Monday 21 April 2014

20% profit on Malton in 3 weeks

As per blog up on 13/Apr, I went back into Malton at 0.9325 on 28/Mar.
Today she has gone up about 20% from my cost price.
I have sold half at RM1 and let the rest ride till today. This 2nd portion I will follow mid term trend trading.
Lets see I can get the most out from her as some say her fair value is around 1.5~1.80. Her last EPS is 8.72
If she can maintain this EPS value for another 3 quarter, then her yearly EPS will be around 34. Giving some discount for small cap, if we target her PE to be 7, then she will at least worth 2.38.
So, lets see whether her fundamental will rock or not.





April Momentum Play 2 : Cuscapi

Enter into her at 0.415 using bollinger breakout strategy.
Let see whether she is strong enough to break her 1st resistance at 0.45 to reach 0.50.
If the momentum is strong, she will reach her 1st resistance by tomorrow.


Sunday 13 April 2014

Update on Pantech & Malton Apr2014

I have been keeping some Pantech under my  Portfolio 2 (VaIue Invest with Trend trading - VITT).  

She did went against the initial trend and went down mid term downtrend for a few months. I update on Jan2014 http://reiccs.blogspot.com/2014/01/jan2014-pantech.html. Finally, she has break above the downtrend and charge towards the short term uptrend. If she can broke the 1.04 resistance, then the medium term uptrend will be confirmed.

I went into Malton again at 0.9325 averagely. I bought using breakout strategy but too bad, she's not breaking through. Now consolidating towards the 20MA, lets see whether there will be a strong rebound to bring her breaking the 0.985/0.99 resistance to reach the psychological resistance RM1.00. Fundamentally she quite good, having all those developments in Klang valleys.

Lets see how both of them goes.

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