Thursday, May 27, 2010
Joy! As I scalp $185 from speculating in shares of Integrated Rubber Corp(IRCB) without paying a cent...
...and the profit paying for a delicious 6" personal pizza with 'cheesy lava' crust from Pizza Hut!
Tuesday, May 25, 2010
My market sixth sense prevented me from buying stocks on Monday...
...and how fortuituously so!
The stockmarket index did not even open in the green & proceeded to weaken gradually throughout that day.
Today, the weakness broke open from the get go and the fear that spread through Asian markets amidst the North-South Korean tensions weakened the M'sian markets considerably.
I tiptoed into the market nonetheless today, sensing that perhaps a sharp rebound is nearby, buying small lots of IRCB and MPI(which happened to declare the anticipated $100 dividend after the market close).
We'll see how the US market fares tonight.
The stockmarket index did not even open in the green & proceeded to weaken gradually throughout that day.
Today, the weakness broke open from the get go and the fear that spread through Asian markets amidst the North-South Korean tensions weakened the M'sian markets considerably.
I tiptoed into the market nonetheless today, sensing that perhaps a sharp rebound is nearby, buying small lots of IRCB and MPI(which happened to declare the anticipated $100 dividend after the market close).
We'll see how the US market fares tonight.
Saturday, May 22, 2010
Ready to do some short-term trades come Monday...
My targets are one or more of the following:
-Parkson
Short reasons : It's a fundamentally sound stock currently oversold & at good supports, with share buybacks accelerating in recent days.
-BRDB
Short reasons: Fundamentally a solid property company, Bandaraya is currently close to supports established in January and June '09
-Rubberex
Short reasons : It has come full circle,returning to the starting point of a huge breakout move from around $1 to a high of $1.80. Fundamentally, it's a sound stock that is in a hot industry ~ rubber gloves
-MPI
Short reasons: The stock has reached an oversold level that coincides with support from the Feb/March lows of this year. Also, a nice tax-exempt dividend is expected to be declared soon.
-Parkson
Short reasons : It's a fundamentally sound stock currently oversold & at good supports, with share buybacks accelerating in recent days.
-BRDB
Short reasons: Fundamentally a solid property company, Bandaraya is currently close to supports established in January and June '09
-Rubberex
Short reasons : It has come full circle,returning to the starting point of a huge breakout move from around $1 to a high of $1.80. Fundamentally, it's a sound stock that is in a hot industry ~ rubber gloves
-MPI
Short reasons: The stock has reached an oversold level that coincides with support from the Feb/March lows of this year. Also, a nice tax-exempt dividend is expected to be declared soon.
Friday, May 14, 2010
Olympia defies a red stockmarket day...
I'm able to claim a small profit on this company's stock as it surges 20% by the close, after being 'stuck' at a relatively high cost price since the beginning of the year.
What I am most proud of is my ability to resist the siren song of the market thus far, and adhering steadfastly to my view that the stockmarket has not bottomed in the current 'correction'.
What I am most proud of is my ability to resist the siren song of the market thus far, and adhering steadfastly to my view that the stockmarket has not bottomed in the current 'correction'.
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