Another Momentum play - KLCCP

Another good stock in play. When she was around 3.1~3.4, I did have a look on her, just found that she is quite range bound and boring stock. I came to observe her is due to her low PE at that time (around 10+). She did give good dividend also (3~4%). Well, for a 3~4 % dividend stock, I don't think is worth keeping for a long time. Recently she has broke out of her range bound stage and keep up trending. I think this is due to the news that they want to unlock their properties value and list their properties as REITS.  Last 2 weeks, she has corrected back to 20MA , is it the ripe time to have a long position for a MP strategy ? Well, is up to ones appetite again as the election announcement is getting nearer and nearer, meaning the risk of big correction will be near. So, the RISK will be high. Well , E =4.94, S = 4.64 , P = 5.40. Lets see how she goes from here. As always, caveat emptor.

MPHB - Another 1 more round ?

On 2nd Jul, I jumped into MPHB for a short ride (Momentum Play), I got at 3.41 just before she closes. Then I set my target to sell at 3.69 (for a gain of RM0.28). She did reach a high of 3.69, but I did not sell as greed overcome me, plus I saw the buy momentum was still high, so I go for the next resistance 3.82. So   I q every morning, but on 12/Jul, too many things was in my mind, I accidentally q 2.82. Suddenly, I got an alert that my q was done but I dont believe my q was done so early in the morning as yesterday she closes at 3.65. Then I only realise I type wrongly, phew, luckily I did not have so many position and my error q (2.82) was taken up by buyers at 3.65. So, my trade was close with a gain of RM0.24.

Seeing her chart another buy signal has trigger again after she has retraces from 3.72 peak. She is still much in the news of de-merging her Magnum business with the rest of her other business. And the dividend ex date is getting near. So, there may still a last push for her to reach at least 3.72 if not 3.80. Given the Dow and DAX closes badly, around 1% drop, and our KLCI has formed 2 shooting star, this may signal pullback as our CI has been running up for quite a while. So, we may able to get MPHB for a lower price than 20/July closing price 3.67. The stop loss of this trade is below 3.50 but one have to know that the Risk Reward Ratio is not good if we get in at 3.67. So, is up to individual risk appetite on this trade. Just another view, Maybank Investment analyst has selected her as her top picks & give a target price of 3.87 .

CMMT -Another Good REIT to consider !

You see that I have been keep Sunreit for nearly a year. She has been trending up since the day she launch. A bit boring stock but good for long term investor.

Another REIT that worth mentioning here is CMMT. She also has been trending up since she was launched but this one I miss to purchase as during that time I just decided to pick one for a long term investment. Then after on and off, I do have a peek on her. She is more volatile in daily terms. So, I think now is a good time for me to purchase some. I realise in these 2 days there are some big fish (5000 lots each time and high buy rate) eating her up till 1.67~1.69 but due to no follow up buy queue to support the medium fish seller, the price went back down to where she is at the opening bell. If the big fish still have more budget buying in then I believe all the medium fish will be drained off in a matter of time and the price will eventually go up, at least back to 1.75. So, lets see how she goes. For CMMT, I believe even short term play is also viable.

Genting SP - Do you still fond of ?

I remembered, in 2009, everyone was talking about buying her . My friend, my mom, my sister, her friend, many others talk about buying her when she was around S$1.20. Well, I didnt get any as I feel the high brokerage and the exchange rate loss deter me from investing her. She really did climb to her high 2.33 around Nov2010. Since then she has been slowly trending lower before she caught in a SIDEWAY CHANNEL since Aug2011. And now, she is at her lower channel line again, broke slightly below the lower channel line of 1.41. She is now trading around 1.385 ~ 1.42. So, is it a good buy now ?

Well, 2 weeks back I was attending Maybank Fundamental Analysis Talk by KimEng/Winson, he did mention, buying Genting SP at 1.41 would be a good buy in terms of FA point of view. Coincidentally, TA point of view is also good. So, what do you all think ?

My take is if this support 1.385~1.42 hold, then after collecting it, one would have to patiently wait to P around 1.74 (22%). If this important support breaks, then I would wait for 1.24~1.28 for a tactical entry.

2012 Q2 Trade/Investment Summary

Is time again for another review. This time is a 50/50 for me, 2 lost, 2 win. The most important here is money management and risk reward to ensure profit even with only half of the trades taken go my way. I'm still keeping my Sunreits as a long term investment stock. See that my holding days is less than 1 year while my Paper profit has reached 31.4%. This round, you can see that one need not monitor the market everyday or being an active trader, the profit from VI (Value Invest) has better gain than my MP (Momentum play) trades.