KLSE at all time high or going higher ?

Is been nearly 1.5 months since my last post, been busy with my work, holiday trips and lately got sick.
Hmm..., KLSE at all time high but there is no euphoria. So, the major crash that some analyst been expecting will not turn true at least in the near future. Chart wise, KLCI may be retracing to 20MA at these moment. FBMSCAP on the other side seems like rebound and going uptrend.

Didn't buy anything new recently except my latest purchase on 19/Nov which I didnt have time to post up, I got some CMSB at 5.60 for a VITT play. Still holding on, tomorrow will be decision day if she drops back.
2 analyst report , Maybank TP 7.20 and RHB TP 7.55. Lets see whether she will push through to reach the TP at 1 go before retracing.

MP : Malton

Its been a while I post on my Momentum Play.
Did a few MP last few months but just too lazy to post it out.
Last week 14/Oct, I spotted Malton and have a very short trade.
Bought at RM0.865 and sold at RM0.95.

Today a buy signal for my MP strategy flash again.
E=RM0.955. P=RM1.00.
Lets see how this pans out.

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3 Strategies separated into 3 Portfolio

Recently, I have started to separate my 3 strategy and categorise into 3 different portfolio to make it more tidy and able to analyse which strategy gain the most. I will evaluate these 3 strategy every end of the year,

Porfolio 1 (Value Invest - VI)
Buy and hold, mainly for capital appreciation and dividend collection. So, thats where I put my REITS.
Mainly very strong fundamentals and high dividend (>5%) paying company.
This portfolio will be very inactive and demand little of my time.

Portfolio 2 (VaIue Invest with Trend trading - VITT)
I'll buy and sell half when reach 2nd resistance and have the remaining half set with a trailing stop loss.
I will not cut loss if the the trade broke my 1st support instead will average down upon seeing reversal.
Mainly very strong fundamentals and dividend paying (at least higher than Fix Deposit) company.
Will sell all the remaining upon breaking my trailing stop point.

Portfolio 3 (Momentum Play- MP) 
I buy at support/breakout/flag/pattern/sym triangles, may sell all upon hitting 1st resistance, if number of bought shares qty is high, will sell half at 1st resistance and sell all upon reaching 2nd resistance .
I will cut loss upon break my stop loss point.
This one, I will not look too much into fundamentals but at least is not a high loss making company.

Still interested in Malaysia Reits

I found that my recent post of Malaysia Reits drawn the most view page in the recent months. Seems like a lot of silent audience has very keen interest on the REITS that they have bought.

3 months ago (End/June), one of my colleague ask me about what Malaysia stock he should invest in. He is at the age of 50s, he told me he had some money but he wanted to invest in a more secure investment. He actually interested in stocks. I told him, if you dont know much about TA, then you should be investing based on FA. But investing based on FA is a bit tricky as some VERY GOOD FA company share price did not go up instead they are going down or flat. So, in order to have some patience, I told him, I did put some money in REITS for long term purposes. And the 1 things that keeps me going is the dividend (near to guaranteed of around 5~6%). That time I told him about Sunreit and IGBReit that I invested but mentioned HEKTAR gives better dividend (around 7~8%). Then time flies, around Sept,  he see those REITS getting lower and lower, he talk to me again and he mentioned he yet to buy. He told me he worried things may get lower ? I just mention to him this is the best time , SUNREIT was trading around 1.28~1.30. I told him you must implant the courage and strategy, if things go lower, average down using the dollar cost averaging strategy. In the end I think he didnt buy also.

Okay, thats the story part, lets see how M-REITS is performing. They are resisted by 200MA twice and now reversing, if they found a support and form a  HIGHER LOW and and RSI is at oversold. I believe thats the time to enter some position, for me, I will average up/down on my SUNREITS. Currently my cost stood at 1.39 if I were to include all the dividend, it stood around 1.34.

M-REITS seems to me there is a chance of forming a "W" shape reversal or Uptrend line. Anyway, REITS are very slow. So, in order for the shape to form, they may take another month or so. Lets see by then.

Share Tips !!!

Some history telling down my memory lane.

