Tuesday, February 28, 2006

Somethings in Stock Market never changed

I remember Jesse Livermore the greatest stock speculator in history said, "Wall streets never changed because humans never change." He traded since early 1900s till he commited suicide in1940s. He went bankrupt 3 times and bounced back strongly each time. His method was to track leading stocks which are breaking into new highs. I did extensive research over the weekend and observed that many of the stocks which broke their 52 weeks high will continue to do so. Although there will be retracement and corrections along the way. This is what Livermore called line of least resistance. Stocks that broke 52 weeks high has little or no resistance on the upside. The road up north is clear. Whereas a bottom stock which is trying to reverse to an uptrend will encounter many overhanging shareholders who has no qualms about selling if they breakeven because they are sitting on paper losses for a great deal of time. Human psychology never change till today. We can still see panic, fear, greed and hope in the market today just as Livermore sees it in his time. Hence his line of least resistance may work in our time too. Worth a look! I shall continue to research it's profitablity and define a cut loss management for this trading system. Remember, no trading system is complete without a sensible risk/reward ratio!


Media Ring: A wet dream turned nightmare.
Chart was forming nicely but 2 pieces of FA news confused traders and investors. Let's see what unfolds tomorrow.


GrowMoney Quick Pick
Volume of breakout is an essential condition!

Stock : Line of Least Resistance
Asiapharm : 0.800
Fungchoi : 0.950
Pac Andes : 0.735
Semb Corp: 3.14
MFS: 1.07

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Monday, February 27, 2006

Stock Market index breaks 6 yrs old high 2470!

The signs were there last Friday and the market finally showed it's true colours by breaking 6 yrs new high. Just a quick reminder, our STI's historical high is at 2580 .... we are just a few steps behind and look very likely to test it in the upcoming weeks leading to General Elections! This should be a pretty week....let's see..... because i'm also concerned with Indonesia, Thailand, Philipines...everywhere around us has some domestic problem. I don't know how or will it impact us yet. Let's not get complacent.

I continue to test and found that my breakout of 52 weeks high strategy is working pretty well. Growmoney blog is never intended to be a tips blog and instead all along i wanted to share my observations. I hope you can take this strategy away with you and explore. Hopefully all growmoney members tua tua huat and maybe one day we can throw a dinner to celebrate massive profits!

As i began to trade the US options market, i was pretty nervous as i will be pitted against the big liquid market of wall street! Wow! After reading so many books talking about Wall Street and now finally i'm trading there. It's like representing the Lions at Kallang stadium back in the Malaysia Cup days, a fantasy after growing up watching the tournament. Or going to the worldcup in that seriousness. I started slowly and dare not be too aggressive, so far i have traded 2 stocks options and an option on Nasdaq index. With regional and European market looking strong, my first venture into Wall Street can begin on a winning note. However i must not get complacent, it's a relatively new market and i'm still not used to it. Unlike Singapore market where i can confidently point out the kelong stocks to avoid and which strong counters to look at. Patience!


MediaRing: A chart plotted in Nov'05, then from the weekly chart i visualised a cup base forming.

MediaRing a stock i bought back on Friday( I sold at 0.295) upon closing after i saw and like the weekly chart. The point to note here is looking at longer time frame chart can help you determine the direction of the stock. I did not know about the acquisition on PacNet nor the spectacular 1027% jump in earnings which justify the many call of a turn around company. Looks like we are in for a real exciting time tomorrow. Many asked if the news is good. I would say it's a very good piece of FA news but it may not be tradable. I am now contemplating to use FA to be an investor in MediaRing. This is what i always hoped....to time my buy into a good FA play. Well it's still early to tell how the market will take the news tomorrow.


Ferro China: Another blueline theory candidate. This theory really worth a deeper research!


Ascott: The high goes higher. Checkout my blue line theory (Actually it's breakout, but i shall term it blueline theory)

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

CONOR MEDSYSTEMS INC (CONR) of US Stock Market


CONOR MEDSYSTEMS INC (CONR)

A breakout and it looks like a cup and handle formation to me. More Upside to me. 20% ROI target for me. I will not do an outright call option. With March's options coming to an end, i will be looking to sell theta in March and then hedge it with a call in Apr.

Sunday, February 26, 2006

Stock Market Resistance 2450 Breached!!!!

