My Market, My Picks!
Traditionally, UTAC is a stock akin to "Buy on Rumor and Sell on News". I'm
glad this time is different. Perhaps, the margin of profit widened now. Statschp,
the Ugly Duckling that I brave against the Trend and TAs and brought it; turned out to be a "Prince Swan"! According to Netresearch, Statchp Cash Flow is still red ,yet today's performance was commendable. This means more upside can be expected. Chart also looks better and encouraging.
As I cautioned yesterday, Cosco was down 2 cents. My new found love, SingTel
turned "sexy" and did not fail me today. A good 6 cents up. In fact, intraday
limit was 8 cents. SingTel is a stock that I really like and vested in and out
a couple times already.
Off track abit, to be successful in Singapore Market, we have to take a certain
amount of risk; for instant, if we will to wait for confirmation of uptrend,
we are already too late! And if you watch carefully, buying on most Breakouts
are often met with Dead on Arrival (DOA); even in high volume environment. Meaning
a step too late, and often has to "hold baby" after purchased. Trading
cannot be played with a prefectly sure endeavour, for instance, to buy SingTel
at $2.47, we reckon that is too risky. Now at $2.53, we say that is too expensive,
price too high now so to speak! So, so, you see the logic?
Tomorrow, I shall not expect any huge movement as the weaker hands will take
the chip off the table prior to the Holiday and enjoy their Chinese New year.
This is understandable! After the holiday, Tech and Oil related company can
still have a go for some profit. In far term, surely, other sector will rein.
You will notice that I am a bit "long-winded" on this sector thing. Why? As
simple as this: "If You are in the right sector, the probability of winning
is great, and you WIN!" Surely, this is what we are here for! Right?
glad this time is different. Perhaps, the margin of profit widened now. Statschp,
the Ugly Duckling that I brave against the Trend and TAs and brought it; turned out to be a "Prince Swan"! According to Netresearch, Statchp Cash Flow is still red ,yet today's performance was commendable. This means more upside can be expected. Chart also looks better and encouraging.
As I cautioned yesterday, Cosco was down 2 cents. My new found love, SingTel
turned "sexy" and did not fail me today. A good 6 cents up. In fact, intraday
limit was 8 cents. SingTel is a stock that I really like and vested in and out
a couple times already.
Off track abit, to be successful in Singapore Market, we have to take a certain
amount of risk; for instant, if we will to wait for confirmation of uptrend,
we are already too late! And if you watch carefully, buying on most Breakouts
are often met with Dead on Arrival (DOA); even in high volume environment. Meaning
a step too late, and often has to "hold baby" after purchased. Trading
cannot be played with a prefectly sure endeavour, for instance, to buy SingTel
at $2.47, we reckon that is too risky. Now at $2.53, we say that is too expensive,
price too high now so to speak! So, so, you see the logic?
Tomorrow, I shall not expect any huge movement as the weaker hands will take
the chip off the table prior to the Holiday and enjoy their Chinese New year.
This is understandable! After the holiday, Tech and Oil related company can
still have a go for some profit. In far term, surely, other sector will rein.
You will notice that I am a bit "long-winded" on this sector thing. Why? As
simple as this: "If You are in the right sector, the probability of winning
is great, and you WIN!" Surely, this is what we are here for! Right?
posted by SmartYInvestor at 11:58 PM
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