Current Portfolio

Up until now, its been 9 years since I got into this business, its been that long and looking back behind make me want to give up entirely. Unfortunately I still stick on trading and slowly my account tell me to stay.

My account show growth of 8.02%, but that’s not all, actually the growth around 20% since October last year. Many might say its easy to get this kind of growth and that number is insignificant. I agree its not significant, but I’ll stick with my plan to hold great companies and sell bad companies.

IHSG 26 April 2016 Analysis

Enough with portfolio, today I present you with IHSG chart, as you can see currently we have bull leg challenging 4,900 and perhaps 5,000 later. I’m sure that level is strong medium term level, but if you ask me where to watch, I’ll suggest to look at 5,200. Why? its all about demand and supply shown in the chart.

Let’s talk about September – October last year, both months was one of the best time to bought positions in IHSG. Why you ask?

1. 5,500 to 4,000 was nearly 30% decline in other word 30% discount.
2. Market rarely break thousands level consecutively
3. Chart show there is support from AUG 2013 rally
4. Strong country fundamental

I’ve been waiting for it to happen while enjoying my parents nagged me to quickly buy a position before that time Lol. (Now I’m advised to sell my positions, I said okay I’ll think about it).

Position Review

While its important to look at IHSG, its also important to review each companies one by one. Here is my quick review:

• TINS – still good to hold, TIN price moving up since last month. If price keep moving higher, we can see TINS near 1,000
• GIAA – we are near holiday session, I don’t think garuda will be left out alone, and oil price still low.
• KLBF – 3 weeks ago buyer came into market, if they give up price should already come back to burst level.
• CTRA – this one only bonus deviden stock, plan to hold forever
• PGAS – very long term trade, bought level already good, if go lower will buy more. Government owned, we are slowly change oil usage into gas.
• SRIL – Heavy labour company, I need to make new analysis again, neutral.
• LPLI – Not really sure with this one as this is minor part of portfolio where I need to reconsider selling at BEP
• SMCB – Last week spike show someone want to bring this up, cement industries affected by oil price, oil still low and this is good for companies. I heard many foreign companies want to build factories in Indonesia. This is good too.

ECB will have meeting today, my advice just wait for news and see long term price movement instead of short term impulse.

That’s all for today, let’s back to trading.