Uem Land look like to break resistance to higher level. The chart looks interesting and it is a good time to collect more. I'm no position in this stock....Still no capital.. Keep learning. Hahhha..
Wednesday, December 21, 2011
Stock for today
Uem Land look like to break resistance to higher level. The chart looks interesting and it is a good time to collect more. I'm no position in this stock....Still no capital.. Keep learning. Hahhha..
Tuesday, December 20, 2011
Master the trading
To make in stock market is not easy. It takes a lot of times, money, stress and commitment. It's like running a business. We need to monitor the movement, calculate the losses and gains and keep the record for all the activities so we can keep track where is our performance in trading. No shortcut in trading. No pain no gain......
Saturday, December 17, 2011
Chart Analysis
When I'm looking in the chart , i found out that Dataprep chart look interesting. Forming triangle, normally a bullish formation. I don't have any share in this stock. Can try to buy and take position. Wait and see...
Thursday, December 15, 2011
PLANNING FOR NEW PLANNING
So many month i'm not taking part in investing since not much capital left in my hand. Badly burned during last trading. Haha.... bad experience will give me more experience and courage to be cautious in trading. Rule no 1. no lose money in trading. Rule no2 : don't forget rule no 1. This is easier said than it's done. Must remember: 80% will lose money, 20% make money.
Sunday, November 13, 2011
Good article from The Star about Unit trust
Saturday November 12, 2011
High fees dampener for unit trust
By DALJIT DHESI
daljit@thestar.com.my
Unit trusts are gaining popularity among investors as an important source of investment and retirement savings. But are investors getting a fair deal from the high charges being imposed by the industry and will lower charges really mean better returns for investors?
THERE is nothing that really fazes a seasoned investor. They are used to losing and making money on the stock market. They understand the game.
But if there's one thing that irks veteran investor Jason Yap, who has been a unit trust investor for a decade, is that he already starts losing money before he has a chance to make a profit.
What irritates Yap, who is a retiree, is the high upfront fee he has to endure, and that has a profound impact on the return on his investment.
“The upfront fee of between 5% and 7% is rather high and should be lowered for us to enjoy better returns. The upfront charge one has to pay when buying into a fund will impact the returns received from the fund. It is pointless to invest in something that at the end of the day will bite into' the returns or monies received from the particular investment.
“Many of us have taken out monies from our savings to invest in unit trusts. For unit trust to be effective in boosting retirement savings, the charges should be lowered or even abolished,” he adds.
That argument is as old as the industry itself. Since establishing its roots in 1959, the unit trust industry in Malaysia has grown steadily over the years and has really blossomed since the various periods of market turbulence, especially the Asian financial crisis in 1997/98.
Foo says a dichotomy exists in Malaysia where different rates are being charged to different entities.
One of the major qualms among investors for some time now is its high sales charges.
The main grouse has been the upfront charges, which is money people have to pay when they buy into a fund. Then there is the exit charges, which are money paid when they cash out of a fund, and the annual management fee, which is a charge imposed by the fund to manage people's money.
The current upfront fee ranges from 5% to 6.5% on the invested amount, except for money from Employees Provident Fund (EPF) to invest in funds (under the EPF Members Investment Scheme) which is capped to 3% since Jan 1, 2008.
The exit fee may be 1% or higher but much depends on the structure of the fund. The annual management fee ranges from 1% to 1.5% and the trustee fees is from 0.5% to 1%.
A call to review sales charges
Is there a need for the industry to review its charges to make the unit trust industry more appealing to investors? Some industry observers think so.
Malaysian Financial Planners and Advisors Association (MFPAA) deputy president Robert Foo thinks front-end fees should be reduced or completely removed so that investors can enjoy higher returns.
The other purpose of such a radical but common practice in matured markets is that the whole industry can then move from a sales push culture to that of a professional advisory culture where investors can work with licensed and professional financial advisors if they so wish.
“It should be noted that in developed countries like Britain and Australia, there is a regulatory push for such financial products to be delivered on a fee for service basis rather than on a high push environment with upfront sales commissions. In Britain, the government has legislated that by Jan 1, 2013, all financial products are not allowed to have commissions attached.
“Agents or financial advisors are required to charge investors directly for services provided, therefore ensuring that their interest aligns with that of the investors,” he adds.
Foo, who is also the managing director of licensed financial planning company MyFP Services Sdn Bhd, says a dichotomy exists in Malaysia where different rates are being charged to different entities.
For money withdrawn from the EPF, people pay 3% to buy into a unit trust, but for walk-in customers, they are charged 6%.
“Does it mean that your EPF money is more valuable than your hard cash?” he asks.
“I think the upfront fee is too high and eats into the returns of investors. The average compounded rate of return of equity unit trusts in Malaysia over the last 10 years is only about 7.5% per annum, and losing 6% upfront is too high a cost for investors,” Foo says.
An industry observer says the Securities Commission should consider compelling unit trust companies to waive the upfront charges, similar to funds under Fidelity Investment, which is one of the largest mutual fund companies in the world with over US$1.46 trillion in assets under management.
Foo says it is cheaper to buy funds through the Internet, for example through www.fundsupermart.com.my or eunittrust.com.my, which imposes an upfront charge of 1% to 2%.
Much higher than regional peers
Licensed financial planner Jeremy Tan of Standard Financial Planner Sdn Bhd says the upfront fee is considered high compared with countries like Singapore and Hong Kong.
Tan says that depending on the sophistication of the product, the unfront fee in Singapore ranges from 3% to 5%, but adds that there is an alternative platform for investing in unit trusts, with upfront fees ranging from 0.75% to 2%, depending on the amount invested. In this latest alternative, there is a wrap fee of up to 1% per annum.
He says the alternative is also available in Malaysia, where the upfront fee is lower than what is currently charged by investing directly through the fund house.
He expects the industry to eventually lower the charges in line with other Asian countries such as Singapore and Hong Kong.
Foo says that due to the open nature of the Hong Kong and Singapore markets, where local funds have to compete with global fund houses at the retail and wholesale market sector, the fund companies can reduce the upfront charges to even zero. Also, there is no tied agency structure in these countries unlike Malaysia.
Lower charges, better returns?
Those arguing for lower charges will undoubtedly look at the average return of 7.5% per annum over the past decade by unit trust firms and say a lower fee will bump up returns.
Tan, however, believes lowering the sales charges will not necessary provide better returns to investor. It depends on the performance of the fund manager or the fund house in relation to the funds invested among others.
Pacific Mutual Fund Bhd executive director and CEO Gary Gan concurs. He says the performance of a fund and its relevance to investors is key rather than merely looking at charges.
At the end of the day, the basic rule of investing is making an informed decision. This means investors need to have sufficient information and knowledge of the product they are investing in, he notes.
MAAKL Mutual Bhd CEO Wong Boon Choy says any attempt to restructure the front-end and back-end charges will require very careful study and strong will on the part of the authorities to make tough changes to the rules and regulations on existing distribution channels which is dominated by a tied-agency system.
“Agent commissions have already been compressed when the EPF capped the maximum service charge to 3%. This translates to more than 50% reduction in the normal service charge. The front-end service charge is the primary means of compensating the agents for the service they provide to investors,” he explains.
Wong, who is also the president of the Financial Planning Association of Malaysia (FPAM), estimates the tied agency force to be over 60,000 at the end of last year.
Meanwhile, Areca Capital Sdn Bhd CEO Danny Wong feels the market should determine the fee structure as ultimately good performance and achievingthe investor's objective are more important.
Tan says the upfront fees are considered high compared with Singapore and Hong Kong.
He says there are funds with upfront fees distributed by banks or unit trust companies as well as those with almost no front-end fees being solddirectly by niche fund managers or via online portals. He points out that there is no evidence of superiority of either practice as the choice of investment is left to the investors.
Lowering or abolishing sales charges, says Steve Lim, chief product officer of HwangDBS Investment Management Bhd, will provide investors a quicker path to garnering returns on their investment, but at the same time, might encourage many to make regular withdrawals.
From the perspective of unit trust management companies, the lowering of sales charge to 3% has helped change investors' mindset and allowed them to realise that unit trust is a viable investment and pension planning instrument, Lim adds.
CIMB-Principal Asset Management Bhd CEO Campbell Tupling says the industry fee structure in Malaysia is primarily on the front-end as the back-end fees are not significant.
Alternatives
“Investors know what they are paying for. Fees are transparent and clearly stated. Investors are free to choose how they wish to be serviced. There are other means of investing at a lower cost, for example exchange traded funds (ETFs). However, investors have yet to embrace ETFs in a meaningful way,” he adds.
With high sales charges of unit trust funds, which generally are open ended funds, will it make more sense for investors to switch their investments into close-end funds or other instruments like ETFs?
iCapital.biz Bhd managing director Tan Teng Boo does not think so. Unless the fund manager has an excellent track record, he says it is hard to promote and list a close-end fund like icapital.biz Bhd on Bursa Malaysia.
Tan says any such fund has to go through an initial public offering process and is not so profitable for fund management companies to promote and list close-end funds as there are no entry fees or front-end loadings or commissions, he adds. At the same time, he says investors in Malaysia are not familiar with closed-end funds.
icapital.biz Bhd is the only listed closed-end fund in the country.
From the company's records, icapital.biz Bhd's cumulative returns for the five-year period (between Oct 19, 2005 and Dec 30, 2010) stood at 109%. (Note: the fund was not traded on Dec 31, 2010).
The top half of the Equity Malaysia Funds (equity unit trust funds) returns range from 84% to 196% during the five-year period (Dec 31, 2005 to Dec 31, 2010).
Wong says that in general, unit trust funds are more popular than closed-end funds. With the so-called guaranteed buy-back feature, investors can be assured that the unit trust management company will buy back their units in the event the investors need to make a redemption or liquidation.
“Unlike unit trust funds, the trading price of the closed-end fund is dictated by market force and investor sentiment. In the event the investors of the closed-end funds want to liquidate their holdings, they can only liquidate or sell through the brokers on the stock exchange where the units are subject to the market forces of supply and demand.
“Therefore, the prices can be volatile in the secondary market where investors may sell their units at a discount or premium. In this case, liquidity is one of the major concerns for investors of closed-end funds,” he says.
Foo feels investing in closed-end funds or open-end funds has its pros and cons, but much depends on the skill and capability of the investment manager to deliver the returns by taking advantage of the inherent features of the two structures.
Tan of Standard Financial Planner says more research and analysis on close-end funds is required before investing, compared with unit trust investment where the fund's objectives of distribution policies, inherent risks, minimum investment period are clearly spelt out in its prospectus.
Every investor wants to preserve capital invested and a return corresponding with the risk taken, he explains.
Currently, there are over 580 unit trust funds in the market compared with only five listed ETFs on Bursa, namely CIMB FTSE Asean40, CIMB FTSE China 25, FTSE Bursa Malaysia KLCI ETF, MyETF Dow Jones Islamic Market Malaysia Titans 25 and ABF Malaysia Bond Index Fund.
For example, returns to date (Jan 1 to Oct 31) of FTSE Bursa Malaysia KLCI ETF stands at -0.16%. The FTSE Bursa Malaysia KLCI was down 2.71% during the same period.
Lim says ETFs can be a good choice for investors who have knowledge of the stock market and have the expertise to make investment decisions on their own. For the normal saver, however, unit trusts tend to be more appropriate as the investments are managed by professionals who have the skill sets to make complex investment decisions.
Gan, however, feels investors should consider other factors rather than solely relying on returns data. Factors like volatility of the instrument and fund size are equally important when investing in a particular fund.
Growth momentum and key challenges
With the current uncertainties in the global economy coupled by the eurozone debt crisis, is the unit trust industry able to ride out the global economic slowdown to continue its growth path?
Industry players generally think the industry will continue to grow albeit at a slower phase. CIMB-Principal's Tupling projects a low single-digit growth for the rest of the year and anticipates the industry's asset under management to grow about 5% to RM104bil this year.
In terms of net asset value (NAV), the investments in unit trust funds held by 14 million account holders stood at RM240bil last year compared with RM44bil in 2000, an increase of about 45% per annum.
Wong feels the market should determine the fee structure as good performance and achieving objectives are vital.
He says that new investment in equity funds has slowed but it is not a significant drop, adding that redemptions are also lower than expected.
The growing risk aversion, he says, will result in higher demand for more defensive and conservative asset classes like dividend-yielding equities and fixed income securities.
Lim of HwangDBS expects single-digit growth this year due to poor market sentiment and high risk aversion in view of the uncertainties in the global economy.
He says the main challenges faced by the industry is the need to address the question on how growth momentum can be maintained as well as to promote unit trust fund as a staple in building long-term wealth. He says there is also a need to change the short-term investor mindset.
Gan says while the current gloomy outlook may have impacted equity funds, not all can be lumped in the same boat. Funds like Islamic and money market are thriving and the factors that will ultimately attribute to industry growth is how well funds perform and deliver products that meet investor needs.
Areca Capital's Wong expects the industry to continue growing at a double-digit rate. With investment markets getting more volatile, he says investors may find it harder to grow their investments resulting in migration of more funds into the fund management industry.
Competition from international players is the other main challenge for local players, he notes. To face the challenges, Wong adds innovativeness and excellent service standard is needed.
It is therefore important to allow different types of business models and strategies to combat that threat, especially when facing the establishedgiant international players, so that each player will continue its role and find its niche within the industry, he says.
High fees dampener for unit trust
By DALJIT DHESI
daljit@thestar.com.my
Unit trusts are gaining popularity among investors as an important source of investment and retirement savings. But are investors getting a fair deal from the high charges being imposed by the industry and will lower charges really mean better returns for investors?
THERE is nothing that really fazes a seasoned investor. They are used to losing and making money on the stock market. They understand the game.
But if there's one thing that irks veteran investor Jason Yap, who has been a unit trust investor for a decade, is that he already starts losing money before he has a chance to make a profit.
What irritates Yap, who is a retiree, is the high upfront fee he has to endure, and that has a profound impact on the return on his investment.
“The upfront fee of between 5% and 7% is rather high and should be lowered for us to enjoy better returns. The upfront charge one has to pay when buying into a fund will impact the returns received from the fund. It is pointless to invest in something that at the end of the day will bite into' the returns or monies received from the particular investment.
