Tuesday, July 31, 2007

Profit Taking on KLSE

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I took some profit from Salcon today. As written earlier, I bought the counter at 1.15 on July 25. Sold them all at 1.42. Feels like the counter is slightly over-bought at that level. Looking for some rotational play in the coming trading days in view of the bullishness of water themed stocks.

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I'm still holding on Melati Ehsan. Bought at 1.65 but the closing price today was at 1.57. The weakness was much due to the weak market sentiment on last Friday and Monday. Will monitor this closely as I would cut loss at 1.50

On a separate note, I bought a few lots of Liqua yesterday at 0.625. Apparently some hot news expected soon. I also nibbled on SapuraCrest to take advantage of the market weakness at 1.40 last Friday. I think with Seadrill keep on increasing its stake in this baby, one can never go wrong. The stock closed at 1.54 today and my take profit level is set at 1.60-1.65.

I am quite bullish on the Selangor state government counters. With the election coming up, the government linked counters would normally receive a boost in its share prices. Took a punt on KHSB (Kumpulan Hartanah Selangor Berhad) at 1.16. However, these counters are purely for trading and momentum play and I should be out by next week. The intraday chart is appended below:

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Other holdings remained status quo. Please refer to my previous posting on the list of counters I'm currently holding here: CURRENT HOLDINGS

Good luck guys. Hope the info above is useful for us to make some decent return from the market.

Signing off at 9.50 p.m.

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Monday, July 30, 2007

Equity Bulls Getting Ready To Rampage Again ?

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A collation of comments from a couple of Bloomberg pieces this morning, showing the level of excitement amongst Stock market bulls, who are totally unfazed by the Credit market problems, and view the recent downturn as an unequivocal buying opportunity. Buying on dips has been rewarding behaviour for such a long time, that it would be unreasonable to expect a turnaround in market thinking in the short term. Which could mean that we will likely see a 300 point rally in the Dow over at least one day in the current week ?

``You look at earnings, you look at ongoing takeovers, and I'm happy to increase holdings as valuations improve,'' said Andy Brough, who helps oversee $7.6 billion at London-based Schroder Investment Management Ltd. ``You make money buying shares when markets are falling, and that is what I've been doing.''

Money managers say the 4 1/2-year bull market remains intact, even after stocks around the world lost about $2.1 trillion of market value last week, according to data compiled by Bloomberg. Equities are even more of a buy because profits are growing, shares remain cheap compared with earnings and the Federal Reserve isn't restricting credit, according to fund managers at Schroder, ABN Amro Asset Management, BlackRock Inc. and JPMorgan Private Bank.

``This whole subprime issue is of course not positive,'' said Astrid Smit, head of investment strategy at ABN Amro, which oversees $260 billion. ``But the fundamentals still look good. If you sell equities, what are you going to buy? In the current environment, it is still the preferred asset class to own.

``The market has chronically wanted to produce a crisis,'' said Paulsen, the chief investment strategist at Minneapolis-based Wells. ``When you're seeing financial stocks getting their heads taken off, it's hard to step in. But there's a possibility of a good return over the six- to nine-month horizon.''

``People have taken their eyes off the good news, the fact that the economy seems to be poised to reaccelerate, that earnings have been much better than expected,'' said Jack Caffrey, the New York-based equity strategist at JPMorgan Private Bank, which has more than $300 billion in client assets. ``This has been something of a gift. You have the chance to buy at particularly low valuations.''

Robert Doll, who oversees $1.2 trillion as chief investment officer of global equities at BlackRock in Plainsboro, New Jersey, said some of his funds bought shares of energy producers as the market declined last week. ``Global growth continues to boom,'' said Doll, who predicts the S&P 500 will rise another 6.2 percent this year. ``The building blocks for this bull market are still there.''

