There are time to buy, time to sell and time to stand aside. I believe this is the time to stand aside. During this time it will be very easily to be trapped by the ding dong and babysit the stock. Day after day, we are seeing lacklustre volume in trading. The Stock market currently is holding up slightly above the water. I do not think we should read too much into the market at this time. Of course that's excluding those counters that had declined with shocking volume. Cosco is one sinking ship. I prefer to stay out of the Marine Sector for now. It is one good example of how fundamental reasons do not guarantee it's share price always. I have been trapped far too often in the past. I will publish my trades of 2004 before the year end to show you how stupidly i was throwing money away in 2004!
Since the market very quiet, i will spend more time looking at longer time frame chart of the STI tonight. On the weekly chart, the down trend started early 2000 and lasted till Apr'03. It's a whopping 3 years. From 2003 to now, we are in our third bullish year. The last bullish run started in Nov'98 and ends Jan'00 and that's 2 years. IT bubble burst was the reason. With our oil bubble bursting, market testing all time highs, no wonder so many people are calling for a bear market. How wrong can they get? I mean all the odds are stacked against a continuing bull market. One of the reasons why i prefer not to invest in value now is I feel it's more worthwhile to invest after the market crash. Imagine buying SIA at $6 again? Or DBS at $7? How about Singtel at $1.10? That is the kind of price i will do value investing! hehe Now, I prefer to trade. *wink*
Regarding Elections, many think it's a catalyst for a rally. In 2001 where we had our last elections, it was in the midst of the bear market. Indeed it lifted the market quite abit before continuing the downtrend. Too bad I don't have 1997's data to compare otherwise my deduction can be more complete.
GrowMoney Quick Pick
Jurong Tech Ind Corp Ltd Ordinary Share 1.8600
Singapore Food Industries Ltd Ordinary Share 1.1700
Chemical Industries (F.E.) Ltd Ordinary Shar 0.7000
The Ascott Group Limited Ordinary Share 0.7000
Innovalues Precision Limited Ordinary Share 0.6350
New Toyo Int Hldgs Ltd Ordinary Share 0.4700
Singapore Exchangemblecw060406 Warrant 0.4600
Cathay Organisation Holdings Ordinary Share 0.2550
Global Active Limited Ordinary Share 0.2300
CDW Holding Limited Ordinary Share 0.2150
Hiap Seng Engineering Ltd Ordinary Share 0.2050
JEL Corporation (Holdings) Ltd Ordinary Shar 0.1850
TEE International Limited Ordinary Share 0.1500
Matex International Limited Ordinary Share 0.1200
Serial System Ltd Ordinary Share 0.1150
FDS Networks Group Ltd Ordinary Share 0.1000
Netelusion Limited Ordinary Share 0.0900
Tri-M Technologies (S) Ltd Ordinary Share 0.0800
Sunway Intl Hldgs Ltd Ordinary Share 0.0500
Ionics EMS Inc Ordinary Share 0.0400
Yongnam Holdings Limited Ordinary Share 0.0300
Internet Technology Grp Ltd Ordinary Share 0.0250
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings
