29 September 2007
Fund QDII accelerating by Merill Lynch (27 Sept 2007)
Fund QDII accelerating, US$8bn quota already approved
Today, an US$4bn QDII fund run by China Fund Management opens for subscription. China Southern QDII Fund recently raised US$4bn. We believe that Jiashi Fund Management, China International Fund Management, Fortune SGAM Fund Management and Fortis Haitong Investment Management may launch their QDII funds within the next few weeks, each raising US$3-4bn.
Fund QDII should sell well in China
China Southern Fund saw US$6.5bn subscription in its first day, suggesting a very strong retail demand for such products. Recently, we saw banks in some areas implementing measures to cool down the property market, including raising down payment ratio for second hand property from 30% to 40%. In addition, the government may ask borrowers to pay 1.1x standard interest rate on mortgages for the second property they buy. This may divert some domestic liquidity from the property market to the stock market, including QDII funds, in our opinion.
Liquidity + sentiment to continue to drive HK market
We conservatively estimate that by 2008 year end US$48bn mainland liquidity may flow to the HK stock market or about US$3.3bn per month on average over the next fifteen months (Shift your paradigm, QDII is coming, China, 14 September 2007). This would represent about 7.4% of the current free float of HK listed China stocks or 3.4% of the current total free float of the entire HK equity market. Assuming 5.7x annual turn over rate for this liquidity (the same as the A share market), it could mean 10% of the daily turnover in the HK market or 14.6% of the daily turnover of the HK listed Chinese stocks. Unlike what happened to the B share market, we don't believe that foreign investors will leave town due to the importance of H shares and red chips in their regional portfolio. As a result, we believe the incremental liquidity should continue to drive performance. We would recommend investors focus on H/A discount stocks (Table 1) including Sinopec (SNPMF, HK$9.28, C-1-7), China COSCO (CICOF, HK$21.7, C-1-7) and North Star (BEIJF, HK$7.15, C-1-7); and stocks favored by mainland PMs including China Mobile (CHLKF, HK$121.1, not rated), Mengniu (CIADF, HK$33.45, C-1-7), Lenovo (LNVGF, HK$5.47, C-2-7) and BYD (BYDDF, HK$61.9, C-1-7).
S shares and NASDAQ China stocks may also benefit
The to be launched Jiashi QDII fund will focus on all overseas Chinese equities, including those listed in Singapore, US and other markets. Please refer to Table 2 for potential exposure by the QDII funds. We believe it's time to explore stocks in these markets including Synear (SYNRF, S$1.65, C-1-8), Yangzijiang (YSHLF, S$2.04, C-1-7) and Wuxi Pharma (WX ,US$29.85,C-1-9).
Fund QDII accelerating, US$8bn quota already approved
Today, an US$4bn QDII fund run by China Fund Management opens for subscription. China Southern QDII Fund recently raised US$4bn. We believe that Jiashi Fund Management, China International Fund Management, Fortune SGAM Fund Management and Fortis Haitong Investment Management may launch their QDII funds within the next few weeks, each raising US$3-4bn.
Fund QDII should sell well in China
China Southern Fund saw US$6.5bn subscription in its first day, suggesting a very strong retail demand for such products. Recently, we saw banks in some areas implementing measures to cool down the property market, including raising down payment ratio for second hand property from 30% to 40%. In addition, the government may ask borrowers to pay 1.1x standard interest rate on mortgages for the second property they buy. This may divert some domestic liquidity from the property market to the stock market, including QDII funds, in our opinion.
Liquidity + sentiment to continue to drive HK market
We conservatively estimate that by 2008 year end US$48bn mainland liquidity may flow to the HK stock market or about US$3.3bn per month on average over the next fifteen months (Shift your paradigm, QDII is coming, China, 14 September 2007). This would represent about 7.4% of the current free float of HK listed China stocks or 3.4% of the current total free float of the entire HK equity market. Assuming 5.7x annual turn over rate for this liquidity (the same as the A share market), it could mean 10% of the daily turnover in the HK market or 14.6% of the daily turnover of the HK listed Chinese stocks. Unlike what happened to the B share market, we don't believe that foreign investors will leave town due to the importance of H shares and red chips in their regional portfolio. As a result, we believe the incremental liquidity should continue to drive performance. We would recommend investors focus on H/A discount stocks (Table 1) including Sinopec (SNPMF, HK$9.28, C-1-7), China COSCO (CICOF, HK$21.7, C-1-7) and North Star (BEIJF, HK$7.15, C-1-7); and stocks favored by mainland PMs including China Mobile (CHLKF, HK$121.1, not rated), Mengniu (CIADF, HK$33.45, C-1-7), Lenovo (LNVGF, HK$5.47, C-2-7) and BYD (BYDDF, HK$61.9, C-1-7).
S shares and NASDAQ China stocks may also benefit
The to be launched Jiashi QDII fund will focus on all overseas Chinese equities, including those listed in Singapore, US and other markets. Please refer to Table 2 for potential exposure by the QDII funds. We believe it's time to explore stocks in these markets including Synear (SYNRF, S$1.65, C-1-8), Yangzijiang (YSHLF, S$2.04, C-1-7) and Wuxi Pharma (WX ,US$29.85,C-1-9).
