Can Sapu or Not?

Crude Palm Oil Weely Chart 080513

CPO weekly chart doesn't look very healthy, has been very volatile for the past few weeks. But.. but.. this plantation counter is whispering to me to take her leh.. how ar?

Results are out! Case Study: A Tale of Three Steel Kingdoms

Talk Only Mah!: Case Study: A Tale of Three Steel Kingdoms

He he, the news was out on 9/May, about Malaysia scrapping ceiling price on steel bars. Now, it is time to take a look at these 3 steel kingdoms' performances since I last blogged about it...
1) Annjoo +16%
2) Kinstel +10.71%
3) Onastel +7.7%
My pick on Annjoo about 3 months ago was genius like. The credits should go to Chart Reading. Nonetheless, I think the steel play is over, since the news has already removed market anticipation.

Dare to Flirt with Sarawak's First Family's counter?

Backed up by 15cent dividends.

KLCI Review 080502

KLCI: Some fundamental reason (CPO) dragged down the 2/May composite index as I suspect some institutes were selling big blue like IOICorp and Sime Darby. Pure TA says it has some more room to come down :( 1264 is the final base line or else KLCI will drop back to down trending :(( Global markets' sentiment is another story though..
Eden: Still looks ok for me to re-enter. My guess is it is under major accumulation. Distribution is unlikely, looking at the above average volume with green closing of late. Remember, KLCI sentiment prevails.

Assalamulaikum. I am Syariah (err. investment only)

Reminder for myself:
Just entered ING Ekuiti Islam yesterday using my EPF fund. my projected costs are: Entry fee 3.5%, Annual management fee 1.55% and KWSP dividends loss 5.8% (based on 2007 pay-out), total = 10.85%. Using that as a benchmark, I will be happy if it can give me annualized return of 15%~20% for the 1st year.
The chart below is hand-made by me, you can't find it anywhere else. :D

YTLLAND Look Back and Look Forward

This is a very special counter for me. No, I didn't make big bucks out of it. I was naive back then, with zero TA knowledge. It was just more than a year ago, I followed some savvy investor's call, but without any entry or exit strategy. As you can see my entry and exit from the chart, no doubt made some quick bucks (feel like superman back then), but I missed the bull run of 2007 of this counter. Would I exit it back then, had I been equipped with TA? Probably yes, and I would probably enter again at 1.35 level and took the ride. Anyway, that was past. And now, I think this baby still owe me something. kekeke. I want to see will it get any support next week at 1.13 level. If yes, probably I will enter at 1.15 level. Let's see. It has better be good, am drooling already. :))

What do you do when you can't find a reasonable counter?

This evening I had been surfing charts for potential good one, but most of the charts I saw were overbought. What does that tell you? Pull-back or correction is due lah! Common sense, isn't it? Will track down this KLCI baby whether it is a pull-back or distribution, then decide what to do. wa ha ha ha.

Punters' Favorite :)) "Ran"ning Up"hill"

Talk Only Mah!: Punters' Favorite

No kidding. The usual suspect among the speculative counters - Ranhill is coming again. Check it out.

How I Screw Up a 14.66% profit opportunity of 17 trading days

Talk Only Mah!: KLCI Review 080327 & Next Action Plan

Indeed talk only, no TRADE action. BURSA MALAYSIA KLSE's KINSTEL have jumped from 1.16 since I last blogged about it to 1.33 as at 18/Apr/2008 closing. I was just not following my plan. :Bang Wall:

Punters' Favorite

For personal record. You have my warning... kekeke.

KLCI Review 080327 & Next Action Plan

The trend reversed on 17-19/Mar, confirmed by 21/Mar, 24-27/Mar uptrend on price and volume.
1232 level has been the support level on 26-27/Mar.
Next resistance is 1288 level. Very crucial one.
It seems safe to long on weakness now, till 1288.


Just in case, if too itchy, take have some appetizer before 1288. Ha Ha Ha.

