The stock market has risen for the past 4 weeks and the ‘good news’ from the European Summit boost the stock markets by 3-4% on 27 Oct 11. And the market is also expecting China to step in with rescue funds for the debt-ridden European economy. The 50% write-downs on Greek debts will be bored [...]
As mentioned in my previous month’s report card, I had sold my stocks and stay cash for the moment. I am having bearish view on the market as I see many resistance for the market to break in order to resume the bull run. Europe is really in a bad shape and based on the [...]
The market had a bad run again. Too many bad runs in a year raised question on the integrity of the bull run. Are we in for a double dip? No one knows but my point of view is that there are more downside than upside at this point in time.
I sold all of my [...]
No much change to my investment portfolio since last month except for the addition of Heeton. I cannot wait for US to declare the raising of debt limit!
Orchard Parade – Bought $1.17, now $1.715 (+46.6%)
Starhill Global REIT – Bought $0.57, now $0.650 (+14%)
Fraserscomm – Bought $0.815, now $0.870 (+6.7%)
BreadTalk – Bought $0.59, now $0.620 (+5.1%)
The market correction in Jun 11 wiped out a large part of my paper profits. Market does not seem to be reversing its trend and hence, there was no reason to sell. Current price are based on closing price on 1 Jul 11.
Orchard Parade – Bought $1.17, now $1.46 (+33.9%)
Starhill Global REIT – Bought $0.57, [...]
The market has been range bounded for the entire May period. Silver came down to $33 from a high of $49, a 33% drop. I saw the opportunity to buy more silver but was waiting the market to be less volatile. I managed to bought more at $36 after the volume on iShares Silver ETF [...]
The market has rebounded a little in the month of Apr 11. The unusual thing is we start to see penny stocks like Dyna-Mac, Tuan Sing and Fragrance jump up by double-digit percentage. Silver also continued to reach new highs. I used some leverage for some of my investment stocks and have decided to wind [...]
In Mar 11, we saw the market reacted badly with the uprising in Libya and the Earthquake in Japan. I had to take the drawdown on my capital. Good thing that it was temporary and market has recovered. As long as the long term trend is intact, I will continue to hold on to the [...]
In my last trading report card, I said I intended to hold out stocks for a longer period of time. I was bullish (and still am), and had bought some stocks before Chinese New Year. On hindsight, you would know that the market was quite terrible for the past few weeks. But it was something [...]