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Results season is coming to an end. Today i'm going to share 1
trading idea that has worked for me. I wrote in my last letter to the
group dated on 4th July 2006 that it was time to trade and look for
companies that were anticipating growth. It worked!

Let us zoom into ....."


Read more about it by joining my yahoo group! :D

Possibles or trap?

Celestial


Biosensors


MMI


China Hong

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.

Newton's law of universal gravitation

Livermore said, "Opinions are often wrong and market is always right". I remembered getting bearish about Hang Seng and was getting ready to buy the put warrants 2 weeks ago, that was my opinion and i didn't act on it until the market shows me it is turning. Last week there was a chance to buy the PW on Hang Seng when the shooting star on Wednesday was confirmed with a black candle on Thursday. I didn't execute my plan. I was careful, as Nikkei, Dow Jones, Nasdaq and STI were pushing ahead. I remembered, it was easier to win when global markets showed similar signs. So this was a choice of, do I want to take the risk or do I want to wait for a better opportunity. I opt for the latter because from my experience, i know market always present another opportunity, i just have to be patience and wait for the signal to arrive. Trading inbetween often results in unneccessary loss. Nothing wrong here although I missed a great chance to profit. I remember reading this article about Trading Gurus, when their trading account grow bigger, they take lesser risk. My account is still small, I need to grow my capital so I must be careful in my trades and not take huge risk. If professionals are careful with their customer's money, why should I be a Rambo with my own money!

Stock Market showed that it is not spared with Newton's law. What goes up must come down. We had a great run up last week and today market just have to retrace. But the magnitude of retrace is pretty scary. Both my stocks got hit real bad and I had to assess the damage tonight. For a healthy uptrend, there ought to be recovery this week. We should not see another heavy selling day otherwise it will be deja vu May'06... Let us observe what the market is trying to do before we act on it.


Cosco: RSI looks to be trending down and if support breaks, price should also break. Fibbo Retracement levels are in black, last breakout point 1.51 should hold as support.


UTAC: Price retraced to Double Bottom (Green) pinnacle 0.715. A handle could form with low volume, but it should not retrace more than 50% from the pinnacle to the bottom of the double bottom. I will be watching 0.690 closely.

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.

Lessons I won't forget

Tomorrow I'll be having my 5th AGM with my girlfriend! Yea, I ran my relationship like a listed company! haha Each year we will discuss the past year's performance of the relationship at some nice place and then forecast the coming year's expectations and milestones. hahaha So far we had only 2 EGMs in this relationship! I think it's down to those AGMs where we set expectations right. I found out the hard way before, how 2 individuals going into a relationship will result in conflicts and misunderstandings and that this time round I don't want to leave it to chance.

Now in this relationship, I avoided all the past mistakes I made earlier. This is the same as trading. We cannot just keep making the same mistakes over and over again! Both the EGMs were results of me working too hard and neglecting her. The last EGM was a major turning point. There is this lesson i learnt that i will always remind myself of, money is not everything. Then, I was just into trading and was losing my pants off. Morale was low and i was embarrassed by my trading results. Hence I dived into deep research and read whatever T.A books i can lay my hands on, seven days a week. I never gave up for I know I want to do trading for the rest of my life. Throughout this period, i sleep, eat, talk trading to anyone and everyone. One fine day, I won money in the market and was happily updating her when she broke out tearfully in one of those rare moment of madness, "All you care about are money and shares!" The words cut me deep. Here I was facing the woman I love and I had hurt her in the process of creating a wonderful future together...how ironic. Now you guys know why the picture on the left isn't smiling? :D Money lost can be earned back, relationships soured will leave a scar...

I asked myself, so what if I can win lots of money when the one whom I worked so hard for, isn't there to share the joy? What are my values in life? I then found my anwers, I didn't have a mission in life and that trading is all i care. Have you ever stop and ask yourself, other than for the money, why do you want to trade?Without a mission, I have no directions in life except to perfect my trading skills. Now I know perfectly what I want in life and trading is just a mean to get there. Whenever I took a loss or on a series of losses, that is what kept me going. My life is not going to be just about winning in the stock market. I envision the day when I can sit together with my aged folks and wife at my backyard watching my kids playing on the lush green knowing all our financial needs are sufficiently covered and no one can take that away from me.

