Coastal, time to take the 35% Profit ?

Well, those who bought around 1.9+ is gaining a whopping 35% profit by now (less than 4 months wait since I first mentioned about her) , well I 'm clearing my position on Friday 10/Feb as the there is confirmation for the shooting star (9/Feb) which I think is time for some correction. Note that I purchase Coastal as a Value Invest stock, she has yet to climb to her intrinsic value around RM4.65. If one has a lot of quantity, then she/he may keep some in case TA shows a false signal, as TA is not 100% right. Who knows, Coastal may jump up again on Monday. But those who follow TA, would like to follow the signal to take profit and wait for her to retrace and stabilised, maybe around 2.4 or 2.19. That time, we can load back. Will continue monitor her closely to catch for 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)

Is there anything to buy ?

One of my reader ask me why no new recommendation of stocks. Well, I told her I'm still offloading my current stocks that I purchase for quite a while as I believe current market is considered a bit risky to buy if one does not have time to monitor closely for a fast in fast out trading. I do not have this time luxury.

As recently, I'm damn busy and stress out, I just want to clear my long position and wait for market to correct before screening for stocks again. So, to trade/invest successfully, PATIENCE is one of the utmost criteria needed.

Well, btw I believe HSL has some more room to go, lets see how is it till the quarterly results season starts.