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Tuesday, September 30, 2014

RSI : How we could use RSI









I will be having an e-meeting around 9.30pm later for all those in my trading group :

https://www.facebook.com/groups/cpteh/

Add yourself in if u wish to join(free).

TEH

Monday, September 29, 2014

A good trading day




Scicom : It hit 1.96 higher, before retracing last week and I grabbed at 1.90 average. Luckily many followed ... and for those who missed, today is a buy too ... as it breakout of 1.96. When to sell? See if sky is the limit ... but as a trader, I will sell ... only to buyback, if possible.


SKPres : This is one good catch in the morning 0.64-0.66 ... but I dislike the attention, so I sold before closing price at 71cents. Then, only they suspended the counter!! Something up?

SKPres-wa : I sold at 22.5, 23 cents ... as I bought last week at 20cents level. Then, it breakout of 23cents ... so, I grabbed back 24-24.5cents. Still holding ... will it gaps up tmr? SELL and saying thank you.


PMetal : Simply like the selling volume last Friday. So, I bought RM5.51 ... sold and bought back closing price RM5.85. Well, this morning it was sold at opening price RM6.10, it came down and I bought back RM6.05 average, only to sell again at RM6.25. It went to RM6.37 high ... and I let her go as I was busy with SKPres.


PMetal-wc : Nice rebound ... sold at opening RM4, bought back RM4.15 only to sell at RM 4.28(some bought last Friday with me sold at RM4.28 too). It hit RM4.34 ... but closed RM4.20.

At the moment, I am out of PMetal but it will still be a good stock to watch to trade. This is what I was teaching others about technical-rebound and last Friday, PMetal satisfied most of my rebound play. WHACKED.



GHLSys : I started to trade her when it broken the resistance 1.03 ... then, it gapped up, I sold 1.15. And waited for it to break 1.15 ... grabbed back last week ... and today sold RM1.29.

Add positions to good trades, SELL those lagging and/or not good ones. Ride on the trend.

To join my stock-watch group, contact me at cpteh@yahoo.com as it is month-end now.

TEH

Stock Watch : SKPress and wa


Monday morning ... zzz ... kinda sleepy.

PMetal : Sold during opening RM6.10 ... good trade, and will be buying back later.

PMetal-wc : Sold during opening RM4 ... another good trade done. Wait.


SKPres : Breakout this morning ... bought at 64-66 cents so far today.


SKPres-wa : Bought 19-20cents last week. Today added at 21.5cents so far. Sell part at resistance 23cents ... still in q ...

For those interested to join my stock-watch, contact me at cpteh@yahoo.com as it is a new October month!

TEH

Sunday, September 28, 2014

Stock Watch : PMetal and wc




PMetal : two long black-candles ... catching a knife? Lower could go lower ... but, it is killing many retailers and some panic selling seen last Friday. Some acquired below RM2-3, still good profits but those chasing up above RM5-6 could be selling for smaller profits ... those just bought at RM7, now it is below RM6. It closed at RM5.85.

On Friday, it hit RM5.32, that is about 15% down in a day. Support at RM5.20, so ... I queued at RM5.20. It was there around RM5.40 level for a while before some buying coming in, it shot to RM5.50 when I told the group I am buying. Done ... and I parked to sell RM5.65 ... done in half hour, and bought back RM5.72 and sold RM5.92 .... it was very fast-furious.

I bought some during closing RM5.85. Yes, I have warned all of the risk. So, if some following ... trade at your own risk.



PMetal-wc : Tracking the mommy, this is the baby ... for risk-takers, we could consider to trade the warrant(s). But it is sharply down ... so , the risk is very high. The rebound from the lowest 3.36 to closed at 3.79 = 46cents. That is 10% trade in a day? Why not?

If I have the time, I will want to read some comments from some forums related to PMetal. I believe there is some sell call around, and some might have panicky sold their stakes on Friday. The volume was huge!!

Having running nose, red-eye ... I need to sleep.

Trade at your own risk.

night.

TEH

Being easy and being right



It is not easy to be right, so it is right to take it easy.


"How to simplify your life" ... reading this book again.




It is not easy ... to take it easy. So, I m listening to move my life into easier ... rather than trying to be right. There is no right-wrong.




1. ENOUGH : Yes, I have more than enough. That is ME .. I m easy to be satisfied. Riding a 'kapcai', makan at kopi-tiam, simple t-shirt ... and books for me to read, internet for me to blog. So, due to my ''enough'' ... I do not have the wants to have more. As I could afford a little better now, say ... to buy a bigger bike(I do like bikes) or having dinners at restaurants ... I do not see it as a necessity at all. So, I still continue to ride my old kap-cai and when I m alone, I will have simple wan-tan mee at any kopi-tiam.

2. GRATITUDE : Yeah ... I always remind myself to be ''thankful'' ... from not having anything much, to more than enough. So, feeling thankful to many around me ... making me a happier person. I do always remind my wife too, as we do not have what money could buy merely 3-4 years ago. Now, she could have what she wants ... kids could have what they want too. Being thankful ... then only we could feel happy.

3. BE YOURSELF : I want to maintain being myself ... and the way I write here, in my own blog. I do not wish to follow other ''styles'' and writing with hidden agenda. Those so-called more professionally written blog. I prefer my blah-blah blog ... as that is ME.



4. PRESENT : This is easier said that done ... as thoughts still in some past experiences and/or thinking of future planning. That could cause anxiety ... so, I need to keep moving ... and stay in present.

5. BE FLEXIBLE : Yes ... something I need to learn and learn it well ... there are nothing I could do to change others or the way they think. I have to accept that ... I could not please everyone, but I should please myself.

6. SAY NO : This is something I need to learn to say ... NO. Being too good to many will take my TIME and ENERGY. So, I do need to protect myself ... by saying NO.

Well ... I have red-eye for 3 days, cancelled classes. Luckily I have postponed the trading workshop(to next month) ... and having so much time ... napping ... and thinking ... I have to decide to SIMPLIFY my life.




It is not easy to stay simple ... but that is the right way of living. Having life too full with tiny matters will drown us ... while we might miss the main matters.


http://modernmanmeditation.com/101-different-ways-to-simplify-life/

Have a nice week ahead.

TEH

Thursday, September 25, 2014

My oh MyEg at new high



Chart of MyEg : I was collecting at RM3.20 level after the inverted hammer. Gap-up and I just sold at RM3.65 ... at RM3.71 now ...how high could it shoot-up? RM4 is coming ... something is up, might be the budget-rally?

worth watching to trade.

TEH

Comments on my blog

There are about 15 comments in my blog, and I didn't realize it till just now, when I was resting ... nothing to do much except checking my own dashboard. Arrghh ... sorry for the late ''approval'' as it is not that I want to ignore some of the comments, but I didn't check. Really. I am such an IT-idiot, absent minded too ...

Relaxing ...



Anyway, I will like to reply to some of the comments

On JCY by Dom : Good piece of eye-opening advice.

Glad that you like that ... yes, you may go to the dates I have shown, check in i3(JCY post) ... and you will see me commented there before. As I no longer in i3, I do not know the latest stories there regarding JCY. But, yes ... the post is meant for newbies who might be blindly following some stock runners there. Remember, stories are meant to push up or down a stock.

Got to run .. will come back to reply a few more comments.

TEH

Tuesday, September 23, 2014

Bear Day, Lazy Day

Morning ... at home. Getting lazier ... listening to some clips regarding trading.

