Bursa has set 16th July 2009 as a tentative date to implement the new minimum bid structure. This is part of the efforts to improve overall competitiveness and trading efficiency of Bursa Malaysia securities market.
See belows proposed structure :-
Price Range----------Current Tick-----Proposed Tick
Below RM1.00------------0.005------------0.005
RM1.00 to RM2.99--------0.01-------------0.01
RM3.00 to RM4.99--------0.02-------------0.01
RM5.00 to RM9.99--------0.05-------------0.01
RM10.00 to RM24.99------0.10-------------0.02
RM25.00 to RM99.99------0.25-------------0.02
RM100.00 and above------0.50-------------0.10
Do you think this is a bad ideas ??
Previously a tick for RM5 stock to make money, now you would need 5 ticks to achieve that.
89 comments:
This moring, market slump to as low as 19pts in less than hour!!
However, most of the regional market up, prompted bursa to narrow its loss to just 7pts. Most of the penny stock are trying to recoup earlier loss from panic sell earlier. What a volatile market!
Take this oppurtunity to trading buy on bjtoto. Make intraday contra gain on bjtoto: sold first in early morning at 5.20 and bought back half later at 5.15.
Also take this oppurtunity to venture into oil and gas sector: Bought Pantech at 72-72.5sen; bought also addition keladi at 15.5sen. all using margin line.
In regard to revision on minimum bid, i strongly disagree.
If materialize, will definitely affect market momentum, especially for bluechip, whereby most of them are trading in the region of 4.00-10.00.
Just sold off all Pantech at 74-75sen, realize intraday gain in afternoon session.
not bad on PANTECH.
market drop 11points.
I don;t like the idea of minimum bid as well. most big cap stock will need to work harder for it upside.
Market resume downward pressure in the afternoon session, closed down 13.5pts.
Bought back total of 80% bjtoto at 5.15, realize intraday gain,
sold 20% bjtoto for T+1 gain.
Total portfolio now:
80% bjtoto (RM 5.28)
20% keladi + 10% keladi margin line (15.5sen)
Market is expected to continue healthy correction, with immediate support at 1000pts.
Meantime, it should also offer a lot of bargain during this bearish market, is like 'Megasale' and share are offer at discount price
Bought additional 40% bjtoto at 5.05 this morning. Market under another round of correction, down more than 14pts.
Portfolio now have
80% bjtoto (RM 5.28)
20% keladi + 10% keladi(15.5sen)margin line
40% bjtoto (RM 5.05) margin line
Queuing to buy Resorts & Genting.
Almost 15points down.
Take months to go up & take days to come down.
Its good if you can average down your holding cost on Genting and resort. Alternatively, buy lowest, sell low to take downward trend profit.
It is common mistake among retail investor: too soon to take profit in bullish market and too late to cut loss in bearish market.
With crude oil down below 70, palm oil below 2200 and HINI pandemic, outlook for short term market is quite bearish. Take startegy to limit loss and stay calm.
Decided to join your bid for resorts.
Bought 20% resort at 2.50, using margin line.
Portfolio now have
80% bjtoto (RM 5.28)
20% keladi(15.5sen)
10% keladi (15.5sen)
margin line
40% bjtoto (RM 5.05) margin line
20% Resort (RM 2.50) margin line
Gotten Resorts at 2.50. Still queuing Genting at 5.
hng,
your margin line reached 70% already. wow, good to have margin trading even used up capital also can trade further, won't lose out good opportunity when it come.
Oh, yes! Sold off all resort at 2.55, realize more than a k intraday profit. Must thanks you for remaining me to apply similar strategy as bjtoto on resort.
Take this oppurtunity also to bought more bjtoto at 5.05, using maximum margin line.
Portfolio now have
80% bjtoto (RM 5.28)
20% keladi(15.5sen)
10% keladi (15.5sen)
margin line
40 + 50%% bjtoto (RM 5.05) margin line
Horse
With margin line facitity, it allow me to trade more than million worth of share. However, must extra careful when using margin line, as this could be double edge sword.
Use margin line only to cushion any paper loss in portfolio and increase chance to break even in falling market, Similarly, it also increase chance to enhance capital growth during bull market.
