Due to my busy workload and upcoming performances, I would be updating less but this does not mean I'm taking my sight off the stock market.
The next week would be a good week to start shopping around for more counters to hold for the mid to long term. Will be off short term trading for a while, as it would require constant monitoring in the night that wouldn't be too friendly on my well being.
Ok, I got to go. I would try to update as much as possible but it'll depend on my schedule. Happy investing!
Sunday, August 23, 2009
Friday, August 14, 2009
Start shopping again
Haven't blogged in a while as the new school term had started, and there were plenty to be busy with.
Had sold off about half of my SGX stocks before and slightly after the market had corrected, and while the index hovers around the region of 2600 and prices of some counters have dipped, it is time for some stock shopping again.
Having made the mistake of overdiversifying earlier on, I had to be more selective this time around. The thing about buying a little of everything actually increased risk exposure, and profits if any, were little for each counter. Hence the investment horizon had to be longer if any significant gain were to be realised across the stocks.
Decided to focus more on the REITs and property stocks this time around. Bought in Yanlord Land in the morning, and still queueing for Allgreen Properties.
Had sold off about half of my SGX stocks before and slightly after the market had corrected, and while the index hovers around the region of 2600 and prices of some counters have dipped, it is time for some stock shopping again.
Having made the mistake of overdiversifying earlier on, I had to be more selective this time around. The thing about buying a little of everything actually increased risk exposure, and profits if any, were little for each counter. Hence the investment horizon had to be longer if any significant gain were to be realised across the stocks.
Decided to focus more on the REITs and property stocks this time around. Bought in Yanlord Land in the morning, and still queueing for Allgreen Properties.
Friday, August 7, 2009
Fabchem China reports highest ever quarterly revenue
Fabchem China reports highest ever quarterly revenue
Admist investors cashing out and the market correcting, some good news released at noon sent the stock price of Fabchem to a high of $0.19. This is quite a jump considering the price has been hovering around the likes of $0.11 to $0.13 for the past 2 months at least.
For a better picture, you can check out the company info and charts at SGX under company all-in-one information.
Bullish sentiment surrounding Fabchem is likely to carry on to next week.
Admist investors cashing out and the market correcting, some good news released at noon sent the stock price of Fabchem to a high of $0.19. This is quite a jump considering the price has been hovering around the likes of $0.11 to $0.13 for the past 2 months at least.
For a better picture, you can check out the company info and charts at SGX under company all-in-one information.
Bullish sentiment surrounding Fabchem is likely to carry on to next week.
Thursday, August 6, 2009
a correction
Sold off a considerable number of counters yesterday and this morning. It seemed that the market has started a correction as the STI plunged back to around 2600. It's a good thing I've decided to cash out on several counters to recoup some capital for the next uptrend. Perhaps an index of 2550 would warrant a re-entry into the market, this time focusing on certain sectors like technology.
Had some 'excitement' in the US market last night, where stocks were on a rally. Managed to capitalize a little on the wide and crazy fluctuations of Amercian Axle and Manufacturing and did some day trading.
Perhaps one could pay some attention to Citigroup tonight.
Had some 'excitement' in the US market last night, where stocks were on a rally. Managed to capitalize a little on the wide and crazy fluctuations of Amercian Axle and Manufacturing and did some day trading.
Perhaps one could pay some attention to Citigroup tonight.
Monday, August 3, 2009
cashing out...
So the rallying continues through the most of last week and peaked at 2680 as it closed about an hour ago.
Cashed out of several counters today. These include Hyflux water trust, Hupsteel, China New Town Infrastructure and NOL. For the first three mentioned, it just seemed that steam was dying out for them considering the looks of the MACDs and moving averages. NOL had an unusual spike in prices today, and hit $1.78, close to its year high of $1.82. All these after hitting a low of $1.65 in the morning. I've seen enough volatility in NOL and is not one of the counters I would wish to hold over the next few months.
I have the intention of streamlining my portfolio over the next week or so and getting back the capital for the next market correction, when I can finally correct my mistake of over-diversification.
Cashed out of several counters today. These include Hyflux water trust, Hupsteel, China New Town Infrastructure and NOL. For the first three mentioned, it just seemed that steam was dying out for them considering the looks of the MACDs and moving averages. NOL had an unusual spike in prices today, and hit $1.78, close to its year high of $1.82. All these after hitting a low of $1.65 in the morning. I've seen enough volatility in NOL and is not one of the counters I would wish to hold over the next few months.
I have the intention of streamlining my portfolio over the next week or so and getting back the capital for the next market correction, when I can finally correct my mistake of over-diversification.
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