Wow..just came back and saw a surprise.Basically all the stocks froze just the way it was when I left home. I realised that sgx had a total system crash, all the online trades are off quotes so all online trading down. Best...never see this kind of things before in a world class financial hub before. Haha, must be too much volume for sgx to handle, total crash. Either everyone rushing to sell or everyone rushing for bargain hunts. I kind of think it's the latter.Btw, system restored already, I received the news from dbs vickers clarity news, at...
Wednesday, February 28, 2007
The sky is falling
I'm seldom blogging at this time of the day.Usually when I do, it's either I'm done trading for the day, or the website is down and I cannot access. So guess which one?POEMS and dbs are down today. DBS sometimes can access, sometimes can't. I'll call it unstable then. Some conspiracy theory points out that when market is extremely bad, these brokerage houses cater to rich clients, so small retailers (like me) won't have a chance to dump your shares higher than those rich clients. Well, who knows such things other than those involved right?As...
Tuesday, February 27, 2007
Worldwide market crash (maybe a correction?)
Why did worldwide market crash today?The most important reason that comes to my mind is the talk by alan greenspan, predecessor of Bernanke. He said that a recession (mind you, he did not mean correction) is hard to avoid for US towards the end of the year. I believe he means this in a good way, because the moment you say that bubble is about to burst, the bubble stops bursting. His words still carry enough power to cause STI to drop like a tank by 70 over points.Next, China shares is downgraded by some brokerage house (can't remember which, must...
Monday, February 26, 2007
Raffles education
Raffles Edn sees 40% profit rise a yr for 5 yrsRAFFLES Education Corp Ltd, a regional operator of design and business schools, expects to grow its net profit by at least 40 per cent every year in the next five years as its student base expands, particularly in China.'A 40 per cent annual growth in our bottom line in the next five years is achievable,' Raffles Education CEO Chew Hua Seng told XFN-Asia in an interview on Thursday.In the last three financial years, Raffles Education's net profit increased by an average of 81 per cent annually, registering...
News to share
These are some news that I heard across the floor.First, Indonesia navy prevents the supply of granite overseas, not only the sand. I think what will be affected will be construction stocks. Perhaps genting too. Genting hasn't been doing too well. I think there's even a brokerage house downgrading. Okay, brokerage house downgrading could be because they want to buy, so..keep your eyes open. I'm still not vested in Genting yet. My price is around 0.71, haha!Secondly, HK is going to announce their budget this wed. Will they come up with a cutthroat...
Friday, February 23, 2007
Genting net loss 47% for 2007
HSI went down -250 points then went up to -98 points in one day.Not bad not bad, shows its strength. This movement today covered a gap shown a few days earlier already, so it should get ready to rally up from now. Today's drop to test support is an indication of how strong it is. Not too bad at all.Today's highlight is genting's report. I can't be bothered to look through everything. I only see that the net profit for 2007 drops 47% from 2006. Is this a sign to get all worried? No lah, I don't think so. Firstly, casino IR is not even built yet....
Thursday, February 22, 2007
Osim's results is out
Just saw Osim's results.Was it good? I'm not good at fundamentals. I just looked at the important things they announced. First is the net profit: It dropped 28% year on year despite the increased in revenue of 24% (including brookstone). Secondly, decent dividend given at 1.43 cents per share. Quartely profit fell 1.4%. What I like about Osim is that it is vying to be a global brand instead of focusing its business in singapore alone. Singapore's...
Words from the wise
This is from Joshing, a skilled technician in my opinion. He does short term trades, usually a few days to minutes that kind, and is dead accurate in the reading of charts. He does not believe in complex indicators, just simple price actions and volume because he once said that indicators are lagging, so why believe in them?I like his style a lot.Here's why I chose trading over long-term investing for stocks -If you could read the market, and could see when it will go up and when it will go down, would you want to take that risk to buy the stock...