Although margin line do incur interest, but as long as it is for short term, preferably within T+3 trading day. In addition, chance of return must be high to cover any interest cost and excess risk.
I wonder intraday trading on margin does it incur interest ? since you get rid of them within few hours,,,
There is no interest charge as long trading is within T+3.
Market are now trying to pare down loss in view of oversold position and limit Asian loss as well as rebound in European market
European market are rebounding now, hopefully it would provide some clue tomorrow if US also follow similar pattern.
Portfolio now fully invested and use up all available margin line.
Portfolio now have
80% bjtoto (RM 5.28)
20% keladi(15.5sen)
10% keladi (15.5sen)
margin line
90% bjtoto (RM 5.05) margin line
sold my resorts at 2.58.
Good trade, I'm still q to take profit from bjtoto and keladi.
market up 10 points, should not be any problem disposing them on strength.
Capitalize on today strenght, deleverage gearing. Sold all margin line stocks:
Sold 90% bjtoto at 5.10, realize slim profit. Sold also 10% keladi at 16sen.
Portfolio now have
80% bjtoto (RM 5.28)
20% keladi(15.5sen)
good trade.
can reutilise the margin line again.
Market up again this morning, sold off all keladi at 16sen, realize all paper profit first.
I previously pointed, there was possibility of keladi announce notice of AGM, without date of dividend.
The dividend is subject to approval duing AGM, Hence, the official entilement for dividend date will only announce after AGM next month. Investor may need to wait for at least another 3-4wk.
Portfolio now have
80% bjtoto (RM 5.28)
Just bought maximum bjtoto again at 5.05 in the afternoon session.
Portfolio now have
80% bjtoto (RM 5.28)
20% bjoto (RM 5.05)
100% bjoto (RM 5.05), margin line
wow, ram to the max again. :)
mkt would likely to go up further tmr.
No trading for me.
Sold off all yesterday bjtoto again at 5.10 in the morning session, realize slim profit margin, but still substantial for quick profit.
Portfolio now have
80% bjtoto (RM 5.28)
good trade on bjtoto.
I've bought back all bjtoto at 5.05, immediately after disposal. Realize higher intraday profit, instead of T+1.
Now q to sell back again at 5.10
Horse
You have yet taking profit on Genting today? Still waiting for higher profit. Perhaps can wait until PM announce further liberation by end of this month.
Tommorrow, i'm attending seminar in SC, organize by CIMB in regard to investment. Anybody going?
I've yet to do anything on Genting. Will likely wait till after RM6 and above.
Seminar organised by CIMB, many of these is to lobby for customer. You are probably much better than they are in term of investment.
Today, realize all intraday profit on bjtoto, by trading at 5.05-5.10
Portfolio remain unchange
80% bjtoto (RM 5.28)
20% bjoto (RM 5.05)
100% bjoto (RM 5.05), margin line
Horse
I neither professionally trained in business nor expert in investment. I really need to acquire more knowledge on marcoenconomic and explore more global business envirnoment.
Off course, seminar must be selective and opt only for those can enhance not those focus on stock picking; marketing; fund selling etc.
Selling bjtoto at 5.15 now
Macroeconomics
· Last week, DJIA closed slightly lower, despite better than expected economic data. Crude oil prices eased 0.6% WOW to USD69.16 a barrel on worries of supply disruption, while gold climbed 0.6% WOW, sustaining its appeal as a safe haven.
· US consumer confidence improved to 70.8% in Jun compared to 69.0 a month ago, the highest level since Feb 2008, underscoring that the worst of the recession has passed. Personal spending increased 0.3% in May, while personal income rose 1.4%, thanks to the government stimulus plan which spurred a jump in incomes. Inflation moderated as a gauge of prices which excludes food and fuel, rose 0.1% MOM.
· This morning, Japan revealed that May’s industrial output expanded by 5.9%, the same rate as the previous month, which was the biggest gain since 1953. However, pessimism still engulfs large manufacturers, as an index of their sentiments registered at -6.5% in May, In addition, retail trade fell 2.8% in the same month, a ninth month of contraction as worsening job market forced households to cut back spending.
· Meanwhile, Singapore’s IPI emerged higher by 2.0% in May after a 0.4% climb a month earlier, as exports fell the least in eight months in May. The government said last month the nation may have “hit the bottom” of its deepest recession since independence in 1965.
