Caught In The Moment 2

Again, I'm not that smart in managing and weighing risk in stock market. Today is my T-3 day for MULPHA which I need to deposit moneys into my trading account to own the shares before 12.30 pm. The money which I don't have. MULPHA counter open for the day and heading south from MYR 0.66 to the lowest at MYR 0.645. I sold the shares at entry price of MYR 0.655 to cut the loses early in the morning. Lost transactions money around MYR 330. Near the closing time for the 1st session of the day, the share rose up to MYR 0.670. Missed the opportunity to gains profit using contra and the share rose to it's highest at MYR 0.675 and settled at MYR 0.670 for the day. Although, this stock still undervalue, I don't think I will touch any stock that cost more than MYR 0.60 due to my limited funding.

But on the bright side, I manage to soften the fall by profiteering from Annjoo-WB which I sold at MYR 0.77 (it highest price for the day) for MYR 120 (using contra again).

After having my early lunch at 11 am, DAYA counter caught my attention. Open with a gap of 0.5 cents, with massive volume of buyer, the price simply skyrocket breaking the resistance at MYR 0.270 and manage to stay at MYR 0.290 for a long time before retracing to closed at MYR 0.275 for the day. Inexperienced me, jump into the frenzy as I believe it will break the resistance point at MYR 0.300 in no time. Bought at the highest price of the day at MYR 0.290, the share going south in 2nd session of trading. I bought the shares  (130,000 units) after queuing for sometime at MYR 0.265, MYR 0.275 and again MYR 0.285. Should stick to my instinct that that the share will retract in the evening around MYR 0.275 but at that frenzy moment, that's escapes my mind. Don't cry over a spilled milk. I believe that tomorrow gonna be a rally that surpassed MYR 0.300 mark. Looking forward to dispose the shares for  at least of MYR 0.335. There is some rumors going around that DAYA has secured a MYR 300 million project (some say, MYR 3 billion but MYR 300 million is more realistic). It is twice the current revenue for the company. I'm expecting the price will be increased in 1 fold to at least MYR 0.52 in due time.

TEBRAU (1589)

This counter currently under my watch list as it own a sizable land in Wilayah Iskandar, Johore and this land has never reevaluated for close to 20 years. The land situated at coastal area of Wilayah Iskandar. With many investment bank recommending a buy for this counter yesterday, the price shot up today with a gap of 1 cent at MYR 0.83 and peak at MYR 0.95 before close at MYR 0.945. Projected NTA more than MYR 3.00 for this baby if the land to be reevaluated. Keep a close eyes on this stock.

   

SPSETIA-CC

This warrant currently on winning streak for 2 consecutive days. Open today with a gap of 0.5 cent for MYR 0.235, its closed higher at MYR 0.255. Gaining a profit of 3 cents on paper, I believe its will move higher as TA candlestick chart shows a hammer for 2nd consecutive day. I'm thinking of keeping this warrant for a while to asses it performance as I'm already paid for it. I'm still waiting for it to reach MYR 0.290 before disposing it. Fingers crossed.    

Momentum Is Your Friend

It was a great day on Monday when I sold 39,000 unit of IRCB at MYR 0.315 (buying at MYR 0.275) and 18,000 of ETITECH at MYR 0.320) (buying at MYR 0.265). Banging profit more than 10%. Cool...but I'm still tired working on update of ISO document, inventory checking and all...failed to browse what on the net for next trading or looking at TA the night before, then came the unforsaken  mistake that I could has avoid. Buying a stock that losing a momentum using contra...then for Tuesday, again with all the tiredness and without looking at TA chart, again I'm buying a warrant with low volume (low volume=low liquidity).

