Saturday, April 17, 2010
Crowds and Me
Most people do not follow their own trading plans because they let the crowd influence their feelings, thoughts and actions. The crowd is keep moving or swinging from hope to fear, fear to hope, optimism to pessimism. We are betting on the future mood of the crowd. Bulls and bears are all totaly strangers and it means our value of investment is also depend on these strangers action. What we can control is only the enter or exit trades.
Evaluate from myself, I alwasy feel tense when I am in the market. My judgement was then influence by the price movement after I put in the position. The crowd emotion shown on the price and it make me deviate from my trading plan and lose money.
Expert said, people change when they join crowds. They become more impulsive, looking for leader and act emotion more to interllectual. When you join the crowds, your thinking is become less capable to thinking for yourself. Do you think so?
When I join the group, I act like a child following a parent. Market do not care about all this. Successful traders are independent thinkers!
Evaluate from myself, I alwasy feel tense when I am in the market. My judgement was then influence by the price movement after I put in the position. The crowd emotion shown on the price and it make me deviate from my trading plan and lose money.
Expert said, people change when they join crowds. They become more impulsive, looking for leader and act emotion more to interllectual. When you join the crowds, your thinking is become less capable to thinking for yourself. Do you think so?
When I join the group, I act like a child following a parent. Market do not care about all this. Successful traders are independent thinkers!
Friday, April 16, 2010
KNM, SAPCRES
7164 KNM KNM GROUP BHD
PROPOSED ACQUISITION
KNM GROUP BERHAD (KNM OR COMPANY) - PROPOSED ACQUISITION OF THE ENTIRE BUSINESS
AND UNDERTAKINGS OF THE COMPANY (PROPOSED ACQUISITION)
Further to the Companys announcements dated 4 February 2010 and 22 March 2010
in relation to the above, the Board of Directors of KNM wishes to announce that
after due deliberation, the Company and BlueFire Capital Group Ltd (BlueFire), including its partners GS Capital Partners VI Fund L.P and Mettiz Capital Limited, are unable to reach an agreement on the pricing of the Proposed Acquisition. Hence, the parties have mutually agreed that the proposal made by BlueFire on 4 February 2010 has lapsed.This announcement is dated 14 April 2010.
14/04/2010 05:30 PM
KNM is trading at its lowest since May last year. Of the seven research houses covering KNM, three have a Sell call (target prices range from 59 sen to 68 sen), two Hold (target prices 60 sen and 72 sen), one underperform (75 sen) and one fully valued (65 sen).
Expect Friday to continue sell down the stock, the panic seller will make the price lower and lower. Observe the strength of the bear for today and is time to accumulate at discounted price. Sooner or later, believe that another acquisition will come. Will buy some if the price at 60 cent today.
Sapcres (8575) - Down another 2.13% on Thursday, closed at 2.30, with RSI at 39 now. Accu/ Dist going lower. If the price cross the 2.26 level the bearish will continue, support line.
PROPOSED ACQUISITION
KNM GROUP BERHAD (KNM OR COMPANY) - PROPOSED ACQUISITION OF THE ENTIRE BUSINESS
AND UNDERTAKINGS OF THE COMPANY (PROPOSED ACQUISITION)
Further to the Companys announcements dated 4 February 2010 and 22 March 2010
in relation to the above, the Board of Directors of KNM wishes to announce that
after due deliberation, the Company and BlueFire Capital Group Ltd (BlueFire), including its partners GS Capital Partners VI Fund L.P and Mettiz Capital Limited, are unable to reach an agreement on the pricing of the Proposed Acquisition. Hence, the parties have mutually agreed that the proposal made by BlueFire on 4 February 2010 has lapsed.This announcement is dated 14 April 2010.
14/04/2010 05:30 PM
KNM is trading at its lowest since May last year. Of the seven research houses covering KNM, three have a Sell call (target prices range from 59 sen to 68 sen), two Hold (target prices 60 sen and 72 sen), one underperform (75 sen) and one fully valued (65 sen).