STI has broken the resistance and now we should expect some upside before the next consolidation. Things i will consider......earnings season is coming to an end, there will not be anymore reason for a sustained rally except General Elections....oil price has jumped $2 last Friday after a foiled attack attempt on Saudi's Refinery. This to me is just an overreaction by market. No real damage to the supply and demand. I looked back at Sept-Oct '05 period last year, we too consolidated sideways before a pop up then a sell down. Stock market never travels a straight line upwards hence i will be prepared to off load by holdings on the way up this time round. Remember i said missing out another 10% total trading quity paper profits after i let my profits run. This time i rather set a profit target!

I did some research over the weekend and found a strategy that works pretty well. You heard it free from me hor. Don't have to pay for expensive courses la. Especially if you have a small pocket, just do more Research and back test and thou shall be rewarded! :D


Ho Bee: Look at the 52 weeks high.


Celestial: This shows me why i should revamp my watchlist. The high goes higher.

The above strategies are best for full time employees like you and me. We don't have to look at the market whole day long and most of the time, it is profit immediately the next day. :D


ChinaSky Petrol

Friday, February 24, 2006

Charts on US Market

*Updated - Agilent Technologies


Agilent Tech: Triangle forming with higher lows and a resistance stands at 36.10. Weekly chart showing uptrend, daily trend ticks up following last night's gain. Target price $38.80, while cut loss to me is at $35.45.


As i'm learning to trade the US market, i will begin to post charts from US Market. Options Trading is fast becoming a hot instrument and i decided to find out more. First up, i shall explore the direction of the US market. If i can get into groove with US stocks direction then i will zoom into stocks and followed by options. Options are like warrants in Singapore market. A cheaper way to trade the expensive stocks.

Here are my analysis of the weekly charts of the US market.



Nasdaq seems to be poised for a move up north. It found nice support at lower trend line with lower shadow candlesticks and with MacD Histogram ready to reverse. I will be looking at Tech stocks tonight.




There seems to be an ascending triangle forming on the weekly chart of Dow. Today will be the last trading day of the week. If it's a breakout from the triangle top, there should be more upside next week. The lower lows on the weekly chart is something that caught my eye. Current uptrend is intact despite a rocky week.

Since both index look positive, i'll be looking at call options later. Keep tuned! Discipline is key to success, if i'm wrong, i will cut loss cold bloodedly.


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Thursday, February 23, 2006

Buying strength at last in the stock market

My sentiment analysis tells me that there were more buyers than sellers today. After many days of mixed sessions, this might throw light to where exactly we are heading. With US and Japan closing strongly, this has no doubt helped local market. Hence i continue to look forward to a pop up to celebrate Elections. Market so far had never failed to celebrate Election day since 1997.



Celestial on the weekly: I analysed the chart and was looking at why did I miss this baby. Looking at a very wide time frame on the weekly chart. It took more than 2 years to form a cup and handle. The handle was a fantastic time to enter at pivot buy 0.535.


Rotary on the weekly chart. Results were out tonight. Everything increased including dividend!
DJ Singapore Rotary Engineering FY Net S$8.4M Vs S$5.6M


Sunray: Looking at the weekly chart, very nice bowl shape forming and it's a text book handle in the making as the volume continues to decline. Formation of handle can take up to 8 weeks. We have 2 weeks done. Let's watch on. 0.515 will be my pivot buy point.



DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Wednesday, February 22, 2006

Stock Market in ding dong mode

Indeed the rebound yesterday was not the reversal everyone hoped for. From my limited charting experience, i will dislike if the reversal has been sharp and swift. It will then remind me of how world market rebounded in the tech bubble and then collapse spectacularly. Trading along this range is actually healthy to the longer term. Weak holders will be shaken out and then there will be no exuberence in the stock market. When there is no exuberence, there will be no crash coming. From the many charts i saw with sharp price decline and light volume, the best case scenario would be to slowly climb back up on the right side to balance the selling and the buying. Any frantic chase up of the stock will result in breakout failure.

So far light volume decline has been a good trading signal to me. I just have to remain confident and not sell unneccessary. The fact is that some of this low volume decline has reversed last 2 days. Mine better start soon too.