KLCI dived  ... minus 12 points, recovering to minus 7 now.

I wanted to write about 'life' being a trader ... but I could not gather my thoughts. clustered. congested.

I feel that without self-discipline, self-employed(S) is difficult for many. We are so used to being employed, hectic days ... packed with schedules. Now, I m free to make my own schedules. Many things to be done ... but, we will get lazy if we stay at home ...zzz ...

According to Jesse, never say it is a bullish or bearish market. haha



ok ... let us search about Jesse Livermore.

http://www.jesse-livermore.com/

To give you a brief taste of where we will go, here are some comments from Jesse Livermore himself:

"The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the man of inferior emotional balance, or for the get-rich-quick adventurer. They will die poor."

Those are words from Jesse which has been with me for 3-4 yrs now. Each time I am getting lazy, I will remind myself of him. Haha ...

I do many stupid mistakes ... and if I continued to be stupid, I will die poor.

I will always say NO to get-rich-quick ... thanks to my sifu, Jesse's words.

Inferior emotional balance ... interesting topic to write about. Many in markets having this issue, and over the years, I have to remind myself about not being inferior. It is a mindset shift.

"...the fruits of your success will be in direct ratio to the honesty and sincerity of your own effort in keeping your own records, doing your own thinking, and reaching your own conclusions."

So, we must keep our records. I called it trading-journal.

"I am tired of hearing the public and papers blame Wall Street for parting fools from their money... It's the successful business man who is the biggest sucker of the lot. He has made a fortune in his own line. How? By being on the job for years; by learning all there was to know about it; by taking reasonable chances; by utilizing his knowledge and experience to anticipate probabilities. He wants to increase that fortune at a faster rate and with less effort."

Blame ... blame ... blame. Blaming the remisiers/dealers, blaming the IB's reports, blaming those given them tips, blame bloggers for pointing guns to their head to buy, blaming someone's analysis in-accurate as they are losing money ... emm ... blaming the media, the companies'management ... blame on the not-so-good market sentiments ... blame on the anything and anyone EXCEPT themselves.

On the other hand, we should learn the tricks-n-trades. Media may be yelling at us to BUY or SELL, we learn to be analytical ... and use our own judgment to make decision. It is fully our responsibilities. We use our knowledge, experiences to take reasonable chances and think in probabilities. Yes, I do learn well from Jesse Livermore ... and will read his book "How to trade stock".

Ok ... one may buy that good book to read(I prefer books) or read from some websites.

Time for lunch ... and hope to pick up my pace!!

TEH




Monday, September 22, 2014

Good and Bad Habits of Smart People

Morning ... it is Monday blues ... and I m feeling it.

I know I m no longer rushing to 8am class ... it is that feel when Liverpool lost, and this is consecutive two losses now : vs Villa and WHU. sigh.

Then, I didn't realize that I was wearing 'blue t-shirt'. So, I took a selfie. haha.



Ok ... let me see ... KLCI is not going anywhere ... so, let us listen to songs, read some books and take a nap?




Listen to the clip above.

My IQ was around 125, the last time I tried online-IQ-test. It was comprehensive and paid-version. I tried few times and that was the average. So ... ok, average IQ is around 100, I m slightly so-called higher IQ than average. So what?? Simply because I m very good in Math? By the way, the IQ-test consist of 6 parts ... I could easily failed in the ''language'' section. haha.

I was NOT good in Math during my younger age, before form 4. But, I worked extremely hard ... doing Math questions in daily basis for hours!! Silly me ... but, I was persistence. I do not want to be seen as ''bad'' in my Math grades. I have mentioned many times on how I worked my a*s-off during my form 4 ... to be good  ... then, excel in Maths.

Persistent : That is the attitude. I am very persistent in what I m putting my focus in. I have mentioned many times too how I started to be in KLSE merely 6 years ago. VERY persistent and learning in daily basis. Still do ... so, I m a persistent person. once my mind is set, I will put my efforts on it ... I can write a whole blog-post about PERSISTENCE

Set Goals : Yes, I do ... and I don't mind sharing with others. When I said I m going into stock-markets, that could freak-out many closed to me(my family) ... and I shared my trading goals here for past 6 years?? One new reader may read my posts written in 2008-2009. I have evolved. Haha ... ok ok ... 76% more likely to achieve my goals. So, I am going to write few blog-posts on my goals!! I wont mind the whole world laughing at my goals ... as constructive comments will give me good ideas and majority (80%) of the population are non-achievers, losers in stock-markets ... hmm ... so, if they laugh ... we shouldn't bother, right? Just share our dreams la ...

Avid readers : Yes ... I have more than 100 financial, trading, investing related books ... I do NOT read all, NEVER pages by pages, of coz. But, I scanned thru ... read pages that will make me to THINK. Do read.

Self-discipline : That is difficult to define. But will be glad to write about my lack of self-discipline.

Think about thinking : That is me! Haha ...

I do not drink OH-group or do drugs la. Unless Panadol is a drug, caffeine is a drug ... i m on drugs too zzz.

got to go ...

TEH










Sunday, September 21, 2014

Oversold and Overbought



Relative Strength Index (RSI)

Introduction

Developed J. Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend.



IOIPG : I am still holding this one ... recently shown good profits, and it reversed. At the moment, it is OVERBOUGHT as the RSI is above 70. So, it just means that we should be ready to take profits. With resistance at RM2.83, that will be a good level to exit.

While RSI is a good indicator for swing trading (buy when RSI at low and sell when RSI is high), it is not a signal for buying or selling. Also, I do not use RSI for speculative stocks such as Sanichi.

For those strong uptrend stocks, breakout into new high ... RSI will also at the high-level. Overbought. That is normal.


HapSeng : Take a look at this weekly chart. It has stayed overbought with RSI above 70 for so long, except for a week. RSI(14-week) at 90.2% now ... another long white candlestick will see RSI reaching a historical level.


FGV : This is a weekly chart, to show the sell-down. RSI at 28% now. So, it is considered as oversold. I bought at Friday, closing price RM2.55. The low is at RM2.46 now. If next week it rebounds, RSI will show an early sign of 'hooking upward' and out of oversold region. That will be a good level for entry.

I have maintained that RSI is just a momentum oscillator, and not a signal-indicator to buy-sell. We need to check on other technical signals. RSI low could easily go lower after a short rebound, it might dive further and its RSI could be at similar level(at lower price).

But, it is a good sign for us to prepare to make a decision, using weekly RSI : IOIPG (RSI 57%) is prepare to sell, HapSeng (RSI 90%) is to sell and FGV (RSI 28% ) is to prepare to buy.


RSI-divergence


I was checking on charts ... and found this chart is a good one to explain RSI-divergence.

I will share more about how to use RSI in our trades with my e-meeting group. This is a learning group through online, where I will explain my trades.

Those interested, do contact me (cpteh@yahoo.com) for details.

TEH

Success : A video to share





Good words for a Sunday.

note : many F words there, in case u will be annoyed.




Be motivated. It is a long journey ...

TEH

Saturday, September 20, 2014

Why getting out of E is difficult?

http://cpteh.blogspot.com/2014/09/get-out-of-e-easier-said-than-done.html

If we have been working for years ... or if we are new to work-force, we could easily stay in that zone ... the E-quadrant. It is the ''secure'' and comfort zone for many. Yes, I was in E-zone for 20plus years ... I was teaching in private colleges(Stamford, Inti, Sinaran and Taylors) over these years ... and I was tempted to move to another college when I was offered a better pay after I quitted recently!!

