Thursday, May 27, 2010
Joy! As I scalp $185 from speculating in shares of Integrated Rubber Corp(IRCB) without paying a cent...
...and the profit paying for a delicious 6" personal pizza with 'cheesy lava' crust from Pizza Hut!
Tuesday, May 25, 2010
My market sixth sense prevented me from buying stocks on Monday...
...and how fortuituously so!
The stockmarket index did not even open in the green & proceeded to weaken gradually throughout that day.
Today, the weakness broke open from the get go and the fear that spread through Asian markets amidst the North-South Korean tensions weakened the M'sian markets considerably.
I tiptoed into the market nonetheless today, sensing that perhaps a sharp rebound is nearby, buying small lots of IRCB and MPI(which happened to declare the anticipated $100 dividend after the market close).
We'll see how the US market fares tonight.
The stockmarket index did not even open in the green & proceeded to weaken gradually throughout that day.
Today, the weakness broke open from the get go and the fear that spread through Asian markets amidst the North-South Korean tensions weakened the M'sian markets considerably.
I tiptoed into the market nonetheless today, sensing that perhaps a sharp rebound is nearby, buying small lots of IRCB and MPI(which happened to declare the anticipated $100 dividend after the market close).
We'll see how the US market fares tonight.
Saturday, May 22, 2010
Ready to do some short-term trades come Monday...
My targets are one or more of the following:
-Parkson
Short reasons : It's a fundamentally sound stock currently oversold & at good supports, with share buybacks accelerating in recent days.
-BRDB
Short reasons: Fundamentally a solid property company, Bandaraya is currently close to supports established in January and June '09
-Rubberex
Short reasons : It has come full circle,returning to the starting point of a huge breakout move from around $1 to a high of $1.80. Fundamentally, it's a sound stock that is in a hot industry ~ rubber gloves
-MPI
Short reasons: The stock has reached an oversold level that coincides with support from the Feb/March lows of this year. Also, a nice tax-exempt dividend is expected to be declared soon.
-Parkson
Short reasons : It's a fundamentally sound stock currently oversold & at good supports, with share buybacks accelerating in recent days.
-BRDB
Short reasons: Fundamentally a solid property company, Bandaraya is currently close to supports established in January and June '09
-Rubberex
Short reasons : It has come full circle,returning to the starting point of a huge breakout move from around $1 to a high of $1.80. Fundamentally, it's a sound stock that is in a hot industry ~ rubber gloves
-MPI
Short reasons: The stock has reached an oversold level that coincides with support from the Feb/March lows of this year. Also, a nice tax-exempt dividend is expected to be declared soon.
Friday, May 14, 2010
Olympia defies a red stockmarket day...
I'm able to claim a small profit on this company's stock as it surges 20% by the close, after being 'stuck' at a relatively high cost price since the beginning of the year.
What I am most proud of is my ability to resist the siren song of the market thus far, and adhering steadfastly to my view that the stockmarket has not bottomed in the current 'correction'.
What I am most proud of is my ability to resist the siren song of the market thus far, and adhering steadfastly to my view that the stockmarket has not bottomed in the current 'correction'.
Saturday, April 10, 2010
A sneak peek : Bolton Bhd
This will be the last stock I'll be recommending gratis
[Hopefully, some readers can make enough money on this, if it turns out, to decide on subscribing to my service]
The charts below show the daily, weekly and monthly technical picture for Bolton Bhd.
Things to note :
TECHNICALLY
- MACD has crossed on all three timeframes,an extremely bullish sign for the stock!
- RSI is signalling a continuation of the rally which started at around 63c in early March
- the intermediate resistance at 73c seems to have been overcome on good volume last Friday, but whether the stock will fall back on profit-taking remains to be seen
- However, the likely targets in the current sentimentally bullish environment are 78c followed by 80c.
FUNDAMENTALLY
-Major shareholders have been buying, with one increasing his stake from 19.95 million to 21.93 million shares lately
-In its latest quarterly report, the company seems to be trading at a 51% discount to NAV, and has a trailing P/E of less than 10.
Finally, the Property Sector is being touted in many analysts' reports these days, and Bolton Bhd is one of the most ignored and undervalued gems in this sector.
Daily chart
Weekly chart
Monthly chart
[Hopefully, some readers can make enough money on this, if it turns out, to decide on subscribing to my service]
The charts below show the daily, weekly and monthly technical picture for Bolton Bhd.
Things to note :
TECHNICALLY
- MACD has crossed on all three timeframes,an extremely bullish sign for the stock!
- RSI is signalling a continuation of the rally which started at around 63c in early March
- the intermediate resistance at 73c seems to have been overcome on good volume last Friday, but whether the stock will fall back on profit-taking remains to be seen
- However, the likely targets in the current sentimentally bullish environment are 78c followed by 80c.
FUNDAMENTALLY
-Major shareholders have been buying, with one increasing his stake from 19.95 million to 21.93 million shares lately
-In its latest quarterly report, the company seems to be trading at a 51% discount to NAV, and has a trailing P/E of less than 10.
Finally, the Property Sector is being touted in many analysts' reports these days, and Bolton Bhd is one of the most ignored and undervalued gems in this sector.
Daily chart
Weekly chart
Monthly chart
Going into Paid Analysis starting 12th April 2010
Dear faithful blog readers,
Because of my ability to spot profitable trades using technical analysis, I've decided to share my top picks.
Until now, I've only leaked out three winners, two on this blog(Mitrajaya in Feb '10 and Petra in Mar '10), and one in a facebook group(Ramunia in Mar '10), but have kept other profitable trades largely to myself(BinaPuri in Mar '10, WTK in Dec '09 etc etc)
Based on my outlook on the M'sian market(as well as markets globally), I have screened and distilled a select list of stocks that can offer returns as wonderful as the ones revealed so far.
The equity market these days is a difficult and treacherous environment for small retail traders, as many stocks(apart from the quality blue-chips) can remain stagnant for months and cause one's capital to be stuck for an indefinite period of time.
I've decided to share these 'tips' for a small fee of RM63 monthly payable in advance. Subscribers therefore have the option of cancelling on a monthly basis if my advice isn't working out.
Please e-mail me at zirdex@yahoo.com.sg if you are interested in this service
Best regards,
Dominic Lim
Because of my ability to spot profitable trades using technical analysis, I've decided to share my top picks.
Until now, I've only leaked out three winners, two on this blog(Mitrajaya in Feb '10 and Petra in Mar '10), and one in a facebook group(Ramunia in Mar '10), but have kept other profitable trades largely to myself(BinaPuri in Mar '10, WTK in Dec '09 etc etc)
Based on my outlook on the M'sian market(as well as markets globally), I have screened and distilled a select list of stocks that can offer returns as wonderful as the ones revealed so far.
The equity market these days is a difficult and treacherous environment for small retail traders, as many stocks(apart from the quality blue-chips) can remain stagnant for months and cause one's capital to be stuck for an indefinite period of time.
I've decided to share these 'tips' for a small fee of RM63 monthly payable in advance. Subscribers therefore have the option of cancelling on a monthly basis if my advice isn't working out.
Please e-mail me at zirdex@yahoo.com.sg if you are interested in this service
Best regards,
Dominic Lim
Thursday, April 1, 2010
Update on my double bottom call(Petra Perdana)
The stock has risen 11% since my March 8th posting. The April Fool's day chart shows the stock overcoming moving average resistance(black line) and this seems to portend further advances in store.
No fooling!
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