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!
Thursday, March 25, 2010
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!!!
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.
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!!!
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.
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 ).
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 ).
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