Wednesday, February 21, 2007
Sold my capitaland warrants
First thing in the morning, I sold off my capitaland warrants.Don't know whether it's a curse or a blessing, because initially I wanted to sell off in the morning then buy back lower in the afternoon like the whole of last week. Unfortunately, I think this week is property play, all the stocks involved in properties like capitaland, kepland, city development, sp land, all cheong like nobody's business. Really no goverment type of cheonging man.Too...
Friday, February 16, 2007
China 3G license report
ANALYSIS-China 3G: seeming delay masks network rollout 16 Feb 2007 14:20 By Sophie Taylor and Judy Hua SHANGHAI/HONG KONG, Feb 16 (Reuters) - The latest setback on China's rocky road to issuing third-generation wireless permits isn't all it seems -- rather than pushing back the launch, Beijing is giving local players such as ZTE Corp. <0763.HK> a headstart, and kickstarting a network rollout. After years of delay and with a potential $10 billion of network gear orders in the balance, Beijing is extending pre-commercial testing of a homegrown...
Finally logged on to dbs
Finally I can log on to dbs vickers online!Incredible, can you imagine how 'happy' I was, after not being able to log on since 840am till 4pm? Don't say that I didn't tried calling them at their useless customer service hotline. The line is really too hot, since last year, I can only recall being able to talk to a real person hiding behind the false front of automated voices, perhaps like 5 times?Dbs vickers online website reached a new level of...
Can't log onto dbs again
It's early morning.I tried to wake up early to short the market, but I can't log in. This is like..what? The 100th time that DBS hung up on me? Sigh...I'll get the poems account after new year, for sure.Why short the market? Today confirmed profit taking day. Longweekend ahead with only 3 trading day, but US side is not closed for holiday. ANYTHING can happen especially with Dow closing high on the 2nd or 3rd consecutive day. A correction is due which might spill over to Singapore.IF...if I can log on, I'll sell off my capitaland warrants. Hold...
Wednesday, February 14, 2007
Daily rantings
Turns out shorting hsi yesterday is a pretty okay decision.Today hsi went up all the way to 150 points before coming down again towards market close for hk. Overall, it gained 77 points. I'm slightly bearish for hsi, so will try o get rid of my call warrants as soon as possible.Something is not right. HSI cheong up 77 points, STI also cheong up 33 points, but all the counters are red. Very funny right? It's either someone manipulating STI to make it look really nice before budget day, or I'm imagining things. Why would anyone want to do that?...
Tuesday, February 13, 2007
I'm okay
HSI tanked like crazy, crashed 450 points down.I wanted to sell of my call warrants, which I did. But towards the end of the day, I just bought it back at a lower price to short it. If today fall so much, tmr can't be falling another 500 again right??I hope tmr hsi would recover somewhat, probably i'll just pare down my stacks, or just cut losses. Afterall, trend line not broken yet...it's just dangerously sitting on it. Just like our dear STI. We'll on the top of a peak, can fall either side now, haha!Tmr is the release of results for capitaland,...
Monday, February 12, 2007
I'm feeling SOooo much better now
I am feeling so much better.It comes after you've accepted you rightful place in the stock market. I, for one, belongs to those who lose money (a lot) in a bullish market. Okay, I suck big time. But I'll improve.I told someone that if I ever going to die, I'll just put all my money PLUS go and borrow 1 million or something THEN I'll just whack one warrant. Within the day, I'll know if I made multi-fold or go bankrupt. Why go suicide at MRT tracks, go do a 'big' one lah!Of course, I'm not desperate yet. Just fantasizing because some idiot thought...
Saturday, February 10, 2007
Why punish longcheer so harshly?
I'll post a short one, half drunk now.Longcheer got a massive punishment from the harsh market. Its results is not so good, but surely not as bad as other counters who are making a loss. It dropped from 1.18 to 0.935 in one single day, can you imagine my losses??This one really got to put in cold storage and freeze it, can't touch it for now. Hopefully when China announces 3G licences, longcheer might wake up. For now, simply untouchable, especially when all the shortist all come out to short this stock to all time low.My portfolio is bleeding...