“Many of us have taken out monies from our savings to invest in unit trusts. For unit trust to be effective in boosting retirement savings, the charges should be lowered or even abolished,” he adds.
That argument is as old as the industry itself. Since establishing its roots in 1959, the unit trust industry in Malaysia has grown steadily over the years and has really blossomed since the various periods of market turbulence, especially the Asian financial crisis in 1997/98.
Foo says a dichotomy exists in Malaysia where different rates are being charged to different entities.
One of the major qualms among investors for some time now is its high sales charges.
The main grouse has been the upfront charges, which is money people have to pay when they buy into a fund. Then there is the exit charges, which are money paid when they cash out of a fund, and the annual management fee, which is a charge imposed by the fund to manage people's money.
The current upfront fee ranges from 5% to 6.5% on the invested amount, except for money from Employees Provident Fund (EPF) to invest in funds (under the EPF Members Investment Scheme) which is capped to 3% since Jan 1, 2008.
The exit fee may be 1% or higher but much depends on the structure of the fund. The annual management fee ranges from 1% to 1.5% and the trustee fees is from 0.5% to 1%.
A call to review sales charges
Is there a need for the industry to review its charges to make the unit trust industry more appealing to investors? Some industry observers think so.
Malaysian Financial Planners and Advisors Association (MFPAA) deputy president Robert Foo thinks front-end fees should be reduced or completely removed so that investors can enjoy higher returns.
The other purpose of such a radical but common practice in matured markets is that the whole industry can then move from a sales push culture to that of a professional advisory culture where investors can work with licensed and professional financial advisors if they so wish.
“It should be noted that in developed countries like Britain and Australia, there is a regulatory push for such financial products to be delivered on a fee for service basis rather than on a high push environment with upfront sales commissions. In Britain, the government has legislated that by Jan 1, 2013, all financial products are not allowed to have commissions attached.
“Agents or financial advisors are required to charge investors directly for services provided, therefore ensuring that their interest aligns with that of the investors,” he adds.
Foo, who is also the managing director of licensed financial planning company MyFP Services Sdn Bhd, says a dichotomy exists in Malaysia where different rates are being charged to different entities.
For money withdrawn from the EPF, people pay 3% to buy into a unit trust, but for walk-in customers, they are charged 6%.
“Does it mean that your EPF money is more valuable than your hard cash?” he asks.
“I think the upfront fee is too high and eats into the returns of investors. The average compounded rate of return of equity unit trusts in Malaysia over the last 10 years is only about 7.5% per annum, and losing 6% upfront is too high a cost for investors,” Foo says.
An industry observer says the Securities Commission should consider compelling unit trust companies to waive the upfront charges, similar to funds under Fidelity Investment, which is one of the largest mutual fund companies in the world with over US$1.46 trillion in assets under management.
Foo says it is cheaper to buy funds through the Internet, for example through www.fundsupermart.com.my or eunittrust.com.my, which imposes an upfront charge of 1% to 2%.
Much higher than regional peers
Licensed financial planner Jeremy Tan of Standard Financial Planner Sdn Bhd says the upfront fee is considered high compared with countries like Singapore and Hong Kong.
Tan says that depending on the sophistication of the product, the unfront fee in Singapore ranges from 3% to 5%, but adds that there is an alternative platform for investing in unit trusts, with upfront fees ranging from 0.75% to 2%, depending on the amount invested. In this latest alternative, there is a wrap fee of up to 1% per annum.
He says the alternative is also available in Malaysia, where the upfront fee is lower than what is currently charged by investing directly through the fund house.
He expects the industry to eventually lower the charges in line with other Asian countries such as Singapore and Hong Kong.
Foo says that due to the open nature of the Hong Kong and Singapore markets, where local funds have to compete with global fund houses at the retail and wholesale market sector, the fund companies can reduce the upfront charges to even zero. Also, there is no tied agency structure in these countries unlike Malaysia.
Lower charges, better returns?
Those arguing for lower charges will undoubtedly look at the average return of 7.5% per annum over the past decade by unit trust firms and say a lower fee will bump up returns.
Tan, however, believes lowering the sales charges will not necessary provide better returns to investor. It depends on the performance of the fund manager or the fund house in relation to the funds invested among others.
Pacific Mutual Fund Bhd executive director and CEO Gary Gan concurs. He says the performance of a fund and its relevance to investors is key rather than merely looking at charges.
At the end of the day, the basic rule of investing is making an informed decision. This means investors need to have sufficient information and knowledge of the product they are investing in, he notes.
MAAKL Mutual Bhd CEO Wong Boon Choy says any attempt to restructure the front-end and back-end charges will require very careful study and strong will on the part of the authorities to make tough changes to the rules and regulations on existing distribution channels which is dominated by a tied-agency system.
“Agent commissions have already been compressed when the EPF capped the maximum service charge to 3%. This translates to more than 50% reduction in the normal service charge. The front-end service charge is the primary means of compensating the agents for the service they provide to investors,” he explains.
Wong, who is also the president of the Financial Planning Association of Malaysia (FPAM), estimates the tied agency force to be over 60,000 at the end of last year.
Meanwhile, Areca Capital Sdn Bhd CEO Danny Wong feels the market should determine the fee structure as ultimately good performance and achievingthe investor's objective are more important.
Tan says the upfront fees are considered high compared with Singapore and Hong Kong.
He says there are funds with upfront fees distributed by banks or unit trust companies as well as those with almost no front-end fees being solddirectly by niche fund managers or via online portals. He points out that there is no evidence of superiority of either practice as the choice of investment is left to the investors.
Lowering or abolishing sales charges, says Steve Lim, chief product officer of HwangDBS Investment Management Bhd, will provide investors a quicker path to garnering returns on their investment, but at the same time, might encourage many to make regular withdrawals.
From the perspective of unit trust management companies, the lowering of sales charge to 3% has helped change investors' mindset and allowed them to realise that unit trust is a viable investment and pension planning instrument, Lim adds.
CIMB-Principal Asset Management Bhd CEO Campbell Tupling says the industry fee structure in Malaysia is primarily on the front-end as the back-end fees are not significant.
Alternatives
“Investors know what they are paying for. Fees are transparent and clearly stated. Investors are free to choose how they wish to be serviced. There are other means of investing at a lower cost, for example exchange traded funds (ETFs). However, investors have yet to embrace ETFs in a meaningful way,” he adds.
With high sales charges of unit trust funds, which generally are open ended funds, will it make more sense for investors to switch their investments into close-end funds or other instruments like ETFs?
iCapital.biz Bhd managing director Tan Teng Boo does not think so. Unless the fund manager has an excellent track record, he says it is hard to promote and list a close-end fund like icapital.biz Bhd on Bursa Malaysia.
Tan says any such fund has to go through an initial public offering process and is not so profitable for fund management companies to promote and list close-end funds as there are no entry fees or front-end loadings or commissions, he adds. At the same time, he says investors in Malaysia are not familiar with closed-end funds.
icapital.biz Bhd is the only listed closed-end fund in the country.
From the company's records, icapital.biz Bhd's cumulative returns for the five-year period (between Oct 19, 2005 and Dec 30, 2010) stood at 109%. (Note: the fund was not traded on Dec 31, 2010).
The top half of the Equity Malaysia Funds (equity unit trust funds) returns range from 84% to 196% during the five-year period (Dec 31, 2005 to Dec 31, 2010).
Wong says that in general, unit trust funds are more popular than closed-end funds. With the so-called guaranteed buy-back feature, investors can be assured that the unit trust management company will buy back their units in the event the investors need to make a redemption or liquidation.
“Unlike unit trust funds, the trading price of the closed-end fund is dictated by market force and investor sentiment. In the event the investors of the closed-end funds want to liquidate their holdings, they can only liquidate or sell through the brokers on the stock exchange where the units are subject to the market forces of supply and demand.
“Therefore, the prices can be volatile in the secondary market where investors may sell their units at a discount or premium. In this case, liquidity is one of the major concerns for investors of closed-end funds,” he says.
Foo feels investing in closed-end funds or open-end funds has its pros and cons, but much depends on the skill and capability of the investment manager to deliver the returns by taking advantage of the inherent features of the two structures.
Tan of Standard Financial Planner says more research and analysis on close-end funds is required before investing, compared with unit trust investment where the fund's objectives of distribution policies, inherent risks, minimum investment period are clearly spelt out in its prospectus.
Every investor wants to preserve capital invested and a return corresponding with the risk taken, he explains.
Currently, there are over 580 unit trust funds in the market compared with only five listed ETFs on Bursa, namely CIMB FTSE Asean40, CIMB FTSE China 25, FTSE Bursa Malaysia KLCI ETF, MyETF Dow Jones Islamic Market Malaysia Titans 25 and ABF Malaysia Bond Index Fund.
For example, returns to date (Jan 1 to Oct 31) of FTSE Bursa Malaysia KLCI ETF stands at -0.16%. The FTSE Bursa Malaysia KLCI was down 2.71% during the same period.
Lim says ETFs can be a good choice for investors who have knowledge of the stock market and have the expertise to make investment decisions on their own. For the normal saver, however, unit trusts tend to be more appropriate as the investments are managed by professionals who have the skill sets to make complex investment decisions.
Gan, however, feels investors should consider other factors rather than solely relying on returns data. Factors like volatility of the instrument and fund size are equally important when investing in a particular fund.
Growth momentum and key challenges
With the current uncertainties in the global economy coupled by the eurozone debt crisis, is the unit trust industry able to ride out the global economic slowdown to continue its growth path?
Industry players generally think the industry will continue to grow albeit at a slower phase. CIMB-Principal's Tupling projects a low single-digit growth for the rest of the year and anticipates the industry's asset under management to grow about 5% to RM104bil this year.
In terms of net asset value (NAV), the investments in unit trust funds held by 14 million account holders stood at RM240bil last year compared with RM44bil in 2000, an increase of about 45% per annum.
Wong feels the market should determine the fee structure as good performance and achieving objectives are vital.
He says that new investment in equity funds has slowed but it is not a significant drop, adding that redemptions are also lower than expected.
The growing risk aversion, he says, will result in higher demand for more defensive and conservative asset classes like dividend-yielding equities and fixed income securities.
Lim of HwangDBS expects single-digit growth this year due to poor market sentiment and high risk aversion in view of the uncertainties in the global economy.
He says the main challenges faced by the industry is the need to address the question on how growth momentum can be maintained as well as to promote unit trust fund as a staple in building long-term wealth. He says there is also a need to change the short-term investor mindset.
Gan says while the current gloomy outlook may have impacted equity funds, not all can be lumped in the same boat. Funds like Islamic and money market are thriving and the factors that will ultimately attribute to industry growth is how well funds perform and deliver products that meet investor needs.
Areca Capital's Wong expects the industry to continue growing at a double-digit rate. With investment markets getting more volatile, he says investors may find it harder to grow their investments resulting in migration of more funds into the fund management industry.
Competition from international players is the other main challenge for local players, he notes. To face the challenges, Wong adds innovativeness and excellent service standard is needed.
It is therefore important to allow different types of business models and strategies to combat that threat, especially when facing the establishedgiant international players, so that each player will continue its role and find its niche within the industry, he says.
Tuesday, October 11, 2011
Another weekend holidays this week
This Friday I will going back to hometown (KT) for my younger brother wedding ceremony. So, every week i always have something to do. Last week, i had attended the talk in PJ for my medical updates and news. Also, this Friday, my workplace will have fire drill.
For investing, no capital to invest at this moment. I need to clear the debt first before thinking for investing.
For investing, no capital to invest at this moment. I need to clear the debt first before thinking for investing.
Saturday, October 1, 2011
Personal debt
I have made a lot of debt recently and till now still servicing the debt either from the loan, credit card and other thing. Majority of our Malaysian will have zero money to keep even the calendar not yet reaching the middle month. So, finacial planning is very important subject to handle in this isssue.
House Loan
Need refinance. Must check the cost involved and how much the saving can we make. Please read the term and condition before do it.
Credit card
1. Reduce using credit card maybe to the necessary thing only like petrol and monthly bill
2. Consolidate credit by balance transfer program which give 0% interest or lower than credit card interest.
3. Less shopping..less using credit card.
Saving
need to increase saving in the instrument that can give high return like shares, unit trust and ASB
Increase Income
Soing more job outside your daily job or can do more overtime
House Loan
Need refinance. Must check the cost involved and how much the saving can we make. Please read the term and condition before do it.
Credit card
1. Reduce using credit card maybe to the necessary thing only like petrol and monthly bill
2. Consolidate credit by balance transfer program which give 0% interest or lower than credit card interest.
3. Less shopping..less using credit card.
Saving
need to increase saving in the instrument that can give high return like shares, unit trust and ASB
Increase Income
Soing more job outside your daily job or can do more overtime
Friday, September 30, 2011
Live in material world
To stay happy in this material world is not easy. You need money to survive. To make money you have to work everyday and you have sacrifice your time with family. Sometimes, your family don't understand your job and keep complaining. So, what to do.
Tuesday, September 27, 2011
Priority
Market doesn't look good. The chart also look no good. All regional market also down everyday. The best option now is to stay sideline until the selling are over. The market always there, so no hurry to buy.
My priority now is to get the knowledge and study the chart for the next strike....ha..ha
Losing money is not easy to accept but that is reality in market. 80% will be the loser and i'm the one of them.
Currently, no share at all in hand. Cash also depleted so much.
My priority now is to get the knowledge and study the chart for the next strike....ha..ha
Losing money is not easy to accept but that is reality in market. 80% will be the loser and i'm the one of them.
Currently, no share at all in hand. Cash also depleted so much.
Thursday, August 4, 2011
i'm come back
Today is my 15th wedding anniversary date. After long pause from writing anything about trading, i will write some thing today. I'm also not trading since i stops blogging. Just because i need time to analyze, study, learn and looking for capitals for trading. After learning in expensive ways in trading, i feel that i don't have enough knowledge to swim in the fast moving river with full of crocs. Most of the time, i have been eaten life by croc. Lucky, i had many life to survive.
Need some reading materials to learn again...
Our KLCI now at 1552.42. No trading at this moment.
Need some reading materials to learn again...
