Recent stock I trade (MP strategy)

Last month, either I was too busy or too lazy to pen something here. Anyway, I didnt trade much, so nothing much to write.Normally, I would like to put some charts for each of my post , these is time consuming, thus I'd skip some posting even I had intended to write something. So, I decided to put a short post in coming future for what stock I'm aiming at or had just purchase.

Last month, just trade MPHBCAP, just a short trade. Initially plan to take profit at 1.92 but due to some greediness, change my selling q to 1.98, end up need to take profit at lower target at 1.86.

Yesterday, I plan out 2 short trade, intended to have short trade as normally overall market would not be good after all the company results is out. I selected Orna (E=1.15, P=1.27 or 1.37) and Coastal (E=4.37, P=4.61 or 4.77). I'd got into Orna at 1.14 while not manage to enter any Coastal as she just jump up and fly all the way to 4.65. A good catch for Orna also as she closed at 1.21. I using the RHBInvest program to set once she touch 1.15, meaning my TA signal is confirm and automatically the program enter my queue at 1.14. Luckily the some buying/selling is there for me to catch at 1.14, if not, it will same as Coastal, a good trade plan but not able to execute.

Jan2014 Pantech

I have a friend who is accumulating Pantech based on fundamental and he target at least 50% profit before letting go. He bought it around RM0.945 average. Pantech fly up to 1.1~ 1.14 three times. Then another friend of mine just taken profit around 1.1. If he would have sold at 1.1 (many analyst report mentioned FV around 1.10), he would have profit 16.4% x 3 = 49.2% . So, before this breakdown, he would have reach near to his 50% target.

But now she has broken down and close at 0.93. I'm wondering is a buy and hold strategy really works based on fundamentals or one who play fundamental strategy should have taken some profit first after the share run up 16.7% (Based on Fibonacci 1st resistance). Well, this really makes me ponder further how our PEGGY blogger make 50+% profit just using buy and hold strategy top up with dollar cost averaging. Hmmm....PEGGY did also have Pantech in her portfolio. Or I would say he really have some luck during her stock selection where quite a few stocks rose 100% and above. Another thing is Patience that she really have. Thumbs up to him.

At this price of RM0.93, Pantech is trading at PE 9.7 (I just took this data from KLSE Screener Apps). If I were to see her latest Q3 EPS =2.24 and if this were to continue for another 3 quarter without much changes, then with she would deem worth only around 1.07 for a PE=12 (best PE ratio for the last 5 years) , thus she is still not consider fully value.  But based on the breakdown chart , bearish I would say, broke 2 support at 1 go, she may end up at RM0.90 or may just test the RM0.86 again. Chartwise she is at medium term downtrend and may need to catalyst for her to do a good uptrend reversal. But again, those who interested to catch knife may get some around RM0.90 or RM0.86 to do a quick snipe. Also one who have some position lock, can do some dollar cost averaging if he/she have the patience to hold at least for another quarter to check on her revenue will be increased ?

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HAPPY NEW YEAR ! WELCOME 2014

Time flies ! Another year just pass by like this.
Time for me to review back how I did in all my investment in year 2013.
Hmmm....lately been busy with work, travelling, yet to do any of this.
Well, I try to find some time on this.

Btw, I'm still holding on to my CMSB, initially want to write something on my decision on why I hold on and breakdown my analysis in detail. Again time doesnt allow. Lets see I can find some time later.

HAPPY NEW YEAR !
MAY THIS NEW YEAR WILL BE ANOTHER PROFITABLE AND EXCITING YEAR !!!