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Ichi the Killer

Bursa Malaysia stock trading portfolio of nobody really important.

Friday, January 27, 2006

EOD Update (27 Jan 2006)

LIONCOR broken out of previous 0.535 high. LIONDIV continues upward move. No trading till next Friday ... Gong Xi Fa Cai and Happy New Year to all CNY celebrants.

Latest disposal:

LIONDIV: -1,000 (3.48) ... Balance 8,000

/ichithekiller

Thursday, January 26, 2006

EOD Update (26 Jan 2006)

Yikes, LKT took off without me, hitting 1.94 this morning before backing off to close 10c up at 1.88. Didn't even notice it was up 9c to 1.78 yesterday. Should have increased stake when the price softened to around 1.60 recently as planned, but didn't act due to unsure market conditions.

On the other hand, as expected after selling some UMW the day before yesterday at 6.00, it finally broke out of the 6.00 range and even hit 6.15! Some dark forces are at work here...

Latest disposals:

EMIVEST: -10,000 (0.97) ... Balance 0

UNISEM: -1,000 (1.84) ... Balance 3,000 (short-lived run up to 1.85)

FONICS: -10,000 (0.355) ... Balance 10,000 (didn't perform as expected, so am cutting stake)

/ichithekiller

Wednesday, January 25, 2006

EOD Update (25 Jan 2006)

Ouch ... increased stake in FONICS too early. Should have waited for pull-back. LIONDIV continues strong upward push, hitting a high of 3.24 before closing at 3.20.

Latest purchases:

SCOMI: +2,000 (1.20) ... Total 8,000 (sold 9,000 earlier 'cos was impatient)

EMIVEST: +5,000 (0.80), +5,000 (0.825) ... Total 10,000

FONICS: +10,000 (0.405) ... Total 20,000 (price now just above initial buy point at 0.375)

/ichithekiller

Tuesday, January 24, 2006

Lunch Update (24 Jan 2006)

Jeez, look at IRIS go... and I'm all sold out. KNM starting to look spiffy again...

Latest purchase:

MMSV: +10,000 (0.35) ... Total 40,000

/ichithekiller

Mid-Day Update (24 Jan 2006)

SPOLYMR reported reasonably strong quarterly results yesterday (earnings up 30.5% from same qtr last year, 22% from last qtr), stock duly dropped by 3c this morning...and it hadn't even gone up before the announcement. Just beautiful... At least, FONICS is performing well since purchase. LIONDIV also tested 3.00 level again.

Latest purchases:

MMSV: +10,000 (0.355) ... Total 30,000

TIMECOM: +5,000 (0.51), +5,000 (0.515) ... Total 25,000

Latest disposal:

UMW: -1,000 (6.00) ... Cost 5.75, Balance 2,000... Supposed to be best auto sector stock and all, but just too slow for me.

/ichithekiller

Monday, January 23, 2006

Mid-day Update (23 Jan 2006)

Since CNY is around the corner, I'm feeling a bit more adventurous. Might regret the 2nd purchase later, but what the heck... nothing can be worse than MNC so far.

Latest purchases:

GPACKET: +2,000 (2.08) ... Total 12,000

FONICS: +10,000 (0.375) ... Total 10,000

/ichithekiller

Friday, January 20, 2006

EOD Update (20 Jan 2006)

I think it was Warren Buffet who said "when you find yourself in a hole, the first thing to do is to stop digging". Generally, this is an extremely wise principle to stick to, but somehow, sometimes I just get these hunches that are so hard to ignore... so I have gone and started digging some more. At least the intention is to dig myself OUT of the hole eventually...

Latest purchase:

MNC: +10,000 (0.36)... Total 20,000

/ichithekiller

Note to self: LIONDIV hit 3.06 today before settling back to close at 2.99 ... was hoping there would be a convincing close above 3.00 but, no cigar.

