Wednesday, March 31, 2010

Wednesday up-date

Stock - had a super run on Tuesday and managed to recoup all the losses and in fact the fund's GLV was showing a profit for the 1st time of 3.8K but today....it was back to sq one. Again GLV was down by 14K by the close. WTF!!!!
The funny thing about investment is that when the market is down....almost all the shares on hand will drop accordingly, more or less. But in up market....sometimes not all will go up accordingly too. Today....all on hands dropped.....shit! and was down by 18K ( most still just paper loss - realised only 3.5+K as kena stopped out for Noble and I also sold off Global Bio-Chem becoz it just broke the support-line )

Now left with 3 stocks on hand. Henderson Inv HK0097, Alibaba HK1688, and SMIC HK0981
and with about 11+K of free equaties. Yes....now need to have big cushion to tahan any wild swing in price.

That is the danger of putting too many eggs in one basket!!!

Friday, March 26, 2010

4D for this coming Sat and Sun

No special one to think sbout....as I sit beside him. Anyway...my favorite the date of the draw as "tip".

So...tomorrow is 27/03, so may have to change one of the number and I think this set "2706" is a good I-bet for the top 3 prizes! Or....1730.

Good luck!!!

Stock Market - next week!!

Think...the whole market is looking tired and best to aviod them. For me....the best way is to slowly clear of my positions till only leaving behind my core stocks which is SMIC in HKex and Noble in here.

For SMIC....any price below HK$1 is good price esp now at 93 cts. Looking at it, it is very cheap now and for the past 3 weeks it has move up nicely and still at "1/3" it's IPO price. That for me...show that there is great potential of a huge push upwards! While for Noble...it is becoz of it's Vice Chairman who sold 1/3 of his holding that caused it's price shares to fall too but this will be a short-fall.

For the rest....eg, Alibaba, Henderson Inv, GCL-poly, Zijin Mining and Yuexiu Prop will be sold as soon as I can a nice profit for them! Then hold the proceed all in cash till the next opportunity come along to vest again.

Fri stock market - plan!

Presently my core holding stocks included SMIC : HK0981, Noble : NOBG.SI. My plan is to vest 40 to 50% of my total funding in them....then the balance 50% will be in a couple more stocks as "trading buys" and to hold as margin or cash!

At present....my holding for the core stocks is at only 20%, therefore will slowly increase the holding as to plan ( 40 to 50% ).

Why....SMIC and Noble???? Well....I find great potential for both esp SMIC! It is cheap and has a good story-line to push the share price higher. Looking at it...now
it's share price is only at it's "1/3" original IPO level therefore still has "2/3" to run. Plus....new top management and factories also running max but still couldn't cope with demand. Then, Noble...this is also a good trending stock except that now it's Vice Chairman is in need to money, therefore sell out "1/3" his holding at
S$3.10 and that made the price to "break trough". That is why...I fast hand and leg
to vest 10 lots...and looking to add more positions to my holding.

Thursday, March 25, 2010

Thu's Dow closed only slightly up!

So...most likely that the HK stock market may open higher and after a short while after the start the "lau-sai" will set in.
Dow started well....and by mid-day already up by more than 150 points then....it's start the downward struugle!

4D - Sun and Wed

No smell....so kena makan lor.