It is very tempting ... to stay in ''employee'' category. WHY?

One of the main reason is ''security''. We human are trained since young to seek for security!! To be secure(financially?) means ... we will be able to pay our bills and expenses, without worrying much about money. That is the main worry, actually!

Let us take a look at the E-S-B-I again. Found this nice writing and decide to put it here(for my own keeping, every of my blog-posts is for my own pleasure reading).


The E is for Employee. Employees work for salaried or hourly compensation. Employees can be the maintenance man of a Fortune 500 company to a leading executive of that same company. Employees care most about security. They typically do not like the feeling of uncertainty and therefore search for security blankets such as benefits packages, retirement plans and paychecks.

 
The S is for Self-Employed. Self-employed people tend to be very independent, do-it-yourself types. They want to run their own show and create their own destiny. They tend not to like having their income dependent on others. They have no problem having their income tied to their performance and believe that if I do more than everybody else (or am better at it), I should get paid more than everybody else.

People in this group tend to want to be the best at what they do and feel nobody can do their job better than them. Doctors, lawyers, salespeople, Small Business Owners, Artists, Actors and Mechanics are all examples of people in this quadrant. Independence, freedom to do things the way they desire and being applauded as the best at what they do drive them more than anything else.

The B is for Business Owner. Like a self-employed person, the business owner has an entrepreneurial spirit. However, their approach is different. These types like to delegate and surround themselves with great talent from all four quadrants. Instead of being do-it-yourself types, they prefer to hire or recruit the experts who are just as or more proficient. People in this quadrant strive to build and own a SYSTEM and have others run their creation. These types tend to be great leaders.

The I is for Investor. These types love to make their money work for them. They are great investors who look at investments from a business owner’s perspective. Because of their skill of making money with money, the experts in this quadrant tend to invest large amounts of capital for other people. To quickly summarize, E‘s have a job, S‘s own a job, B‘s own a system which other people run on a day-to-day basis, and I‘s have money working for them. I like to think of business owners as people who build or create assets. Investors, on the other hand, acquire existing assets. For both business owners and investors, they care most about Time Freedom and Financial Freedom.

taken from : http://patricesrobinson.wordpress.com/2013/09/09/cashflow-quadrant-%E2%80%A2-4-ways-to-produce-income/



There you are ..SECURITY is what we seek for if we are in E-quadrant. As I mentioned in my previous post, unless u r paid RM15k and above(with expenses less than RM5k ... so that, saving is RM10k per month) ... it is difficult to be financially free being employed. NOT for lecturers ... just too difficult as our salary is below RM5k(many below RM4k).

To get out of E just means ... we are letting go of our security!! That is most difficult part that I found myself in ... emm ... merely months ago!! I was very reluctant to let go of my full-time job as I am being paid(not much, tho) for the few hours of teaching ... a job I loved! But, thanks to the new system, more paperwork ... and as I was drowning, I pulled myself out ... as I m going to be drown, anyway. Being in E, I do not have the freedom, flexibility and able to increase my ''value''.

Unless something forced us out of E(such as retrenchment), we will still feel that being in the rat-race, competing with our colleagues ... and hoping for higher increment/bonus ... and the cycles go on for years ... till retirement(60yrs old).

So .... you think you want out of E and have own B.

http://www.entrepreneur.com/article/234894

I thought of that too ... 8 years ago. I started to know my bro-in-law who has been successful doing biz(in KK), packaging/selling cooking ingredients and such. I was naïve ... I was working from 8 to 5pm with Inti College then. So, I started ... taking raw ''keropok ikan/udang'' from him, goreng, pack it and sell. He told me that was how he started some 25yrs ago!! I was inspired. But .. I do started to read more financial books back then. I have nothing much to lose ... except the RM1k capital I put in. Oh yes, I have to borrow that RM1k from my aunt. Pathetic, but determined.

zzzz ... poor me, with wrong mindset. Let us read the article below :

Mindset is probably the major determinant of success in pretty much every walk of life. In other words, the thinking patterns you habitually adopt largely govern the results you achieve. But different circumstances and situations require different mindsets, something that anyone looking to leave paid employment and strike out on their own, must be aware of. Unfortunately, not all would-be entrepreneurs understand the dramatic mindset shifts required, without which business success is unlikely. So how, as a one-time employee, will you have to think differently to succeed?

1. You’re responsible for all decisions - good and bad. Entrepreneurs have an incredible opportunity to create something from nothing, in a way that’s not possible working for someone else. But this means making big decisions about what must be done, when and how. You can’t wait for things to happen, or for someone to tell you what to do, you must make them happen. Successful entrepreneurs also understand that opportunities may be short-lived, and so develop a sense of urgency that helps them achieve their goals.

2. You need to hold both short and long-term visions simultaneously. Work for others and you are mainly responsible for ensuring that what needs to be done now, is done. As an entrepreneur, you have to project your mind forward, thinking about the potential pitfalls and opportunities that lie around the corner, and making decisions based on uncertainty. This requires you to come to terms with the fact that what you do, or don't do, today, will have an impact on your business three months, even five years down the line.

3. Feeling uncomfortable is your new ‘comfort zone.’ As an employee, you’re used to thinking ‘inside the box’ rather than outside it. As an entrepreneur, there is no box. You see what others don’t, test new ideas, seize new territory, take risks. This requires courage, a thick skin and the ability to keep going despite rejection and skepticism.

4. Learning is a continuous journey. As an employee, you have a job description, requiring a specific skill-set. Being an entrepreneur involves learning many new skills, unless you have the funds to outsource what you're not good at or don't want to do. That could be learning to set up a spreadsheet, getting investors on board, marketing your ideas, crafting your perfect pitch, or using unfamiliar technology. What needs to be done, has to be done - there is no room for excuses.

5. Numbers don’t lie. Where numbers are concerned, it’s enough for most employees to know what’s coming in and what’s going out. As an entrepreneur, you’d better learn to love numbers fast, because your cash flow is what will keep you in – or out of – business. Ultimately, it’s your sales, costs, profit and loss that will either give you sleepless nights or an enviable lifestyle. But without the guiding light of numbers, your business will be continually heading for the rocks.

6. Love your business, but be objective. As an employee, you can go on doing something you dislike just for the salary. As an entrepreneur, you will need to love your business because of the effort and long hours required. But you mustn’t fall into the trap of thinking and acting like an employee in your own company, working ‘in’ rather than ‘on’ the business, a ‘technician’ rather than the person who steers it forward.

7. Enjoy breaking rules. As an employee, breaking the rules could mean dismissal. Entrepreneurs on the other hand, aren’t interested in the status quo – they’re always looking for ways to do things differently. That means acquiring a global perspective, always peering over the horizon, or at least towards it, to where the next big thing is waiting.

8. Time isn’t linear. As an employee, you have a timetable to work to. As an entrepreneur, while you might not be tied to a desk or computer 24/7, you will always be thinking about your business, what it’s doing well and what it could be doing better. There will be no respite – you will live and breathe it.

9. Start now. Most people under-estimate the time it takes to make the transition to entrepreneur, so it’s sensible to start shifting your mindset while you’re still employed, perhaps even setting up a business to run alongside. This could give you the opportunity to develop skills and build experience while still enjoying the safety-net of a salary, something that at some point you will almost certainly need to give up if you want to grow your business.

