Thursday, May 31, 2012

Sell and Buy BJTOTO



1. I first sold BJTOTO at RM4.27 and buy them back in 2 batches at RM4.24 and RM4.19 respectively. Make some contra gain. :)

2. Congratz hng, you are just superb in trading. :) Non-stop profit making everyday, keep up the good work friend. We just need your good trades to keep us going and motivate us here. We have been exchanging stock sharing here over the past 6 years, you are my true cyber friend and best stock mate during these years. Have been benefited a lot from your input. You have proven that a full time trader is indeed an approachable way out for people who seriously have thought so for his/her so call alternative "business" venture. I am certainly would like to be in your shoe when my time is up. :) A big thank you my friend for your contribution. :)

3. Teng, don't be despair, just keep polishing your trading skill. One of this day, you will be like hng, a good trader in making. You are already an experience trader cum investor, what you need to do is to sharpen the saw to make it more "perfect" and one important factor when trading with stock market is that you must have enough bullet to sustain your trading else it will be very hard in engaging a long battle. This is undeniable true when dealing with stock market, one needs to be reasonably "fat" to engage long haul armageddon in stock market else when tide goes against you, you will feel disappointed and give up easily. Never mind about one and two wrong trades, so long as winning more than losing. Good luck friend. !!

My favorite quote "LAUGHING ALL THE WAY TO THE BANK" !!!!

30 comments:

Teng said...

Horse

Thanks for your nice word. I am a semi retired person. Stock investment is to pass time and make some money

hng said...

horse

Many thanks for your compliment. But, there are many more thing to be done, learning to trade in stock market is continue process, no one can master stock movement. Top down approach is my strategy; Keeping up with ever changing global and local development and zoom down to each listing company to search for stock worth investing based on their fundamental, complement by technical analysis.

tcg82 said...
This comment has been removed by the author.
tcg82 said...

bravo and great job you guys.
bjtoto am looking too. they release earnings around 3rd week june. just curious why not hold till then? thanks

tcg82 said...

oh yah, wtk any of you on this, am on board 1.2 any comment? thanks

alwayswin111 said...

Hng
What do you mean by top down approach? You mean average down?

hng said...

alwayswin111

Top down approach mean, assess global/local economic prospect, business nature of listed company first, follow by select potential company with promising fundamental like EPS, cash flow, dividend yield, corporate exercise like right, bonus etc and technical analysis for stock support/resistance/breakout.

alwayswin111 said...

Hng
Thanks for enlightening me. That means you only play fundamentally sound stocks right.?
Actually I am also semi retired like Teng.
I rely mainly on technical analysis and current news on my stock selection.

alwayswin111 said...

Hng
By the way , what do you think of KPSCB at this level. I am thinking of picking some at 0.39

Teng said...

Alwayswin111

While I consider technical analysis,I depend more on fundamental analysis.Sometimes overbought or oversold has its reasons.

I am not a good trader but consider myself average investor.Almost all long term stocks I keep is giving decent returns ( at least better than fixed deposit)

hng said...

Sold off remaining OSK at 1.50, realize contra loss. I think OSK may at risk to enter PN17 after sold its Investment bank.

hng said...

Bought Muiprop at 14sen

Teng said...

Hng

If I am right,RHB is only buying asset of OSK.Thus possibility of OSK Holding fall into PN17 ( or PNxx for company without core business.I think PN17 is for company with financial problem). OSK can either distribute part/all of cash to shareholder,or buying new business.PacificMas is one good example

hng said...

Bought Bolton at 77sen

hng said...

Teng

OSK is selling its investment bank, but retain some oversea business, like commercial bank in Cambodia. In addition, OSK still hold its HQ in Jalan Ampang and the vacant land beside these building may due to develop into new office building, which OSK may intend to use its proceed cash from RHB to fund cost to build up and derived recurring rental income once completed.

hng said...

Teng

As mention earlier, OSK may retain its fund from RHB to build up new office tower which together with its exiting office tower could become way of 'core business' in future, deriving recurring income.

Thus, OSK unlikely to distribute through special cash dividend to shareholder. In addition, OSK in future may opt for RHB share dividend reinvestment plan in order to retain its 10% stake from being diluted if opt for cash dividend. It may then trim OSK dividend payout ability to its shareholder in future.

Teng said...

Hng

Announcement by Tambun for its son to be listed warrant. Exercise price is 60 cents? I thought is 50 cents.

Teng said...

Hng

Announcement by Tambun for its son to be listed warrant. Exercise price is 60 cents? I thought is 50 cents.

alwayswin111 said...

Teng
Do you mind letting me know your portfolio?
I normally don't hold for too long ... Impatient...
Would like to follow you on some long term stocks

Teng said...

Alwayswin123

I hold Maybank(bought as early as 1997/8),Pbbank(bought in 2009),Sime (2008),starreit,Towerreit,YTL,AFG

alwayswin111 said...

Teng
Thanks.
And I say it again, this is the best blog ever.😄

hng said...

Teng


The exercise price of Tambun warrant at 60sen already make know a day before the right entitlement date. Based on current price at 53sen, and attached minimum premium of 50% for its first day trading, Tambun-WA may have intrinsic value of 19sen.

This is at discount to recent listed Ivory-WA, which trade at 80% premium based on their exercise price at 75sen, Ivory at 50sen and Ivory-WA at 16sen

hng said...

Teng, alwayswin111

How old are both of you? already semi-retire? so fast accumulate enough wealth and financial freedom.

alwayswin111 said...

Hng
I am 56+ oredi. Had always been in interested in shares. I really enjoy this blog. Even when I don't follow your trades, I am happy each time all of you make winning trades.
Continue to 888 ya?

Teng said...

Hng/Alwayswin111

I am mid 40. Like to retire 2 years ago but my boss ask me to work part time. So semi retire??

How about you,Hng?full time investor ?

alwayswin111 said...

Teng
Whoa .. Lucky you.

Hng
I remember you are a full time investor. Actually quite made up my mind. Most probably retire this year.

hng said...

Teng, alwayswin111

Both of you are my senior, I'm mid 30, full time investor/trader. Still in the midst of accumlating wealth through stcok market, with aim to achieve financial freedom in future.

Sonic said...

Hng,
thanks you for sharing a lot of your investment knowledge at here I also enjoy reading for all of you conversation really nice and benefit to me. you all have done a good job. Hng how are you look for parkson now? look like reborn.

Sonic said...

Hng,
thanks you for sharing a lot of your investment knowledge at here I also enjoy reading for all of you conversation really nice and benefit to me. you all have done a good job. Hng how are you look for parkson now? look like reborn.

alwayswin111 said...

Hng
Señor to you but not wiser. Need to learn from you re trading.

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