How's the overall market sentiment on 27/Feb/12 ?

Well, lets have a look at FBMSCAP, this index will tell you the overall market as most of us are buying small cap rather than those top 100 shares (FBMT100 which inclusive of the 30 index link big cap).
Well, overall the market is still healthy and she is still in the consolidation phase which I think in TA terms is not yet a buy call. But for those really into FA, is the 1st shopping stage. I would put some money into my favourite stocks for MP when the Fbmscap really show some rebound.

For our main index FBMKLCI, she is still uptrend & bullish but blocked at a resistance 1566. If one look at the chart closely, the bullish momentum is diminishing but again see our big boy want to push her further or not. 1600 ,any guess ? If there is a breakout above 1566 but the volume still at low, then there will only a safe bet on big cap stocks & I believe Fbmscap will continue her sideway or downtrend. So, picking big cap would have a higher probability, then again now is still too early to dictate anything as the volume will tell me where our overall market sentiment will go.

Good bye from alpha chart blogger

Well, I would like to wish alpha all the best in his future endeavour.

My motivation or driver for me to start my own blog comes from cpteh, alphachart & even samgang .
Everyone starts a blog with a purpose, may it be business, dairy, teaching, sharing or just for passion.
For me, I have an intention to share my opinion & some knowledge as a start and then hopefully can earn
some side income may it thru adsense (I have applied and awaiting for approval) or maybe in the near future start a private blog providing service in analysing my members' stocks or even writing in details my own trading explain why I buy or sell.

For alpha, he started off blogging out of passion and a a dairy for himself. Well, then I observed there is criticism between sam & alpha. To some readers, they find it amusing & some even say is fun to read. Hmmm, at least now, sam has less one blogger to make fun off. Anyway I'm more neutral to this as I'm a hybrid who believe in FA & TA.

Lastly, I would say is a pity alpha decided to stop blogging as I'm eagerly watching his portfolio to continue growing towards the RM1 million mark. Anyway, all the best again.

Value Invest & MP signal-Coastal

Well, I have a good 35% profit from her. But I still not yet have enough from her as her intrinsic value should be around RM4.65. For my new readers, you can read through all the post of Coastal that I've blogged under the Labels categories.

Well, on 17/Feb she just showed a TA buy signal, E will be around RM2.33~2.41 (though one may not able to get at RM2.33). Stop will be 2.32 & P will be 2.69~2.79. Actually, I'm expecting her to retrace to RM2.19 before charging further up, but the TA signal just flash, so let see this signal is a strong one or not,  just going in to long some but with small position as I believe this one would need a fast in fast out before the whole FBMKLCI and FBMSCAP come crashing down for longer period to be so call a decent correction before the last charge up till our Election.

Well, lets see how this Momentum play (MP) trade goes my view or against it. For purely fundamental, definitely she is still can be hold as she still show annual results.

SBCCorp - Momentum Play (Flag !)

As the FBMSCap has started to retrace, I don't intend to long any stocks. Just as I was screening out some of my previous purchased stocks, I bumped upon SBCCorp is forming a Flag (TA terms). Well, if she breakout from 1.04 with volume >0.24mill, then it would be a flag breakout and the project P would be around 1.17. I would put a Stop loss at 0.995. Since the index is weakening, it would be prudent to long a smaller size in case any BIG BEAR damaging the environment around.

HSL - Time to take 31% Profit .....

Well, HSL seems to be running like Coastal.
So, observation from chart pattern in 2011, Coastal have been stopped by the
sideway pattern previously support at 2.69. Indeed, she pass thru 2.69, retraces and form a shooting star.
In Coastal, I waited for confirmation before I take profit, these causes me gain less by a few %.

So in HSL, this time, I decided not to wait for confirmation of a shooting star. I have queue at 1.74 (similar sideway pattern support turn resistance as Coastal) early morning and closes all my position. Well, today close, sheform a hanging man, hmmmm.....lets see how she run in the next few days, remember one cannot always sell at the top, if she goes up further I have to accept my trade decision and not regret, if she retraces, is good to stalk for another purchase, I believe there may be another run.

Coastal, time to take the 35% Profit ?

Well, those who bought around 1.9+ is gaining a whopping 35% profit by now (less than 4 months wait since I first mentioned about her) , well I 'm clearing my position on Friday 10/Feb as the there is confirmation for the shooting star (9/Feb) which I think is time for some correction. Note that I purchase Coastal as a Value Invest stock, she has yet to climb to her intrinsic value around RM4.65. If one has a lot of quantity, then she/he may keep some in case TA shows a false signal, as TA is not 100% right. Who knows, Coastal may jump up again on Monday. But those who follow TA, would like to follow the signal to take profit and wait for her to retrace and stabilised, maybe around 2.4 or 2.19. That time, we can load back. Will continue monitor her closely to catch for another run.

Value Invest - HSL gaining momentum !!!

Refer to my posting here, http://www.reiccs.blogspot.com/2012/01/value-invest-hsl.html, I mentioned the 'W' reversal has started , indeed she did a leap to breakout from her last resistance to complete the W formation. At this level, I'm gaining paper profit of 24% which my average purchase price is 1.32. Next, her next target is 1.61 and 1.74 which I think is possible. Whether she will be back to her last her high of 1.92 would really depends on the overall KLCI market direction. Anyway, I have sold some of my position at 1.51 to secure some money back into my pocket. Remember always sold on rally. Then let the rest run with a trailing stop loss. See if HSL will perform like another Coastal (Later when I decided to clear my remaining position in Coastal, I will post it up).

If you see my purchases on Coastal & HSL, indeed I bought it when low (near bottom though may not be the lowest point, remember no one in the world can calculate the lowest trough or the highest peak to buy & sell). Buying Value stocks need patience (indeed I told about HSL being selling at 33% discount against my calculated intrinsic value of 1.88 while Coastal selling at 40% discount when I initiate my purchases)

Is there anything to buy ?

One of my reader ask me why no new recommendation of stocks. Well, I told her I'm still offloading my current stocks that I purchase for quite a while as I believe current market is considered a bit risky to buy if one does not have time to monitor closely for a fast in fast out trading. I do not have this time luxury.

As recently, I'm damn busy and stress out, I just want to clear my long position and wait for market to correct before screening for stocks again. So, to trade/invest successfully, PATIENCE is one of the utmost criteria needed.

Well, btw I believe HSL has some more room to go, lets see how is it till the quarterly results season starts.