Thursday's up-date

Stocks - well, had a down day for Monday and my funding went down by 5K. Then also did do much for Tue and Wed...and with the market looking tired, had plan to do some spring-cleaning by selling my holding since the market was holding steady for the 2 days but I was kind of busy. Went to AIA and do some errands plus go watch movie on Wed. Just felt that the market is not going anywhere and no fun sitting and watching
it going thru the "cha-cha" dance steps. But things changed on Thursday....noticed the Global Bio-Chem still at the unchanged price and that the DOW also down, I made up my mind to clear this Global Bio-Chem ( candle stick chart also not good ). So sell....the whole lot of 120 lots. My ave cost was at HK$1.997 and I sold it at
HK$2.12 then I started to notice that there were movement for SMIC. Was thinking of adding position but in the end....decide also to sell. So....set it at HK$0.85 onwards....with 100 lots at every cts upward ( Meaning 85 cts @ 100 lots, 86 cts @ 100 lots....and so on till last 100 lots at 89 cts ). By then...it moved to 84/85 cts range, fast hand and leg....adjust the price upwards to 88 and 89. By mid-day....already kena and the price was at 90 cts. POWER....profit shown on the screen was HK$32.5K but then I kena "stop-out" for the 25 lots of Golden Agri...total loss at S$875. With the 2 HK stocks winners...more than off-set the loss of this Golden Agri one. Now funding...at 7/10 level.
What made me decided to sell? Well....with the US-China problem heating up and the tired market, I felt it's time to take some money off the holding and wait for opportunity. But....woke-up at 3pm to check on the market again. Shit....hand itchy!
Saw that this Yuexiu Prop : HK0123 was dropped to HK$1.99/2.00 so I bought at $2.00 when I saw it started to turn around....managed to buy 100 lots with a ave of HK$2.012 and it closed at HK$2.05 showing a realised profit of HK$3.8K. Also went in for 86 lots of Henderson Inv at HK$0.73 cts to make it 150 lots on hand plus 30 lots of Zijin Mining at HK$6.16 and 30 lots of GCL-Poly at HK$1.82
So....now in my holding : Zijin Mining ( 30 lots ), GCL-Poly ( 30 lots ), Henderson Inv ( 150 lots ), Alibaba ( 5 lots ), Yuexiu Prop ( 100 lots ).
HUAT AH!!!

Saturday, March 20, 2010

Next week trading theme for SGX - penny stock

Trading themes were hard to come by. And the only one that punters could sink their teeth into - the Hong Kong dual-listing play - is looking a bit long in the tooth. This play emerged three months ago when China XLX Fertiliser listed some of its shares in HK. Its stunning first-day performance delighted brokers and corporate finance types, who latched on to it to recommend that others follow suit.

The latest to announce plans to list in HK in Swing Media, citing well-worn 'better valuations' as the main reason. Swing's shares swung into play as a result, appearing in the top volume list on Thursday and Friday, but although the counter rose to 6.5 cents in high volume, it ended the five days unchanged at six cents.

There was also spillover punting of others who have announced similar HK ambitions, such as Midas Holdings and Epure. The fact that China XLX and the second dual listing so far, Z-Obee, have both failed to perform as hoped for post-HK listing has been glossed over by a market starved of punting themes. This, it appears, has made it overly keen to embrace the 'better valuation' refrain.

Punters also showed keen interest in a handful of penny stocks other than those falling under the HK dual listing umbrella. Healthway Medical, for instance, enjoyed enhanced liquidity because of plans to expand clinics in China, a move praised by DMG & Partners in a 'buy' with a 30 cent target price.

Apart from Wednesday, when market breadth widened considerably, suggesting the entry of hordes of retail punters, the focus was narrow on most days. Genting Singapore was consistently the most active stock, perhaps because of the opening of Universal Studios. Given the sterling efforts of house traders to churn interest through rotational punting, what followed Genting on the actives list on any given day was anyone's guess.

In the previous week, Genting was regularly followed by Golden Agri and Indofood Agri. Yesterday, EuNetworks, PineAgritech and Abterra were favoured, most likely because of their low absolute prices rather than any fresh corporate developments.

There are a couple of these penny stocks that caught my eyes are : Biosensor at 79cts ( strong support at 78 cts level ) and Oceanus at 35 cts ( rested quite a bit ).

This is for those who have only SGX trading account.

4D - Sat 20/3 : 1st prize 3720

See my post on last night "Stock market round-up for SGX and HK" at the comment colume.

SWEE SWEE....HUAT AH!!!

Friday, March 19, 2010

For the week of trading - result

By Friday, with everything counted the total GLV for my fund has gone up to be at
2/3 level again. Same level as at the start of this week. Therefore not too bad for my trading. Yes....with a couple of screw-ups for the week that cost me dearly!

