Archive for February, 2007
« Previous EntriesReview: The Global Sell Off
Wednesday, February 28th, 2007I was watching CNBC last night for an update on the US market. It collapsed 2% in the first hour of trade, and finally closing 3% down at the end of the day. I knew today would be a rough day.
Indeed, the STI Opened at 120+ points on the word “Go”. I was shocked. Shocked […]
Review: STI
Tuesday, February 27th, 2007Today, the STI index saw the biggest 1 day drop in a while. The STI index dropped 2.29%. The last time the STI started its month long correction that saw almost 300 points wiped out, the STI closed 3.27% over the previous day.
Today’s correction is not isolated. […]
Review: Swiber
Monday, February 26th, 2007Swiber recorded a profit after tax of US$3,922,000. Thats a 55.4% growth on the back of a 288.4% increase in revenue. This translated to a 22.9% profit margin in FY 06, versus a profit margin of 42.0% in FY 05. The board has stated that this reduction in profit margin was “mainly due to chartering […]
Buy: Swiber
Saturday, February 24th, 2007 I apologise for the lack of updates for the last few days. CNY and work has been taking a toll on me for my trading job.
I had taken notice on Swiber immediately after Swiber announced their US$146.6 M contract.
Swiber_clinches_record_USD146.6_million_from_Shell_in_Brunei_13Feb2007_.pdf
Quick Lesson: Specialisation VS Diversification
Tuesday, February 20th, 2007Specialisation VS Diversification. Thats the question most investors, traders, whether new or experience, ask.
Anonymous said…
“hi musicwhiz
if u look at BusinessedTimes diversification of over 10 stocks, one of the portfolio has a 300% gain over 5 yrs…”
I’ll like to show everybody the insignificant of that return. “300% over 5 years”. If you do your calculations, this […]
Happy Chinese New Year to All!
Tuesday, February 20th, 2007Hello to all my readers,
Sorry for the lack of updates over Chinese New Year. I was too busy visiting relatives and friends, eating and laughing. But I guess so did you, readers. I saw a large drop in “readership” over CNY. =)
I’ll like to wish all a Happy Chinese New Year! And may the bull […]
Quick Lesson: Cut loss, is that trading or investing, FA or TA?
Thursday, February 15th, 2007I’ve created a controversy with some of my readers by practicing a “cut-loss” at the 7-8% point on my China Farm holding. So is that trading or investing? If the fundamentals of a company is that good, why be shocked at the 7-8% loss in shareprice?
Well, to recap. My China Farm shares were bought at […]
Review: China Farm
Tuesday, February 13th, 2007Following the fall of 7% from my purchase price of $0.995, I’ve cut loss at my 7-8% rule that I’ve always encouraged. Sold my holdings of China Farm at $0.915.
So whats wrong with China Farm? China Farm is still fundamentally strong. The cut loss rule is there to save my (and your) ass.
Review: The Bull Overcomed by the Bear?
Monday, February 12th, 2007Today I looked at the world market indices with fear. All the major stock exchanges showed a red. The US market last friday, KLSE, SGX, HKSE, MCI and australia all showed red. Only the Chinese market, Thai market showd me the green.
Looking at the top 30 volume on SGX showed more red than green. Thats […]
Review: Raffles Education
Monday, February 12th, 2007Anonymous said…
“hi pehoni’m thinking of buying REC tdy at 2.33. Do you think it is a good buy at tis price ?UBS is calling a buy but OCBC is saying a hold becoz of risk factor in the current price”
Usually, after a large price advance, you’ll also see a very volatile few days or even […]