A quick Portfolio Update:
My portfolio is mostly unchanged, except for the extra 10 lots of Starhill that I bought.
Dividends Basket -- Mainly for dividends
6 lots of SPH @ 3.65
6 lots Capital Commercial Trust @ 0.84
13 lots of CitySpring at 0.51 (7 lots from rights)
16 lots of Macquarie International Infrastructure Fund at 0.305
2 lots of ST Engg at 2.28
20 lots of Starhill Global Reit at 0.525
6 lots of Starhub at 1.895
26 lots of GRP at 0.20
The total cost here is about $70k and the expected average monthly dividends is about $470.
Investment Basket -- Mainly because I like the business or for growth
5 lots of Breadtalk at 0.37
2 lots of Capitaland at 1.64 (averaged down by selling 1 lot at $3.50 before)
Trading Basket -- Hoping to sell off
30 lots of Hor Kew at 0.125
20 lots of LC Dev at 0.21
2 lots of Cosco at 2.67
60 lots of Berlian Laju at 0.117
20 lots of China Sky at 0.245
2 lots of Singtel at 2.98
With the rally, I could look to escaping some of the badly positioned trading stocks...
Stocks, Personal Finance, Personal Development,
Wealth, Income, Trading, Investing, Business
test4
Tuesday, January 12, 2010
Singtel TA -- almost ripe for the rebound?
Technical factors supporting:
Near 50MA and 200 MA ($3)
Near support.
Back-testing previous downtrend's resistance line...
Low %R
Low CCI, although it could get lower
Technical factors not supporting:
MACD has crossed over to negative
Stochastics still pointing downwards.
Singtel is flirting with the 50% retracement line between 2007 to 2009. Since STI is near the 61.8% level, we could see Singtel retesting the 61.8% level (touched earlier) at around $3.34...
Let's see how... I might load in another 2 lots of Singtel, depending on the price action tomorrow...
Monday, January 11, 2010
Reasons for current portfolio
The most important thing about trading and investments is the reason why you are willing to part with your monies...
This post is to serve as a reminder to me on my wrong buys, bad buys, as well as proper buys, that's currently on my portfolio... A separate post will be used for completed sells....
My personal short write ups:
Stock: SPH (average $3.65)
Reason for purchase:
Dividends counter. Defensive stock in a defensive business. Positive expansion into magazines and property arena.
This post is to serve as a reminder to me on my wrong buys, bad buys, as well as proper buys, that's currently on my portfolio... A separate post will be used for completed sells....
My personal short write ups:
Stock: SPH (average $3.65)
Reason for purchase:
Dividends counter. Defensive stock in a defensive business. Positive expansion into magazines and property arena.
Friday, January 8, 2010
STI Updates -- The shadow of Rising Wedge
The rising wedge is still broadening, hoping to be a rising channel instead by reaching the light blue dotted line:
The key question remains if STI will break the 61.8% retracement level. I will have to observe how it behaves these few days, especially with CCI so high and %R starting to dip. But one thing is for sure; if my wave counts are correct, the end of this rally is near, within a month or two. A big correction will come and wipe out most of the recent gains, and that's where people will start to believe that double dip will indeed come again, or that STI will go lower than March lows.
With this count, it appears that it is almost time to offload some of my holdings. Breadtalk reached a new high of 75 cents, higher than it's 2007 peak, whereas Hor Kew has recovered to 1 cent below my purchase price. I had originally wanted to sell Breadtalk at 0.73 and Hor Kew at 0.115, resulting in a net gain of $1k+, but my indecisiveness has made me lose the opportunity my badly positioned Hor Kew.
The bear market of 2009 has also aroused my interest to a few more stocks worth investing for the longer term, both for their dividends and growth. I'm hoping that my wave counts are pointing me to the correct direction; a very big correction is imminent. It will be in this big correction where I will load the some valuable companies for longer term dividends and growth.
The key question remains if STI will break the 61.8% retracement level. I will have to observe how it behaves these few days, especially with CCI so high and %R starting to dip. But one thing is for sure; if my wave counts are correct, the end of this rally is near, within a month or two. A big correction will come and wipe out most of the recent gains, and that's where people will start to believe that double dip will indeed come again, or that STI will go lower than March lows.
With this count, it appears that it is almost time to offload some of my holdings. Breadtalk reached a new high of 75 cents, higher than it's 2007 peak, whereas Hor Kew has recovered to 1 cent below my purchase price. I had originally wanted to sell Breadtalk at 0.73 and Hor Kew at 0.115, resulting in a net gain of $1k+, but my indecisiveness has made me lose the opportunity my badly positioned Hor Kew.
The bear market of 2009 has also aroused my interest to a few more stocks worth investing for the longer term, both for their dividends and growth. I'm hoping that my wave counts are pointing me to the correct direction; a very big correction is imminent. It will be in this big correction where I will load the some valuable companies for longer term dividends and growth.
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