Still have to recover another 1/3....and by using the present way of trading then I won't be able to recover my intial funding of 50K, that it why I want to focus and have a couple of good stock picks ( best - those penny stock ) for me to dump in my money in order to win big.

Stock market round-up for SGX and HK.

For Singapore and HK market....kind of weak but still the focus is on the 2nd and
3rd liner shares to move up. Of course...the Index stocks are still being supported but due to the high share price thus the cost of commission which make buying them a risk.
For 2nd and 3rd liner shares ( so called penny stocks ), one has to scan thru all of them and checked to see if got any news or theme for them to move up. If not...also not a good bet also must think of the price range and profit-to-risk ratio.
As the market got higher....the risk is also higher. Same as mountain climbing.....
higher one got to, harder to breath ( air got thinner theory haha ).
At present...my main holding is focus on 2 "big" lots of SMIC ( 500lots ) and Global Bio-Chem ( 80 lots - after selling off 100 lots to cushion the pain of the screw-up of SMIC ).
Btw I still managed to make....about 1K+ of unrealised profit at the end of the day due to the gain from the newly bought SMIC shares. Ave price for the 480 lots was at 82.7 cents and the closing price was at 84 cents.
I may focus on HK and SGX penny shares for now to trade....also decided to hold the vested level to about 30% funding level from present 45% whenever have a chance to clear.
Stocks to keep an eye on :
SGX - Midas ( already BP today ), Biosensors ( Lowest K-line and at near support level of 78 cents ) and Oceanus ( low K-line and at BP level ).
HK - Global Bio-Chem : HK0809 ( low K-line and just break peak ), Shenzhen Int'l :
HK0152 ( already BP ) and Fosum Int'l : HK0656 ( low K-line and near BP level ).

Thursday, March 18, 2010

Thu trading up-date

Didn't do much since I am working therefore I need my beauty sleep before going to work. Lucky that for Wed and Thu...I am working half day only, at least I don't have to sleep the whole day before going to work lor.

At start of trading...the market already show a downward bias for all the Asian markets including Jap, Korean, Taiwan too. But I noticed that SMIC was quite strong supported and trading in a very narrow range HK$0.79/0.80 with more volume than normal. Btw I was thinking of selling at 80 cts so that I can go and sleep as at 80 cts the sellers were equally strong. Then at around 11am....I was feeling bored as my holding ( SMIC, Global Bio-Chem, Golden Agri and Alibaba ) was showing a negative of $700+, I get ready to go feed the fishes. At that point....this SMIC started to show volume and also start to move up. So...fast the volume hit 150 millions and the price went up to HK$0.83 then stayed there trading at 82/83 cts range.

Didn't go feed the fishes as it was raining at that time too....so went to prepare my lunch. Came to see the pc at around 12+ and the volume was at about 200 millions and the price was at around 82/84 cts range with strong buying support and lesser sellers too. Closed at mid-day at that range with 250 millions shares traded. For my other stocks....all down but the losses were easiy covered by the gain of SMIC.

At 3.30pm woke up to pee and at the same time...go look see look see the pc. SMIC was trading up to 84/86 cts range and huge volume too. But at the same time, Global Bio-Chem was weakening to below the HK$2.00 level. So I went in at HK$1.98 and 1.99 to buy another 80 lots....now my holding for this stock is at 180 lots. Ave price at
HK$2.02 now.

For Alibaba and Golden Agri - I just leave them be. I was looking at Tencent at HK$155.00 and put in an order of 1000 shares. No luck there...didn't drop to that level yet.

All in - not a bad bet for SMIC as it closed at HK$0.85, a gain of 6 cts for today.
And since my cost is just around HK$0.773 ( unrealised profit of HK$23.1K ) was higher when it was at 86 cts hehe. Well I am still confident that it will go higher in the coming sessions. Why???? Well....read my posting at T3B forum about the TSMC stake in the company and how the "chip-stocks" recovery stories!