People's Food


Tech oil gas


STX PO: Cup and handle formation

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, February 21, 2006

Stock Market never fails to leave me looking stupid

Once again another big move eludes me. I'm grown so used to it by now. Somehow i have adjusted my trading plan/system to accomodate this weakness of mine. The consolation is, profit though small is better than having none at all. In the future, i will be taking quick profits! I have seen at least 15% of total trading account paper profits gone up in smoke after i overstayed in a stock thinking the light decline is fine. Infact i beginning to doubt this method that i went back to my books over the weekend. Yeah, i did miss out some crucial factors contributing a valid formation. I think i better make it my bed time story book just to make sure i remember them all the time.

Market action wise, there is really nothing to shout about. I thought it was a natural rebound from oversold counters. Most of the charts i gone through saw many sharp declines without volume. Although this is primarily a good sign, but the angle of decline makes me uncomfortable. There were of course some stunner like MediaRing...87 million shares traded...something is cooking other than the Google collaboration. I'm way past my pivot buy point for it and thus not chasing it anymore. Good luck to all my visitors who are enjoying the ride up! cheers! Let's hope this week is a much better one than the last!

Tomorrow I'll be attending a options trading talk! Hence I will not be chatting at the shoutbox hor. But i will still be in touch with the market via GPRS keke so when market rallies, i will be cheering too! :D


Darco Water: Very good and clear chart formation building. Current actions seems to be hammering out a handle area which functions as a shakeout area for weakholders.


Rotary: Suport line broken. The rebound in price must test and break 0.550 otherwise we risk a head and shoulder reversal pattern. I'm pleased with the closing at 0.510 with volume. With indicators in oversold, we have a fighting chance to reverse nicely.


MediaRing: Bought at 0.260 and sold at 0.295 was suppose to be a good trade until it closes 0.345 today. There is no way i can anticipate a massive rally like today. I followed the book and decided on this profit level after it failed to clear resistance on Friday. With a bad and directionless market on going, i thought taking profit was the wisest thing to do. Furthermore, all my other holdings are declining without heavy volume selling. So why should i risk it when i have clear profits? Many a times I saw my good paper profits diminished with a declining market. Henceforth i told myself to set a target and just take profit. I must be realistic. In a year, there are more chances to see paper profits diminish rather than encountering a big move up north. I shall wait for the next base to form before jumping in.


DataCraft: The rebound came and it was a relieve. Next up, should be a move up to test the upper channel resistance. I had hung on to the decline refusing to sell because of the low volume. My thoughts were, although the price has decline steadily but the selling volume is very low as compared to it's move up. Most likely it was hurt by the bad sentiment and directionless market. Smart money sell at the top and they don't sell on the way down like this in liht volume or so I thought. Next, we should see investors coming in to support DataCraft at this level and then a retest of the high. IT is important that the next high must be higher than 1.14 or we risk a head and shoulder reversal pattern.

GrowMoney QuickPick
It's back! : ) The following stocks had declined with volume much lower than average. They can die slowly but also can recover swiftly since volume is rather low during the selling. Do not Contra!

Pearl Energy
BeautyChina
Brilliant
MemoryD
DataCraft
Cougar
Darco
MFS
Pac cent
Sembkim


DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Monday, February 20, 2006

Stock Market Clueless or is it a trap?

With the index still stuck in a trading zone, we saw plenty of selling in penny stocks. If you look at the top volume, many of the great falls belong to one typical category....China stocks that had climbed to great heights. However all stocks are not spared, my own holdings took a beating. I think I am blind....why did i buy what i had bought? Alot of my Febuary's downfall is caused by my greed and personal opinion of a budget related rally. A common mistake where i listened to my own anticipation and ignored my charts. Blind!

I fancy a down move to really flush the market. Otherwise trading near the highs this way is very dangerous. The current actions really strike a similarity to Oct'05. You should check back the charts to see what i meant.

Crude oil is on the way up again! Looks like our oil and gas play might start to rumble again. Watch all the keppel or pearl counters....i have Rotary which supplies equipment. Let's see if i can benefit.

Birdflu coming to a country near us! Selangor! But again, this is old news should not be a reason for a sell down.


DataCraft: STI Component and of course my anticipated budget rally never happens and it begins it's decline. Now trading on it's support...it never fails to rebound. Let's see it happens tomorrow!


Sunray: I will continue to hold. Looks good for further up move over the next 4 weeks.


