Singtel post-action report

After posting the chart on singtel a couple of weeks back on 10th Jan, I was pleasantly surprised that it 'popped' on 26th Jan, with the price rising 2.3%. I had decided when I've posted the chart earlier on that I would not trade this counter. The reason is that the counter is too heavy, and I do not have a lot of spare cash. At most, I can only do 2 lots, but if I'm stuck with it, I do not have enough to average down nor do I want to lock up my...

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Finding a style that suits me

After being in the market for quite some time, I realized the style that is most suitable for me. The style that one adopts is important, because it caters to the different needs that one craves for and yet able to make a decent return. Due to the nature of my work, I cannot have access to internet all the time (nor do I wish to), hence intraday trading which I used to do when I first started is out of the question. That includes things like warrant...

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Try beating my high score!

I don't know what the fuzz is about the infocomm thingy, but it sounds like a great buzz is generating on the social media. I'm rather attracted by their graphic designs so I clicked in and went around to check it out. You can go in and take a look around at what's on offer..I think there's a scholarship for those who are interested in pursuing a career in it. What's interesting is that you can also get a chance to win the coveted xbox...

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Food for thought

I came across this wonderful quote by Mae West. I thought I should share it with everyone. It captures the spirit of not shortchanging yourself and living a life to the highest potential. What is considered 'right' is different for everyone, but I think the best way to find out if something is 'right' is to consider whether you'll regret how you live your life and the decisions that you've made. If you find that you are regretting less and less,...

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EZ-reload with POSB everyday card

I'm very happy with my POSB everyday card. After using it since May 2010, I realised that I've chalked up more than 60 SGD worth of daily cash rebates that can be used to offset anything from watson's purchases to credit card bills. Not too long ago, I became aware that POSB is offering 2% cash rebates on ez -reload. I think this is a new feature because I remembered working out some sums and concluding that it's not worth the effort. EZ-reload...

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Resolution: To spend more money

These days, I'm thinking how to spend more money instead of saving them. Why the sudden turn of events? I wanted to jump into a new and higher level of doing things (the "work less earn more" paradigm), hence I would have to change to a new and higher 'me'. If we want to have more fruits from a tree, we don't focus on the fruits. Instead, we focus on the roots of the tree, the hidden, the invisible. So, it goes that in order to jump into a new paradigm,...

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Being the right person at the right place at the right time

In life, it's often not enough to be at the right place and at the right time. You also have to be the right person, at the right place at the right time. You'll hear people lamenting that if only I'm born earlier, I would have bought this piece of landed property at cheap and after 20 years, I'll become a millionaire because of the property appreciation. But seriously, if you're not the right person, you might not even buy it even though you're...

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How to get the most out of a rights exercise?

Regarding rights issue, I've a fair bit of experience dealing with this, hence I would like to share some of my findings regarding the rights exercise. A rights exercise has got 2 components to it: a. Firstly, the amount of rights entitled to you and the price of the rights shares. This is basically the terms of the rights exercise. If a rights exercise is 2 for 10 @ 20 cts each, it means that for every 10 shares that you have, you're entitled...

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My money habits

They said that people get their money habits from their background and the kind of cultural baggage that you carry since the moment you are born till now. I think it's true. Let's see what kind of money habits are inculcated in me either subconsciously or directly: 1. I'm thrifty bordering on miserly My family just had enough, and not much more. Having two boys who are two years apart, my parents must have spent quite a lot on preparing for...

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Don't think out of the box

We've seen this advice all the time to think out of the box. However, we've been in the box for so long throughout our entire lives, specializing in what we do best. Now, didn't the great investor Warren Buffett said that we should focus within our circle of competence and don't stray too far from it? I don't think there's much difference between a circle and a square when we're talking about such things. So, should we specialize within our box...

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My reading list 2010

Since the year 2010 is over, I thought it's a good idea to review the books that I've read. Here are the list: 1. Have Spacesuit Will Travel - Robert A. Heinlein 2. World War Z - Max Brooks 3. The zombie survival guide - Max Brooks 4. Helmet for my pillow - Rober Leckie 5. Glory Road - Robert A. Heinlein 6. Stranger in a strange land - Robert A. Heinlein 7. The cartoon introduction to economics - Grady Klein and Yoram Bauman 8. The Odyssey -...

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How to pick the most successful person from your graduating class?

As I was added more friends to my facebook account, I was rather shocked and surprised to see some of my friends in different era of my life doing something totally unexpected. I'm sure some of you had this kind of thinking whenever you go for those class reunion. I think the earlier on in life, the bigger will be the shock factor. You might have known this friend of yours in primary school who is the average typical guy, but boomz, after several...

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Singtel chart

Singtel Thought this is quite a nice chart to look at. There's a descending wedge (with declining volume) and upon breakout of the upper trend line with higher volume and subsequently re-testing it, it seems that it's a good bet. Could be a gap cover too. Expected target is 3.19 thereabout, entry 3.04 to 3.05. Capital requirement is quite high for this counter, so the returns are not as high as a percentage. If the price goes below the lower...

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Repugnant resolution 2011

Today is a brand new year with an auspicious date - 1st Jan 2011 - 010111! Since almost everyone in the blogosphere is doing their resolution for the new year, I thought I should join in the bandwagon and do the same thing, but with a twist! I'll come up with naughty things that I should do for the new year :) Now, whoever says that new year resolution have to be nice and goody two shoes?! 1. Be more irresponsible The problem about me is that...

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