Wednesday, January 18, 2006

EOD Update (18 Jan 2006)

Heard regional markets crashed today... no time to check. LIONDIV also saw some serious profit-taking before bouncing back a bit. KNM slowly inched back up to 4.00 level...

Latest disposals:

IRIS: -10,000 (0.205) ... Balance 0

UNISEM: -3,000 (1.71) ... Balance 4,000

/ichithekiller

Tuesday, January 17, 2006

EOD Update (17 Jan 2006)

Latest purchases:

LIONCOR: +6,000 (0.48) ... Total 11,000

MMSV: +5,000 (0.285) ... Total 20,000

/ichithekiller

Mid-Day Update (17 Jan 2006)

Shikes ... this MNC is killing me ... hmmm, to cut or not to cut, that is the question. Normally, I would have chopped it off by now, but somehow this time, too many factors are saying not to worry. There is a saying that when a stock goes down so much and you feel like puking & cutting the whole thing off, that is the time you should double up your position. Wonder if I should try this once to see how it pans out ...

Latest disposals:

FARMBES: -2,000 (3.66) ... Balance 0, think that's enough for this time, leave some for others...

LIONDIV: -1,000 (2.81) ... Balance 9,000

/ichithekiller

Monday, January 16, 2006

EOD Update (16 Jan 2006)

Nothing much to do ...

Latest disposal:

IRIS: -10,000 (0.21) ... Balance 10,000

/ichithekiller

Mid-Day Update (16 Jan 2006)

Phew ... busy weekend, didnt manage to post anything. Anyway, market looks like in consolidation phase, so can only wait and try to pick up some bargains cheaply.

Latest purchase:

KNM: +1,000 (4.00) ... Total 9,000

Latest disposal (last Friday):

KEYWEST: -5,900 (0.29) ... Total 30,000

/ichithekiller

Thursday, January 12, 2006

EOD Update (12 Jan 2006)

What a bummer!! Market came under heavy selling pressure in afternoon session. CI gave up almost all its gains from morning session. Same thing for SCOMIMR. MASTEEL also gave up all its gains from yesterday, together with other steel-related counters like ONASTEL. Am pretty confident MASTEEL will eventually recover, but damn, I hate to overpay...

Only bright spots (for me) were FARMBES and LIONDIV. Oh yeah, IRIS also hit 0.19 today.

Latest disposals:

LIONDIV: -2,000 (2.60) ... Balance 10,000

FARMBES: -1,000 (3.10), -1,000 (3.22) ... Balance 2,000

SCOMIMR: -3,000 (1.18) ... Balance 14,000

LIONCOR: -4,000 (0.495) ... Balance 5,000

KEYWEST: -1,100 (0.29) ... Balance 35,900 ...got hit on the q with funny no. again

/ichithekiller

Mid-Day Update (12 Jan 2006)

Here come SCOMI and SCOMIMR again ... hope there'll be one more push during afternoon session. MNC seems to be perking up too ...

Latest purchase:

MMSV: +5,000 (0.33) ... Total 15,000

/ichithekiller

Wednesday, January 11, 2006

Mid-Afternoon Update (11 Jan 2006)

IRIS finally broke thru RM0.15 resistance to hit 0.165 on heavy volume. After strong signs of accumulation up to 0.235 for a long time, MPTECH also breaks 0.24 for first time to hit 0.255 as at time of this writing...

Latest purchase:

MIDF: +5,000 (1.08) ... Total 15,000

/ichithekiller

Mid-Day Update (11 Jan 2006)

Latest purchase:

MASTEEL: +10,000 (0.64) ... Total 19,000 ... steel stocks moving, LIONCOR testing 0.50 level again. Bottom of steel industry downturn reached?

/ichithekiller

Monday, January 09, 2006

EOD Update (9 Jan 2006)

KNM undergoing correction. MMSV still flat. Finally UMW showing signs of moving above 6.00 level!