I just got myself burnt in 1997 as I bought shares from CLOB (a Singapore board to trade Malaysian shares). Thanks to Tun Daim decision to freeze all our Malaysia's stock portfolio bought in Singapore, I had my warrants becomes useless papers and some shares that did not able to survive through the crisis get delisted. I was not able to get a single cent back from these shares that I was holding as I'm not allow to trade as the Malaysia gov had freeze all shares bought under CLOB. I had to pay some commision fee a appointed company to transfer back my shares to Malaysia stock broker. Even so, they can only be released in stages throughout 2 years. By then, some of my shares like Renong-WA already expired and Promet being delisted.

Then came 1999 after our Asian countries had just bottom out from the financial crisis in 1997~1998 , STI have a bull run, I want to recover some of my losses but then again there is no one talking about learning TA and FA (at least all my friends doesnt talk about it). So,  I just bought shares based on TIPS !!! from broker or friends. With this TIPS, I do recover some of my losses, but not much as I do not have much bullet, just bought by contra.

Hmmm, with now after so many years, and the internet is so advance, there are so much information about TA and FA everywhere, but yet many people prefer to listen to TIPS ! I also do listen to TIPS but I would analyse it before buying. I heard from my sister, some of her friends bought some of the shares that I mention here that is good to buy but didnt even bother to read my blog content ( some I mention but is fully valued), she still bought into it.

Well, I did earn some money from HAPSENG recently which I got this TIPS from a friend and after analysing it , she is having a UPTREND, so I bought into it. I have just sold all of it though she is still trending , I may buy into her again. Lets see how she pans out in the coming days.

37% gain in 3 months ! What do ya think ?

My previous blog, I did mention, if one is interested to load some SUPERMX, can try getting around 2.17, she really did give everyone a chance to load up on 28/Aug.
Well, as per my observation, SUPERMX is catching up with her peers in terms of PE.
Her peers are trading around 18~21 while she is catching up around 15~16.
My valuation of her intrinsic value is around 2.82 and today she is closes at 2.74, getting fully value soon. Well, after fully value, I should take my profit, if I'm greedy I'll continue using trailing stop strategy . Hmmm.....technically the next resistance is 3.04 but she may take a breather around 2.82 ? Lets see, I may just make a decision tomorrow to take or not to take if she reaches 2.82 or to wait for 3.04. Will she able to reach ? Time will tell.
And now is not the time to chase as a very good opportunity is given on 28/Aug has passed.

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2nd year Anniversary ! HAPPY BIRTHDAY !!!

Its time again to celebrate my blog 2nd year !
Lets remind myself of my purpose for this blog.....
1) To record my own trading and the way I deal with each trading or investment.
2) To share my knowledge to any readers who is interested in reading my blog or gaining some basic trading knowledge.
3) To earn some advertisement pocket money though still not improving !!!

Hmmm....lets see how long I can continue blogging. I've seen a lot of blogger come & go. Even in my blog list, there are 2 blogger that is not writing for a few months. Well, at least I try my best to put something in at least once a month. Though I do not like to put too much off topics in my blog, I'm quite a tidy person in terms of documentation.

Every anniversary, I believe every investor have to brave through the downtrend. Lets see whether the there is a technical rebound tomorrow to offload my trading stocks in the next few days. Recently, I have purchased Hapseng & Pantech for some short term trade. Both of these stocks I have earn some money last few months, I didnt blog them out as sometimes my schedule is really busy that dont allow me to update here.

Its a bird, its a plane, no ! is SUPERMAN !!! errr... SUPERMAX ?

Just some follow up on my Supermx, just want to create some interested title. Last few days, had a talk with my sis about my blog. She say I should put some more interesting Title instead of boring ones, e.g " Supermx : Aug2013 Follow up. So, here it is, the above title. Hmm, I've been holding on to Supermx since June2013, Its been 2 months and already up 16.7% from my entry price. Well, I purchase on Value Invest strategy, so I will hold on for a while as she yet to near my intrinsic value calculation. Btw, as time goes on, Kossan TTM PE has already chase near the Harta & Top Glove, wonder Supermx need the power of the Man of Steel to boost faster to catch up with his peers as time is running out as when the quarter earning reports started and end around end Aug, I would expect some market pull back (prediction base on past years records).

I told my sis about Supermx that I blogged, she asked me, can enter at this price ? Well, as she is my sis, I wouldnt mind giving her my opinion. I told her, Supermx price has just form a Doji candle and is resisted by 2.33 Resistance line, it would be risky to enter now, if she retrace to around 2.16 would be a good entry point. I didnt advise her on the breakout strategy as I think if Supermx would to breakout, the running is too fast for a person who are not familiar with TA short term trading.

