Thursday, March 25, 2010

Funding for my CFD account

Yes...the market is still in the "cha cha" mode. Myself is so sleepy but just have to tahan, still have to hang on by a couple more hours and then go home to rest/sleep.

Frankly...I had a bad feeling that the stock market would "drop" after this reporting season is over meaning after the Qtr-end 31/3...the market would retraced some of it's recent gain.

By then I would have "clear of all my holding" and take most of my money off the game. And will hold them in cash till the next opportunity to vest.

I will only "keep" the core holding stocks and to get rid of the rest eg Yuexiu Prop and Zijin Mining, their candle stick pattern is not good.

Presently my core holding stocks included SMIC : HK0981, Noble : NOBG.SI. My plan is to vest 40 to 50% of my total funding in them....then the balance 50% will be in a couple more stocks as "trading buys" and to hold as margin or cash!

At present....my holding for the core stocks is at only 20%, therefore will slowly increase the holding as to plan ( 40 to 50% ).

Why....SMIC and Noble???? Well....I find great potential for both esp SMIC! It is cheap and has a good story-line to push the share price higher. Looking at it...now
it's share price is only at it's "1/3" original IPO level therefore still has "2/3" to run. Plus....new top management and factories also running max but still couldn't cope with demand. Then, Noble...this is also a good trending stock except that now it's Vice Chairman is in need to money, therefore sell out "1/3" his holding at
S$3.10 and that made the price to "break trough". That is why...I fast hand and leg
to vest 10 lots...and looking to add more positions to my holding.

2 comments:

wINtoTo N aLSo 4D...yEAh! said...

These 2 stocks...already total 130 lots.

wINtoTo N aLSo 4D...yEAh! said...

For the core stocks....started to accum more whenever got opportunity to buy cheap!

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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.