Its obvious that summer holiday is coming soon in United States. I just google around and found out that their summer holiday start 22 June. So what so important about that? Refresh back with the news on FED on QE. Since news about tapering QE probably starting from this Summer announced, stock around the world start to decrease in fast pace.
Although today we saw various market start to rebound but how long can this last? Thinking again and again, I plan to lock in my profit so I sold some in my portfolio namely CBIP, Prestariang and Cscstel. I just don't feel safe without cash on my hand since there may be bigger opportunity soon. The stocks I sold may rebound and increase in future but I think securing my capital is more important since I need more cash to wait for cheap sale.
Now its only left Panamy and Supermax in my account. The reason of not selling this two counters is because Panamy going to have Rm1.72 dividend in September so I think will have some support while Supermax is already suffering paper loss. The last experience of selling a loss counter make me very regret and ever since, I don't like to sell losing counter. I will keep Supermax to remind myself of important to look on various perspectives before buying stock again.
Friday 14 June 2013
Thursday 6 June 2013
Mistakes?
After two weeks of selling Prestariang, I never expect it will continue to shoot up. With heavy selling pressure everyday, it turns out that EPF become the saviour and the major shareholders. I always wonder who will manage to absorb those selling pressure. I believe EPF that has continuous cash flow will push up this counter so that they manage to pay higher dividend to the EPF holders.
On the other side, Supermax is getting higher selling pressure as well. Ever since the boss stand up for PKR, EPF is selling down and stop becoming the major shareholder. I also wonder who are the person who bought those shares since no announcement about who turn up to become major share holders. If it is the retail shareholders, it will be hard for Supermax to maintain its share price since retail shareholders usually hold shorter duration compare those institutions. Since MERS is still around Saudi and infecting more places, I believe glove counters will benefit from this disease although I hope it will not spread since its very deadly.
Less wait and see, the difference between this two counters. It will be interesting to see whether there exist any difference when EPF enter or exit. Today I also bought in CBIP clearing all my cash and I am 100% in stocks again. Although FED always threaten to stop QE, I believe those weak US data will force them to continue or create new move. Macroeconomy factors are always hard to predict so just look at the fundamental of the company and stay with it as long as it earning money.
On the other side, Supermax is getting higher selling pressure as well. Ever since the boss stand up for PKR, EPF is selling down and stop becoming the major shareholder. I also wonder who are the person who bought those shares since no announcement about who turn up to become major share holders. If it is the retail shareholders, it will be hard for Supermax to maintain its share price since retail shareholders usually hold shorter duration compare those institutions. Since MERS is still around Saudi and infecting more places, I believe glove counters will benefit from this disease although I hope it will not spread since its very deadly.
Less wait and see, the difference between this two counters. It will be interesting to see whether there exist any difference when EPF enter or exit. Today I also bought in CBIP clearing all my cash and I am 100% in stocks again. Although FED always threaten to stop QE, I believe those weak US data will force them to continue or create new move. Macroeconomy factors are always hard to predict so just look at the fundamental of the company and stay with it as long as it earning money.
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