Thursday, August 22, 2019

Bad Quarter Reports

news : AirAsia X sees its net loss deepen significantly in 2QFY19 to RM207.1mil from RM57.5mil a year earlier.

AAX : continues to bleed ... would it goes to new low tmr? We shall check the target price given at 14cents.

Aemulus : bad QR too ... tmr see can grab some if diving

CJCen : closed 40.5 cents ... shall check if tmr would gap down and break 36cents low. Logistic is still crashing lower ...

There are many more ... tmr check if those gap down.


Importance of CUTLOSS

Morning has been a yoyo week ... up-down.

Yesterday, i have lunch with a friend ... as she was showing me her 'portfolio' which stuck up there. As those are goreng-ed lousy stocks without much volume now, I have given her possibilities but the best is still cut-loss since stuck for 4-5 years. Then ...keep the remaining capital safely .... wait for crisis to re-coup some losses.

Give an example here ... if u stuck up there, say ...PRIVA for whatever excuses you could say, what should we do? buy more? or cutloss? Or just let it be ... one fine day, it might goreng up?

Quiz : WHY majority wont cutloss small ... but waited till so so low ... to decide if want to cutloss or not?


Saturday, August 17, 2019

Property Stocks : M

Morning to DOW plus 300 points, rebound from that day minus 800.

Property Index falling to new low this week ... so, IS PROPERTY SECTOR bottoming out like most property gurus talking about? Then ... how about buying property-stocks ... and hold?

Let me pluck few property-stocks ... say, starting wih letter M

MCT (PER 4.53 with NTA 0.61) At new low level ... buying? Low PER and higher NTA.

MahSing (PER 8.14 with NTA 1.45) ...breaking support too ... at 88cents, where is the bottom?

Malton (PER 18.95 with NTA 1.74) at 49cents, this is always been in play ...

MKLand (PER 12.53 with NTA 1.00) at 17cents,  long time no check her ... wow. below 20cents now. How low is low?

MKH (PER 8.62 with NTA 2.72) at low RM1.12 ... is it a BUY?

Well ... the whole sector crashing ...still reaching for new low. Imagine this ...if you STUCK up there, would you cutloss NOW (so low ? ) or average down?

Matrix : ( PER 6.87 with NTA 1.68) ...Trading at RM1.90

Is Matrix the only M not at new low and still sdeway?

Have a nice weekend ...  let's rest.


Thursday, August 15, 2019

SELLDOWN to continue

It is mid-AUGUST 2019 now ... DOW minus 700 points as I m writing here. SELLDOWN further in KLSE later ... breaking 1600 is critical ... will we be breaking 1580?

Cut-loss is CRITICALLY important if we are stuck or holding to stocks that drifting lower. Lose small ... to survive.

Not allowing emotion to be in play ... we need to manage the downside. Currently I m into mostly oversold big-cap , yet they are drifting lower without bottom to be seen.

Financial Index is oversold. So ... I m buying into this. This is the one dragging KLCI down ... the rebound of banks will see KLCI to rebound. Financial is heaviest in our KLCI. The selldown seem to be not over yet. Nibble.

Construction Index showing at support ... but the current bad sentiment could mean we may see huge downside. Avoid.

What to avoid are those small-mid caps ... speculative and hot-stocks : example KNM, GPacket and such. Also those shot-up high-high due to certain hot-news ... and those not down yet (Frontkn etc).

I hope to see ... selldown of 20-30% in those stocks like Inari, Greatec and so ... then, we will start buying again.

Hope all sit tight ... and watch the selldown show ... which expected to continue.


Tuesday, August 13, 2019

KLCI at 1596

KLCI minus 18 points.

Opening sell : AirAsia 1.88 ...GenM 3.17 and BAT RM23 (ex-div).

holding : still holding some blue chips to add ... add more as it is not a CRASH leh ...this is a sneeze. Worry more for those into Frontkn and such. Those buying KNM ...if they lose money, they are asking for it.