Expect Friday to continue sell down the stock, the panic seller will make the price lower and lower. Observe the strength of the bear for today and is time to accumulate at discounted price. Sooner or later, believe that another acquisition will come. Will buy some if the price at 60 cent today.
Sapcres (8575) - Down another 2.13% on Thursday, closed at 2.30, with RSI at 39 now. Accu/ Dist going lower. If the price cross the 2.26 level the bearish will continue, support line.
Thursday, April 15, 2010
US Market Up!
Dow +103.69pts to 11,123.11.
A jump in retail sales, and further evidence, if it were needed, that U.S. inflation is not a problem, also helped.
Stronger-than-expected corporate results and March retail sales pushed the S&P 500 past 1,200 for the first time in 18 months.
Forecasts that the U.S. economy might experience a double-dip recession have mostly gone from investors radar screens, to be replaced by fresh happy-talk that a V-shaped recovery can now be expected
Let's see the New Zealand/Australia Morning Call-Global markets movement to reflect the above and align with US gain. Believe KLSE will follow up this morning as well.
A jump in retail sales, and further evidence, if it were needed, that U.S. inflation is not a problem, also helped.
Stronger-than-expected corporate results and March retail sales pushed the S&P 500 past 1,200 for the first time in 18 months.
Forecasts that the U.S. economy might experience a double-dip recession have mostly gone from investors radar screens, to be replaced by fresh happy-talk that a V-shaped recovery can now be expected
Let's see the New Zealand/Australia Morning Call-Global markets movement to reflect the above and align with US gain. Believe KLSE will follow up this morning as well.
Monday, April 12, 2010
TCHONG (4405) - Wow! What happen to this stock? Flying high again today. Our buyers are bit irrational to push up the price up. Lots of buyers want to catch up the boat after seeing the price moving up thought can get some handsome profit here. Beware of profit taking to come.
Rubber Stocks - Almost all in red. Lot of selling for profit taking happening I think. Ready to grab some stock at cheaper price. Let choose which one you like the most. Supermx, Harta, topglove or etc...
Dow already cross 11,000points, the Greece concern is ease already. Over the weekend, European leaders agreed to make loans available to Greece to help the country ease its debt burden. Investors looking for signs of domestic growth will get plenty of data to sort through this week, including the start of earnings season.
Rubber Stocks - Almost all in red. Lot of selling for profit taking happening I think. Ready to grab some stock at cheaper price. Let choose which one you like the most. Supermx, Harta, topglove or etc...
Dow already cross 11,000points, the Greece concern is ease already. Over the weekend, European leaders agreed to make loans available to Greece to help the country ease its debt burden. Investors looking for signs of domestic growth will get plenty of data to sort through this week, including the start of earnings season.
Sunday, April 11, 2010
AIRASIA, AXIATA, MAMEE
AirAsia (5099) - Dropped sharply for the past 3 trading days from RM1.44 (7th Apr) high to RM 1.32 (9th Apr) close, approx. 8% declined. Looking to buy some at RM 1.27 when there is a sign of reversal/ rebound. Basically, I like the stock that have volumn volatility and the roller coaster price chart up & down swing. Look back at it 17th Mar till 6th Apr from RM 1.30 to RM 1.44, 10% gained, bit slow but can consider a good upward. Moreover, the company is aggressively expanding & diversify fast.
a. Flatbed premium seat - service enhancement
b. VietJet Air and AirAsia have forged a strategic partnership agreement with the launching a Vietnam-based low-cost airline. AirAsia had earlier acquired a 30% equity stake in VietJet Air. Offering low fares to grow travel and tourism in Vietnam and in the rest of the ASEAN region
c. Direct daily flight from Kota Kinabalu to Hong Kong, further expanding its international connectivity from East Malaysia.
d. Venture into healthcare business? Low cost hospital? Recently CEO Tony Fernandes went into the education sector by taking a 30 per cent stake in Kuala Lumpur Education City (KLEC)
Axiata (6888) - Consolidated from 3rd Mar till 9th Apr yo yo at RM 3.8 - 3.9. The longest the flat price the strongest explosion if the trend start either downtrend or uptrend. Wait for the movement & excitement to come yet with the signal.
