SIA Eng

One of the few stocks still above its MAs:

Awaiting:

• TL break, with either high vol or same-day MACD crossover.
• Or alternatively, when support becomes clearer may buy near support. Need clearer mkt direction before doing this.
  

Sold Everything

Yesterday, 25th Jan 2010. Sold:

• 3 lots SIA Eng @ $3.53
• 14 lots Amara @ 53c
• 1 lot SIA @ $14.00
• 10 lots Mermaid @ 80.5c
• 23 lots Hong Fok @ 71.5c
• Hiap Seng Engineering 15 lots @ 64.5c
• GuocoLeisure 14 lots @ 71c
• Yangzijiang 7 lots @ $1.13
• Straits Asia 3 lots @ 2.32
• NOL 6 lots @ $1.77
• Rotary 10 lots @ 1.04
• KepLand 3 lots @ 3.43

Sold because the market looks to be correcting. Yesterday I put it at an 80% chance. Last nights limp rebound, after 3 consecutive down days on the US mkt, seems to confirm this (vol down 28% on NYSE, 24% on Nasdaq):

Short term, I missed the rebound.... too bad.

From Nov 09 to Now, lost 3K. Main mistake was getting to carried away with the bull market and chasing stocks without a tight stop loss.

Bought SIA Eng

Tues 24th Nov 09. Bought 3 lots @ 3.07.

Cut loss 2.85.

SIA Eng

After 5 months of flatlining, breaks out on high vol.

Large C&H.

Sppt @ 2.85, next resistance at 3.25.

Still a non trending market until proven otherwise, makes me hesitant to buy on breakout.

Perfect buy point would have been several days ago after it pulled back to the support.

Selling

Started selling.

Wed 18th Jul:
- 8 lots Wheelock@ $1.55, 2 lots $1.54 (cut thru $160 sppt)

Thurs 19th Jul:
- 11 lots pfood @57.5
- 2 lots venture @6.98
- 3 lots SIA Eng @2.65
- 4 lots Yanlord @2.40
- 1 lot SGX @ 6.99

Still holding Boustead, Cambridge, A-REIT, RMG, Midas

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...