Wednesday, April 25, 2018
Asiafile : Peaked at Feb2016 and downtrending since then ... for 2 yrs now. See if it will break RM2.50 level.
Pelikan : Broken 70cents and seeing new low ...
Dolphin : From 80plus ... now trading at 10cents. Terrible IPO ... issued at 68cents.
Note : I m omitting CSL (as he is no longer heading MCA).
Nothing much ... but reading and relax.
Tuesday, April 24, 2018
Jtiasa : closed at 80cents ... downtrending.
TDM : At 33.5cents now ... downtrending.
THPlant : At 79.5 ... downtrending.
TSH : At 1.37 ... downtrending.
RSawit : at 31.5cents ... sideway after continuation of downtrend.
Monday, April 23, 2018
HengYuan : Rebounded 50% recently ... now we shall see if it would be back to RM6 and break lower ...
Hibiscus : rebounded 30% ... see if will break 70cents ... and going lower.
Huaan : rebounded about 50% ... now, see if coming back to 30cents level. Today closed at 38cents.
Note : I will always watch this three ... as they are infested by retailers.
Morning ... should I say, noon.
KLCI minus 7points ...nothing much tho I have few queues to buy.
example : HengYuan, Ekovest, Masteel ...
Eforce : some people like her ... don't know why. Anyway, today ... try to buy at support RM1. get it? We do not chase when it is up ... we sell at RM1.20 resistance, patiently wait for it to retrace back to support ...
It is not easy to 'DO NOTHING' but I m fully in cash ... doing nothing ahead of GE14. Ini kali lah ... or lain kali je ...
whatever we like for whatever reason(s), we can wait ... being PATIENT is important in investing or trading.
While waiting ... we read. We plan ... and prepare.
There are many quotes about being PATIENCE ... and it is very hard to stay 'being patient'.
DCA : This morning I was giving my trading-group a simple lesson on dollar-cost averaging , which is widely used in Unit-Trust funds or those 'no-brainer' way of investing(into good stocks). I used MALAKOF as an example
Malakof : Assuming we bought end-dec at 98cents (RM10k) and end-mac at 89cents (another RM10k) .... we would have average of about 93cents. We do not care about the price .. we will continue to buy RM10k for every 3 months. Next buy would be end-June ...another RM10k at WHATEVER price ... that is averaging it (up or down).
If the price is lower, we could accumulate larger units ... and pull-down our average price. Intention is to HOLD ... and sell only when it is 'over-priced'.
Even when we started to buy Malakof at RM1.50 ... we are not supposed to be worry ... as we are investing regularly. Markets will swing up-down .... as investors, we stay invested.
Note : I m just giving a simple illustration on DCA ... which personally, I disagreed. And Malakof is just an example ... not to say I like her.
So ... even if we are doing DCA, we have to be PATIENT.
I do not have e-meeting for past 1-2 weeks as I m stay aside, nothing to buy stance. Will like to share DCA method ... one day.
Have a good week ahead.
Thursday, April 19, 2018
Good morning to a gap up of KLCI. wow. we breakout ... and going to new high soon.
KLCI is breaking higher ... 1886 at the moment.
But it is not a broader bull ... just selected index-linked bluechips ... haha. Malaysia boleh kinda spirit.
Ok ... wont be trading till election.
Have a nice rest week.
Monday, April 16, 2018
Sunday, April 15, 2018
Syria : US and gang bullied Syria yesterday ... and done in a day. We shall see how that would shake the markets but the crude-oil is rallying due to the tension.
Karex : Sideway now ... ranging from 75cents to 82 cents. Will it breakout of the range? We shall watch. Technically, it is not a buy, either. We shall see if it could break above 83cents.