5 Reasons Buying Rimbunan Sawit

5 reasons why not to invest in Rimbunan Sawit:

1. the cheapest plantation counter in town

2. bright prospect growth 

3. daily volume traded never been seen before

4. CPO price is on the rise - hitting RM 3,300 per tonne

5. profit margin for palm oil industry > 100%

i had predicted last week that they will hit RM 1.00 soon (they eventually did on Friday, 11/11/2011). buy as if tomorrow is too late to buy.

happy trading

:) rogue trader

Summary of The Day

Quick recap from today's market:

1. Harvest: jumped to a new 11-year high prompting Bursa to caution investors.

2. Emico: suspended from trading due to unconvincing reply to Bursa's query on UMA.

3. Hibiscus: ditto but lucky to escape with more concise and well reply to Bursa. btw, also hit new high (hope to hit higher ground tomorrow)

4. Ace-market counters performing well.

5. Many penny stocks are on the rise.

Come on join the joyride.

rogue trader :)

Blossoming Hibiscus

Quite a long break since eid-adha.

I had covered this counter earlier and I had predicted it right when it hit 0.80 mark today before closing strongly at 0.765.

I heard rumors in the market saying that Hibiscus is in the same ball game with Harvest.

Well, penny stocks are on the rise. This is going to be very interesting.

rogue trader :)

Crisis Talk

good morning. or it is not that good eh?

greece's PM stunned the whole world yesterday with his decision to put the rescue deal to a referendum. i'm neither an economist nor a qualified person to give good opinions/technical advice on the matter but the following are my views:

1. it appears to be just part of the game, a well-crafted plan among the economic powerhouses (in this case US and the Euro Zone and maybe China also plays some part). apparently, there must be some parties making huge money from the ups and downs of share markets and speculations over currencies.

2. reason being it is just part of the game: it has been a "tug of war" among the US and Euro Zone. few days earlier, they scratched their heads finding formulas, digging up their banks, pleading for help from China (this is where they come in) and yesterday, a so called country on the verge of bankruptcy, in other words defer (not to say decline) the so called "hard-fought rescue deal" for a referendum.

3. subsequently, the whole wide world went to shock, stock market tumbles everywhere (including us of course), panic is everywhere.

4. and the boys will be sitting down again to find ways out of this beautifully crafted predicament.

5. and so another cycle begins. have we seen enough of this drama?

whatever. today market is down. my picks are:

1. Air Asia (5099): as low as 3.58 when market opened. grab it while stocks last!
2. Sapcres (8575): secured lucrative RM 4bil brazilian job. it is quite undervalue and still some room to go higher.

happy trading.

:) rogue trader

My Favorites to Watch Out This Week

It is Monday. I have been waiting for the day to come after two days break. Thanks to the Most Gracious, it was a very good start for the week indeed to see my picks starting to bear fruits. :)

Okay, these are my favorites to watch out this week:

1. ENG (8826): it has been rough few weeks for this counter when they hit the rock bottom at 1.47. don't panic though, all indicators are leading towards bullish break ahead. stochastic indicate BUY, it is already on the oversold region, above the MA, it is just to good to ignore them. volume is picking up. this morning they bounced back to 1.65 before settled down at 1.60 at mid-day break. still got time to buy. anything below 1.60 is always deemed good.

2. Tebrau (1589): this counter has been consolidating in the region of .70 - .72 and has been unable to break through the resistance of .75. all indicators are positive that this counter - MACD trade at + region, bullish crossing had been formed, stochastic %K been trigger buy call (quoted from http://www.stocktalk2u.com/  p/s: thanks Quah, i agree with you). let's watch them closely. keep the finger cross for good results to be announced by mid-November.


3. Bornoil (7036): okay, few predicts that they will hit .50 by end of this week. i won't say much on this. slightly risky as it is in the region of overbought (RSI >70). but who knows? when i wrote about hibiscus last week, they still went up even they were heavily overbought. and maybe the pundits are right.


all the best to you. happy trading.


:) rogue trader

Happy Profit Hunting

Good day everyone.
Positive new from euro, market sentiment is very positive everywhere.
Can't spend much time updating blog today.
Time to focus, hit and run.
Happy hunting.
:) rogue trader

Hibiscus: On the rise

I bought the IPO @ 0.75 two months back and it slid more than 25% on its debut week. Being the one and only SPAC (special purpose acquisition company) in the region, skepticism is inevitable among the adverse risk investors. The company literally did not have any products but nevertheless, got listed and RM 235mil were raised through IPO.

Okay, I have to admit that I got no other choice but to keep my faith on this counter (I invested quite some amount of money on them :P). Slow and steady, Hibiscus were consolidated around 0.53-0.58 until last week. Finally, a breakthrough in their first acquisition with Lime Petroleum, an exploration company based in middle east. Since then, Hibiscus had seen a rise of more than 25% with heavy trading. (you may refer to http://biz.thestar.com.my/news/story.asp?file=/2011/10/27/business/9771654&sec=business or announcement on Bursa Malaysia @ http://www.bursamalaysia.com/website/bm/listed_companies/company_announcements/announcements/index.jsp)

I would say the prospect is there and Hibiscus is playing it smart by not speculating on the amount of oil reserve under the concession of Lime Petroleum Ltd.

Let's see. I believe it will fly. May lady luck smile on Hibiscus.

:) rogue trader