Our KLCI now at 1552.42. No trading at this moment.
Thursday, June 9, 2011
Come back
I'm not in good mood to write about trading. The reason is i loss a big time in trading. No more capital to trade and my share stuck in KLSE. I only have Jetson. Others were badly burnt. What i can see, only CMSB recovers from down trend. (my old stock). Other either flat or down.
Now, i will watching from the side line. Plan to clear Jetson if the price above 1.30. So far up and down in 1.24-1.28. Sideways.
Now, i will watching from the side line. Plan to clear Jetson if the price above 1.30. So far up and down in 1.24-1.28. Sideways.
Thursday, May 26, 2011
Trading for 26/5/11
Market looks positive today after DJI also closed in positive. My Jetson still not moving but most my old stock slightly increasing price everyday. Still not much convincing.
I'm not buying today. My wound needs sometime to heal. Badly wounded after bitten by big croc. Ha..ha..Lucky still alive. We will fight back later. Thinking the new strategy to win this game.
Looking to clear Jetson. Please...buy??
I'm not buying today. My wound needs sometime to heal. Badly wounded after bitten by big croc. Ha..ha..Lucky still alive. We will fight back later. Thinking the new strategy to win this game.
Looking to clear Jetson. Please...buy??
Wednesday, May 25, 2011
Trading for 25/5/11
Today, market looks bearish. No mood to trade today. Mclean starts to move a bit. Maybe, some body accumulating. I have sold my holding.
Jetson - still not moving. Planning to clear it.
All my old stock look like retracing back.
Jetson - still not moving. Planning to clear it.
All my old stock look like retracing back.
Tuesday, May 24, 2011
Trading for 24/5/11
I need to learn trading psychology. Not for the other people but for myself. How to handle my emotion when you in trouble like losing in stock market? How about my mental strenght? All need to be analysed.
Today, i have cleared all my shareholding in Mclean because it make me A-no-clean...Always get me dirty with shit..
Boilerm - moving or just bull trap.
Jetson - sleeping....
Today, i have cleared all my shareholding in Mclean because it make me A-no-clean...Always get me dirty with shit..
Boilerm - moving or just bull trap.
Jetson - sleeping....
Monday, May 23, 2011
Analysis 23/5/11
Market shows selling pressure today.
Mclean - also down to 35.5 now. What la?? I'm thinking to clear all. Don't know how much low it want to go. No base in sight.
Jetson - down to 1.27. No support. Wait first before clearing.
Thinking... get out from KLSE.
Mclean - also down to 35.5 now. What la?? I'm thinking to clear all. Don't know how much low it want to go. No base in sight.
Jetson - down to 1.27. No support. Wait first before clearing.
Thinking... get out from KLSE.
Friday, May 20, 2011
Trading for 20/5/11
Haiyo, everyday my stock keep going down. Like this, gulung tikar la... Ha..ha... Who ask you to jump to the river with the croc?? Myself. No one to be blame.
Today, force selling for Jetson. Lucky only 4000shares only. But still losing. Buy at 1.305 but sell at 1.29. Cry?? No interest in the stock from smart money??
Mclean -- another hopeless stock in hand... Clear at 39.5 cent. Buy back at 37.5 cent.
See tomorrow. ??Maybe another selling day.
Today, force selling for Jetson. Lucky only 4000shares only. But still losing. Buy at 1.305 but sell at 1.29. Cry?? No interest in the stock from smart money??
Mclean -- another hopeless stock in hand... Clear at 39.5 cent. Buy back at 37.5 cent.
See tomorrow. ??Maybe another selling day.
Thursday, May 19, 2011
Watch Stock - Amedia
Amedia looks recover from selling down and iching up day by day. The lowest price is 21.5 cent and now at 26 cent (up about 20% low). Good to accumulate for futher up. Immediate target will be at 26 to 27 cent and next target will be at 29 and 30 cents.
The Edge : Stock to watch today
KUALA LUMPUR: Stocks which could see trading interest on Thursday, May 19 include TSH Resources Bhd, Tan Chong Motor Holdings Bhd, Encorp Bhd and JCY International Bhd.
Investors could also be cautious after the country’s economy grew at a slow pace of 4.6% in the first quarter of 2011 compared with the 4.8% in the fourth quarter of 2010.
Investors’ concerns would also be the rising inflationary pressure, with the April Consumer Price Index (CPI) up 3.2% from a year ago and rising by 0.2% from March on higher food prices and non-alcoholic beverages. MIDF Research said the 1Q2011 real GDP growth of 4.6% on-year was marginally higher than its forecast of 4.5% but below consensus of 4.8%.
“Going forward, we expect the economic momentum to gain,” it said. The growth would be underpinned by continuous support from domestic demand primarily private consumption on the back of favourable labor market conditions, positive consumer sentiments and continued income growth; pick-up in private investment with the implementation of ETP, 10MP and high capacity utilisation; continued positive impetus from exports; and low base comparison in 2H2011.
As for the corporate results, TSH reported its 1Q2011 earnings surged 105% to RM23.95 million from RM11.26 million a year ago boosted by its Indonesian palm oil operation where fresh fruit bunches (FFB) production grew by 48%.
Revenue rose 5.04% to RM252.59 million from RM240.47 million while earnings per share were 5.84 sen compared with 2.75 sen.
Auto player Tan Chong Motor Holdings Bhd’s net profit rose 14.5% to RM74.08 million in the first quarter ended March 31, 2011 from RM64.67 million a year ago, boosted by the sale of its Nissan Teana.
Revenue increased by 29.8% to a record high of RM1.13 billion from RM870.36 million. Earnings per share were 11.35 sen from 9.91 sen a year ago.
Property-based Encorp Bhd swung into the red in the first quarter ended March 31, 2011 with net losses of RM378,000 compared with net profit of RM246,000 a year ago.
The losses were despite a 33% increase in revenue to RM63.35 million from RM47.63 million. Loss per share was 0.17 sen compared with earnings per share of 0.12 sen.
Dutch Lady Milk Industries Bhd’s net profit for the first quarter ended March 31, 2011 rose 36.2% to RM28.34 million from RM20.81 million a year earlier, due mainly to higher sales, favourable sales mix and cheaper carry-over stocks.
Revenue for the quarter rose to RM196.64 million from RM170.45 million in 2010. Earnings per share were 44.28 sen while net assets per share was RM3.53.
It declared a special gross interim dividend of 30 sen per share in respect of the financial year ending Dec 31, 2011 to be paid on July 1.
Hard disk drive manufacturer JCY International Bhd’s net profit for the second quarter ended March 31, 2011 slumped 81% to RM12.46 million from RM65.88 million a year ago.
The decline in earnings were due mainly to increase in the cost of production resulting from increase in the cost of raw materials like aluminium and stainless steel and also increase in labour cost.
JCY’s revenue for the quarter fell 27.7% to RM397.43 million from RM549.69 million. Earnings per share were 0.61 sen while net assets per share was 43.08 sen.
For the six months ended March 31, JCY’s net profit tumbled to RM19.97 million from RM143.36 million, while revenue fell to RM836.34 million from RM1.08 billion in 2010.
Investors could also be cautious after the country’s economy grew at a slow pace of 4.6% in the first quarter of 2011 compared with the 4.8% in the fourth quarter of 2010.
Investors’ concerns would also be the rising inflationary pressure, with the April Consumer Price Index (CPI) up 3.2% from a year ago and rising by 0.2% from March on higher food prices and non-alcoholic beverages. MIDF Research said the 1Q2011 real GDP growth of 4.6% on-year was marginally higher than its forecast of 4.5% but below consensus of 4.8%.
“Going forward, we expect the economic momentum to gain,” it said. The growth would be underpinned by continuous support from domestic demand primarily private consumption on the back of favourable labor market conditions, positive consumer sentiments and continued income growth; pick-up in private investment with the implementation of ETP, 10MP and high capacity utilisation; continued positive impetus from exports; and low base comparison in 2H2011.
As for the corporate results, TSH reported its 1Q2011 earnings surged 105% to RM23.95 million from RM11.26 million a year ago boosted by its Indonesian palm oil operation where fresh fruit bunches (FFB) production grew by 48%.
Revenue rose 5.04% to RM252.59 million from RM240.47 million while earnings per share were 5.84 sen compared with 2.75 sen.
Auto player Tan Chong Motor Holdings Bhd’s net profit rose 14.5% to RM74.08 million in the first quarter ended March 31, 2011 from RM64.67 million a year ago, boosted by the sale of its Nissan Teana.
Revenue increased by 29.8% to a record high of RM1.13 billion from RM870.36 million. Earnings per share were 11.35 sen from 9.91 sen a year ago.
Property-based Encorp Bhd swung into the red in the first quarter ended March 31, 2011 with net losses of RM378,000 compared with net profit of RM246,000 a year ago.
The losses were despite a 33% increase in revenue to RM63.35 million from RM47.63 million. Loss per share was 0.17 sen compared with earnings per share of 0.12 sen.
Dutch Lady Milk Industries Bhd’s net profit for the first quarter ended March 31, 2011 rose 36.2% to RM28.34 million from RM20.81 million a year earlier, due mainly to higher sales, favourable sales mix and cheaper carry-over stocks.
Revenue for the quarter rose to RM196.64 million from RM170.45 million in 2010. Earnings per share were 44.28 sen while net assets per share was RM3.53.
It declared a special gross interim dividend of 30 sen per share in respect of the financial year ending Dec 31, 2011 to be paid on July 1.
Hard disk drive manufacturer JCY International Bhd’s net profit for the second quarter ended March 31, 2011 slumped 81% to RM12.46 million from RM65.88 million a year ago.
The decline in earnings were due mainly to increase in the cost of production resulting from increase in the cost of raw materials like aluminium and stainless steel and also increase in labour cost.
JCY’s revenue for the quarter fell 27.7% to RM397.43 million from RM549.69 million. Earnings per share were 0.61 sen while net assets per share was 43.08 sen.
For the six months ended March 31, JCY’s net profit tumbled to RM19.97 million from RM143.36 million, while revenue fell to RM836.34 million from RM1.08 billion in 2010.
Wednesday, May 18, 2011
Mclean
Last Monday, i have to force sell Mclean at average 42 cent. There is a write up about Mclean in Malaysian Finance blog. I have some share in Mclean. hope it will rebound today. I also have Jetson in my shareholding.
Please read the write up below:
Mclean -The worst IPO in recent times, any reason, maybe because its Kenanga led? Either the promoters / owners were really naive or really smart. Its not a terribly high paid up, plus the shares DID NOT even went for any kind of goreng activity, there was like no one "taking care" of the counter. Judging from the stupid volume, everybody who got the private and public placements sold. There was no support from anyone.
Why I said naive ... the whole setup, if properly managed would have seen sustained demand and the shares could have held up well above 70 sen. Why I said they could be really smart ... they could be really smart if they anticipated sufficient buying for the first two days which would allow all shares to be out, by last Monday which was T+4, that should flush almost all traders and punters.
If they were really smart, they could keep buying all the way down from 50 sen to 41 sen but not in big lots as to push the share price up. You cannot sell all 100% of the shares (moratorium), the paid up is really pretty small and the free flot is not big at all.
Malaysian Public 2,700,000 (1)
Private Placement 8,600,000 (2)
Business Associates 4,100,000 (3)
Private Placement 11,050,000 (4)
We are talking of a free float of just below 26.5m shares swishing around. At 41 sen, thats not even RM11m in value. Which for me, is a ripe scenario for me to favour the "some very smart but severe buggers" working this counter. If you did not already lose money on this counter, for a pure trading play, I would favour a bullish bet by going long now.
Source: http://malaysiafinance.blogspot.com/
Please read the write up below:
Mclean -The worst IPO in recent times, any reason, maybe because its Kenanga led? Either the promoters / owners were really naive or really smart. Its not a terribly high paid up, plus the shares DID NOT even went for any kind of goreng activity, there was like no one "taking care" of the counter. Judging from the stupid volume, everybody who got the private and public placements sold. There was no support from anyone.
Why I said naive ... the whole setup, if properly managed would have seen sustained demand and the shares could have held up well above 70 sen. Why I said they could be really smart ... they could be really smart if they anticipated sufficient buying for the first two days which would allow all shares to be out, by last Monday which was T+4, that should flush almost all traders and punters.
If they were really smart, they could keep buying all the way down from 50 sen to 41 sen but not in big lots as to push the share price up. You cannot sell all 100% of the shares (moratorium), the paid up is really pretty small and the free flot is not big at all.
Malaysian Public 2,700,000 (1)
Private Placement 8,600,000 (2)
Business Associates 4,100,000 (3)
Private Placement 11,050,000 (4)
We are talking of a free float of just below 26.5m shares swishing around. At 41 sen, thats not even RM11m in value. Which for me, is a ripe scenario for me to favour the "some very smart but severe buggers" working this counter. If you did not already lose money on this counter, for a pure trading play, I would favour a bullish bet by going long now.
Source: http://malaysiafinance.blogspot.com/
Thursday, May 12, 2011
Trading for 12/5/11
I have all cleared my shareholding. At the moment,i have only new shares that i bought few days ago. I feel the market looks not so good. The share that i have go down lower and lower everyday. it's better to protect my capital. But sometimes what i think is not what will happen. When you cut loss, suddenly the price going up. What to do???
Jetson - 8000 shares at 1.32
Mclean - another IPO share...not as expected. Making losses every day. Today buy 10000 shares at 49 cent. Going up to 50.5. So many supplies coming. Still i'm studying the psychology of new IPO.
Jetson - 8000 shares at 1.32
Mclean - another IPO share...not as expected. Making losses every day. Today buy 10000 shares at 49 cent. Going up to 50.5. So many supplies coming. Still i'm studying the psychology of new IPO.
Tuesday, May 10, 2011
Analysis for 10/05/2011
Amedia - force selling 50000 at 22.0 cent.
PJI - clear at 20.5. The ut goes up to 22 cent. Unlucky again.
IPO ( Mclean) - unlucky. Buy at average 60 cent but closed at 53.5. See tomorrow. Another selling day??
DRB CE - manage to catch at 16 cent (30000). Closed at 17.5 cents.
Unisem - clear all at 1.59. Still selling pressure going on.
