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.

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)

Value Invest- HSL

On 25/Dec/2011,http://reiccs.blogspot.com/2011/12/momentum-play-latexx.html  this is what I wrote then ,
............... under my Value Invest list, Coastal is also in the list. The other company worth mentioning is HSL (Hock Seng Lee), I keep to write her up till later as the Technical show some signal.

12/Jan/12

HSL is purely a Value Invest stock for me when I got into position. Even though I suggested my sister's friend to get some around last week, I've totally forgotten to wrote about her until I realised today she have move up quite a fair amount, Well today gap up after breakout with a good volume yesterday. I waiting to clear her around 1.51 or 1.62 a better option (greed comes into play, hee hee ). Most of the investment analyst did give a fair value around 1.6. RHB has listed her as a DEEP VALUE PICK with a fair value at 1.59 when I attended the Market Chat in Dec2011

 Technically, she is forming a W reversal pattern. If broke, 1.51, then 1.62 or 1.74 would be possible.