Saturday, November 10, 2007

My luck - lately

Frankly....just don't know what to say for my luck lately. In fact for a last one month....I noticed I am very screw-up esp with 4D luck. Missed out 3 first prizes...
2 on my car's no and 1 for my daughter's NRIC, not counting countless starter prizes.
Then....stupid buying and selling of stocks, another "lost". By the thousands.

Now....upon reflection of what may have gone wrong is that I didn't gone "vege" on the 1st and 15th of lunar calender. NO MEAT....but for the past couple of sessions,
I totally didn't follow. SHIT....kena "punished".

Today....also same again, last midnight....happily sucking on chicken's feet wanton mee until someone said that today is 1st of the 10th month. "CB"....too late!!!
Tonight's.....4D.....no smell. SHIT :(

Just don't know what to believe....but I better make sure I go half day "vege" the next 15th. It cannot be worst....esp my luck, just that I must remember well the 1st and 15th. Must die...die do it for my own sake.

Only Time will tell....on this Monday's stock market direction.

Wa....lau if only I wait till the market corrects to the price below then I won't
have to be worry about the coming drop on Monday for most of the Asian markets
including SGX. The question...."by how much will be the drop" and "when will it ends". From the look of things....no one can tell esp when "FEAR" of the unknown
start to appear in the minds of the players all over the world.

The whole situation with the stock markets all over the world is that of a "perfect storm"....a combination of factors. High oil prices, weak US $, sub-prime issues for the housing loans, regional risks - Turkey, Iran and the Middle East. Plus the incease for most basic stuffs for the people eg food prices, utilities and housing.

Plus the fact....that most stock markets are at their highest level in years only added to the pressure of a "bubble". It has to correct along the way or if not, the drop will be worst. And it won't be term as "correction" but "crash or meltdown".
For now....I still think what is happening for the market is just a correction and not yet a "crash or meltdown". That will happen if there is something big eg another "911" in the US.....then when the stock markets in China, Hong Kong crashed,
the rest will follow. The US market....will still be the "trigger" for the next big fall.


My prediction for stocks I plan to buy....which I put up on last Monday and come this Monday, most likely the price of some of these stocks may go below my picks. Meaning that I have to re-adjust my picks again or pick up some of these stocks for a quick punt.

My pick last Monday for the local ones...mainly from Construction sector will be Yongnam ( below 33 cents ), Chip Eng Seng ( below 58 cents ) and Hiap Seng ( below 66 cents ).

The heavy weight ones shall be STX PO ( below 3.50 ) and Olam ( below 3.00 ).

The China ones then the ones shall be Synear ( below 1.90 ), China Energy ( below 1.10 ), China Fish ( below 1.88 ), YangZiliang ( below 1.90 ), China Sky ( below 2.00 ), China XLX ( below 1.00 ), China Sun ( below 50 cents ) and Pine Agritech ( below 43 cents ).

Monday - "fishing" day or a killing field day? Only at the end of it....then we will know. Like what the wise saying...."only time will tell". POWER!

Friday, November 09, 2007

Friday market

Well...what to say? Again another killing field day for all markets. Here the drop of 70+ points or 2+% lost of the index, was a drop in the ocean. The Chinese markets go up and down the whole day. Same for the Hong Kong market too.

Now....with the US market closing down again, things won't look good on this coming Monday. The index has dropped about 307 points from the high in Oct of 3906 points to present 3599 points or 8.5%. But....still feel that the market had to correct further and bigger than now. There are rooms for further falls.

Thursday, November 08, 2007

Investment outlook

For myself....I am half expecting to see this correction but for the greed to try to make money fast, I fall into the trap. Yes! I know that no money, no honey still becoz I need my honey, I become less careful and very rash for my own good.

For the correction....I think it will be okay after this month. It won't be so fast this time to get over the fall or should I say that it has to drop by at least 10% before any meaningful upward trend can be set.

The swing lately for all markets is "huge". This is good for the brave and deep pocketed big fishes....not for me hahaha. Lose....kena the bones and still no honey to sayang sayang my pain.

Wed and Thu - SGX and world market

Man...a killing field on today's markets for other Asian markets, esp after last night huge drop in the US - 360 points south.

Lucky for us...we had a holiday but then we cannot escaped the drop for long. Just gotto hope that the US closed higher tonight then the drop here on Friday will be manageable. Will still suffer a drop...only how bad.

The market as a whole has gone up too much too fast, and now with oil and the sub-prime issues we cannot expect the market will continue to go up higher. The world is such that the rich will get richer, and the poor....poorer. This is an example.

I read in today's newspaper that the number of billionaires in China is fast catching up with the US. I am not surprise....as their stock market is gone up so fast over the past couple of years, that one day soon....we shall be sending our children to work there. Luckily not as maids but as teachers and other skilled workers. Guess we are also lucky to be Singaporean. And we must not forget about this. Yes! our standard of life has dropped lately with the increase of almost everything but pay....still we are lucky, maybe we should be more careful with our money and things will be okay.

Asian markets face turbulence in 2008: ratings agency

Asian markets face turbulence in 2008: ratings agency
Asian stock markets face a difficult 2008 and could slide sharply, ratings agency Standard and Poor's said Thursday as regional share prices fell heavily in early trading.

"2008 will be a more difficult year for stock market returns and we would not rule out the risk of a sharp correction," Lorraine Tan said in a statement accompanying a report by the agency's equity research unit.

Asian equity markets had reached increasingly risky levels and there would be less scope for them to rise after 2007's strong performance, the report added.

