Update on Orna & new stock to watch

Last few weeks, I was wondering will I be stopping blogging.
My workload has been affecting my stock analysing focus, thus really didnt purchase anything much lately. Thus I have nothing much to blog. Sometimes, I have something on mind to pen down something, end up to lazy to ON my laptop.
So, lately I decided to push myself to trade something, afterall, RHBINVEST can do all the trading programming strategy at night and let the trade done by itself with all my conditional instructions.
And I would like to make my blog more active again and my loyal fans, pls help to to spread some words out on my blog and also I hope to earn something from my nuffnang, need everyone support :)

Orna.
I sold my Orna at 1.25/1.27 today. Earning about 10% for a 2 day trade.
A good one if I would to judge myself.

Malton
Last trade, I cut loss at 0.895 on 21/Nov/2013.
Here I am again, enter into her at 0.870. I always have this feeling, either I cut loss or take profit, I wanted to re-enter with a lower price. Cant seems to get this persistence out from me. Anyway, I did enter at a lower price than I cut loss last year.
As the market has not been having a very meaning correction in the recent months, I would rather having short trade than longer ones. So, my Profit would be at 0.92. A short one indeed, if the strategy turns out right, a 6% gain in this trade. Let see how it pans out.

MPHBCAP
I did try to enter into her but did able to get in at 1.86, thus didnt have any.

MPHB followup - Position close with 8.9% gain

I bought her on Monday 23/July after I posted on her on 21/July
http://www.reiccs.blogspot.com/2012/07/mphb-another-1-more-round.html , I got her at 3.54. After factor in the 5 sen dividend that ex on 30/July, my entry price would be 3.49. I sold today at 3.80 for a gain of 31 sen. She took me near to 1 month before gaining 8.9%. Is it too long for MP ? Well, I think is reasonable as I think for Momentum play, max I can tolerate would be 8 weeks. My initial trading plan is to P at 3.80 as below, then after the dividend, I re-plotted my chart and found that the next resistance is 3.83. Yesterday night after reviewing the chart, I find she was climbing the bollinger band, these make my greed overcome me, makes me thinking of riding the band. Then, I tell my self, stick to my initial plan, so this morning I q 3.83 (still reluctant to follow the initial plan plotted before I took my position). After I found she was smack down after reaching 3.82 (the resistance 3.83 show her color ;) ) and the forming of hanging man candlestick, so I decided to stick back to my old plan and sold at 3.80. See for trading , emotion/greed really need to be checked at all times. Anyway, it she really climbs further, one should not regret, just be happy and grateful that I've close position to "TAKE PROFIT" and not "CUT LOSS".

Chart plotted for trading back on 21/July

Today

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 .