EOD Update (28 Apr 2006)

JOTECH continues move ...

Latest disposal:

MIDF: -4,000 (1.10) ... Balance 6,000 (failed breakout...)


/ichithekiller

EOD Update (27 Apr 2006)

JOTECH seems to be on the move ... hit a high of 0.90 (but on only 1 lot), before retracing and closing at 0.795 ... still, quite a lot of trades done up to 0.83.

Latest disposal:

GTRONIC: -34,100 (0.345) ... Balance 0 (tired of waiting for big move, out with small profit)


/ichithekiller

Mid-Day Update (27 Apr 2006)

JOTECH finally broke 0.70 mark convincingly ... time to add a bit.

Latest purchases:

JOTECH: +5,000 (0.715) ... Total 15,000

ANCOM-WA: +20,000 (0.125) ... Total 20,000

TAMCORP: +10,000 (0.32) ... Total 22,000


/ichithekiller

EOD Update (26 Apr 2006)

SCOMI & SCOMIMR spiked up substantially in morning session, following limit-up in SCOMIEN, but gave back large part of gains in afternoon trade. MUHIBAH continuing to move steadily, closing up another 14c (at one point was up 18c). SAPCRES finally managed to move past and stay above the 0.90 mark.

Meanwhile, LKT reported a huge earnings jump, closing up 26c for the day. Kenanga Research today issued a revised target price of RM5.60 for LKT based on its improving fundamentals. Wow ...! Real or not ...

DGATE testing 1.70 level again.

Latest purchase:

DCIB: +15,000 (0.465) ... Total 15,000 (another false breakout...)

Latest disposal:

SPOLYMR: -3,000 (1.22) ... Balance 20,000


/ichithekiller

EOD Update (25 Apr 2006)

Strong rally in several GLC stocks ...

Latest purchase:

VIS: +20,000 (0.705) ... Total 50,000

Latest disposals:

FABER: -12,500 (0.45), -15,000 (0.455) ... Balance 0

TIMECOM: -2,500 (0.73), -5,000 (0.755), -2,500 (0.805) ... Balance 0

UEMBLDR: -5,000 (1.13) ... Balance 10,000

MIDF: -5,000 (1.09) ... Balance 10,000

WIMEMS: -10,000 (0.685) ... Balance 0 (dog...)

OILCORP: -3,000 (1.32) ... Balance 18,000


/ichithekiller

EOD Update (24 Apr 2006)

Latest purchase:

LIONDIV: +2,000 (4.66) ... Total 7,000

Latest disposal:

SYF: -1,000 (1.48) ... Balance 0 (this stock is too volatile to read)


/ichithekiller

EOD Update (21 Apr 2006)

Latest purchases:

SEG: +3,000 (1.04) ... Total 8,000

TIMWELL: +2,000 (1.89) ... Total 8,000

Latest disposals:

SYF: -1,000 (1.37) ... Balance 1,000


/ichithekiller

The Purpose of this Blog

Since some sort-of-related questions and comments have surfaced on the chatbox, I thought I would provide some background as to the purpose of this blog. It's probably easier to put down in point form, so here goes:

1. This blog is meant for traders, not "investors". Some people would label traders or speculators as punters, gamblers, etc. Whatever, it doesn't really matter to me. Even ICAP, which I have more than 70,000 units, haven't sold a single share and consider a long-term holding, I still don't term as an investment. Why? Because I have absolutely no say in how it's run. That's just the reality whether you choose to accept it or not. I am just buying based on its track record and "speculating" that it will continue to do well. The same applies to shares in all other companies traded on Bursa or other exchanges. Unless I have a say in how it's run (as a substantial shareholder or a member of the Board/Management), I am just speculating that it will continue to perform, or turnaround or whatever, based on either past record or perception of industry trends and that it's share price will appreciate to give me a good profit.

2. This blog is meant for discussion of trading ideas, themes, etc. as well as specific trades. I draw ideas, opinions, tips and whatnot from many sources and decide which look likely to reward and which look like traps. If I like an idea, opinion or tip after mulling over it, I make the trade and post it here. If a trade doesn't work out or I feel has run its course, I sell and post it here. Anyone is welcome to comment on each and every trade. For instance, when Felicity2323 asked why I sold some LIONDIV although it was still in an uptrend. That was a timely and useful reminder to sometimes ride out winning positions to their maximum potential (although I was just following my strategy to take profits periodically).