CMSB - clear balance of CMSB at 2.15 cent. Will invest the money in other counter. Today a bit rebounded.
PJI - clear at 20.5. The ut goes up to 22 cent. Unlucky again.
IPO ( Mclean) - unlucky. Buy at average 60 cent but closed at 53.5. See tomorrow. Another selling day??
DRB CE - manage to catch at 16 cent (30000). Closed at 17.5 cents.
Unisem - clear all at 1.59. Still selling pressure going on.
CMSB - clear balance of CMSB at 2.15 cent. Will invest the money in other counter. Today a bit rebounded.
Monday, May 9, 2011
Tradign for 9/5/11
Market up today. But majority of the
How about my stock?? Very bad...
CMSB - keep coming down. Next support level will be at 2.06.
Jetson - Look something is coming. Will pushed up further this afternoon. Sell ??
Amedia - no force to pushed up. Consolidating at the moment.
Unisem - pushed down at 1.63. Can collect more.
Boilerm - wahhh... lucky clear last week. If not, i'm crying without tears. All dried up already.
PJI - stagnant. Manage to clear 50000 shares at 20.5. Another 20000 waiting to clear.
How about my stock?? Very bad...
CMSB - keep coming down. Next support level will be at 2.06.
Jetson - Look something is coming. Will pushed up further this afternoon. Sell ??
Amedia - no force to pushed up. Consolidating at the moment.
Unisem - pushed down at 1.63. Can collect more.
Boilerm - wahhh... lucky clear last week. If not, i'm crying without tears. All dried up already.
PJI - stagnant. Manage to clear 50000 shares at 20.5. Another 20000 waiting to clear.
Saturday, May 7, 2011
Analysis trading 6/5/2011
Market is still bearish mode. if you not smart enough, this is the time you stay in the sideline. But the challenge is not there if you participate in this kind of market activity. You have to be Fast and Furious. Fast means fast buy and sell. Furious means buy aggressively any battered stock( not the lousy one lah).
My trading as below
Buy PJI. 50000 shares at 20 cents. Look somebody aggressively accumulate the stock. See next week.
Buy Amedia 100000 shares at 23 cents. Sold some old stock at 23.5 cents(50000shares).
Buy new IPO shares : Boilerm.
Buy Jetson 10000 shares at 1.22.
Sold Unisem at 1.67 and 1.68. Buy back at 1.64 and 1.65.
My trading as below
Buy PJI. 50000 shares at 20 cents. Look somebody aggressively accumulate the stock. See next week.
Buy Amedia 100000 shares at 23 cents. Sold some old stock at 23.5 cents(50000shares).
Buy new IPO shares : Boilerm.
Buy Jetson 10000 shares at 1.22.
Sold Unisem at 1.67 and 1.68. Buy back at 1.64 and 1.65.
Thursday, May 5, 2011
Trading for 5/5/2011
Market shows some bargain hunting esp in the lower liner. Overalla market still in bearish mode.
My transaction today
Amedia - clear all shares that i bought yesterday and few days ago. Still in the loss.
Leweko - clear all 10000 share at 20cent. Loss!!
Buying 10000 shares Unisem at 1.71. Almost reached old support level. Selling pressure become lesser. Keep.
My transaction today
Amedia - clear all shares that i bought yesterday and few days ago. Still in the loss.
Leweko - clear all 10000 share at 20cent. Loss!!
Buying 10000 shares Unisem at 1.71. Almost reached old support level. Selling pressure become lesser. Keep.
Wednesday, May 4, 2011
Trading for 4/5/2011
Market still in selling mode. Very risky to buy at this moment. But if you like do contrarian, this is the time to accumulate the stock. The problem is we don't know how long the market will be in bearish situation. The best solution , buy and keep for the good fundamental stock. The lousy one, just sell it.
Amedia - sell all at 24.5. Keep losing everyday. Cannot tahan. Loss!!
Leweko - up and down. Also cannot tahan. Wait!
PJI - sell all at 18.5. Cost price.
Iris - sell all at 18.5. Loss!!
Harbour - still keep it. To sell when the price up.
CMSB - keep it till make profit. How long?? God only knows.
No more buying........
Might need to change strategy. Easy to make money when market is bullish, it's also easy to lose money in beaerish market. The smart one still can make money in bearish market...That's how we need to learn. Where to learn?? Go and find out.
Amedia - sell all at 24.5. Keep losing everyday. Cannot tahan. Loss!!
Leweko - up and down. Also cannot tahan. Wait!
PJI - sell all at 18.5. Cost price.
Iris - sell all at 18.5. Loss!!
Harbour - still keep it. To sell when the price up.
CMSB - keep it till make profit. How long?? God only knows.
No more buying........
Might need to change strategy. Easy to make money when market is bullish, it's also easy to lose money in beaerish market. The smart one still can make money in bearish market...That's how we need to learn. Where to learn?? Go and find out.
Tuesday, May 3, 2011
Analysis 3/5/2011
No buying for today. The market looks bad with some selling pressure. My penny stock badly bruised due to hitting hard by bear. My planning is to clear into strenght. I'm accumulating almost 6K losses. What la!!! Why so difficult to make money? Need learn more and must remember rule no 1...Don't let your money gone.
CMSB - down to 2.23
Jetson - up. Again clear too early with losses.
PJI - clear 50000 shares at 18.5 cent. Loss.
DRB CE - clear with loss. No more holding.
Leweko - down to 21 cent
Iris - down to 18cent
Amedia - down 3 cent to 25.5 cent
CMSB - down to 2.23
Jetson - up. Again clear too early with losses.
PJI - clear 50000 shares at 18.5 cent. Loss.
DRB CE - clear with loss. No more holding.
Leweko - down to 21 cent
Iris - down to 18cent
Amedia - down 3 cent to 25.5 cent
Friday, April 29, 2011
Trading for 29/4/11
To make money in share market is not easy. Sometimes our gain for one month can be wipe out just within one day. That's why it is very important to know managing risk especially cut loss. When we make money, vwry easy we sell the stock. When we loss, we afraid to cut loss because we thinking the price going up again. Thatis not we think in share market. Only the smart will survive and the others will be swallowed by croc and left with skeleton only. This thing happen to anybody who invest in share market. Too expensive learning exprience
my shareholding
1. Cmsb
2: iris
3. Drb ce
4. Amedia
5. Jetson
my shareholding
1. Cmsb
2: iris
3. Drb ce
4. Amedia
5. Jetson
Thursday, April 28, 2011
Trading for 27/4/11
DJIA closed higher. KLSE also closed higher yesterday but the majority stocks are in the selling mode. Profit taking or correction?? Today, another day to fight on whether selling or buying.
My holding:
CMSB - got 5000 extra. Force sell today. Bought at 2.31. Closed 2.25 yesterday. Pray for rebound today.
Amedia - hope will rebound soon. Too much supply yesterday. To clear at 30 to 31 cent.
Leweko - Price may go down to 21 cent if not recover today. Can buy back more at 21 cent.
PJI - high selling yesterday. Bought at 19 cent. Maybe it will move up today to recover some losses yesterday.
DRB CE - Depend on the mother. If recover, then DRB CE also recover. If not, another sellling day. Cut loss....Bought at 23.0. Horizontal support became resistance level.
My holding:
CMSB - got 5000 extra. Force sell today. Bought at 2.31. Closed 2.25 yesterday. Pray for rebound today.
Amedia - hope will rebound soon. Too much supply yesterday. To clear at 30 to 31 cent.
Leweko - Price may go down to 21 cent if not recover today. Can buy back more at 21 cent.
PJI - high selling yesterday. Bought at 19 cent. Maybe it will move up today to recover some losses yesterday.
DRB CE - Depend on the mother. If recover, then DRB CE also recover. If not, another sellling day. Cut loss....Bought at 23.0. Horizontal support became resistance level.
Wednesday, April 27, 2011
Update 27/4/2011
KLSE closes in positive but overall market show selling down especially to penny stock.
My Position
Amedia - force selling day for me. Price going up to 32 cent but it cannot sustained. Still there is huge supply. Again, too late to clear. Queue at 31.5 not done. Force selling at 30.5 and 29 cents.
Buy back for rebound tomorrow. 50000 shares at 29 cents.
PJI - same like Amedia. Cannot sustained the uptrend. The selling force has some power to wipe out ealier gain. Up till 21 cent then closed at 18.5 cents. Buy back 50000 shares at 19 cent.
Leweko - also has some sellling pressure. Closed at 22 cent. Tomorrow another force selling day... Cry!!!!
DRB CE - buy 20000 at 23 but closed at 22...
YTL land - clear at 1.85 .
CMSB - flat. Got support...
Buy JETSON - 5000shares at 1.31.But closed at 1.29..Kuang!!!Kuang !! Kuang!!
My Position
Amedia - force selling day for me. Price going up to 32 cent but it cannot sustained. Still there is huge supply. Again, too late to clear. Queue at 31.5 not done. Force selling at 30.5 and 29 cents.
Buy back for rebound tomorrow. 50000 shares at 29 cents.
PJI - same like Amedia. Cannot sustained the uptrend. The selling force has some power to wipe out ealier gain. Up till 21 cent then closed at 18.5 cents. Buy back 50000 shares at 19 cent.
Leweko - also has some sellling pressure. Closed at 22 cent. Tomorrow another force selling day... Cry!!!!
DRB CE - buy 20000 at 23 but closed at 22...
YTL land - clear at 1.85 .
CMSB - flat. Got support...
Buy JETSON - 5000shares at 1.31.But closed at 1.29..Kuang!!!Kuang !! Kuang!!
Analysis 26/4/11
Yesterday, the market closed in positive. Today, will be a positive day since the DJIA also closed more than 100 points.
Transaction for yesterday
Buy PJI 80000 at 18.5cent - sold at 19 cent.
Buy YTL 6000 sharess at 1.68 - sold at 1.66. Late to buy back at 1.62So, loss a bit.
Sold POS at 3.26- not very convincing to recover yet. See how the performance today. Maybe i buy POS CB today. Slowly accumulate.
Buy DRB CE 60000 at 23 cent. Closed at 23.5 yesterday.
Leweko 30000 - T &3 yesterday. Force sell today.
Amedia 90000 - T & 3 yesterday. Force sell today. Hope the price will go up today. Look like some accumulation since yesterday.
SHAREHOLDING
CMSB - flat. Not much activity. Keep as looong as possible.
Amedia -
Leweko -
YTL Land - 5000 shares at 1.82
Transaction for yesterday
Buy PJI 80000 at 18.5cent - sold at 19 cent.
Buy YTL 6000 sharess at 1.68 - sold at 1.66. Late to buy back at 1.62So, loss a bit.
Sold POS at 3.26- not very convincing to recover yet. See how the performance today. Maybe i buy POS CB today. Slowly accumulate.
Buy DRB CE 60000 at 23 cent. Closed at 23.5 yesterday.
Leweko 30000 - T &3 yesterday. Force sell today.
Amedia 90000 - T & 3 yesterday. Force sell today. Hope the price will go up today. Look like some accumulation since yesterday.
SHAREHOLDING
CMSB - flat. Not much activity. Keep as looong as possible.
Amedia -
Leweko -
YTL Land - 5000 shares at 1.82
Tuesday, April 26, 2011
Eye on Stock
MEGB - The price down from 2.47 to 2.08 (50% FB). Indicators still in negative biased. Good to accumulate at this level. Unless the price close below 2.08( cut loss)
E&O - formed uptrend channel. Can buy more if the price breakout above 1.37. Maybe it will take rest for few days before charging higher. Watch it!!!!
Monday, April 25, 2011
Analysis for 25/4/2011
Latest buying
Pos : 5000 shares at 2.24.
Amedia : 20000 shares at 0.305 cent
My Shareholding
Leweko : still not moving. Hope the timber stock will move tomorrow
PJI : sell all 40000 at 19 cent. Look like it will close higher tomorrow.
CMSB : flat
Ytl land : close flat.
Pos : 5000 shares at 2.24.
Amedia : 20000 shares at 0.305 cent
My Shareholding
Leweko : still not moving. Hope the timber stock will move tomorrow
PJI : sell all 40000 at 19 cent. Look like it will close higher tomorrow.
CMSB : flat
Ytl land : close flat.
Trading for 25/4/2011
Market looks positive today but profit taking still persist. Investor may be stay in sideline.
Iris - wah moving so high. Why the news came out after i clear it last Friday?? Frust!! Up to 24 cent. See how much that 1'm losing. Clear at 19 cent last Friday.
CMSB - as expected not moving much. Still in accumulation mode. When to explode???
E&O Wa - again sold too early today. It's going up to 29 cents. Sold at 26.5 cent. How much loss??? Again
PJI - buy 40000 at 18.5 cent.
Leweko - start to move. Will clear above 24 cent.
YTL land - sleeping today. Will clear if moving above 1.85.
Harbour - also flat today. Sleeping tooo lonnnng. Another share for force selling today.
Amedia - queue to buy at 30.5. Rebound soon...
Iris - wah moving so high. Why the news came out after i clear it last Friday?? Frust!! Up to 24 cent. See how much that 1'm losing. Clear at 19 cent last Friday.
CMSB - as expected not moving much. Still in accumulation mode. When to explode???
E&O Wa - again sold too early today. It's going up to 29 cents. Sold at 26.5 cent. How much loss??? Again
PJI - buy 40000 at 18.5 cent.
Leweko - start to move. Will clear above 24 cent.
YTL land - sleeping today. Will clear if moving above 1.85.
Harbour - also flat today. Sleeping tooo lonnnng. Another share for force selling today.
Amedia - queue to buy at 30.5. Rebound soon...
Friday, April 22, 2011
Analysis 22/4/2011
Market closed in negative territory. Profit taking still going on. Mild correction. ACE dominated the market today. How about my shares???
1. CMSB
The longest shares that i hold in hand. Based on chart, the shares still in downtrend trend with slightly positive bias after BN won the election in Sarawak. Maybe, Taib Mahmud will be removed from CM, that's why the shares keep plunging. The trend will be reversed after piercing through downtrend channel.
Today, i have sold all at 2.34 and buy back at average 2.31. However the price closed lower at 2.28.