"Markets would be jittery over potential negative news, such as on inflation and further deterioration in the US and European economies," Tan said.

The comments came as major Asian markets dropped by between two and three percent early Thursday after an overnight slide on Wall Street caused by jitters about the outlook for the US economy.

The US is struggling with a credit crunch and housing market slowdown after record defaults on subprime mortgages extended to homebuyers with riskier credit profiles.

The report said markets in Hong Kong, South Korea and Thailand were likely to deliver better relative performance in 2008, but that Japan was set to do less well.

Standard & Poor's also expects more ratings downgrades for the corporate sector next year due to rising costs and less readily available credit.

Ian Thompson, the firm's chief credit officer for regional ratings services, said that "casualties" were expected, especially outside the financial sector.

He added that "the balance of our rating outlooks on the corporate sector suggests there may be more rating downgrades than upgrades among Asia-Pacific companies in 2008".

That contrasted sharply with the general improvement in credit quality this year, he said in the statement.

Standard & Poor's expects Southeast Asia to grow on average 6.4 percent in 2008, with Indonesia and the Philippines seen as bright spots.

My view - Guess this is not a good thing for punters and to me personally. But at the end of the day.....good thing will end one day, for this case too soon hahaha.
So, gotto rethink my options to deal with this.

Monday, November 05, 2007

Tuesday - SGX

Power....the index started out shooting higher. In fact at one point in the morning it was up by 30+ points and then the Hong Kong market started...also up by 350+ points....then within 20 mins, dropped by 350 points. SHIT!!! And the market here also followed with a drop of 7 points instead of a plus 30 points.

To think of it....that is a wide range of movement. From the look of the market lately here and elsewhere, it is quite common movement. So there is money to be made if your call is "right". Hahaha I was thinking of some cherry-picking this morning but the start of trading threw me off balance. I expected the market to drop since the US's market dropped. I end-up buying the losing stocks....since they slow a negative or have not went up yet. EG China Fish, Bio-treat and Pac Andes. By 10.30am,
all show a drop hahaha...instead of cherry they turned into sour plum. Anyway by 11.30am they did recovered the price a little.

Really need a strong heart to play this market lately....fun if the call is correct and made some money...the same can happen if the call is proved wrong, lose some money.

Desire by Osho

“Desire has not to be destroyed, it has to be purified. Desire has not
to be dropped, it has to be transformed. Your very being is desire; to
be against it is to be against yourself and to be against all...”
Osho

hahaha....guess what Osho may be thinking are the pure type like the
desire to make money. On itself, it can be many different ways to
achieve the goal....so maybe he wants us to do that the "right way".
Like...thru hard work or biz ( honest way ).

Man....the start of day and the sky already "dark" and raining. Sighed!

Just hope this does not happen to the stock market too hahaha. My take
for today should be better than yesterday. Can monitor and do some
cherry-picking if free. And I am free as usual....unwanted!

SGX - index dropped 45 points

hahaha at one point in the afternoon, it went down to 60+ points. And the US futures also went down to 120 points as compared to the Singapore's close at 5pm which show only 95 points.

Tomorrow will be another "down" day for the markets everywhere, as we are living in a global market. The problem is whether "how much is the drop in US tonight?" Then the same will happen here in Asia.

For the present drop...the blame is back to sub-prime and if the last one in August is any guide then we can see the market dropping for the next couple of days. With the holiday on Thursday....then, next Monday is a better bet for the market to stablise. Still...there will be some stocks going "up and down".

My pick for the local ones...mainly from Construction sector will be Yongnam ( below 33 cents ), Chip Eng Seng ( below 58 cents ) and Hiap Seng ( below 66 cents ).

The heavy weight ones shall be STX PO ( below 3.50 ) and Olam ( below 3.00 ).

The China ones then the ones shall be Synear ( below 1.90 ), China Energy ( below 1.10 ), China Fish ( below 1.88 ), YangZiliang ( below 1.90 ), China Sky ( below 2.00 ), China XLX ( below 1.00 ), China Sun ( below 50 cents ) and Pine Agritech ( below 43 cents ). For China stocks.....it is wise to stay out for the moment becoz of all the different views and ideas coming out of Bejing esp with the QII funds which can invest in oversea China stocks. One victim of this rumour is Hong kong market today...down by 5% or 1500+ points.

With the bloodbath in Asia the whole day....these prices are being "narrow" and the gaps/my targets are achievable so I must stay very calm and patient hahaha. All these remind me....of "fishing".

My advise is still be invest in Index shares....better and faster reaction when the market corrects upwards.

Sunday, November 04, 2007

Another "down" day for the SGX

Well....this is to be expected esp with the markets around the world are at their "highs" and with oil and resources at the all-time "high" too.

Even at the "mirco level" eg at our market and neigbhourhood shops, almost everything have gone up. For the general public, the situation is worst off than
before. Like myself....got a 3% increase in pay but look around, GST went up by
another 2%, the petrol price increase, then everything went up even at NTUC supermarkets. Our money has lost the actual value faster then we can earn more.

With...the above, believed this is happening all over the world. No place is spared.
Frankly I really pity those who are counting their $ and cents. This is really "shit" time for them.

Oh...back to SGX, yes! the market will drop for the next few days too. How much will it drop, no one can really tell. So...it is best, to stay out of the market and watch it from far. Only when there is a 10% correction...then it is time to come and camp "monitor" the price movement.

Yes....there are a few "good" stocks to focus on.

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.