Tuesday, February 09, 2016

CNY Day #2

Happy CNY to all Chinese readers ... thanks for hanging out here. Food ... laughter ... gathering ... and more food. For the younger ones, angpow-angpow ...

I brought my mom and family ... to Jenjarom's Temple. It is well-known, huge and well-decorated. Bought few books about 'life' and 'buddhism'.


Give confidence to others

Give hope to others

Give joy to others

Make things convenient for others.

........ Then, came back home to nap zzzz ... and off to One-U for dinner. That was my first day of CNY 2016. Chinese are celebrating a new year .... a MONKEY year.

Today is more relax as we will be staying at home. My sis will be visiting and will go for family dinner at my Aunt's place.

Last night ... after 9.30pm ... this is my activity --- trading oil. This is a demo-account. Will explore more and take real trades in Mac. Last night, gained USD95.43 (net). While I m still focusing in FCPO (doing well whole 2015, doing well in Jan only to lose back in Feb so far) ... at nights, I will be focusing in crude-oil futures and it is very-very liquid(and volatile too).

Last night crude oil-price hanging above USD30. Till tonight ...

Time to get moving again ... and enjoy my CNY with family.

Have a nice day ... then only check Bursa in 'red' tmr.


Saturday, February 06, 2016

My trades 2016 : Good and Bad

It is Saturday noon ... 2 days to CNY 2016. Finally ... all classes taking a pause. I will be 'free' for a week!! It is a once-a-year occasion ... for Chinese to celebrate the 'ang' day.

I have not prepared for it!! Didn't buy the deco or flowers to decorate the home ... just a 'fook' which I grabbed from Penang's Kek-Lok-Si ... not expecting many to visit me (all welcomed, contact me ... come visit and chat about stock-markets! haha). Didn't even buy drinks or biscuits as a tuition student's parents gave me a huge hamper.

Let me try to recall few of my trades so far ... in 2016 (there are too many ... we discuss the very bad and very good ones)

It has been a bad Jan ... and good Feb so far. Haha ... In Jan, my bad trades were in EG and FLBhd where I have to cut-loss in both. Well, traded both when they were uptrend and profited. But ... once the trend changed, we have to exit ... just that I exited too slow. A good lesson to learn (these are two stocks I picked to trade ... following KYY's pick).

The BAD : EG and FLBhd

EG : It dived so sharp ... that getting out asap is not really easy ... so, when I rebounded ... I was still in profit position but did not take. It dived again and finally ... when the support broken ... I have to bite the bullets ... and let the pain go. It is a good lesson to learn how to exit ASAP when trend changed. It is a very very important in trading ... as we might get stuck(I have many of times being trapped) and we have cut-loss ... hugely, eventually.

FLBhd : The gap closed ... RM2.55 support broken ... exit. cut-loss. out-out-sell-sell ... that is what I told all in the group. Whether take profit or cut-loss ... the uptrend is over. Nah ... I will never blame on others for my losses or mistakes. It was my choice to trade on these stocks, tho I know it is pushed up for operators to distribute to retailers. It is playing on low 'oil-price' and strong USD(read weak MYR) ... and once the slightly rebound in oil(haha ... oil dived to USD28 and rebounded to USD33 in a week!!). Technically RM2.40 becoming a resistance ... it has run way to fast up ... now, diving will be faster as some retailers might be forced to cut-loss (margin call?) or when the pain of losing is ... unbearable.

Note : Glove-sectors such as TopGlove and Kossan is diving down too ... Karex and such.

The GOOD : O&G and Telcos

Perisai : Bought at 24.5 average, and managed to sell all at 28-28.5cents (resistance) in 3 days ... due to oil rebounded from USD28 to above USD32. Then, it retraced and the next day I have to take profit in Alam, SKPetrol and Armada. As Perisai was the first O&G counter I bought immediate I saw the oil-price rebounded, the profit is the best. The next day ... many oil-counters rebounded ... I grabbed Alam and SKPetrol. Then ... was late in Armada as I bought only after it went above RM1 and sold for small profits. Anyway ... it was a good experience to trade oil-counters when oil-price. rebounds. Missed Dayang at RM1 ... it went up to hit RM1.15(I think).

Maxis : Talk all you want about spectrum ... where they might need to donate RM1bil plus to gov. Paint all the bad news ... so that it dives further down to create that 'panic selling'. The RSI was at 12 ... ridiculous level ... so, I buy hugely in the midst of bad-news ... noises everywhere about how that PM's announcement will affect the telcos sector. Take it ... and sell RM6.15 resistance. SELL at resistance and once breakout of RM6.20 ... then if it goes back to RM6.60 level .... as the noises subside ... no one will tell you about the spectrum. The Star or The Edge will tell you that this is a dividend stock, defensive play for 2016 etc etc .... soothing to investors hearing.

PLAY ON BAD NEWS on GOOD COUNTERS. That is my policy in catching knives. Use technical rebound (learn it as market going to dive like crazy ... and it will be very volatile).

I am out of O&G and Telcos ... Telcos is out for me, now need to check on Plantation as CPO above 2500 now. I will still aim on O&G counters as it is the play of the 2016 year.

Oh yes ... I still have half BIMB , which is another good trade. Bought at RM3.25 level, sell all at RM3.70 resistance level, if possible.

Kossan : Should I catch Kossan next week ... releasing my BIMB?

e-mail : I do have few e-mails requesting to join my trading group. Great ... will reply later and hope they will join. e-mail me at cpteh@yahoo.com

Time to rest ... go jalan-jalan at night and CNY mood start

Happy CNY to all readers.