So ... while the selldown is focused on big caps, I will focus in buying them.

Got to drive down to Muar now ...visiting nurseries. Haha

Continue later.


Saturday, August 10, 2019

Crashed Sector (AUG19) : Properties

Quiz : Is the property sector bottomin out in 2019? If so ... why not invest in property stocks?

property-index chart

E&O (NTA 1.40 and PER 18.80, Market Cap RM1.173bil) : reaching to new low .. at around 80cents level now.

Ecoworld (NTA 1.49 and PER 12.86, Market Cap RM2.297bil). Hit new low at 72cents this week but closed 78cents to form a 'hammer'. Reversing from here?

KSL (NTA 2.80 and PER 3.83) : back to 80cents after a short surge due to 'good media' report.

MahSing (NTA 1.45 and PER 8.28, Markt Cap RM2.173bil) : at critical level of 89.5cents ... will it breaks to go lower?

6.20 am .. time to rest zzz and to wake up later for a class. Will update in noon or night. check my blog for updates :


Long Weekend : Trip to Melaka

3.30 am : Liverpool is leading 3 - 0 vs Norwich.

AirAsia : from the chart RM2.05 level is a SELL as that is called RESISTANCE. Then, weshall wait for pullback ... and buy on reversal.

AirAsia is a very good trading stock as it swings up-down many retailers would like her too.

AirAsia is always in my list to trade ... so, that is what traders should do, put these stocks in their list. Watch in regular basis to check reversal ... trade them. Buy as large at 'low' point ... check cut-loss in case market going against us ... and let it run. Currently, I recommended my group to buy around RM1.80 and I bought too (disclaimer : blah blah)

We do not need many stocks ... just focus in few ...say, 10 in our trading list and wait for opportunities.

Recently KLCI dived below 1600 ... for a while before making that rebound to above 1600 ... so, that wouldbe time to BUY. Check our list ... see any counters dived much to say ...oversold or support. BUY with a cutloss in mind.

When market rebounds, take smaller ones them short term. Sell them off ...those swing-volatile-smallish stocks ... which holding to the giants.

5.25 am : Final score 4 - 1 vs Norwich City

DOW minus 90points only ... after an early scare of minus 200 plus due to the tweeter-man.

HSI-call-put : Was shorting HSI well ...suddenly turned long few days ago ... and it failed to rebound and killed me. So, turning short again. HSI-futures closed minus 172 points.

Holding : few blue-chips heavy-weights

Sold : Myeg, Inari, HSSEB and Dsonic.

Failed to sell : Armada (target sell 24cents)

Melaka Trip : As Monday is an off day ... I m planning to visit Muar (nurseries are the target) and stay a day in Malacca ... those which to meet-up, message me 012-821 0129 ... if I could find the time, surely will.

Have nice loong weekend ... fight again on Tuesday.


Friday, August 09, 2019

Sell to buyback lower

Today is Friday ... DOW up 371 points ... yesterday, KLCI up a lot.

I started to buy on Tuesday when there is blood around on the street ... I had an e-meeting on Tuesday night to explain should we be buying and the risk involved ... then, Wednesday continue to buy ... yesterday, still buying. Now ...from cash positions to heavier inside ..

I sold most last week Wednesday till Friday.

Traders always looking for bargain. sell for profits ... or cutloss ...keep cash for selldown. Then, buyback cheaper. Easier said than done.

Example : I sold MYEG 1.68 ... Now, I bought back MYEG ..cheaper.

Trading is to SELL at resistance and high level, check if we could buyback during pullback.

Investing is to buy-hold ... and average down. BUT not for 2019 ..2019 is a trading-market, so ... buy to invest ONLY during crisis/crash.

If one could not understand cutloss .... and get out (do not get stuck), then he/she is not trading.


Thursday, August 08, 2019

Happy 11th Bday

... my blog.

I started this blog 8th Aug 2008.

It has been 11 years ... and my trading adventures continue ...