My Trading Adventure

Stock Watch : GenM and Gamuda

CP TEH
Publish date: Mon, 22 Aug 2011, 09:39 PM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
GenM : Closed at 3.45. One of my cohort-0 turtle, WY, bought at 3.30 level and I have asked her to sell at 3.60+ level but she told me she will like to see RM4.20 level to think of selling. She has been holding for 8 months plus now. I am not sure how much dividends GenM has declared. Now, at 3.45, I will be seeing RM3.20 again to decide if it worth collecting. YH bought at 3.20 and sold at 3.60. Then, bought back at 3.50 and sold at 3.80. I ama not sure if she bought back as I lost touch of what they(my 7 turtles of cohort-0) buy/sell. One have taken almost 10%+ profits twice, another buy-n-hold at 3.30 will be seeing her profits wipe-off if market sentiment didnt change soon.

Now, I no longer asking any of them to buy/sell. They need to LEARN ... if only they wanted too. BUSY BUSY is only excuses to me. Err ... I think I am busy too? Hmmm ...

GenM : Technically BEARISH. Below 200MA, MACD and RSI pointing downwards. Stochastics bearish crossover. Downtrending now and with that BLACK candle-stick, expect more down-side. Those bought in today, I dont understand WHY.



Gamuda :  Technically very bad landcape. The technical rebound failed and it is exiting. MACD and RSI formed lower-high, and will continue to go lower. Looking at a strong support at RM3 level and once break, MRT-news could not pump her up in such sentiments. Why is buying Gamuda today? Local funds supporting her?
TEH
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