Wednesday, July 25, 2012

How to Trade Profitably ?



1. MSM-CA - Bought in this morning at 0.12sen and sold them off at 0.125sen. Half sen profit. :) ^^. Teng, you see how market maker make the underlying mother share to close at RM5.15 at last minute. This tactic apply to all Market Makers, they slash mother share price in contrast to make more money from their Call Warrant settlement. Very unscrupulous way of manipulating share price rather than letting the demand and supply to take it course. You notice, i am very reluctant to venture into Call Warrant anymore, only if it give high chance like extremely low premium (-1 to -2) else will not touch at all. Nevertheless, with MSM closing at RM5.15, CA still worth around 0.135sen, still worth buying at 0.115sen but beware of mother being whacked again till RM5.00, if this happened, holders of CA will be very much in danger state as CW holders will tend to make loss than gain. :( Be careful.

2. CMMT - Bought at RM1.62 and sold all at RM1.63. 1sen profit, quick scalp on this. ^^ :)

3. YTLP-WB - Went in quite substantial on this at 0.605sen. Hope to sell tomorrow. :)

4. OSKPROP - Bought in 2 batches, one at RM1.30 and subsequent batch at RM1.29. :) Take note Ex-date on 30/7/2012.

5. IHH - Hesitating to buy at RM3.02. Finally gave up. :(

6. WEIDA - Close watch on this, potentially making some money tomorrow. ^^

7. Watch list - PWROOT, MSM-CA, OSKPROP, TWRREIT, WTK, MUDAJAYA, WCT, PJDEV, WEIDA

8. CK's ebook, hmmmm..... interesting but i wonder who will buy ? Most likely only newbies will be interested. Can explore further on this..... will need input from the floor like hng, Teng, alwayswin, CK & etc...

9. Good luck.

10. CEPAT - Avoid this temporary.

39 comments:

hng said...

horse

As mention in earlier comment on Ireka, it has proposed 5sen TE dividend, give rise to yield of 7.3% net

Again wanna to highlight that , its 23% associate Aseana, listed in London exchange has proposed capital return of US$100m to shareholder, Ireka portion work out to be around US$23m x 3.25 = RM 75m, translating to 65sen/share.

tcg82 said...

IHH from ipo all sold avg 3.08 for yummy gains; will re-look if below 3.00
Mulpha bought 0.42 still holding; possible cup&handle formation soon on daily chart?
MNRB still holding; hope funds return from IHH hype :p

horse said...

hng,

Forgot to mention Ireka.

This counter should be under our radar list. :)

Will monitor this 1st thing in the morning tomorrow.

888 ^^

congrat tcg82 !!

Teng said...

Horse

I am also reluctant to trade call warrants after DRB-HICOM case.Only if call warrants offer attractive discount,I may buy some. For MSM-CA,I bought at 11.5cents about week plus ago.At 11.5,it is quite safe but who knows,mother share may be push down to 5.

Yesterday closing was 5.19,and today is 5.15. Next 3 trading days closing price is 5.05,settlement is 11.96 cents.Still make small profit. Next 3 closing price 5,settlement is 11.36 cents. I will lose money on this assumption

tcg82 said...

horse, thanks
weida another 4sen div, altho price have climbed, worth a watch?

hng said...

tcg82

MNRB announce lower than expected dividend of 17sen, 5.5% gross yield. But, will buy if trade below 2.90.

horse said...

tcg82,

Just keep close watch on Weida first & see how it fare tomorrow. Take opportunity only when it significantly slide back with thin vol. Keep this in your radar list, no harm done. If opportunity really over then just let it go.
Keep close watch doesn't mean it is a definite buy, because every bid is an advantage to us. We would want to gain even if it mean half a sen. No profit is consider too small when it come to stock trading. Good Luck !!!

tcg82 said...

hng/horse, thanks for your advice, will track these tomorrow. cheers. 888

Tay SK said...

Thanks for the watchlist Horse. Weida has been flying for sometime. I still keeping IHH ipo n wct-wb. Been too busy recently to monitor or trade. Happy to see u all make good money.

Teng said...

All

CIMB Equities Research has raised the target price of UOA Development to RM2.18.

Teng said...

Sold remaining WTK at 1.20 for contra gains

hng said...

Sold off WCT-WB at 33sen, realize contra gain

hng said...

Bought Homeritz at 31.5sen

Tay SK said...

Sold all IHH at 3.15. May buyback if drop back. Wow uoadev started moving Teng. Cimb research very powderful. :)

Teng said...

Sold MSM-CA at 12.5cents.Will monitor at near closing.May buy back if closing price is 5.15 or above

Teng said...

Tay

Too bad all or most of us sold UOA. Anyone still keeping UOA?Those still keep also entitled to buy UO at 1.39 from dividen investment plan

Gark said...