So, employee or entrepreneur? Is it time to switch? The choice is yours.

Ok ... so, I failed in my first venture and burnt RM1k capital, plus hours and hours of effort into it. You could find me goreng-keropok after college, from 6pm till 12midnight. haha ... wonder how I could be so determined. Hmm ... certainly not your normal lecturer-kinda.

I spent hours reading those financial books ... to change my MINDSET, the way I look at money, and personal finances as in general. From buying being frugal ... how to increase income ... to buying an insurance policy, I read about it. I want to learn about these so much.

It was VERY difficult time ... I vaguely can remember how I struggled and managed to pull myself out of that hole ... and still in a piece. I guess it is the "nothing to lose" and "never say quit" kinda attitude doing me well. Yes, it was always inside me. I could re-start everything ... re-learn and do well. Thank God for giving me such a unique attitude!!

Back to the topic ... why is it difficult to get out of E, besides security?

ATTITUDE.

Majority employees want easy-way out ... if possible, our colleagues or someone else do the job, it is not my job or ... time is up, I want to go home. These are employees attitude, which I hv seen over the years in my teaching line. Most lecturers DO NOT love their teaching job ... they are there because it pays them a salary, being employed. What to expect? So, they wont go extra-mile ... and too tough for them to re-learn new things.

To get out of E, we need SKILLS. It could be technical skills(which was my choice, to learn how to trade/invest) ... or entrepreneurship skills. It could be management skills ... we need to have the ATTITUDE to learn ... these skills, in order to be able to do something else, besides doing our job day-in day-out.

Do not be-little the skills we are picking up ... we might be able to utilize them, in future. Ever read ''successful stories''? DO read. We do not do things simply because it could give us this-that in short-term. Those instant-gratification mindset wont work here ... we need to use the term "susah dulu, senang kemudian" which appropriately used here, but too difficult for most of us ...

Until we could get that ''security'' out of our system, we will continue to be employed. That is comfort-zone.

Until we have the right ''attitude'' to go extra-miles ... to learn some skills, we will be comfortably stuck in whatever we think we could do.

I was a Math teacher ... for past 20plus years. I always thought that I could only teach Math, nothing else. I will not even bother to listen to anyone speaking about stock-market and viewed that as gambling. I was so rigid(my mind) ... and the only thing I loved is MATH. Nothing more. So, even I was lowly paid, I was comfortable ... teaching Math as I simply feel comfortable.

But, merely 8 years ago ... 1-2 years before I knew what market is, I started to learn about it. It took me time to open-up my mind ... change the way I see markets, or MONEY ... and things started to be unfold.

Nothing comes easy ... for sure. But, I guess we need to LOVE what we are doing. Otherwise, we will not be happy doing things in daily basis and hard to find the passion(to last).

Plan now if you are thinking of getting out of E. Remember, if u r ... then, u are the minority. Many around you will think of u as ''xiao'' ... or them might even dis-own you. The risk is there ... are u sure you want to risk it all? If I was in my late 20s or early 30s, I will be glad. But, I started to change my mindset when I was 40years old.

Age is just a number ... never too late to start anything. That I believed. But, I still feel that if I have known about this so-called financial mindset when I was in 30s, I will be well-off now.

Regretting? Never ... do what is best NOW. Plan ... and get out of E .. if you have a dream.

If not ... it is ok. Continue to be comfortable ... now, where is my coffee?

Time for another class 4pm. I had classes since 9.30am this morning.

Note : I will write about E as I was in E for 20plus years. Now, I am in S ... so, I will write more about S ... and B ... and I.

TEH

Friday, September 19, 2014

KLCI rebounded


KLCI rebounded from support 1840.

Scicom : Just for those chart-nexus members, I sold Scicom today. Do note.

FGV : Rebounded today ... collect.

VS : Breakout ... buy la.

It is a bull-day .... yeah ...

TEH

Stock Watch : FGV



Since listed in 2012, this is the dividend given by FGV. For 2014, total dividend is 16cents. It is trading at RM3.50 level now.


This is the weekly chart since listed. It is obvious that it is way below the IPO price now. If not mistaken, it jumped 20% during the first 1-2 weeks it was listed. All the Felda workers no longer working ... but happily jumping up with the price of FGV's stock.


This is a daily chart, showing new low everyday ... we can start to buy in stages(catching a knife?) or wait for reversal signals.

I do know that CPO is trading at low-range now ... but, why is there such a strong selling in FGV? I wonder ...

Time for bottom fishing?

TEH

Thursday, September 18, 2014

Updates : Scicom and DRB



http://cpteh.blogspot.com/2014/09/chartnexus-meeting.html


Scicom : What a good run ... hitting 1.62 today. It was at 1.40 when I told those chart-nexus members to buy Scicom as that is easier to trade, using indicators. Dividend 2cents taken.



There is another counter I mentioned to them, DRB. Buy DRB ... was at 2.20, cut-loss 2.10 ... if it dives further. DRB hit 2.32, before correcting to 2.24 today. I sold half at 2.29, to take profits and buyback.

Those who went for chart-nexus traders meeting are those who attended their technical trading course. I do not believe in using many of the indicators or more lines in my charts. Simple basic ones as guidance ... afterall, those indicators are mathematically calculated. Price-volume actions could be used more effectively in counters such as DRB or Scicom, rather than PUC etc etc.

I told that to the speaker/trainer that day ... we need to know the stories behind the stock-movements as we have 1000 stocks. To trade well, we do need to plan ... and know why we are buying into the counters.

Well ... don't know when I will be attending another chart-nexus meeting again. I rarely free on Saturdays.

By the way, I am planning a trading workshop next Sat-Sun. I prefer to teach basic technical ... and more on the planning(money, risk management ... market psychology etc).

Just hope I could attend another meeting or market-talk next month.

TEH

Monday, September 15, 2014

Get out of E : easier said than done.

It is Monday ... yes, Monday blues for me as Liverpool lost. Sigh.

School holidays ... and it is time to bring kids to jalan-jalan and play-play. I do still hv classes, tho I hv left my full-time teaching job. Students will be going for their final exams ... so, still kinda busy with classes.


Yes, I bought this book ... I do like the books written by the author, not because she shared same surname as me ... but, her easy-reading books are 'funny'.


Dollars and sense book ... for those interested to know how to be 'kiam-siap'. Another very kiam-siap book is by CAP(go google it).

I am going to meet her ... and ask for signatures. Yes ... I do support local authors. Writing a book? Me?? Err ... no, thank you. I like writing this blog ... un-structured, un-planned ... no restrictions(well, there are many fine lines that I need to toe ... such as, I wont like to comment on politics in Malaysia, nanti kena sedition-act la ... or I could not comment on those speculative counters, nanti kena shoot by runners leh).

Ok ... put those politics aside ... and those stock-market comments away.

We shall plan on where to go for a break? If no where better, I know I will end-up at Sepang Goldcoast again. That is my hiding place.

Yeah ... leaving my full-time job is a good choice, tho I m slowly adjusting to the ''missing of classroom teaching''. The workload was tremendous for the meagre pay. The amount of paperwork could easily drowning me.

Each time my kids having holiday, we do not. The holiday schedules for college and primary-schools is different. Some private colleges require the lecturers to take leave even if they do not have classes to teach. It is not true to say teachers have lots of holidays. For private colleges, you may ask me for further details. We have to mark papers during that so-called holiday period. Most of the time, we will be more stress than normal teaching days!! Thinking back, it scared me off ... and luckily, my ''dream'' of leaving my full-time job ... fulfilled.