2. Iris - sold all at 19 cent.
3. PJI - sold all at 18.0.
4. WTK - sold all at 1.99( Balance from last buying 900 shares).Price will take rest before charging higher)
5. Unisem - again sell early. Price go up to 2.07(learn be patience)
6. Leweko - add 100000 at 24 cent. Hope it charge next week. Closed at 23 cent.
7. YTL Land - buy 5000 shares at 1.82. Closed at 1.85. Good...
8. Harbour - force sell today. Cleared 12100 at 98.5 cent. Loss. Still have some balance.
9. E&O warrant - buy 30000 shares at 25 cent.
10. Amedia - sell 57000 shares at average 33.5. Buy back 40000 at 31.5. Will sell all at 34 cent. Still have balance from yesterday buying (29200 shares)
1. CMSB
The longest shares that i hold in hand. Based on chart, the shares still in downtrend trend with slightly positive bias after BN won the election in Sarawak. Maybe, Taib Mahmud will be removed from CM, that's why the shares keep plunging. The trend will be reversed after piercing through downtrend channel.
Today, i have sold all at 2.34 and buy back at average 2.31. However the price closed lower at 2.28.
2. Iris - sold all at 19 cent.
3. PJI - sold all at 18.0.
4. WTK - sold all at 1.99( Balance from last buying 900 shares).Price will take rest before charging higher)
5. Unisem - again sell early. Price go up to 2.07(learn be patience)
6. Leweko - add 100000 at 24 cent. Hope it charge next week. Closed at 23 cent.
7. YTL Land - buy 5000 shares at 1.82. Closed at 1.85. Good...
8. Harbour - force sell today. Cleared 12100 at 98.5 cent. Loss. Still have some balance.
9. E&O warrant - buy 30000 shares at 25 cent.
10. Amedia - sell 57000 shares at average 33.5. Buy back 40000 at 31.5. Will sell all at 34 cent. Still have balance from yesterday buying (29200 shares)
Trading for 22/4/11
Market looks like no strenght. Profit ta king still going on. Maybe to push higher next week. Theme for today is ACE stock. All in positive. Maybe syndicate to push for easy money. Don't be eaten life by croc. Hee..he...be careful.
Trying to clear Iris. Also ACE but not moving. When???
Manage to clear AMEDIA at 33 and 33.5. Below cost price. What to do?? always trapped like this. But i will try to short today to cover.
CMSB - sleeping zzzzzzzzzzzzz
PJI - still sleeping
WTK - profit taking. Added if i have fund.
Unisem - to clear at 2.05
Leweko - rest today
Trying to clear Iris. Also ACE but not moving. When???
Manage to clear AMEDIA at 33 and 33.5. Below cost price. What to do?? always trapped like this. But i will try to short today to cover.
CMSB - sleeping zzzzzzzzzzzzz
PJI - still sleeping
WTK - profit taking. Added if i have fund.
Unisem - to clear at 2.05
Leweko - rest today
Thursday, April 21, 2011
Trading for 21/4/11
DJIA closed higher last night. The chance for KLCI also higher for opening in positive territory. So today, I will sell some of my shares and keep it some. Try to find any stock that can move higher.
Sahreholding:
Harbour : 46000
CMSB : 9000
Seal : 20000
Iris : 32600
See what happen today.
UPDATE 4.30PM
CMSB - still flat. Accumulating to push higher.
Harbour - not moving. Force sell today at 99.5 and 99 cent.
Still having half.
SEAL - strongly move. Again clear too early. If not, laughing all the way to bank... Sob...sob..
Buying:
AMEDIA : strongly moving up. Lucky not chasing. Buy at 33.5 and sell at 34.5. Try to buy lower but it move down even lower. Cut loss or wait till tomorrow???. Same old story. Lesson learn...No average down.
Tcubes ; buy some when pushed down. Swing trading. Lucky can get out with small profit.
Leweko ; buying some ( timber stock in play) . See tomorrow.
PJI : buy 60000 shares at 17.5 cent. Long time sleeping. Might be it will wake up tomorrow??? Wait and see.
Iris : still not clear at 19.5. Keep till clear at 19.5.
Mieco : buy some and clear fast. Swing trading...make small profit.
Unisem : buy 5K at 2.01. ?? IT theme.
Sahreholding:
Harbour : 46000
CMSB : 9000
Seal : 20000
Iris : 32600
See what happen today.
UPDATE 4.30PM
CMSB - still flat. Accumulating to push higher.
Harbour - not moving. Force sell today at 99.5 and 99 cent.
Still having half.
SEAL - strongly move. Again clear too early. If not, laughing all the way to bank... Sob...sob..
Buying:
AMEDIA : strongly moving up. Lucky not chasing. Buy at 33.5 and sell at 34.5. Try to buy lower but it move down even lower. Cut loss or wait till tomorrow???. Same old story. Lesson learn...No average down.
Tcubes ; buy some when pushed down. Swing trading. Lucky can get out with small profit.
Leweko ; buying some ( timber stock in play) . See tomorrow.
PJI : buy 60000 shares at 17.5 cent. Long time sleeping. Might be it will wake up tomorrow??? Wait and see.
Iris : still not clear at 19.5. Keep till clear at 19.5.
Mieco : buy some and clear fast. Swing trading...make small profit.
Unisem : buy 5K at 2.01. ?? IT theme.
Wednesday, April 20, 2011
Analysis 19/4/2011
This is my analysis for my holding stock and also new buying.
CMSB - pushed down again to 2.31. Plan to short at 2.37 but open lower.
Harbour - still not moving. Adding HARBOUR at average 0.9851 for 8900 shares and closed at 0.99 cent.
Iris - look somebody accumulating to push higher. Today my force sell day. Hope price will move today above 19 cent.To clear today either loss or profit.
E&O wa - sell at 0.28 cent. Buy at 26.5 cent. But it closed at 29.5 cent...Look so strong for moving higher. Unlucky??
E&O - buy 6000 shares at 1.28. Chart will challenge the resistance level at 1.37.
update 500pm (20 /4/2011)
CMSB - flat. Not moving.
Mpay~ clear all at $0.285 (30000shares). Buy at 27.5cent
Harbour - start to move. High at $1.03. Then down to 1.00. Plan to clear tomorrow at $1.05. T+4 today.
Iris -force sell at buying price. Lucky price not going down lower. Still had some shares in hand. To clear at 19.5 cent.
Buying ALAM $1.13 today. Strong momentum. Unlucky to clear early. Closed 1.18. will be move higher cm.
Buying SEAL 20000 SHARES at 24.5. To clear at 26.
E&O - clear at 1.31 (30000 shares). Price go up 1.34.
CMSB - pushed down again to 2.31. Plan to short at 2.37 but open lower.
Harbour - still not moving. Adding HARBOUR at average 0.9851 for 8900 shares and closed at 0.99 cent.
Iris - look somebody accumulating to push higher. Today my force sell day. Hope price will move today above 19 cent.To clear today either loss or profit.
E&O wa - sell at 0.28 cent. Buy at 26.5 cent. But it closed at 29.5 cent...Look so strong for moving higher. Unlucky??
E&O - buy 6000 shares at 1.28. Chart will challenge the resistance level at 1.37.
update 500pm (20 /4/2011)
CMSB - flat. Not moving.
Mpay~ clear all at $0.285 (30000shares). Buy at 27.5cent
Harbour - start to move. High at $1.03. Then down to 1.00. Plan to clear tomorrow at $1.05. T+4 today.
Iris -force sell at buying price. Lucky price not going down lower. Still had some shares in hand. To clear at 19.5 cent.
Buying ALAM $1.13 today. Strong momentum. Unlucky to clear early. Closed 1.18. will be move higher cm.
Buying SEAL 20000 SHARES at 24.5. To clear at 26.
E&O - clear at 1.31 (30000 shares). Price go up 1.34.
Monday, April 18, 2011
Update 18/4/11
Market today look positive after winning Sarawak election. As expected the Sarawak shares are jumping today.
My CMSB also jumping but below my buy price. I think it will up again with immediate target at 2.50.
Harbour - slow moving
Iris - moving but still below cost price.
My CMSB also jumping but below my buy price. I think it will up again with immediate target at 2.50.
Harbour - slow moving
Iris - moving but still below cost price.
Friday, April 15, 2011
Analysis 15/4/11
Update at 2.30pm Our market still in selling mode but low volume. Maybe selling will be over. The magic will start after 4.30pm. To push up the market for Sarawak election. My CMSB ; today pushed up to 2.31. Maybe bottom already. Must show that Taib Mahmud crony must be good. Buy now before too late Nagamas : also pushed up today. Plan to clear all today. See how high it can go. Iris : stuck in 18.5 cent. No energy at the moment. Harbour : pushed down . Plan to add some more.
UPDATE 4.30PM
Nagamas : clear all at 77.0 cent and 77.5 cent. Today my T+3 for Nagamas.
Harbour : add 15000 shares at 1.00
CMSB : manage to sell at 3.31 and 3.30 and buy back at 3.28. Enough for chicken rice. I will keep it.
Iris: stuck at 18 cent. Maybe keep it.
UPDATE 4.30PM
Nagamas : clear all at 77.0 cent and 77.5 cent. Today my T+3 for Nagamas.
Harbour : add 15000 shares at 1.00
CMSB : manage to sell at 3.31 and 3.30 and buy back at 3.28. Enough for chicken rice. I will keep it.
Iris: stuck at 18 cent. Maybe keep it.
Thursday, April 14, 2011
Transaction for 14/4/11
Market down again today due to profit taking. So, yesterday just only for technical rebound.
Nagamas : 10000 at 72.5
Iris : 100000 at 18.5 cents
CMSB : still in selling mode.
WTK : selling mode today.
SEAL : selling mode today
So, overall market in selling mode. If you have money, go buy and keep. If you afraid of bear market, sell and stay at home.
Market always up and down. Win BIG loss small. Ok
Nagamas : 10000 at 72.5
Iris : 100000 at 18.5 cents
CMSB : still in selling mode.
WTK : selling mode today.
SEAL : selling mode today
So, overall market in selling mode. If you have money, go buy and keep. If you afraid of bear market, sell and stay at home.
Market always up and down. Win BIG loss small. Ok
Wednesday, April 13, 2011
Sale! Sale!
Is it just a correction or reversal??? Time will tell. At the moment, i have to take cautious stand in investing. Market looks no good at this moment. Not all people unhappy with this situation especially to contrarion investor who like to accumulate during weaknesses.So, what's your position?? Buying more or protect your capital?? It's difficult situation to small time investor. Experience in trading will give you some points to decide either to stay or opt out.
What about my shares?? Let analyse.
CMSB - still in downtrend. Ha..ha.. myself to blame for not discipline. Now, price down to 2.27.So looong investor to be even. No recovery insight.
WTK - also bad. Now closed at 1.78. Tooo late to cut loss Same thing myself to blame. Not discipline. Cut loss????
SEAL - also down. Now at 0.55. Is it good to average down ??? Time will tell.
IRIS - bear market will push the price lower. Maybe cut loss.
UPDATE 3.30PM
Its look like the market rebound today. See what happen tomorrow. Either real recovery or just one day affair. Just to fish small player to eat the bait then we stuck in fish
IRIS - clear at 19 cent. (loss)
WTK - clear at 1.84 (LOSS)
SEAL - clear all at 56.5 cent (LOSS)
CMSB - small rebound (? short)
Nagamas : i bought yesterday - recover. Not sell today. Keep it.
Buy 10000 Harbour : 1.04. Still in selling mode. Hope rebound tomorrow.
My personal experience, trading in high volality market need a lot of mental strenght to control the emotion.
What about my shares?? Let analyse.
CMSB - still in downtrend. Ha..ha.. myself to blame for not discipline. Now, price down to 2.27.So looong investor to be even. No recovery insight.
WTK - also bad. Now closed at 1.78. Tooo late to cut loss Same thing myself to blame. Not discipline. Cut loss????
SEAL - also down. Now at 0.55. Is it good to average down ??? Time will tell.
IRIS - bear market will push the price lower. Maybe cut loss.
UPDATE 3.30PM
Its look like the market rebound today. See what happen tomorrow. Either real recovery or just one day affair. Just to fish small player to eat the bait then we stuck in fish
IRIS - clear at 19 cent. (loss)
WTK - clear at 1.84 (LOSS)
SEAL - clear all at 56.5 cent (LOSS)
CMSB - small rebound (? short)
Nagamas : i bought yesterday - recover. Not sell today. Keep it.
Buy 10000 Harbour : 1.04. Still in selling mode. Hope rebound tomorrow.
My personal experience, trading in high volality market need a lot of mental strenght to control the emotion.
Tuesday, April 12, 2011
Buy or Sell?
Today, the selling in KLSE will still going on. So i will shorting today. Hope my plan will success. All in paper loss. I don't plan to buy any shares today until the situation improved. Maybe short term correction. He..he..
In market, the principle of investing is WIN BIG, LOSS SMALL. You cannot win all the time. I think nobody will achieve that performance even with the expert.
Pray for the best today. Good luck..
Update 11.45AM
I clear all WTK today at 1.82 and 1.83. Then price shot up to 1.87. Always like this when i clear my shares. Then selling started and pushed down the price to 1.79. Buy back ???
I say i don't want to buy today but i broken my promise. I buy Nagamas 10000 shares at 0.765. Risk??? or Rewards???
Manage to clear SEAAL at 57.5 cent. Then the price down to 56.5 cent. Collect back. Risk????
CMSB - Flat ??? Opss..down some more...loss 4 cents.
In market, the principle of investing is WIN BIG, LOSS SMALL. You cannot win all the time. I think nobody will achieve that performance even with the expert.
Pray for the best today. Good luck..
Update 11.45AM
I clear all WTK today at 1.82 and 1.83. Then price shot up to 1.87. Always like this when i clear my shares. Then selling started and pushed down the price to 1.79. Buy back ???
I say i don't want to buy today but i broken my promise. I buy Nagamas 10000 shares at 0.765. Risk??? or Rewards???
Manage to clear SEAAL at 57.5 cent. Then the price down to 56.5 cent. Collect back. Risk????
CMSB - Flat ??? Opss..down some more...loss 4 cents.