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.

Traders caught offside!

If Singapore has to have a unique personality to market our identity as a global city, we are kiasu! Nikkei and Hang Seng close at highs. We??? Many traders and investors sold down many stocks towards closing prefering to be wary of how the US market will react to CPI tonight. Very very kiasu!!! Like that how to have global market??? lol :D

Anyhow, on a more serious note, it is never a good idea to see long upper shadows and we have a plenty accross the board! I do hope all those who sold today to feel the regrets and pain as the stocks resume their uptrend!!! hahaha The truth is, many people were caught by the reversal in mood and stuck at the highs. This is also termed as offside in my blog. So if the stock doesn't move back up the levels again, we might have margin calls and contra selling pushing prices down next few days.

I got into UTAC today. Let us view the weekly chart and daily chart to decipher what is going on here.


UTAC on the daily chart: I didn't like the high volume shooting star candle today. Stock has broken downtrend. I bought UTAC at 0.715 after it broke the near term resistance. Things were rosy as it rose steadily to 0.735 and I thought i bought at the exact moment!!! But..it ended with a fart....


UTAC on the weekly chart: Hammer was formed last week and i anticipate a white candle by this friday.

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.

Market showing resilience

I was bearish and getting ready to try put warrants. But! Market doesn't seem ready to head down. Maybe another leg up before corrections set in? Well, whatever it is, i should act what the market is telling me and not what i think it is going to do. I was alerted to media ring late Friday. The volume had surpassed the 50 days MA on my watchlist. I just had to try despite being bearish on market. Here I deviated from my usual Market direction first, Sector, Individual Stock. Market Direction is hanging near resistance still. Sector wise, MediaRing is the only ip telephony company listed together with Global Voice. It makes no sense to consider sector in this case. Individually, MediaRing's chart looks good for a try.


Biosensor


Asymmetrical Triangle with bullish reversal candlestick formation on high volume. I bought at 0.360. Also, I did a Fibbo from 0.275 to 0.44, the recent rally and found that the stock is well supported at 61.8% (0.340)

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.

Watch out For Offside Traps

This certainly is not bullish time to catch new highs. All the conditions to me are not perfect. I will never forget how easy it was for me to buy at the right time when everyone is making money. So far i'm glad that I have been avoiding making the same mistakes. This is still as important to me as 1 year ago when I started this website. Cut loss is a very important self defense in trading. However it is equally important to know when to trade! If you are off in your timing, you will have to cut loss often. Imagine having the discipline to cut loss but you are cutting more often than you win? Yes this is what happened to me in 2004/2005. Soon after while studying my losing trades, i spotted a pattern. The timing of the purchase was all wrong! All the books and gurus always said, you do not have to trade everyday. It is not how many times you win or lose in the market. It is how much you lose when you are wrong and how much you win when you are correct!!! That's it! Bingo! The key is how much are you winning when you are right about a stock? I look at my big runners, is it a coincidence that they run in bullish rally? So when the market isn't bullish, do you think they will fly? High chance...No! As an employee, i cannot afford the time to monitor for small gains. I need to trade in such a way that i have to catch big runners, leaders! With money management thrown in, it simply made it impossible to profit from 2 cents movement kind of trades. Hence it's important to know your risk profile too.

With HSI trading off it's all time high, Nikkei looking hesistant, Dow Jones failed to clear resistance and STI being flat to downwards biased, it may be time to turn bearish short term. Afterall what goes up must come down. It's good to pull back for a healthy rally. Now that my anticipation of the market is coming true, where we are down today as i wrote down on 7th Aug 2006, it has become a case of market showing me where it is heading. It's time for me to take actions. I will be looking at Put warrants for the next 2 weeks. Please scroll down to read my article abt trading warrants if you are interested.

Market awaits big Ben's speech

National Day is drawing near and we did not have a very joyous reason to celebrate NDP as yet. Market as been hesistant in rallying. Market will be closed on Wednesday and we will not enjoy any reaction to Ben's speech happening on our Tuesday night. Initially I thought of anticipating Ben's speech by buying index warrants. But a worse case scenario puts me off. It goes like this..... Tuesday night, Ben says he is not increasing rate hike and or he increase but say it's the last, market like it and spark off a great regional rally all around on Wednesday but us!! Yes! Because we are closed. On Thursday profit taking sets in and regional indices retraces in tantem and STI follows suit!! Remember while other index are having a field day, SGX was closed...hence it's not worth the risk for me.