Thursday, February 08, 2007
Longcheer result good or bad?
HSI went roller coaster today.Before that, DBS cocked up again. Went I checked the website, I found that the warrants which I bought is gone from my watchlist and I couldn't check the quotes. So, I called them up and eventually all was settled just before 10am. Wasn't that pissed off today.Okay, HSI went down 250 points straight from start. Some banks thingy happening in hong kong. Just look at the charts below, the black line is yesterday's closing....
Wednesday, February 07, 2007
3 Cheers for Longcheers!
Quite happy today :)Firstly, I bought hsi call warrant again after it dipped down in the morning. I bought another 5 lots at 0.39, averaging upwards to a average buy price of 0.3375, total volume of 10 lots. The effective gearing of my warrant increased slightly to 17.49 from 17.21, so let me do an estimate of the price given different hsi levels:Today closed at 20,680 - 0.40020,800 - 0.44020,900 - 0.47521,000 - 0.510 (jackpot)I've already broke...
Tuesday, February 06, 2007
New strategy for warrants
I am trying out a new strategy for warrants.I bought call warrants on HSI last friday and basically just forget that it was there. This approach was quite different from previous trades on warrants because I was typically glued to the screen and had to keep on refreshing. This is because firstly I bought rather big volumes, secondly I was trying to do intraday trades. Even a one bid difference with high volumes will make me break even already. I thought this was rather risky because my technicals isn't there fantastic..yet. I won quite a lot during...
Monday, February 05, 2007
STI preparing for CNY rally?
Was surprised that STI held steady today, given a negative close from US last Friday. In fact, throughout the morning, it even increased up to 30 points upwards, but later drop to the present level of +5.64.A stream of good news must be the reason why this bull refuses to come down. Firstly, there is the budget day 15th Feb (if I'm not wrong). The key thing to note here is the corporate tax cut by a minimum of 1%. I think that if corporate tax is...
Saturday, February 03, 2007
Food for thought
Just saw sgx announcement for Friday.Saw 2 announcements that caught my eye. Firstly is for fabchem. They recently sold 29.9% of their shares to Dyno, another mining company in US (i think) for 0.70 per share, way at a premium to the current share price (around 0.55?). They appointed 2 directors to sit on the board of fabchem, which should give fabchem a proper direction to really tap the china and perhaps overseas market. Fabchem is one(if not the only) mining company and is the only such company that deals with explosives in SGX. Perhaps this...
Friday, February 02, 2007
DAMN U DBS
Time to bash DBS vickers online again.Bought a call warrant for hsi, 5 lots at 0.365 when HSI breaches 20,600. Went down a bit and rallied up till the warrant price became 0.42. You know, I wanted to sell because I wanted to go off already. So guess what, DBS HANGED UP ON ME AGAIN!! THE WHOLE BLOODY SERVER JUST KAPOOM! WTF are u guys doing at dbs?? Now it's 0.375, slightly in the red by less than $5, but I could have got a profit anything between...
Thursday, February 01, 2007
Dow saved our ass
Dow saved our ass.A decent minutes released by fed meeting last night causes dow to almost break its record, and causes quite a rally throughout the regional bourses. STI went ahead to get its new record high again by rising 42 points, HSI recovers from yesterday's drop to rise 323 points up.Looking at hsi, we're rather at a crossroad. Stochastics still shows signs of downtrend, perhaps going to do a reversal now. RSI will begin to show uptrend...
OSIM
To those concerned, here's iocbc recommendation for osim. After they released their profit guidance statement yesterday.The link is here: http://info.sgx.com/webcorannc.nsf/560dd4b031b97d27482571b20043d38c/f4f46a9663f2574a482572740033e987?OpenDocument(join the two together without space, it's too long to put together in this blog)Basically, the profit guidance statement says that they expect their 2006 profit after tax to be lower than 2005 by a...
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