Live Trading Records for 24 Sep 07, Mon
AdvSCT bot .92, tg .995
Multi-Con bot .21, tg .25
Live Trading Records for 25 Sep 07, Tue
Tuan Sing sold .36, +12.5% , tg .345 exceeded, high .365 so far today
Swissco bot 1.29, tg 1.39
Ausgroup bot 1.84, tg 1.99
Wheelock bot 2.67, tg 3.02
CSC bot .335, tg .455
SinGH bot .58, tg .625
Tat bot 2.19, tg 2.38
Lum Chang bot .385, tg .425
Hongguo sold .865, -10.4% short to mid term trends down
Live Trading Records for 26 Sep 07, Wed
FujianZY bot .67, bull flag tg .83
Celestial bot 1.18, tg 1.26
CAO bot 2.42, tg 2.70
YangZJ bot 1.96, tg 2.14
SPC added 6.55, added 6.50, tg upgraded to 7.00 based on breakout of a minor ascending triangle 6.00-6.50
Yanlord bot 3.34, tg 3.52
ASL bot 1.59, tg 1.73
AdvaHldgs bot .51, tg .55
Live Trading Records for 27 Sep 07, Thu
Orchard bot 2.13, tg 2.36
Sinwa bot .71, tg .835
OKP bot .835, tg 1.04
Sihuan bot .78, tg .90
Jaya bot 1.98, tg 2.43
Asia Ent bot .50, tg .595
Armstrong bot .45, tg .58
LottVis bot .36, tg .415
Live Trading Records for 28 Sep 07, Fri
Fungchoi bot .655, tg .70
Wanxiang bot .40 added .41, tg .49
Sihuan added .785 / .800, tg .90
China Energy bot 1.44, tg 1.59
Hupsteel bot .61, tg .70
Ho Bee bot 2.18, tg 2.54
Capcom bot 2.81, tg 3.34
OKP added .865, tg 1.04
GK Goh bot 1.20, tg 1.29
Ezion bot 1.86, tg 2.19
Seksun bot .70, tg .765
Lian Beng bot .47, tg .565
Yongnam bot .41, tg .56
Golden Agri bot 1.42, tg 1.65
Delong bot 3.20, tg 3.98
RH Energy bot .745, tg .855
Riverstone bot .41, tg .475
China HongC bot .47, tg .60
Sino Env bot 3.14, tg 3.6
China Wheel bot .99, tg 1.12
Honggguo bot .975, tg 1.08
Contel added .22, tg .29
Travelite bot .485, tg .58
Kim Eng bot 1.99, tg 2.20
Celestial sold 1.40, +18.6% , 2nd time upgraded tg 1.40 exceeded, high 1.41 so far today
China Milk bot 1.29, tg 1.53
Pac Andes bot .77, tg .945
Yanlord sold 3.72, +11.4% , upgraded tg hit just now
Anwell bot 0.095, tg 0.155
Tat Hong sold 2.39, tg 2.38 exceeded, +9.1% , high 2.40 so far today
SC Global bot 5.80, tg 6.45
UOL bot 5.20, tg 5.80
CAO added 2.57, tg 3.26
AdvSCT bot .92, tg .995
Multi-Con bot .21, tg .25
Live Trading Records for 25 Sep 07, Tue
Tuan Sing sold .36, +12.5% , tg .345 exceeded, high .365 so far today
Swissco bot 1.29, tg 1.39
Ausgroup bot 1.84, tg 1.99
Wheelock bot 2.67, tg 3.02
CSC bot .335, tg .455
SinGH bot .58, tg .625
Tat bot 2.19, tg 2.38
Lum Chang bot .385, tg .425
Hongguo sold .865, -10.4% short to mid term trends down
Live Trading Records for 26 Sep 07, Wed
FujianZY bot .67, bull flag tg .83
Celestial bot 1.18, tg 1.26
CAO bot 2.42, tg 2.70
YangZJ bot 1.96, tg 2.14
SPC added 6.55, added 6.50, tg upgraded to 7.00 based on breakout of a minor ascending triangle 6.00-6.50
Yanlord bot 3.34, tg 3.52
ASL bot 1.59, tg 1.73
AdvaHldgs bot .51, tg .55
Live Trading Records for 27 Sep 07, Thu
Orchard bot 2.13, tg 2.36
Sinwa bot .71, tg .835
OKP bot .835, tg 1.04
Sihuan bot .78, tg .90
Jaya bot 1.98, tg 2.43
Asia Ent bot .50, tg .595
Armstrong bot .45, tg .58
LottVis bot .36, tg .415
Live Trading Records for 28 Sep 07, Fri
Fungchoi bot .655, tg .70
Wanxiang bot .40 added .41, tg .49
Sihuan added .785 / .800, tg .90
China Energy bot 1.44, tg 1.59
Hupsteel bot .61, tg .70
Ho Bee bot 2.18, tg 2.54
Capcom bot 2.81, tg 3.34
OKP added .865, tg 1.04
GK Goh bot 1.20, tg 1.29
Ezion bot 1.86, tg 2.19
Seksun bot .70, tg .765
Lian Beng bot .47, tg .565
Yongnam bot .41, tg .56
Golden Agri bot 1.42, tg 1.65
Delong bot 3.20, tg 3.98
RH Energy bot .745, tg .855
Riverstone bot .41, tg .475
China HongC bot .47, tg .60
Sino Env bot 3.14, tg 3.6
China Wheel bot .99, tg 1.12
Honggguo bot .975, tg 1.08
Contel added .22, tg .29
Travelite bot .485, tg .58
Kim Eng bot 1.99, tg 2.20
Celestial sold 1.40, +18.6% , 2nd time upgraded tg 1.40 exceeded, high 1.41 so far today
China Milk bot 1.29, tg 1.53
Pac Andes bot .77, tg .945
Yanlord sold 3.72, +11.4% , upgraded tg hit just now
Anwell bot 0.095, tg 0.155
Tat Hong sold 2.39, tg 2.38 exceeded, +9.1% , high 2.40 so far today
SC Global bot 5.80, tg 6.45
UOL bot 5.20, tg 5.80
CAO added 2.57, tg 3.26
Labels: Live Trading Records
22 September 2007
Live Trading Records for 17 Sep 07, Mon
STIbnpEPW071030Q sold .28, +/-0%
SMB bot .375
Note: in polyclinic then admitted to NUH
Live Trading Records for 18 Sep 07, Tue
Ho Bee sold 2.07, +7.8%
Note: came back home from NUH EDTU at 1pm to enable me to catch up with the afternoon session. will go to polyclinic again tomorrow morning to do blood test.
