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571 up 6% at $1.30

571 is fueling up and taking off. Hopefully it should reach the moon within 2 months.

Hot money on the other hand is flowing in, pushing up the HK dollar. HSI is rising steadly. Transaction volume of the tracker fund is high. All these events reinforce the idea that HSI will be rising even more. 

Government official is publically telling people not to fry properties but to invest into the stock market. 

Source from Appledaily http://hk.apple.nextmedia.com/realtime/finance/20121105/51130118

I believe this guy is telling us some inside information. If history is to repeat itself, all one need to do is to follow the government policy.

Huge volume today and stock price only up about 6%. I am surprised it takes that much volume to push this stock up so little. Maybe this is due to sellers from earlier failed up or price movement is controlled by the new CEO of the company rather than old Mr Lam.

Not that it really matters. The below is the mid year annual report released last night. It does not really matter because the good numbers here is just an excuse to push the stock price up.

OVERVIEW OF FINAL RESULTS 

During the year under review, the business delivered an encouraging set of results underpinned by a steady 

improvement in the media and entertainment business as well as the gain on the bargain purchases of the additional 

interest in Lai Fung. 

For the year ended 31 July 2012, the Group recorded a turnover of HK$702.2 million (Period: HK$316.3 million), 

representing an increase of 30% over the pro-forma annualised turnover of the Group for the Period.  

Profit from operating activities was HK$1,041.0 million (Period: Loss of HK$154.5 million). This is dominated by 

the gain on the bargain purchase of the additional interest in Lai Fung through the open offer of Lai Fung.  

The Group recorded a share of profits of associates of HK$99.1 million (Period: HK$35.9 million) which was 

mainly attributable from Lai Fung for the period from 1 August 2011 to 11 June 2012. The Group’s share of profits 

from joint ventures was HK$8.9 million (Period: Losses of HK$9.5 million). 

As a result, the Group recorded a profit attributable to shareholders of HK$1,161.6 million (Period: HK$524.5 

million).  

Shareholders’ equity as at 31 July 2012 amounted to HK$7,997.9 million (2011: HK$6,837.5 million), bolstered by 

the strong asset base of Lai Fung after consolidation of its accounts. Net asset value per share attributable to owners 

After a long long wait the stock finally make some moves today with approximately 2m shares volume and up 5% to $1.08.

I don't know what is happening I didn't check the news. Probably nothing happened judging by the rise pattern and volume. I would expect much more than 2m shares traded if this is a big move. This could be just from some people decide to use a tiny bit of money and give it a little fry. 

The long wait seems to be paying off now. It is still lagging behind stocks like 887 but should overtake later. 

ESun $1.00 up 0.04 this morning. It is catching up to the QE3 effect. So I am sticking to my discipline i.e. no buy, no sell, just hold. Wait for at least $1.5 and see if I get more lucky.

The Fed announced QE3 last night. Dow jumped 200pts. APPL shares up $13 after the release of iPhone 5.

HK shares open sharply higher. Let's see if this should really keep up. In all previous QE cases market had continued to push up significantly for long period of couple months. 

My 571.HK is lagging a lot compare to the other stocks like 3800.HK. It is very tempting to jump and switch. I know from the many lessons I learnt that this would only lead to lesser profit. 

If the market should rise continuously over the next couple of months. Then 571.HK would definitely follow. In the past, hanging onto a lagging stock would win the same amount of money as trying to switch and follow the winners. 

We have many number here just like horse racing or stock pick. It is easy to discard the rubbish stock. To be honest I think most of the candidates are also pretty rubbish. So picking the good ones should be easy. But maybe because we are in a bear market, there aren't many good stocks.

Today received a lot of stuff in my postbox. Not only the usual candidate leaflets but finally the government election package. Oh one more thing, number 11 See Down man's leaflet finally appears in my postbox.

I have been wanting to find out more about No. 11 Mr Ho Kar Tai (See Down man). I couldn't see any street banner from him. He is one of very few people people who support my view to oppose certain government policy but without being rude or violent.

Geographical Constituency

This would be the first time in my life voting. I would like to choose See Down man but seems he is not very prepared. His application form is very rough. No banners might mean he didn't do much organizing. Ummm need to think more.

Functional Constituency

For the functional constituency I can't really pick anyone I like. So the best I can pick is probably No. 803 Peck Wan Kam Pamela. 

In question

No. 13 Lau Kin Yee, Miriam is someone I see on TV a lot. I don't particularly like or dislike her. She is non violent and seems ok. I don't know. Maybe I keep her in my pocket just in case.

Price dropped a little bit in the last two days. The lowest it ever reached today was 0.92. Someone sold 300K of shares which isn't much. By the close somebody else finds it too cheap and bought it back to 0.95.

So is it still worth the wait ?

Looking at the chart, 488 is still up there and 571 still lagging. Not much had changed since last few months and seems 571 need more time. 1-2 months ? Don't know. But I think it would eventurally follow.

The stock market overall is rising. You can see 1.HK Cheung Kong is much higher than 3 months ago. Many small stocks had also moved up. All except our 571 ...

However I am still confident with 571. It had dropped a couple of cents but with very low volume. These are due to some people who gave up on the boring ride. 

Again it is a test of temperment. He who can ignore the boring ride and eat the pain shall win. Let's wait a bit more.