My Trading Adventure
Stock Watch : Telco
CP TEH
Publish date: Sat, 03 Nov 2012, 07:29 AM
CP TEH
0 2,918
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.
Last night we had an outing ... 11 of us, in our usual hang-out. It is slowly becoming our nest. Well, as the group is larger now, it is kinda 'noisy' and difficult to engage in conversations. We do have 3 new tratles joining us last night, besides the 'regulars'. Interestingly, we do not talk about stocks!!
Later, I will attend a talk by Jupiter regarding "RSI and Stochastic" trading system. This workshop is not free. Then, I have to rush back for our tratles' monthly meeting with 'telco' and KLCI 20 points drop as the main topic. DOW down 130+ points. We shall see reds next week ... finally.
Yesterday I did not manage to find time to blog, as one of my e-tratle came from south to meet me and joined the group for the gathering too. He is very much advanced in technical analysis and eexperienced in charting than me. Hmm ... as I teach only the basics, I do wonder if any of the things I talk about could benefit him. Surprisingly, he mentioned that he did learn from me too ... as he believes we are 'ever' learning. Yeah ... that is true. No one could claim he knew too much ... and that 'ego' would stop us from improving.
Tratles group certainly growing well ... and I m such a glad person. I do think the most important thing is that we all have a common goal --- to share and learn to trade well. Checking that we do have common platform, using common language is important to see the group to grow ... but as the group is larger now, organising talks, meetings, gathering ... may post a challenge to me. Anyway, I am very satisfied and glad to see how we guys(newbies and veterans) share and help each other. I hope I do not leave out anyone or making anyone feel 'left-out'. I do learn from many of them too ... and my focus would be in the newbies in our group, to guide them to be a good trader(with the right mindset).
Next week, I will have my cohort-8(fatt group) coming ... and will be seeing more new faces. Perhaps I am no longer nervous teaching trading, but if you get to know that many are actually very experienced traders, it will not be easy to 'teach'. I could teach those newbies ... and for those veterans, I could only share experiences and knowledge. There will be few slight change in my presentation ... at least, I will be wearing smart-casual, and not simply a round-tee shirt. Perhaps I will be wearing the i3-shirt(Thanks i3). I do need to use power-point for my presentation now. Haha ... imagine this, I was teaching with a marker pen and a whiteboard ... without charts with my cohort1-2-3. Haha ... I still want to laugh ...and the satisfaction of seeing my improvements.
With cohort-9 is forming(for next year Jan2013), few enquiries coming in and I will have to limit the numbers for next year. I will want to have focus ... and better rapport with them. I do need to improve in my 'public speaking' and perhaps ... joining those toastmaster course?
note : Do let me know if anyone wish to join our tratles group. Cohort-9 is open for registration. Thanks.
A lot of works to be done ... for improvements and to be more organised. And I barely have the TIME.
stock-watch : I do have few more e-mail asking to join the group but after I replied, no news from them, not even a courtesy to let me know they are not joining. I guess many are from i3 and they thought it is like those few people who asking others to give their e-mails to join their forums etc etc.
TM : Well, I have cut-loss at RM5.95, a day before the huge drop. Everyone is still looking for an answer to why telco dropped yesterday ... perhaps they have been pushed up too high? If you think DiGi is cheap think again ... a counter with PER-30 is certainly NOT cheap. TM is cheaper ... but will you be buying at RM5.70 now? Or shall we wait for RM5.50 ... RM5.30? Should we just forget about telco's now ... as the game is over?
DiGi : I have alerted the group about 2 weeks ago to let go of Digi. If you do not know why and could not see it from the chart too, then ... I will advise that you learn how to see these signs. You may want to join me and I could alert you, right?
Axiata : Checking RM5.90 now, gapped down ... game over?
Maxis : The most resilient of all .. no gap down, no panic exiting. This is lagging behind ... and if I am holding Maxis, I will exit too. The nice uptrend may be over soon too ...
So, the telcos pulled KLCI into deep-red, shedding almost 20 points. It will be interesting to see if any technical rebound for us to trade. Do not catch a falling knife, a reminder.
Have a nice weekend.
TEH
Later, I will attend a talk by Jupiter regarding "RSI and Stochastic" trading system. This workshop is not free. Then, I have to rush back for our tratles' monthly meeting with 'telco' and KLCI 20 points drop as the main topic. DOW down 130+ points. We shall see reds next week ... finally.
Yesterday I did not manage to find time to blog, as one of my e-tratle came from south to meet me and joined the group for the gathering too. He is very much advanced in technical analysis and eexperienced in charting than me. Hmm ... as I teach only the basics, I do wonder if any of the things I talk about could benefit him. Surprisingly, he mentioned that he did learn from me too ... as he believes we are 'ever' learning. Yeah ... that is true. No one could claim he knew too much ... and that 'ego' would stop us from improving.