Live Trading Records for 19 Sep 07, Wed
no trading
platelet deteriorated further to 40 as expected by NUH.
Dr Ang from Polyclinic referred me to AH - Alexander Hospital instead of NUH due to immature discharge from NUH on 18 Sep 07.
Live Trading Records for 20 Sep 07, Thu
Mandarin sold 2.37, +14.5% (called broker in AH)
2nd day in AH, platelet improved to 53
Live Trading Records for 21 Sep 07, Fri
HL Asia sold 3.42, +6.9% tg 3.44 exceeded, high 3.50 so far.
China Sky bot 1.96, tg 2.12
3rd day in AH, platelet improved to 85! doctor decided to discharge me immediately! returned home at 3pm.
STIbnpEPW071030Q sold .28, +/-0%
SMB bot .375
Note: in polyclinic then admitted to NUH
Live Trading Records for 18 Sep 07, Tue
Ho Bee sold 2.07, +7.8%
Note: came back home from NUH EDTU at 1pm to enable me to catch up with the afternoon session. will go to polyclinic again tomorrow morning to do blood test.
Live Trading Records for 19 Sep 07, Wed
no trading
platelet deteriorated further to 40 as expected by NUH.
Dr Ang from Polyclinic referred me to AH - Alexander Hospital instead of NUH due to immature discharge from NUH on 18 Sep 07.
Live Trading Records for 20 Sep 07, Thu
Mandarin sold 2.37, +14.5% (called broker in AH)
2nd day in AH, platelet improved to 53
Live Trading Records for 21 Sep 07, Fri
HL Asia sold 3.42, +6.9% tg 3.44 exceeded, high 3.50 so far.
China Sky bot 1.96, tg 2.12
3rd day in AH, platelet improved to 85! doctor decided to discharge me immediately! returned home at 3pm.
Labels: Live Trading Records
Live Trading Records for 17 Sep 07, Mon
STIbnpEPW071030Q sold .28, +/-0%
SMB bot .375
Note: in polyclinic then admitted to NUH
Live Trading Records for 18 Sep 07, Tue
Ho Bee sold 2.07, +7.8%
Note: came back home from NUH EDTU at 1pm to enable me to catch up with the afternoon session. will go to polyclinic again tomorrow morning to do blood test.
Live Trading Records for 19 Sep 07, Wed
no trading
platelet deteriorated further to 40 as expected by NUH.
Dr Ang from Polyclinic referred me to AH - Alexandra Hospital instead of NUH due to immature discharge from NUH on 18 Sep 07.
Live Trading Records for 20 Sep 07, Thu
Mandarin sold 2.37, +14.5% (called broker in AH)
2nd day in AH, platelet improved to 53
Live Trading Records for 21 Sep 07, Fri
HL Asia sold 3.42, +6.9% tg 3.44 exceeded, high 3.50 so far.
China Sky bot 1.96, tg 2.12
3rd day in AH, platelet improved to 85! doctor decided to discharge me immediately! returned home at 3pm.
STIbnpEPW071030Q sold .28, +/-0%
SMB bot .375
Note: in polyclinic then admitted to NUH
Live Trading Records for 18 Sep 07, Tue
Ho Bee sold 2.07, +7.8%
Note: came back home from NUH EDTU at 1pm to enable me to catch up with the afternoon session. will go to polyclinic again tomorrow morning to do blood test.
Live Trading Records for 19 Sep 07, Wed
no trading
platelet deteriorated further to 40 as expected by NUH.
Dr Ang from Polyclinic referred me to AH - Alexandra Hospital instead of NUH due to immature discharge from NUH on 18 Sep 07.
Live Trading Records for 20 Sep 07, Thu
Mandarin sold 2.37, +14.5% (called broker in AH)
2nd day in AH, platelet improved to 53
Live Trading Records for 21 Sep 07, Fri
HL Asia sold 3.42, +6.9% tg 3.44 exceeded, high 3.50 so far.
China Sky bot 1.96, tg 2.12
3rd day in AH, platelet improved to 85! doctor decided to discharge me immediately! returned home at 3pm.