Rotary: I was blinded! Gosh..i have always been careful with shooting star but how the hell did i only see this shooting star tonight?? I think a visit to the temple is needed. 9 consecutive days of decline. Very oversold. A rebound will be a good chance to get out at minimum loss.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Sunday, February 19, 2006

Stock Market faces Strong Resistance

STI resistance 2450 is like a rock. We tried for 2 weeks and we couldn't break it. The worst part of the attempts were long upper shadows signifying selling at the top. I remember ignoring these signs back in Sept'05 to October'05. Then I thought market was consolidating to burst through that resistance. How wrong I was. We had the biggest decline of 60 over points and the market basically gave way! Ouch! Prior to this, I remembered selling due to weakness in my stocks. Hence I was not hurt. But bottom fishing during that decline costed me quite a bit. Hence I always tell myself to wait for a perfect chart patterns. Frankly the risk/reward is not favorable to trade now. I shall wait for a clearer direction.

Things i did wrong in January and Febuary:
1) Bought DBS thinking bank will rotate in play. It never did. When weakness was seen, I held on thinking banks will be in play especially on the budget day week. Finally sold at a 25% loss.

2) Didn't sell my Datacraft despite a 25% ROI. The chart had shown me it is struggling at the upper channel line. Now it has declined to a small loss. The volume ain't heavy hence I'm not selling.

3) Bought Semb Marine anticipating it's good results. I should never have done it. Deviated from my usual chart patterns trading. I thought Oil, Gas play will be in play but definitely did not happen when I hold the stock.

The wins in January got to my head and i begin to think trading is easy. The wins in January coincides with the chart formations which took the whole of December to form. I was merely at the right place at the right time as I have many sound proper base to choose from. I went back to my favourite trading book for both psychology and chart formation recognition. It reinforces what I already knew and filled in some of the areas i forgotten. Conclusions, I'm on the hunt for the next runner again! :)

Thursday, February 16, 2006

Lessons on taking losses in Stock Market

My anticipation of a rally falls short with only Friday left, the chance of breaking STI 2450 looks remote. STI 2450 is very strong, we are unable to break it after numerous attempts. Flip the chart around what will be the thoughts? Support is very strong! Buy Buy! So i expect some weakness and retracement if 2450 is not broken. Corrections only hor, i'm not turning into a big bear. Anyway depends on how deep is the corrections too.

Whenever I analyse a stock, i will try to be in the shoe of the manipulator. How would i play the stock so that i can push it up. Stock market is a dirty place...lots of unscruplous manipulators around...learn to think like them.


Brilliant: what i saw on the weekly chart. I never buy stocks that are in a major downtrend. Too many stale bulls waiting to get out.


Semb Mar: I was right abt it's good results but market think otherwise. I ignore my own T.A sell signal because i think market will like the results. I was wrong and punished!


Rotary Eng: A look at the weekly chart. So far so good, i will be more worried if it closes down on a volume of 35 million tomolo? possible? i dun think so!


Media Ring: Why buy a diamond ring? This ring can appreciate in value but not romantic though. haha Latest news!!! Media Ring and Google collaborating!!!! The offical report is sent to my yahoo group. Patience rewarded! :D


FerrorChina:An example of why you should not cut loss just because your cut loss price is triggered. Volume is a key essential!


Sunray: Please refer to my chart. All the conditions of holding onto price weakness is found here. I hope you can apply successfully in the future. Prior Trend, light volume when down, high volume when up and RSI remain highs which means buying strong. T.A is not very difficult to learn. It is mostly common sense after you understand the psychology behind it. Those charts you find very difficult to understand and chart, don't buy! Just wait patiently for a chart that you can understand the movement. Normally this is easy money. : ) But question is, do you have the patience? Don't get me wrong, i do admire people who chart very skillfully and able to dissect a chart movement with complex indicators. But for me, as a full time employee, i prefer to buy those higher chances of winning.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, February 14, 2006

Stock Market STI index threatening breakout!