Trading on Wed

So after 12:30pm, I went to sleep. Luckily when I slept up at 3.45pm, the HK market went up further and SMIC has recovered back to HK$0.79. BTW I had 300 lots at ave of HK$0.778. My 100 lots of Global Bio-Chem also show a small gain closing at HK$2.04
( my ave cost is HK$2.038 ). Alibaba also closed at HK$17.20 for a small gain for me.
I have confident for SMIC as the chip stocks are showing gains in US, Korean and Jap market according to the CNBC reports. In fact...I also "Q" at HK$0.75 but didn't get any at that price. I aim to vest up to 500 lots....or more. Yeah....agreed it is a risky move to over-position my portfolio on one or two counters. I have thought about how to recover the 40+% loss but cannot come up with a good idea unless I "focus" on a couple of right stocks and go almost all out on them.

Wednesday, March 17, 2010

Wednesday - up-date

Stock trading - it is like dancing the "cha cha" for me. SHIT....really! 3 steps forward then 2 steps backward and so on. Lucky thing was that my funding is still showing a small gain as compared to the start of last week. Up....then....down and now slightly up again haha!

Oh...now I decided to focus on just a couple of stocks and go all out on them. Yes! very risky but I cannot see how to make back my loss.

For my CPF investment fund...it is better. Still showing a upward bias which is fine with me.

Saturday, March 13, 2010

Weekend again

Yes...come tomorrow morning and I can have a nice time catching up with "sleep". I have not been sleeping enough due to the "kanchongness" of trading the stock market. Even sleep....only very light sleep, always thinking of the stocks on hand. If in good market....the missed profit! but in down market....the worry of price falling therefore losses.

Read somewhere....that traders are not "happy" people! Yes...I can confirmed that!
Sell.....worry about too soon or too late! Buy...same thing too soon or too late! and only time can tell! No end to it....yes? That is if in the market. When not trading....it's more free and easy!

Replacement car....still not sure but will follow-up with the workshop people on Monday. My car....won't be ready in the next 2 weeks at best that what the guy told me on Friday. He asked whether can I drive a manual car....told him never mind, no
problem as long as it can move from point A to point B and back!

Next week....it's a 3 "rest day" thingy but I have also put in my annual leave clearing plan. It is I shall be taking 2 "half-day" for the week. On Wed and Thu...
still the whole thing will depend on whether I can get the replacement car from the workshop. So that I can rest more at home and do some clearing of my stocks.

Friday, March 12, 2010

Friday market up-date

Didn't sold anything but in fact...bought another 50 lots of SCMI HK0981 at HK$0.80cts ( it was due to my sleepiness that I push on the wrong keys ).

Well...for the result of my trading week - still showing a positive bias for my funding.

For my CPF investment thingy....noticed my funds did very well, went up by 5 to 7% just for this week alone. I am into AIA Global Resources fund and China Balanced fund. Yes....I am very mindful regarding my CPF investment since I am already within the distance of smelling it. Oh...yes, I have another lot in AIA as an "agent" benefit. Easily about 80K....and I never really bother to think about it and to find out the outcome for it if I step out from AIA.

Weekend coming

Friday...the markets ( SGX and HKex ) did pretty well today. Hopefully tonight US market can do the same....then come Monday, we shall be smiling again. From the recent data....should not move too violently up or down.

Having said that....I must also say that this week the market in SGX and HKex hold up well esp for the index stocks which sort of set the "whole trend". Still sideway with a slight upwards bias which is good for trading.

For the whole as a whole.....really got to be careful with the stock picks and go for the index-link ones!

Thursday, March 11, 2010

4D - Wed

Kena just the horse-shit prize on 2307....missed the 1st prize 3070 as I I-bet both 2307 and 3071. Sayang lor....

Never mind....live to fight another day lor.