I shall buy when I see reversal pattern on some of the stocks i have been tracking. I always try my best not to preempt the market by my gut feel. Let the reversal pattern occurs and I shall buy at the "right" time! I saw chinasun and sino retraces with relatively lighter volume...and if i had not been discipline enough, I will be holding at a high! Rather, I would like to see strength and buy signal before going ahead. August will be a tough month to crack.

Break the float, sink the ship

Tonight's title is a direct translation from a chinese proverb, "puo fu chen zhou". In English, it should have been burning your bridges. This will leave you with no choice but to move ahead in search of opportunities because you cannot fall back anymore. Why am I talking about this? Recently, I have been thinking alot, what am I doing, what do i want in life? Part time career? Part time trading? Can one really balance and be the best in 2 fields? I myself had felt that one should focus on what he does and be the best in it. Why am I not doing the same? I still remember end of May when I conducted my maiden trading talk to a group. I was very nervous and negative thoughts about lousy delivery keep flashing accross my mind as the moment draws nearer and nearer. With 5 minutes to go, i began to psyche myself up. I keep telling myself, if I am going to screw up, screw up big time! If I humiliated myself that night, at least I know I have tried. As the presentation went on, I began to slip into the "Decipher" of this blog explaining all the strategies, like a possessed man, I explained TA with passion and fire! When I finally finished, boy am I glad to have delivered value to the group of 27. It was especially satisfying when I shook their hands gladfully for the chance to be standing up there. It was the same feeling when I profit from a trade. A very satisfying feeling which spelt "I did it!" inside my head. This feeling was just awesome!

Now, I never remembered feeling so good about myself so far in my career. Though there were happy times when you were commended but the intensity of pleasure was nothing closed to the vincinity of trading. Even monetary rewards depend on how the company is doing and not what you have done. How about pay freeze? Do you still remember Increments that are smaller than brokerage fees? Bonus that is only equivalent to 1 week's pay? Is this what you really want in life? Working very hard and yet know that the pay cheque you are going to receive is exactly the same as last month? Or worse when you know how much you can earn this year because it's 13 months times your monthly pay only? If you work hard in your employment versus your trading, which one is going to pay you more? What would you do if at 45 and you are not wanted in your profession because you are old? Are you going to drag on in life until you have too much liabilities to dare move on to do what you really believed in? It's time to reassess priorities... puo fu chen zhou... Doing 2 things at a time is very torturing. It's either i am going to stop trading and give my career a shot and see how much i can earn or I am going to quit my job and get into the trading industry. I want to be as successful as I can be by the time I reach 30!


SinoEnv

ChinaSun in Focus

Breakout of Triangle with volume was actually a good thing, however today's high volume closed near day's low instead. Something that does not happen in a strong breakout. I had gone in at 0.905 after 0.895 stubborn resistant taken out. Why is the breakout not successful? I studied the conditions of the market. Hang Seng and Nikkei closing weak. Europe market trading largely lower at open. These are the sets of conditions at the point of my purchase. There were no strength accross the board. As tomorrow is Friday, my game plan is simple. If it closes lower than today, I shall take my loss tomorrow. The logic is simple, a sound breakout will not end in just 2 days.


Fibbo Retracement from the rally beginning 0.740 to 0.915.

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.

Market Anticipation

I am back!!! Gosh..before i left, i was hoping market consolidate on tues and wed then just nice rally on thurs to welcome me back...now it has done the opposite!!! :D

Refering to my anticipation on 17th July 2006. Our market is really going to take out 2450. I could see a higher low and higher high going to form. How nice! :D But!! It remains to be seen. Global indices have once again marching up high..Especially Hang Seng. But then again, this incline has been healthy with profit taking along the way, so I should not be surprise if the march up continues. If the march up continues, what should I do? What are the warning signs? Time to refresh my memory on past heartaches.