3. Following from the above, this blog is not meant to RECOMMEND shares to be bought or sold. I am just showing trades which I have made, which may have arisen from one of the reports, opinions, ideas or tips I have considered and which I believe have a good chance of being profitable. I firmly do not want to influence other's judgments by making Buy/Sell recommendations. I also am definitely not qualified to do so. If asked specifically, I may give some thematic or high-level reasons why I am bullish or bearish on a certain stock, but that's about it. For those looking for solid fundamental investments and the detailed reasoning behind each and every Buy/Sell decision, go to Investssmart's blog. He is first on my list of links and is definitely one of the best in this approach. I can trade up to 50 stocks at one go and definitely don't have the time and the passion to write out a detailed explanation and subsequent follow-ups on every single stock I trade.

4. This blog is not meant to keep track of, or demonstrate how much total profits I have made or can make, or percentage returns. What I (or anyone else) make overall belongs to me and should be entirely irrelevant to someone else. The saying goes "the one does not apply to the other", or something like that. We all have different capital bases, different liquidity profiles, different financial commitments, etc. so it is pointless to make comparisons. We should just focus on discussing specific trades and ideas.

5. "Win" mentioned that people don't know whether my record is successful and that there's just no way to keep track of my trades. Again, I say my overall record is unimportant, let's keep it to specific trades. Each time I report a Buy or Sell, the Qty, Price and balance held are there. You can comment on it, follow it, criticize it, keep it in mind or just plain ignore it. If you want to refer back or check all my Buys/Sells on a certain stock, just type in the stock short code in the Search Box at the top left corner and click "Search this Blog". All the Buy and/or Sell prices will be there for you to see. I don't adjust my cost or returns for dividends received though, so my returns may actually be higher than what you see, but definitely never lower. Note: I just realised while typing this that for stock splits, the previously reported Buy price would be significantly off (higher), so I will start including average split-adjusted cost prices when I sell stocks that have undergone splits.

6. This blog is not meant for casual visitors, as Win mentioned. Why? Because I trade frequently and try to report trades by day-end (sometimes even intra-day through mid-morning or mid-day reports). If you decide to follow one of my buys and only come here again 2 weeks later, you may discover I'd already sold it the day after. Unless, you've decided to make your own timing decisions on when to buy or sell a stock reported, don't rely on this blog if you're an occassional visitor.

Well, hope that clears the air a bit. Having said all that, I cannot say that my method of trading is correct. Tomorrow, everything may just blow up in my face (and I thank all the well-meaning people who have been warning me). All I can say is that this method works for me and suits me fine for now. You can decide for yourself what suits you. Sorry if I have inadvertently offended anyone .

Happy trading to all.


/ichithekiller

EOD Update (20 Apr 2006)

Looks like UE-related rallies lost some steam, hope it's just a sign of normal accumulation.

Latest purchases:

MAEMODE: +10,000 (1.08) ... Total 18,800 (strong quarterly results, even after huge one-off cost write-off)

VIS: +20,000 (0.705) ... Total 30,000

PRTASCO: +10,000 (0.885) ... Total 20,000

BREM-WA: +3,000 (0.265) ... Total 23,000

Latest disposals:

CAROTEC: -2,000 (0.915), -2,000 (0.935) ... Balance 0 (Split-adjusted cost: 0.395)

FABER: -15,000 (0.44) ... Balance 27,500 (Too much overhead resistance, decided to cut down position size)

SCOMIMR: -2,000 (1.47) ... Balance 8,000 (Doesn't seem to be going anywhere in a hurry)

SPOLYMR: -2,000 (1.20) ... Balance 23,000 (Same as above)

/ichithekiller

Mid-Day Update (20 Apr 2006)

Seems like 9MP theme back again as expected ... hope it lasts.

Latest purchases:

IJM-WB: 5,000 (0.75) ... Total 15,000

/ichithekiller

EOD Update (19 Apr 2006)

Rather uneventful, UEMBLDR broke 1.00 but retraced slightly before close ...

Latest purchases:

TAMCORP: +12,000 (0.33) ... Total 12,000

/ichithekiller

EOD Update (18 Apr 2006)

CAROTEC continuing strong move to new high again today... Not much else happening.

Latest purchases:

AMMB: +3,000 (2.93) ... Total 3,000

UEMBLDR: +5,000 (0.97) ... Total 15,000

Latest disposals:

MASTEEL: -6,000 (0.85) ... Balance 0 (Selling low? Aah ... never liked this counter much anyway, especially after last quarterly, just riding the uptrend for a quick gain)

CAROTEC: -5,000 (0.90) ... Balance 4,000 (Selling too early? Aah ... tired of failed rallies already, back to taking profits consistently)

LKT: -1,000 (3.20) ... Balance 2,000 (Why sell? Up-down, up-down, too stressful...)


/ichithekiller

EOD Update (17 Apr 2006)

Failed rallies again ... looks like these things not going to stop happening so soon after all... maximum patience required.

