While many were agonising the missed opportunities of the current rally, I heard many were actually considering China plays. So far i have never traded in them because they doesn't suit my style. They are very fast in the retracement and hence often times, i could not react in time. Also, i fear the "chng kays" might seize this rally to ram up the share price and then offload everything they have to the innocent retailers. The same holds true to other penny shares. If you buying, keep your eyes open.
Sector wise, chips seems to be slacking off abit other than UTAC. Plastic sector, many begun to bottom pick as i could see volume and price picking up. However, being a risk aversive trader, unless I know oil price is going to come down, otherwise i won't touch plastic stocks yet. Telecoms sector came down yesterday and the volume is huge. It's either going to be the final shakeout or the beginning of a correction. Marine and offshore was no where in my list. I guess another sector exhausted.
Today, i would like to touch abit on my style of buying. I'm sure you guys heard alot about pyramiding. I do the same too. When a breakout occurs. How do i know? It's from the previous night's homework(analysis). Say the sell queue at 1.08 was taken out in large block. I will queue at 1.08 immediately at the buy queue 50% of what i intend to buy, say 5 lots. The stock resting at 1.08 for a while, at this point i do not add. When it starts to take out the 1.09 at the sell queue again with large block, i will grab 3 lots. Same process again for the remaining 2 lots if identical actions were seen at 1.10. I hope i explained enough. Because it is impt to lose cheaply when wrong. I add on only when the stock is moving up not down. The other part of trading which I can't explain in words is *drumroll*...........Gut Feel! :P
If possible you should try to read the time and sales of a stock after every trading session. It tells the story of what is going on. I use this to confirm my chart reading.
Rotary - Everyone is talking about it so i thought i can share my two cents worth.
DBS - Progressive charting. Maybe it's because of the Tuesday holiday, seems like losing strength.
Media Ring - Breakout!
DataCraft - Second Stage breakout
Starhub - Progressive charting. Telecommunication sector isn't very impressive at the moment. When the interest in the sector comes back, this is one baby to buy.
Hi-Pi - one of the laggards i found. Most of the plastics has moved only this one stayed silent. When it moves, it can really moves alot!
GrowMoney QuickPick - Another use of quickpick list is to identify the sector in play. From today's list, it's quite obvious it's a broadbased rally. Some sectors are missing in actions. Exhaustion? You decide.
Jardine Cycle & Carriage Ltd Ordinary Share 11.3000
Hongkong Land Holdings Limited Ordinary Shar 3.3800
Ascendas Real Estate Inv Trust Unit 2.0700
Tan Chong Int'l Ltd Ordinary Share 1.8200
Sembcorp Logistics Ltd Ordinary Share 1.7000
Hong Leong Asia Ltd. Ordinary Share 1.6700
Comfortdelgro Corporation Ltd Ordinary Share 1.6400
Capitacommercial Trust Unit 1.5500
United Intl Securities Ltd Ordinary Share 1.4500
Kim Eng Holdings Limited Ordinary Share 1.4000
Noble Group Limited Ordinary Share 1.3400
Inter-Roller Engineering Ltd Ordinary Share 1.2500
Magnecomp International Ltd Ordinary Share 1.1400
Hotel Plaza Ltd Ordinary Share 1.1400
Datacraft Asia Ltd Ordinary Share 1.1300
Want Want Holdings Ltd Ordinary Share 1.1100
SNP Corporation Ltd Ordinary Share 1.0200
DMX Technologies Group Ltd Ordinary Share 0.8950
Metro Holdings Limited Ordinary Share 0.8550
United Test & Assembly Ctr Ltd Ordinary Shar 0.8400
Fibrechem Technologies Limited Ordinary Shar 0.8350
MFS Technology Ltd Ordinary Share 0.8100
LMA International N.V. Ordinary Share 0.8000
Celestial Nutrifoods Limited Ordinary Share 0.7800
CSE Global Ltd Ordinary Share 0.7450
MMI Holdings Ltd Ordinary Share 0.7200
Huan Hsin Holdings Ltd Ordinary Share 0.7100
Aqua-Terra Supply Co. Limited Ordinary Share 0.7050
China Sky Chem Fibre Co., Ltd. Ordinary Shar 0.6400
HWA Hong Corporation Limited Ordinary Share 0.6150
ASL Marine Holdings Ltd Ordinary Share 0.6150
Electrotech Investments Ltd Common Share 0.5750
Fu Yu Corporation Ltd Ordinary Share 0.5400
Federal Int(2000) Ltd Ordinary Share 0.4700
Asia Water Technology Ltd. Ordinary Share 0.4500
China Flexible Pack Hldg Ltd Ordinary Share 0.4400
Beyonicstechnology Limited Ordinary Share 0.4300
Meiban Group Ltd Ordinary Share 0.4200
Asia Food & Properties Ltd Ordinary Share 0.4100
Fischer Tech Ltd Ordinary Share 0.4000
Ellipsiz Ltd Ordinary Share 0.4000
JK Yaming Int'l Hldgs Ltd Ordinary Share 0.3950
China Petrotech Holdings Ltd Ordinary Share 0.3900
Norelco UMS Holdings Limited Ordinary Share 0.3850
Ferrochina Limited Ordinary Share 0.3650
ECS Holdings Limited Ordinary Share 0.3500
China Wheel Holdings Ltd. Ordinary Share 0.3350
Seksun Corporation Ltd Ordinary Share 0.3300
Asti Holdings Limited Ordinary Share 0.3300
Technics Group Holdings Ltd Ordinary Share 0.3250
Koda Ltd Ordinary Share 0.3250
Global Testing Corporation Ltd Ordinary Shar 0.3250
United Fiber System Limited Ordinary Share 0.3000
China Paper Holdings Limited Ordinary Share 0.2950
Mediaring Ltd Ordinary Share 0.2850
Flextech Holdings Ltd Ordinary Share 0.2850
A-SONIC AEROSPACE LIMITED 0.2800
Hongguo Intl Holdings Limited Ordinary Share 0.2750
Apex-Pal International Ltd Ordinary Share 0.2700
HG Metal Manufacturing Ltd Ordinary Share 0.2650
Manhattan Resources Limited Ordinary Share 0.2600
Asia Environment Holdings Ltd Ordinary Share 0.2500
Federal Int(2000) Ltd W071207 Warrant 0.2450
Junma Tyre Cord Company Ltd Ordinary Share 0.2400
Sin Soon Huat Limited Ordinary Share 0.2350
IPC Corporation Limited Ordinary Share 0.2350
Sin Soon Huat Limited W071229 Warrant 0.2050
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