2.33 is a resistance, well, if she do well in clearing this then I would expect the next one, 2.43 and 2.50. By then, I would definitely cash out some money to ease my greed/fear, haha, then i would let him ride till near the analyst FV which is around 2.44 (which is around the next resistance) where I will use some TA technics to perform some trailing stop loss monitoring to take profit for the rest of my holdings. As always, lets see how she goes, time will tell.

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Selamat Hari Raya to all my muslim readers

Malaysia's REITS follow-up

Its been a while since I follow-up on REITS. Those who have been following my blogs, knows that I'm holding some SunReit , IGBReit & CMMT. Since 26/Jun/2013, the reits have confirmed started going downtrend. Well, since I have been buying REITS as my long term investment, I didnt pay much attention on them in terms of their charts. When I say long term, I meant around 3~5 years. Well, as long as their fundamentals are intact, there is no point to do anything since I buying as a dividend play stock.

I plot a REITS index from selected 5 big REITS (IGBREIT, SUNREIT, CMMT, PAVREIT & AXREIT). One can see, there are still in a short term downtrend, and next 2 weeks will be critical in order for them not to fall into a medium term downtrend.

Lets see, after raya, how they goes. If they rebound as per my target, I may do
a swap IGBREIt into CMMT or SunReit to reduce my diversification (or some expert say diworsification, haha). I want to spend lesser time so I cound be more focus.

If they goes down further, I would do some dollar cost averaging, this will help bring down my average price.
I wont cut loss on my Value Invest Long Term Stocks, as there are not much fundamental change on these stocks. So, I have to stay tune and brave thru the downtrend.

As always caveat emptor.
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Supermx : July Follow-up

Well, SUPERMX broke out convincingly from her immediate downtrend.
At least the 1st target 2.17 would be reachable in probability point of view.
Will she change to uptrend ? Time will tell.
As I say, all her compatriots already fly to a PE range of 15~19, but she is still around 11+.
Lets see, she able to do catch up.
For Fair Value, just refer back to http://reiccs.blogspot.com/2013/06/value-invest-supermx.html .
Hmmm, even Kossan has catch up with Top Glove & Harta.
My previous blog, Kossan TTM PE is only 12.2, as of today her PE has risen to 15.7.
Hmmm, I should have put some money into Kossan aside Supermx.

As always, caveat emptor

Limit down cases study : Coastal

I pick Coastal to follow-up the following trading day behaviour after the abnormal gap down on the Friday 21/June/2013. Indeed, as I predicted she will gap up till Limit Up, I did queue at 1.93, but did get any, I try to buy at 1.94 but the system does not allow me to, but don't know why later some trades can be down at 1.94. The next day 25/June, due to some hesitation to chase further as the market crashes badly on Monday.
If I were to queue at 1.94, again I cant get any, as she gap up to 1.98 before pressure back to 1.93 (2 sen above yesterday closing).

Anyway, she continue her climb and today she reaches back the Thursday (20/Jun/13) closing price, 2.10. So, now everything back to normal. Here you can see a 30% limit down, needs a 30% limit up with 2 more consecutive up day before she can recover to her original prices. Thats mathematics, down is faster than up.

Btw, RHB just upgrade her Fair Value to RM3.00. The reason being given by them is as follow

"The Edge Financial Daily reported today that Coastal Contracts (COCO) is acquiring its first jack-up drilling rig for USD200m (MYR641m). Assuming an 80:20 debt-to-equity ratio, COCO’s balance sheet will be leveraged up to some 0.46x net gearing based on its latest quarterly numbers. Given the change in the company’s earnings dynamics, we upgrade the stock to a BUY from NEUTRAL, as we raise the PE ratio from 8x to 10x. Our FV is thereby nudged up to MYR3.00 from MYR2.33.
The article mentioned that COCO will only take delivery of the jack-up rig in 2H14 (likely end-3Q14). "


Rei comment :

I got the meaning from the article is the recurring income will only starts improving around 3Q14 but now is only 2Q13, hmmmm...so she "may" only start to climb towards her targeted price around Mid/2014 ???

Anyway, I'm putting a more conservative approach, my intrinsic calculation (reduce from my last blog up due to her dwindling quarterly earnings) is around RM2.21.


As always caveat emptor.
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21May2013 What a day ! 6 Limit Down & 2 Limit Up !

Well, I didnt see this before, imagine during the last 10 minutes, a huge fund throw in substantial amount of shares to 6 good FA stocks and cause them limit down or near limit down. This is really worth to record down in my blog and I really witness one of them moving drastically (Coastal).

DOWN !!!
Coastal : Close at 1.48, -RM0.62 send (-29.5%)
CBIP :  Close at 1.93, -RM0.82 (-29.8%)
TDM : Close at 2.90, -RM 1.24 (-30%)
BKawan : Close at 13.46 , -RM5.76 (-30%)
HSPlant : Close at 1.89, -RM0.81 (-30%)
BJToto : Close at 3.20, -RM1.01 (-24%)

UP !!!
JCY : Close at 0.90, +RM0.24 (+36.4%)
Star : Close at 3.71, +RM0.85 (+29.7%)

I would say those who queue a few bid low during 4.44pm for the above Limit Down counter, suddenly able get at a very cheap price and gain heavily on monday, like striking lottery. I would believe that these counters would go back at least near to her 21May 4.44 pm prices .

On the other hand, if you were queueing at the seller price at 4.44 pm, you already immediately strike a 30% lottery and got to sold at the limit up price. Let say, you were queueing JCY to sell at RM0,70, suddenly you get another RM0.20 free due to the 5 minutes matching to close at RM0.90. What a gain !!!

Coastal ( I was lucky to view this irratic movements)
At 4.44pm, she was still trading at buyer 2.16, seller 2.17, and last done at 2.17, suddenly during 4.45pm to 4.50pm, the matching was vigorous, price fluctuating on the matching price, she was going to match at 1.47, I able to queue some at 1.47, but last minute, she changes to 1.48, and I miss the queue, really luck is not on my side. Imagine 2.17 to 1.48, all in all she was hammer down RM0.69 in that 5 minutes time. A 2 year all time low. Lets see all 6 of them will be back to their rightful price in Monday.

And this is what The Stars news commented.

Bursa: Trades ‘valid and genuine’

By CHOONG EN HAN
han@thestar.com.my

PETALING JAYA: The seemingly unusual market activity that saw sharp price gyrations in several stocks in the final 10 minutes of trading yesterday was valid and genuine, according to Bursa Malaysia.

Six counters from mid-caps to big ones, namely, Hap Seng Plantations Holdings Bhd, Batu Kawan Bhd, TDM Bhd, CB Industrial Product Holding Bhd (CBIP), Coastal Contracts Bhd and Berjaya Sports Toto Bhd, hit limit-down, or a 30% plunge, with a combined trade of RM43.1mil in that short time window during pre-close.

While the trading pattern may seem like an “error in trading” could have taken place, a Bursa Malaysia representative when contacted byStarBizWeek clarified: “With regards to the eight stocks which hit their limits-up (two) and down (six), Bursa Malaysia has investigated the matter and has confirmed with the broker that the basket order, which was from their institutional client, was valid and genuine.”

In yesterday's trade, Hap Seng shed 81 sen to RM1.89, Batu Kawan lost RM5.76 to RM13.46, TDM declined RM1.24 to RM2.90, CBIP decreased 82 sen to RM1.93, Coastal Contracts was down 62 sen to RM1.48, andBerjaya Sports Toto fell RM1.01 to RM3.20.

At the other end of the spectrum, JCY International Bhd gained 24 sen, or 36%, to 90 sen and Star Publications (M) Bhd shot up 85 sen, or 29%, to RM3.71.

In the broader market, the FBM KLCI shed 6.49 points, or 0.37%, to 1,755.85 points, with 306 gainers, 512 losers, and 267 counters unchanged.

Over 2.05 billion shares valued at RM3.78bil were traded.

SBCCORP : If you have the patience to hold from 2Nov2011 till now

I mentioned about her in 2011. http://www.reiccs.blogspot.com/2011/11/sbccorp.html

The below is what I have mentioned.

"FA
Intrinsic value = RM1.48 based on 25.8% growth (provided she can maintain this growth rate)
So, now at 36% discount."

At that time her price is RM0.94, and in just about 1.5 years, as of today she is price at RM1.60, a whopping price appreciation of 70% !!! . Remember I didnt even take into account of the dividend  Thats the beauty of buying a small size high growth stock, buying her in Nov2011 is very low risk, the only big risk is IF there is another global crisis where she may need to be tested on her cash flow.