The E-quadrant that I have learnt ... the E-S-B-I ? Yes, when I was in Kota Kinabalu, Sabah ... in 2007 ... I read about it and plan to leave E quadrant. So, I moved back to KL ... and escaped the E recently.

Write down the pros-cons of being employed(E) and being self-employed(S). Plan on it ... I gave myself 5 years to be able to do that. I took 4.5 years of being back in KL ... slightly earlier than my plan of 5 years. I couldn't take the stress thrown to me anymore in the colleges .. besides the pulling factors. It is more free to be able to just give tuition(Maths) and having a more flexible working hours. I am fully into S now ... S = self-employed. We still need to work, exchanging our TIME = MONEY. To me, I like S rather than E.



I could do my own work, at my own pace. I could listen to songs!!

I believe many employed will like to come out from there ... venturing into S or B. While I m moving into B(my tuition centers), I am still very much into S. It will takes me another 5 years(my goal la) to be able to let go of my S fully ... and fully into B, while my I-quadrant will give me passive income. Then, hopefully ... if I m still around, I could be financially free.

To be financial free ... it just means we have more than our expenses, even if we do not need to ''work'' anymore. I m still have long way to go ... but taken the first very important step ... get out of E(unless one is highly paid, above RM15k per month ... with monthly expenses RM5k ... in my opinion).

I have my mind set ... use much lesser than we earn. Frugal, if u want to put it that way. I used to be an idiot(used more than earn). Haha ...

So ... if one wishes to escape the E ... start with being ''frugal'' (kiam-siap ... I m not, actually. haha). MUST clear off all debt(credit-cards, personal loans).

ok ... this is what I have done ... I could only share what I have done(right or wrong).

Step 1 : Must willing to work hard, while learning a skill.

I was broke. I was teaching in KK. I was new in KLSE. 2008. I worked hard(college plus tuition, everyday till nights). I learned to analyse fundamentals of companies, I learned technical-charting. Market 2009 recovering well, great profits ... and been continuing to learn the skill. Now, the trading skill becoming so valuable.

Step 2 : Pay all high interest loans, and start saving. Be frugal.

Uproot from KK. Came back to KL, to learn more. Increase tuition-classes. Continue to be very frugal. Start to pay off my credit-cards(got 3 of them) ... and cleared all 2 years ago. Cleared personal loans too. Took a personal loan of 6% p.a, put inside my trading account. Profit more, continue to put the saving(surplus) into trading accounts.

Step 3 : Invest in ourselves. Invest.

Went to trading courses, workshops, market talks to learn. Continue to learn and invest in myself. Met many good experienced traders and shared opinions. Continue to do that. Invest in ourselves is a must but never pay thousands for those so-called professional courses. I went to few 'sifus' and find them MUCH better than those thousand-dollars courses. Learn FA ... learn TA. Invest in myself.

to be continued, may be.

Ok .. time for lunch ... back home to play with kids, take a nap ... and check market again.

TEH

Sunday, September 14, 2014

Stillness




I was searching for "stillness" ... and chosen this simple photo. Guess I like the "water" ... the lake. Observing my mind ... my liking and preference ... I could only think that I am the only person to understand myself. Me.

To understand ourselves ... as we all might have read, is the first step we could have a happier life, a more meaningful lives ... we should understand ourselves. That is ... deep.

If we could not understand our-own-selves, how are others going to understand us? We could always look for external sources, someone to understand us, but it is never out there. It is inside us. We have to explore our own needs, our own desires ... our purposes. No one could ever understand us ... more than ourselves.

Asking ourselves ... why are we in stock-markets? WHY? Because we thought we could profit ... earning some money there ... or even, we could get rich?

We do need to ask a basic question on why we are in stock-market when we read that the statistics showing that 80% of them lost/losing money? What makes us the 20%? We could always be confident that we are not the same as those losers(in markets) as we are smarter, wiser ... or whatever.

Understanding our own risk-appetite is another very essential in trading or investing. We may not know what it is to lose money in markets. Many of times we learn it the hard way. We wont listen to those so-called more experienced ones ... as we thought we are different(and smarter). So, we do not view risk as what others see it ... yes, we all are different and have different risk-appetite. If we take those high-risk speculative counters(stocks without much fundamentals and purely being pushed up/down for operators to earn huge money in shortest of time) ... then, it will be OK if we know our risk-appetite.

I still feel that understanding one-self is very much needed and we are all lacking in such. I could not claim that I have fully understood myself, but I do know the hidden side of myself, where I have not explore.

How do we explain why we are in stock-markets, knowing that 80% of them will be in the losers side? It is incredible ...

If I have the time ... I will be glad to have one-on-one appointment with traders/investors ... and ask them few basic questions such as "What makes you bein stock-market?" ... "How long have you been in stock-markets?" ... "Have you attended any training or those workshops?" ... "Are you in the top 20% winners as markets been bullish for 5 years now?" ... simple basic questions that need honest answers?

Yes, I do wish to do a simple survey ... and hope to publish my findings. I am very curious on how much we understood ourselves as we thought we do?

Back to my stillness ... as I that is what I like most. I like to sit on a place, facing a still lake ... for hours, reading a book or two, while playing those favourite sentimental songs. That is an ideal moment for me. Yet, it is very rare occasion ...

So ... is that what I really want? I do wonder ...


Stillness ... as I defined it ... sitting to watch sun-set or sun-rise ...besides the sea/lake/river. So, I will go to Sepang GoldCoast few times a year, to experience 'stillness'. Is that what I really want?

My mind is wandering ... and could not write. What I could think of is ... sea. I have wanted to retire nearby beaches and a small apartment in Sabah, by seaside. Perhaps, I will consider Kuantan or LangKawi too. Penang is too congested, too crowded for me.

I am dreaming again ...

TEH

Saturday, September 13, 2014

Trading Workshop 27th-28th Sept

Morning ... I am planning for a short 'compact' workshop for newbies/novices who wish to learn basic technical charting.

Contents : Price-Volume analysis .. candle-sticks reading. Trends, Support-Resistance ... indicators such as MACD, RSI and Stochastic. Money Management, Risk Management and Psychological of Trading.

Simple strategies such as "Breakout" and "Technical Rebound" will be shared too. There will be 'follow through' after workshop, to ask questions and in touch to learn show 'live' trading. We only learn well by taking real trades. Profit back from markets to cover the small fees.

Repeating : I hv even allowed my previous cohort-12 members to join, if they wish to repeat. They have joined my trading group and after 3 months or so, certainly they will have many questions to ask ... and that is how continuous learning is all about. It  should not be one-time blah-blah workshop!!


IOIPG : Recovering well ... a nice chart once break RM2.60.

Those interested, do contact me at cpteh@yahoo.com for details.

Thursday, September 11, 2014

Why using NTA as valuation?



Definition of 'Net Tangible Assets' 

Calculated as the total assets of a company, minus any intangible assets such as goodwill, patents and trademarks, less all liabilities and the par value of preferred stock. Also known as "net asset value" or "book value".

I do not know why so many analysts or retailers start to use NTA as a valuation-base. I used to heard of PER being popularly used, perhaps ... P/B too. But NTA? Why every tom-dick now talking about the NTA of companies when we are trading/investing? Who started the NTA game?

