Invest your money wisely to strive for financial independent. A slack hand causes poverty, but the hand of the diligent makes rich. (Proverbs 10:4)
Wednesday, March 25, 2009
Swapping PBB-F back to PBBANK again
Have managed to swap all my PBBANK-F at a price of RM7.55 to PBBANK at RM7.40, this is the similar swapping that i did previously in last December08 by swapping from PBB to PBB-F when there is margin of profit. Now i just did it the other way round (swapped PBB-F for PBB). Of course by doing so will in turn giving some contra money to me (the price different between both shares). Will repeat the same method if PBB price surpassing PBB-F in near future.
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Like that also can........
A SINGAPOREAN died of heart failure after his penis became stuck in a soft drink bottle, reported Sin Chew Daily and China Press.
The incident happened when the 77-year-old man used the bottle to masturbate.
China Press reported that the senior citizen got his private part into the bottle and only sought help after his penis could not be dislodged from the bottle despite trying various ways such as applying soap water.
Doctors tried to alleviate the man’s suffering by cutting the bottle below the neck but to no avail because by that time, the skin around the penis had started to become inflamed, causing him to be unable to urinate.
His misadventure later led to other medical complications causing his death.
Make intraday contra on Sunrise, bought at 90.5-91sen, sold off at 93sen.
Sold partial Naim cendera at 1.15-1.16, together with dividend 5sen, realize marginal loss. This stock has been underperform. May consider dispose all in near future.
Sold also partial Yilai at 52 sen to realize T+1 profit.
Make another contra gain on Sunrise: Bought at 88sen, sold off at 89.5sen.
Decided to sell all Naim cendera at 1.15-1.16, realize one off investment loss
Bought back Yilai at 51sen to make intraday gain and increase holding at 51sen.
TNB placed at RM6 not matched. Market rally, likely tomorrow will continue uptrend.
I still believe, this is bear market rally. I'll continue to sell on strength and buy on weakness.
Market sentiment can swing very fast, target stock that have cum dividend as buffer for any downside risk.
i buy your strategy, indeed this is what i am practising as well. Dividend stocks cushion & minimise downside risk.
Sold off all previous sunrise at 91.5 (cost at 92sen). Although realize loss, but my strategy is buyback later to make intraday contra.
This is because, i notice that sunrise share tend to strong in the initiate stage morning, but weakness later in the afternoon.
This strategy work if my hypothesis is right, but risk of realize loss if wrong.
Sold off Yilai at 52sen to realize both T+1, T+2 gain.
Bought back Sunrise at 90.5sen to make intraday gain. My hypothesis to sell first on strength and buy back later on weakness work!
Contrary to earlier thought, sunrise share keep going up, decided to sell at 94.5-95sen. Miss oppurtunity to sell at higher price!
Keladi has proposed 1.5sen F&F dividend.
Sold off all Keladai at 12.5sen, relalize profit margin more than 10%. Keldai dividend need to take at least 3 month to materialize, sold first and buyback if weakness.
Market down more than 1%. caution trade ahead as today is last D-day for Maybank ex-right and confirmation of ex-right for TMI.
almost 10points down but TM still stood as rock.
Market alraday down 2%. Bought Tanjong at 13.80-13.90, Maybulk at 2.95-2.96 and atrium at 61sen
will start shopping tomorrow, if it drop further...
Sold off all remaining Dayang at 76.5sen.
Both Maybank and TMI trade close to their lowest price today. It is interesting to known what is the impact of Maybank share price after ex-right tomorrow!
Remain selective and buy only on weakness with stock cum dividend to minimize downside risk.
Ex-Price for Maybank tomorrow is RM3.66 based on closing of RM4.08. Where will she goes from here? The renounceable right likely to be traded at 0.92sen. Buying for longterm at the price of RM3.66 should be quite okay i think....bouncing back to above RM4 mark should be of no problem if keeping longterm. Good Luck.
