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Friday, October 24, 2014

ECS Moving Higher


The trend at ECS has reversed. It is now on track to move higher. The stochastic is in a strong momentum.

Wednesday, October 22, 2014

CBIP On track to move higher


The 4th golden cross is performing to expection. Hold on to your shares.

Saturday, September 06, 2014

CBIP at its 4th Golden Cross




The above daily chart of CBIP shows 4 golden crosses. If you examine the chart closely, you can see that the first golden cross appeared on May, 20 (closing price 4.55); 2nd golden cross was on Jun 13 (closing price 4.42); 3rd golden cross was on July 21 (closing price 4.61) & the 4th golden cross was on Sep 9 (closing price 4.82). 

Now,  assuming that you had bought at the closing price of all these golden crosses, you are still okay, considering that the last traded price was at 4.82. 

Please bear in mind that TA (technical analysis) is not a science. So, if you are looking for certainty, you are sure to be disappointed and frustrated time and again. 

It's true that many chart users throw away their charts after having been at them for some time, but sooner or later have come back to them for reference. And each time they come back, they have become more efficient and wiser in reading charts. 

In the olden days, there were no clocks. People depended on cockerels to herald the arrival of dawn. It is said that when the cockerels crow for the 4th time, then dawn has actually arrived.

Whether you may use this analogy here is left to be seen. I shall give CBIP the benefit of doubt and buy more of it at this golden cross.

Investment is not without risk. You listen to me at your own risk. 



Friday, September 05, 2014

Lodge Your Complaints


If any one of you is aggrieved in any way by misleading or irresponsible statements, please complain to SC or Bursa.

The addresses are as follows:

aduan@seccom.com.my

aduan@bursamalaysia.com

As small investors, we must cooperate and do our best to protect our own interest.

Unite and move forward for a better tomorrow. 

Tuesday, September 02, 2014

We All Got Cheated


In the 3rd quarter ended March 31, 2014,  SEAL made RM117.339 before tax. EPS after tax = 24.84 sen. 

In the announcement made to Bursa on May 30, 2014, the Management of SEAL said as follows:

 Prospect
"Barring unforeseen circumstances, the Board expects continued improvement in the Group's performance in the remaining quarter. The Group continues to focus on and enhance its main core business, while exploring for new resources to generate sustainable income."

Then on August 27, 2014, the company announced that in the 4th quarter ended June 30, 2014, the company lost RM2.487 million for the quarter.

What a wonderful turn around!!! What happened? Ask the management.

Can we trust them again? What are they trying to do? Pump and dump in the 3rd quarter? And then depress and buy in the 4 quarter? You decide.

Misleading and irresponsible statements should be construed as part and parcel of fraudulent accounting which is a serious crime.







Tuesday, August 26, 2014

Latitude All Set To Move Higher


Latitude is all set to move higher. The stock is now at its all time high. The chart shows a strong uptrend which is likely to continue.

For the 9 months ended 31.3.14, the EPS equal 47.66 sen. Thus, the average EPS for each quarter work out to be 15.88 sen (47.66 / 3)

EPS for the 3 Qtrs are  follows: 1Qtr = 15.02 sen; 2Qtr = 19.52 sen; 3Qtr = 13.12. Traditionally, the 4 Qtr is better than any of the previous quarters.

On a conservative estimate, I shall take the 4Qtr EPS to be 15.88 sen. Thus EPS for the full fiscal year ended 30.06.14 will come in at 63.54 sen. At the last traded price of RM3.65, the PE is at an undemanding low of 5.74.

Latitude has a very strong balance sheet with little borrowings. If the stock is traded at a PE of 7.5, the price would be RM4.76!!!

My recommendation: Hold on to your shares or buy more at the present price.

You listen to me at your own risk.






Sunday, August 24, 2014

A Gambler Can Be An Investor


The beauty of the stock market is that you can either trade or invest. To make money by trading is much harder than to make money by investing. I wouldn't say you can't make money by trading. Actually you can, but you have to learn the skill first. So, unless you have the skill, do not trade.
To trade means to buy and sell shares with the intention and hope to make a profit within a few days to a few weeks. 
Most of these traders generally do not make any research themselves. They buy and sell based on tips from friends, remisers and analyst recommendations in the media.
They are usually small players with small amount of capital. Most of them lose money. They lose money because they lack the necessary skill to trade intelligently. Their transaction cost is high because they can't get special rates. Their cost of fund is probably high as well because they probably play on margins and a bank loan. 
With time constraint, high cost of transaction, high cost of fund, and a lack of knowledge, is there any wonder that the odds of winning are heavily against them? 
When you place a bet with the odds against you, you are  gambling. For example, when you go to bet in a casino, you are a gambler because the odds are against you. 
Can a gambler be an investor? Yes, a gambler can be an investor.
Peter Lynch, a well-know and successful investor, puts it this way. He said, " A gamble is an investment if you can tilt the odds to favor you." So in this context, a professional trader or gambler can be called an investor. Whether you agree with him or not is up to you to decide. 
A common mistake of traders, is that they take small profits and suffer big losses. When they have a winning stock, they sell when they have a small profit, but when they have a  losing stock, they will hold until there is a big loss before selling. This is what we call, "Eating like a chicken, and pooping like an elephant."
You can't win without skill. So if you wish to trade, learn the skill first. If you know a winning trader, get close to him, and learn from him. If you know of none, then you have to self-taught and learn from experience. 
Our present bull market is now well into its 6th year. It stared at the end of the bear market in March 2009. 
If you can't make money in a bull market, obviously something is wrong with you. You need to revise your way of play completely to turn around.  
You can't expect a different result if you have been doing the same thing again and again. You need to change; you need to find a better way to play the market. Otherwise, when the bears finally take over, your chance to make money is zero, and you are likely to suffer substantial losses.
Your need a license to drive, but you don't need any license to play in the market. Do you know why? 
Simply because, your mistake in the stock market is somebody's gain. So, the more inexperience or unskillful you are, the more welcome you are.
Think well before you speculate in the stock market. Do not borrow money; speculate only what you can comfortably lose. 
Better still, don't speculate at all. Just invest, invest and invest.