Digi: Is this a Solid Beginning for 2012?

Two false starts. That is what happened to Digi when trading resumed during the new year. On 3 January, it touched RM3.89 before falling back to RM3.81.

Ibex style

Then yesterday, it went out bungee jumping without a rope after touching a new high of RM3.95. Then is lost its pants to close at RM3.79.

Today, it started more somberly. Every step it took was more sure footed like a mountain ibex. From a good 2 sen start at RM3.81, it is now hovering at the RM3.85 to RM3.86 divide.

By day's end, Digi touched RM3.88 and sat there prim and proper with a 9 sen gain.

Time for Myself

This year I have set time for myself.

From Monday to Friday, it is time for myself. To do what I want and to fulfil family obligations.

This year, I have to chart a path for my son's tertiary education and to support the growth of my daughter's career.

This year, I intend to do local travel before proceeding beyond the national borders.

This year, I intend to read more of the Bible and through it to know more about myself.

This year, I intend to see more of my parents.

As for Saturdays and Sundays, I devote these two days to teaching the students who are still under my tutelage.

As for the stocks, I must practise patience for good entries and exits.

Easier said than done but I must attempt to ensure there are more hits than misses.

Berjaya Foods: Defreeze?

A Gathering Storm

In slumber mode for a long time, Berjaya Foods finally reared its head. It started gathering buyers and there was an apparent push to RM1.05.

This is a good start for the new year given the rights issue must be completed by the first quarter of 2012.

To make the rights attractive, Berjaya foods must be sprung to at least RM1.30 to ensure full uptake.

Roasty Flavour profits

I am sure this counter is well controlled by some majority shareholders given the long dull period of inactivity which is so convenient for them to collect the stock.

Frappacino

If the buying trend does not subside, expect action on this counter. Maybe some angpow for you to spend by 20th January?

Is this an uptrend indicator?

Digi: The January Defect?

When global news turn positive,punters will play up stocks-especially day traders who will square off their position by day's end.

New benchmark at RM3.95

Also, this is driven by the more than anticipated January effect. Fund managers will have been given their war-chest to play into stocks to spin profits for their stakeholders.

And so it seems.

Yesterday, market went down marginally but today, it took off whirl-wind like pushing stocks to high heaven. Look at Genting, massive non-stop punting push the stock to beyond RM11.32. Similarly Digi shot up to no man's land of RM3.95. And then the sellers arrived to profit take all the way down until crimson colour rules these stocks.

Digi finished lower by 2 sen to RM3.79 while Genting was pruned by some 10 sen to RM11.14.

I go up, I go down

The bigger boys also had their gains trimmed such as BAT, Dutch Lady,KLK and Nestle.

Lousy day for trading. What January effect....more like a maddening January defect!