Tuesday, January 30, 2007

What's in a Name?

2 weeks ago, my Property Agent, Patrick came and sit infront of me in my office.

He saw my eyes were on the computer screen and knew what I was watching.

Patrick: MI, my friend told me to buy 'Satang'!

mama: What the heck is 'Satang'?

Patrick: He said the company obtained HUGE contract from the government!

The sucker that I usually am, automatically keyed in "Satang" on the search column and saw the stock being traded at RM1.14/RM1.15

mama: Contract with the government is one thing, can collect payment or not?

Patrick: If YOU don't believe in the government, who else will?

mama: I don't like the companies' name. I don't understand what it means!

When you are fully invested in a running market, you get very anxious and jittery, and tend to find every possible excuse not to commit to any new purchase unless you have the chance to switch.

Today the counter trades at RM1.55. The chart shows that it's at the verge of a breakout.
The Target Price?
I don't know.
I'm too shy to ask Patrick to ask his friend to ask his friend's friend to ask his friend's friend's friend.......

What does it mean?

It means that I've foregone the opportunity to gain 40sen profit which translates to RM400.00 per lot.
I usually keyed in my trade at a 10 lot basis,
It's a cool RM4,000.00 in 2 weeks, flushed down the sewer,

just because I don't like the name!

10 comments:

Kak Teh said...

tak apa, tak apa..mungkin rezki lain kali lebih dari tu and when i go back in march boleh belanja roti kaya and teh tarik.

mama irma said...

Kak Teh,
Ye ke nak balik March ni? Nak organize KTFC (Kak Teh's Fans Club) get together?

Kak Teh said...

mama irma, dont laaaa..nanti satu saja turn up! email me and I will call you. For a split second I thought KTFC was Kentucky Fried Chicken...

mama irma said...

Kak Teh,
OK, I'll be happy to, InsyaAllah.

hjghaz said...

Mama Irma,

Tak untung tak pe.
More important tak rugi!

But to Imran RM4,000- means
2 DOPODs.......

But still long way to go before 23rd Feb.......lots of winners there...like ANCOM n(its Warrant)
on weakness. All the best

mama irma said...

hjghaz,
Tak reti main warrant lah! The mother share can or not? You want to push to what price?

Dopod so cheap, meh?
I saw at One Utama sold for over RM4K!

hjghaz said...

Mama Irma,

The DOPOD I saw was quoted in Web.
Underwater kot...

Fundamentally..Ancom PE is 3X last Qtr result. Good turnaround story...relatively small Cap Warrant ex-price RM1- more than a year to expiry..
Downside risks very low.
100K warrants not more than yr pocket money lo....

mama irma said...

hjghaz,
Wah, so promosi one!
Make sure you are not the Chairman or the Executive Director,OK, don't want to share story with martha stewart!
Thank you.

Kia said...

mama irma, saya jalan2 terjumpa blog mama irma. kagum dgn mama yg very active trading in stock market. hope can include me in ur community. thnx.

mama irma said...

KiaCarens,
Nope, don't have any community. Infact, if you notice, most stock market investors are an unsociable lot, it's them the ticker and the broker.
I am a Victorian too, 1975-1976!
Happy trading!