PapaSoh joins the fray!!

Yo guys!! Din know have this "underground network" till Merv posted in the new FB page.

Just short intro, for me I am too a more mid-long term investor. Got into stock intially based on hear-say "kangtaos" from my bosses who know and always meet up with those CEOs of listed companies. Well, I have learnt a hard lesson that hearsay is basically=bullshit!!! However, its also good that I have met a few of these CEOs and/or venture capitalists and get to know them and their personality and character. This has certainly widened my view of how these rich people work and their way of doing things.

For the US mkt, lessons have also been learnt. Initially went in when Lehmans crashed as i applied the theory of when people sell, u buy. It was correct and I bought AIG, Diamond offshore and Goldman Sachs. THEN, due to cash flow reasons, I realised my paper losses!! I was left to rue that decision as looking at the stock prices now, I have lost out big big time had I held on to them....but still its a lesson learnt...very painful though. To illustrate, I bought Goldman Sach at around USD$110 a piece, now its trading at USD $167 a piece....:((((((

As I do not have much cash, I personally feel that its not worth it to speculate and buy and sell many times cos end up the profit will be negligible after all the brokerage and related charges. Thus I look more to the mid-long term scope of the company. I am just beginning to learn how to read all the complex reports and have frankly not applied it to all my holdings. So far they are doing ok as far as profits are concerned. So at least my "tikam" works ofr the time being....haha...

Moving on, once i have mastered and leveled up my proficiency in reading the reports, i will adjust my holdings accordingly.

Portfolio :(Bought $$$ ; Last Traded $$$)

SGX (SGD)-

1.) China Environment ($0.295 ; $0.24)

2.) Genting SG ($1.53 ; $2.14)

3.) Genting SG ($2.08 : $2.14)

4.) Sun East ($0.02 ; $0.02)

5.) Ecowise ($0.19 ; $0.13 **however I have realised the losses of ard $500 at $0.145 already**) have sinced earned back the losses from Holdings no.2(genting)

US (USD)-

1.) Goldman Sachs ($148.50 ; $167.71)


Thats all folks....till the next update.....
thoughts today: Genting went down 6% today from $2.28 yesterday to $2.14 as of lunch time...:((( substantial losses of earnings!!!

RiskyAl - 009

Trades update for the week

Bought:
China environment @25cents.

Holdings:

Action Asia @19.5cents. - recently just publish its FR. Going to give out dividend again for this financial year. Base on the current price (19cents), the dividend yield is close to 8%.

**Revenue rises 21.3% to S$130.1 million in 3Q2010

Net profit for nine months ended 30 September up 26.4% to S$25.3 million on 49.5%increase in revenue to S$291.0 million. The Group’s earnings per share (EPS) in 3Q2010 went up 25.1% to 2.19 cents, while theEPS surged 49.0% from 3.41 cents to 5.08 cents for 9M2010. The Net Asset Value (NAV) rose by 18.5% from 18.9 cents to 22.4 cents for the nine months ended 30 September 2010. The Group announced an interim cash dividend of 0.50 cent per share for 3Q2010. This isDecember 2010.**

China Environment @25cents

Proposed dual listings in Hongkong recently hence decided not to wait at 24cents anymore. Great industrial potential which deals with controlling of air pollution in China. Business would be good when china implement stricter measures in controlling their air pollution. Limited downside.

China Taisan @19.5cents

ADR and TDR. Strong recovery for the past 2 quarters. price is lagging behind as compared to its peer china gaoxian. Will continue to load more if the price drops.

Currently Looking at the following stocks:
1. Changtian
2. LeeMetal
3. Aztech
4. Li heng

Will give more infor when decided to buy the stocks.

Missed opportunities:
1. Dapai
2. China Gaoxian

Have been queuing to buy those stocks but didnt hit my buying price. Hence missed out a quite a fair bit of profit if have gotten those stocks.

Gaoxian has risen from ard 18cents to now 24cents. thats almost 33% increase.. This might be due to the news of dual listing in korea. Hope this will also help in increasing the interest in textile stocks, and taisan might be the next one to chiong as it is going to be listed in taiwan stock exchange as well.

Dapai came down from 23.5cents due to its profit warning. it went down to as low as 19cents. that was my first prediction that i have told chao. However, trying to be safe, I lowered down the buying price again and missed the opportunity to ride this rebound to 22cents.

Random thoughts:

Print More Money = More Money moving around the market = Possible of continuation of this bull run. My previous prediction for STI this year would be highest 3300. Now its just merely 60 points away from it. Hence I feel that STI might just break this barrier and enter into 3400-3500 range, which was our Chao's prediction of highest point for STI this year.

