-Look for companies that have appreciating earnings growth over time;
-After the ex-date, the price of the share will adjust downwards to pay for dividend;
-Go travel
Thursday, December 9, 2010
Monday, October 26, 2009
Solely technical...Well, almost...
Went to Menara The Star over the weekend to get some memory refreshments on technicals..Went back home motivated and started scanning through the online portals..The stock below were noted as top volume players on 23 Oct 09.
i) AXIATA (6888) - Noted some selling supported by volume on 23 Oct 09. It was trading at the lower BB band, at the time I wrote on paper, the price ws RM2.98, it closed on 26 Oct 09 at RM2.92. Noted negative breakout from lower band.
Immediate term outlook = Negative
ii) SERNKOU (7180) - Unusual Mkt. activity noted. Announcement revealed it was by Mr. Quek Gim Hoy.Last trade on 23 Oct 09 was RM0.405. MACD -ve, RSI shows oversold.
Am not interested in this counter. Checks revealed that there was net loss of RM2.809mil in FYE 08.SERNKOU manufactures wooden furniture and metal furniture and parts.
iii) KNM (7164) - The stock is walking the upper band since 16 Sept 09 to-date. If want to go in, advise to wait for price to go down to RM0.805. Last on 26 Oct 09 was RM0.835, MACD +ve but volume low.
iv) TA (4898) - Has been walking the upper band, but today after so many weeks, closed slightly below the middle band. This confirms as a don't buy signal.
v) 3A (0012) - Company involved in manufacturing and supply of F&B ingredients. New product line includes producing malto-dextrin, a glucose based powder used for 3 in 1products (Ie: Milo, 3 in 1, Nescafe 3 in 1 etc) and also ice cream production. Used to be stagnant at RM0.34, went to up fast and furious to RM1.53. FYE 08 was RM12.13mil, NTA/share RM0.25, now trading at 6.12X cost.
vi) GPACKET (0082) - I must say that the advertistment really paid off. The 'Cut Already' advert seems to have a positive reaction. Today(26 Oct 09)closed at RM0.99. Chart shows that it had surpassed its 200MA at RM0.763 and set for an upward move.
i) AXIATA (6888) - Noted some selling supported by volume on 23 Oct 09. It was trading at the lower BB band, at the time I wrote on paper, the price ws RM2.98, it closed on 26 Oct 09 at RM2.92. Noted negative breakout from lower band.
Immediate term outlook = Negative
ii) SERNKOU (7180) - Unusual Mkt. activity noted. Announcement revealed it was by Mr. Quek Gim Hoy.Last trade on 23 Oct 09 was RM0.405. MACD -ve, RSI shows oversold.
Am not interested in this counter. Checks revealed that there was net loss of RM2.809mil in FYE 08.SERNKOU manufactures wooden furniture and metal furniture and parts.
iii) KNM (7164) - The stock is walking the upper band since 16 Sept 09 to-date. If want to go in, advise to wait for price to go down to RM0.805. Last on 26 Oct 09 was RM0.835, MACD +ve but volume low.
iv) TA (4898) - Has been walking the upper band, but today after so many weeks, closed slightly below the middle band. This confirms as a don't buy signal.
v) 3A (0012) - Company involved in manufacturing and supply of F&B ingredients. New product line includes producing malto-dextrin, a glucose based powder used for 3 in 1products (Ie: Milo, 3 in 1, Nescafe 3 in 1 etc) and also ice cream production. Used to be stagnant at RM0.34, went to up fast and furious to RM1.53. FYE 08 was RM12.13mil, NTA/share RM0.25, now trading at 6.12X cost.
vi) GPACKET (0082) - I must say that the advertistment really paid off. The 'Cut Already' advert seems to have a positive reaction. Today(26 Oct 09)closed at RM0.99. Chart shows that it had surpassed its 200MA at RM0.763 and set for an upward move.
Saturday, August 29, 2009
Cuti cuti Malaysia means trading time!!