Jtech and Sino-env are showing signs of pulling back on weakness after breakout. Should I "masuk" now? Then there is the sudden strength in commodities stocks, Noble & Olam. I am late in this group!!!! Damn! But what to do, got to work. One day....just one day, I am going to walk out of my employment! As for ship repair sector, brilliant! Cosco behaves nicely just like it's group. This is what i learn from Livermore. He said to look at industry and sister stock. While i'm not sure if Cosco is a female or a male, one thing's for sure, it's ship repair arm is making money, just like Labroy Marine and Semb Marine. For now, the stock price of this group keep going north with Cosco and Semb Mar at all time high...Labroy will catch up soon. Now i'm waiting for one of these 3 stocks to show negative movements, this to me is a warning sign to heed.

As for tomorrow, it's gonna be Friday day after and a holiday next week. I will be watching index warrants instead.

Stepping aside of Stock Market for now

Market is undergoing mood swing. It is not the first time, it starts brightly and ends with a whisper. I never like this to happen especially to the stocks i owned...Jtech and Sino-env. I sold both today and still keeping Cosco as it showed strength today. Tuesday and Wednesday I will not be around and hence will not be able to react to any adverse movements. Sino-env had to be sold because I bought upon brokeout of 0.945 and today I sold at 0.950, suffering brokerage loss. It had went up to 0.985 today but I didn't sell. I don't feel stupid. I am letting my profits run. When a stock breaksout, it should continue especially at new highs. If there are enough supply to the buyers, most likely distribution in progress. I may be wrong, but I rather be wrong within my cut loss percentage then to hold and hope. For I know, a true breakout will be like Celestial or Cosco. They break and don't look back. I sold my Jtech after it fails to finish brightly and closing nearer to it's day low. I bought at 1.03 and sold at 1.12. Again, the stock touched a high of 1.17, but i don't feel stupid. My game plan is to let my profit run and cut my losses short. This way, I can be wrong 7 out of 10 times and my 3 times can more than cover back.

Today's market volume crossed 1 billion mark. Time to watch out for retracement. Nikkei and HSI are trading near resistance including Dow Jones and STI. I never like to buy near resistance. It's tougher to make money here since there is little upside left. A good time to buy would be when market retraces and many people dare not buy. Otherwise, it is also lucrative to look at indices put warrants. If you are interested, do choose an at the money or near the money or slightly out of the money warrants with longer time expiry if you can find.

Have a roaring good time guys!

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.

The week in retrospect

After 2 days of slump, today's bullish rally caught everyone by surprise! It started quietly and even up a little. But Tuesday and Wednesday wolves' cries were fresh on my mind. Hence I was cautious. The last straw came when Nikkei just keep going higher and when Hang Seng opened, hell break loose! We had a bit of retracement intra-day and that was when I dare dare tried Sino-Env since from the charts it's showing a breakout. Finally just before closing, I bought Nikkei warrants for a bet Dow Jones is going to rally tonight. Why did I bet on that? The conditions were similar! Similar to what? Just look at Monday's post. Nikkei close high, Hang Seng close high, FTSE trading high...isn't it the same as today? Well, I did say, if it ever happens again, JUST DO IT! This is not a blind bet, but a calculated bet. The conditions were right and I just cannot let fear stop me. If you ask me, do I feel fearful when buying Nikkei babies because it is no guarantee Nikkei is going up tomorrow morning? Yes I do! But my job is just to follow my trading system and get rid of emotions. If I am wrong, I will just make sure I don't lose more than I can afford to by buying a smaller quantity as the warrants can swing wildly.

I just completed reading my 2005 July's articles...woo! We had a great month then! Every other day the market rally despite high oil price, terrorist attack in London. Also, I revisited some lessons and was shock to see a young Decipher anyhow pick stocks!!! I was really just whacking any stocks that show bullishness. Now, I don't do that anymore. Before I buy a stock, there are many factors I would consider other than charts. For one, market direction is important. Actually, I also realise market timing. When you buy when the market is rallying, it is easier to make money. Guessing bottom or anticipating moves may get you wins and losses which nett up could be just small profits. I did plenty of anticipations last year. Livermore said, "Do not use your money to anticipate the next move!" Also, back then, I keep staying out while market keeps making new highs. Bad move! There are times when we can trade, and time we stand aside. The market doesn't rally all the time, if you see one, you try one. When you see a bear, either you stand aside or you try to poke it's backside for a rebound or reversal. Standing aside during a bull rally?? Young Decipher was plain stupid. :P

GrowMoney QuickPicks

Capitaland: Daily chart today close with a bull engulfing pattern. Weekly chart showing a possible bull engulfing. It should be confirmed with another white candle on the daily.