Labels: Live Trading Records
15 September 2007
Live Trading Records for 10 Sep 07, Mon
ST Engg bot 3.66
Ascen Reit sold 2.50, -0.8%
Fibrechem sold half 1.24 to reduce exposure, +/-0.0% (gain if 1:4 rights shares factored in)
China XLX sold .985, -2.5%
Ausgroup sold 1.74, -4.4%
Federal sold .81, -1.8%
Sihuan sold .74, -1.3%
Asia Dekor sold remaining positions .19, +5.6%
Live Trading Records for 11 Sep 07, Tue
ST Engg sold 3.7, +1.1%
F&N sold 5.15, +/-0%
Live Trading Records for 12 Sep 07, Wed
LC Dev bot .475, tg .515
Suntec bot 1.89, tg 2.05
UIC bot 2.94, tg 3.18
Asia Env bot .65, tg .70
Parkway bot 4.24, tg 4.56
HL Asia bot 3.20, tg 3.46
Live Trading Records for 13 Sep 07, Thu
CG Tech bot .59, tg .64
SPC bot 6.45, tg 6.95
Pine bot .44, tg .54
Allgreen bot 1.77, tg 1.86
Asia Env sold .705, +8.5%
Ho Bee bot 1.92, tg 2.07
Tai Sin bot .50, tg .55
Mandarin bot 2.07, tg 2.23
Hong Fok bot 1.52, tg 1.64
Asia Env bot again .65, tg .70
Fibrechem R250 (rights shares 1:4, i.e. 25%) sold .215 to avoid trouble, after selling off Fibrechem rights shares, gain is booked to Fibrechem, +4.3%
Celestial bot 1.22, tg 1.32
Tiong Woon bot 1.04, tg 1.12
Live Trading Records for 14 Sep 07, Fri
HK Land sold 4.36, +6.3% kissing MA200 resistance
Federal bot .855, tg .925
Tuan Sing bot .32, tg .345
SPH bot 4.42, tg 4.76
Celestial sold 1.32 / 1.31, +8.1%
Hongguo bot .965 , tg 1.04
Kep Land bot 8.15, tg 8.80
City Dev bot 15.5, tg 16.7
Fibrechem added 1.31, tg 1.51
CapMall bot 3.72, tg 4.00
Hiap Hoe bot .87, tg .94
STIbnpEPW071030Q bot .28 to hedge
progress summary: up to date recovered about 40%, i.e. S$40k, of profit loss of S$100k lost during the huge plunge from 26 Jul 07 to 17 Aug 07, in which S$36.5k is realised gain, S$3.5 is paper profit.
ST Engg bot 3.66
Ascen Reit sold 2.50, -0.8%
Fibrechem sold half 1.24 to reduce exposure, +/-0.0% (gain if 1:4 rights shares factored in)
China XLX sold .985, -2.5%
Ausgroup sold 1.74, -4.4%
Federal sold .81, -1.8%
Sihuan sold .74, -1.3%
Asia Dekor sold remaining positions .19, +5.6%
Live Trading Records for 11 Sep 07, Tue
ST Engg sold 3.7, +1.1%
F&N sold 5.15, +/-0%
Live Trading Records for 12 Sep 07, Wed
LC Dev bot .475, tg .515
Suntec bot 1.89, tg 2.05
UIC bot 2.94, tg 3.18
Asia Env bot .65, tg .70
Parkway bot 4.24, tg 4.56
HL Asia bot 3.20, tg 3.46
Live Trading Records for 13 Sep 07, Thu
CG Tech bot .59, tg .64
SPC bot 6.45, tg 6.95
Pine bot .44, tg .54
Allgreen bot 1.77, tg 1.86
Asia Env sold .705, +8.5%
Ho Bee bot 1.92, tg 2.07
Tai Sin bot .50, tg .55
Mandarin bot 2.07, tg 2.23
Hong Fok bot 1.52, tg 1.64
Asia Env bot again .65, tg .70
Fibrechem R250 (rights shares 1:4, i.e. 25%) sold .215 to avoid trouble, after selling off Fibrechem rights shares, gain is booked to Fibrechem, +4.3%
Celestial bot 1.22, tg 1.32
Tiong Woon bot 1.04, tg 1.12
Live Trading Records for 14 Sep 07, Fri
HK Land sold 4.36, +6.3% kissing MA200 resistance
Federal bot .855, tg .925
Tuan Sing bot .32, tg .345
SPH bot 4.42, tg 4.76
Celestial sold 1.32 / 1.31, +8.1%
Hongguo bot .965 , tg 1.04
Kep Land bot 8.15, tg 8.80
City Dev bot 15.5, tg 16.7
Fibrechem added 1.31, tg 1.51
CapMall bot 3.72, tg 4.00
Hiap Hoe bot .87, tg .94
STIbnpEPW071030Q bot .28 to hedge
progress summary: up to date recovered about 40%, i.e. S$40k, of profit loss of S$100k lost during the huge plunge from 26 Jul 07 to 17 Aug 07, in which S$36.5k is realised gain, S$3.5 is paper profit.