Look out Singapore, STI is trying to make new high!!! After at least 5 sessions of selling, market saw an afternoon of rebound. It came with the rebound in Nikkei bourse. The morning started like a thunderstorm with prices retraced terribly. What a nice way to end the session on a Valentine's day! hehe With my anticipation on Sunday night coming true, i begin to breath easier. I was squeezed very very tightly by the declines. Many a times I felt like cutting loss. Notice "felt" in that statement? Emotional trading!!! Alas i avoided that trap and stuck to my trading system. Now, i'm all ready to take profits from the market as the budget is being announced. If I manage to pull this one off, please remind me to share with you what I saw and observed that made me confident of a rally this week despite weak prices. Also the psychology part how i avoid selling unneccessary. Otherwise i will continue to improve and share only when things worked. : )


Sunray: Price decline on low volume.


DBS: Reversal signs are there, It will be better if the volume exceeds yesterday's volume. The bullish divergence is seen with some lax...ideally we should have a new low in price. However, 2 indicators indicated divergence and 20 day moving average looks set to be well supported.

GrowMoney QuickPick
Buy with care, it's no longer like Jan month where buy what cheong what pattern anymore..skills are now needed.

BeautyChina
DataCraft
MFS
Global Test
Noble Grp

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Monday, February 13, 2006

Happy Valentine's Day but Stock Market as usual.

Although I couldn't post my homework last night, this morning, i would like to wish all my readers a Happy Valentine's Day! Nevermind the up and down of the market for today....Let's all do one thing, look at your loved ones in the eyes and tell them, "I Love you" follow by a hug! *Sweet* : )


DBS: Last line of defense at $16.00

Sunday, February 12, 2006

Rally week in Stock Market!

STI 2420 withstood the selling last week and I liked that. I see it as a flush of weak holders instead of smart money getting away. I could be wrong but that is how i see the selling last week. It is precisely why I increased my holding to 6 stocks. I anticipate a rally ahead of the budget annoucement on Friday. Let's not forget another reason for a rally could be the 2005 GDP results on Thursday.

Just as last Friday, I saw many retailers queuing for the exit by selling due to price weakness. One thing they did not check is the average volume. I checked that and decided to hold my positions. One thing is for sure, I made my own decision and if i am wrong, it is another experience gained. I can read all the books available, i can listen to all the advise around but i will not learn if I don't place a trade. Just like reading a book on golf and think that I can play the game? No way! Practise makes perfect. The same for trading.


Rotary: Expect corrections and I will hold tight tight! $500 million contract is not the end.



Sunray: Low volume price retracement continues. The lower shadow on Friday seems bullish.

GrowMoney QuickPick
It is higher risk then reward now, no stock pick today till Monday.

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Thursday, February 09, 2006

Stock Market's Rebound Humbled

Added the 3 charts i couldn't post last night.


Sunray: Despite lower price, the volume remained relatively light.


DataCraft: How I rode the waves


Rotary on the weekly chart.

Our market rebounded in tantem with US trades overnight. However, it was a pretty weak closing. I think we displayed true blue Singaporean spirit of kiasu'ism maybe. Nikkei closes up 160 over points yet we only manages 3 pts. Anyway, I read the rally of US as strong! It should continue tonight. Let's see. Chinese have this saying, " Opportunities amidst Chaos" I still expecting selective counters to finish strongly tomorrow.

I have difficulty uploading my charts to this website. Hence I will post it to my yahoo group instead. Luckily I have kept a group otherwise I cannot continue to share! :P Those who are not in the group, i will try to upload tomorrow morning instead provided no problems with the hosting server. But of course the most simplest way is to join my group! :D

There are no quick pick today as i was busy looking after my 6 holdings. I tried to look for lobangs accross the board but I couldn't focus because i have no more bullets. Hence I decided to analyse my own holdings.

Wednesday, February 08, 2006

Another Stock Market Technical Glitch Made In Japan

We began the morning same as the past two days with selling pressure due to overnight US losses however again, buying beging to rebound the price of many until the noon sell off! Bloodshed! Japan had another technical glitch and many retail investors sold out of fear. It certainly spoilt my mood for lunch. There were some rebound in the afternoon and i think it is important! It shows bargain hunters are still willing to pick up some stocks. BeautyChina, MFS and Celestial simply bucked the trend. By the way, Celestial was in my quickpick yesterday : ) It made me more comfortable and be willing to cultivate patience that one day...just one day, i will buy into another Celestial-to-be!

I did not sold into panic nor fear. To tell you i feel no fear will be the greatest lie. I am afterall a fellow Singaporean like you. So what i promptly did was to close my trading window and only looked at it closer to closing....boy was i glad that I escaped unscathed! It is important to stick to my own rules inorder not to look silly when prices rebound. I know it all too well because I was a victim before.