Keppel Land: Weekly chart has a bullish reversal pattern known as Bullish Harami and daily chart has a morning star!!! Very powerful one hor!

ChinaHong: Watch the 1.60 level. It must be broken with high volume.

Celestial: breakout of down trendline with volume.

ChinaSun: Watch for a high volume breakout of down trendline.

Rotary: Watch how it takes out 0.580. A tricky stock which may freeze on you for weeks.

Olam: Bullish reversal on the weekly

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.

Market Indices ki seow *crazy*

At the point of writting, Dow Jones and Nasdaq are having another crazy night! Dish of the night.....*drum roll* Stewed Bear paws! With conflict still on going, last week's sell off on Thursday and Friday looking bearish, Nikkei and HSI opened weak and then close strongly. I was tempted to buy their warrants at closing but my brains stopped me. I thought it's not wise of me to be gambling that tonight Dow Jones will rally. I should be placing bet after the market showed me where it is determined to go. However tonight I learn a lesson! If ever I see the same situation happening, JUST DO IT!!!

Tomorrow, my eyes will be on Celestial & Sino-Env. As for warrants, I will be looking to hold positions on HSI warrants.

GrowMoney Blueline Theory!
I like the following 3 stocks as they are trading near their all time high!
Semb Marine
Cosco
SinoEnv

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.

Markets replied with massive gains!

From the look of STI's weekly chart, it will be nice to close around 2383 or even break 2400. Because we will form a candlesticks reversal pattern known as Bull piercing pattern! Which is to say, potentially more upside next week. Another anticipation is a slightly normal reaction by world markets due to the big gains today. If we close mixed tomorrow, with the risk of Middle-east unrest, the brave ones might want to pick up some gems to hold over the weekend. The reward is ceasefire in middle-east and Monday you will be laughing all the way to the bank. The risk, is at most a small gap down. In my humble opinion, I do not feel a fierce sell off from here.


Labroy Marine


UTAC: Weekly chart forming a hammer if this week close between 0.690 to 0.710. But hammer needs a white candle confirmation. FA wise, plenty of house downgrades UTAC. So could be a fast rebound only.


Cosco Corp: Running into resistances soon But strength is seen in same sector. Labroy and Semb Marine.


ChinaSun, 0.845 is key...

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.

Market close mixed amidst profit taking

After a strong start, market closed mixed with upper shadow signalling profit takings accross the board. Too many data and results coming out of US this week. Ah Ben is going to speak again tonight and I feel market is being cautious of what can happen.

I picked up HSI Call warrants in the morning and when HSI opens, the call warrants went up. Swee! However it closed at my buy price. I bought because Nikkei open strongly and I remember the day before, HSI defies gravity and showed some strength in staying afloat 16,000. US charts suggest more upside this week. I didn't sell because I think US side can still have more upside and am willing to bet. Furthermore, the way I see Nikkei not going down despite heavy selling on tuesday as a good sign. Infact a friend added that he saw it as a chance to pick up cheap.

At the point of writting, DJ is up 120 points!!! wah! Both HSI and Nikkei have plenty of room up north...this time song liao! :D

My plan for tomorrow will be, if i wake up and see DJ close in the hundreds, i shall add my HSI CW and look to add my Cosco. Most of the stocks will gap up tomorrow, hence i shall focus on my current holdings. If stocks stay strong, i might pick good ones at 4pm.

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.

Betting on a short term rebound

Today I placed a trade on Cosco based on the bullish white candle which near closing i saw it's volume breaking it's 50 days MA which is also higher than the previous down day. This to me meant the bulls came back strongly. On trendline, it looks like a uptrend in the making. Another reason i had for buying today was a bet that Dow Jones will behave itself and nikkei will rebound tomorrow. HSI has shown that it refuses to go down.


I bought this at 1.03 and the selling yesterday caught me by surprise. Didn't had the time to cut. Since we are near the support right now, i shall bet for a rebound in Nasdaq which should help Jtech too.