Labels: Live Trading Records
08 September 2007
Live Trading Records for 03 Sep 07, Mon
Armstrong sold .45, +13.9% , tg .426 exceeded
STIsgaECW071030Q bot .475 added .47, sold all .495, +4.8%
Live Trading Records for 04 Sep 07, Tue
STIbnpECW071030 bot .255, cut .245, -3.9%, this one difficult to play, market maker of it not responsive to STI movement like STIsgaECW071030Q
STIsgaECW071030Q bot .48, sold .495, +3.1%
Noble bot 1.7, tg 1.78
GuangZhao bot .305, tg .37
Live Trading Records for 05 Sep 07, Wed
F&N bot 5.15, tg 5.4-5.6
Sihuan bot .75, tg .80-.835
Noble sold 1.81, +6.5% , gap on 27 Jul 07 covered at 1.81 and technical rebound tg 1.78 (0.618 level) exceeded
ST Engg bot 3.72, tg 3.56-3.68 exceeded, may tg 3.98, near former high 4.02
Asia Dekor bot .18, tg .205-.215
Etla bot .425, may tg .465
Yongxin bot .415, tg .625-.695
China XLX bot .925, tg 1.12-1.19
AllcoReit bot 1.05, tg 1.20
China Sunsine bot .325, tg .43-.47
UOL bot 5.00, tg 5.4
OCBC sold 8.6, +4.9%
Heeton sold .69, -3.5%
Courage Marine sold .385, +9.1%
Beyonics sold .435, +7.4%
Baker sold .355, +9.2%
Ausgroup sold 1.72, +7.5%
Frontline sold .155, +/-0.0%
UOB sold 20.7, +4.0%
DBS sold 20.3, +5.7%
HLG sold .335, +3.1%
BreadTalk sold .48, -1.0%
Live Trading Records for 06 Sep 07, Thu
FujianZY sold .565, +20.2%
China XLX sold .975, +5.4%
ST Engg added 3.70 (partially filled)
CAO bot 2.44, tg 2.53-2.71
Lee Metal bot .25, tg .28-.295
Etla sold .455, +7.1%
Yongxin sold .44, +6.0% , since eps 0.031, PE 14.2 at .44 a little high for a small counter
HK Land bot 4.14, broke out of a nice double bottom formation, tg 4.60, added 4.04
Live Trading Records for 07 Sep 07, Fri
ST Engg added 3.70
Ascen Reit bot 2.52, tg 2.80-2.92
China Sunsine sold .375, +15.4% , eps 0.037
Asia Ent sold .485, +7.8%
Ausgroup bot 1.82, tg 2.07
China XLX bot 1.04, buy stop triggered, tg 1.19
UOL sold 5.25, +5%
Federal bot .825, bull flag tg .875
Yongnam sold .42, +6.3%
ST Engg sold 3.78, +1.6%
Lee Metal sold .26, +4%
HK Land sold half 4.08, -0.5%
Guang Zhao sold .32, +4.9%
CAO sold 2.43, -0.4%
AllcoReit sold 1.07, +1.9%
AsiaDekor sold .19 (partially filled), +5.6%
Armstrong sold .45, +13.9% , tg .426 exceeded
STIsgaECW071030Q bot .475 added .47, sold all .495, +4.8%
Live Trading Records for 04 Sep 07, Tue
STIbnpECW071030 bot .255, cut .245, -3.9%, this one difficult to play, market maker of it not responsive to STI movement like STIsgaECW071030Q
STIsgaECW071030Q bot .48, sold .495, +3.1%
Noble bot 1.7, tg 1.78
GuangZhao bot .305, tg .37
Live Trading Records for 05 Sep 07, Wed
F&N bot 5.15, tg 5.4-5.6
Sihuan bot .75, tg .80-.835
Noble sold 1.81, +6.5% , gap on 27 Jul 07 covered at 1.81 and technical rebound tg 1.78 (0.618 level) exceeded
ST Engg bot 3.72, tg 3.56-3.68 exceeded, may tg 3.98, near former high 4.02
Asia Dekor bot .18, tg .205-.215
Etla bot .425, may tg .465
Yongxin bot .415, tg .625-.695
China XLX bot .925, tg 1.12-1.19
AllcoReit bot 1.05, tg 1.20
China Sunsine bot .325, tg .43-.47
UOL bot 5.00, tg 5.4
OCBC sold 8.6, +4.9%
Heeton sold .69, -3.5%
Courage Marine sold .385, +9.1%
Beyonics sold .435, +7.4%
Baker sold .355, +9.2%
Ausgroup sold 1.72, +7.5%
Frontline sold .155, +/-0.0%
UOB sold 20.7, +4.0%
DBS sold 20.3, +5.7%
HLG sold .335, +3.1%
BreadTalk sold .48, -1.0%
Live Trading Records for 06 Sep 07, Thu
FujianZY sold .565, +20.2%
China XLX sold .975, +5.4%
ST Engg added 3.70 (partially filled)
CAO bot 2.44, tg 2.53-2.71
Lee Metal bot .25, tg .28-.295
Etla sold .455, +7.1%
Yongxin sold .44, +6.0% , since eps 0.031, PE 14.2 at .44 a little high for a small counter
HK Land bot 4.14, broke out of a nice double bottom formation, tg 4.60, added 4.04
Live Trading Records for 07 Sep 07, Fri
ST Engg added 3.70
Ascen Reit bot 2.52, tg 2.80-2.92
China Sunsine sold .375, +15.4% , eps 0.037
Asia Ent sold .485, +7.8%
Ausgroup bot 1.82, tg 2.07
China XLX bot 1.04, buy stop triggered, tg 1.19
UOL sold 5.25, +5%
Federal bot .825, bull flag tg .875
Yongnam sold .42, +6.3%
ST Engg sold 3.78, +1.6%
Lee Metal sold .26, +4%
HK Land sold half 4.08, -0.5%
Guang Zhao sold .32, +4.9%
CAO sold 2.43, -0.4%
AllcoReit sold 1.07, +1.9%
AsiaDekor sold .19 (partially filled), +5.6%
Labels: Live Trading Records
01 September 2007
20 Timeless Money Rules
by Carla Fried
Thursday, August 23, 2007, provided by Money Magazine collected the best advice from some of the smartest investors (and other people) who have ever lived.
1. Be humble
When you do not know a thing, to allow that you do not know it--this is knowledge.
--Confucius
Investing is a big bet on an unknowable future. The mark of wisdom is accepting just how unknowable it is. Granted, that's not easy. Our brains are built to think the future will be like the near past. And we're too ready to act on the predictions of pundits, who are no more clued in than we are about what lies ahead.
Being humble in the face of uncertainty keeps you from costly mistakes. You won't jump on yesterday's bandwagon. And before you invest, you'll be more likely to ask a key question: "What if I'm wrong?"
2. Take calculated risks
He that is overcautious will accomplish little.