MULPHA (3905) 

That Monday, I feel reluctant at first but I proceed anyway by buying 30,000 unit of MULPHA at MYR 0.655 (a minute after that the price went down to MYR0.650). Note to self, always try to buy at price when many people are bidding for that particular price. By the end of the day, the counter close at MYR 0.655. Huh..what a day! Then, came Tuesday, the shares was traded higher at MYR 0.670. Wow! Lucky me! And today, a massive selling day occurs and the share close at MYR 0.660. And tomorrow, I believe the counter will turn for the worst and spiraling downward as if I'm not mistaken a company has sell 7 million (with capital M) unit of shares after today's' closing. Tomorrow is the last day for my contra (T-3), so better brace for the worse.

AnnJoo-WB (6556WB)

I don't know what got into myself lately as again I make a mistake. On Tuesday, without looking at TA chart as I was busy attending meetings, managing labs, etc, I bought Annjoo-WB at MYR 0.745. Again, stupid me bought higher than the rest of buyers. Nothing much left to say as the price drop to MYR 0.740 a few minute after that and linger around that price almost a whole day and closed at MYR 0.745...after back from work, I just discover that that this warrant is traded at low volume!!!! I'll be damned..although Ann Joo are suitable for medium and long term holding, it is very not suitable for contra player such as me. Today, no much action and trade was closed at MYR 0.750. To make a minimum profit at 18,000 units, I need at least an increase of 1.5 cent with is hard as the volume traded are low. I will give it 2 days more before selling for a lost, probably.

SPSETIA-CC
I'm still holding this baby although it doesn't move tandem with it's mother share. SP Setia has a strong fundamental and currently moving uptrend. Today, the mother share open with a gap of 10 cent at MYR 6.60 and traded higher at MYR 6.69 for the day. The warrant closed higher at MYR 0.23 (an increase of 7%@1.5 cents). 0.5 cents higher than my buying price(MYR 0.225). Still hoping for the best for this warrant.

Incoherent Rambling
In a bull market, always trading with volume and do your homework. Take a look at TA chart and look for information on the net. In a bull run like this, your FA (fundamental analysis) are quite useless unless you are medium to long term holder. As for me, with fund limited at MYR 12,000, punting and contra is the way to go. Always follow the trend. Always follow the smart money (shares buyback, high volume of buying from other institution/company). Buy on weakness. Need to carve all the points into my mind.

Caught In the Moment

Really busy in this time of the year and miss to update this blog. Our lab will be audited in 2 weeks time by internal auditors for  MS ISO 15189 review before the big boys (Department Of Standard Malaysia) audited us again in April or May. Currently our lab has been accredited with ISO 9001 and MS ISO 15189. There's so much to do as our lab recently adopt an interfacer software with our in-house LIS (lab information system) and our biochemistry analyzers. Still have to ironed out few issue regarding the interfacer communicating with  LIS. Many documents, QP and work instruction need to be modified. Lab reagent and inventory need to check etc..so much things to do, so little time. Meeting here and there. Really tired.

Moving on to my trade:

IRCB
(6th January)
I've sold all my shares (21400 unit) at MYR 0.270 bellow asking price (MYR 0.275) at that time due to internet lagging in my workplace. I thought the price will linger at that price for the day. To my horror, by the time the internet connection are back on track, my sell transaction are all matched and the counter currently traded at MYR 0.275. Without hesitation, I bought back 40,000 unit at MYR 0.275. By the end of the day, the counter closed at MYR 0.285.

(7th January)
So much volume has been traded today. The highest for the day at MYR 0.315 and closed at MYR 0.305. Breaking resistance at MYR 0.300...Something funny happened. When the prices reaching MYR 0.315, suddenly someone sell 100 unit at MYR 0.310 and after that 200 unit are traded at MYR 0.305 which push the price down to that level and stay there. Maybe someone/some syndicate are manipulating the stock. For tomorrow's trading, I hope to sell 39,000 unit  at least MYR 0.315.

DAYA
6th January: Dropped 0.005 to MYR 0.235.
7th January: Rebound back to closed at MYR 0.240.

