To date about 70 readers has joined my mailing list. Thank you! 430 of you are still considering i suppose. come come join me! : )
By now, i'm sure all of you have heard how a $1 donation to NKF has resulted in only 10 cents to the patients. Also, how they inflated the number of patients under their care. Absolutely disgusting! This brought about my question on fundamental analysis. There are many people who disliked Technical Analysis and ignore it's importance. They prefer fundamental or value investing. They say market cannot be timed accurately. Now with the NKF sage, let me remind all of us how fundamental believers can be exposed to high risks too. ACCS, CitiRaya, CAO and not to mention many of those China starlets that has sunk to the bottom of the sea bed together with our fellow countrymen's hard savings. Technical analysis will spot the selling before the bad news is out to the general public. I bring out all these not to turn people into technical analysis believers. My purpose is to highlight to you that both fundamental and technical are important! For me, after my many losses, i realise it is wiser to trade fundamentally sound companies. You can bet that I ignore those technical buy signals for fundamentally unsound companies. It's scary because the charts that I read can be drawn by the people manipulating the stock. Remember DMX? Well, at most i earn lesser. But remember, it also means lesser risk. A very good company will not rally 5 cents today and decline 5 cents next day. (Discount natural disaster or Terrorists attacks)
Stock Market continues to be trading light. I think many traders are still on holidays. Fr0m my daily sentiment scan, I see more buying than selling still. Although it's only a slight difference. Cosco really caught my eye. With it's stock split coming up, sound fundamentals and yet the price slides. On November 24th, I charted Cosco and saw RSI weakness. Please see the link below. It was never a buy for me because it never break the resistance line. Most people will think and want to fish lower, but i truly believe buying high isn't a bad thing because at that point, selling is diminishing and loads of buyers coming in. Why not join them?
http://photos1.blogger.com/blogger/1689/1183/1600/2005Dec-Cosco%20Corp-800x415.png
GrowMoney Quick Pick
Fibrechem Technologies Limited Ordinary Shar 0.7400
Celestial Nutrifoods Limited Ordinary Share 0.5850
Trek 2000 Int'l Ltd Ordinary Share 0.5100
United Pulp & Paper Co. Ltd Ordinary Share 0.5000
Singapore Exchangemblecw060406 Warrant 0.4100
Longcheer Holdings Limited Ordinary Share 0.3850
Federal Int(2000) Ltd Ordinary Share 0.3500
Kingboard Copper Foil Hdgs Ltd Ordinary Shar 0.2700
Hiap Seng Engineering Ltd Ordinary Share 0.2050
DW Holding Limited Ordinary Share 0.2000
Sin Soon Huat Limited Ordinary Share 0.1850
Easyknit Intl Hldg Ltd 5000 Ordinary Share 0.1740
Memtech International Ltd Ordinary Share 0.1700
Multivision Intel Surv Ltd Ordinary Share 0.1700
TEE International Limited Ordinary Share 0.1500
Federal Int(2000) Ltd W071207 Warrant 0.1300
Matex International Limited Ordinary Share 0.1200
Esmart Holdings Limited Ordinary Share 0.1100
Eucon Holding Limited Ordinary Share 0.1100
C2O Holdings Limited Ordinary Share 0.1000
FDS Networks Group Ltd Ordinary Share 0.1000
Netelusion Limited Ordinary Share 0.0900
Sim Siang Choon Limited Ordinary Share 0.0850
SM Summit Holdings Ltd Ordinary Share 0.0850
Tri-M Technologies (S) Ltd Ordinary Share 0.0800
Addvalue Technologies Ltd Ordinary Share 0.0700
Oriental Food (Holdings) Ltd. Ordinary Share 0.0700
Sunlight Group Hldg Ltd Ordinary Share 0.0350
Abterra Ltd Ordinary Share 0.0250Goldtron Limited Ordinary Share 0.0150
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