Monday, April 11, 2011
Update 11/04/2011
Today, Grand Sale at KLSE. All in red. All my stock in red. Should be shorting today. But too late. Stock battered down. See what happening tomorrow with some hope for recover. Normally it will take 2 or 3 days to recover. Contra player will be the loser....
CMSB- closed at 2.32. (loss 14 cent = 6%)
IRIS - closed at 18.5 cent (loss 1 cent = 5%)
SEAL - closed at 56.5 cent (loss 5 cent = 6%)
WTK - closed at 1.83 (loss 12 cent = 6%)
Wah... all losing minimun 5 %.. Pray hard , tomorrow can recover.
CMSB- closed at 2.32. (loss 14 cent = 6%)
IRIS - closed at 18.5 cent (loss 1 cent = 5%)
SEAL - closed at 56.5 cent (loss 5 cent = 6%)
WTK - closed at 1.83 (loss 12 cent = 6%)
Wah... all losing minimun 5 %.. Pray hard , tomorrow can recover.
Analysis 11/4/11
WTK - stock was pushed down to 1.95. Immediate support will be 1.90. Other indicators shoed negative bias. Cut loss is closed below 1.90.
Maybe, i cut loss today.
____________________________________________________________________
CMSB - still stuck in downtrend channel. No bottom yet. Unless can penetrate above uptrend channel.
_____________________________________________________________________
IRIS - my new stock. Wait and see. Accumulation.
Stocks to watch: Infra stocks, Mamee, autos, MAA
KUALA LUMPUR: Stocks could ride on the positive local news flow from the two-day Invest Malaysia conference starting Tuesday, April 12 while focus could also be on selected Sarawak-linked stocks in the run-up to the April 16 elections.
Analysts expect the government might offer a progress report and reaffirm its commitment to achieve the long-term goals under the Economic Transformation Programme.
They are expecting the government to announce more high-impact projects to generate economic activity. The sectors identified as key growth engines include oil & gas and services and among their favourites are KNM and Dayang Enterprise.Meanwhile, JP Morgan Asia Pacific Equity Research said Malaysia was under-owned and an oil price play. It said Malaysia was the only economy that is a net beneficiary of higher oil prices, as a net exporter of oil and oil seeds.
“In our view, the market should remain resilient as it is under-owned, with average allocations of emerging markets portfolio managers well below a MSCI neutral weight of 2.9%. We like the broader ETP theme which is gradually gaining traction, whose success will have a bearing on the upcoming general election, in our view,” it said.
Other analysts are expecting an update on the Greater Kuala Lumpur / Klang Valley catalyst, one of 12 National Key Economic Areas (NKEAs) under the ETP.
They said specifically, a progress report and timetable for the massive MRT project may be revealed. They CONSTRUCTION [] proxies are Gamuda and MMC while YTL Land is a MRT-related property play.
Shares of MAMEE-DOUBLE DECKER (M) BHD [] are expected to surge when they resume trading on Monday. Its major shareholders – who collectively hold 79.1% -- have proposed a selective capital repayment (SCR) of RM4.39 a share to the remaining shareholders under a corporate exercise to take it private.
At RM4.39, this was a premium of 79 sen or 21.94% above the last traded price of RM3.60 on Wednesday, April 6.
Perusahaan Otomobil Kedua Sdn Bhd (Perodua) retained its top position in car sales in the first quarter ended March 31, 2011 (1Q2011) with 45,700 units and a market share of 29% -- underpinned by robust sales of the popular Myvi.
However, Perodua managing director Datuk Aminar Rashid Salleh said that “moving forward, the 2Q and 3Q will be challenging, as our operations are impacted by the earthquake and tsunami which hit Japan on March 11, 2011”.
The Edge weekly reports that while the full impact of the disaster on Malaysian auto assemblers is yet to be seen, it has amplified sector risks. Auto delivery could be affected from 3Q if component supply problems continue for a prolonged period.
Stocks related to the Melewar group could see extended trading activities through MAA Holdings has pulled back slightly after the recent week-long price surge.
Last Friday, April 8 shares of Melewar Industrial Group and MYCRON STEEL BHD [] surged to multi-year highs in active trade, riding on the recent price jump in MAA HOLDINGS BHD [].
Melewar rose 22.5 sen to RM1.13 with 35.5 million shares done, and Mycron was up 15 sen to 81 sen. MAA fell four sen to RM1.34 with 84.1 million shares traded.
MAA Holdings is the parent company of the MAA group of companies and is controlled by the Melewar Group. Khyra Legacy Bhd owns 38.86% of Melewar Industrial and 34.75% of MAA Holdings and 55.57% of Mycron.
MAA Holdings shares have surged from last Friday, April 1’s close of RM1.03 despite a denial earlier this week over the sale of a 70% stake in Malaysian Assurance Alliance Bhd (MAAB) to Zurich Insurance Co. Ltd for an estimated RM1.2 billion.
On Wednesday, MAA denied the sale but said discussions were still ongoing.
Source : Theedge
Analysts expect the government might offer a progress report and reaffirm its commitment to achieve the long-term goals under the Economic Transformation Programme.
They are expecting the government to announce more high-impact projects to generate economic activity. The sectors identified as key growth engines include oil & gas and services and among their favourites are KNM and Dayang Enterprise.Meanwhile, JP Morgan Asia Pacific Equity Research said Malaysia was under-owned and an oil price play. It said Malaysia was the only economy that is a net beneficiary of higher oil prices, as a net exporter of oil and oil seeds.
“In our view, the market should remain resilient as it is under-owned, with average allocations of emerging markets portfolio managers well below a MSCI neutral weight of 2.9%. We like the broader ETP theme which is gradually gaining traction, whose success will have a bearing on the upcoming general election, in our view,” it said.
Other analysts are expecting an update on the Greater Kuala Lumpur / Klang Valley catalyst, one of 12 National Key Economic Areas (NKEAs) under the ETP.
They said specifically, a progress report and timetable for the massive MRT project may be revealed. They CONSTRUCTION [] proxies are Gamuda and MMC while YTL Land is a MRT-related property play.
Shares of MAMEE-DOUBLE DECKER (M) BHD [] are expected to surge when they resume trading on Monday. Its major shareholders – who collectively hold 79.1% -- have proposed a selective capital repayment (SCR) of RM4.39 a share to the remaining shareholders under a corporate exercise to take it private.
At RM4.39, this was a premium of 79 sen or 21.94% above the last traded price of RM3.60 on Wednesday, April 6.
Perusahaan Otomobil Kedua Sdn Bhd (Perodua) retained its top position in car sales in the first quarter ended March 31, 2011 (1Q2011) with 45,700 units and a market share of 29% -- underpinned by robust sales of the popular Myvi.
However, Perodua managing director Datuk Aminar Rashid Salleh said that “moving forward, the 2Q and 3Q will be challenging, as our operations are impacted by the earthquake and tsunami which hit Japan on March 11, 2011”.
The Edge weekly reports that while the full impact of the disaster on Malaysian auto assemblers is yet to be seen, it has amplified sector risks. Auto delivery could be affected from 3Q if component supply problems continue for a prolonged period.
Stocks related to the Melewar group could see extended trading activities through MAA Holdings has pulled back slightly after the recent week-long price surge.
Last Friday, April 8 shares of Melewar Industrial Group and MYCRON STEEL BHD [] surged to multi-year highs in active trade, riding on the recent price jump in MAA HOLDINGS BHD [].
Melewar rose 22.5 sen to RM1.13 with 35.5 million shares done, and Mycron was up 15 sen to 81 sen. MAA fell four sen to RM1.34 with 84.1 million shares traded.
MAA Holdings is the parent company of the MAA group of companies and is controlled by the Melewar Group. Khyra Legacy Bhd owns 38.86% of Melewar Industrial and 34.75% of MAA Holdings and 55.57% of Mycron.
MAA Holdings shares have surged from last Friday, April 1’s close of RM1.03 despite a denial earlier this week over the sale of a 70% stake in Malaysian Assurance Alliance Bhd (MAAB) to Zurich Insurance Co. Ltd for an estimated RM1.2 billion.
On Wednesday, MAA denied the sale but said discussions were still ongoing.
Source : Theedge
Friday, April 8, 2011
Update 8/4/11
PJI - start moving but very slow. To clear at 18.5cent. Balance to wait till next push.
WTK - pushed down today.
CMSB - look like price will be going up. Try to push up but the bear pushed down again. Maybe doji today. Keep it. Rebound soon.
SEAL : buy 8800 at 61.5 and sell at 62.5(Balance 800shares)
At 2.30PM
Manage to clear PJI - 100000shares at 18.5cent
IRIS : Buy 100000shares at 19.5 cent.
Steel stock moving. What stock to buy???
Update 5.00PM
Wahh...JETSON flying..Unlucky, plan to buy again but too late.
CMSB : closed up 2 cents at 2.46.
WTK: pushed down some more to 1.95...Cut loss or average???See next week..
PJI: all cleared
Iris : closed at 19.5 cents.
SEAL: closed lower. Stuck at 61.5 cents.
Theme today : Steel
WTK - pushed down today.
CMSB - look like price will be going up. Try to push up but the bear pushed down again. Maybe doji today. Keep it. Rebound soon.
SEAL : buy 8800 at 61.5 and sell at 62.5(Balance 800shares)
At 2.30PM
Manage to clear PJI - 100000shares at 18.5cent
IRIS : Buy 100000shares at 19.5 cent.
Steel stock moving. What stock to buy???
Update 5.00PM
Wahh...JETSON flying..Unlucky, plan to buy again but too late.
CMSB : closed up 2 cents at 2.46.
WTK: pushed down some more to 1.95...Cut loss or average???See next week..
PJI: all cleared
Iris : closed at 19.5 cents.
SEAL: closed lower. Stuck at 61.5 cents.
Theme today : Steel
Thursday, April 7, 2011
Update 7/4/2011
WTK: I buy 11000 shares at 2.03 this morning. Now the price down to 1.99. See what happen tomorrow. Triangle formation.
JETSON ;
Cleared all at 1.33 (10k shares), 1.34(6K shares) and 1.35 (4.1K shares).
CMSB - moving lower (2.47). Pray hard for rebound tomorrow) All busy with Sarawak electon. No time to push the shares. Maybe the money use in election.
PJI - now at 17.5cent
I also buy HWGB 30K at 74.5 cent and sell at75 cent.
JETSON ;
Cleared all at 1.33 (10k shares), 1.34(6K shares) and 1.35 (4.1K shares).
CMSB - moving lower (2.47). Pray hard for rebound tomorrow) All busy with Sarawak electon. No time to push the shares. Maybe the money use in election.
PJI - now at 17.5cent
I also buy HWGB 30K at 74.5 cent and sell at75 cent.
Analysis my share holding
CMSB:
I bought this share at 2.58(9000shares)and the price currently at 2.48( down 3.9%).
Chartwise, all indicator pointing downward biased and no sign of recovery at the moment. Look like bottom if the price can be maintained at this level for this few days. Wait and see..
JETSON:
I bought 10000 shares at 1.35 few days ago and now the price down to 1.28(down 5.2%). Yesterday i added another 10000 shares at 1.28. Chatwise, 1.27 is immediate support. If broken,it can go down 1.17.
PJI - i have sold 10000 shares at 17cent. But i bought back 100000 shares at 17.5 cent. Closed at 18 cent yesterday. Its forming flag pattern. Hope breakout can happen today.
CHART OF THE DAY:
SEAL : nice chart formation. See and analysis the chart.
WTK forming a triangle. Breakout will happen anytime soon.. Watch....
Wednesday, April 6, 2011
Analysis 5/4/2011
I'm totally out from Coastal yesterday with loss. Not counting yet I how much I have loss.
SEAL buy 50000 at 0.54 then sold at 55.5 cent. Manage to cut down the losses Then buy back 50000 at 0.54. Keep. Price close lower at 0.53cent.
Mistake learn
1. Don't chase fast moving stock
2. Don't buy much when the overall market down
3. If already buy, use hit and run. Don't wait till the price going down.
4. Sold first, then buy back at lowest that day. Sold when the price rebound( what I'm doing now) not necessarily you will make money. At least can cover of your losses.
5. Careful when buying high speculative stock
My holding:
Naim - down to 2.49
Jetson - down to 1.30
PJI - down 16.5 cent See what happen today. Maybe some cut loss today. Hope the market will recover some of the losses yesterday.
At 2.55pm I sold PJI 10000shares at 17.0cent. Very strong momentum seen. I buy back 100000share at 17.5cent. Clear SEAL at 53.5cent. Buy back at 52.0cent and clear at 53.3 cent. Jetson- down CMSB - flat ..i will top up cmsb if i have enough capital for rebound.See tomorrow to fly high....
Update 5.00pm
CMSB - down 1 cent ( 2.48 with low volume)
Jetson - down 1.28 ( buy today 10000 at 1.28)
PJI - closed 0.17cent ( buy 100000 at 0.175)
Whatever i buy all down and whatever i sold all up. Keep it - down, sell it - up. Sell early it's going up, hold it's going down..... Nasib???? Where is my luck ????
SEAL buy 50000 at 0.54 then sold at 55.5 cent. Manage to cut down the losses Then buy back 50000 at 0.54. Keep. Price close lower at 0.53cent.
Mistake learn
1. Don't chase fast moving stock
2. Don't buy much when the overall market down
3. If already buy, use hit and run. Don't wait till the price going down.
4. Sold first, then buy back at lowest that day. Sold when the price rebound( what I'm doing now) not necessarily you will make money. At least can cover of your losses.
5. Careful when buying high speculative stock
My holding:
Naim - down to 2.49
Jetson - down to 1.30
PJI - down 16.5 cent See what happen today. Maybe some cut loss today. Hope the market will recover some of the losses yesterday.
At 2.55pm I sold PJI 10000shares at 17.0cent. Very strong momentum seen. I buy back 100000share at 17.5cent. Clear SEAL at 53.5cent. Buy back at 52.0cent and clear at 53.3 cent. Jetson- down CMSB - flat ..i will top up cmsb if i have enough capital for rebound.See tomorrow to fly high....
Update 5.00pm
CMSB - down 1 cent ( 2.48 with low volume)
Jetson - down 1.28 ( buy today 10000 at 1.28)
PJI - closed 0.17cent ( buy 100000 at 0.175)
Whatever i buy all down and whatever i sold all up. Keep it - down, sell it - up. Sell early it's going up, hold it's going down..... Nasib???? Where is my luck ????