``As some of these sectors get beaten up it gives you an opportunity,'' said Robert Schumacher, who helps manage $135 billion as chief investment strategist at Van Kampen Investments in Oakbrook Terrace, Illinois. He expects the S&P 500 to climb as much as 20 percent in the next 12 months. ``This isn't a systemic problem that the economy can't overcome.''

Those valuations, coupled with steady Fed interest rates since June 2006, are enough to make stocks a buy, said Walter ``Bucky'' Hellwig of Morgan Asset Management. The turmoil in the credit market is allowing him to add to holdings in technology, energy, and raw-material shares at cheaper prices. ``In a perverse sense, the widening of these spreads in conjunction with rising earnings makes the stock market more attractive,'' said Hellwig, who helps oversee $30 billion in Birmingham, Alabama. ``Interest rates are still low, inflation is still low, and there still is global growth and equities are becoming more attractive.''

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Thursday, July 26, 2007

New Anfield

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Behold everyone. Presenting the new stadium of Liverpool, the new Anfield.

When you walk through a storm
Hold your head up high
And don't be afraid of the dark
At the end of the storm
Is a golden sky
And the sweet silver song of a lark

Walk on through the wind
Walk on through the rain
Tho' your dreams be tossed and blown
Walk on, walk on
With hope in your heart
And you'll never walk alone

Outside the Shankly Gates
I heard a Kopite calling
Shankly they have taken you away
But you left a great eleven
Before you went to heaven
Now it's glory round the Fields of Anfield Road.

All round the Fields of Anfield Road
Where once we watched the King Kenny play (and he could play)
We had Heighway on the wing
We had dreams and songs to sing
Of the glory round the Fields of Anfield Road

Outside the Paisley Gates
I heard a Kopite calling
Paisley they have taken you away
You led the great 11
Back in Rome in 77

And the Redmen they are still playing the same way
All round the Fields of Anfield Road
Where once we watched the King Kenny play (and he could play)
We had Heighway on the wing
We had dreams and songs to sing
Of the glory round the Fields of Anfield Road

Signing off at 11.15 p.m.

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Wednesday, July 25, 2007

New Tips On The Block,

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Hello fellow punters,

Just wanna share some recent tips provided by my remisier and my usual tipster. My remisier told me to buy the following counters: Melati Ehsan & Salcon. What's the story? I really don't know. Apparently he got the tips from his client who has successfully called upon RB Land before its gigantic rise this week. According to him he simply can't say no to this guy's tip. Being naive, I also followed him, just to try my luck. Bought Melati & Salcon @ 1.65 & 1.15 respectively.

I've increased my holdings in Tamco Corporate. Some takeover story is backing my plan. Bought some when it fell to 1.00-1.02 and will continue to accumulate. 1st target price is set at 1.50 so 40-45 cent upside if you buy at the last traded price of 1.07. This tip was given to me by the guy who tipped TSH Resources and UEM. So far the success rate of all his tips is 100%, so definitely worth a punt. I still have 2 lots of TSH, waiting patiently for it to touch RM4.00!

Other counters look a bit lackluster... TWS Corp, Selangor Pty and ECM to name a few. May reexamine my position in these counters with a slight possibility to reduce some holdings there.

Hovid is looking good recently. Gathering new support level at 0.45-0.46. May breakout soon. Target price is set at 0.60. Not to forget, RCE Capital which seems to recover from its recent correction. Building up momentum at around 1.07-1.08 with immediate resistant at 1.15, 1.25, 1.35 and 1.50.

Ok guys enuf about the tips. Need to catch-up on the second semi of Asian Cup. Feels like it'll be a middle east showdown where Iraq will square against their Saudi neighbor. Hoping for a better market condition tomorrow. Good luck punters....C ya in my next posting.

Signing off at 10.35 p.m.

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Saturday, July 21, 2007

I-Clay Educational Program

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I've just ventured into a new form of business. Targeting children education as the subject, me and my buddy decided to open a learning center on clay modeling in Ampang Point. The product is called I-Clay.

