Thursday, April 22, 2010

Stock market up-date

For Yangzijiang...I managed to make about 7K but then the winning just cannot cover for the losses of SMIC.

Still lucky to be able to make some money lor....sighed!

Just don't want to think too much about the losses if not...then I will feel very depressed about the whole thing esp that I would have made some profits when it shot up to HKD1.02 on last Thursday...I turned greedy, very greedy!

Now I am paying the price for my greed lor!

Saturday, April 17, 2010

Yangzijiang latest up-date

MEDIA RELEASE – FOR IMMEDIATE RELEASE

Yangzijiang aiming to enter the robust offshore sector

􀂃 Offered to acquire PPL Holdings by intending to take a 50.1% stake.

􀂃 Rest 45% and 4.9% in PPL Holdings would be taken up respectively by strategic partner, a Middle East investor and Yangzijiang’s Non-Executive Director, Mr Yu Kebing.

􀂃 Total consideration for PPL Holdings at US$155 million.

􀂃 Yangzijiang would place 83.555 million shares at S$1.295 per share to the Middle East investor to fund its proposed stake of 50.1% in PPL Holdings.

SINGAPORE – 17 April 2010 – Yangzijiang Shipbuilding (Holdings) Limited (“Yangzijiang” or “the Group” or “扬子江船业控股有限公司”), one of PRC’s leading and most enterprising shipbuilder listed on the SGX Main Board, on 15 April 2010 entered into a placement agreement with a Middle East investor ("Investor") in relation to the placement of 83,555,000 new ordinary shares in the capital of Yangzijiang at the issue price of S$1.295 per new share.

Friday, April 16, 2010

This week's stock up-date

Yes...this is also a shitty week for my stock trading thingy, losses upon losses!

Maybe it's time to "hang up" this thought of being a day or swing trader thingy and just stick to my day job.

The losses...I can do without and used the money for tours for the family or just keep it for raining days. Yes....can see the raining days coming soon! WFT!

Sunday, April 11, 2010

weekend up-date

No luck for my 4D...sighed but anyway I have already toned down a lot which is good too.

Working OT on Sunday....half day only to cover for my counter-part. Also give me a chance to meet up with the "C" team optrs/leads so that to clear-up the rumor about me getting the pink slip.

Oh...btw, the latest report was that the plant will continue till at least Dec 2010.
So....I maybe still be around for sometime which is good too. No need to worry too soon about getting a job. Just want to stay positive as much as possible!

Stock Market - may want to down-size my holding for SMIC to a manageable level. Now just too much and too high a risk since it is like putting my eggs into one basket.
With so much happening around...that may not be a great idea esp with the markets looking "toppish" and almost everyone wanting to jump in without fear. This is a time for me to fear, not good to be greedy!

One thing I learn about LIFE.....always good idea to live and fight another day. And as long as one is healthy and have "capital" there will always be better opportunities down the road.

Friday, April 9, 2010

SMIC up-date

Noticed that whenever the HK index raised this stock would traded side way or with a downward bias. The greater the index points increased....the worst is for this stock.
Then....it "hit" me to realise that this stock is still consider a "penny stock" or
3rd-liner stock. And the present theme in HK is to play the top-liners which is reflected by the index raise. On Wed and Fri, the HK index shot-up by over 300+ points and on both days....this SMIC went "south" towards the close on smaller volume. But on Thu, when the index was down....this stock was quite steady and in fact closed up with good volume too.

I shall keep this observation for next week....esp this stock.

Saturday, April 3, 2010

Market outlook for next week

Most likely to be a positive one both for SGX and HK since with the positive US Job Data on Friday. Which is also good for all markets...and myself haha.

With HK only opening for trading on coming Wed....I have 2 extra days to focus my attention to the market here. Lately I noticed some buying opportunities eg Biosensor and Oceanus for penny stocks and eg Swiber, SG Global and Midas for the $1+ ones.

I have about S$12K of free equities to play....so hopefully to make some extra $$$$ for the funding. As for Hengxin...looking like it may "rest" for awhile before running again. So...may be attempt to sell my holding.

Forex up-date

Understood from the group that Josh has "hit" the jackpot and is the big winner with the recent trades. He will be buying a treat for all come Tuesday...and I am very happy that I prediction of him being the "brightest spark" from the group was proven right!

Now....when I have the time then I can know who to look for to help me with the forex thingy. My aim is to win back my tuition fee and what I lost so far. That should be too much to ask if I go for $100 per pip since I have a few thousand in my forex account still with Onuda! I can also start funding my MFG forex account by transferring a few thousand from my CFD account or just bank-in the cash! No big deal to get it done...with 4 rest days next week.

Alamak...I have to plan to spend some time for my income tax filing hahaha, so fast already now in April. Last day for filing is 15th Apr...shit!

Thursday, April 1, 2010

Trading up-date

Yeah..clear off Alibaba at the start of trade at HKD15.80 btw I bought it at HKD17.06 after it's 1st Qtr result. With good result...the stock still dropped almost daily, so today I finally decided "enough is enough". This was my 2nd try for the stock and both times....lose! So...twice bitten, I will never try the third time!

Now left with 2 stocks in my CFD account. Henderson Inv HK0097 and SMIC HK0981 - but only managed to make some money out of SMIC. In fact...SMIC is my core stock, meaning I had more than 1 mil for this one....for Henderson Inv, I have about 500 lots. SMIC added 3 cts while Henderson dropped 2 cts today...still managed to add
S$4+K to my GLV.

HK market will only re-open on Wed.