24 July 2013

Patience is important in stock market which is what i learned from today's trading. there are plenty of stocks that look good for trading but the real money that can be made is from the counters that run up near to the closing session. Besides patience, one also needs to be decisive especially in selling stocks. never hesitate to take profit and especially cutting loss.

In the morning, sersol opened 2 bids above yesterday's closing price. I did not hesitate to sell it there and keyed in before market opened. all sold at the highest price of the day. it mingled around 0.4 but went down sharply at 10am to lowest of 0.33. at 3pm, it jumped from negative back to 0.415 but retreated shortly back to close at 0.375. TDM opened 0.02 down at 0.95 and went to the low of 0.935. it came back up to 0.96 but retreated to low of 0.925. after 3pm, it ran up sharply from 0.94 straight to 0.98 in less than a minute. it then went up to 0.99 where my colleague bought 50 lots. after it touched 1.0, a few more of my colleagues bought additional 100 lots at 0.995. it went to 0.98 at 4.30pm and again to 0.975, which is unchanged. it mingled there but closed at 0.97 where my colleagues sold all their shares. 20 minutes before closing, sumatec came up from 0.325 to 0.335 where i started to monitor the counter, while the warrant went to 0.18. i bought 50 lots of sumatec at 0.345 and it steadily went up to close at 0.365. the warrant was strong and closed at 0.21. the counter's previous high was 0.35while the warrant's was 0.18. lastly, i bought knm at 0.475, just 0.01 above yesterday's closing. my colleague saw the counter earlier and suggested that it hasn't moved yet. i saw the queuing of buyers and sellers at around the price i bought. the volume was also decent at 3000 over lots traded. I hope they will push up the counter soon but even if they don't i will not be losing so much of my capital. Redtone started the day at 0.68 while its warrant opened at 0.54. it went up to 0.805 right before lunch and stayed there while its warrant went to 0.565 at lunch time. at 4pm, the counter went to 0.85 where i bought 20 lots to try out. it went down to 0.84 at closing where i sold my shares. its warrant was traded at the high of 0.59 but closed at 0.58. 

kinstel was quite strong in the morning after news that the company won a contract. it went from 0.28 straight up to 0.325 highest. it did not move much after that and came down to close at 0.305.  ILB was also strong today. it went to 1.85 early in the morning and stayed there till lunch. at 3pm, it steadily went to high of 1.92 but closed at 1.9. the counter i missed from yesterday was brahim. it went up 0.10 yesterday but early in the morning today, it went to negative at lowest of 1.08. at 10am, it went up to 1.16 at lunch time. after lunch, it ran up again to 1.23 but closed lower at 1.17.