Stock up-date

From last Fri till to-date....only made about 4K in final statement but paid over 3K+ for commissions and some for interest. Even with just 0.25% for local trade and 0.35% for HKex ones.....man! it can "cost" a bomb if over do it.

Still on hand....got shit lots of shares mainly HKex ones, esp with the latest reports from China. Look....like I made a bad call again therefore must slowly clear those stocks without losing my shirt in the end hehehe!

Monday, March 8, 2010

Cheong the market again haha!

Yes...it's a great day for most of the stock markets both here and in HK. Can't ask for better hehe!
Went in for more....shares. Bought 60 lots of Global Bio-Pharm HK0809 @ HK$2.06, 100 lots of Shenzhen Int'l HK0152 @ HK$0.60 cents and 70 lots of SCMI HK0981 @ HK$0.79 cents. For SGX counters...got hold of another 50 lots of Golden-Agri @ 56 cents, 50 lots of Epure @ 88.5 cents and 10 lots of Gentings @ 92 cents.
Unrealised P & L is showing over 5K profit hehe! So not a bad day lor!
Therefore now....already vested 75% of capital, will cool down and monitor closely.
BP - may add more positions but BT - sell.

Saturday, March 6, 2010

Kena 3 prize for 4D

hehe...just lucky to kena lor, a change of luck thing mah. Yes!!! fighting!!!

Btw...did a flower bathing ritual since I felt no shiok esp after my accident thingy plus the 2 misses on the 4D. Decided to go thru...the ritual on Thursday.

Yes....things show an improvement almost immedaitely on Friday eg the stock picks and for my trading. Come...Monday, I am sure I am "in" for a nice small profit if I want to sell. Will follow the flow....only decide on that day!

Mood....kind of change to "shiok" again, so HUAT AH!!!!!

Friday, March 5, 2010

"Cheong" the HK market

Bought 50 lots of Maoye HK0848 at ave HK$2.04 and 5 lots of FIH HK2038 at HK$7.92.
For local counter....bought 2 lots of UOB at $17.88 near the close.

COunters.....on "Q" but may not get = 50 lots of Golden Agri at 54 cents, 100 lots of Raffle Edu at 37.5 cents, 10 lots of Yanlord at $1.91 plus 10 lots of Straits Asia at $1.98. HK market....100 lots of SMCI at HK$0.77 cents and another 5 lots each of FIH at HK$7.90 and HK$7.88.

Feel that the HK market can benefit from the Chinese Leadership meeting in Beijing plus the fact that the Dow future is also positive. And I was right....a bit too fast with Maoye. Bought the shares and the counter went up to HK$2.12 but I didn't do anything...and it dropped to HK$1.99 and I also just "watch and see". Lost the opportunity to make some money...esp for 50 lots can make more than $500 nett at the tip of the swing for both ways. Well....think I am kind of in "coma" lack of sleep so I cannot think fast enough.

Thursday, March 4, 2010

Yes...managed to stay positive for my 2 trades

Well...had 2 trades this week. 5 lots of Yanlord and 100 lots of SCMI.HK0981. Both positive result....yes! small wins.

Wednesday, March 3, 2010

baby steps

Life at times....is like that lor. Taking one step at a time....just like a baby learning to walk. It is not that we don't know how to walk but it is more like losing the method of walking right!

After going thru some "impactful"....we may lose some self-confident and in order to regain them....must start all over again....the baby steps thingy!

Now is the time for me to do that....taking baby steps towards becoming a big whale.
But for now...just back to swimming in calm water and staying cool....and not biting more than what I can chew.

At the same time....to see what I can do to grow as a person!

Back to bathing with flowers thingy again!

yes....yes! will plan for it in a couple of days, remember must able to get 7 types of flowers' and color. No white ones....

so....without a car, things may be more harder lor. Anyway....if got will then sure to find a way to do it. Yes!!! shall do it by Friday! If can....meaning not too sleepy tomorrow morning then I shall stop at the Bt Timah market to get the flowers for bathing plus get the breakfast. Then walk home lor....bo piang lor!!! hehehe!!!