Sold everything

Because we are in a correction.

Today (2nd Nov 09):

• 10 lots Midas @81.5c
• 20 lots Boustead @ 73.5c
• 2 lots Kep Corp @ $8.07
• 12 lots RMG @ $1.33

Singapore market (not juat STI) is holding up remarkably well.

Update tomorrow (3rd Nov 09):

• Sold 26 lots Cambridge @ 44.5c

Calculated a nett 28K gain (approx 28%) over 2.5 years (July 08 to now)... this includes a terrible bear market and probably the fastest recovery we'll see in our lives. Includes dividends, and estimates brokerage.

Now keep a watchlist of counters showing strength - this correction may end in a week or two.

Picking oversold stocks in an uptrending mkt: 4-red 1-green

Mkt has consolidated over the past 2 weeks, used the opportunity to jump on board - week 11 of this rally. Aim is to find a good entry point for individual stocks - oversold, or at least not overbought, in case the trend turns and I have to cut loss.

Some examples below, four-red one green indicator. Lets see how they work out in future:

Keppel:


CIT:

Midas:

SIA Eng:

Yanlord:
Looking at +ve MACD crossover: did not seem to work so well in a strong uptrending market as it gave signal only during/after large move. Interesting example from RMG below:

Bought

Yesterday (Tues 26th May):
- 4 lots Yanlord @ $1.98

Today (Wed 27th May):
- 1 lot SGX @ $7.20
- 13 lots Midas @ 66.5
- 3 lots SIA Eng @ $2.53
- 8 lots tat hong @ $1.15

Believe the brief consolidation period is over... Just ride the trend - hope the rally lasts a while longer...

Cut loss

Sold 25 lots Cambridge @ 33.5c.
Several days bought 13 lots midas @ 67.5c, cut loss today at 65.5c.

Two quick trades - did not work out. Loss is abt $800 (incl brokerage).

Look to enter more cheaply later.

Sold Midas. Market looking topish

Sold 18 lots Midas at 64c. 2.3K profit in 2 days. Got lucky, this was not planned. Wonder if it will keep going higher.

Market looking topish. 11 of the 20 stop volume stocks on the SGX today were at 20c or below. Only 1 was above $1:
Will sell more if keeps going up. Mabye half my position at a time. Am expecting a consolidation soon (not necessarily an end to this rally) - wait to see how the US goes.

There was a picture of a bull on the back of Tuesday's (5th May 09) Today paper. Waiting for it to appear on the front...

Bought Midas

Bought 14 lots at 57.5 cents on Wed (9-1-08).

It is one of the few stocks in an uptrend. Price/vol action does not look so good however, monitor to make sure the pullback is in lower volume.... Fridays action was a bit worrying.

Just trying to ride the trend. Techincals only, no fundamentals.