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Ichi the Killer

Bursa Malaysia stock trading portfolio of nobody really important.

Wednesday, February 28, 2007

EOD Update (28 February 2007)

Looks like there's still considerable strength in our Bursa Malaysia. Too busy today to watch anything or capitalise on any intraday action. Let's see how the US performs tonight.

Latest purchase:

TEKALA: +5,000 (0.985) ... Total 13,000

Latest disposal:

UEMWRLD: -2,000 (3.54) ... Balance 9,000


/ichithekiller

Tuesday, February 27, 2007

EOD Update (27 Feb 2007)

Rising crude, US real estate bust and rising mortgage defaults, resignation of HSBC's US chief, Iran nuclear ambitions, Yen spike, reversal of global carry trade, Greenspan's comments about a possible "recession", inflation fears ... more and more dark clouds just seem to be forming over the last few days. Today Shanghai went pop with a 8.84% index decline, while the KLCI dropped almost 36pts at the close (-2.81%). At one point the CI was down more than 50pts.

As a result, I took major hits on UEMWRLD, UEMBLDR, TEBRAU and LIONDIV, amongst others (albeit out of profits). May 2006 saw a major global correction from which Bursa Malaysia did not escape. In the end, emerging markets fell more steeply than the US but turned around strongly following a sharp US recovery. This time, with all those dark clouds hanging overhead, we'll have to see if the US market manages to hold its ground and lead us out of the woods again. Some prudence would be wise, though.

Latest disposals:

LIONDIV: -2,000 (6.60) ... Balance 2,000

MUHIBAH: -2,000 (4.18) ... Balance 6,000

SAPCRES-WA: -5,000 (0.365), -5,000 (0.365) ... Balance 0


/ichithekiller

Wednesday, February 21, 2007

EOD Update (21 Feb 2007)

Quite a few good movers in my portfolio today. Just to highlight a few, LIONDIV added 50c to 7.30 (High 7.45), OILCORP added 31c to 1.45, MUHIBAH +20c to 3.70, NAMFATT +19c to 0.945, UEMWRLD +18c to 4.18 (High 4.28) and PWORTH +11c to 1.15.

BREM-WA continued to tack on another 10.5c to to 0.625 (High 0.65), while GPACKET added another 10c to close at 5.70 after touching 5.80 earlier in the day. Even my SAPCRES-WA put on another 7c to 0.48, while TEBRAU added another 11c to 1.04. ROHAS looks like it has finally broken out today, rising 12c to close at 1.70 (High 1.75).... hope this move continues.

On the other hand, MTOUCHE lost 12c to 3.24 after its latest quarterly earnings came out considerably lower than the same quarter last year. I'm still holding on at the moment, but expect to have to take a bit of pain on this in the immediate term.

Amongst the timber stocks, I think TEKALA remains the sole super laggard. After scaling in at 1.04 earlier, I've watched it slowly inch up a few sen a day, closing up another 2c at 1.11 today. For a debt-free, cash rich company like it is, in the right sector, I think it's worth a punt. With some luck, it might start to pick up the pace soon.

No trades today.


/ichithekiller

Friday, February 16, 2007

EOD Update (16 February 2007)

Nothing much to update, holiday mood already ... TAMCORP momentum seems to be taking a break ... but BREM-WA made another 7c move up to close at 0.52. GPACKET and LIONDIV also steadily up...

祝大家新年快乐 ... 万事如意 .... 心想事成!


/ichithekiller

Wednesday, February 14, 2007

EOD Update (14 February 2007)

What a day.... UEMWRLD was up 76c to 4.24 at one point before coming down to close up 48c at 3.96.

MAHSING put on a hefty 54c to close at 5.00, GPACKET hit 5.40 before coming down to close up 15c only at 5.25, TEBRAU up 19c to 0.905, Nylex up another 12c to 1.98 and Tamcorp finally breaking out of its rut to move 8c up to 0.575 .... this is the Tamcorp break I've been patiently waiting for, hope it's the real move this time.

No trades today.

/ichithekiller

Tuesday, February 13, 2007

EOD Update (13 February 2007)

Market started off shaky today but the recovery in the 2nd half was pretty impressive, with many counters across the board climbing back from their day lows and ending up substantially. Among my counters, the best performer today was IJM-WB which was up 42c at one point before closing up 36c at 4.08. UEMWRLD also advanced strongly to close up 36c at 3.48. ASIATIC was up 45c at one point, but closed up only 18c at 4.88. However, it's worth noting that there was a big buyer-seller spread and it could easily have finished up 28c instead.

