I am trying to cancel my CITIBANK choice card today as it is due for renewal in March 2010. Called up the centre and informing the intention, as usual they are asking for reason, I told them “to avoid being taxed by the government” and also I already owned a VISA shell card, this one being extra.
Was told that I got to settle my outstanding and redeem all the points before canceling. So, I did by settling my outstanding and also to redeem my reward points. Unfortunately, there being not much items to be redeemed as my reward points is just far too low for any redemptions. Go through the search items and discover below charity icon.
So decide to make a charity by donating all my reward points to this “Shelter Home For Children”…..
Remember, for those who wish to cancel your credit card and the extra points that you can’t use it for any redemption, please donate them, instead of getting those reward points burn without any contribution. It is another form of charity work. God Bless.
13 comments:
Bought back GENTING at RM6.97 for an intraday. :)
Bought back all Genting SP at $1.06; realize intraday gain, reverse back to realize both T+2 contra and intraday gain and adjust holding cost accordingly. With today trading, Portfolio remain 100% invested in Genting, but at much lower average cost at $1.084 and deleverage successfuly.
Locally. portfolio today sold off all Genting at contra gain; sold off all IGB at transaction cost lost; sold off all BsdREITs and ARREITS, realize all paper profit. Porfolio also manage to realize one small intraday gain on IOI corp, and increase further stake of GENM at 2.76-2,78 to further lower down holding cost. Portfolio also manage to deleverage to just under 110%
Malaysia Portfolio
1 GENM 46.7% (averge 2.79)
2.TowerREITs 18
3.IOIcrop 34.2%
4.CIMB 8.5%
(B) Singapoore Portfolio
1 Genting SP 100% (average $1.084)
horse
Good trade! but due to risk averse sentiment now, portfolio unable to buyback Genting to enjoy higher intraday gain.
Portfolio has instead increase further stake on GENM at lower price and lower holding cost. As you point out previously, i've similar feeling that GENM is expect to declare higher final dividend (6sen-10sen) if without special dividend by this month. Hopefully this may stir as catalyst to share price later
just sold off all CIMB at 12.86 :)
Sold off all Genting SP at $1.08 first, realize transaction cost lost.
Again may buyback later to reverse back to intraday profit :)
Sold off all GENM at 2.80, realize transaction cost lost first.
Again will buyback later if share on weakness and reverse back to intraday gain later. :)
hng,
you seem like able to sense market is going to soften by selling now...
Market is in the tug of war of between +ve & -ve zone.
horse
I'm don't have 6 sense, can sense market next movement. Its just my strategy as selling now just realize transaction cost lost, but if market on weakness, i can reap intraday profit, the odds is just 50:50, have first calculated loss and second profit potential. No harm trying to trade in sideway market.
market seem standing firm. :)
Ha! strategy doesn't work! unable to buyback on weakness :(
Portfolio today almost sold off all stock, sold CIMB for contra profit but realize GENM on transaction cost loss.
Portfolio in Singapore realize also one time higher transaction cost loss on Genting SP and in 100% cash now.
Malaysia Portfolio
1.TowerREITs 18
2.IOIcrop 34.2%
(B) Singapoore Portfolio
1. 100% cash
Technical analysis useful tool for planning stock trades: Strategist
NextView chief market strategist expects the FTSE Bursa Malaysia Kuala Lumpur Composite Index to see a correction to between 950 and 1000 points in the next three to six months.
STOCK market retail traders can learn to use technical analysis to formulate their own trading entry and exit plan for general market trades or even for specific stocks, said NextView Sdn Bhd chief market strategist Benny Lee.
Lee said that retail traders can use either 30-, 60- or 90-day moving average indicators to chart when to buy, sell or to minimise their risk of capital loss.
In technical analysis, taking note of a stock price's support and resistance levels are key. The support level is typically where the price does not go below a level due to sustained buying interests while a resistance level is when traders/investors are selling the stock, thus preventing the stock's price from rising higher.
"In a bearish market or downtrend, the best time to buy is when there is real fear in the market and when the price moves very far from the average indicator, as there will be a rebound," Lee said at a public talk titled "Crouching Tiger, Hidden Dragon! Grow and Secure Your Wealth in 2010" held in Klang yesterday.
However, the best time to buy in a bullish market is when the price is close to the average indicator as it will probably not fall below its support level.
In structuring an entry and exit plan, Lee said the first step is to set a stop loss target.
"Stop loss is a must to protect your capital when the trade does not go in your favour. Stop loss, which can be determined by using the average true range indicator, is also used to calculate your risk," he said.
Next, a retail trader must determine the potential profit from his trade by setting a price target. To do so, traders can use either technical analysis or a company's fundamentals like net tangible assets or net asset value.
Once that is done, the final step is to calculate the potential profit to risk ratio.
"A good trading decision is made when the potential profit is higher than your risk, with the ratio at least 2:1 or preferably 3:1," he added.
The potential profit is the price difference between the target price and entry price while the potential risk is the price difference between the entry price and stop loss price.
Meanwhile, Lee, who practises technical analysis, said he expects the benchmark FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBMKLCI) to see a correction to between 950 and 1000 points in the next three to six months.
The FBMKLCI rose 3.39 points to close at 1,267.15 yesterday.
In the nut shell Market will drop in the next 3 mths to 6 mths time.
Lets start the clock clicking now....& see if it come true.
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