Saturday, April 25, 2009

Resort, SCOMI and Mah Sing

Disposed all my Resort, Mah Sing and half of my SCOMI on Friday!!

Resort avg price = 2.346,
soled all at 2.55
profit taken = 8.11%

Reason:
I sold it because 50% of my capital is on Resort. This has limited me to invest in other stock for better profit earning (here is mean foreign stock lol). Not to say that resort is not good (current PE ~23.6+), but i still not yet well trained to keep stock at lower price!! haha.. Mayb later i will feel sad tht y i sell it so early when the bull is here.. ^V^

K, talk about Resorts, she may go further up if KLCI still going up, part or it would be her project in S'pore that going to launch soon (Sentosa casino lol), this make small fish more confortable to follow the KLCI trend to jump in for Resorts.

IF KLCI heading South in next few weeks, hmm... she should follow the trend as well. i cabut now part of it is because the capital concern, but the main reason is because the high PE. some more she already over buying in this 2 days, and i saw that on Friday the increasing momentum is started to slow d. Is it a sign for a big "U" turn or it is only a check point for her to climb even higher?? lets see la..

Will consider to buy back if she drop back to ~2.20 - 2.15 haha, posible?? but i not really suka Uncle Lim's son lol ^V^!


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SCOMI avg price = 0.405,
soled half 50 lots at 0.45
Profit taken = 11.11%

Reason:
This stock i have no detail analysis on it, it just simply follow the call from Uncle SAM. this is not good la (i know that), but i worried that will missed boat, so just book in and study later (this is not a good practice lol)

Uncle SAM advise that profit should take around 20% - 30% i have doubt on this coz i cannot see any reason that this stock can go further up! ha.. mayb i'm wrong, but who cares? penting is got earn money ma... so 11% is ok for me.

another half of SCOMI, i will sell along the raise lol.. if its really reach >0.5+, 90% i will disposed all of it, depends on the situation lol.. anything can happen in stock market, only the metter of earn more or less... haha

lets see, SCOMI PE = 3.41, should be quite safe la and still got room to gross lol, just until now i still don understand what will be the power to push SCOMI up, the only think that i can think of is the "goreng" trend that happen in this few weeks, this "goreng" trend hor, every stock can goes up no matter good or bad... but i beleive Sifu's 眼光 la, got chance i'll ask him why SCOMI?! only i know is because politic reason... hahaha.. ^V^!


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Other then Resort and SCOMI, i oso disposed my old friend Mah Sing at price of 1.72. loss profit of -17.58%, not much to say here as u know this is my yuran belajar (my 1st stock that i buy in my life).. haha, current PE = 11+, i decided to sold it because:

1) Plan for switching to better oportunity
2) Low volumn (like SIME-CG, move like Wu Gui even the mother SIME grossed >RM1)
3) Construction sectors (not their game now, even today is their day, oso not Mah Sing's day)

Any how, this is a good stock! if you look that the history, when her price reached ~rm5 - rm6, it will split and back to lower price, i not sure that this is good or not but for me is ok because i afford to buy in at lower price.

interms of FA point of view, Mah Sing have no problem for her finance and the management as well! interms of market share pula, she can be considered in the top 10 range lo.. But for the time being, i have no plan to buy back at any lower price.

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