Sold all remaining bjtoto under margin line at 5.10.
Channel capital back to tanjong, buying tanjong at 13.70 now...
Tanjong should be due for it 1Q result.
Manage to buy maximum tanjong at 13.70 using margin line
Portfolio now:
80% bjtoto (RM 5.28)
120% tanjong (RM 13.70), margin line
The main reason to buy tanjong still the same as previously pointed. I'm still no want to miss change if these stock get re-rating oppurtunity and likelihood tomorrow window dressing.
Upbeat on tanjong upcoming Q1 result if without any one off item.
Ha!
Tanjong has just release Q1result. EPS = 47.5sen; frist interim dividedn 17.5sen. This time, no more one off item, all business segment reporting positive growth, even tropical Island manage to turnaround reporting profit.
1st interim 17.5 + final div 20, a total of 37.5....
wow not bad.
Based on Q1 result of 47.5sen, if annulized 190sen, Tanjong is the cheapest bluechip, trading at just PE of 7.2x valuation. Tanjong is also component on upcoming FTSE 30 with higher weightage.
Contrary to earlier thought, Tanjong reverse from top gainer to top losser!? down 40sen, at 13.30.
Market dressing failed to move market. Both bjtoto and tanjong ended in losses for endQ2.
Suffer paper loss in portfolio, but manage to avoid any margin call, as there is still 50% margin line act as buffer to any downside risk (margin line = 1.5 x capital .
Will keep portfolio unchanged but will act if there is need to cut loss.
Portfolio now:
80% bjtoto (RM 5.28)
20% tanjong (RM 13.70),
100% tanjong (RM 13.70), margin line
oh, is 1.5 time of yr capital, which mean 50% margin line has now shrunk to 45% margin line, since Tanjong & Bjtoto drop almost 5% both add up. there is still a 45% cushion before hitting margin call.
how far did you set your stop loss ?
Sold off all bjtoto early in the morning at 5.10, realize one off losses.
Portfolio now:
100% tanjong (RM 13.70),
20% tanjong (RM 13.70), margin line
Ha!
bought back all bjtoto at 5.05, realize intraday profit instead of paper loss! Now q to sell bjoto at 5.10 again.
Like that also can pare down paper loss on bjtoto, hopefully can get several time of this swing trade and fully recoup loss. Tanjong also manage to up 20sen in this morning.
Portfolio now remain unchange:
80% bjtoto (RM 5.28)
20% tanjong (RM 13.70),
100% tanjong (RM 13.70), margin line
Sold off all again bjtoto at 5.10, realize one off losses. But at the same time, q to buy back at 5.05now.
Portfolio back to:
100% tanjong (RM 13.70),
20% tanjong (RM 13.70), margin line
not bad at all, at least can still make money while try cutting lossess....
Wah lau!
bought back bjtoto again at 5.05, realize second intraday profit instead of paper loss! Now q to sell bjoto at 5.10 again.
I need to try to pare down paper loss on bjtoto, as share price unlikely to go back to original entry price in the short term. My strategy now is either cut one off loss or try my best to recoup loss and preserve capital.
Portfolio now remain unchange:
80% bjtoto (RM 5.28)
20% tanjong (RM 13.70),
100% tanjong (RM 13.70), margin line
maybe can go for another round in the 1st half and 3 more round in the 2nd half....haha
If i sell bjtoto at 5.10 now, portfolio will incur more than 20k loss, but if take into account previous several time of trading using margin line and today two round of intraday gain, portfolio now would suffer less than 10k loss.
Hence, i still need at least another 3 round of swing trading to fully neutralize papar loss on bjtoto.
Lesson leart from this mistake:
1) buy at the peak of share price
2) buy after bjtoto declare all dividend, and stock price already price in these catalyst.
3). Allowing too narrow margin of safety
4). Too rush to grab share and lack of due diligent study on no familar stock
:(
There is a diff between day trader and investor. Day trader like you is always go for quick win and fast execution, good point is u need not tight down yourself on a particular stock too long, u have low risk of overnight economic sentiment change, this is your butter and bread where you need to protect yr capital at utmost priority, the rest come second. The disadvantage is the holding power you possess may not be that long coz each month u depend a lot the paycheck from this. Whereas investor has it good & bad as well. Stocks that surge overtime will reap abundantly but clinging on with stock that tumbling down may in turn killing him. Capital may shrink faster than day trader.
