Buy @ $1.205
Fears when market opened, spread from US where bombs were set off during Boston Marathon. Fears of terrorists becoming active again. STI managed to recover and closed +ve, unlike HSI & Nikkei. 😀
Saizen @ $0.199
Buy @ $0.199
Over the weekends, realised that ASM Fund (Kin Chan & V-Nee Yeh has deemed interest) was selling at $0.1904 on 4-Apr. So, very likely, they'll continue to sell down their stake even at current prices. Never mind, continue to add to my collection and hope for the best! Added fears today is N Korea missle launch, everything looks slightly cheaper now. 😀
Genting SP @ $1.44
Buy @ $1.44
Finger itchy, went to Jump-Q at 5pm when I see many sellers at $1.44. Starting to see many negative analysts' reports due to their bigger than expected Impairment Loss (Gamblers on Credit who'd run away – China nationals are almost impossible to bring to court due to non existence of extradition agreement with China) + Higher Trade Receivables (Gamblers on Credit not yet paid). Looks like another stock turning into long term… 😀
Popular Hldgs @ $0.285
Saizen @ $0.205
Buy @ $0.205
Average up my $0.188 ones to do short term bets. Yield = 6.44%. Recent surge is largely due to positive reaction to news that Japan intends to print money freely, following the example of USA. In the short term, this has caused Yen to weaken but the expected longer term benefit is a recovery from their decades long deflation. Next DPU payout will potentially be lower.
The optimism in share price (hit a high of $0.23) is however being negated by the continuous selling by the ASM funds, which are managed by Kin Chan / V-Nee Yeh, who're also the controlling shareholders of Saizen. Lowest price they sold at, is $0.2097 for 2,829,000 shares today. I was hopeful their lower cap would be $0.215 based on yesterday's data but now, it looks like they may even sell at $0.205! Looks like my short term punts are going to turn long term soon…:D
STX OSV @ $1.245
Sell @ $1.245
Contra off my recent ones as some are due for payment. Could this be the indication that Oz is finally done with their selling and is gone? Only time will tell. Am left with mostly long term ones but can also sell these on the way up as I see this as a risky stock to hold as I'm still not sure if their down cycle has hit the bottom. Can also buy more if it drops as I've cleared most of my short term ones. 😀
Popular Hldgs @ $0.285
Buy @ $0.285
After being tricked yesterday into buying at $0.29 during 5pm matching, I don't dare to try my Jump-Q routine anymore. Many sneaky players aro' these days. As there were less than 100 in Buyer Q in AM, I decided to put some in Q. Finally got done in late afternoon and by then, the Buyer Q has swelled to more than 700. Put my faith in Mr Chou's buying, add back to my collection. 😀
HLFin @ $2.80
Popular Hldgs @ $0.29
Buy @ $0.29
Missed the selling at $0.285 and tried to do a Jump-Q at 5pm but not successful at the last minute. The consolation is Mr Chou had been buying at this price recently under his wife's name. But, his pocket may not be as deep as the Share Buy Back Program (last cap observed at $0.26) and this $0.29 support may not hold.
Anyway, just follow his optimism… Perhaps he's negotiating to sell 8Raja enbloc to someone like Peter Lim (eg. WingTai chairman is selling his Nassim Road GCB, perhaps he need a new place for his dynasty..). Joking only hor… 😀