Where Are We Heading

Tonight's study is on STI. It is important to know where the market is heading before I even look at individual chart. The line of least resistance is obviously heading down. I deduce 3 sceanrios.

A) Index looks likely to test 2280, if reach here and rebound, a possible reversal if the rebound take out the 2448 as set in July.

B) Index breaks 2280 and pulls closer to 2180, this is where we can fish for a rebound in index.

C) Index rebounds from the close today and takes out 2448, A higher low, higher high will be registered.

The above are my anticipation of the market. I do not act on them, simply, I act when it is happening. Another thing i noticed about some stocks, they are near the lows made in May when the market came crashing down. I am looking out for possible reversal candlestick pattern.



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.

Incredible Dragons

GrowMoney QuickPicks
The stocks listed below have the possibility of resuming their uptrend. Things to watch would be high volume and a white candle to confirm the reversal pattern. The bottom of the hammer is the support. But I think more importantly is that they close above the levels as quoted. High Risk!

UTAC watch 0.775
Celestial watch 1.55
ChinaPetro watch 0.755
ChinaSun watch 0.850
Landwind watch 0.505



Chartered


Jurtech

News:
Taiwan Mobile engages Datacraft for internal infrastructure upgrades and on-going support

KEPPEL CORPORATION LIMITED
KEPPEL SECURES S$30 MILLION CONTRACT FOR FIRST WASTE-TO-ENERGY PLANT IN FINLAND

Jurong Tech: JPMorgan Chase & Co. and its affiliates up stakes From 7.45 % To 8.37 %

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.

Reflections

As much as I am very dis-satisfied with myself for selling too early, i began to question my decision. Sold Celestial at 1.49 after seeing weakness in china stocks. It went on to test 1.62! Sold Cosco at 1.30 after i see hesistations at resistance. Today it closed at 1.35! These are all too familiar in my career. Trading is never easy. I remember times when i overstayed my welcome in a stock and see my profits go up in smoke hence this time round I decided to take quick profits. Miss I did, but profits I keep. Make sense? I'm not really sure at times because it really felt silly to be missing from the big moves however at the same time, if the stock reverses and took back your paper profits, I will look more silly. Gosh!! Indeed it's not easy! Recalling all the theories, I think it only make sense to hold and ride your way up is when the general market sentiment is bullish. Your odds will be higher. Right now, uncertainties still hang in the air. Regional indices were volatile and soon, our STI will be affected.

A good thing i did over the last 48 hours was to sell according to my plans. It cut away the emotional factor in my decision making. I noticed that many stocks did not have the strength to close at their high and this sound like alarm bells in my head. One by one, i took profits from my stocks. When i'm finally done, I went for Chinasun because from the chart, it's shooting star didn't have a confirmation and I bet for HSI to save china stocks again which we all know by now did not happen. I promptly cut today. The other factor was the wide angled view of sector or stocks group. They move in tantem and often you can realise rotational interest.

Now i'm 100% again and am looking for the next trade. Stay tuned!

News:
The Board of Directors of CSE Global Limited wishes to announce that the Company will release its second quarter/half-year financial results for 2006 via SGXNet after trading hours on 10 August 2006.

SPH's operating profit up 2.2% quarter on quarter. But!!! without it's investment income, profit is actually down 8.8% due to higher newsprint and other operating costs.

Chartered Results on 21st July

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.

Earning season is here!

Wow! Worldcup finally over. Frankly speaking i didn't watch much since semi final stage because it turned out to be an all european affair, no more world cup but european cup! haha

It is not my first time noticing china stocks have this underlying buying power supporting the price. Everytime it is beaten down, it rises from the ashes to stun everyone! I also noticed how Nikkei rebounded strongly today making it all possible for a big rally tomorrow. Hang Seng as usual showed resilience and I thought it had lead STI for certain days even when Dow Jones were down. I suspect Hang Seng is the reason why China stocks are so strong. Nevertheless, it is dangerous to chase high flying stocks. Strict cut loss is a must!


ChinaMilk


ChinaSun


Cosco Corp


JurTech

ChinaWheel: Blueline at 0.460. Watch the break of this key resistance.

News:
Semb Marine's Q2 result on 1st August.
SPH results due 11th July.
Labroy Marine interviewed by Reuters.

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.