimes you can consistently key in SELL order at price way above yesterday close, especially on low liquidity stock. If someone key in wrongly to BUY your offer, you gained the $ from their mistake.

Outlook for 2011

It's the end of 2010 and most investors are discussing about 2011 outlook. Here's some of the report or news that I find interesting to share with you all:

i) Barrons bullish outlook on US market
   "Collectively, the 10 strategists and investment managers surveyed by Barron's see the S&P 500 finishing
    next year near 1373, roughly 10% higher than Friday's close at 1244"
    Full report here: Barrons 2011 Report
ii) 2011 Market Outlook: Rebound to Expansion
    "We believe the theme of transition from rebound to expansion is appropriate for the 2011 outlook 
     because we expect a transition year for both the economy and the financial markets.
     PNC projects that the U.S. economy as measured by real GDP will eclipse the previous peak set in
     2007 by the end of the first quarter of 2011 and move into expansion mode."

My view on Malaysia stock market:
i) Bullish on CPO counters due to expected higher oil price. Counters to watch: Companies which have prepared well for this commodity cycle include CBIP. The company originally build palm oil mills but have planted palm oil several years ago. Expect to see the earnings from plantation to be bigger in the coming quarterly result. Will write on CBIP fully later.
ii) Bullish on Sarawak counters due to expected election in 2011. Counters to watch are construction players in Sarawaj e.g. HSL and NAIM. Catalysts will be the possible new construction contract announcement. Will write on NAIM later.
iii) Neutral on F&B counters due to higher CPO, sugar price and pressure from higher labour cost. Counters that I like within F&B sector: CIHLDG and MAMEE. However, the key catalysts will be their ability to transfer the inflation cost to consumer. Will write on MAMEE later.