Moving forward, I will be looking at laggards stocks, as they will slowly but surely catch up with their peers PE valuations. As long as the profit is stable and is giving out dividends, their price should be moving north as well. Will be interesting next week. DOW is up closed to 200 at the point when I am typing. Will my pennies start to move next week? Patience.. like what chao has said..

Huat ah,
Ah Lam

IceCorp - 001

Hi all,

As predicted, I will probably be the least active contributor on this blog due to my style of stock investing. As it is there is no material change in the makeup of my portfolio, this post will be just an update on the Forex market and my trade.

This week has been a very interesting week in the FX market. In my previous post, I predicted the Aussie will rise to parity therefore I took a long position in the Aussie. With the RBA announcing a surprise rate hike to 4.75% this week, it pushed my current AUD position to an all time high which was around parity.

I decided to hold on with hopes that the Fed annnouncement of QE2 will be at least as expected which will have a dollar weakening effect. (Taking abit of risk here). With Fed announcing asset purchase of 600 Bn. The AUD rise up to another all time high since it has been free floating in the 80's. I subsequently closed my trade at a profit of abt 200+ pips.

Going forward, the FX market will be probably be event driven with the underlying dollar weakness flowing thru most pairs. Although I believe there are still opportunities to short the dollar, I'm increasingly wary of the whiplash that we may face when the institutional speculators unwind their short dollar positions, therefore I should be going for a tighter TP point and in general shorter trade duration compared to previous weeks. There are still ECB and BOJ announcments to come this week ensuring a choppy market. Personally, I would stay out of the yen dollar trade due to the risk to BoJ intervention as yen is approaching its 15 year strongest against the dollar.

Till next time.

IceCorp

SafetyChaos - 007

Nov. Portfolio Update

STI

Kingsmen Creative @ $0.62

Teckwah @ $0.34

GLP @ $1.96

US
Trident@ $2.10

Moody @ $22.50

Wells Fargo @ $23.50

With only the addition of GLP from its IPO, there isn't much changes in my portfolio. Here's a break down on the individual stocks

Kingsmen Creative

• Since they will no longer be announcing anymore ad-hoc contracts (quote from a very good blog, http://sgmusicwhiz.blogspot.com/), there's not much news release. Prices are quite stable for the past few weeks. They will be releasing their financial report soon.

Teckwah

• Interesting stuff is happening in this stock. There're 2 days in the past few weeks where one can see a surge in price and volume for reasons I don't know. As compared to other companies, it only releases 2 financial reports a year. Which explains for its often lack of volume. But things might be starting to brew...

Global Logistic Properties (GLP)

• A new IPO from GIC. First trading day sees it surges to about +10%. Initially, I have only planned to hold it for 2 weeks. But it seems to be doing quite well lately. Will monitor closely for this week and determine whether should I sell it.

Trident

• My oldest stock to date. Been holding it for around 1 year mainly because it was in the red. Haha... Recently it surged to $2.50+. Did contemplate to sell it but its business strategy did make me harbor some hopes for a good future prospect. Of course, part of the reason of not selling it when it reaches $2.50 was because I though that it'll go up even higher. Greed in action. But still, I must say that the direction its management team is taking does sounds promising. Only time will tell whether my decision to stick to it is good or not.

Moody

• I brought this stock as a part of my experiment on some 'trading' strategy. To date, it's doing fairly well and provides a good hedge to Trident. It's recent financial results is good too. Will be receiving a very small amount of dividends. My first dividends from a US stock. If nothing goes wrong, I'll be selling this stock at the end of the year as my experiment comes to an end.

Wells Fargo

• Similarly to Moody, I brought this stock with the intention of experimenting with some 'trading' strategies. It's producing some good result at the moment. It's financial result is positive and will be giving out dividend. Coupled with Moody, this will be the second US dividend I'll be getting. The targeted sell date will be around the same time as Moody. I may hold on longer to this one in hopes of believing in Warren Buffett (wink)

Random Thoughts

Both STI and DOW have been producing some wild swings lately. A good gain today will be followed by a bad fall the next. Today, we saw a major +50 on STI. Majority of the gains are on the blue chips. The talk of the town recently is Thomson Medical. Peter Lim has just brought over it and that explains for its surge of +60%. I have been tracking this stocks since last year when it was at around $0.6. However, I did not trust my own judgement to buy it and thus, miss a very good opportunity for a big boost in capital gain. This is definitely one good lesson learnt. Have faith in yourself.

It's typical for people to hold on to 'losing' stocks in hopes of see them rebound in future, then to hold on to 'winning' stocks and see them rise even higher. One would be tempted to sell his winning stocks in fear that it may just drop the next day. This is something which i'm trying to pick up now.

2 more months left before we close the chapter on 2010. Can we see a good run of the market until the year ends? Only time will tell...

Regards,

SafetyChaos