AMOS I-Clay, a polymer modeling compound from Korea, its a world softest clay. It is light-weight boasting to be 30% less weight and more volume. I-Clay is available in bright colours and are nice to mix. It is extra soft and has super elasticity which makes crafting with this product a pleasurable experience. No baking required, just air dry and finish product will not crack after drying. I-Clay is clean to use and does not leave unpleasant residue on your finger.

I-clay, a well developed polymer modeling compound encompassed with educational program will help children improve recognition and perception of colors and the ability to understand amounts and proportion. I-clay is a superior educational tool that stimulates creativity and the development of logic and rational thought. It can also improve a child’s concentration and EQ, as well as aid personal development.

I-clay is NOT simply an Art & Craft material, it is an effective educational tool helping children grow intelligently and creatively. What’s more, with our easy step-by-step and fun ways to mix your own colors, you can make all kinds of pretty clay characters, dolls, dummies, figures, souvenirs, jeweleries and anything you can think of! Some sample of the designs are attached below:

We are now offering IClay Monthly Art Classes & School Holiday Workshops for children aged 4 and above. They will progressively learn to make different characters with just 10 basic shapes and watch how all their imagination and creativity comes to life through our step-by-step Educational Program!!

Please drop by at the center to check it out. Readers of this blog will get special discount. For further details you can browse this temporary website:

All comments and ideas are most welcomed. I'm also looking for alternative to host the website. Any suggestions are much appreciated.

Signing off at 6.45 p.m.

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Tuesday, July 17, 2007

Nuri Wrekage Found, No Survivors

I can't believe that this Nuri helicopter is still being used by our air force. In most countries these type of helis have found their place in the museum. We have been using Nuri for almost 30 years and ever since I was a little boy, I could still recalled numerous tragedies involving Nuri.

Why can't the government replace this ancient machine. It puzzles me so much. They can build the once highest building in the world, the most well-equipped and high tech administration center and allocated billions of ringgit under the 9th Malaysia Plan, but not a single cent allocated for the air force to replace these machine?

Maybe when some VIP involve in similar incident, then they will take the much over-due action. Typical Malaysian! The simple fact is that the Nuris are too old to serve the force.

Signing off at 11.00 p.m.

Sunday, July 15, 2007

Stock Tips

I've been making some decent return from previously recommended stocks. I have been accumulating a new set of counters after liquidating the previous recommended counter (UEMW & TSH)

New addition are as follows. The take profit levels are in bracket:

1. Tamco (1.50)
2. ECM (1.60)
3. RCE Capital (1.50)

My current portfolio consists of the following stocks:

Good luck punters. C ya in my next update on KLSE.

Signing off at 8.06 p.m.

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IPC Discount Card

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Finally, the much awaited IPC discount card has hit the shore. Apparently the cards were ordered from China. Maybe that was the reason why they took so long to get here :)

Well, as announced in em-pay website all members can collect your Member Privilege Card at our marketing office, stockist or center office. Just present your member ID to the in-charge person to collect your card. The card no. will be different with your iMal2u ID no. You can use this card for discount privilege purposes. I have personally collected the cars for my direct downlines. For those living outside KL, drop me an email with your postal address. I'll arrange the delivery f.o.c. The card looks something like this:

There has also been some changes to the plans. From July onwards, Plan C World Pool will be changed to Merchant Pool. At the same time, Plan B has some changes, now every Member Units are entitled for 100% bonus even he/she does not sponsor any downline.

All 5% reserved bonus will be used for auto placement, the accumulated reserved bonus from all members around the world be placed in Plan B every end of the month. Members do not need to claim the reserved bonus anymore.

For those who have not claimed their reserved pin wallet, you can do so now. You'll only need 60 EP to convert into one additional unit. This unit however, is not eligible to be placed under Plan A. Instead it will be added to your Plan B.

Good luck guys. Hopefully the month of July will see some improvement in our Plan B.

Signing off at 7.10 p.m.

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