--Friedrich von Schiller
The returns you get are proportionate to the risk you take. This is a fundamental law of the markets. It's why five-year CDs typically pay more than six-month ones and why you're disappointed if your emerging markets fund does no better than its stodgy blue-chip stablemate. History unequivocally supports this "no free lunch" principle. Going back to 1926, stocks (high risk) have paid more than government bonds (medium risk), which in turn have beaten low-risk Treasury bills.
Among many, many other things, this law suggests:
To earn returns high enough to build true wealth, you have to put some of your money in risky assets like stocks--the only investment to handily beat inflation over time.
If a financial salesperson tries to tell you his product offers a high return with no risk, get that claim in writing. Then send it and his business card to the SEC.
3. Have an emergency fund
For age and want, save while you may; no morning sun lasts a whole day.
--Benjamin Franklin
The first step in constructing any serious financial plan is to create an emergency cash fund--ideally, three to six months' living expenses--stashed in a low-cost ultrasafe bank account or money-market fund. Without this financial cushion, any unexpected expense can derail your long-term plans.
These days, happily, that emergency stash won't just sit idle. Top bank accounts like the one at UFB Direct (888-580-0049) and perennially competitive money funds like Vanguard Prime (800-851-4999) now pay more than 5%.
4. Mix it up
It is the part of a wise man to keep himself today for tomorrow and not to venture all his eggs in one basket.
--Miguel de Cervantes
Nothing can break the law of risk and reward, but a diversified portfolio can bend it. When you spread your money properly among different asset types, a rise in some will offset a fall in others, muting your overall risk without a commensurate drop in return. It's the closest thing to a free lunch there is in investing. To make the alchemy work, you must load up on assets whose up and down cycles don't run in sync: stocks (both U.S. and foreign, as well as large-company and small), bonds (of varying maturities), cash, real estate and commodities.
5. It's the portfolio, stupid
Asset allocation...is the overwhelmingly dominant contributor to total return.
--Gary Brinson, Brian Singer and Gilbert Beebower
Most investors concentrate on trying to choose the best stock and pick the perfect moment to buy or sell. It's a waste. What really matters to your long-term returns is asset allocation--that is, how you split up your portfolio.
Since researchers dropped this bombshell 20 years ago, experts have debated the size of the asset-allocation factor. Some say it accounts for 40% of the variation in investors' returns; others (like the original researchers) say 90%. But no one refutes that it's major.
6. Average is the new best
The best way to own common stocks is through an stock index fund (ETF).
--Warren Buffett
Here's the logic behind index funds, which aim simply to match the return of a market index: The average fund in any market will always earn that market's return (because in aggregate investors are the market) minus expenses. Since index funds match the market but have much smaller expenses than other funds, they will always beat the average fund in the long run. It's hard to argue with the math, and history bears it out (see the performance stat at right). Besides, if the Greatest Investor of Our Time believes that stock index funds (ETFs) are superior for most investors, shouldn't you?
7. Practice patience
It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
--Edwin Lefevre
This blunt warning was issued in Lefevre's 1923 fictional memoir, reportedly based on legendary trader Jesse Livermore and treated by many financial advisers like the Bible. Some 77 years later, behavioral finance professors Terrance Odean and Brad Barber's research into transactions by some 66,000 households between 1991 and 1996 found that those who traded least earned seven percentage points a year more than the most frequent traders. Moral: Once you arrange your assets into your ideal allocation, don't tinker. Rebalance once a year to keep your mix on track, but otherwise, listen to Livermore and sit tight.
8. Don't time the market
The real key to making money in stocks is not to get scared out of them.
--Peter Lynch
It would be so nice, wouldn't it, to sell before every market downdraft and then get back in just as the good times roll again. But it's too hard to pull off. Nobody knows when markets will turn (see Rule No. 1). And when they do, they tend to move in quick bursts. By the time you realize an advance has begun, most of it's over. Miss that initial stretch and you'll miss out on most of the gains. The lesson: The surest way to investing success is to buy, then stick to your guns.
9. Be a cheapskate
Performance comes and goes, but costs roll on forever.
--Jack Bogle
If you choose a fund that eats up 1.5% a year in expenses over one that costs 1% (let alone the 0.2% that index funds may charge), your fund's return will have to beat the other's by half a point a year just for you to come out even. Past returns are no guarantee of the future, but today's low-cost funds are likely to stay low cost. Buying them is the only sure way of giving yourself a leg up.
10. Don't follow the crowd
Fashion is made to become unfashionable.
--Coco Chanel
Or, as the legendary financier Sir James Goldsmith has said, "If you see a bandwagon, it's too late."
In the late 1990s, there was no more fashionable bandwagon for investors than Firsthand Technology Value fund. It returned 23.7% in 1998, but investors really piled into it after it rocketed an incredible 190.4% in 1999. But by then, the bust of 2000 was about to unfold, and Firsthand was soon to become as passé as plaid trousers. The result was a chilling example of the perils of following the herd: While the fund posted a respectable 16% annualized gain over the four years through 2001, the average shareholder in the fund actually lost more than 31.6% a year.
11. Buy low
If a business is worth a dollar and I can buy it for 40 cents, something good may happen to me.
--Warren Buffett
The best Dow stocks of the past 10 years don't include Microsoft or Intel. But Caterpillar (Cat) makes the cut with a 212% return. In 1997, in the midst of tech madness, the market was so bored by the company's industrial-machinery business that investors paid just $11.50 for each dollar of earnings. If the stock's current value of 16.1 times earnings is right, that's nearly a 30% discount. Smart investors didn't need to foresee the coming construction boom. They only needed to call a bargain a bargain and trust the market to eventually wise up.
12. Invest abroad
The World is a book, and those who do not travel read only a page.