Overall in term of trading ability and skillfulness, of the two day trader will prevail.
Concentrating capital in one or few potential do carry risk. Thats why, selection of the stock and timing for entry price are very important to ensure the odds is in favour.
As full time trader, i've to be very disciplin. Every month, i'll make 50% net payout of each month net profit to cover monthly expense and pool the rest for reserve in fixed income instrument (FD, bond fund, bond simpanan rakyat etc)
While another 50% will reinvested for compunding effect to take effect. In this way, sustainbility as financial independent can continue and in time to come, evolve to financial freedom status.
Tanjong rebound strongly, up 50sen at 13.80.
Bjtoto also up 5sen to 5.10.Will try similar strategy on bjtoto, but may sell at higher price at 5.15, which only incur slight loss for one off sell.
European market open higher which may spur US and tomorrow market
Portfolio now remain unchange:
80% bjtoto (RM 5.28)
20% tanjong (RM 13.70),
100% tanjong (RM 13.70), margin line
Make one intraday contra on bjtoto, Sold at 5.10 and bought back later at 5.05 realize intraday gain. Q to sell back at 5.10 now.
Will still need at least two round of these swing trading to breakeven on bjtoto.
Market volume is getting lower, further consolidation may lead to selling pressure. Better opt for defensive and try to neutralize paper loss on bjtoto as soon as possible.
hng,
repeat 5.05-5.10 for bjtoto again?
Yes, manage to only one round for bjtoto: sell first at 5.10 in the early morning (in fact already q midnight), at the same time, buy back later at 5.05 for intraday gain.
As i'm fully prepare for paper loss on bjtoto, therefore, would apply sell first and at the same time buy back later to further minimise paper loss. Will repeat again in the afternoon session, as still need two more round of these swing trading to breakeven on bjtoto.
I need to act fast as new bidding will be implement next monday (together with FTSE30 and merge second to main board). Swing trading become difficult.
Sorry, my broker has just reconfirm with bursa, only FTSE30 will be implement on 6/7, the othes has yet to finalised the actual date.
so far only FTSE30 is confirmed. new bidding structure, Unifying board and multi-currency are still pending.
hng,
not bad, keep trading it down to make back the losses on bjtoto. hope you can narrow or breakeven.
Yeah, manage to make another round of intraday trading on bjtoto: sold at 5.10, bought back later at 5.05. but, bjtoto finally closed at 5.00 :(
Have to q in midnight again to sell at 5.10, Still need one round of swing trading to neutralize bjtoto.
Tanjong also suffer paper loss, closed at 13.60
European market open lower now..
your cost for tanjong is at 13.70,
now trading at 13.60, should be still ok.
US market tumbled more than 2%.
Bursa react knee jerk effect down more than 10pts, but soon pare down loss to just 5pts. Most of the penny stock revive and reverse from loss to gainer!? There are like "parasite" move accord to index!
Q to sell bjtoto at 5.10 now. I don't too worry about tanjong. With latest Q1 result, and upcoming two set of dividend, share price at least can maintain at current level.
keep repeating bjtoto, you will soon gain more than you lose.
Hng,
Still trading keladi? Made quite few round on this. But nowsday volume is low. Not much chance to trade. The upcoming AGM is on end of the month. I'm accumulating more as the dividend is attractive.
steve,
at what price you went in for keladi ?
Steve
Keladi always in my radar screen and just waiting for right time to re-enter into these stock (After dispose all bjtoto/tanjong, but before date of AGM on 17/7.
Horse, if you interested, lets join us and make good gain on keladi.
I'm still waiting for more serious correction next week after FTSE30 start to take effect.
Horse,
I alway tried to enter at 0.15 & sell at 0.16. The gain is not much but couple of hundred every time. I have not much experience or time to monitor actually but doing swing trading pretty rewarding. Anyway, thanks to hng that highlighted this stock. Trying to look for similar stock but i don't think any stock at the moment is giving 10% dividend.
have tried many rounds of queuing keladi, just not fruitful enough. none of it hit my queue. thus giving up. might enter if it fall to 0.15.