TOmorrow likely to be heading south as well. Likely that TMI will go down further to in line with the % of Maybank discount offer of mere 25% on RI. At current price of TMI at RM2.21, its offer of right issue still relatively high at 30% discount. Adjusting to Maybank's offer, TMI will be around at RM2.00 before ex. Lets see whether my guest is right ?
Finally, Maybulk declare its final dividend of 30sen TE. Sold yesterday Maybulk at 3.06 to realize T+1 profit.
Still retain some from previous buy at cost of 2.90 and intend to sell at higher price later.
US stocks tumble as automaker plans are rejected, lost more than 3%. Bursa still holding well, support by surge in Maybank after ex-right!
Bought more Tanjong at 13.90.
Expect tanjong to announce better Q4 result in the absence of levy tax; stonger NFO due to CNY in Jan and stonger US revenue from oversea power plant, as well as expected interim + final dividend of 17.5sen + 34sen.
Maybulk declares FD of 30sen dispite much lower profit in 4Q. Sucking money out ?
Even Baltic Dry Index rebound from recent low, it still far lower than early last year rate. With deepenning global enconomy and increasing new ships in the market due to over building during the bull market, dry bulk transport demand likley to dampen further.
In addition, Maybulk also involve related party transcation, buying equity interest in sister company..
I'm buying this stock just for short term and capitalize on its huge dividend payout as catalyst.
Sold off all remaining Maybulk at 3.08.
Bought more Tanjong at 13.80
So fast on Maybulk? more upside expected. All closed off high. Hope tomorrow continue going up.
I'm channel more capital to buy Tanjong. At the moment, tanjong is second largest stock in my portfolio consist of 25% of my total capital!
Bought tanjong ar 13.60, but soon sold at 13.80-13.90 to make intraday contra.
Tanjong announce lower than expected earning, mainly due to cost relating to refinancing cost, deferred tax, but mitigated by revaluation of Menara Maxis. It also declare lower than expected final dividend of just 20sen + interim of 17.5sen. Stock initial jerk reaction sending tanjong to as low as 13.50.
I still overweight on Tanjong as defensive and consistent quarterly dividend yield stock. It business such as NFO and Power are resilient and will maintain Tanjong in portfolio for dividend income unless it share up above RM 14.00 enough for positive capital gain.
Change strategy, sold off all Tanjong at 13.90, realize one-off losses, which partially mitigate by earlier intraday gain on Tanjong.
The reason is anticipate market to correct soon, as recent rally may be just due to window dressing for Q1 result. In addition, i need to raise capital for next bargain hunting oppurtunity(most of the capital already tight to TM)
I parked at 13.50 this morning for Tanjong but not matched. Market seem strong, might be able to hold till power transition this Friday.
hng, can buy back at 13.70 for those that you sold at 13.90 for intraday gain...haha but you will then holding the same amount of shares for Tanjong ...or just let it be waiting for window dressing, maybe can buy back at lower price.
TM is still very solid, wonder when it gonna fly....... :)
Again i'm make another capital transfer from Tanjong back to TM. Bought TM at 3.52-3.54, raising TM stake to 75% of my total capital.
TM already announce it have recevied half of the money from TMI. The capital repayment should be on track now, be patience.
The main reason to dispose off tanjong is its dividend yield no longer meet my initial criteria. This have prompted me to transfer capital from Tanjong to TM, to further increase my bet for TM for its dividend and capital repayment catalyst. Hopefully, this time can be windfall profit.
All shares closed off high today. Whoever bought Maybank before ex-date will entitle "free right" for trading commencing sometime next Tuesday. By selling off the right issue practically one will earn the entire selling price of right issue as Maybank has closed to pre-ex price again. At least, about 10% return (expected right issue price around 0.92sen when it open for trade) whoever bought it b4 the ex just within a week or so. Good investment indeed, will this applied to TMI ??
Its depend on indiviudal risk profile. People already discount the adverse impact of right issue on earning. After calculate risk, i dare not jump!