For tomorrow's actions, if it is really just due to the technical glitch from japan, market should rebound strongly. If it doesn't, i will be bearish. But with budget day coming...i do not see much downside. We, citizens of Singapore need to feel happy inorder to vote properly. How can we vote with paper loss bearing in our mind? hehe


Sunray: Chance of a re-entry? I already owned Sunray at 0.460. Given the kind of actions now, i am very tempted to add on to my position. However i'm wary of the current market direction. I'm greedy to see a "MFS" type of performance here.


Brilliant - Harddisk sector, recent volume and price surge is taking a break. I like the light volume retracement with RSI still showing strength.

GrowMoney Quickpick
Brilliant
Sunray
ChinaSky
Manwah
Metro
Pearl Energy

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Tuesday, February 07, 2006

Stock Market Edges up cautiously

Wow! It was another day of selling in the morning and buying at the close. Our Market refuse to go into corrections. Anyway I thought the selling during trading hours was very healthy for a sustained uptrend. As soon as the market kicked off this morning, almost all online broker service was paralysed. Everyone was complaining and I fear a la Japan of panic selling through broker. Luckily order was restored just as there were rebound in prices. Now what really sets me thinking is, if retailers are selling, who are buying? Perhaps smart money waiting for retracement to add on their positions? Hmm..one of these days, i must talk to a fund manager and find out how they function.

Another thing i realise is the importance of "homework". If you have done your homework and know the reasons to why you buy the stocks, chances are, you will make very informed decision when you decide to sell. While i am honoured to be consulted on various stocks, but i'm really not that good in analysing a stock that i have no interest in. First thing first, i don't buy stocks that do not have a well defined uptrend, in a sector that is not likely to be in play, suspicious management, manipulative nature and "cold door" stocks. I also don't like to bottom fish as i haven't mastered the skill. So far i lost more than i won bottom fishing. I also avoid contra. If I can't afford a stock, i will wait for one that is suitable to my pocket to come along. Too many losses can dent your confidence. Hence I sincerely hope that you can forgive me if i'm not giving you any worthwhile comments on your stocks.

Look out for China stocks...they have risen considerably high...so not stop trading but trade with care! :)


Sembawang Marine Progressive charting, Nice volume actions with channel trading on a uptrend. FY05 results soon....watch out.


DataCraft: Progressive charting, Uptrend intact with earnings out tomorrow. Rally time! But then again not really unexpected since the CEO already mentioned a double digit growth.


Sunray: Progressive charting, healthy retracement in my opinion.

GrowMoney QuickPick

Celestial
Sunray
Pearl Energy
Tiong Woon
ASL Marine
Federal
Sembawang Kimtrans
Sembawang Marine
Zhonguo powerplus
Manwah
ChinaPetro

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Monday, February 06, 2006

Stock Market no strength to go.........Down! hahaha

Our market started in red and astonishingly finished in positive territory. This is very good signs of a bull market. I remembered reading in a couple of books to look out for morning selling and afternoon buying as it is a sign of bullishness. I recall some top analysts projecting a correction right from the day market started to rally. They were right once in mid January when the bulls took a breather. Now market proceed upwards and again they are calling for a breather. I am too feeling toppish. However! I will not cease trading! If i have stuck to my on gut feel, i wouldn't be able to enjoy the warm SunRay! hehe This lesson goes to show that while personal opinions are often wrong, stock market is never wrong.

This is the results month, do take note of very quiet counter ahead of earnings report for quickie trades! I favour oil, gas plays.


ChinaFlexP - Because it's a penny share, because it's from China....i think the retracement should be heavily scrutinised!

GrowMoney QuickPick
I hope you appreciate my late nights in providing the best picks for you at no cost hor. I urge you to support my blog! :D Statistics shows that only about 5% are supporting while most of you didn't....so sad!

Federal
Pearl Energy
Ferror China
Rotary
Ellipsiz
Trek
ST-Eng
Semb Marine

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Decipher's ToTo QuickPick

Here's my pick for the 1.8 million Jackpot tonight! :D

11, 13, 16, 25, 37, 42

Good luck!

