Of the 26 contestants, 21 have made gains whilst only 4 are in the red. One participant has yet to perform any transactions. Currently topping the list is Rich which is way ahead of 2nd placed SKC61103 with OoiTB a place behind. At the bottom of the table is Musang Foxking with a heavy loss of more than 7K. As for the direct challenge between Hafiz and Saturn, interestingly both are incurring losses with the former just one position above the latter.
Well, that's the position as of now. Still a long way to go - happy trading !
heavyth, I suggest that you do not read too much into the report as this is just a friendly challenge. The contestants all have different ways of investing / trading - some go for long term, some medium term and some short term. Some go for fundamentally sound companies, some go for speculative counters. Thus it is advisable to do your own study and analysis rather than just simply be a follower.
inwest88, what about me me me? I bought RM100,000 worth of Datasonic on 2nd September and made RM15774.
"I would take this as my only stock for the challenge going on now. "
Datasonic thread Posted by kcchongnz > Sep 2, 2013 12:28 PM | Report Abuse X
Datasonic, A Rule breaker for risk takers.
Below is the financials for Datasonic for the last few years.
Year 2010 2011 2012 1st half 2013 Revenue, m 39.6 78.4 178.7 118.3 Net profit, m 7.6 15.9 28.1 35.6 EPS 8.4 17.6 36.85 39.6
What do you see?
Assuming an annualized EPS of 80 sen,at 3.36 now, isn't it cheap? Yeah I know. Its price has shot up by 65% from RM2.00 since 4 months ago.
Datasonic has 10m copies Mycard to issue for 2013. It is also awarded 5 year contract to supply 10m polycarbonate passport. Think about that. there is very strong earnings visibility. Most of all, it is not expensive.
I would take this as my only stock for the challenge going on now.
inwest, I was just kidding. Just to give some cheering to the contestants. No worry.
When I posted the stock Datasonic on 2nd September, I actually had the intention of joining in the fun. But later when you guys summarize the contestants, my name was not included and I did not pursue it. But more important is I actually bought it, not with RM100,000, but just 10,000 shares. That is more important, isn't it?
From what I understand (correct me if I am wrong, 1)Datasonic is one of the 11 counters in the stock pick challenge 2H which you and OTBee are the only participants after FCTB withdrew. 2) There was no mention from you to KW Tan that you would be taking in the contest for the i3 members 3) And lastly Datasonic only forms 10% of your portfolio of 11 counters.
Anyway I am not the organiser but just chip in to provide some observations. You need to obtain KW Tan's approval to be included in the contest. Thanks.
OoiTB, the status report is only after 2 weeks and everyone still has a chance to be the ultimate winner. It is indeed an eye opener to see the different strategies used by different people in that :- 1) the leader Rich mainly goes for speculative penny stocks, buying in high volume. Thus a one sen rise can generate massive profits 2) SKC761103 only put in all his money on one counter 3) you utilizes TA to pick your counters but did not invest the full amount 4) thundercat has yet to make any purchases. Probably he is waiting for a sharp correction.
Thus it would be interesting to see what strategy the ultimate winner uses.
kcchongnz, Phew !luckily you are only joking. But I am glad that you actually invested into this counter and making profits. Good for you and congratulations !
Posted by inwest88 > Sep 7, 2013 04:16 PM KW Tan, I think you are mistaken. OTB actually has 3 portfolios namely (1) one which have 10 selections made in late July / early August together with kcchongnz (2) one which is organized by you for i3 members in which he has so far purchased 2 counters which are LBS WA and Puncak WA where trading is allowed. (3) and the latest one which he picked 10 counters, similar to (1) above with 100K allocation where weighting is assigned to the different stocks. I reckon there will be no trades as he wants to know the final performance at the end of the year. (Am I right OTB ?)
I would suggest that you set up a similar simulation for kcchongnz as per (3) below where he has apportioned 100K into 11 stocks based on closing prices at 2 September (as this is the date which he picked his last counter Datasonic). This would be a direct comparison with OoiTB. Of course there is another one where both had 10 counters selected in late July / early August but without values invested.
kcchong and otb, honestly although I am very impressed with your stock picks using FA and TA respectively, I have never actually purchased any of the counters until yesterday when I entered 1) 15,000 units of Fibon at 36 sen 2) 5,000 units of KFima at 1.98 3) 10,000 units of LBS-WA at 77 sen
Probably the timing may not be quite right in view of the FOMC meeting next week but who knows !
Of course don't worry, there will be no blame whatsoever even in the worst scenario where all the prices dropped by 90%.
tony, may I ask just for curiosity - is your 30 lots 3,000 units or 30,000 units. Years back 1 lot = 1,000 units but when KLSE allowed trading to be done in 100 units 1 lot becomes 100 units. In fact many remisiers still have to re-confirm with their clients on this issue.
kcchong, just to clarify the difference between the reference price and today's closing is 43 sen (3.89 - 346). Thus 30 lots (if 1 lot = 1,000 units) would only yield a profit of 14,700 ! (correct me if I am wrong)
tony, wow Rasa Sayang, really a long long time. So I can assume you are my senior. Ya, can say I am very interested in maths and analysis of numbers. My mental maths is still quick and strong and I tackle Sudoku everyday.
inwest88, as i have said I was just kidding. The list has been finalized and I knew about that. Imagine if Dsonic were have gone down below the price I shouted, do you think I still tell you that I have the intention to join in the competition, although initially I did have that intention?
So you carry on the fun without me. I am watching.
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....
inwest88
5,628 posts
Posted by inwest88 > 2013-08-30 22:53 | Report Abuse
KW> any basis as to your choice of the above stocks. HaiO was chosen by both kcchong and otb whislt OTB also picked JTiasa and HapSeng WA