Wednesday, April 23, 2014

KLCI to retrace from here?

It is Wednesday ... mid-week, where I am trying to find some time by myself ... listening to songs(aloud) and to be with my blog ... yeah, slowly I am going to free myself from my full-time job, and to blog. To un-block many things up in my head. I have just resigned  from my full-time teaching job and will be a 'free' man by July. So, I hope to enjoy World-Cup in June ... and back to full-swing working in July. Haha


Well ... about market, KLCI charting higher ... selling most around 1872 level then. Many need to rest after such sharp rebound from 20MA support.

Still have some in hands to sell ... so, dont drop sharply yet, ok?

Got to run ... again

Tuesday, April 22, 2014

Jack Ma of Alibaba ( formerly 1688.hk)





Billionaire Jack Ma, the founder and ex-CEO of Alibaba Group, as well as one of the most successful Chinese Internet entrepreneurs, shares his wealth of experiences.

Jack Ma: The mistake I regretted the most 

In 2001, I made a mistake. I told 18 of my fellow comrades whom embarked on the entrepreneurship journey with me that the highest positions they could go was a managerial role. To fill all our Vice President and Senior Executive positions, we would have to hire from external parties. Years later, those I hired were gone, but those whom I doubted their abilities became Vice Presidents or Directors.

I believe in two principles: Your attitude is more important than your capabilities. Similarly, your decision is more important than your capabilities!

Jack Ma: You cannot unify everyone’s thoughts, but you can unify everyone through a common goal. 

Don’t even trust that you are able to unify what everyone is thinking; it is impossible. 30% of all people will never believe you. Do not allow your colleagues and employees to work for you. Instead, let them work for a common goal. It is a lot easier to unite the company under a common goal rather than uniting the company around a particular person.

Jack Ma: What does a leader have that an employee doesn't? 

A leader should never compare his technical skills with his employee’s. Your employee should have superior technical skills than you. If he doesn’t, it means you have hired the wrong person. What, then, makes the leader stands out? A leader should be a visionary and have more foresight than an employee. A leader should have higher grit and tenacity, and be able to endure what the employees can’t. A leader should have higher endurance and ability to accept and embrace failure. The quality of a good leader therefore is his vision, tenacity, and his capability.

Jack Ma: Don’t be involved in politics.

One should always understand that money and political power can never go hand in hand. Once you are in politics, don’t ever think about money anymore. Once you are running a business, don’t ever think of being involved in politics. When money meets political power, it is similar to a match meeting an explosive- waiting to go off.

TEH : ok ok ... say NO to politics.

Jack Ma: The 4 main questions the young generation must ponder on 

What is failure: Giving up is the greatest failure.

What is resilience: Once you have been through hardships, grievances and disappointments, only then will you understand what is resilience.

What your duties are: To be more diligent, hardworking, and ambitious than others.

Only fools use their mouth to speak. A smart man uses his brain, and a wise man uses his heart.

Jack Ma: We are born to live and experience life.

I always tell myself that we are born here not to work, but to enjoy life. We are here to make things better for one another, and not to work. If you are spending your whole life working, you will certainly regret it. No matter how successful you are in your career, you must always remember that we are here to live. If you keep yourself busy working, you will surely regret it.

Jack Ma on competing and competition

Those that compete aggressively with one another are the foolish ones. If you view everyone as your enemies, everyone around you will be your enemies. When you are competing with one another, don’t bring hatred along. Hatred will take you down. Competition is similar to playing a board of chess. If you lose, we can always have another round. Both players should never fight. A real businessman or entrepreneur has no enemies. Once he understand this, the sky’s the limit.

Jack Ma: Don’t make complaining and whining a habit

If you complain or whine once in a while, it is not a big deal. However, if it becomes habitual, it will be similar to drinking: the more you drink, the stronger the thirst. On the path to success, you will notice that the successful ones are not whiners, nor do they complain often. The world will not remember what you say, but it will certainly not forget what you have done.

Jack Ma’s advice to entrepreneurs

The opportunities that everyone cannot see are the real opportunities. Always let your employees come to work with a smile. Customers should be number 1, Employees number 2, and then only your Shareholders come at number 3. Adopt and change before any major trends or changes. Forget the money; Forget about earning money. Rather than having small smart tricks to get by, focus on holding on and persevering. Your attitude determines your altitude.