Tratles group certainly growing well ... and I m such a glad person. I do think the most important thing is that we all have a common goal --- to share and learn to trade well. Checking that we do have common platform, using common language is important to see the group to grow ... but as the group is larger now, organising talks, meetings, gathering ... may post a challenge to me. Anyway, I am very satisfied and glad to see how we guys(newbies and veterans) share and help each other. I hope I do not leave out anyone or making anyone feel 'left-out'. I do learn from many of them too ... and my focus would be in the newbies in our group, to guide them to be a good trader(with the right mindset).
Next week, I will have my cohort-8(fatt group) coming ... and will be seeing more new faces. Perhaps I am no longer nervous teaching trading, but if you get to know that many are actually very experienced traders, it will not be easy to 'teach'. I could teach those newbies ... and for those veterans, I could only share experiences and knowledge. There will be few slight change in my presentation ... at least, I will be wearing smart-casual, and not simply a round-tee shirt. Perhaps I will be wearing the i3-shirt(Thanks i3). I do need to use power-point for my presentation now. Haha ... imagine this, I was teaching with a marker pen and a whiteboard ... without charts with my cohort1-2-3. Haha ... I still want to laugh ...and the satisfaction of seeing my improvements.
With cohort-9 is forming(for next year Jan2013), few enquiries coming in and I will have to limit the numbers for next year. I will want to have focus ... and better rapport with them. I do need to improve in my 'public speaking' and perhaps ... joining those toastmaster course?
note : Do let me know if anyone wish to join our tratles group. Cohort-9 is open for registration. Thanks.
A lot of works to be done ... for improvements and to be more organised. And I barely have the TIME.
stock-watch : I do have few more e-mail asking to join the group but after I replied, no news from them, not even a courtesy to let me know they are not joining. I guess many are from i3 and they thought it is like those few people who asking others to give their e-mails to join their forums etc etc.
TM : Well, I have cut-loss at RM5.95, a day before the huge drop. Everyone is still looking for an answer to why telco dropped yesterday ... perhaps they have been pushed up too high? If you think DiGi is cheap think again ... a counter with PER-30 is certainly NOT cheap. TM is cheaper ... but will you be buying at RM5.70 now? Or shall we wait for RM5.50 ... RM5.30? Should we just forget about telco's now ... as the game is over?
DiGi : I have alerted the group about 2 weeks ago to let go of Digi. If you do not know why and could not see it from the chart too, then ... I will advise that you learn how to see these signs. You may want to join me and I could alert you, right?
Axiata : Checking RM5.90 now, gapped down ... game over?
Maxis : The most resilient of all .. no gap down, no panic exiting. This is lagging behind ... and if I am holding Maxis, I will exit too. The nice uptrend may be over soon too ...
So, the telcos pulled KLCI into deep-red, shedding almost 20 points. It will be interesting to see if any technical rebound for us to trade. Do not catch a falling knife, a reminder.
Have a nice weekend.
TEH
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Discussions
1 person likes this. Showing 25 of 25 comments
Hi Zack
I don't know much about TP or if they will go higher-lower. I do know I bought TM at RM5.71 so far and waiting at RM5.50. I do not know if it will rebound, but I do know I have a plan, a time frame and indicators to show me what I should do.
Yes, good fundamental stocks, indeed. But, I am still a trader, buying to sell(for profits or losses). I just need to make sure my losses are small.
Thanks
TEH
2012-11-04 20:51
I ALSO SAME WITH U...BUT ONLY 2 MONTH U CAN GET AT LEAST rm0.20-rm.40 PERUNIT ENOUGH FOR TRADER LIKE U AND ME..DEPEND UR FUND..TO ME..ALL INSTITUTION WILL MAINTANCE THEIR ACCOUNT ON DEC (WINDOW DREESING)..STOCK DROP LAST FRIDAY PRESSURE FROM FOREIGNER.. TEMPORARY DROP.. LAST MONTH ALL TRADER SAID JCY DROP BELOW rm0.67...BUT NOW HIGH RM0.815 LAST WEEK...TO ME JCY WILL REPEAT HISTORY BASED ON 1 YEAR CHART..U CAN READ MY COMMENT ON JCY..NOW I PREDICT MAYBULK WILL REBOUND AT ABOVE RM1.60...NOW AT RM1.45.. YOUR COMMENT?LAST WEEK HIGH VOL..
2012-11-04 21:08
Cpteh, you cut loss TM 5.95, and buy TM back at 5.71 ? wah.. ppl thought should sell tm ..
2012-11-04 21:27
may i know TM still have capital repayment in 2013? since TM capital repayment already implemented from 2011~2012. thanks to advise more..
2012-11-04 21:41
Profit taking for sure to continue next week, don't you think so due to USA elections? All the fund managers want to play safe cos they have to make sure they profit!
