I vested in this company Citiraya for quite a while before the CIPB came knocking on their doors. It was a darling stock at that time. After the dust settle, the new management changed the name to Centillion and revamped the structure. It is now slowly coming back.
Ever since it was "re listed" in Oct06, it was mostly hovering at $0.15, once going down to $0.11. From early Jun 07, it raised to a high of $0.22. To me, the business model is a sound one and most importantly, a profitable one. Basically, Centillion clears waste from PCB and IT manufacturers. From the PCB boards, they retrieve the gold treads and sells the gold.
Anyway, I believe this is a good company with a new management. Moreover, Temasek and Oei Hong Leong also vested in this company. Thus, when Centillion slowly drops to $0.195, I see that as a resistance and bought 10 lots. Till now, it has been hovering at $0.195-0.21. I see the potential of this stock to go to $0.3 in a couple of months time. My stop loss is $0.16(~20%). So lets see how it goes. I will be back to close this when I finally sells this stock.
Wednesday, July 4, 2007
My Jasper Investment Trade
I started looking at Jasper Investment when it remained in the top volume for many days. Though it hovered around $0.025-0.035 for quite some time, the volume transacted each day was still significant.
Fundamentally, I must admit i did not do a lot of research but I do know that its earning has increased and the company's plans is blossoming.
There is not much TA to be done as the price is quite stagnant. Thus, when the price dropped to $0.025, I bought 50lots. I intend this purchase to be a short one as I hope and believe it will behave like what it has been behaving for the last 1-2weeks. My target is just $0.03 and my stop loss is $0.02.
I was rather disappointed as even thought the price is at $0.03 some of the days, the sell queue was too hugh and I never got the the start of the queue for each time. But to my relieve, my sell trade was transacted, making me a small profit of $190+. Though this is a small amount, it is a 15% return for 2 weeks of waiting. I have traded a small amount for this stock as I have not gained enough knowledge about this company and was only basing on the volume and the small trading band.
Overall, though I have made a good choice in trading this stock, I will not be doing such trades much as I believe in trading in good quality companies.
Fundamentally, I must admit i did not do a lot of research but I do know that its earning has increased and the company's plans is blossoming.
There is not much TA to be done as the price is quite stagnant. Thus, when the price dropped to $0.025, I bought 50lots. I intend this purchase to be a short one as I hope and believe it will behave like what it has been behaving for the last 1-2weeks. My target is just $0.03 and my stop loss is $0.02.
I was rather disappointed as even thought the price is at $0.03 some of the days, the sell queue was too hugh and I never got the the start of the queue for each time. But to my relieve, my sell trade was transacted, making me a small profit of $190+. Though this is a small amount, it is a 15% return for 2 weeks of waiting. I have traded a small amount for this stock as I have not gained enough knowledge about this company and was only basing on the volume and the small trading band.
Overall, though I have made a good choice in trading this stock, I will not be doing such trades much as I believe in trading in good quality companies.
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