Use your brain! Don't pray pray! Err..should be "Don't play play"

Personal Comments on local & US market from rojak perspectives (for the next 6 to 9 months):

1. RM has been strengthening since Sep/2007, for more than 6 months now. I believe the rate of strengthening can't catch up with the rate of inflation. And I also believe strong RM won't do any good for Malaysia (it encourages more out-flow of RM to USD denominated goods and services). Ask yourself, what is the best time to exit Malaysia market, if you are a foreign funds manager here? Prolonged period of strengthened RM is also hurting export-oriented manufacturing industries. On the other hand, I speculate many importers are enjoying the strong RM but do not pass the benefits to consumers.
2. US goods have become cheaper for worldwide consumers. Yeah, US might be in recession, their housing prices might be dropping, their employment rates might be dropping, their dollars might be dropping, their consumption might be dropping, and etc.. You know what that means? Lower Costs, and that will translate to competitiveness. What? Inflation? Inflation is normally the nemesis of recession; it will go away if people start to save more. They are building up strength for the next bull all right
3. Inflation again, rising prices used to be co-related to rising production costs, but this round is mainly due to rising commodity prices. Many agree the driving force for the commodity prices could be trading speculation. Hmmm, I also agree. Look around, with internet, so many traders jumping in the trading pool. Kekeke. Little do they know they are dealing with Goliath, dreaming that they are the little David. The house always win. When the time is ripe, big boys will eat up all the late comers from top to bottom. After that, where the money will flow to? Back to their bank accounts or equities.

Lastly, conspiracy theory, western world and their side-kicks really do not want to see the rise up of China which they will have hard time to deal with. You can see the latest incidence of global pressures against China on Tibet Case + Olympic Boycott with your own freaking eyes..

Still KIV

Another One to Keep In View

My trading strategy for 17/Mar/08~19/Mar/08, 21/Mar/08

KLCI: Downtrend is likely to continue, as candles of last three trading days were closed with little or no supports (i.e. mini tails or no tail). 1158 is immediate support level then. Next support level is 1120~1113 (1113 is Fibonacci Retracement 61.8% support level). Get ready to long FKLI if KLCI drops between 1120~1113, and on its intra-day rebound. Cut loss if it drops below 1113. Watch out for local and overseas holidays on 20/Mar and 21/Mar.
Maybulk: Just keep in view. Swing trade opportunity or trap...

KLCI Weekly Chart

Special Review on KLCI

Consider this as a kind-hearted warning, and a reminder to myself:
Back to basis, no technical indicators, just support and resistance lines. Despite a 26% recovery today of yesterday loss -126pts, we are not out of the woods yet. Volume for the yesterday and today are just ok, not very spectacular. The chances of testing 1106 support level are very real. Stay out, they aren't cheap yet. Don't buy out of fear of losing out buying opportunity. Market is always there.

My trading ideas for 10/Mar/08~14/Mar/08

KLCI: I have no idea. Kekekek.
The market is fundamentally changed, with the latest results of Malaysia 2008 General Elections. We are now in uncharted territory politically. This could take weeks or months for us to understand the possible impacts of this Political Tsunami will bring. Buckle up your seat belts is the only thing I can say now . (Not to forget the Financial Tsunami is now sweeping across US and Europe). Take care.

Case Study: Picorp

Had been discussing, and tape-reading this counter with chatter "puteri" for quite a while, as we were quite skeptical about its recent chart movement and sustainability. Today we talked about it again. "puteri" mentioned its NTA was 0.81 (as at 31/Dec/2007). That got me interested, and I checked on its 31/Dec/2007 NTA, EPS, Cash. I did a rough calculation base on its numbers of shares then. It was rather impressive that it had about RM0.37 cash per share, EPS RM0.1356 and trading at about PE 4.4x. Oh boy, how wrong was I! Little did I know it had splitted and given bonus from 1 to 5, and 2 for 5 on 2/Jan/2008. (Very cunning picorp, as leno put it.) Thanks to chatter "leno" came in as swift as Zorro, corrected me that its EPS should be less than 0.02 and was trading at PE 30x. My mistake was I skipped to reconfirm its current shares issued. Leno, I will remember that.

Lesson learned: Step by step, one step at a time, missing a step would be disasterous . :D