--St. Augustine
Over the 10 years through 2006, a portfolio split 80%-20% between U.S. and international large-cap stocks would have returned an average 8.4% a year, roughly the same as a portfolio invested 100% in domestic stocks. But because U.S. and foreign markets partially offset one another's ups and downs, the global portfolio was 4% less risky than the all-American (see Rule No. 4). Most Americans have less money in foreign funds than the 15% to 25% experts recommend. But you don't have to be like most Americans.
13. Keep perspective
There is nothing new in the world except the history you do not know.
--Harry Truman
When the Dow sheds 300 points in a day, it's natural to feel doomed. And when the market surges, it's easy to be convinced that stocks have entered "a new paradigm," to echo a bubble-era phrase. Don't delude yourself. As Sir John Templeton notes, "The four most expensive words in the English language are, `This time it's different.' "
To keep your perspective, remember:
In every bull market since 1970, stocks have dropped by 10% or more at least once. Average time to get back to even: 107 days.
Over time, markets tend to stick close to their long-term trends, called "regression to the mean." Manias and panics never last.
14. Just do it
It takes as much energy to wish as it does to plan.
--Eleanor Roosevelt
Financial planning is an unnatural act. The brain is wired to make us undervalue long-term goals and exaggerate the cost of short-term sacrifice. Yet studies show that people who do even a little retirement planning had twice the savings of those who did almost none. Heed the words attributed to Mrs. Roosevelt by doing the following:
Set concrete, attainable goals. "I'll pay an extra $100 a month on my credit card" is more likely to succeed than "I'm going to get my act together."
Then commit. Tell someone your plan and agree to a penalty--you'll do your spouse's chores for a month if you haven't saved $10,000 extra by June.
15. Borrow responsibly
As life closes in on someone who has borrowed far too much money on the strength of far too little income, there are no fire escapes.
--John Kenneth Galbraith
Face this truth: If you let them, lenders are only too willing to advance you more than is good for your family. Mortgage banks and credit-card issuers don't care if your monthly payment makes it impossible for you to sock away money in your 401(k) or fund your kid's 529 plan. You need to set your own rules, including:
No credit-card debt. Period. It's never okay to pay 15% to borrow for consumption.
Borrow only to buy assets that appreciate. A home, yes. Education, sure. A vacation, a fancy dinner or even a 50-inch flat-screen TV? No way.
16. Talk to your spouse
In every house of marriage there's room for an interpreter.
--Stanley Kunitz
Your most important financial partner isn't your broker. It's your spouse--you know, the one who probably owns half of all you do and whose fate is inextricably linked with yours. But research shows that spouses often don't agree on even such basic info as their income and savings. Wake-up call: To make smart decisions, you need to talk, and if you're like most couples, to do a better job at it.
Men: Don't assume she doesn't care about this stuff. She does. But you need to lay off the jargon and speak English.
Women: Don't just leave it all to him. At a minimum, know where the key papers are and how your money is invested.
Both: Focus on goals, not on being right. It's not a contest.
17. Exit gracefully
Only put off until tomorrow what you are willing to die having left undone.
--Pablo Picasso
Despite the words he reportedly uttered, Picasso was willing to die without planning his estate. It took years for his heirs to reach a settlement with French authorities. Although you may not have masterpieces to bequeath, you have no excuse not to take elementary steps to make life easier on those you'd leave behind. Covering the basics shouldn't cost more than $1,500.
To find a lawyer, ask friends and colleagues for recommendations or get referrals online at the website of the American Academy of Estate Planning Attorneys. For tips on dividing emotion-laden personal belongings--more often the flash point for family tension than money or big-ticket items--check out the website Who Gets Grandma's Yellow Pie Plate?
18. Pay only your share
The avoidance of taxes is the only intellectual pursuit that carries any reward.
--John Maynard Keynes
It's all well and good to put time into choosing the right investments. But being conscious of taxes puts money in your pocket too (at least it keeps it from being taken from your pocket, which amounts to the same thing), and the payoff is swift, certain and there for the taking. So take full advantage of tax-deferred benefits at work, like 401(k)s and flexible spending accounts. Stick with tax-efficient investments like index funds. And claim every deduction you're entitled to. According to the Government Accountability Office, taxpayers who could itemize but chose not to ended up overpaying by $450. Don't be one of them.
19. Give wisely
The time is always right to do the right thing.
--Martin Luther King Jr.
Granted, Dr. King did not have money on his mind when he spoke these words. But they also ring true in your financial life, since giving back is always the right thing. Still, there are more right and less right ways to do it.
Look beyond the headlines. It's fine to give money to disasters like the tsunami, but don't forget about smaller charities that go wanting.
Don't give over the phone. Telemarketers often take a cut of 50% or more.
Focus. Identify a cause that really speaks to you. Then devote most of your energy and charitable dollars to the organizations that best support it.
20. Keep money in its place
A wise man should have money in his head, but not in his heart.
--Jonathan Swift
People who say they value money highly report that they are less happy in life than those who care more about love and friends. Enough said.
Thursday, August 23, 2007, provided by Money Magazine collected the best advice from some of the smartest investors (and other people) who have ever lived.
1. Be humble
When you do not know a thing, to allow that you do not know it--this is knowledge.
--Confucius
Investing is a big bet on an unknowable future. The mark of wisdom is accepting just how unknowable it is. Granted, that's not easy. Our brains are built to think the future will be like the near past. And we're too ready to act on the predictions of pundits, who are no more clued in than we are about what lies ahead.
