Wednesday, September 16, 2009

Beware - Do not own the stocks i am eyeing

Tonight I present something that has been missing from this blog for a long time - GrowMoney QuickPicks. Please pay special attention to these stocks because these are the stocks i am eyeing. At this stage, you do not want to hold the same stocks that i am in because i am not at the best of my luck. Thus good luck to you if your stocks is one of the following.... haha

GrowMoney QuickPicks
China Sky

Other than F&N, the rest are pennies. I think the play is still in the pennies. The fact that the bluies are not running is still a warning to me. My strategy is to long just one of them.... this first win is what i need to know that i am on the right track. China pennies are particularly cute because of their National holiday is coming and also upon seeing HSI breaking key resistance. Having said that, isn't it wierd? With FTSE and HSI breaking into new highs... Nikkei and Dow still ai mai ai mai....

Bluechips really is lacklustre as we are heading near Mt. 2700... nan dao a big pop up is coming? I was trapped in the shooting star last week when 2700 was pierced. I went on a buying spree in an opinion we go to at least 2750... alas it was not to be and i have to run my longs and suffered a blue-black eye. If we pop up again, i will STILL try! Yeah, the rule of the game is, when i lose, i lose small, when i win i must win big which will cover most of the losses if not all. Thus i cannot miss the next big run either up or down otherwise it tilts my equation. I do not need to sit by the sidelines as i feel i am still healthy to trade. I am still thinking objectively and do not hold on to hopes or losses. I know i need to stand aside if i begin to feel revengeful, despair, hopeless, clueless.

I am still short on HSI and no new positions. I will cut my HSI if we do not see a sharp sell-off over the next few days. Bear divergence leh... nan dao i am so suay until bear divergence also work against me? Did i mention Dow also has one? The CPI surprises on the upside... if it was the old days, the market would have sold off... because it means interest rate hike may be coming... right now Obama keeps saying they won't pull out from the bailout too fast too soon... they say recovery may be weak.... now we are very fragile... so a hike is pretty remote.. or is the market running higher so that it has room to fall because a hike is coming? Are they going to risk inflation?

DISCLAIMER: The contents in this website are for fun reading and must not be taken as a buy or sell advice. You must do your own analysis on top of my postings. By reading this blog, you agreed that i am not responsible for your trading.