2012-11-04 22:13
is it just prediction? Profit taking can be anytime not just during US election. The opportunity can be created too... trader can even base on chart to cut-loss or take profit.
2012-11-04 22:26
hot money making its way into ASEAN. Selldown was probably due to news about election call!
2012-11-04 22:27
can follow here: http://biz.thestar.com.my/news/story.asp?file=/2012/11/3/business/12268010&sec=business
2012-11-04 22:28
the plan could be working for Najib. With money flooding the market and pockets filled, Malaysians tend to be very forgiving in GE. interesting months ahead!
2012-11-04 22:42
Hi
Yeah ... I bought RM6 level, sold half at 6.12. Then, it came back to my cost price and my cut-loss was PLANNED before the trade. When I saw Axiata(ex TMI) moving lower on Thu too, I sold all my TM. On Friday, Axiata gapped down ... and I was too excited. When I asked my group to check 5.85 support, it broken ... and it stablised at 5.70-5.72 for a while, before rebounded to 5.75-5.76, but the hammer-like not form, instead last minute sell-down seen(with a gap of few cents). KLCI minus 4points extra in last of minutes due to that.
These are what I could recall, and if I am not mistaken.
I could tell all that I analyse with my group,to exit Digi about two weeks ago seeing weaknesses. Similar to the resilient Maxis at the moment, started to show weakness.
Now, regarding valuations of DG, we all know it is over streched. Why would investors buy DiGi with PER above 30 and KLCI at high? No logical sense or merely ignorants?
Disclaimer : It is merely an opinion of mine and please consult those know-how. Trading is a risky activity.
TEH
2012-11-04 23:34
early this year i bought digi at rm35 before split..all my friend say expensive...now digi touch rm55..IF I HOLD TILL NOW ,HOW MUCH MY PROFIT..?BUT,I SOLD DIGI AT RM4.00 AFTER SPLIT.. EPF HELD DIGI 2 BILLION SHARES...DO U THINK EPF ALLOW THIS STOCK DROP BELOW RM5.00???
2012-11-04 23:58
if the investor buy digi around rm4 for 10000shares, say cost is around rm40000. When it is around rm5, sold 7000shares for around rm35000. Remaining is 3000shares with cost rm5000, say average price after profit is rm1.70. Will investor sell or keep them for dividend? hold long long does not mean cannot take profit or buy back when it drop below rm5. Will you scare holding shares ? Will your heart pain or cant sleep at nite if lost the rm5000 in share market?
2012-11-05 00:05
Will all the fund managers sell all the shares because of election? Will ttb sell all icap holding because election ? ttb not good ?
it is like someone owning a klse company selling all his shares like selling away the business just because of election? This is totally does not make sense.
so, guess what ppl more interested is like how these guys can still make money one? how they manage their risk?
agree with zack, window dressing month is coming.
2012-11-05 00:27
5.5 defense line gone.. 5.2 coming ? better cut-lost.. a lot ppl is waiting..
2012-11-08 11:05
Kenanga's Alex Lu made the right call about telcos last Monday; especially about TM. http://nexttrade.blogspot.com/2012/11/telcos-under-selling-pressure.html It was this post that prevented me from buying either TM or Axiata in the hope of riding a rebound. Now TM has become even more attractive and my hands are really itching to hit the "Buy/F1" button:-)
2012-11-08 11:27
Worrying the correction would continue but at the same time getting so attracted to the current price of TM. So what to do now...? One alternative - its warrants. The CU at 0.045, ex price and date of 6.00; 30/9/13. This should get rid of the itching:-)
2012-11-08 11:48
One thing that is puzzling is, why suddenly all the selling in telco stocks? Not only that most blue chips too. Is Foreign Funds selling because
" they know something about market that we do not know"?
Maybe it is best to let the falling knife come to a stop first and see a rebound before buying. Anyway, seldom do we see the tech indicators of this telco go so low !!
2012-11-08 16:34
last minute, saw hammer in Tm. So tangan gatal, went in for TM-cu, the most active call warrants, tho I dont like the high premium! By right should wait for confirmation.
no risk, no gain !!
2012-11-08 17:07
under this condition playing leverage ? :) , later 1 knife become multiple knifes :)
2012-11-08 17:10
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
zack_liza
only epf,kwap,tabung haji,pnb & ltat buy and hold this stock..to me, buy this stock if it drop at this level...
buy digi at RM5.00-rm5.20..(cum div RM0.12 on november)..
buy Axiata at Rm6.00 - rm6.20..TP rm6.80..resistance RM6.50..
buy TM at RM5.80-Rm6.00..TP rm6.50 resistance Rm6.30.. (capiatl repayment next year)
buy maxis Rm6.60-rm6.80...Rm0.40/year DPS..Rm0.08 on december.
all counters above will close high end of this year (dec 2012)..
good fundamental & tecnical stock..please refer on chart..
i likes this stock..
2012-11-04 20:37