14th July 09, 9:22 a.m;
Woke up late!..It's already 8.00 am. Have another 30 mins to mkt open. A look at US overnight performance data and was greeted by such a pleasing sight of +2% across the Board (By this I meant Dow, Nasdaq & S&P500). This is due to the positive corporate earnings posted by Goldman Sachs. Due to the run triggered by the financial sectors, all 10 major sectors have closed with gains if at least 1%. Staving off advances are buyers who wants to close their position.
14th July 09, 11:06 am;
My thnking is that there are some very observant ppl who are monitoring the market. Accumulated sell shot to 394 at 11:07am Vs 60 buys due to FKLI breaking 1069. Tough cookie. Looking toppish at 1069?
Reminder:-
Mkts. going UP -due to Short Sellers taking profit/closing their positions
-New contracts due to bullish mkt sentiment
Mkts. do DOWN- due to Buyers taking profit/Closing their position
-New contracts due to bearish sentiment
Woke up late!..It's already 8.00 am. Have another 30 mins to mkt open. A look at US overnight performance data and was greeted by such a pleasing sight of +2% across the Board (By this I meant Dow, Nasdaq & S&P500). This is due to the positive corporate earnings posted by Goldman Sachs. Due to the run triggered by the financial sectors, all 10 major sectors have closed with gains if at least 1%. Staving off advances are buyers who wants to close their position.
14th July 09, 11:06 am;
My thnking is that there are some very observant ppl who are monitoring the market. Accumulated sell shot to 394 at 11:07am Vs 60 buys due to FKLI breaking 1069. Tough cookie. Looking toppish at 1069?
Reminder:-
Mkts. going UP -due to Short Sellers taking profit/closing their positions
-New contracts due to bullish mkt sentiment
Mkts. do DOWN- due to Buyers taking profit/Closing their position
-New contracts due to bearish sentiment
Tuesday, September 30, 2008
Wednesday, August 6, 2008
A little workout does a lot of good!!
A lovely get together...it's been ages since I played ping pong, had a refresher last month with these good samaritans...
Monday, August 4, 2008
Functions are a help!
As I slumped tiredly at my notebook, I went through the excel 'Functions'..the last two weeks, I found a command which can sort data according to an 'up' day or a 'down' day ..I had to think of a way since the Dow was being naughty and I wudn't want to be trapped again..So i took the difference between the Close and Previous and keyed in the IF function.
=IF(Cell No>=0,"P","N"), which simply means if the end result is positive or equal to zero, it'll log a 'P' otherwise it'll be an 'N'.
I think the above can somewhat help us to gage how long a movement can be expected to last besides using other obvious indicators such as the 3 SMA, (7, 20 & 65 days).
The next function which I discovered today was the MAX function.I really hate being stopped out, so now I have plotted the EURUSD on a daily basis from 23/11/08 till 5/8/08 and find the daily ranges.After that, I key in the MAX function which goes something like MAX(J4:J186) and it gives out the answer, 279 pips max fluctuation.So for those who wud like to set a stop for daily EURUSD trade 279 pips is quite safe.
=IF(Cell No>=0,"P","N"), which simply means if the end result is positive or equal to zero, it'll log a 'P' otherwise it'll be an 'N'.
I think the above can somewhat help us to gage how long a movement can be expected to last besides using other obvious indicators such as the 3 SMA, (7, 20 & 65 days).
The next function which I discovered today was the MAX function.I really hate being stopped out, so now I have plotted the EURUSD on a daily basis from 23/11/08 till 5/8/08 and find the daily ranges.After that, I key in the MAX function which goes something like MAX(J4:J186) and it gives out the answer, 279 pips max fluctuation.So for those who wud like to set a stop for daily EURUSD trade 279 pips is quite safe.
Sunday, July 27, 2008
Signs Are Everywhere??
I walked past the unkempt corridor of terminal 3 which is "Under Progress"....I was walking by and heard my very young cousin quoting in a Cheshire Cat - like voice " We Can't Become What We Need by Remaining What We Are"...She kept repeating it over and over again...like a reminder of sorts... How true...How True Indeed...
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