Steve
There are still some stocks that offer dividend more than 8-9% at current level. I'll will highlight it in time to come.
Horse
Be patience when q to buy stock and persistence is key to success if stock is worth of investing.
There should ample of oppurtunity to bargain when market on 'Megasale' and it will come very soon!
Yeah, manage to make intraday contra on bjtoto: sold at 5.05, bought back in the last 5min bidding at 5.00.
The main reason to bring forward bjtoto from 5.10 to 5.05 was because of too many seller at 5.10 and have been fully prepare to writedown paper loss on bjtoto. Nevertheless, due to last 5min bidding, manage to turn realize paper loss to intraday gain.
With these, i have just need to sell bjtoto at 5.10to fully neutralize loss. But if keep swing trading between 5.00-5.05, i still need 3 more time.
This is risk of making mistake in the investment, which have to take so much effort to neutralize loss. :(
Sold partial bjtoto at 5.10, continue to q in the afternoon session
hng,
doing wonderfully well on bjtoto...
from loss to making probably. :)
Just bought back bjtoto at 5.00, q to sell at 5.05 now...
Sold and buyback again. With today swing trading, i've almost breakeven on bjtoto.
In fact, if tommorrow manage to bjtoto at 5.10, it will turnaround and start to generate positive profit :)
wow, good trade on bjtoto mate, from -ve to +ve :)
BJTOTO hit 4.98. There will not be any profit margin trading between 4.98 - 5.00.
So, buying & sell at this range is not possible anymore.
I've sold off all bjtoto at 5.05 instead of 5.10, realize one off marginal loss. I belive the loss could be easily recoup once channel its capital to upcoming target stock.
Portfolio have only left with tanjong (up 20sen today to 13.80)
I think today newspaper have reconfirm that bjland placement 40m share of bjtoto at just 4.75. This news actually come from my broker yesterday morning, which have prompted me to sell off all bjtoto at 5.05at once without intention to buyback for contra.
i doubt management wisdom to place share at this time and at lower than market price!?
Q to buy keladi at 15sen now.
Hi hng,
Q'ing to buy keladi at 15c? I been trying at that price for few days or in fact last week but nothing done. No volume. Wht your target for keladi or u r just doing swing trading?
I've got some keladi at 15sen. still q to buy more in afternnon session. My strategy is buy on weakness and sell on strength, realise profit is priority in current volatile market
Sold 40% tanjong at 13.90, realize paper profit first. Continue to sell on strength. In bearish market, defensive stock stand out as winner.
Steve
What is your current investment in the portfolio? Are you part time like horse.
Market may still under consolidation and waiting for fresh lead. Under such scenario, i wish to advise take whatever paper profit in the portfolio, while waiting at sideline. Earning session kick start in US, if any surpirse or lack of recovery, stock will just head south.
Sold additional 20% tanjong at 14.00, realize more gain. These gain is much more than to offset loss on bjtoto.
Bought ARREITs at 72sen. REITs is due to declare income of at least 5% return by next 1-2wk.
Portfolio now have
60% tanjong
15% ARREITs
3.2% keladi
hng,
FInally manage to grab some keladi at 0.15c. I guess i can be call part time like horse..haha. I normally key in my purchase around 6.30am bcoz office network already block access. So if I want to buy or sell, need to call up remisier. Furthermore unable monitor that frequent. Company network frequently scan by administrator. My portfolio consist stk like astro, masteel & some O&G. Some r still in money...some r at lost. Anyway, I beliv the stock fundamental still good & will keep it for long term.
hi hng & steve,
very busy today, have not been seeing the market the whole day.
well trade on tanjong & bjtoto.
mkt seem to bounce back absorbing morning loss to close marginally low. Not bad. Hope upside can set in tomorrow.
you guy buying Keladi now....hmm.will try get some tomorrow. hopefully i'm not that busy and have some time to monitor the market.
All the best to you guy on keladi.
Guys,
Do beware. Seem like market going to turn very bad. I just notice oil is going all the down. Not sure how long local market can be supported by the magic hand. US is really in terrible shape. Hope we are not affected by them that much. Thought wanna Q more keladi tomorrow but now having 2nd thought.
maybe Najib can do wonder to our local market. it has been sustaining well after Najib became the premier.
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