Friday, November 20, 2009
Stock Take On Highlighted Counters & Returns
Time to do stock take since I have said the risk-reward ratio has turned sour, plus my 1,280 target for the year has been reached. Hence I will have been more aggressive in reducing positions. Below was the link to the previous stock take:
IJM Land, in at 1.81, supposed to wait for the 30% before, now 2.62... 44% take half profit, let the rest ride... but have a stop-loss(gain) at 2.50. Now at 2.27, stop-loss gain triggered, out of stock at 2.50.
CIMB, in at 10.30, now at 12.44... 20%, will hold for the 30%.
Breached 13.00, very close to 30%, enough for now. Out.
QL Resources, in at 3.34, now at 3.46... wait for bonus.
Closed at 3.89, 16% gain, not enough, this one is safe enough to hold for its bonus.
Sep 7: Kurnia Asia 0.58, went to 0.76 (+31%), now at 0.70, took half profit, let the rest ride, stop-loss (gain) at 0.64.
Closed at 0.72, riding to 0.76 two weeks back. Up stop-loss gain to 0.69.
Sep 16: TAS Offshore: in 0.78, had a run to 0.89, back to 0.80, still ok.
Dwindled to 0.76, cut loss here, seems not to be panning out as I thought.
Sep 17: Ann Joo, in 2.30, now at 2.70, +17%, will wait for 3.00.
Closed at 2.89, so close to my 3.00, but cannot be too fixated some times, take all profit, can't complain with 25% in 2 months.
Sep 28: Hock Seng Lee, in 1.02, went to 1.20, now at 1.15, can wait till Budget news out then sell.
Excellent results, trying to recover, closed at 1.15. Not going to wait as the anticipated catalysts have appeared and the stock is finding it hard to scale up, too many stale sellers waiting above 1.20. Out.
Sep 29: TAE, in 1.45, hold for TA Global exercise.
Still comfortable with this, thinks that TA Global will fly and so too will TAE.
Oct 7: Evergreen, in 1.01, now 1.07, some ways to go.
Went above 1.50 strongly, 40-50% gain in 2 months, what more you want, out for now even though I think this is good to 1.80 but risk-reward not that good and had to reduce stocks.
Oct 8: CSC Steel, in 1.08, now 1.23 (+13.8%), strong accumulation by institutional funds, will keep.
Took my 30% or thereabouts at 1.38. Out for now.
Oct 9: BRDB, in 1.72, now 1.90, small position, will wait till volume breaks out.
Volume breakout never came, looks like a need to hold for a few more months, owing to big picture not that conducive, out.
Oct 12: Fajarbaru.
In at 1.20, did try to move but sluggish much like HSL, cut.
Oct 14: Weida.
In at 0.76, also sluggish 0.67, cut loss.
Oct 16: Efficient e-Solutions. In at 0.235, went up a bit, but back down 20.5, cut at 0.22.
Though not a "Why I Like" stock, I did mention Magna Prima as a stock to watch, it has gone from low 2.00 to above 3.00 since then, no position.
Oct 20: Success Transformers.
In at 1.18, went to 1.32. Close at 1.21. Took 1/3 profit at 1.30. Will hold for Seremban Engineering IPO.
Oct 26: Notion VTec.
In at 0.505, 5 into one exercise. Now holding at 2.57. This one I will hold for the placement announcement and mid term.
Nov 6: Salcon. In at 0.565, sold 1/3 at 0.605. Holding well, will keep the rest for my 30%.
Nov 13: Inch Kenneth.
In at 0.445. Volatile, sold 1/3 at 0.52. Closed at 0.475. Recent posting, will hold.
Nov 17: Supportive. In at 1.03. Also volatile, sold 1/3 at 1.14. Closed at 1.09. Recent posting, will hold.
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p/s photo: Maggie Wu