Latest purchases:

VIS: +10,000 (0.75) ... Total 10,000

BREM-WA: +20,000 (0.27) ... Total 20,000


/ichithekiller

Mid-Day Update (17 Apr 2006)

Oil & gas related stocks look set for move ... led by OILCORP. CAROTEC seems strong as well.

Latest purchases:

NYLEX: +2,000 (1.08), +3,000 (1.14) ... Total 12,000

/ichithekiller

EOD Update (14 Apr 2006)

After what seemed to me like a long period of accumulation, NYLEX suddenly took off today and closed up 23c ... this stock was hard to pick up quietly and call me paranoid but, each time I tried to pick up a bit more, the bid prices seemed to retrace. After it really started moving today, I was unsure whether to increase position aggressively, but ultimately didn't as I wasn't sure whether it would turn out to be another false rally... looks like it turned out okay. Pity I have so little ... maybe it'll come back down a bit first ...

Latest purchase:

GHLSYS: +5,000 (0.285), +15,000 (0.29) ... Total 20,000 (Second time into this counter)

/ichithekiller

EOD Update (13 Apr 2006)

Latest purchase:

SEG: +5,000 (1.07) ... Total 5,000

Latest disposal:

CAROTEC: -2,000 (0.85) ... Balance 9,000


/ichithekiller

EOD Update (12 Apr 2006)

A few of my counters moved strongly today, namely NEXTNAT, CAROTEC and JOTECH. UEMBLDR moved strongly to just below my buy price, before easing off a bit. Overall, I expect it to trend upwards for the remainder of this month. SAPCRES also slowly but surely moved back up to just below my first buy point. Good thing I averaged down a bit at 0.71 ...

Latest disposals:

SCOMI: -2,000 (1.23) ... Balance 6,000

MAHSING: -2,000 (1.98) ... Balance 3,000 (all property stocks moving except mine)

JOHPORT: -6,000 (2.48) ... Balance 0 (Can't be bothered to fill in the forms for MMC's offer at 2.50 per share)


/ichithekiller

EOD Update (10 Apr 2006)

Latest purchases:

PWORTH: +5,000 (0.575) ... Total 7,000

TIMWELL: +2,000 (2.06) ... Total 6,000

Latest disposal:

QL: +3,000 (2.72) ... Balance 0 (no conviction to increase, so out again ...)

/ichithekiller

EOD Update (7 Apr 2006)

Market took a dive in morning trade, led by MESDAQ stocks after Bursa issued caution on IRIS. Ironically, IRIS ended up 2c for the day after first dropping around 24% from yesterday's close ... so what was the point of issuing the caution?

The end result would be (i) syndicates or smart money taking the opportunity to unload at higher prices (ii) the "poor" retail investors capitulating and being shaken out at lower prices when they can't take the pain anymore; and (iii) syndicates/smart money picking up stock again at cheaper prices ... all in a day's work. Thanks for the extra income ... not expected but much appreciated anyway.

Latest purchases:

AFFIN: +3,000 (1.85) ... Total 3,000

TIMWELL: +4,000 (2.05) ... Total 4,000 (went all the way to 2.13, then right back down to cost. Hope it continues dropping to below 2.00 now...)


/ichithekiller

EOD Update (6 Apr 2006)

WIMEMS gave back half yesterday's gains today ... Boo! ICAP NAV this week increased to 1.15 ... I expect ICAP to trade on the higher end of the 1.20 to 1.25 range soon. Should the overall market be able to sustain a rally, prospects for capital appreciation in the longer term (slow and steady) thru' ICAP should be reasonably good, as I wrote earlier.

Meanwhile, LIONDIV and DIGI on a tear again ...

Latest disposals:

GHLSYS: -10,000 (0.325) ... Balance 0

LIONDIV: -1,000 (4.90) ... Balance 5,000

DIGI: -500 (9.35) ... Balance 0


/ichithekiller

EOD Update (5 Apr 2006)

Updates for last Friday till today 5th April, 2006.

Latest purchases:

UEMBLDR: +10,000 (1.02) ... Total 10,000

OILCORP: +5,000 (1.23), +5,000 (1.24) ... Total 21,000

WIMEMS: +10,000 (0.785) ... Total 10,000

Latest disposals:

TIMECOM: -5,000 (0.665) ... Balance 10,000

PLUS: -2,000 (2.77) ... Balance 0 (too many counters, no conviction to increase size in PLUS, so out it goes)

LKT: -1,000 (2.80) ... Balance 3,000 (Blast, got whipsawed)

GHLSYS: -10,000 (0.36) ... Balance 10,000


/ichithekiller