Hmm the capital return need shareholder approval & tender offer to sell assets. Proposed 20 mil in Dec 2012 and the rest by 2015. Total capital return to IREKA is RM 0.636 cents IF the tender sales goes to plan.

Worth a gamble..but the time frame is long.

hng said...

Gark

The first US$20m/RM65m will be funded by sale proceed from Seni Mont'kiara which is already completed in last year, but still have about 20% completed unit available for sale. Any sale proceed from this ready stock unit will direct translate to profit. Management expect half of the unit will be sold by end of these year and remaining unit in next year for second tenure of capital return.

The third and following capital return will be funded by en-bloc sale from its Aloft hotel in Sentral and Sandakan Harbour Square expected in 2014 and 2015 respectively. These gradual sale will be gradually realize until 2015 and to complete capital return each year beginning in 2012 till 2015 for a total of US$100m/RM325m

hng said...

Increase further stake in OSK property, bought at 1.29

hng said...

Gark

In summary, shareholder can expect Ireka to continue received its portion of capital return from Aseana each year beginning from 2012 till 2015

Teng said...

Tay-UOA price move up further to 170 level

Hng-I queue to buy OSKProp at 1.28 this morning( I queue yesterday as well).Guess have to buy 1.29 today

hng said...

Gark

I guess no many people know there is capital return from Aseana, as 23% associate of Ireka as it itself also no make such announcement through bursa. Shareholder only make know from Aseana announcement that listed in London exchange, even the Asia Analytical, the only research fund cover Ireka also no mention at all.

I think once the capital return materialize, then only Ireka will make announcement of its intention with that capital received. In the meantime, shareholder can continue enjoy ireka generous dividend payout of 5sen TE, that give rise to yield of more than 7%

Gark said...

Yes.. digging deeper :) Means they support or not?

"The Board has consulted with Ireka Corporation Berhad ("ICB") and Legacy Essence Ltd ("Legacy"), the Company's two largest Shareholders. They have advised the Board that they support the proposals and should the Company undertake a Tender Offer, they are unlikely to take up their full entitlement.

They have also advised the Board that should the proposals not be approved, then they would want the Company to continue in its current form until 2015 and would not support any early return of capital."

Gark said...

Also hng, you sure dig very deep into the company report for such info.. salute you!

Gark said...

Ok.. got a small position at 0.70 wait till 2015 :)

ck5354 said...

market correction coming.

Be careful.

Teng said...

Bought Glomac at 83 cents

Tay SK said...

Today free a bit. So can kepo kepo here. Yes Teng UOADEV alrdy flying. Think none of us still have own it anymore. Is ok. Hng very good research on ireka.

Ck5354. R u still member of uncle sam blog? I was member once few years back. Hehe. Din renew membership.

hng said...

Bought Ann joo at 1.62

Teng said...

Tay

Last sold UOA > 1 week ago. I sold Poweroot yesterday at 71.5 cents and today it is about 80cents. Anyway,Hng did good job in recommending this counter. Made good profit in 1-2 days

Teng said...

Bought YTLPower-WB at 60 cents.Quantity bought is slightly > sold early today.Intraday gain

hng said...

Bought more Ann Joo at 1.61

Teng said...

Hng

I was about to ask you regarding Annjoo. I was tempted to buy just now ( it was 1.61-1.62) but too many news regarding antidumping duty plea by Megasteel

Sold all Glomac at 84 for quick intraday gains

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

Queue to buy Annjoo at 1.60 last minute not matched. Bought at 1.61 instead

hng said...

Teng

Since we bought Ann Joo not only the lowest of the year but over tha last 3 year price, I think Ann Joo have further limited downside risk.

However, all depend on its Q2 result, whether it can reverse to profitability or not. With its optimization of its new plant and absent of start up cost incur in last Q1 result, follow by commencement of commercial production afterward, i think its upcoming Q2 result should be much better.

Any good sign in turnaround will have direct positive impact to already deep depressed stock price.

In addition, Ann Joo used to declare interim dividend in Q2 result due to announce next month, though may lower than previous year, should offer some buffer to stock price.

hng said...

Teng

Europe and Dow Future just make beautiful reverse trend from negative to current positive territory. Lets hope for bursa follow rebound tomorrow, so that we can continue Laughing all the way to bank :)

Teng said...

Hng

I remember I bought Annjoo during 2008/9 financial crisis at 1.75.It then recovered to RM3 level.

I also bought AnnJoo Wb in 2009/2010 at 70cents plus,and sold for profit.Now it is trading at 3 cents

alwayswin111 said...

Maria
Congrats on your PWROOT win. Luckily you did not panic sell, ya?

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