Let see RM1.60 is above her intrinsic value as of her latest fiscal 2013 year EPS=32.48sen . She is still trading at a very low PE 4.9.  Based on 2012~2013, her growth is 12% , if she can maintain this growth, I upgraded her intrinsic value has jumped to RM2.04. Well, those who are holding since Nov2011, still have a reason to continue holding as she is still trading below her intrinsic value.

Technical, she give a buy signal today but the resistance of 10 year all time high is a point to take note 1.69. Lets she how she pans out in the coming months. 

Value Invest : SUPERMX

When I say value invest, meaning I'm will be hold.ing based on her fundamental. The period again depends whether want to gain a higher % of profit or just a short trade. Well, I have enter into position at 2.00 when I mentioned about her the last post. She have jump out from the short term downtrend but slowly dissipate back to the trendline level. Today she just ex-div (6% of par value of RM0.50 = RM0.03), so my cost would be RM1.97.

Based on my intrinsic value calculation, Supermx is valued at RM2.82.
Let see what the analyst Fair Value.
Today she is at 2.00, 4 out of 5 analyst say is a BUY.
Well, RHB target price is similar to mine :)
So they were accurate, then at least a gain of >16% would be good.

Date	Open Price	Target Price	Upside/Downside	Price Call	Source
31/05/2013	2.04	2.60	+0.56 (27.45%)	BUY	TA
31/05/2013	2.04	2.84	+0.80 (39.22%)	BUY	RHB
31/05/2013	2.04	2.39	+0.35 (17.16%)	BUY	KENANGA
31/05/2013	2.04	2.37	+0.33 (16.18%)	BUY	CIMB
31/05/2013	2.04	2.04	0.00 (0.00%)	HOLD	ALLIANCE

Currently Supermx is trading at a TTM PE of 10.8 which is quite low among her peers.
I'm using TTM (Trailing Twelve months as I think it is more real time rather than Maybank ost data which only used the closing financial year EPS)
Lets have a look on her peers :
Top Glove : Price 650 TTM EPS = 36.39, so TTM PE=17.8 (Maybank ost data = 19.93)
Harta : Price 574  TTM EPS = 32.11, so TTM PE= 17.9  (Maybank ost data = 17.95)
Kossan :  Price 440   TTM EPS 36.2, so TTM PE =12.2  (Maybank ost data = 13.47)

So, if there is some catch up to follow her peers, Supermx should at least trade at 12.2 ? which the price would be around RM 2.25 ? or trade at PE 17, then the price would be RM3.13 ?

What about growth, according to RHB, she will grow around 11~13%.
Hmm, when I decided to keep a share, I would like to have some dividend to make my keeping worth, at least around Fix Deposit rate. Well, she is forecast to give around 3% this year.

Let see whether she lives up to her name.....SuperMax ......

Buy in May and hold all the way?

Is always been the old saying sell in May and go away but this time is different it is  "Buy in May and hold all the way". Almost every stocks have a good run. The 7 stock that I mentioned in the last 2 post, 3 (Pantech, Uoadev, Sunway, Padini & GUH) have run aggressively. RHBCap did run but not so much, only 6%. Only remaining is Supermx. She has just reach her short term downtrend line. Just need a little push with some volume, she will have some good flying. Really depends on the market or the boss want her to fly at this moment. Being a darling in 2009~2010, she is really disappointing in the recent 2012~2013, lets see she really can have some move, these few days will tell.

The bulls is really aggressive ! Hopefully it will last long enough ...

It have been very bullish for the small cap stocks, the price of nearly all small cap stocks has raced too fast and even gap up and continue climb to one's believe. Is been 6 trading days, seems look like she will last another 1 week. Well , lets see how she goes. I have taken profit on my Pantech. Entered Padini & GUH for a very short trade, lets see whether can gain some. Too itch hand to just sit and watch them climb like no resistance in front. To chase such a bullish situation after so many days is risky, so my positions are very small.

GE13 is getting nearer, some selection preparation needed ....

GE13 is getting nearer and nearer. Most of the rakyat has already decided which party to vote for though some still hesitating or yet to decide till the actual date. So, lets go all out to vote to fullfil our duty as a responsible rakyat.

It is amazing that when everyone expect the CI will drop at least 100 pts after the announcement, instead she goes up. The only panic happens on the day itself and thats all.

I have been sideline for quite a while. I even lazy to blog some for these few weeks, haha. Lets see, I need to prepare myself to stock up my portfolio after the GE is over. Well, if BN remain in power, then I would start accumulating from Monday 5/May onwards. If Pakatan takes over, I would wait for a while for the panic to goes over before plunging myself in.

