財經雜誌的公司專訪

今個星期，無聊在家，翻閱財經雜誌，發覺有趣現象－究竟雜誌內的公司專訪用意何在。是公司付錢的廣告，還是editior失手，將表現一般甚至痲痲的公司推介給讀者。

謀雜誌介紹x8x，自己看完兩三次，可能理解力有點問題，都不能掌握該公司的好處。該公司最近有新電影產品推出。據作者的理論，同業在國際電影市場非常成功，所以其新產品的發展空間非常大。由說若成功的話，可以與美國大公司看齊。總之就非常正面樂觀。

該報導最令人失望的有兩點。第一，沒有具體介紹新產品可能成功的地方。自己就對該電影產品非常有保留。同一個主題的電影已是十多年前的事，雖然當時非常成功，但原有的觀眾可能因年紀長大以改變品味。亦看不出吸引新觀眾的賣點。

第二，報導內雖有過去幾年業績的loss，但亦無具體的分析。簡單來講，上星期收市市值達6.2億。但資產只值1.7億（於06/9/30),又看不出實際營利有多大貢獻。自己就覺得非常不抵買。

財經雜誌要建立長期讀者非常不容易，各editior小心控制文章水平。

Warrant - Watch Out

It might be my mistake to predit the market dropped last week and purachsed the put warrant too early. It eats up most of the profit that I gained since the launch. However, I will still wait and see whether the 3697 will rebound.

Next week I will buy 10000 shares of 2600 if it reachese 8.

Lazybone!!!

Apparently, I am too lazy to write. Anyway, let us first review our results. One thing to note, the virtual portfoilio is not allowed to borrow. Thus, there are two typos in my last 2 blog which over bought the no. of shares of 2600 and 941. The correct no. should be 10,000 and 3000, respectively, instead of 100,000 and 30,000.

The strategy for next week:

The market is so rocky. We will wait and see the results of 941. I expect the 941 profit will be up for 15% this year. 941 will be sold if it reches 74.

We will also plan to purchase 3497 if it hits HK$2 for 30,000 shares

Time to buy

The market dropped 777pts yesterday and rebound almost half of the loss today. Based on the strategy setted on Sundary, we had executed all the following orders

#941 30,000shares @ HK$71
#2628 100,000 shares HK$19

Though today closing price of 941 is still far below our entry price, we can wait and see. We will sell 2628 if it goes up to HK$23 and 941 for HK$76

Strategy for the week starting March 4, 07

The timing is so coincident that the stock market adjused for more than 900 pts (or 5%) right after my first blog which indicated the market was extremely overheated.

Perphaps, it is time to purchase the stock if you dont have any on hand.
Something that I need to clarify first. The transactions posted last week is for a virtual protfolio. Assuming that there is HK$1m cash. The portfoilio performance at year end would compare with the market. For the ease of calculating the performance, the idle cash on hand is interest free.

For this week March 4, 07, I am pretty cofincent that the market will remain stable. The following orders will be executed if the price matches,

#941 30,000shares @ HK$71(the share may hit its short term bottom and rebound.)
#2628 100,000 shares @19 (having considered the growth potential and current market siutation, the purchase price should be below 19 for medium term holding)

HSBC is the favourite stock of quite a number of investors. We will take a look on its 06 result later this week.