Other notables were: NYLEX +15c (1.86) and EKSONS +11c (1.90).

I've noticed that BREM-WA seems to be flashing some pretty good signals lately. Since I picked up slightly > 20,000 units a while ago at between 0.265 / 0.270, it hasn't really caught my attention to warrant closer monitoring, but all that changed last Friday with what looked like a mini-breakout, followed by another good move yesterday. This morning, from a high of 0.485, it dropped to a low of 0.425 before coming back pretty well to close only 1c down for the day at 0.46. I'm no chartist or technical analysis expert, but I'll say it looks pretty good at the moment.

Meanwhile, TOMYPAK has finally moved out of the 0.695/0.700 range to close 3.5c up at 0.73.

Latest disposal:

IJM-WB: -1,000 (4.12) ... Balance 1,000 (I don't want to even think how much more I would have made if I had held my original 45,000-share position in this until now... *sheesh* ... now, THAT would have been a niiiiicccce CNY ang pow)


/ichithekiller

Thursday, February 08, 2007

EOD Update (8 Feb 2007)

Our CI managed to move up slightly again today. As for my portfolio, UEMWRLD and FABER were the major movers, both putting on close to 30c. For FABER, this can be considered the first real breakout day, but for UEMWRLD ... I just wonder at its relentless pace. I suppose this is normal for a genuine bull run. MUHIBAH also continued its recent move by putting on another 20c today.

Many people are now wondering just how long the good times can roll on like that. Most people I know are skeptical, but you can't argue with the market and it serves no purpose. Many who have been sitting patiently since 900 and waiting for a major correction are either pulling their hair out or are slowly pulling the trigger now. Just a quick trade here and there ... before long the positions build up and we all know how that ends when the major correction really comes.

Not that I'm saying no one should buy anything now though, generally things still look ok, but caution is required. A lot of people diligently monitor the US and Shanghai markets for signs of weakness, but I think they're missing something else. The Vietnam index has been on a multi-year bull run. Last year, its main index was up 144% and to date I think its up another 30% or so. Many pundits agree its being held up by irrational exuberance, a lot of free cash from a booming economy and an inexperienced retail public which has just discovered a fun new way to make easy money. I'm told a host of stocks have increased ten-fold in price.

All these could mean a major market bust somewhere down the line. There's nothing like a catastrophic emerging market bust to remind foreign institutions about the dangers which come with investing in this part of the world. We've all seen what even a policy change in Thailand did to Asian stocks recently. So, better keep an eye on the party over there...

No trades today. Oh yeah, some people have been asking me how come I trade so infrequently even though the market is so hot. I think when they just look at my recent posts, they've somehow forgotten that I have a portfolio which has been built over a pretty long time (this is probably partly my fault, since I do not post up my portfolio). So, by just looking at my recent purchases, they think I only have a few stocks in hand, which is not the case. It's just that I did a lot of my buying earlier. At the moment, I'm pretty happy just riding my portfolio, with some tweaks here and there.


/ichithekiller

Tuesday, February 06, 2007

EOD Update (6 Feb 2007)

我的华语虽然不好(其实可以算很差)但是我对英语已经很闷了... 所以从今以后我有时候会用华语写我的updates ... 如果有什么写错的希望大家会多多指教.

今天我买了8 张 Tekala ... 原因是我认为关于材木的公司应该会一直报好的成绩. 这个股我跟了差不多长的时间, 现在该是好时候买入.

最新的选购:

Tekala: +8,000 (1.04) ... Total 8,000


/ichithekiller

Monday, February 05, 2007

EOD Update (5 Feb 2007)

Was hoping to wait for a lower price to increase my position in NOTION, but a somewhat bullish article on it came out in Star Biz today... pushing it up to 0.52. Was so afraid it would run that the moment it came down a bit, I took in another slice. In the end, it went even lower for the day to 0.495, ending up only +1.5c at 0.50 ... s'okay though ...

UEMWRLD continued to move pretty strongly (up 28c), with UEMBLDR following half-heartedly. MAHSING also proving a steady performer recently, up another 14c today (at one point up 24c).

Latest purchase:

NOTION: +5,000 (0.505) ... Total 10,000


/ichithekiller