Tuesday, April 5, 2011
Again, same old style of investing
Today, my old style of investing come back again.. Make me losing money. He..he... I think my behaviour very hard to change when i see the screen of share price movement. Very tempting to buy everything.
At the end,you are not knowing what are buying.
I buy 7000 shares CoastaL - 2.64 BUT SELL AT 2.63.
then buying again 8000 shares at 2.65 BUT THEN SELL AGAIN 2.58
Stupid or not??? For sure stupid. The price going to 2.54 then going up again to 2.62 (at the moment).
SEAL
Buy 20000 - 68.5 cent (highest price today)
20000 - 68 cent
10000 - 67.5 cent
Will see, either i do thE stupid thing again or not.. Hah...hahh
PJI - down
Jetson - down
Naim - down
When market up, my share down.
When market down, for sure la my share down..
How to make money like this.... Risk and reward????
Monday, April 4, 2011
CMSB
I'm still keeping CMSB and selling looks taper down. So far, no any movement seen. I will keep till rebound. Price today still hovering around 2.53 and 2.54... Sarawak election is not in play at the moment. Should concentrate to oil and insurance counter.
PJI also not moving much today... accumulation to push higher...
I buy Jetson 10000 share today ( 1.35)...
at 2.20pm
Seeing the market today, 3 main themes played up today
1. Oil and Gas
2. Timber
3. IT
Sarawak ??? when...
At 5.00Pm
Haiya,all my shares are not moving. Klci up but my share down. Good write up at Peggy Blog today. Go and read.
See tomorrow.
PJI also not moving much today... accumulation to push higher...
I buy Jetson 10000 share today ( 1.35)...
at 2.20pm
Seeing the market today, 3 main themes played up today
1. Oil and Gas
2. Timber
3. IT
Sarawak ??? when...
At 5.00Pm
Haiya,all my shares are not moving. Klci up but my share down. Good write up at Peggy Blog today. Go and read.
See tomorrow.
Friday, April 1, 2011
Analysis 31/3/2011
CMSB-closed lower at-2.53. I'm still holding this stock in view of oversold and rebound imminent even though my cut loss already triggered. today still mainted at that level.
I bought PJI yesterday at 0.18(20000shares). No. profit...
2.45pm
CMSB still moving lower at 2.53 just now. Today is my T+3 for CMSB. Pick up or sell??? I think wait till next week.
How?? Cut loss..that always happen to everybody. When losing, it's so difficult to cut. When gain, so fast throw the shares. Moral of the story is gain small, loss big...Some people said its no discipline in trading. Ouch...
Plan to add PJI, queue at 17.5 cent.
EYE STOCK
Dayang -- chart look nice. Uptrend look intact.
I bought PJI yesterday at 0.18(20000shares). No. profit...
2.45pm
CMSB still moving lower at 2.53 just now. Today is my T+3 for CMSB. Pick up or sell??? I think wait till next week.
How?? Cut loss..that always happen to everybody. When losing, it's so difficult to cut. When gain, so fast throw the shares. Moral of the story is gain small, loss big...Some people said its no discipline in trading. Ouch...
Plan to add PJI, queue at 17.5 cent.
EYE STOCK
Dayang -- chart look nice. Uptrend look intact.
Thursday, March 31, 2011
AMEDIA
New IPO stock. Something going on. The price steadily increasing day by day. Worth looking into it.
Analysis 30/3/11
Nagamas - sold on 29/3/11. Yesterday, momentum going up and closed at 90.5 cent. Unlucky to me, i have sold that day. However, i managed to buy back at 86.5 but again sold early at 87.5. That always happen to me. Keep it, it will go down, sold then the price going up. That is happen to everyone. We can't predict the price movement.
DRB CE - i bought yesterday at 20.5 cent but released her at 21.0 cent. Again, always sold early. The price shot up to 24cent but closed at 23.5 cent. See how much i supposed to make profit. No excuse, sold is sold. No complaint.
CMSB - closed lower at 2.54. May go lower till 2.49. Then rebound back. See what happen today. Maybe i will shorting today.
HWGB - i bought this stock at 70.5 2 days ago. Again released her tooo early yesterday at 71.5 cent. the price shot to 75 cent but close lower at 73 cents. Again...again....sold early. Wednesday, March 30, 2011
CMSB
CMSB - forming doji yesterday. That mean CMSB forming double bottom. The risk is very low. Other indicator showing positive sign. Accumulate for reversal. Yesterday, i bought 5800 at 2.58 but sold at 2.61. Then i bought back at 2.58 with 6000 shares. Sarawak theme is still hot. The syndicate just ignore it temporarily to concentrate to timber stock at the moment. Wait for the next push. Nagamas- i sold Nagamas yesterday (10000shares at 0.83 cent) because i want to use capital to other stock but this stock still has potential to go higher. Need more patient................sure make money.
at 3.40pm
CMSB pushed down to 3.56. To cut loss if close below 3.55. Wait and see. Accumulating before pushed up. .
Tuesday, March 29, 2011
CMSB
I just buy CMSB 5800shares at 2.58. The selling looks going down. This one is for rebound. Cut loss at 2.55.
Manage to clear evergreen at 1.43 and 1.41. Nagamas not moving today. Wait for tomorrow to pushed up.
at 4.00pm:
Very sad to clear Evergreen to early. Pushed up to 1.52.. Oooo.yo..yo.. Missed so much profit. That is the market. Don't be greedy...
Analysis 28/3/11
Evergreen down 2 cents but the price still within symetrical triangle. Hope, it can breakout from triangle tomorrow.Nagamas- as expected up to 83cent today. Tomorrow will be pushed upwards. Be ready for cash...Ha..ha... I will clear at 90cent.
Monday, March 28, 2011
Evergreen
I ust buy Evergreen 10000shares at 1.38. The chart loook nice, forming symetrical triange pattern. So, expected breakout from this triangle.....
News for 28/3/11
By Adeline Paul Raj Published: 2011/03/28 KL bourse's upward trend may continue The Malaysian stock market is expected to continue its upward climb this week albeit at a slow pace, with investors focused on small- to mid-sized stocks. Last week, despite concerns about the impact of an earthquake and tsunami on Japan, a war in Libya and high oil prices, the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) gained 0.8 per cent week-on-week to 1,515.55 points.Wall Street too was up, with the Dow Jones Industrial Average gaining 3 per cent to close the week at 12,220.60, boosted mainly by a stronger corporate earnings trend and a drop in jobless claims."Some semblance of price stability has returned, but the local market remains uninspiring."The FBM KLCI is creeping up slowly as a result, while world markets climb the 'Global Walls of Worry'," Maybank Investment Bank's (MIB) head of retail research Lee Cheng Hooi said in a note to clients last Friday. He expects the index to remain in "a minor rebound" mode in the short term and to be bearish in the medium term.Vivian Loh, a fund manager at TA Asset Management Bhd, said the market should be "sustainable" this week, barring any shocks on the external front."Local fund managers are not buying in a big way, but seem quite determined to hold up the market," she remarked.Selected small- and mid-capitalised stocks are expected to continue to be in play this week, as will some speculative stocks, and these will outperform blue chips. These include election-related stocks in the construction, infrastructure, and oil and gas sectors. Stocks that MIB deems to be on an uptrend include AirAsia, APM Automotive Holdings, Cypark Resources, Boustead Holdings, Esso Malaysia, Petronas Chemicals Group and Yi-Lai. It sees obvious support for the index at 1,513 and resistance at 1,529. Read more: KL bourse's upward trend may continue http://www.btimes.com.my/Current_News/BTIMES/articles/btb25/Article/index_html#ixzz1HqdRc3WD
Friday, March 25, 2011
Analysis 25/3/11
Today, i buy Nagamas as i planned before. I buy 10000share at 0.82 cents but it closed at 0.81cent. However, it still closed above uptrending line. My cut loss point will be at 0.79 cent.Wait and see on Monday for rebound. No other transaction today since i'm busy buying thing in market and settle some matter in bank. Afternoon, i also busy with my job. No profit today.
Eyeing stock:
EAH - new IPO with price pressed down. Look like some activity happening. Maybe in my list next week. Reason: volume incrasing and price also slowly increasing. Good signal.
Thursday, March 24, 2011
Eye of Stock
Nagamas - I plan to buy it tomorrow. The chart still look nice. Selling become lesser. Still closed above uptrend line.
Analysis 24/3/11
Today, i cleared all my DRB-CE at 0.175 cent(50000 share) and 0.18 cent(31500share). I thought i want to do shorting but the price well supported at 0.175 and closed at 0.18. I think somebody collected. I will loook again tomorrow. JETSON --> i buy this counter at 1.18. I sold it at 1.17. Profit taking set in too fast. Pushed up to 1.21, then slowly down. No luck...
Analysis 24/3/11
Today, i cleared all my DRB-CE at 0.175 cent(50000 share) and 0.18 cent(31500share). I thought i want to do shorting but the price well supported at 0.175 and closed at 0.18. I think somebody collected. I will loook again tomorrow.
JETSON --> i buy this counter at 1.18. I sold it at 1.17. Profit taking set in too fast. Pushed up to 1.21, then slowly down. No luck...
JETSON --> i buy this counter at 1.18. I sold it at 1.17. Profit taking set in too fast. Pushed up to 1.21, then slowly down. No luck...
Analysis 24/3/11
Today, i cleared all my DRB-CE at 0.175 cent(50000 share) and 0.18 cent(31500share). I thought i want to do shorting but the price well supported at 0.175 and closed at 0.18. I think somebody collected. I will loook again tomorrow.
JETSON --> i buy this counter at 1.18. I sold it at 1.17. Profit taking set in too fast. Pushed up to 1.21, then slowly down. No luck...
JETSON --> i buy this counter at 1.18. I sold it at 1.17. Profit taking set in too fast. Pushed up to 1.21, then slowly down. No luck...
Handal
Handal - chart closed above MA200. That mean buying signal for this stock. The other indicator also showing positive sign.
Wednesday, March 23, 2011
Analysis for 23/3/2011
Mpay pushing up very well yesterday. Unfortunately, i sold it at 20.5 cent though the price pushed up to 24 cent. But in market, don't be too greedy. Some time the syndicate will push up to the sky, then suddenly down back below opening price.
That always normally happen. I think MPAY will be up little bit tomorrow then down slowly. Be ready with your cash.
DRB CE- stagnant. Mother also stagnant. Upside still there. I managed to sell at 17.5 cent and buy back at 17cent and 16.5cent. I may be keep this one for long term investment since its huge discount compare with other warrant.
That always normally happen. I think MPAY will be up little bit tomorrow then down slowly. Be ready with your cash.
DRB CE- stagnant. Mother also stagnant. Upside still there. I managed to sell at 17.5 cent and buy back at 17cent and 16.5cent. I may be keep this one for long term investment since its huge discount compare with other warrant.
Nagamas
When i'm looking for the chart today, accidentally i saw one nice chart that i consider to buy it since the chart trend looks ver nice. The counter i mean is Nagamas. I don't know much about fundamental of this company. Check yourself Please see below.
..
..
Tuesday, March 22, 2011
OSK Top 10 Defensive Stocks Picks for Volatile Market
Stock Picks 22nd March, 2011 | 178 Views | No Comments »
OSK still maintain year-end 1680-pt KLCI target. However, they note that there are increasing market volatility in the short term. Investors with a lower risk appetite and shorter investment horizon may want to focus on defensive and dividend yielding plays.
OSK Top 10 Defensive Buys, which have dividend yields exceeding 4%, are from a broad range of sectors including Consumer, Healthcare, Media and Logistics.
OSK Top 10 Defensive Stocks Picks are,
Stock Business Dividend Yield Current Year (%) Forecasted PER (x) Last price (RM) Fair Value (RM)
Yi-Lai Manufacturing ceramic tiles 12.1 7.5 0.825 0.98
Aeon Credit Financing for motorcycles and white goods 9.2 6.6 3.8 4.35
DiGi.Com Mobile telecommunications services 7.6 16 27.46 27.9
Berjaya Sports Toto Number Forecast Operator 7.2 16.5 4.15 4.51
Amway Multi Level Marketing 6.9 15.9 8.5 11.05
Freight Management Logistics provider 6 6.4 1 1.4
Public Bank Financial Services 5.5 12.7 13.02 14.2
Pos Malaysia National Postage Services 5.2 12.9 3.18 4.12
Petronas Gas Processor and Transporter of Natural Gas 4.9 15.2 11.3 13.56
Media Chinese Chinese language publisher 4.7 12.7 1.14 1.65
KPJ Healthcare Private Hospital Services 4.2 15.4 3.84 4.62
Source : OSK Research
OSK still maintain year-end 1680-pt KLCI target. However, they note that there are increasing market volatility in the short term. Investors with a lower risk appetite and shorter investment horizon may want to focus on defensive and dividend yielding plays.
OSK Top 10 Defensive Buys, which have dividend yields exceeding 4%, are from a broad range of sectors including Consumer, Healthcare, Media and Logistics.
OSK Top 10 Defensive Stocks Picks are,
Stock Business Dividend Yield Current Year (%) Forecasted PER (x) Last price (RM) Fair Value (RM)
Yi-Lai Manufacturing ceramic tiles 12.1 7.5 0.825 0.98
Aeon Credit Financing for motorcycles and white goods 9.2 6.6 3.8 4.35
DiGi.Com Mobile telecommunications services 7.6 16 27.46 27.9
Berjaya Sports Toto Number Forecast Operator 7.2 16.5 4.15 4.51
Amway Multi Level Marketing 6.9 15.9 8.5 11.05
Freight Management Logistics provider 6 6.4 1 1.4
Public Bank Financial Services 5.5 12.7 13.02 14.2
Pos Malaysia National Postage Services 5.2 12.9 3.18 4.12
Petronas Gas Processor and Transporter of Natural Gas 4.9 15.2 11.3 13.56
Media Chinese Chinese language publisher 4.7 12.7 1.14 1.65
KPJ Healthcare Private Hospital Services 4.2 15.4 3.84 4.62
Source : OSK Research
Stock analysis 22/3/2011
MPAY - i buy this stock at 0.195. Reason: sign of recovery seen with yesterday doji. New IPO stock which was pressed down from 0.285 to 0.175. Today up 1.5 cent with closed at 0.195.