ETITECH
6th January: Closing at MYR 0.305. Up 0.005 cents.
7th January: Opened lower at MYR 0.295 and closed unchanged at MYR 0.305..
I'm still optimistic about this counter.

SPSETIA-CC (8664CC)
5th January
First day trading for this warrant starting at MYR 0.15 but opened for MYR 0.195 at first sound of the bell. The highest was at MYR 0.28 and I caught in this craze and buying 30,000 unit at MYR 0.225 and hoping to make a quick buck at MYR 0.245 but it never came and I'm trapped. The trades end at MYR 0.220. A contra play gone wrong!! 

7 & 8th January
Nothing much for the day.Closed higher on the second day trading at MYR 0.225 but still in red. The next day, closed lower to MYR 0.220. SPSETIA closed higher, gaining 2 cent but why my warrant doesn't move tandem? Actually I'm really new on trading warrant.

Trading For Newbie Cont'd

I'm really sorry that I forgot to mention 2 resourceful and really great sites that I've read before. The first one is InformedTrades at www.informedtrades.com/trades.php. The second one is Swing-Trade-Stocks at www.swing-trade-stocks.com/ . Nice read for newbies.

Trading For Newbie

There is so much resource in the internet on stock trading. For me as a newbie, I believe www.babypips.com are quite useful and very informative (although it's actually for forex, the learning process are similar to stock trading).

As a part time/small (poor) trader, I'm currently using 2 free software which are available in the net fot technical analysis.
1.   ChartNexus - www.chartnexus.com for EOD data
2.   JStock - jstock.sourceforge.net for stock screener.

I hope with this information, it can be used to help you making profits in your trading.

A Bull Run for Second Day in KLSE

For the second day, Bursa Malaysia showing a bull run by gaining 18.47 point to closed at 1551.89 without losing momentum. 

GAINERS	637
LOSERS	233
UNCHANGED	262
VOLUME (Lots)	20,118,626
VALUE (MYR)	2,880,780,691

Top 5 Most Active Counter

KBUNAI	0.210	0.040
TALAM	0.095	0.005
BORNOIL	0.420	0.075
MUIIND	0.225	0.020
HUBLINE	0.235	0.005

Again, I'm too afraid to jump in BORNOIL counter early in the day and miss a golden opportunities for the day. Opened at MYR 0.345 and closing at MYR 0.42. Nice profit if I jump in today but I don't...
Overall, only DAYA gain 1 cent in my portfolio. ETITECH and IRCB are not up to what I expected for today. These 2 counter closed unchanged. I'm hoping these counter to take off tomorrow.

A Bull Run in January?

Today KLSE gain 14.51 points to closed at 1533.42 with 664 gainers, 195 losers and 229 counter unchanged. Below are the top 5 most active counters:

TALAM	0.090	0.005
BORNOIL	0.345	0.150
DRBHCOM-CC	0.505	0.095
SAAG	0.080	0.005
TIMECOM	0.855	0.060

BORNOIL

If you notice, BORNOIL counter are in the list after announcement of MYR80 million profit on Friday. Early in the morning before I went to sleep, I've already placing a booking of 50,000 unit of BORNOIL shares. Busy with helping my subordinate on morning preparation of the diagnostic lab, I'm a bit late to look at bourse. Lo and behold...my placing price of MYR 0.200 (Thursday price was MYR 0.195) were rejected as my account has insufficient fund (Note to self: always make sure the fund are enough before placing an order) and to my horror, the share open with a gap at MYR 0.260. Within a few minutes, it go up to MYR 0.285. I'm a bit scared to enter at that price and I tried placing at MYR 0.260 for 20,000 unit. Its only took 5 minutes and I'm in business. Then without delay, I placed a sell at MYR 0.280 and within 3 minutes, I have a small but healthy profit of MYR 302. Not bad for amateur part time trader, huh?

ASB

I finally get to dispose this counter at MYR 0.205 for a profit of MYR 7.Again, note to self: Carefully check the counter whether it is shari'ah compliance or not. Never want to trade in non-shari'ah counter again. EVER!