Mamee (5282) - Steady uptrend from last year till now, every now & then reach a higher high. Food industry is a stable and low risk stock to hold I presume. Some retracement lately, cross the bollinger mid band shown still bearish at the moment. Buy at lower price should be a good strategy now.
a. Flatbed premium seat - service enhancement
b. VietJet Air and AirAsia have forged a strategic partnership agreement with the launching a Vietnam-based low-cost airline. AirAsia had earlier acquired a 30% equity stake in VietJet Air. Offering low fares to grow travel and tourism in Vietnam and in the rest of the ASEAN region
c. Direct daily flight from Kota Kinabalu to Hong Kong, further expanding its international connectivity from East Malaysia.
d. Venture into healthcare business? Low cost hospital? Recently CEO Tony Fernandes went into the education sector by taking a 30 per cent stake in Kuala Lumpur Education City (KLEC)
Axiata (6888) - Consolidated from 3rd Mar till 9th Apr yo yo at RM 3.8 - 3.9. The longest the flat price the strongest explosion if the trend start either downtrend or uptrend. Wait for the movement & excitement to come yet with the signal.
Mamee (5282) - Steady uptrend from last year till now, every now & then reach a higher high. Food industry is a stable and low risk stock to hold I presume. Some retracement lately, cross the bollinger mid band shown still bearish at the moment. Buy at lower price should be a good strategy now.
Dubai Market
Bloomberg 11th Apr 2010 - Dubai’s benchmark stock index rallied by the most in more than two weeks. DFM General Index rose 3.4 percent, the most since March 25, to close at 1,824.97 in Dubai
Arabtec Holding Co., the United Arab Emirates’ biggest construction company rallied 6.3 percent
Emaar, the developer of the world’s tallest tower in Dubai rose 6.8 percent.
Emmar chairman: "The company doesn’t need Dubai government help as its India unit planned a share sale. The situation of the developer is healthy and that it hasn’t pulled out of a tourism project in Indonesia. property prices in Dubai are stable and that Emaar will not need assistance from the sheikhdom’s government."
Mashreqbank PSC fund manager: "There is value in the region as a whole and definitely in the U.A.E. Saudi was pretty strong yesterday, so that’s positive from a sentiment perspective. The first few earnings that have come out in the region have been interesting.”
First Quarter Earnings -
1.Saudi Arabian Fertilizer Co., a unit of Saudi Basic Industries Corp., yesterday said quarterly profit rose 33 percent to 698 million riyals ($186 million)
2.Riyad Bank, Saudi Arabia’s third-largest lender by market value, today said first-quarter profit rose 55 percent to 684 million riyals from a year earlier.
3. Saudi Hotels & Resorts Areas Co., an operator of hotels and housing compounds in the kingdom, said profit in the quarter gained 10 percent to 31.1 million riyals on income from a new project.
Arabtec Holding Co., the United Arab Emirates’ biggest construction company rallied 6.3 percent
Emaar, the developer of the world’s tallest tower in Dubai rose 6.8 percent.
Emmar chairman: "The company doesn’t need Dubai government help as its India unit planned a share sale. The situation of the developer is healthy and that it hasn’t pulled out of a tourism project in Indonesia. property prices in Dubai are stable and that Emaar will not need assistance from the sheikhdom’s government."
Mashreqbank PSC fund manager: "There is value in the region as a whole and definitely in the U.A.E. Saudi was pretty strong yesterday, so that’s positive from a sentiment perspective. The first few earnings that have come out in the region have been interesting.”
First Quarter Earnings -
1.Saudi Arabian Fertilizer Co., a unit of Saudi Basic Industries Corp., yesterday said quarterly profit rose 33 percent to 698 million riyals ($186 million)
2.Riyad Bank, Saudi Arabia’s third-largest lender by market value, today said first-quarter profit rose 55 percent to 684 million riyals from a year earlier.
3. Saudi Hotels & Resorts Areas Co., an operator of hotels and housing compounds in the kingdom, said profit in the quarter gained 10 percent to 31.1 million riyals on income from a new project.
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