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Ichi the Killer

Bursa Malaysia stock trading portfolio of nobody really important.

Wednesday, November 30, 2005

Decisions, decisions

(Nov 30 2005, 8.20 pm)

Hmmm...JOHPORT suddenly shot up to 2.30 today (cost 2.19, 2.24, 2.25), with minimal vol done at 2.35. Couldn't find any news to explain the sudden rise against overall Bursa trend. Closed 2.28 / 2.29. Wanted to accumulate more at 2.25 but a bit too late now ... see what happens tomorrow.

UMW only hit high of 6.00 today (cost 5.75) despite sterling results and settled back down to 5.90 / 5.95 level... damn market conditions.

FARMBES hit 1.58 (cost 1.52) yesterday bfr suddenly coming back down and closing at 1.53. Today down again to close at 1.49 (same as Nov 25 close). Will have to see if it rebounds tomorrow or falls thru 1.49 ...

Have small "testing bets" in too many counters now. In a market like this, it will kill me if a big break comes ... need to cut down number of counters and focus on stronger ones. But should I get out of profitable positions for small profits and wait for better general market conditions? Hmmm ... decisions, decisions ...

Saturday, November 26, 2005

Latest Update (25 Nov 2005)

Quiet day again.

Purchases (yesterday 24 Nov):

+3,000 KNM @ Avg of 3.38

+10,000 FARMBES (1.52) seems to be building a strong base above 1.50 psychological level. Taking a risk here as climbed steadily from below 1.00, but still relatively cheap PE-wise. Unless bird flu hits ...

Thursday, November 24, 2005

Latest update (23 Nov 2005)

Phew ... am finding it almost impossible to keep this up to date, due to the number of trades. Plus, this blog format is not really suitable as I cant create separate sections which can be updated easily.

ICAP hit high of 1.20 before retreating to 1.14 - 1.18 range. This CEF has been doing pretty well so far, reflecting investors confidence in its principal.

Recent purchases:


ICAP +22,000 (average price 1.15)

SPOLYMR +2,000 (1.25

MNC +25,000 (0.325, 0.33, 0.34, 0.37)

CAROTEC +5,000 (0.645)

UMW +3,000 (5.75)

JOHPORT +2,000 (2.25)

DGATE +3,000 (1.26) +2,000 (1.25)

KNM +3,000 (3.24, 3.42)... couldnt buy enough in time,watched it spike up too much, then couldnt take it later and bought a bit more at 3.42. Will buy more on correction..

PSCI +10,000 (0.78)

SCOMI +15,000 (1.02) Got "tricked" by market into jumping in ...

SCOMIMR +15,000 (1.32) Same thing, probably a bit too early to buy this now, but what the hey ...

IRIS 20,000 (0.125, 0.13) worth a punt, since Bursa has been so boring lately.


Recent disposals:

PSCI -15,000 (0.84) That's all of it gone...incl earlier 5,000 bought at 0.75.

MNC -5,000 (0.39)

RHB -10,000 (0.80)

NICORP -15,000 (0.18) Decided to cut down position ,as stock not looking right.

Looks like it for now. I undertake to update immediately from now on, after all this is supposed to be real time ....

Saturday, November 05, 2005

Latest update

Not much time to update recently ... Bursa Malaysia has still been pretty listless due to the DeepaRaya holidays. ICAP seems to be doing pretty well so far, hit a high of RM1.12 at last check, so will leave that as it stands for the time being.

RECENT PURCHASES are as follows:

GTRONIC: 10,000 (0.275) ... averaged down cost after poor quarterly results due partly to provisions.

METPLEX: 108,000 (0.065) ... decided to increase holdings on expectation of some restructuring headway.

PSCI: 5,000 (0.75) ... testing for restructuring play.

SPOLYMR: 5,000 (1.27), 3,000 (1.29)

JOHPORT: 2,000 (2.19), 2,000 (2.24)

SUNRISE: 10,000 (1.38)

NICORP: 35,000 (0.185) ... yes, decided to jump into NICORP again.

APLI: 5,000 (0.38)... decided to add slightly to holdings ...

RHB: 10,000 (0.695) ... yes, I'm in RHB again.

CAROTEC: 5,000 (0.64)... testing direction of this stock.

MNC: 55,000 (0.26, 0.29, 0.295, 0.31, 0.33, 0.34, 0.35, 0.36)

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LATEST DISPOSALS are as follows:

MNC: 5,000 (0.38), 5,000 (0.39)

NICORP: 25,000 (0.205) ... thats the last of my previous NICORP holdings (bfr recent re-purchase of 35,000 shares as shown above)

KANNAL: 15,000 (0.13, 0.125) ... decided to cut loss on portion of holdings.

Also liquidated entire position in REDTONE at RM2.11 and RM2.09 (phew, big losses, but at least problem is off my back ... for time being). Massive slide after recent quarterly announcement. In my opinion it was totally oversold, hitting a low below RM1.70. Will be watching carefully for right time to jump in again, as long-term prospects are still compelling. Right now, hovering around RM1.80... we'll see.