I have a few share in my mind. Lets see which one gives me a good bargain and a nice technical landscape.
1) Pantech
2) Supermx
3) Uoadev
4) Sunway
5) RHBCap

As usual caveat emptor.

Finally the announcement of GE13

On 02Apr2013, there is already rumours spreading that PM will dissolve the Parliament on 3Apr2013, but then again, the CI was bullish climbing for 17pt. Finally, the announce came 3Apr, the CI was dropping furiously for -50 pt, in just a short time, the CI fight back to close somewhere -17 (not quite remember) at lunch time, and end closing +0.4 pt. Those who play future had bet on the parliament will dissolve on March , end up getting their hand burnt when they short the Mar contract. Now I see that even the announcement is on Mar, the shortist still get burnt as you can see today. Maybe those intra-day futures player will gain some and he had to be very experience and fast in his decision to take profit.
Check with one of my broker, she say foreign fund has been accummulating, that the reason our CI was bullish, even on 3Apr, our local funds is the one who is trying to push down the index but end up have to buy back after realising the foreign guys are still picking what they throw.
Hmmm, now one may wonder will the actual polling day, the index will have a big drop ? I really quite bad at guessing, so I will let the time to tell me.

Car Accident : Part 3

15/Mar,
I managed to got the 4 reports that I applied on 19/Feb from the police station.
The one "Keputusan Kes" is the one took the longest according the person that I contacted .
But really my case is straight forward, I was knocked from behind, they can immediately tell you is the other party is at fault. So, this type of report should be completed in the next day even one were busy to do it on the same day.
The report need total of 24 days to complete. That's so call the efficiency.
Note : These reports need to pay RM4 each report while the photograph report RM3 per photo.
I strongly believe they can do better than this.
Is like the passport renewal or new application, when I was young, I need to wait 1 month before able to get my new passport but now we can get it on the same day we applied.

16/Mar,
I finally got my car repaired and returned to me.
I pass the reports to my repair shop to make claim from the insurance company of the car who knocked mine.
The exec in charge told me, I need to wait for around 1 month to received response regarding my NCD to be re-instated (after all those documentation and procedure between my insurance company and the other are done with) and also claim of compensation my loss of car use. Another in-efficiency of these insurance company.

So, next month I have to follow-up to check everything is progress on schedule or not.
See , life is like this, even one is not at fault, one have to go through all these hassle to settle the issue.

Still Election Fear ?

When the index started to drop around 11/Jan and drop for 5 weeks, she really scared many retails or even fund managers again. Then again, fund manager can't keep waiting for the announcement, thus seeing some indicator or delaying in election announcement, some more daring retailers and fund managers come back and slowly and cautiously push up the market.

Well, its been 3 consecutive weeks of white candle, one may wonder, I miss the recent small rally, should I just in to catch the last bit of juice. Hmmm....I don't intend to take this risk as the risk reward ratio is big too take. So, I would maintain my patience and window shopping till the election date.

PATIENCE ! PATIENCE ! PATIENCE !......

Car accident : Part 2

The next day (19/Feb) I went to report to police (we need to report to police in 24 hrs time after the accident). So, the procedure would be as below :

1) Go to the Traffic Police Station

2) Report to the police in charge at the counter. He will type out a report according to your verbal and sketch description.

3) Then I was assigned to a Sergeant rank police for an interview to brief again on my car accident scenario. He will photocopy your car grant, license & IC. Since the fault is not me, I was not being summon.

4) Then I got to go over to the area where my car damages need to be photograph by a police photographer. (He is waiting at the car park area).

5) Then I need to pay RM4 at the cashier counter 4 to get the official police report that was recorded earlier.

6) Lastly I need to go to counter 5 (Ipoh Central Traffic police station, other area maybe different counter) to apply for 4 documents to claim for insurance.
a) Salinan report (3rd party)
b) Rajah Kasar (Rough Sketch)
c) Gambar (Photograph)
d) Keputusan Kes (Case result)

7) After all this I got to wait for around 15 days from the date I applied.

8) Then, I went to the car repair shop to submit my photocopy of IC, Driving license, Car grant & original police report. The car repair shop dealer PIC told me since my insurance company is under Honda Insurance Programme, my car is eligible to claim original spare parts for car below 10 years old. He told me for other insurance, is only till 5 years, after that, the parts will be 2nd hand parts or non original.

