Monday, June 25, 2007

Scale down positions

I am back! It was a fantastic 2 weeks in the market where almost all the stocks were going up. Today I took profit on Amara and Equation in a bid to lock in some profits on the way up.

Amara has a big gap up and I reckoned it will be closed and that is where i may look to load up again. Equation broke out on heavy volume and I opt to sell into this rally. It was decent profit and hence i decided to lock in. As for the rest of my holdings, i will be looking to sell if weakness appears.

Earning season is coming up and it's time to look at companies that will report good results. Buy now and sell into the rally. It will be good for markets to pull back this week. This will make room for earnings play towards the upside. I also noted that we had very very huge volume transacted over the last few days. Average is maybe at 4 billion shares exchanged hands. This means there were more participation. I would flag the current market condition as high risk and hence will not be buying as yet until clear directions. Big Ben is going to speak this week... that could set the tone for next month.

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, June 12, 2007

Decipher on Reservice

Guys, i underestimated my Reservice this time. This time round, it's Monday to Saturday FULL day with Night training! Hence won't be able to write anything about the market. I'll be back 24th June 2007 Night!

However I am still in touch with the market! Using GPRS, if you have a poems trading account, you can log into ur watchlist via GPRS to poems wap website. It's fast and the price quotes are not delayed! :D Those who are always on the move may want to set up this connection. : )

Another piece of good news, my technical analysis course once again SOLD OUT! : ) Everyone must be trying to beat the GST hike!

Next intake will be announced in due course.

GrowMoney Growth Fund
CSC
YongNam
Jasper
PDC
Equation
Noble Grp
Swiber
StraitsAsia
Amara

*No new trades done over last few weeks.

Stay healthy, stay happy, I will be back!

Thursday, June 07, 2007

Property Sector

For STI to reach 3,800 or 4000 points, property to lead the way again? I noticed they have been quiet since the last correction in February. Fundamentals are still strong in this sector. Should market sentiment remain firm, high chance of this sector to shine again. Earning season is just a month away, perfect reason!



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.

China Bubble



This picture shows a banner that said "Instead of Robbing, why not speculate shares". A banner right in the heart of a town in China. haha

Wednesday, June 06, 2007

Market Directions

Tonight I studied the possibility of where the market can find support. This is because after the Shanghai Market corrections, HSI remains vulnerable and we saw US side under going the same corrections. Like I always said, when big brothers overseas sneezes, STI won't stay up for long. Hence I will be watching closely these support levels and selling/buying strength. It should be noted leaders of the market remained weak and we have been going up leaded by second class market citizens. Classic setup of a corrections by theory. Following are charts of 3 regional markets where I participated in.

I recall my article on May 22nd, weakness was already seen and felt. My strategy was not to be agressive in buying. My anticipations was a sideway market. Hence I didn't trade much and you seldom see me post articles. While I think we should have corrections, we do not need to tank big time. Market can always trade sideways to wash out weak holders and squeeze contra players.

As I am going for reservist next 2 weeks, I am left with 2 days to decide what should I do with my positions. By leaving it on the table and not able to follow the market for 2 weeks is high risk. By taking money off the table while i'm gone, i may risk some more upside, but at least money is in my pocket. Otherwise, I can insured myself with PW.

Other than preparing for reservist (Been going to E-Mart to do shopping.....uniforms getting smaller or rather, i grew fatter! hahaha) and i'm calling time out to my career and going to do something different. Watch out for my announcement! Finally, those who went through this before will definitely understand my pain.... RENOVATIONS!! Gosh I just hate to manage the budget and the works... as a trader, i always avoid nonsense and just focus on a buy or sell clear cut decision making process. But when it comes to RENOVATIONS! Gosh!!! Very troublesome!! How i wish all these can quickly settle and thus freeing myself for trading. Last but not least, am coaching my other half to trade options... I feel happy that she can manage by herself now!!! Just need to beef up her know how on market directions, psychology and trading strategies. The most amazing thing i notice is, all she does is follow my simple rules (4 red 1 green, 4 green 1 red) and viola! She doesn't even know alot about market. This is definitely food for thoughts for those of us who over analysed....

Tomorrow will be edgy...those with weak heart may want to go golfing range and not look at the reactions to avoid selling into panic.


Straits Times Index



HangSeng Index


Dow Jones

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, June 04, 2007

Shanghai Exchange Ignored

GrowMoney QuickPicks
Amara
Banyan Tree
Koh Brothers
STX PO
UTAC

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.