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