Canon Ball News on 19/11/2015 – Why FBMKLCI didn’t ROCKET???

 The minutes of FOMC meeting on October had indicate that FED’s are ready for a rate hike on December. US market had rallied after then, could this an indication of the market are ready for a rate hike? Well, we believe it is still too early to conclude anything and close monitoring is important at this stage.

US market had rallied last night while European market and East Asia were having rallies but WHY IS FBMKLCI NOT HAVING RALLY? We saw RM had strengthen today but it is worth noting that FBMKLCI is not having rally today which is not align to most of the market. Other than Malaysia, we found that our regional market such as Singapore, Thailand, Philippines and Taiwan are not having rallies. WHY? Well, Big Canon is not sure why as well, however IT IS IMPORTANT TO KEEP MONITORING and BE AWARE!!!

Other than the 2 issues mentioned above, there is another issue that worth noting is the total shares traded today. The total shares traded today is 3.425b shares which is the highest after August 2014. HENCE, BIG CANON WOULD LIKE TO ISSUE STRONG WARNING HERE! IT doesn’t mean the market will drop immediately but THE RISK OF GOING DOWN IS HIGHER NOW, PLS TRADE WITH EXTRA CARE AND SET UP A TRADING PLAN and FOLLOW THE PLAN STRICTLY. A PROPER RUN ROAD PLAN IS IMPORTANT WHEN THINGS ARE NOT RIGHT.

There is not much stock to highlight recently as we are now spending most of the time doing study about the quarter results and digging GEM through it. U may PM us and justify to us if you think U found GEM.

An update on Our Position by 19/11/2015:

Entrance Date: 3/11

D&O (ST) 

Cost: 0.39/ Expect 0.43/ Anticipation: 10%/ RUN ROAD: 0.395/ Closing: 0.415

Kaboooom! Harvest after hitting our TP!

Harvest: 75% of our position

Tomypak (MT)

Cost: 2.45/ Expect 2.80/ Anticipation: 15%/ RUN ROAD: 2.88/ Closing: 2.95

Kaboom! Harvest after hitting our TP where it give another 3.6% or 10c for consolations!

Harvest: 75% of our position.

Entrance Date: 6/11

Solutn (MT)

Cost: 0.40/ Expect 0.45/ Anticipation: 10%/ RUN ROAD: 0.41/ Closing: 0.425

Kabooom! Harvest after hitting our TP!

Harvest: 75%

That’s the position that we have harvest but there is a bad call where we have still yet to dispose.

Entrance Date: 5/11

Opcom (MT)

Cost: 0.845/ Expect: 0.90/ Anticipation: 5%/ RUN ROAD: 0.78/ Closing: 0.84

Harvest: No

Entrance Date: 18/11

OCNCASH (ST)

Cost: 0.42/ Expect: 0.465/ Anticipation: 10%/ RUN ROAD: 0.40/ Closing: 0.425

Harvest: No

KIANJOO (LT)

Cost: 3.33/ Expect: 4 / Anticipation: 20%/ RUN ROAD: 3.20/ Closing: 3.39

Harvest: No

May all the HUAT be with us!

Regards

Big Canon Finance

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Disclaimer: The content on this site is provided as general information and for education purpose only which should not be taken as investment advice.