Sunday, February 05, 2006

A Bullish Stock Market

The bullishness of the market has driven lots of stocks to overbought and even over value in some cases. I don't know why but my gut feel keeps telling me something is missing. Banks have been noticeably poor in their performance lately. I wonder Temasek's vested interest in foreign banks has anything to do with it. Although i'm still wary of a sudden U-turn, I am and will continue to make money!!! haha! No way am i going to be stupid to just stand aside and keep waiting for the sell down to come. If market is going to go up a few more days before it collapses, why not profit the few more days?? Maybe the few more days can become weeks! Who knows! As long as I stay nimble and cut position when wrong, i will be fine.
The underlying excuse for the bullishness are very obvious, General Elections and Budget day on the 17th. Guys, if you believe in Astrology, it says something big might come our way on the 19th.


Semb Marine: while the rest of the oil and gas play are celebrating, this baby is very quiet. I smell consolidations


Sunray: It was in my quickpick list on Thursday and I bought! I bailed out of Sembkim and got into Sunray just in time!

GrowMoney QuickPick
Trek
Rotary
Sembkim (Chances of re-entry)
Ausgrp (Chances of re-entry)
HoBee
TatHong

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Saturday, February 04, 2006

GrowMoney Quick Pick

GrowMoney QuickPick is a list of stocks which Decipher analysed to be of a good chance to move up north.

These stocks are filtered according to volume and price actions. I have also added my own technical readings and experience.

You should analyse the stocks and base any decision on your own analaysis or advise from your licensed broker.

Thursday, February 02, 2006

Stock Market near 52 weeks high again

STI rallies to 52 week high again since 2006 began. Everything starts to feel topish again and I am taking a precautious mood. Cautious but nimble. Meaning, I won't stop trading! :D haha

Something about distribution and healthy retracement to share since many asked me this recently. I can't guarantee these are all the signs. I will continue to learn and then share.

Distribution, when there is huge volume but price refuse to make new highs or close unchanged for a number of days.

Healthy retracement, where weak holders are shaken out so that price will soar again. The thing to watch is light volume as compared to the average daily trading volume. The best is less than 40% in volume.


Semb kim: I sold for a 5% ROI. I didn't like the high volume and tight price close at the high of a recent rally. Although I could have waited for a confirmation for a retracement tomorrow, but I decided to take profit first. My experiences tell me there is nothing wrong to take profit when unclear. There will always be a better stock nearby. : ) "Tian ya he chu wu fang chao, he bi tan lian yi duo hua" hahahaha

Growmoney Quick Pick
Incase you guys wonder, i do buy my own quickpicks. : ) These are the possibles after I done my homework. Quickpick list is not for show or fun only. Infact my blog is for the like minded, GrowMoney!

Trek
Aqua
Stats
Biosensor
Noble
Singtel
SPC
SunRay
Semb Marine

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.

Wednesday, February 01, 2006

Lessons on selling too early in the Stock Market

Today I included 2 charts to share my obervations of taking profits too early. I encourage you to read it since this is the weakness of many and I often get many people asking me for Target Price to sell. Really, Decipher employs the method of selling only on weakness. Hence I do not place target price to sell although I do look out for weakness at resistance levels. I mean we have all seen break away stocks, this is one very good reason to stick with your stocks. I will never forget what the legends said, "It is not how many times you win, rather it is how much you win when you are correct and lose when you are wrong!" No one can win all the time. So if I were to go for 2 bids or 3 bids profit, what about my losses? Is it also 2 bids, 3 bids? What if I am wrong 6 out of 10 times? Nett profit or loss? Review your strategy now!


AusGrp: I sold too early on fear. This is why I always emphasis on Psychology of trading. It never fails to make a trader looks silly. Oh by the way, this is my first win after cutting Onion Tech. : ) Let's see if I can break my own record of 7 consecutive wins!


Capitaland: Although I took a 97% ROI, although no one can sell at the exact top, still there is lesson to be learnt here for re-entry and ride it for a 300% ROI.

GrowMoney QuickPicks
Have you notice my quickpicks getting more and more solid? :) Those who like it please do your part to reward my long nights of bringing the best picks to you at no cost hor. Thanks! :D

Junma
MediaRing
Ellipsiz
CHT
LandWind
PacAndes

DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings. Copyright © 2006 GrowMoney Blog. All rights reserved.