Friday, May 22, 2009
As far as the Morning Star prediction goes, it DID NOT HAPPEN or the technical reading is WRONG !
This is one of the simplest indicator you can find. Any user in technical analysis can comment at first sight if the artcile is right or wrong. The only part they may disagree is the part that Morning Star is reliable, which is an academic claim. Practiciant may have their own different personal experience.
At the same time when KNM is expected to go up due to that Morning Star signal, KLCI is expected to go down technically as well. But it turns out KNM goes down while KLCI goes up the next day.
However, in the same article, it did mention some other technical readings that say 'don't buy yet'. So you may hear some technical gurus always tell you wait until ALL 3 indicators tell you to buy or sell then only you make a move.
Thursday, May 21, 2009
Wednesday, May 20, 2009
Tuesday, May 19, 2009
Monday, May 18, 2009
Friday, May 15, 2009
Tuesday, May 12, 2009
Friday, May 8, 2009
Thursday, May 7, 2009
Wednesday, May 6, 2009
Lucky or not, recent stock market's dead-cat-bounce is higher than expected, so high that the technical reading triggers the signal of end-of-bear-market, eventually made me changes my previous investment strategy, i.e. sell now instead of selling 3-5 years later. In general this is an example of emotion overtake logic.
The emotion part is my belief that this is a dead-cat-bounce; the logic part is the clear technical signal of bear-end. So sum all up, now even if the market goes crash, it would most probably be supported at 950. Instead of the much lower level I expected earlier.
Although 70% profit within a month seems pretty good but almost any speculator for the past few weeks would most probably easily get that return rate and more. Should I really keep for 3-5 years, 4x return isn't really that impossible. To really feel the difference, try imagining earning $70,000 from $100,000 vs. the potential income of $400,000. What can you do with an extra of $330,000?
Taking profit now actually allows me to rest for the year of 2009 (this year target achieved). However, selling off everything I have now is a bad positioning move, so I will need to start working on 'what to buy now'.
So follow the same method to screen out stocks to be analyzed on, this time I am using these rules:
1) Volume higher than 15,000
2) Price between 0.30 and 0.50
This is the list I got;
AISB ANNJOO-WB BRDB-WA BURSA-CL DUTALND EDEN EQUINE GPHAROS HUAAN IJMLAND-WA INCKEN INSAS KEURO KHSB KUB KURASIA LBS LIONCOR LIONDIV MULPHA NTPM OILCORP PICORP POHKONG SALCON SANBUMI SCOMI TIMECOM WCT-WB
Screen through their finance data (ROE and EPS), these are the 3 stocks I am watching now. More in depth study will be needed before taking any action but I have time for that (before end of 2009).
Tuesday, May 5, 2009
There are standard methods or PF tools to achieve MeM. Each level up the pyramid requires more learning. Entering into any of this with the wrong preception or knowledge may bring negative MeM.
So far MalPF model works well without the need of setting goals. However MeMx2 is the part where you may see a distinctive difference between a person do it with goals and another without.
This is especially useful when you have goals in MeMx2. For example, I want to save $100 a month for 20 years with 12% return so that I can get my $100,000 for my retirement. So I can buy a $100,000 insurance just incase if I lost my ability to save that $100, I will still get my $100,000 regardless.
1. Die Early