BJTOTO finally goes EX on 06-Oct-2010 for 8 sen tier 1. Will be looking for opportunity to offload this counter. I do not think sin sector is a place to stay invested for the moment. The current Fed does not like sin sector too well. But looking at the way V.Tan has been "accumulating" BJTOTO shares, surely this babe still has got it? Me? I am just waiting for the frying to start proper. But will patiently monitor the quarterly reports and sin sector development - caveat emptor.
KLCI moves in interesting way. The last few candles are interesting. Infact, the last 2 candles are mighty interesting. My cat sense is telling me KLCI is going to test recent high.
Oh, right. The three years plan. Finally completed my portfolio rebalancing. Took me 3 years to re-couped my more than 50% capital loss, or internment tuition fee if you will. But it was pretty taxing having to monitor the market and skimming through charts every night, planning and executing trades. And to continue with this strategy will also means either increasing trade size risk or frequency of trades to maintain fund's return as the capital base increases.
With that in mind, I am rolling out my next three years plan with the aim of doubling my capital base in 3 years, Warren Buffet style. I have got this affinity to "3". Just to kick-off, I will create a simple reference for benchmarking with last done price, with weightage assigned.
3 primary anchors:
AXREIT - 1500 units @2.18
ARREIT - 3000 units @0.90
KPJ - 1000 units @3.52
3 secondary satellites:
CIMBX25 - 500 units @1.055
YTLPOWR - 200 units @2.30
BJTOTO - to be re-deployed into financial sector to complete the satellites formation.
+ 10% Cash - should irresistable offer comes along. Pity I did not manage to scoop any DIGI when it plunged to RM21 !! LOL.
So what's out the window? The nightly charts skimming. The scrutiny of news, reports and recommendations covering the what-not counters. These ain't great conversation materials to start with, but a magnet for "what to buy?". And time consuming.
So what's in? Quarterly reviews and minor rebalancing as needed. Macro and economic policies follow up. Making sure my investment assumptions are still valid. Daily quick chart review of the chosen 3+3. Occasional charts skimming.
So let's see what goodies 'Jib got for me come 15-Oct...
