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!
Thursday, March 18, 2010
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.
( 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.
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.
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.
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!
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.
Never mind....live to fight another day lor.
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