Sold Insas @ 0.57 today - 14th December 2010

I just sold my Insas @ 0.57, which I hold since 12th August 2010. Seeing the upside is pretty limited despite the increased volume and share buybacks, I decided to take profit on Insas and reinvest in another counter. The gross profit from Insas stood at 14%.

Touching a little on TWS. Since my entry on TWS last month, it has risen rapidly and hitting a high of 5.80. I'm still holding on this stock as I feel there is still much upside and good earnings to come.

On the NYSE, my Citigroup (C) is doing very well too. It has surpassed 4.80. Sweet !

Genting led KLSE to win again

Genting surged over RM1.00 in just 2 trading days. It's amazing how the KLCI is so dependent on the top 30 blue chips in KLSE.  The rest of counters could be having free fall but all that's needed is a few top heavy weighted counters to go up slightly, it will pull the index to green, at times very green.  KLCI is such a lousy market sentiment indicator since the change, unless of course you are purely a blue chip investor.

It's interesting to note that Genting SP is getting a Target Price (TP) of SGD2.00.  Nice but I have no position in it unfortunately.  Gratz to those Genting loyal investors.

However, INSAS is up by 0.01 today.  KFIMA did well today too.  It's trying hard to break 1.20.  Didn't manage to get anything new today though.

Friday the 13th but a good day for KLSE

Today is the black Friday but KLSE seem to be benefiting from it.  Primarily driven by Genting, the top gainer of the day, a whopping 6% gain, due to Genting Singapore released of a very nice quarter earnings.  KLSE ended up 10pts today.

Insas gained 1cent today with a moderate volume, ending at 0.51.  It's still looking good.  Have to wait until next week before I can move into other counters.  Still hopeful for another 1 or 2 days of bargain hunting next week.

Kumpulan Fima (KFIMA), one of the counter that I hold since last year, seems to be surging of late.  This is one of my best performance counter.  Surpassing 80% gain since I bought it and not rushing into selling it.  Potential for growth is still very much there.  Low PE with steady profit.

Let's see how well DJ perform tonight.

Bought INSAS - Aug-12-2010

Today KLSE suffers a 10 points drop in the morning, most counters were down then.  However, it managed to recovered quite a bit to end slightly in the red.

I queued to buy on several counters but only managed to get one of them.  So close on the rest.
The only one I got was INSAS @ 0.50.  It's for short term play, but not contra.

I'm hoping for another bargain hunting day tomorrow.