Even for property counters, they talked about HIGH NTA value ... therefore, it is under-valued. Anything to justify that the stock is under-valued?


This is LionInd ... with very high NTA. Will one consider her as under-valued? Not for me.

I do hope someone will come out and tell newbies that we do not use NTA to place whether a stock is under-valued or not. It is VERY mis-leading. Why those analysts want to mis-lead the trading public, I dont know.

But ... I want to let those newbies to know ... do not follow those NTA valuation blindly. Try to understand what NTA is.

Earnings (EPS) is much more important and should be emphasized.

Just my opinion.

TEH

Monday, September 08, 2014

We are Malaysians



http://www.themalaymailonline.com/malaysia/article/how-much-would-i-have-to-pay-you-to-say-melayu-bodoh-or-cina-pendatang-or-i




I was watching this short clip ... it could touch me, bring me to tears. There is hope for us, Malaysians.

TEH

Sunday, September 07, 2014

23 Things Only People Who Love Spending Time Alone Will Understand



1. A weekend in which you have no plans, no responsibilities, and nowhere at all to be, ranks as one of the best weekends you’ll ever have.

2. Sometimes friends will try to make plans with you and you have no reason to decline except for the fact that you just want to be alone that day. (Your plan is to have no plans, people need to understand that by now, right?)

3. A good album, book, or television show can keep your attention far longer than any party, club, or bar could.

4. Going away to a remote cabin in the middle of the woods to just exist for a period of time sounds like the best idea for a vacation that you can think of.

5. There is nothing more exciting than planning a long, solo road trip, because you know you’re going to be able to think your thoughts, listen to your music, and play your audiobooks for hours and hours on end. Is there anything better?

6. When people say they can’t eat alone at a restaurant, you’re like, really? That’s one of life’s simple pleasures! Food? Good. A book? Good. No conversation whatsoever? Perfect.

7. The worst trait any potential lover could have is “clingy.” You need your space like you need air to breathe. It’s essential. If they need to be around you all the time? Dealbreaker.

8. Even if you are attached, you carve out hours of alone time just to keep your sanity (and to keep your relationship healthy and happy, too).

9. The only person you’d ever consider marrying would be someone that also loves spending time alone, otherwise that thing’s never going to last.

10. If anyone that knew you were to describe you, one of the words they’d use emphatically to do so is: independent.

11. Your intuition is on point because you spend an insane amount of time alone and cultivating it. 

12. While people around you hate being single, you consider it such a joy to be able to be at the whim of your aloneness and this feeling is especially better if you live alone, because you have so much time to do all your little things that you do when nobody is around.

13. You’re always working on a project –usually something artistic– and you start to get antsy if you haven’t been able to work on it for a few days.

14. When you do hang out with people, you prefer seeing them one on one or in a small group. The more intimate and deep the conversation, the better.

15. You are an observer –watching and studying people’s behavior– and, funny enough, are usually quite well-liked, which can serve to be a problem considering how much time you want to spend by yourself.

16. A full day by yourself makes you feel more you than anything at all.

17. You tend to enjoy cold, rainy weather, as it gives you even more of an excuse to hibernate in your home and read, sit by the fire, think, curl up, write in your journal.

18. If you are not thinking about life’s big questions, you must be dead.

19. Because you put a premium on spending time alone, you are more present and attentive when you do spend time with people, because you don’t feel as though you’re missing out on time by yourself. 

20. You would much rather go on a hike or go to the beach by yourself than with anyone, which isn’t to say you dislike going with people, it’s just a more engaging experience when you do it alone.

21. Sure, it’s fun to drink wine with friends, but having a bottle of wine to yourself at the end of a long day? 100% perfect paradise heaven.

22. Traveling to a new place by yourself (even if the new place is only ten miles away) is your idea of a great time. You are always either planning a solo adventure, going on a solo adventure, or coming back from one. Experiencing the world through your own eyes without anybody else’s opinion is not just a desire, it’s an essential need of yours.

23. There is absolutely nothing that can touch the feeling of when someone cancels plans on you and you are suddenly left with surprise alone time. You’re all, “Oh good, more time to be with me!” and it’s truly an untouchable feeling of happiness.

TEH

Stock Analysis : Tommy Page

Let's say ... we heard of a name of a company. We do not know anything about it. We do not even know if it is public-listed ... or just a subsidiary? So, we want to look into more into it ...

GOOGLE.

Yes, the easiest way of finding more.

So ... I am looking for a person named "Tommy Page".

Ok ... he was a singer!! And more info could be found in wikipedia!! For investing, investopedia is one of the very good info-site to look for terms etc etc.

http://en.wikipedia.org/wiki/Tommy_Page

I do like Tommy Page's songs ... some, not all. The popular "A shoulder to cry on" is one of the most dedicated song during that year. What year? I cant remember ... wait, I will ask uncle GOOGLE.



From wiki 

When Page turned 18, he was asked to write the theme tune of the film Shag and later released it as his first single. Page's self-titled debut album was released by Sire/Warner Bros. Records in November 1988 and contained hits such as "A Zillion Kisses," "Turning Me On," and "A Shoulder to Cry On".

There you are : wiki said it is NOV 1988. So, will you take the word in total OR check again from different source?! You should!! Then, we could go to youtube and see if the song is uploaded? If no ... too bad ... go to 'Victoria Music Center' to check if they still have the CDs. Or search the www ... we might find something.

Wiki is kinda reliable, but if we get the info that a company XXX listed in KLSE or just a subsidiary, we SHOULD do another search. And if a borker report say "BUY", we should THINK and do much more homework.



The follow-up album, Paintings In My Mind (which was dedicated to his grandmother) gave Page his first and only No. 1 single in the U.S., "I'll Be Your Everything," a song that was written with and features New Kids on the Block. Other singles from the album that were released after that were "When I Dream of You" and "Turn On The Radio" (another New Kids on the Block collaboration). The album also featured "Don't Give Up on Love," a duet with Latin freestyle singer Sa-Fire. Sa-Fire & Tommy co-wrote the song, which was released as a single overseas. The two currently remain close friends.

Ok ... we read about the lines above, we may want to know more about companies "New kids on the block" and "Safire" ... these might be proxies ... might have similar shareholders and direct/indirect interest. What does that mean? Hmm ... as we are a total newbies, we might need more time to understand that and how it could relate to the company we are interested in, Tommy Page. By the way, I do like some of the songs by the groups.

Page's third album was titled From the Heart, and his vocals there showcased a wider range with higher notes than previous efforts. On this album, the ballads were more orchestral. Tommy cited the songs in the album were inspired by the current music trend of Wilson Phillips. The first single, "Whenever You Close Your Eyes," saw Page working with Michael Bolton and Diane Warren. "Under the Rainbow" and "Madly in Love" were released as singles afterward. As an appreciation to his fans in Asia, Page released another album, A Friend to Rely On. It contains the duet with Sally Yeh as mentioned above as well as a remake of Nik Kershaw's "Wouldn't it be Good" and a song penned with Donna DeLory (Madonna's backing singer) called "Heaven In Your Eyes." As house music was the current trend, the upbeat songs were produced in such form.

So, the third project the company Tommy Page involved in ... was inspired by Wilson Phillips. Then, we better check on the company named Wilson Phillips. Which sector are they in? Is that what Tommy Page has ... to model Wilson Philips? Can they succeed ... ?




