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Short Positions
S/N	Stock	Date Start	Short Sell	Stop	Last	Buy	Date End	Cycle Phase	Risk Level	Status
1	Cougar	31-Dec-2007	0.615	0.485	0.460	0.460	10-Jan-2008	Accelerated Downtrend	High	Close
2	Hong Leong Asia	31-Dec-2007	3.700	3.780	3.790	3.780	3-Jan-2008	Initial Downtrend	High	Close
3	Macquarie Meag Prime	31-Dec-2007	1.110	1.080	1.090	1.080	9-Jan-2008	Accelerated Downtrend	High	Close
4	Parkway Holdings	31-Dec-2007	3.940	3.880	3.870	3.870	11-Jan-2008	Initial Downtrend	High	Close
5	Swissco	31-Dec-2007	1.270	1.240	1.230	-	-	Accelerated Downtrend	High	Active
6	Wing Tai	31-Dec-2007	2.700	2.350	2.300	-	-	Accelerated Downtrend	High	Active
7	Biosensors	7-Jan-2008	0.915	0.935	0.960	0.935	9-Jan-2008	Initial Downtrend	High	Close
8	China Farm	7-Jan-2008	0.595	0.550	0.530	-	-	Initial Downtrend	High	Active

Note: Parkway is to be closed tomorrow.

Comments on Straits Times Index ( STI )

STI is in the Accelerated Downtrend Phase.
(The historical data for the new FTSE ST Indices are currently not available for trend analysis).

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