Jack Ma on entrepreneurship

A great opportunity is often hard to be explained clearly; things that can be explained clearly are often not the best opportunities. You should find someone who has complementary skills to start a company with. You shouldn’t necessarily look for someone successful. Find the right people, not the best people. The most unreliable thing in this world is human relationships. “Free” is the most expensive word. Today is cruel, tomorrow will be worse, but the day after tomorrow will be beautiful.

Jack Ma: The 4 don’ts of entrepreneurship 

The scariest things about starting up is the inability to see, to be snobbish, to be unable to understand what is going on, as well as to be unable to keep up with pace. If you do not know where your competitor is, or overconfident and snobbish about your competitor, or are unable to comprehend how your competitor became a real threat, you will surely fall behind him. Don’t be the “they” in this idiom: First they ignore you, then they laugh at you, then they fight you, then you win. Even if your competitor is still small in size or weak, you should take him seriously and treat him as a giant. Likewise, even if your competitor is massive in size, you shouldn't regard yourself as a weakling.

Jack Ma on starting your own company

What starting your company means: you will lose your stable income, your right to apply for a leave of absence, and your right to get a bonus. However, it also means your income will no longer be limited, you will use your time more effectively, and you will no longer need to beg for favours from people anymore. If you have a different mindset, you will have a different outcome: if you make different choices from your peers, your life will then be different from your peers.

TEH : Yes, leaving my full-time job is not easy ... after being an employee for 25 yrs!! Heck, which I knew all these much earlier ... as I started to change my mindset merely 8 years ago ... and now, I m so different from my peers(fella lecturers(.

Jack Ma on opportunities

If there are over 90% of the crowd saying “Yes” to approving a proposal, I will surely dispose the proposal into the bin. The reason is simple: if there are so many people who thinks that the proposal is good, surely there will be many people who would have been working on it, and the opportunity no longer belongs to us.

TEH : Good one ... be a contrarian.

TEH

KLCI at 1866 .. reaching high soon?

5.30 pm : What a long day so far ... had classes since morning 10am, and another to go from 8pm to 10pm. So, I do need to rest ...

MyEg hitting RM2.80 ... incredible recovery? Well, when u heard bad-news about GST and if u know how to see simple charts, u will know that it is  buy during that panic-selling level aroud RM2.40. Today, I wont chase ...

I bought 3A instead during morning at 90.5 and 92cents ... I posted the chart to my stock-watch group, and told them I bought. It is up to them ... if they are buying. Closed 93.5 cents ... will sell tmr if shooting again, otherwise, resistance at 99cents, sell.



TDM breakout today of RM1.04 level, it was at 99cents ... high volume breakout. Great. Buy.



TSH is about to break to new high too ... well, hammer formed yesterday for FCPO, now up about 40 points. Still holding to my long ... and my idea is to long FCPO, short FKLI. So, one may consider TSH ... around RM3.30

tired ... and need to rest now.

TEH

Monday, April 21, 2014

Stock Watch : MyEg


This is MyEg ... given when it DIVED ... with very huge volume(due to bad-news spreading that they didnt get the GST??) ... so, I bought in huge position but sold before it hit Rm2.66 resistance. Now, the next resistance is RM2.75 ... to me is a SELL if you bought at RM2.40plus level, where many of those in my trading group followed.

Well, I sold to buy something else ... and bought it huge too.



FPI : Bought at 0.90 support level(the red line is 20MA), rebounded to 0.955, closing price. SELL if reaching RM1 again. This was given in the morning ... very red tho KLCI very green.


contact me at cpteh@yahoo.com to join my trading group.

cohort-12 of trading workshop : I will only be able to be a bit free by end of MAY ... I do have 3 KIV now. So, I will have to plan for that end of this month. Those interested to learn simple charting(for cheap fees), do contact me for more info.

Thanks

TEH

KLCI bullish day

It is Monday ... I am glad that Liverpool won their last night game. Three more games to go ... and need to focus on that.

KLCI up 10 points ... now we are at 1860 level ... and if we see 1870, we can dream of new high? I am going to do short-term trading only. Dislike the craziness in markets ...


AFFIN : I am still watching Affin ... right-issue(due to Hwang purchase, I think). This is the weekly chart. While KLCI is bullish ... Affin is moving the other direction and at support now. Daily chart showing oversold ... so, at current RM3.80 is a good level to buy.

If it dives lower, breaking RM3.72, that will be our cut-loss level.


