^V^
I hv taken profit of RM 11,307.00 in d month of DEC 07 (Thanks to Liondiv n Masteel ),unrealised profit is now stood at RM16,257.00 ^V^ My cash vs shares status is currently stood at 0.47 : 0.53,which is in healthy position, I feel extremely comfortable with overall returns of 320% or profit of RM575,006.50 !
What I did in Dec 07 :-
I hv taken profit on Masteel at 1.61 with profit of RM7,747.00 .
I hv also taken profit on Liondiv at 2.07 for 20 lots with profit of RM5,380.00.
I hv swap 35 lots of engtex @ 0.695 to 50 lots of ECM at avg cost of 0.852.
In d same time, I also bought back 5 lots of liondiv @ 1.89 & 9 lots of Mahsing @ 1.82.
As it can be seen from d attached pictures, I queued to buy masteel at 1.65 this morning, unfortunately nothing is done ^V^ luckly I managed to get 10 lots of Hiaptek @1.94 , as expected, demand of steel is going very strong with another 20% hike in steel price, We will see another 15 to 20% upside potential for steel stocks to rise in d coming months.
Hiaptek has been hanging around 1.80 to 1.95 for quite some time since Oct 07,its year high is around 2.40+ with bottom support at 1.75+ , seems like steel stocks r gonna to be d next theme play, with d huge volume traded by Hiaptek today, I am confident that there will be another 20% rise for Hiaptek.
In term of value n PE , Masteel is much better than Hiaptek, just that i cant overcome myself for buying something which is 20cts higher than what I sold..ha ha I rated Hiaptek as a trading buy for short term from now till 28 FEB 08.
From d Macro economy point of views, RMB will appreciate further with d tighthen monetary policy imposed by d chinese gov , thus, Asia currencies will follow also even without any int rate cut by d FED. still d same old story, Asia stocks r highly bullish in 1st qtr of 2008 , hold on to yr existing shares till 28 Feb or date announcement of d coming GE whichever is earlier, after that, sell n minimise yr holding ^V^
Happy trading ^V^
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