Another possible factors is trader are chasing Maybank/TMI in order to support upcoming right for right share and take advantage of spread share price beteween current share and right share. Everthing will go back to normal once all right is listing.
lets wait and see how Maybank's right turn out. If Maybank stay above RM4 and right above RM1, then it works for Maybank. If one dare enough can adopt the same strategy on TMI but it is true its depend on individual risk profile, buying just right B4 ex will mitigate the downside risk. It only apply to short term & provided you can sell off right shares. Eventually, when right exercise is completed, everything back to normal or could be more "worst"....
It all depend on strategy adopt by market maker, they are the host and determine when to buy or sell.
Lets don't fall into their enticement. When reality surface, people may get trap, especially Q1 result is coming very soon May.
Q1 result expected to be bad. Likely that it will be reflected on market soon. cautious....cautious...
With almost 99% capital been invested, mainly in TM (75%), classic senic (14%), and other small holding: MFCB, CNI, atrium, crestbuilder and melati. My portfolio is almost full, with not intention to change utill TM dividend and capital repay catalyst emerge.
The trick is, when there's nothing to do, do nothing. Just take some leisure time hanging!
Im quite optimistic on TM. Just waiting for it turn to rise.
99% invested !! a mere 10% return will cover a month effort i think.
So can afford to take a time rest.
Market is 10points up, way to go my friend.
wow, as we just say here, TM is now flying......
hng, laughing all d way to bank huh....
My broker call urgently, market up 14 pts!? Prompted me to go back to my home office.
Sold all yesterday TM at 3.66-3.68, realize T+1 profit first. TM stake down from 75% to 50% total equity again.
As full time investor, every month i'll take out 50% of the net profit generated in the portfolio as paycheck for my hard work and partially use that for living expense and keep other as reserve.
The other 50% net profit generated will channel back to portfolio. Therefore, my portfolio capital will growth partially compounded depended on each month performance.
Decided to sold off all TM at 3.64, profit derive already exceeded my KPI for this month!
Take this oppurtunity to sold partial MFCB at 78sen.
My portfolio now is flush with cash capital, prepare for next round of bargain hunting. Very enjoying...
CI above 900 mark, with tomorrow new PM is taking over, very likely that market will continue it rally in the morning couple with highest volume registered today. THis market will continue to surge higher....
When market is hot, share price tend to overreact, deviate from fundamental and shoot skyrocket.
It time to take profit in the bull market, and buy only on weakness.
See how it goes tomorrow, if surge higher will try liquidate some of the holding and buy them back on weakness.
This is more like scalping approach, buy & sell whenever small profit is seen. haha
If the volume of the holding is very high, even small percentage of the profit margin is enough. Imagin if your are siting on more than 10k paper profit, i bet you won't be able to sleep at night, fearing profit may slip if market turn south suddenly!
I rather to play safe and realize profit first even stock have more potential upside. I'll wait and see the pattern and decide to buy back only on weakness, but if the stock continue to surge, i'll just let it go and find other potential stock.
As solely rely on income from investment with no monthly salary, i'm risk averse, capital protection is priority, second only to profit.
Bought classic scenic at 32sen.
Q to buy back TM at 3.48-3.54, which my previous range of entry level. Fundamentally, TM still trade at cum dividend and capital repayment.
is doesn't matter what approach one is adopting, important thing is making money. there is also no holy grail method that guarantee 100% return as well, is risk over reward one should factor.
If your method work well for you, by all mean keep striking the same method until it is no longer applied. I admire your approach and also suit me well as i'm almost in the same style but there are great differences when applying to a fulltimer vs a parttimer where im definitely lossing out as i do not have d luxury time over the market. Other than that capital also does make a different. as you said volume of trxn, one may get double of return of the other on the same counter, same entry & exit price.
Nevertheless i like your investment style, is my cup of tea.
Bought TM at 3.54, equity stake of TM back to 25% of total capital in the portfolio. Will gradually built up to 75% again, as TM still deserve overweight rating.