MKLAND

Heh..heh..get rid of it in the afternoon with a lost closed to MYR 73 due to processing fee. Although, the counter closed at MYR 0.400, I didn't have time to check the trend for the afternoon after lunch as I was needed to guide 1st year medical student for their lab practical. Placing a sell at MYR 0.385 before running to the teaching lab(literally) as I was quite late (a good 10 minutes late actually). By the time I reach for the computer in the office, the clock a ticking around 4.45 pm and the share was trading at MYR 0.400. My sell placing are already matched. Boohoo...Better luck next time.

DAYA

I believe this counter will make a move in one or two days from now as the volume are slowing increasing and gaining a momentum. Traded at MYR 0.225 before closing, it's gaining 1 cents for today. If there is interest in this stock, I may contra trading following the momentum when the right time comes.

IRCB   

I'm a bit disappointed with performance of this counter. Gaining 1.5 cent to closed at MYR 0.265. Although the news of MYR 8 million profit, the counter failed to fly. Hoping to dispose all at MYR 0.310..
ETITECH
Same as IRCB. Gaining 1.5 cent to closed at MYR 0.300 after opening at MYR 0.285. I'm currently thinking of selling at MYR 0.320 but I will see how tomorrow goes.

My Share Portfolio

Currently, I'm only trading in penny stock because of my limited funding. My portfolio are as below:

1.   IRCB (2127)           21,400          ABP : MYR 0.256
2.   ETITECH (0118)     20,000          ABP : MYR 0.265
3.   DAYA (0091)          4,000           ABP : MYR 0.210
4.   MKLAND (8893)     2,000           ABP : MYR 0.380
5.   ASB (1481)            5,300           ABP : MYR 0.185

ABP: Average Buying Price

ASB
Tomorrow, I will sell all ASB share as I only noticed 3 days ago that the counter is not shari'ah compliance. As a muslim, I only trade in shari'ah compliance counter. I was failed to take notice of the share before buying it .

IRCB
Latest unaudited financial result on 30th December 2010 shows an increase in profit from MYR 300k to MYR 8 million. Tomorrow, I hope the share will shoot up and will dispose the share around MYR 0.305.

ETITECH
Based on TA, I believe the share will rise a bit more and I'm thinking of disposing at MYR 0.300 and above.

DAYA & MKLAND
Waiting to dispose for some profit as I"m in process of consolidating all my fund and will only trading one or two counter at anytime after this. Having many counter with small lot make it harder for me to disposed the share with profit as processing fee for buying and selling are quite high as the share need to rose at least 5 cent from buying price just to make it break even.

BORNOIL (7036)
Anyway, tomorrow I will que for BORNOIL (7036) counter as latest unaudited financial result showing a healthy profit of MYR 80 million. Although, the counter has BORNOIL-WA and BORNOIL-WB, I'm not jumping into that as it is a bit risky as my fund a limited to punt around.
 

My Bursa Malaysia Journey

Never thought that I will jump and swim in trading stock someday but I did. Purely by chance. After my promotion to another department, I was sitting next to a veteran player (if I may say) in Bursa Malaysia trading. Before I know it, I already registered an account in local investment bank and start trading on 14th December 2010 with a capital of MYR 11k. Nothing much to shout about my accomplishment so far. Starting with purchasing 10 small lot of Adventa at MYR 2.06 and having a cold feet after watching it fell to MYR 1.90, I jump ship on 22th December. What do you know after market closed for the day, the company announce a 220% increased in profit and the stock surge to MYR 2.64 the next day. Haiyo...a lesson learned...

A New Day To Start A New Year

Happy New Year! I wish we all have a good health for days to come. It is good to have holiday on Sunday in Kelantan for celebrating Malaysia win in AFF Suzuki Cup by beating Indonesia in their home turf. Lets chill out and enjoy this festive & jovial mood.