Friday, February 05, 2016

From RHB to Maxis

RHB : My blue-chip funds was inside RHBCap ... on the day it surged, the timing was just right to released most of my funds (profit taking) to jump into telcos. I have started to nibble into Axiata and Maxis then ... and didn't expect them to dive further ... Maxis was at a point minus 10%(buy during cheap sales la).

Maxis : This was last Friday ... Thu it dived ... given us opportunities. You need to know why it dived, ok? Doesn't make sense ... it dived 8% on Friday and I started to collect ... all the way to the tip-low. The great thing I have done was to release the funds from RHB and moved into Maxis  ...decision made in matter of minutes!! In 10-20mins time ... I am already managed to sell most RHB  and stacking into Maxis (Axiata done too).

I might want to document it ... for sharing experiences purposes. Still feel daze ... wonder what hit me when I was so ... alert. Many of times, I m slow in re-acting.

Apply the fear is BUY ... my BIMB is doing well now. Bought BIMB on Wed, and top-up yesterday ... today it is doing well.

BIMB : Rebounding well above RM3.40 at the moment.

Will write more details ... about the recent selldown in Telco ... rare opportunities.

Got to go ...


Thursday, February 04, 2016

Stock Watch : Maxis and Axiata

Maxis : When the three telcos down (thanks to our PM mini-adjustments), I liked Maxis the most ... bought all the way down with average Rm5.75. Prepare another huge chunk in case it dives lower ... but ...err ... it did not.

Sold part RM5.95 ... then yesterday morning was in red due to bad market sentiment. I bought back and more at average RM5.84.

Today ... thanks for oil-rebound and good market sentiment, I just sold ALL my holdings at RM6.07-RM6.10, and pointing to members to SELL around RM6.15 resistance and say ... TQ for the CNY trade.

At the press-time (LOL) ... it is trading at RM6.12.

Good luck ... these are rare opportunities.

Axiata : Managed to grab at the tip with average at RM5.48 ... but sold her the next day at RM5.78.

At press-time ... it is at RM5.77 now.

Have a nice CNY break ...


Tuesday, February 02, 2016

Telcos : Rebounded today

Axiata : Bought all the way down to RM5.29 done, the tip low last Friday was RM5.27(I was queueing to buy more at RM5.25 not done). It closed with a long tail doji and I added before market closed. Today .... shot up ... sell RM5.78 but it hit RM5.90. Wat a strong rebound for my short technical-rebound play.


Maxis : I am heavier into Maxis as last Friday, I bought all the way down to the tip(it dived 10% in a day ... how can la?) Today, I released some at RM5.95 done and selling off tmr RM6.20 level and say thanks to the 'bad-news' announcements.

Digi also rebounded but I do not buy into Digi. I was hoping Maxis will dive further today .... but it did not.

O&G : I have to sell all the O&G counters today as oil-price is reversing ... hitting USD30 now. Sold my Armada, SKPetrol and Alam for profits.

Perisai : This one is the best trade of all my O&G as I sold her off last Friday at resistance 28.5cents (collected around 24.5 cents)

For those wish to join my e-learning are welcomed. I will be having my 3rd session tmr night(every Wednesday 9pm to 10.30pm). It is thru online and 'live' discussion on HOW and WHY. That is the best way of learning.

Those wish to join my stock-watch group, to check on the trades I m taking are welcomed too.

Contact : 012-821 0129 or e-mail cpteh@yahoo.com

Trade at own risk.


Thursday, January 28, 2016

Stock Watch : Telco-counters


While I was bullish in O&G 1-2 weeks again as it hit USD28 ... being a contrarian, I told all why I like O&G the most. So ... I jumped into O&G counters ... holding three counters at the moment. Adding and averaging-up tmr ...

So ... as I written a little about SKPetrol which I bought (will add if above RM1.70 tmr ... which is likely as crude-oil just jumped to be above USD33 (hit 34plus)) ... let me talk about the DIVING stocks.

Wanting to write about Gloves-counters ... reserved that for weekend. Wanting to write about overly played export-counters .... many will hold to the down trending now. Next time ... today, we talk about the so-called revised budget ... and hitting TELCO hard ...

wow ...Axiata, Maxis and Digi ... shot down to support.

Axiata ...

Digi ...

Maxis ...

Which one should I take tmr? Hmm ... difficult decision ... haha.

Thanks for the opportunities ... join me in my stock-watch group.


Monday, January 25, 2016

Talk of the week : OIL

OIL dipped below USD28 ... twice cheaper than milk (haha) and went below the price of the SOY-futures I m tracking!!

BUT ... what a rebound last Friday ... shot up from USD28 to USD32 ... wow. Currently it is trading around USD31.

So ... we shall see short-term speculation on O&G counters ... leads by SKPetrol(see chart above).

The smaller ones such as Perisai and KNM will be hot-ly debated as good punts? Or perhaps ... betting on "bungaraya" to find some oil?

Hibiscus : Low at 13cents, closed 16cents ... if one is holding at RM1.60 ... we could never be able to recover! Taking it as a painful lesson not to invest in SPAC ... move-on.

Even buying Perisai at RM1.00 level ... will lose us a lot. Yes, I have been moving away from O&G since it dropped below USD80 ... and now, it is time to check on them as I do think the whole sector being sold-down ... overly done. Someone keep pointing to USD20 ... yelling a SELL. It is time to be contrarian.

Perisai : MOved back above 24cents ... using 23cents as cut-loss, it is punting time. BUY 24-25cents ... ok for the risk.

Will have e-meeting around 9.30pm with trading members later and the hot-stocks will be from OnG.

Very OnG ... for 2016.