A blog that contains a random list of stock picks (Singapore and U.S) from your good old neighbourhood investors. Do have a look and invest at your own discreet...
Window dressing for many indexes? Many blue stocks went up today but not the penny stocks.
Will see if can do one or two more trades during this correction before the pennies start to recover. Here come June. Wish me luck as how I wish for everyone. Huat ah~~!
Now is I am currently almost 100% in stocks le. Just left with ammo for one or two more trade. The rest would be on contra if I ever got them at the queue price. Now my two biggest holdings are China Taisan and China Environment. I hope I can get Taisan @13-13.5cents this time round. Miss out the buying during the last correction in March. Will me luck~! Hope you guys have some cheap and good deals in this correction! Cheers and HUAT AH~!
As mentioned in previous post, the price is going lower for many counters and its shopping time for me. This down turn, or correction, is once again due to Euro debts problem, which is pretty similar to the correction in March. I will still continue to buy in when the price goes lower. I believe many are in oversold territory and should recover unless something 'big'happened.
I am taking the risk now as I am going against the 'fortune-teller' chart where it predicted that June is the month that would take a dip before recovering in July. Hopefully this chart would be just referring to STI index, as many penny stocks have already dropped quite significantly even STI only dropped around 5-10% from its recent top.
Seems like the news in US and Euro zone has set the mood right for market to plunge in end May or early June, as predicted in the fortune-teller chart that I have shared earlier. Even though I have mentioned many times that I will try to reduce my holdings even if I need to cut lose, I have failed to do so so far. Cut lost is one of the most difficult thing to learn/execute for me.
Instead of reducing holdings, I am now into 'shopping mode' once again. Will look out for oversold stocks as it is common during panic selling during correction. As usual, will sell with just half or one cent profit. Hopefully when school holiday comes, I would have more time to monitor the stocks and able to make certain critical decision/trade when time comes. In the mean time, hope ppl out there are full of bullets now, and are able to buy cheap cheap stocks during this correction! Cheerss!!
Another boring day for me. STI is correcting as expected. However, pennies, especially my stocks pick did not have much movement. Have a bit of time and hence did some research on some pennies stocks.
China Animal Health - Drop to 27.5 cents on closing today, from the 32.5cents high recently. thats close to a 20% drop. This is in sharp contrast to the company recent Financial Report which post a improvement 60% in Net profit at around RMB58million.
Good prospect industry and the company gives out regular dividends. However, the thing that I am not very comfortable with this company is that the PE ratio is about 19+ (base on shareinvestment.com website). Will look to buy in if the price drop to 25 -26cents.
Fuxing: Another china company which deals with zippers. Good results for 1Q2011 and give out regular dividend as well. Relatively low PE of 9 and a respectable dividend of about 5%.
Will look to buy in if the price drop to about 14-14.5cents.
Qingmei: Base on the website I have shared above, Qingmei has a PE ratio of 3 and yield of 9.7%. Recently reported a good financial report as well. Net profit up 18.7% to around RMB73.2million. Company still expanding its production capacity as it shows confidence in the market. Drop to 20cents recently and was tempted to buy in. However, the price shoot back the next day when it reported its financial report. Now its at 23cents.
Will look at the company again if the price drop back to around 21-22cents.
Queue for tml:
Buying Queue:
119894ISDN.SGISDNOrder Received Buy 0.16 ---May 12 2011 08:09PM
119889SNT.SGSinotelOrder Received Buy 0.255 ---May 12 2011 08:08PM
119874CTST.SGChinaTaisanOrder Received Buy 0.145 ---May 12 2011 08:06PM
119868DIH.SGDapaiOrder Received Buy 0.155 ---May 12 2011 08:05PM
Selling Queue:
85666DIH.SGDapaiOrder Received Sell0.17 ---May 11 2011 05:16PM
85482CEV.SGChinaEnvOrder Received Sell0.205 ---May 11 2011 05:15PM
85378CTST.SGChinaTaisanOrder Received Sell0.165 ---May 11 2011 05:15PM
85176CTST.SGChinaTaisanOrder Received Sell0.16 ---May 11 2011 05:15PM
Market continue its uptrend despite the rising in oil price, the persisting euro debt problem and also the possibility of a double dip for US housing sector. Even though STI is moving up, there are many pennies still not moving much. Will continue to queue to clear more whenever possible.
Buying queues for tml:
57438ISDN.SGISDNOrder Received Buy 0.165 --- May 10 2011 07:36PM
57437SNT.SGSinotelOrder Received Buy 0.255 --- May 10 2011 07:36PM
57425CEV.SGChinaEnvOrder Received Buy 0.185 --- May 10 2011 07:33PM
Selling queues for tml:
57434DIH.SGDapaiOrder Received Sell 0.175 --- May 10 2011 07:35PM
57432DIH.SGDapaiOrder Received Sell 0.17 --- May 10 2011 07:35PM
57431CTST.SGChinaTaisanOrder Received Sell 0.165 --- May 10 2011 07:34PM
57429CEV.SGChinaEnvOrder Received Sell 0.21 --- May 10 2011 07:34PM
57427CEV.SGChinaEnvOrder Received Sell 0.205 --- May 10 2011 07:34PM
GE is over and the result is within expectations, hence no freak result. Therefore, I would think Monday should not have any huge sell off. This is furthermore strengthen by the fact that oil price continues to dip to $97/barrel. This will reduce the fear of very high inflation, slowly. This month, according to the feng shui chart, is supposed to be 'flat', then followed by a dip in June. Will continue to observe how the market turn out to be like. Now is still about 30+% cash in hand. Will try to reduce the stocks holding to just 50% by end of this month if no special event/news. That's even if i need to cut lose..
Dapai(bought@16.5cents) to sell @/17cents
China Taisan(bought @16.5cents) to sell @16/16.5cents
China Environment(bought @20cents) to sell @20.5/21cents
Buying Queues:
800948 CEV.SG ChinaEnv Order Received Buy 0.19 --- May 06 2011 05:37PM
800937 CTST.SG ChinaTaisan Order Received Buy 0.145 --- May 06 2011 05:37PM
800921 SNT.SG Sinotel Order Received Buy 0.25 --- May 06 2011 05:36PM
800900 ISDN.SG ISDN Order Received Buy 0.16 --- May 06 2011 05:35PM
Selling Queues:
800877 CEV.SG ChinaEnv Order Received Sell 0.205 --- May 06 2011 05:34PM
800866 CEV.SG ChinaEnv Order Received Sell 0.21 --- May 06 2011 05:33PM
800852 DIH.SG Dapai Order Received Sell 0.17 --- May 06 2011 05:33PM
800845 CTST.SG ChinaTaisan Order Received Sell 0.165 --- May 06 2011 05:32PM
800833 CTST.SG ChinaTaisan Order Received Sell 0.16 --- May 06 2011 05:32PM