Well ... Wilson Phillips being popular-ed by the product named HOLD ON.



Then ... they came out with another project of theirs, RELEASE ME. That is contradicting ... one moment, we supposed to hold-on ... the next thing we know that we are asked to release-me.  We could suspect that Wilson Phillips biz-philosophy is not consistent. Could Tommy Page modelling a not-so-right company for their 3rd project?!



yes ... the third project seemed to fail ... and Tommy Page was de-listed. He has not been active since then ... till ... 2010 ... he is still active behind the screen.

In 2011, after a successful stint as an executive at Warner Bros. Records, where he helped to shape the careers of Michael Bublé, Alanis Morissette, Josh Groban, and Green Day, among others, he joined Billboard Magazine as publisher. He held that role for two years and was responsible for the successful relauch of the brand. As a publisher he created new features such as the Industry Icon Award as well as the infamous Power 100 List. In April of 2013, Tommy Page joined Pandora Internet Media as Head of Music Partnerships. He leads the Artist Partnerships, Branded Content and Events Team. As of November of 2013, Tommy still performs concerts around the world. He performed two shows in Indonesia to a well attended crowd.

wow ... he helped to shape few large companies!! great person, indeed ... I mean, great company.




Thank You for reading my posts ...

Thank You to my aunt Sk for raising me up ...




And wake me up when September end ...




Hope we could have a Green Day ... err ... Green Month, I mean.

Conclusion : Tommy Page is not fundamentally strong company. It was IPO-ed well, shot up few hundreds percent ... and due to bad management and high gearing ... it was finally de-listed. Do our homework before we check.

Listen to your own risk (to your ear).

TEH

Saturday, September 06, 2014

Chartnexus Meeting

I m attending the traders meeting for chartnexus members. There are hundreds(of thousands) who went thru the technical-analysis training thru ChartNexus. Only few old-timer regulars will attend the weekly meeting. I have attended few times .. and I am considering myself as one of the ''hard-working'' ones. Hmm ... yes, once or twice in a year?

The aunty in front of me is speaking so loud, with another uncles. Due respect, it is their rights to speak. They are talking about PUC. Yes, the stock and discussing about the technicalities of the PUC chart. Hmm ... then, some dirty jokes shared ... many just laughed.

 
 
Ok ... I am inside PUC at 21cents, 50MA during that inverted hammer formed. Yes, I do share openly with my members that I queued PUC at 21cents, and waiting for AGM next Monday. So, what say u, indicators? Haha ...
 
 
MACD green? RSI is neutral ... I didn't place stochastic or more lines to complicate the chart. Well, many technicians like to put more lines, and we are seeing more buying signals vs selling ... so, it is a BUY?
 
Let me re-phrase ... high chances that technical indicators fail for these speculative penny stocks. If you learn to read the candle-sticks and volumes ... PLUS lots of experiences of trading these counters or/and with some insiders news, perhaps we could trade well. I have known few of these 'experts' in trading these stocks and they DO NOT use indicators. Yes, they understand how indicators failing in trading counters such as glotec, hubline ... pdz, sumatec .. efficien? What say u about Sanichi, technically a buy? Hmm ... it is easy to be confused as we ... don't know how.
 
 
 
Scicom : For the use of indicators, trading Scicom is possible. Hammer ... breakout, and such. Yes, many of us inside Scicom. It is going for new high. Why?
 
 
Bonus-issue : 1 for 5, dividend next week 2cents(only).
 
1.20pm : The meeting start with explain of trading in US-market. The use of CFD on leveraging. Did I heard CIMB?
 
Live-chart(intra-day) : I asked a question ... chartnexus tied to any IBs for live-technical charts? According to the speaker/trainer, only with RHB for KLSE. UOB is only for SGX.
 
CNX : Check the weekly chart, use 50MA as support. Resistance at 1879-1886.
 
CNX : Bearish outlook for Sept-Oct.
 
Opensys and Sumatec : He said game is over. cut-loss and sell.
 
Ok .. I will update later if anything interesting to share.
 
Note : So many aunties-uncles ...  came for the meeting. Hmm ... why are they here? Learning to read these technical charts? Hmm ... this is something we should be concerned. Many of them thought market is an easy place to earn some money, technical indicators will given them the magical-call ... and when more newbie old-people in market, new are more nearing to the peak?
 
These aunties-uncles might also lose much money to markets, and thought that charts could ''help'' them.
 
I do not know why ... just feel young here, in the crowd of old-audience. I do respect old-people ... but I could not understand why they are taking the stress of trading in KLSE, checking Sumatec, PUC and such?
 
err ... greed?
 
I will prefer to retire ... watching the waves, go seaside ... rather than understanding the E-waves? That is me ... we are all very different individuals
 
TEH
 



Is penny-stock rally over?

Morning ... yesterday was a full-day and we have tratles' meeting last night. I posted a question to the group : Is penny-stock rally over?

Many of us have been trading those speculative penny-stocks. Now, it is in everyone's mind if it is over ... in my opinion, the party is just started. This is how the last leg of the bull-run should ends ... more and more newbies into markets buying more of these speculative counters where more operators enticing these ignorant yet greedy retailers into markets. They need ... TIME to push it higher so that they could distribute at higher level.

Is it it high enough? NO ...


Bright is not so bright now ... last year Oct, it was pushed from 50cents to a dollar. Yes, doubled in 2 weeks ... but but ... err .. now it has retraced to 60 cents. Can we buy at 56cents?

Then ... we need to answer ... is the penny stock rally over?


Brahims lagi bagus ... 50cents last year and shot all the way up to RM2.50, that is 5 times!! Now, with news of MAS re-structuring, Brahims is no longer in favour and trading at RM1.20, lost 50% from the peak. Could it goes below RM1 and be a penny again?

I could point out so many of the penny small-caps (many are empty shells) being pushed few hundreds % and are we following these hot-money?



PDZ went up 20% in a day yesterday. Shot from 15cents to 30cents in 1-2 weeks!! Well, with MARA playing the back-ground music ... will Sanichi being pushed beyond recognition? Sanichi came from 7cents to hit 14 cents ...doubled in 1-2 weeks? See the play ... and when the music will ends?

The greatest fool theory applied. WHO will be the last fool who will be buying at the peak?

RETAILERS. Newbies and those greedy ones. Those ignorant without much experiences in market. Those who are winning and profitting well at current level, who will tell their friends or in forums how 'easy' they are profitting. We are NOT in that stage YET ... so, I do still think we have more upside to go ... wait till more and more so-called stock-guru coming to town, they could be found everywhere and even in many forums. If a mama-forum starts to talk about stock-markets, if my ex-colleagues start looking for me ... then, we are almost there(at the peak).

Then, why we have statistic of 80% could losers in KLSE? Is this real? YES.

Let us look at the larger pictures ... in years to come, say another 5 years ... those profitting in markets, many of them will give back the profits and even lose more!! How is that? Cant be happening as we are all mature traders/investors?

Only those been long enough in market could understand. Today ... we are seeing more profitting. Perhaps ... 80% winners now. In my trading group, more than 80% is profitting for past 2-3 years. Is that a sign of 'peakness'? NOT YET.

Now is not the time to put our money in FD or UT. Now it the time to move into stock-markets but remember, we need to pause when market-rally is over? Question would be : WHEN?