Horse, your risk profile could be higher than me, as you have month salary to back you. You also have more time to wait until stock reach your exit level.
Sold off TM this moring at 3.60, realize another windfall intraday profit. Q to buy back again!
Bought more classic scenic at 32sen
Unable to buyback TM at 3.54, but it closed at 3.56. There should be ample of oppurtunity to buyback at lower price.
Sold partial crestbuilder at 50sen. Sold off all atrium at 62-62.5sen. Bought whitehourse at 1.07 (dividend 7sen TE)
After disposing TM for intraday, and some crestbuilder and all atrium. Portfolio again flush with capital (nearly 80% is a cash capital now in the portfolio) with today increasing stake in classic scenic and newly added Whitehourse.
This morning, bought back again TM at 3.56, equity stake of TM increase to 25% of total capital in the portfolio
Bull run in the market!, index up more than 2%.
Bought more TM at 3.56, equity stake of TM increase to maximun hit 79%!
With that, 99% of my capital already invested again!
TM hasn't really move as yet even market up 2%. Your investment likely to be flourish again.
Because of bulk buying, as long as TM can move up at least 4sen, the intraday profit could be very handsome.
If TM remain unchange or even turn south, nothing can be done, as my capital already 99% invested. Have to just wait for another round of rally and emerge catalyst from TM div and cap repay.
Thus, invest in TM should be quite safe now as it is trading cum with buffer from incoming dividend and cap repay.
Last min, manage to clear almost half of TM stake at 3.60, realize handsome intraday gain. Still retain 40% TM in the portfolio
Portfolio now have 40%available capital for bargain hunt tomorrow.
wow, make profit again huh...
Market closed 16points up, volume also quite high, likely to continue uptrend tomorrow.
Market down almost 1%, profit taking to lock in gain. Maybank down more than 20sen due to its right commerce trading today.
Make intraday gain on Maybank right: bought at 1.00, sold off at 1.03-1.05 for quick contra gain.
This right likely to volatile for next one week, render ample of appurtunity for trading.
Maybank-R is above RM1 which mean whoever bought MBB before ex will make the full right profit of almost 11%. Will this apply to TMI ??
Tomorrow is the ex-date for TMI, which mean one need to buy today in order to entitle right. HOpe it work well for TMI as well with the same 10% gain from right.
I think the profit margin for those buy Maybank before ex-right is almost 25% (Maybank before ex-right is trade at 4.08 (30/3), which mean if sell right today at 1.00, investor will pocket almost (1/4.08 x 100% = 24.5%)
In regard to whether or not similar pattern of trading will happen on TMI, one have to take into account that it so happen that after Maybank ex-right, global equity are in the midst of bull-run and sentiment has improve tremendously.
With bull run sending global equity skyhigh, probability of further higher and sustainbility of bull sentiment are still in doubt.
After all, it all depend on individual whether you are risk taker or risk averse for this kind of volatility.
Oh, sorry, your calculation of profit margin for Maybank is correct, as i forgot to include right issue is 9:20.
Although market down almost 1%, TM still holding very well. Q to sell TM if share is moving up for T+1 gain.
Market is well absord this morning loses of over 10 points with high volme. SUpport is very much intact. Market is still bullish.
TMI closed at 2.63, lets mark it down. tomorrow is ex.
Sold off all TM at 3.62-3.64, realize T+1 profit first. With that, TM stake in portfolio back to zero and cash capital boosted back to more than 80%.
Also sold partial CNI at 20-20.5sen, bought more classic scenic at 31.5sen
This morning, bought back TM at 3.58, equity stake for TM back to 40% of total portfolio. Q another 40% capital to buy TM at 3.56 now.
Today PM likely to announce new cabinet, which may serve another catalyst. Decided to increase stake in TM.
Bought forward buy order from 3.56 to 3.58. Equity stake for TM in portfolio now increase back to 80% of total capital.
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