23 Sep 2010, 9am sharp. Took out my branch trimmer started snipping away the deadwoods. Plucks some low hanging fruits for a snack. And the bull hit the sack.
The next few days, planted a few new seeds, give 'em a good watering. Starting to germinate. Waiting for a good harvest come the harvesting season.
It is an art. There is no exact science about it. It is about tilting the odds in your favour. Once you lost your mojo, once you can no longer read the lines clearly, once you don't like how the story is unfolding, then the odds are no longer in your favour. Best to reduce positions and re-assess the situation. Feel the mojo.
I think the bull has woke up from his little nap, but still feeling a bit groggy. Perhaps will laze around munching grass before trotting on. Up or down, that is the question.
Tuesday, 28 September 2010
Wednesday, 22 September 2010
Taking some dough off the table
The market is starting to look weary. I think it is time to reduce open positions and consolidate fund while looking for new opportunities.
KPJ made new low. Testing ema81. Is it time to panic? Yeah, potential to meet 3.24~3.26 support. Was I waiting for ages there! Should I cut and wait at 3.24~3.26? Nah, going to scoop up some more :)
Sometime rotating trades among few favourite counters is sufficient to earn peanuts off the market. It is a big ocean out there with thousands of species of fishes. Get to know a few fishes well and you can reel them in with better ease. Of course sometime I feel more adventurous and go for electric eel or puffer fish.
Back to KPJ. Initial foray was at 2.6x level. I think by now my effective entry is a good figure below 2.00 after a few churns, not inclusive the dividends received. Looking to top up should KPJ tests major support. Fundamentals are intact.
In the meantime, time to rebalance my portfolio. Shakes off a few deadwoods. Reduce some positions. Top up my fav REIT counter and keep fingers crossed for budget 2011 goodies. The goodies gotta come sooner or later if the fed is serious about making our market more competitive.
KPJ made new low. Testing ema81. Is it time to panic? Yeah, potential to meet 3.24~3.26 support. Was I waiting for ages there! Should I cut and wait at 3.24~3.26? Nah, going to scoop up some more :)
Sometime rotating trades among few favourite counters is sufficient to earn peanuts off the market. It is a big ocean out there with thousands of species of fishes. Get to know a few fishes well and you can reel them in with better ease. Of course sometime I feel more adventurous and go for electric eel or puffer fish.
Back to KPJ. Initial foray was at 2.6x level. I think by now my effective entry is a good figure below 2.00 after a few churns, not inclusive the dividends received. Looking to top up should KPJ tests major support. Fundamentals are intact.
In the meantime, time to rebalance my portfolio. Shakes off a few deadwoods. Reduce some positions. Top up my fav REIT counter and keep fingers crossed for budget 2011 goodies. The goodies gotta come sooner or later if the fed is serious about making our market more competitive.
Friday, 17 September 2010
5106 AXREIT
AXIS REIT, 5106 AXREIT
Yep. A really long shot. Price did not retrace with new issue listing. Be a good chum and retrace a bit. Even RM2.00 will be swell.
Waiting for a blue moon seems a lot easier and certain. Today is Sept 17. Budget 2011 will be announced on Oct 15. Only 3 weeks entry window left, betting on the WHT to be reduced or abolished. That will be a catalyst for upward price target re-rating.
If the proposal for more speedy and more frequent fund size increase is allowed, given AXREIT track record of yield accretive acquisitions, I would think RM 2 Billion mark would be achieved sooner rather than latter. DPS would easily surpass 20 sen mark.
Down risk? Nothing serious :)
Yep. A really long shot. Price did not retrace with new issue listing. Be a good chum and retrace a bit. Even RM2.00 will be swell.
Waiting for a blue moon seems a lot easier and certain. Today is Sept 17. Budget 2011 will be announced on Oct 15. Only 3 weeks entry window left, betting on the WHT to be reduced or abolished. That will be a catalyst for upward price target re-rating.
If the proposal for more speedy and more frequent fund size increase is allowed, given AXREIT track record of yield accretive acquisitions, I would think RM 2 Billion mark would be achieved sooner rather than latter. DPS would easily surpass 20 sen mark.
Down risk? Nothing serious :)
Tuesday, 14 September 2010
Charging Bull
Don't know how to describe the KLCI bull. Unbelievable. What can I say? Enjoy the ride (if you are in the right counters).
NCB and SCABLE have moved. Practically everything moved. Just a question of magnitude and momentum.
Yeah, just going to enjoy the ride. Not going to enter any new trades for the time being. Not with the bull charging. Sigh, mixed fortune. How nice if I have picked all the right counters and watch the syndicates rotate amongst those counters. Everyday at least one counter +5% or more while the rest consolidates.
But I am going to try my luck with 5106. This is going to be a really really long shot.