MUHIBAH suddenly moved up to 0.785 on increased volume, had wanted to accumulate more below this level. Same thing with MIDF, pushed up to 1.10 and LKT up to 1.70... wish ppl would stop pushing up so fast. Give us a chance to accumulate first, will ya??

Latest purchase:

KNM: +1,000 (4.12) ... total 8,000 ... somehow whenever I buy a bit more of any counter, it always goes below my latest buy point. Well this time, I bought only another 1,000 ... ha!

/ichithekiller

Friday, January 06, 2006

SCOMIMR

Aha ... SCOMIMR and SCOMI finally showing some promise. Article appeared in the papers today about Tg Bin coal-fired power plant starting operations soon.

Perhaps the long-awaited and much anticipated (by me at least, if no one else) coal-carrying contract will be awarded to SCOMIMR (which ate up ASEAN's largest coal carrier Chuan Hup) soon? One can only wait and see....

/ichithekiller

EOD Update (6 Jan 2006)

FARMBES continues run. Interestingly, although it shows all the signs of a "managed" run, fundamentally at today's close of 2.71, it is still trading at below 6x PE based on most analysts' forecasts. So how? Hmmmm......

MIDF slowly creeping up since I bought at 1.02/1.03 ... closed today at 1.09.

Latest purchase:

LKT: +4,000 (1.64) ... Total 4,000 ... another sorely undervalued stock. (-) is only 60+mil shares in issue, so not much liquidity.

Latest disposal:

KEYWEST: -8,000 (0.29) ... Balance 37,000 ... moving too slowly for me. Mistake averaging down.

/ichithekiller

Mid-Morning Update (6 Jan 2006)

REDTONE crashes again, wonder what's up? Lucky had a small testing position only. KNM surged to high of 4.02 ...

Latest purchases:

MNC: +10,000 (0.55) ... Total 10,000 ... Another foray into MNC

MMSV: +5,000 (0.35), +5,000 (0.39) ... Total 10,000 ... new MESDAQ listing

Latest disposal:

REDTONE: -3,000 (0.97) ...Balance 0 ... cost 1.303

/ichithekiller

Thursday, January 05, 2006

EOD Update (5 Jan 2006)

So-so day at the market ... most of my counters went up. Took the chance to get out of remaining SYMPHNY-WA with a small loss.

Latest purchase:

TIMECOM: +5,000 (0.515) ... Total 15,000

Latest disposal:

SYMPHNY-WA: -5,000 (0.14) ... Balance 0 ... cost 0.16

Tomorrow MMSV IPO ...

/ichithekiller

Wednesday, January 04, 2006

EOD Update (4 Jan 2006)

Latest purchase:

LIONCOR: +4,000 (0.425) ... Total 9,000 ... got hit on the queue with a funny number of shares, was q'ing for 10k.

/ichithekiller

N2N

After watching it for so long, missed the whole recent move on N2N ...methinks festive holidays are bad for trading performance. Hmmm, wonder whether it's too late now?

Mid-Day Update (4 Jan 2006)

First post for 2006! Too busy to update lately. Pleasant surprise to see KNM and LIONDIV making strong moves upwards. Been doing some house-keeping as well...

Latest purchases (since 29 Dec 2005):

REDTONE: +2,000 (1.30), +1,000 (1,31)... Total 3,000

METPLEX: +100,000 (0.055) ... Total 279,000

Latest disposals (since 29 Dec 2005):

KEYWEST: -5,000 (0.27) ... Balance 45,000

LIONCOR: -10,000 (0.44) ... Balance 5,000... was a total idiot on this. Was out jolly-jolly and not monitoring portfolio and when heard dropped 2.5c from day high, went and doubled position. What was initially a winning trade (+29%) has now become almost surely an overall losing trade ... stupid, stupid, bloody amateur ....

Anyway, wonder how far METPLEX will go? Been waiting a loooong time for this...

/ichithekiller