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.
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.
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