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 ...