Now, I'm still waiting for the 4 documents and also waiting for my spare parts to arrived before the repair can start. Haiz...... just because of a "not suppose to happen" accident, I have to go through all this.
Hopefully, I can get my car start repairing by this coming week.

For the above, if someone car's damage too great to continue driving, normally the tow truck driver will accompany you to the traffic police station, item no. 4~7 will be handled by him and normally some charges needed for this runner job (RM150~200) where they will charge into the insurance claim (I heard).

To be continued.

Car accident #1

On Monday 18/Feb/2013 around 7pm, I have a car accident. I was on my way to a farewell cum start work dinner. My car was in idle stage in a roundabout awaiting the front cars to move as there was a traffic police directing the traffic from the other side. Suddenly a car from behind ram into my car bumper. My car suffer quite a damage on the bumper, rear light, some dent on the side, exhaust, bonnet and etc. But her car only had some damage on the bumper maybe due to her car height.
She must be dreaming or "texting" while driving ?, as I cannot imagine how she can hit my car while we were in such a slow traffic. Well, I did try to avoid reporting to police, just want to settle it between us to avoid the hassle of reporting and claiming insurance (the documentations and waiting time would be troublesome). But after I checked with my repair shop, the cost is too high for her to pay. So we decided to report police to claim insurance.

Happy Chinese New Year !!!

 Tomorrow, trading will start, based on history, normally after CNY holiday, trading volume will be low but quite some shares will slowly move up. Lets see this year.

A breathtaking week in KLCI !

Is been a while we see a drop of >30 pt in our index in 1 day or 2 day . Those last one happened in 5/Sept where she drop 34 pts in 2 days while on 21/Jan/2013 drop 40pt in just a day. This is due to announcement of the GE announcement date to be 22/Feb ? So, expect a bigger drop on 22/Feb or the day it is announced where whatever short term or mid term TA or FA will fail. I would say that FEAR of whatever results of the outcoming election make every investor or trader not to hold too many shares in their portfolio. Hmm, so I'm also in my planning stage to trim down some long term investment stocks and buy back after the election.
I'm expecting the index will go sideway or the most climb towards 20MA and slide down further. You can see the weekly Stochastic and MACD line has bearish crossover which I do not expect to break any resistance in these 2 weeks. Initially, I intend to hold Paramon till 1.77 but seeing such jitters can happened in such a fast pace, I decided to take profit at 1.57. In this few weeks till election, I will intend to go for a very short term play (less than 1 week) if there is some stocks which I really like her chart .

IGBREIT follow-up

She is really a laggard among her peers like SUNREIT & CMMT.
I enter at 1.38 a wait till today only she's breaking even. If you check back Sunreit & CMMT charts,
they pull back a few days and then fly off and never look back.

Let have a look on her chart, she takes 10 attempt to test 1.35 before she able to break out from this
resistance. Indeed after she has broken out , today a big fish was bombarding her with 5000 lots for around
8 times and she still able to stay firm and still close up 2 sen.

If history is to repeat, now she only tried 3 at 1.38, I may need to wait another 2 months before I can see
her at 1.43. Hopefully, those who want to sell will sell it at 1.38 and let her continue her uptrend climb.
TA point of view, MACD has climb above zero line which is good. %K(5d) has reset some oversold yesterday, lets see how she goes about in the next few days. Volume is diminishing, not a good sign, anyway,
I still think REIT is still a good proxy for fund managers to park their fund while anticipating the big correction during the GE period.

2012 Q4 Trade/Investment Summary

Here is the summary. Not much trading done during the last quarter. Fear of the coming GE that keeps delaying. Realised also see my viewers click getting lesser and lesser. Well, calling all my supporters, please help to recommend my blog to your friends. Viewers and advertisement clicks will be my motivation to blog on. Haha, everybody need some catalyst to keep up his motivation to do something, right ?

TM follow-up : 2nd Profit target achieved !

It takes a month for a heavy weight stocks like TM to achieved my 2nd Profit target (10%). Well, is worth the waiting. A 10% gain in 1 month is not that bad. Some punter would think this is peanuts as they would jump in penny stock (below 10sen) for a BIG GAIN. Then again, big gain, big risk. I believe a 10% profit would be good to take at this moment. Some people would be gaining RM5500 if one would have bought 10 lots (x1000 units).