Deja Vu for Paramon ?

Last time I mentioned about Paramon on Trendline discussion. That was happening the 3rd time.
Will it happens for the 4th time ? I've entered some at 1.51, lets see how it goes, she may take weeks to repeat the history or she may not repeat the history this time. Lets see how see goes.

My first 100th post

I have took more than 1 year to reach my 100th post, well as per my plan I target to write around 2 post per week, which means I should reach my 100th post in less than 1 year. Basically, I'm out by a month. I do want to write sometimes but time really does not allow. Example, last Friday I have entered KLCCP at 5.50 and exited yesterday due to the drastic dropped in CI about 20pt. Actually I wanted to post on Friday just after I took the trade but I'm busy preparing and celebrating my beloved wife birthday, thus I decided to give the post a miss.

This week,  I also realised that our KLCI is going for a downtrend as the Lower High has formed. There also somewhat a Head & Shoulder pattern has formed. So, going for MP strategy, the risk has again double up. So, the support 1591~1593 is a key support (the neck line) to monitor closely,  if breaks, then all hell broke lose, and we will have to shut all position and comeback around 1553 which is another 40pt. Come to think of today close at 1623, then this will be a -70 pt (-4%) which will at least wipe out 10~20% of most medium to small size counters. So, we really must be more careful and tighten our selection if we really into MP strategy.

CMMT & Sunreit follow up

When I mention about them on 3 Sept http://reiccs.blogspot.com/2012/09/cmmt-sunreit-rebound.html , both of them did a small dip, well this minor dip, one have to factor into an investment plan. And today CMMT took the lead and hit  the 1st resistance 1.80 today and close +5.29% while Sunreit try to catch up from behind (a gap up of 3 sen during the matching time 4.50pm, but volume is not as convincing as CMMT). Wow, what a run for a REITS stocks in such a bad day for FBMKLCI (-19+ around 11am, but recovered back to -6.80). Market breadth was negative with 199 gainers as compared to 604 losers. Lets see, she able to break the resistance convincingly or still need to retrace for a while before going up. Will history repeat for CMMT ? See the yellow shadows and the sketch arrow.

Last week is really breathtaking !

A bad week for trading really is . Drop consecutively for 5 straight days for Small Caps and and only able to breathe for a day due to Dow overnight big rise (244pt). Well, from the chart, a bullish harami was formed on Friday, will our stocks rebound, I need to see how Monday close. If there is a rebound, it would be good till 20MA at least . For trading, the risk has increased. So, lets see are we in confirming a downtrend for FBMSCAP or is there the birth of an uptrend. In a matter of a week or 2 will tell. For me, I did not hold any MP stocks (for trading), I only holding investment stocks (which I would be holding on them for at least 3~12 months). I'm still on a look out should I trade in such a hostile environment or uncertain time.

CMMT & SUNREIT rebound !

Technically both of them shows a buy signal .
Will CMMT reach her broke through her 1.80 resistance & reach 1.89 ?
What about Sunreit , will she stay above 1.54 and challenge 1.61 again ?
Well, since both of these stock is my mid to long term investment, and now both of them is still uptrending, reaching both of these targets is a matter of time. Remember both of this Reit moves slowly but surely.
The recent IPO (IGBREIT) may put REITS as a theme play.
Lets see how the listing of IGBREIT will affect them.
I also apply on the IGBREIT, as many analyst give at least a 10% upside, so I join in the wagon, can save a bit on brokerage if selected.