Still haven’t come up with a method of detecting stocks that can fly to the moon, but I just wanna post on what I have been looking into so far. Before I do that, I have posted up my trading tools in the sidebar. As you can see, I get my data from bizfun and use Metastock to view the charts and screen for things like price movements, trading patterns etc. I also use icapital for their great research and get a feel for what good companies there are out there. For company balances I get my data from klsetracker and put them into my spreadsheet to produce company scores. However, I also read company reports themselves if I wanted to look deeper into a company.
One of the things I want to look out for is a “catalyst” - an acceleration of the company’s fortunes due to some change in environment, technology, or regulation. If I can identify a company in that situation with a stock price that has just broken through a recent high on volume, then I can be pretty certain that the market is reacting positively to these events (and there might even be some pumping going on) and I can just hope on for the ride.
Unfortunately I haven’t come across one since started looking. But I have come across a pretty good company in the form of Kotra Industries. As you can see from the scorecard, this scores an impressive 8, and has a PE ratio of around 10 which is quite good value. However the stock trades on relatively low volume despite a modest surge following the approval of its promotion to the main board. According to its company report, Kotra beefed up its marketing capabilities heavily in 2006 and has invested in additional manufacturing capabilities. Therefore is expenses have increased and it is not expected to continue its impressive growth rates. I think the catalyst may come if it manages to pull another sales coup (it did win a long term contract manufacturing engagement with a multinational last year), so I’m keeping this on my radar for now.
bro, for the klsetracker, you use the free service or subscription based one?
Bro, for klse tracker, do you use the free service or subscription?
I use the subscription service. It is possible to survive on the free service but your data will not be adjusted for actual changes in the KLSE (delistings, mergers etc). Over time, you will find that your folders will actually contain more stocks than what is in the KLSE index since the free service only adds new counters. If you don’t care about that and you just want to look up prices then I think you should be fine to use the free service, but if you want to do more like run stock screens using metastock explorer for example, then I prefer not to have dead stocks in my folder otherwise I get too many results.
thanks, bro