Saturday, April 18, 2009

Dispose of KNM and SIME-CG



This week i disposed all my KNM and half of my SIME-CG.. Wow.. total profit is:

KNM = 9.55%
SIME-CG = 8.7%

profit made in 4 months, ok la!! haha :)

oso i jump in to SCOMI with the call from Uncle SAM, hmm... should be a short term play. enter price 0.405 with total 100lots. PE around 3 lol.. SAM call is cabut wih profit of 20% - 30% means around 0.49 - 0.53, i would not be so "yong" lol to wait till that level, with the profit around 15% to 20% i will cabut, reason is hor:

1) KLCI already increased ~14% since mid of Mar, i would say the market almost coming to adjustment stage d lol... prepare for the next big jump!

2) If you look at recent trend, KLCI already no more power to climb d.. Volumn up until 16/4 and Friday start to decrease lol... if Dow.J have bad performance on Friday night, Monday would be a bad day for KLCI lol...

hmm... so.... ada chance then cabut lol... next tp for SIME-CG is 0.165 on monday and SCOMI with any price > 0.49.

Next target would be US stock lol.. next drop is comming soon. target will be Citi and AIG and this should be long term keep... KLCI banyak lambat la... hahaha

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