Bursa : Bottom was at RM7.40, at RM7.64 at the moment ... can BUY with cut-loss if below RM7.57. Good chart ... recovering seen. Reported increase in profits. Bursa is one sure-win counter to hold ... as it is cash-rich, and we all traders/investors have to benefit them. One of the counter recommended for buy-hold ... so, if market collapse ... buy the tai-kor ... 1818 ... Bursa.

I bought the "C" ... not CIMB ... but Cuscapi(and wa) today for short-punt. Sell at 44-45 resistance.


FPI : Today, FPI dived back to 90cents, the support ... so, I grabbed FPI. I have bought before ex-div, and sold.

got to run again

TEH

Friday, April 18, 2014

Paying my last respect ...




I have just arranged for the trip up North ... to pay my last respect to Mr Karpal Singh. A 'tratle' of mine will be driving me around as I will be taking an early morning bus ... too tired to drive.

Will be meeting some of my trading group members as I am staying a night there. After the morning Sunday ceremony, I will be heading back to KL ...

I have cancelled 3 of my classes ... as I do think it is closed to my heart, work can wait ...

need to rest now ... I know I will be sad, emotional ...

R.I.P ...

TEH

Thursday, April 17, 2014

R.I.P Karpal Singh



Saddened. I will arrange to drive up to Penang to pay my last respect.

My high respect to you, sir.

Rest In Peace.

TEH

Tuesday, April 15, 2014

Stock Watch : MyEg

As KLCI still hanging around, many stocks are moving today, particularly property counters. GOB making huge come-back. Malton following too ... heck, RHB given target Malton RM1.80 and GOB at RM1.72 ... so, who is pushing them up?

I day-traded MyEg yesterday ... and told everyone that I wil buy hugely today, if it is in red ... and it did. Bought 2.38 till 2.45 ... sold 2.53 ... and all at 2.60. That is one good trade, considering that I am moving around for 7 hours of classes today!! Really crazy day ... missed GOB, grabbed Malton instead.



MyEg came sharply down due to news that they are not getting the GST-biz? Hmm ... reading that was like ... hmm ... that is fishy ... they pressed it all down, almost hitting 200MA ... so, be greedy when others in fear? Is MyEg under-valued? Heck ... of coz it is not!!

Look at DSonic ... how do u like her and hate her? Well, DSonic is one darling among retailers, many newbies somehow profit easily ... few folds ... and now, no way to run when operators pressing it down, or releasing their holdings for huge profits. That is how market is being played.

Well, one moment they said designating the counter la ... now is what? Thought UMA also still shooting higher? What is next? Buy due to fear?

MyEg can la ... DSonic? Hmm ... Hitting 2.70, limit down is 2.55. It closed 2.90. We shall see ...

so, hope to post Myeg and DSonic charts when I am home. I really wish I could be free to blog again ... and want to write about DSonic ... the super-sonic counter and how they trapped those retailers.

Do join my stock-watch and to check on what stocks I m trading.

contact : cpteh@yahoo.com

TEH

Monday, April 14, 2014

Market Talk : Trading Futures

Monday ... 5.50pm. Short day-trading on Myeg and Unisem were ok ... but DSonic-ca is an ouch. See how my PJDev will work tmr ... and might sell off Fajar(bought last week at 0.62).

I am stranded after class ... as it is raining. Yeah ... dis-advantage of riding bike. I shall wait for a while ... and do hope to be back home ...

FCPO jumped up today, carving a smile in me ... after the sweet victory by Liverpool. I still hv a long at 2606, now about 50points in profit ... but paper-gain is not gain to me. I should know ... FCPO is very volatile. One can lose all and more the next moment. Same as Liverpool ... they are leading but not a champ just yet  ... another important game vs Chelsea. Winning all the remaining games, that is superb showing ... after 10 consecutive wins.

So, never count our chickens before hatch ...

I will post MyEg chart ... what a dive. No thanks to the 'news' that they won't be getting the GST. Well, it was strong uptrend ... anticipating good news about GST ... no need to ask about valuations ... they keep pushing it up for retailers to fall in love ... one day, it will dive, anyway.

Property in play ... checking E&O ... wow.

other than that ... I have sold most of my holdings. Too bad, some still moving higher in spite of DOW correcting sharply. KLCI really tahan well ... but I am still short term bearish. Will wish for it to dive to 1820 level, at least ... to do some shopping again.

Will also write about 8-13 system the speaker shared yesterday.

Time to go home ... off

TEH