Details of corporate proposal:
68,819,800 new units in Axis Real Estate Investment Trust ("Axis-REIT") ("Final Tranche Placement Units"), representing about 22.4% of the existing units in Axis-REIT ("Units") in circulation of 307,081,200 Units at an issue price of RM1.97 per Unit, being the final tranche of the placement units of 120,000,000 Units
Listing Date: 15/09/2010
NCB and SCABLE have moved. Practically everything moved. Just a question of magnitude and momentum.
Yeah, just going to enjoy the ride. Not going to enter any new trades for the time being. Not with the bull charging. Sigh, mixed fortune. How nice if I have picked all the right counters and watch the syndicates rotate amongst those counters. Everyday at least one counter +5% or more while the rest consolidates.
But I am going to try my luck with 5106. This is going to be a really really long shot.
Details of corporate proposal:
68,819,800 new units in Axis Real Estate Investment Trust ("Axis-REIT") ("Final Tranche Placement Units"), representing about 22.4% of the existing units in Axis-REIT ("Units") in circulation of 307,081,200 Units at an issue price of RM1.97 per Unit, being the final tranche of the placement units of 120,000,000 Units
Listing Date: 15/09/2010
Unbelievable
Don't know how to describe the KLCI bull. Unbelievable. What can I say? Enjoy the ride (if you are in the right counters).
NCB and SCABLE have moved. Practically everything moved. Just a question of magnitude and momentum.
Yeah, just going to enjoy the ride. Not going enter any new trades for the time being. Not with the bull charging. Sigh, mixed fortune. How nice if I have picked all the right counters and watch the syndicates rotate amongst the counters. Everyday at least a counter +5% or more while the rest consolidates.
But I am going to try my luck with 5106. This is going to be a really really long shot.
NCB and SCABLE have moved. Practically everything moved. Just a question of magnitude and momentum.
Yeah, just going to enjoy the ride. Not going enter any new trades for the time being. Not with the bull charging. Sigh, mixed fortune. How nice if I have picked all the right counters and watch the syndicates rotate amongst the counters. Everyday at least a counter +5% or more while the rest consolidates.
But I am going to try my luck with 5106. This is going to be a really really long shot.
Saturday, 11 September 2010
Q2'10 updates
Now that reporting season for Q2 2010 is over...
KPJ seems to has a new dividend policy; quarterly dividend. 6.5 sen over past 2 quarters or 13.0 sen annualized. Annualized EPS is 21.46 sen giving a PER of 16.3x at RM3.50 closing price. Patiently waiting for the latest round of asset injection into Al'Aqar REIT for share swap to be completed.
ARREIT. 1H10 yields 3.86 sen or 7.72 p.a. giving a neat 8.58% GDY at RM0.90. That is pretty much it, being the nature of REIT... mundane, unexciting. But the more fun-lovin' REITs have slightly more life. We'll see in due time if the PKNS assets injection provide the needed boost. Looks good I last checked :)
KPJ seems to has a new dividend policy; quarterly dividend. 6.5 sen over past 2 quarters or 13.0 sen annualized. Annualized EPS is 21.46 sen giving a PER of 16.3x at RM3.50 closing price. Patiently waiting for the latest round of asset injection into Al'Aqar REIT for share swap to be completed.
ARREIT. 1H10 yields 3.86 sen or 7.72 p.a. giving a neat 8.58% GDY at RM0.90. That is pretty much it, being the nature of REIT... mundane, unexciting. But the more fun-lovin' REITs have slightly more life. We'll see in due time if the PKNS assets injection provide the needed boost. Looks good I last checked :)
Thursday, 9 September 2010
Trading idea
SIME 4197
Placed on my watchlist since week2 Aug. Good pattern formation with indicators hooking up.
At a cross road. Trapped between a downtrend line and ema-81w, FB23.6%. Last few candles and indicators are looking nice.
PARKSON 5657
Placed on my watchlist since mid-Aug. Been under accumulation with increasing urgency towards end-Aug.
Looking gold.
BJCORP 3395
Placed on my watchlist since Sept 8. Closed above ceiling today.
That's kind of a hurry :(
NCB 5509
Placed on watchlist on Sept 8. Closed above ceiling today.
That's kind of a hurry :(
SCABLE 5170
Placed on watchlist on Sept 8. Formation setting up. Did not close above ceiling today. Good! No hurry ok? Let me watch first for a day or three...
Placed on my watchlist since week2 Aug. Good pattern formation with indicators hooking up.
At a cross road. Trapped between a downtrend line and ema-81w, FB23.6%. Last few candles and indicators are looking nice.
PARKSON 5657
Placed on my watchlist since mid-Aug. Been under accumulation with increasing urgency towards end-Aug.
Looking gold.
BJCORP 3395
Placed on my watchlist since Sept 8. Closed above ceiling today.
That's kind of a hurry :(
NCB 5509
Placed on watchlist on Sept 8. Closed above ceiling today.
That's kind of a hurry :(
SCABLE 5170
Placed on watchlist on Sept 8. Formation setting up. Did not close above ceiling today. Good! No hurry ok? Let me watch first for a day or three...
Subscribe to:
Posts (Atom)