What will be the 'thing' that will pull the market to crash? KLSE is resilient ... we are not under-valued, we are not overly stretched yet. Putting part of money in SGX is a good diversification, with SGD expected to appreciate vs MYR.

cohort-13 : I will be conducting a trading workshop end of this month(Klang Valley), tentatively on 27th-28th weekend. I will want to explain the penny-rally to this new cohort as that is the 'play'. We can profit from the rally ...

For those interested, please contact me in facebook or e-mail to cpteh@yahoo.com.

Have a nice weekend ahead.

TEH

Friday, September 05, 2014

Book : Investment vs Speculation



http://www.businessinsider.my/warren-buffett-favorite-business-books-2014-8/#.VAkwrfmSyCk


This is one of the book recommended by Warren Buffett. So, I will read it.





TEH

Thursday, September 04, 2014

What to write?

good morning ...

I have many thing to write ... but the mind is not organised. Should I be talking about a new hot software hitting the town(and their market talk) or should I blah-blah more about financial ideas? Or just place those stocks I m currently trading?

I am planning for next trading workshop(Klang Valley) this month. Should I do some promotion on that as I am really bad in marketing myself? haha...

How about writing about LangKawi ... an option to retire there in few years to come? Been reading and looking into it ...

Hmm ... will find my inspiration later ... for updates, one need to click to my blog(i3 won't refresh the pages ... too bad).

Time to prepare market opening ... have a nice trading day ahead.

TEH


Wednesday, September 03, 2014

Stock Discussion : JCY



JCY : In 2011, I went to a market-talk, the 'expert' asking the crowd to SELL off JCY, and target about 20cents. It was trading at around 30cents level. If we got JCY at IPO level(RM1.60), then wouldnt it be too late to sell at 30cents? That bad piece of news ... how bad HDD market will be etc etc(ipad hitting Malaysia).

Fine. JCY actually recovered from 30cents to 40cents ... to 50cents ... to 60cents ... from Sept 2011 to Dec 2011. Now ... they were talking about "Thai flood" news. I do remember I traded JCY when it was on the way up ... it was crazy and it continued to move beyond 60cents. By Jan2012, it is reaching RM1 ... guess what? Someone in i3 was recommending JCY as a strong buy, deligently giving all the information to i3-forum kaki ... to furnish them with insider-news etc etc. JCY will be up to RM4, at least ... according to him.

http://cpteh.blogspot.com/2012/02/jcy-interestingly-manipulated-stock.html

In Feb 7th, 2012 ... I written about manipulation of JCY and I was shot by him. It was trading at around RM1.40plus and to me ... the risk is too high to chase. MANY in i3-forum believed him ... and jumped at RM1.30-RM1.40 levels.

I shared this short story of JCY with my e-meeting last night, letting some of my new members to know how risky it is to follow forums, especially if we are new to stock-trading. MANY out there are selling stories ... to push up some stocks. Trade at your own risk ... and remember, use LOGICAL common-sense, which not there when we trades in markets.

His last message was 18th Mac ... then, he changed his nick 3 days later!!


That new nick last message was at 16th Aug ... just days BEFORE it dived. Interesting case-study on how stocks being pushed up by using a public-forum.

There are still many such stories ... but I do admire the 'runner' on how he convinced many in the forums, in believing his analysis. bravo. fantastic.

Should we follow the hot-stocks and smart-money? Hmm ... technically, we should. Ride on the uptrend ... with news and many retailers jumping in. BUT ... we need to put a stop when it is too hot.

Since I was shot-down by him on 7th FEB, I quit writing about JCY ... thought of telling retailers how these runners work. If one if emotionally hooked(never fall in love with a stock and always place a cut-loss point when buying a stock) ... they could not be alerted, anyway.

Yes, I do recieve an e-mail from a person who bought at RM1.35 but stuck ... when it dived below RM1. The JCY-informer is no longer there to be reached. He felt cheated. I did not give any advice but just trying to console him ... that is stock-market. Welcome to the world of speculation.



This is the current chart of JCY ... 2014 ... 2 years later. Trading below 70cents, I didnt read about the issues about workers in their johore's factory. Perhaps, Thai-flood news is back since we are nearing year-end?

I rest my case. Just trade with our own plans. Learn how to plan. Learn from experiences.

TEH

Tuesday, September 02, 2014

SEAL : Sealed with a kiss





SEAL : A gap-down ... when at 1.34 level, I have asked all the members to sell SEAL ... as TA showing not good. When it broken 20MA, that is a sell. The gap-down is due to not so good report.



Losses : Need to check WHY losses there ... it is one-off kinda issue?

Now, if we believe it is under-valued ... and bought at RM1.30, buying it today at RM1.10 is logical ... and perhaps we should buy more at RM1. That is dollar-averaging on under-valued stocks. At current moment, it is trading at RM1.07.

Listen to this old nice song ... perhaps we need to say goodbye to the summer?



For fundamentalist, it is a strong buy when the stock is trading way below the 'true intrinsic' value ... hmm ... I am still a trader, seeing what is cooking for SEAL. It is downtrending now, certainly need to be more careful.

For buy-hold, I will only look into those giving good dividends or those mid-cap growing counters, with good track records. Large cap is preferred too. So, SEAL is a trading counter, imo.

Trade at your own risk.

TEH

Monday, September 01, 2014

Stock Watch : JTiasa and MudaJaya



JTiasa : When KYY mentioned he bought at RM2.04, it rebounded and went all the way up to RM2.70 ... CPO was rebounded sharply then too ... from 2200. Today, CPO is going below 2000, it is 5-year low at current level. Yes, CPO is oversold ... tracking soy-bean prices. How will this CPO price level help JTiasa. JTiasa is not a main plantation counters ... but a huge timber-player.

When JTiasa was trading at RM2.62 in the beginning of July, RHB maintaining their BUY call, with target price at RM2.95. So, from the chart ... RM1.95 will be a good entry as we are having a RM1 discount, right? By the way, RM1.95 is CIMB's target ... latest RHB's target is RM2.41

AMMB placing BUY call with target RM3.16 ... so, we have 2 - 1.

Plantation counters not in favour ... so, I have avoided and sold all my plantation(and related) counters.


Mudajaya : Closed 2.16, broken the important RM2.20 support ... I will need to check why there is such a sell-down. It must be the bad quarter reports or such. Then, perhaps some IBs downgrading her ... etc etc. When a stock dive in such a manner, something must be on ... so, we must check before we catch a knife? I am seeing this a trading opportunity (besides my Armada and Ecoworld).

So ... where do I start? Begin with 'bursamalaysia' website to check on announcements.

http://www.bursamalaysia.com/market/

bad quarter report(as expected)


see ... the EPS from 8.50 to 0.62. That is bad. So the sell-down.

Reported of share buyback too. Do check the bursa site.

Next will be ... checking Mudajaya at i3, as Mr KYY might be writing something about MudaJaya as he invested in it. By the way, he is the founder of the company. A highly respected person ... so, I will seriously consider MudaJaya as I trusted him. Being a trader, we need to follow the 'SM'.

Then ... check the broker reports ... those target-prices many retailers interested. That will take me another 1-2 hours.

If the stocks diving sharply, check the noises made by those regulars in forum ... especially the losing-money part. Some might curse ... blame somebody else. Some never-heard-of forummers will start to emerge, to voice their displeasure due to losing money. Many more negative remarks will be thrown to reflect their disappointment. I do use forums to check on noises.

Time for dinner ... and hope to continue ...



TEH