DRB CE - Buy at 0.175 (50000) and sold at 0.18. Manage to get some profit today. Unlucky not queue to sell at 0.185. Reason buying: still long time to expire and huge discount compared with other warrant. I don't understand why people are not chasing this warrant???
I buy back at 0.175 (50000).
Making small profit today
Today, i buy only two stock.
1. MPAY - new IPO stock which was pressed down to.0.175 cent. Sign of recovery seen with doji yesterday. Today up 8.3% (1.5 cent) to 0.195. I buy at 0.195 cent (20000 shares). Tomorrow will be pushed up further to 0.215 cents.
1. MPAY - new IPO stock which was pressed down to.0.175 cent. Sign of recovery seen with doji yesterday. Today up 8.3% (1.5 cent) to 0.195. I buy at 0.195 cent (20000 shares). Tomorrow will be pushed up further to 0.215 cents.
Stock for today
I plan to buy Handal today. Reason: Stochastic +ve, RSI increasing and oVersold.
See the chart below:
Sarawak Stock
See the chart below:
Sarawak Stock
Monday, March 21, 2011
Sarawak Election Stock Coming
Yeah, i'm lucky today. Just clear Naim at 3.29 (3000) and 3.30(3000shares).Now the price drifting lower at 3.24 and i think will be maintained at 3.24 or 3.25. I bought Naim share last week at 3.08. Thank to CPTEH blog for highlighting the stock. After some time, i'm so lucky today. Feel really excited and enjoy. It's typical character of small time investor.
Saturday, March 19, 2011
Buy and Exit
Interesting Article - Entry and Exit
Many experienced traders would tell you that in trading of stocks, exit is more important than entry. They think so because they know the way of low risk entry and are adopting a low risk high probability entry setup. But to other investors and traders, entry would be more important than exit, because the entry point likely the time when mistakes are made resulting in losses. It would be better to avoid entry decision mistakes than making a mistake in exit.
Exit is important to realise the gains or to preserve capital and to avoid too heavy losses, but entry will be important in reducing risks and avoid losses or holding the capital idling in the stocks for a long time with the sentiment of hope, and sometimes more losses in the process of waiting and hoping. Probably the most important investment decisions made by active traders are to determine the optimal points of entry and exit, as the price of entry and exit will depend the ultimate gains or losses. It is of vital importance to active traders to plan their traders and trade on their plan. The plan for entry and exit is call a trade setup. A smart trader would evaluate and select their setup strategy to gain more confidence in winning a trade with a lower entryI would bring out the various possible setups that we may use, and entry and exit signals that we may see from the charts that may help traders find their own plan of entering and exiting a trade based on reading and interpreting charts. It is for the individual trader to select the best setups that may suit their individual trading style. What are the basic tools to execute an entry and exit setup? It depends on each trader and the knowledge and skill the trader has. But it will be all about charting, and a bit about fundamental analysis. The below are my basic tools, and probably I do not need to learn more, and it is better for me to master all of these rather than learning more. 1. The price and volume daily chart with your trend lines to determine the support and resistance level - just trend lines and refined by Fibonacci Retracement Lines and longer term weekly chart.2. Looking at the candlestick pattern to determine bullish, bearish reversal or trend continuation pattern3. The above 2 can be supported or confirmed by other technical indicators like MA crossovers, Bollinger Band, Stochastic and MACD4. Looking into the volume bars to assess the reliability of the above 3. If the volume is very low, the signals shown are likely not reliable signals. When should be the most desirable entry and exit points?There are basically two key setups for entering and exiting a trade - enter at support of at a breakout from a resistance, and exit on reaching resistance pr breaking down from a support. But there are variations under each setup that a trader may adopt based on their trading style, risk appetite and available capital for trading.
A. Entry SetupsEnter at support1. Enter on support on an downtrend when the volume has been exhausted - an indication of no supply. But this may mean a long sideway price movement, though the downtrend may stop.
2. Enter when the price bounces up from support after a pull back new to support from a higher high. This is the correct interpretation of buying high and sell higher. But the more entry signals one can see, the more reliable and high probability of a successful entry. 3. Enter when the price completes its downtrend to a point (ideally a support) that could be a strong base for a rebound. This is good for fundamentally sound stock but trading at a discount to a fair value, but facing temporary setbacks like lower profits etc. Since this stock is fundamentally sound, even a wrong decision may not impact in a loss, as this stock would likely be a position stock or for long term investment. Enter at breakout1. Enter upon a breakout from the major or minor resistance to a new level, like break out from a chart pattern, MA cross over, or stochastic cross over etc. But beware of large price bars that may mean distribution, especially when the stock is continuing the uptrend. 2. Enter when the price breakout with increased volume after a long time of sideway low volume activity (shown by narrow price bars and a breakout from a narrow Bollinger Band). This setup will give the highest reward, if a good fundamentally sound stock is selected, as entry in a narrow trading band with low volume will be like following the professionals in quiet accumulation. Of course the investor is expected to hold the stock.
1. Exit on reaching resistance if entry is at support on a uptrend. This is a setup of buy on support and sell on resistance that will make your capital turning around faster than riding on the profits that may not turn out to increased profits.
2. Exit when you see a sign of distribution with huge volume big spread price bar, unless there is a new tight trailing stop set. It is better to let go of the greedy sentiment and take profits, if the trader is not sure.
3. Exit when there are confirmed signals of exit from candlestick pattern, bearish reversal patterns or any other reversal signals. Note that it is better to have other exit signals like MA cross over or stochastic as confirmation.
Exit on breakdown from a support
Exit at stop loss set upon entry or at a trailing stop on a continuous rising trend. Stop loss is to preserve capital if the entry decision does not turn out to be right. A trailing stop will be useful to ride on the profits especially when there is no resistance in sight when the price is at all time high.
Exit Based on Fundamental Valuation
Exit when valuation is reached, unless the chart shows a continuation of uptrend - applicable when the stock price is at a highest record with no resistance level.
Exit on a pre-set price target
This is what most investors without technical analysis knowledge, or traders without technical analysis knowledge may do.
Final Note:
Entry and Exit plan is essential for active traders, and the setups should be used for those stocks that are not for long term investment. These stocks are often listed stocks under theme play and with heavy coverage by analysts and brokers to stimulate the stock market. As the professionals involved in these stocks are fund managers, watch closely at the valuation like fund managers do, and better looking forward to have a better valuation to be ahead of other traders to have a better entry and exit decision.
The entry setups may also be applicable for long term investment stocks for continuous accumulation because of the low public float, but the exit setup may not be suitable for these illiquid fundamentally sound stocks, which normally are stocks seldom covered by analysts and brokers.
Sun Tzu say:One who knows when he can fight, and when he cannot fight, will be victorious
Many experienced traders would tell you that in trading of stocks, exit is more important than entry. They think so because they know the way of low risk entry and are adopting a low risk high probability entry setup. But to other investors and traders, entry would be more important than exit, because the entry point likely the time when mistakes are made resulting in losses. It would be better to avoid entry decision mistakes than making a mistake in exit.
Exit is important to realise the gains or to preserve capital and to avoid too heavy losses, but entry will be important in reducing risks and avoid losses or holding the capital idling in the stocks for a long time with the sentiment of hope, and sometimes more losses in the process of waiting and hoping. Probably the most important investment decisions made by active traders are to determine the optimal points of entry and exit, as the price of entry and exit will depend the ultimate gains or losses. It is of vital importance to active traders to plan their traders and trade on their plan. The plan for entry and exit is call a trade setup. A smart trader would evaluate and select their setup strategy to gain more confidence in winning a trade with a lower entryI would bring out the various possible setups that we may use, and entry and exit signals that we may see from the charts that may help traders find their own plan of entering and exiting a trade based on reading and interpreting charts. It is for the individual trader to select the best setups that may suit their individual trading style. What are the basic tools to execute an entry and exit setup? It depends on each trader and the knowledge and skill the trader has. But it will be all about charting, and a bit about fundamental analysis. The below are my basic tools, and probably I do not need to learn more, and it is better for me to master all of these rather than learning more. 1. The price and volume daily chart with your trend lines to determine the support and resistance level - just trend lines and refined by Fibonacci Retracement Lines and longer term weekly chart.2. Looking at the candlestick pattern to determine bullish, bearish reversal or trend continuation pattern3. The above 2 can be supported or confirmed by other technical indicators like MA crossovers, Bollinger Band, Stochastic and MACD4. Looking into the volume bars to assess the reliability of the above 3. If the volume is very low, the signals shown are likely not reliable signals. When should be the most desirable entry and exit points?There are basically two key setups for entering and exiting a trade - enter at support of at a breakout from a resistance, and exit on reaching resistance pr breaking down from a support. But there are variations under each setup that a trader may adopt based on their trading style, risk appetite and available capital for trading.
A. Entry SetupsEnter at support1. Enter on support on an downtrend when the volume has been exhausted - an indication of no supply. But this may mean a long sideway price movement, though the downtrend may stop.
2. Enter when the price bounces up from support after a pull back new to support from a higher high. This is the correct interpretation of buying high and sell higher. But the more entry signals one can see, the more reliable and high probability of a successful entry. 3. Enter when the price completes its downtrend to a point (ideally a support) that could be a strong base for a rebound. This is good for fundamentally sound stock but trading at a discount to a fair value, but facing temporary setbacks like lower profits etc. Since this stock is fundamentally sound, even a wrong decision may not impact in a loss, as this stock would likely be a position stock or for long term investment. Enter at breakout1. Enter upon a breakout from the major or minor resistance to a new level, like break out from a chart pattern, MA cross over, or stochastic cross over etc. But beware of large price bars that may mean distribution, especially when the stock is continuing the uptrend. 2. Enter when the price breakout with increased volume after a long time of sideway low volume activity (shown by narrow price bars and a breakout from a narrow Bollinger Band). This setup will give the highest reward, if a good fundamentally sound stock is selected, as entry in a narrow trading band with low volume will be like following the professionals in quiet accumulation. Of course the investor is expected to hold the stock.
1. Exit on reaching resistance if entry is at support on a uptrend. This is a setup of buy on support and sell on resistance that will make your capital turning around faster than riding on the profits that may not turn out to increased profits.
2. Exit when you see a sign of distribution with huge volume big spread price bar, unless there is a new tight trailing stop set. It is better to let go of the greedy sentiment and take profits, if the trader is not sure.
3. Exit when there are confirmed signals of exit from candlestick pattern, bearish reversal patterns or any other reversal signals. Note that it is better to have other exit signals like MA cross over or stochastic as confirmation.
Exit on breakdown from a support
Exit at stop loss set upon entry or at a trailing stop on a continuous rising trend. Stop loss is to preserve capital if the entry decision does not turn out to be right. A trailing stop will be useful to ride on the profits especially when there is no resistance in sight when the price is at all time high.
Exit Based on Fundamental Valuation
Exit when valuation is reached, unless the chart shows a continuation of uptrend - applicable when the stock price is at a highest record with no resistance level.
Exit on a pre-set price target
This is what most investors without technical analysis knowledge, or traders without technical analysis knowledge may do.
Final Note:
Entry and Exit plan is essential for active traders, and the setups should be used for those stocks that are not for long term investment. These stocks are often listed stocks under theme play and with heavy coverage by analysts and brokers to stimulate the stock market. As the professionals involved in these stocks are fund managers, watch closely at the valuation like fund managers do, and better looking forward to have a better valuation to be ahead of other traders to have a better entry and exit decision.
The entry setups may also be applicable for long term investment stocks for continuous accumulation because of the low public float, but the exit setup may not be suitable for these illiquid fundamentally sound stocks, which normally are stocks seldom covered by analysts and brokers.
Sun Tzu say:One who knows when he can fight, and when he cannot fight, will be victorious
Come back
Sorry for not updating my blog for some time. I want to take some time to think, analysing, soul searching and make some modification to my trading strategies. I lost so much money in the KLSE due to my stupidity, not well planning, not discipline and buying wrong time with wrong counter. At the moment, i still holding some stock but all in paper loss. Some more than 75% from buy time, some 50% from buying price. Even though, my holding is not so much but capital depreciation is very significant.
Yesterday, i bought Naim - 6000shares (3.08). I don't know my decision is correct or not. Waiting for push up due to Sarawak Election. I hope so...This is hoping strategy. He..he...
Yesterday, i bought Naim - 6000shares (3.08). I don't know my decision is correct or not. Waiting for push up due to Sarawak Election. I hope so...This is hoping strategy. He..he...
Tuesday, January 4, 2011
Again... Lack of patience
Ha..ha...Always lack of patience to take early profit. Maybe old experience had changed my mindset to do that. Normally, when the stock increased, we will wait till up to the maximun but in reality we don't know how high the stock will go. So, as long as you make money then it's okay. Don't lose money.
The start of 2011 is a good year for me and also KLCI. I made some profit yesterday by buying DRBHicom, unfortunately taking profit so early.
Stock at hand:
Support - show abandoned baby (read here http://www.mysmp.com/technical-analysis/abandoned-baby.html link. Hope rebounded soon.
The start of 2011 is a good year for me and also KLCI. I made some profit yesterday by buying DRBHicom, unfortunately taking profit so early.
Stock at hand:
Support - show abandoned baby (read here http://www.mysmp.com/technical-analysis/abandoned-baby.html link. Hope rebounded soon.
Monday, January 3, 2011
Investing in 2011
Welcome 2011.
2010 is my bad year in investing. Even though our market up to >1500, my return is in negative. What a bad year for me...My weakness
1. Not enough capital
2. No patience
3. No cut loss plan
4. Buying no value stock
5. Over buying
6. No discipline
So 2011, i will concentrate more on that weaknesses. Hope i will success in investing.
2010 is my bad year in investing. Even though our market up to >1500, my return is in negative. What a bad year for me...My weakness
1. Not enough capital
2. No patience
3. No cut loss plan
4. Buying no value stock
5. Over buying
6. No discipline
So 2011, i will concentrate more on that weaknesses. Hope i will success in investing.
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