Celestial has been the talk of the town with it's surprising strong sell down today. On the contary, something seems to be brewing with ChinaHong. $2 stock now!!! Amazing! It goes to show how volatile china stocks are. Take extra precaution when trading them. Anyway, you will find that I have been very quiet lately. This doesn't mean i have stopped trading. I just acquired Gallant last Friday. F&N a stock shortlisted last Thursday moved up 8 cents today. I wonder if Gallant will disappoint me.
Anyway, I have cut a number of stocks, Chinasun, MediaRing and Synear. Yes, Synear. Bloody hell!!! Today went up. It goes to show last week sell down was "man made". Tricky!
Current holdings:
Gallant @ 0.920
SembKim @ 0.650
ChinaDairy @ 0.560
Cosco @ 1.31
Midas @ 1.02
Tat Hong @ 1.17
2 stocks i am looking at tomorrow:
Longcheer
SinoEnv
Weak pullback with volume will be perfect entry for me. Otherwise, a quiet open may be another good opportunity to enter.
Indices wise, I am looking at Nikkei for a chance to play long. The strong rebound today caught my eyes. As soon as there is bottoming action, i shall long a strike at 16,000.
Due to my commitments at ChartNexus, I am preparing for more XPertTrader workshops and my own Technica Analysis Classes in December'06. Over the weekend, I had been doing lots of backtesting on strategies for the time period from 1996 to 2006...10 years. I would say this backtesting really made me learn lots of things as i analysed all the charts to confirm the results. If you need such a backtesting tool, do not hesistate to visit www.chartnexus.com or you can ask me in the shoutbox or drop me an email, I will be glad to help. Better still, comes join us at one of our free workshops. See you there!
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.
