Super Long No See

Hi everyone,

I wonder whether anyone still reads my blog after such a long absence in terms of posting...The lack of post is mainly due to the super, ultra, extremely busy Q4 2007. In fact my life has really ignited with the start of Q4 2007. Quitting my job, receiving life changing information from seminars, rushing a big business deal and having exams for my masters.....

I have really learnt so much stuff over the past quarter....Esp from the business deal...it's not really the profits but rather the experience gained...how the business process starts from sales right up to production, delivery, payment, procurement process/requirements etc....

My exams for my masters did not go that well....the course was really hard and i felt that the marking was unfair because it was on the same scale as the full time students....and most of them were scholars, they are really good and i dun tink i will ever beat them....I think i will defer a semester to concentrate on my new job....

Feeling excited about the new year...mainly because of the new job....at the same time I guess I have to wake up earlier , work longer hours and even on weekends....but seems that I have found back my drive because of this new job because it's much more relevant to my interest and much closer to the markets....The prospect of working in a foreign bank front office is really exciting....Wealth management will mean that I will be meeting alot of ppl as well as facing alot of rejections....but well that's part and parcel of it....my job is to create and manage ppl's wealth...

in fact most of my friends' reaction to my new job is that it really suits me...haha I hope everything will go well and hope everyone will support me by becoming my client..hahahh

About the recent markets, I can see that many ppl got burnt....or feeling v depressed over the sea of red in their portfolio....haha that's part and parcel of investing and trading....I guess some of you guys haven not went thru enough or are not experienced enough to hedge your positions when the indexes are at their peak....everything boils down to 1 rule: what goes up must come down and what goes down must go up too....Always hedge ur positions....on how to do it...hehe contact me personally...

Knowledge is power!

Merry Xmas and Happy New Year in advanced!!

Trade updates....Good Trade!!

Closed out on my STI Call Warrants at strike price 3500....good trade again...but it was a close shave...dangerously to my stop of 50% for it...in the end closed it for a profit of 20%...decided to take the profit....

Used the $ from the warrant to buy LottiVision which specialises in lottery business...the fundamentals and technical analysis looks good and I believe the earnings are quite stable for its business...plan to hold this until the Xmas rally.....

This month and next mth will b a good time to ambush for the Xmas rally...ppl who followed on DWS SG, LC Phillipines and Korea shld be just having very minor losses...by Dec shld be having some profits just in time for Xmas shopping....

For ppl who followed me with the warrant trade, congrats and my advice is to convert the $ into UT or some stocks and hold till Xmas...

Good luck!!

Farewell to my beloved grandmother....

It's been a saddening week last week with the departure of my grandmother....it's particularly sudden because there was no signs beforehand and I just took my grad photos with her just a few days b4 it happened...but well I guess that's life....The good thing is that there was no pain or suffering on her part....

Over the past week, I have spent most of my time at my void deck....it's good in a way because I can keep my grandmother company...I don't like to show my sadness etc in front of all the visitors...so it's during the nite is when I can really have my own private time with my grandma...I feel very disappointed by the fact that the beliefs of some ppl actually prevent them from paying their last respects to their own kin...it's already the last you can do and yet you don't want to do it...*nothing to say*

it just shows how extreme these ppl have become and honestly it's very unhealthy for our society.....Well...everything is over and I don't feel like talking abt it any more...life goes on and I just hope everything goes well for my grandmother wherever she is....

Just started my lessons at SMU and it's really a nice campus....very conducive for studying and the administration is very helpful....lessons are pretty interesting but I tink sometimes I drift off easily maybe because I am tired after work....Hope I dun fail any modules...haha

For the markets....tink nowadays u can see many ppl face black black and it's because they r losing $....the contra players will be hurt most....for ppl who are holding on....it's ok...just lead ur life as usual and just wait for the recovery....what goes down will come up also....for those who have spare cash...congrats..it's time for bargain hunting...I maintain my BUY call for the funds listed in my previous posts....already done DCA for them...planning to buy more when it drops...haha pay day faster come....

Now i just wan to earn lots of $$, repay my mortgage loan for my parents, my 2 study loan etc and buy a car....and of cse in the process, staying healthy and spending as much time as possible with my family and friends...

Take care everyone...

Crash or Correction?? & STI chart

Hi everybody....I hope everyone is coping well with the subprime and credit woes on Wall Street....haha at least I am...if you take a look at the front page of fundsupermart, the top performing funds are all bond funds....if you are tinking of switching to bond funds, personally I think it's too late..US treasury yields are at their highest in 18 months and why should you buy at the peak?

On e other hand, equities seem cheap now...esp South East Asia Equities....basically it's a good time to buy in countries like Taiwan, Korea, Singapore, Malaysia or SEA as a whole....Even Europe looks cheap....Just remember, buy within ur own limits....don't contra or buy with $ that you cant part with...that's what investing is all about....

Many ppl have asked me for help on what and when to buy and honestly there is no best time to buy or sell because no one knows the top and bottom of a trend....you can only position yourself to have better odds...

Look at the chart above and it's not hard to see that the STI has retraced abt 10% from the top of >3600 pts and support is forming at 3300 pts though it was briefly breached today...The way STI came back from down 120 points to close at abt down 53 points is a good sign...meaning buyers were back and there was quite alot of short covering....

The blue chip and banks actually look cheap now....it may not be cheapest but it's time to slowly buy the Singapore UT or ETFs....The top 3 banks in SG have strong earnings and if not for the subprime & BNP problems, i tink STI would have hit back to 3450 level today with strong growth forecast and bullish comments made by our leaders over NDP...The subprime problems do not really affect SG that severely because the exposure by the banks are not that great and I think they can easily earn back their $ from other areas....

Overall advice....buy and buy and buy more equities now....slowly and steadily and quietly....and i guess you will be just in time for a nice Xmas gift =) .... now is really the Great Singapore Sale for STI......

For more advanced players, you might wan to cover ur Long positions with some STI puts on the way STI recovers so as to hedge your exposure...

Good luck!

Trade updates...

STI has been plunging....haha when i say this tink alot of ppl are going to kill me.....but I am happy....for a few reasons of cse....plunging simply implies more buying opportunities.....

Congrats on those who followed on HLG, ROWSLEY and BANJOO...the first 2 were good trades...but the 2nd one was not....but netting off the 3 and u shld get a pretty decent profit....

Those who followed on LC Phillipines maybe nursing around a 9% paper loss....but no worries....it's a UT....meaning a 10% is a vvvv good discount....so I will continue my BUY on LC Phillipines....do some dollar cost averaging on those who already invested....

Going to issue some BUY signals now....LC Taiwan, Korea, Thailand, Malaysia, DWS Singapore, LC SEA (Medium term: target 10% by December)

For long term investing....Star Buy will be Infinity 500 and Infinity European Stock Index....

For the more adventurous like me....STI call warrants with expiry 30 Oct....take loss 30% take profit 50%...STI is abit oversold now from the charts....but it may be a technical rebound....so be careful on the warrants.....The investors still wary of the Collaterised Debts Obligations (CDOs) exposure of the 3 major banks in Singapore....but UOB did well in their earnings and this should support the STI...

Good luck to all and Happy National Day!!