Being humble in the face of uncertainty keeps you from costly mistakes. You won't jump on yesterday's bandwagon. And before you invest, you'll be more likely to ask a key question: "What if I'm wrong?"
2. Take calculated risks
He that is overcautious will accomplish little.
--Friedrich von Schiller
The returns you get are proportionate to the risk you take. This is a fundamental law of the markets. It's why five-year CDs typically pay more than six-month ones and why you're disappointed if your emerging markets fund does no better than its stodgy blue-chip stablemate. History unequivocally supports this "no free lunch" principle. Going back to 1926, stocks (high risk) have paid more than government bonds (medium risk), which in turn have beaten low-risk Treasury bills.
Among many, many other things, this law suggests:
To earn returns high enough to build true wealth, you have to put some of your money in risky assets like stocks--the only investment to handily beat inflation over time.
If a financial salesperson tries to tell you his product offers a high return with no risk, get that claim in writing. Then send it and his business card to the SEC.
3. Have an emergency fund
For age and want, save while you may; no morning sun lasts a whole day.
--Benjamin Franklin
The first step in constructing any serious financial plan is to create an emergency cash fund--ideally, three to six months' living expenses--stashed in a low-cost ultrasafe bank account or money-market fund. Without this financial cushion, any unexpected expense can derail your long-term plans.
These days, happily, that emergency stash won't just sit idle. Top bank accounts like the one at UFB Direct (888-580-0049) and perennially competitive money funds like Vanguard Prime (800-851-4999) now pay more than 5%.
4. Mix it up
It is the part of a wise man to keep himself today for tomorrow and not to venture all his eggs in one basket.
--Miguel de Cervantes
Nothing can break the law of risk and reward, but a diversified portfolio can bend it. When you spread your money properly among different asset types, a rise in some will offset a fall in others, muting your overall risk without a commensurate drop in return. It's the closest thing to a free lunch there is in investing. To make the alchemy work, you must load up on assets whose up and down cycles don't run in sync: stocks (both U.S. and foreign, as well as large-company and small), bonds (of varying maturities), cash, real estate and commodities.
5. It's the portfolio, stupid
Asset allocation...is the overwhelmingly dominant contributor to total return.
--Gary Brinson, Brian Singer and Gilbert Beebower
Most investors concentrate on trying to choose the best stock and pick the perfect moment to buy or sell. It's a waste. What really matters to your long-term returns is asset allocation--that is, how you split up your portfolio.
Since researchers dropped this bombshell 20 years ago, experts have debated the size of the asset-allocation factor. Some say it accounts for 40% of the variation in investors' returns; others (like the original researchers) say 90%. But no one refutes that it's major.
6. Average is the new best
The best way to own common stocks is through an stock index fund (ETF).
--Warren Buffett
Here's the logic behind index funds, which aim simply to match the return of a market index: The average fund in any market will always earn that market's return (because in aggregate investors are the market) minus expenses. Since index funds match the market but have much smaller expenses than other funds, they will always beat the average fund in the long run. It's hard to argue with the math, and history bears it out (see the performance stat at right). Besides, if the Greatest Investor of Our Time believes that stock index funds (ETFs) are superior for most investors, shouldn't you?
7. Practice patience
It never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!
--Edwin Lefevre
This blunt warning was issued in Lefevre's 1923 fictional memoir, reportedly based on legendary trader Jesse Livermore and treated by many financial advisers like the Bible. Some 77 years later, behavioral finance professors Terrance Odean and Brad Barber's research into transactions by some 66,000 households between 1991 and 1996 found that those who traded least earned seven percentage points a year more than the most frequent traders. Moral: Once you arrange your assets into your ideal allocation, don't tinker. Rebalance once a year to keep your mix on track, but otherwise, listen to Livermore and sit tight.
8. Don't time the market
The real key to making money in stocks is not to get scared out of them.
--Peter Lynch
It would be so nice, wouldn't it, to sell before every market downdraft and then get back in just as the good times roll again. But it's too hard to pull off. Nobody knows when markets will turn (see Rule No. 1). And when they do, they tend to move in quick bursts. By the time you realize an advance has begun, most of it's over. Miss that initial stretch and you'll miss out on most of the gains. The lesson: The surest way to investing success is to buy, then stick to your guns.
9. Be a cheapskate
Performance comes and goes, but costs roll on forever.
--Jack Bogle
If you choose a fund that eats up 1.5% a year in expenses over one that costs 1% (let alone the 0.2% that index funds may charge), your fund's return will have to beat the other's by half a point a year just for you to come out even. Past returns are no guarantee of the future, but today's low-cost funds are likely to stay low cost. Buying them is the only sure way of giving yourself a leg up.
10. Don't follow the crowd
Fashion is made to become unfashionable.
--Coco Chanel
Or, as the legendary financier Sir James Goldsmith has said, "If you see a bandwagon, it's too late."
In the late 1990s, there was no more fashionable bandwagon for investors than Firsthand Technology Value fund. It returned 23.7% in 1998, but investors really piled into it after it rocketed an incredible 190.4% in 1999. But by then, the bust of 2000 was about to unfold, and Firsthand was soon to become as passé as plaid trousers. The result was a chilling example of the perils of following the herd: While the fund posted a respectable 16% annualized gain over the four years through 2001, the average shareholder in the fund actually lost more than 31.6% a year.
11. Buy low
If a business is worth a dollar and I can buy it for 40 cents, something good may happen to me.
--Warren Buffett
The best Dow stocks of the past 10 years don't include Microsoft or Intel. But Caterpillar (Cat) makes the cut with a 212% return. In 1997, in the midst of tech madness, the market was so bored by the company's industrial-machinery business that investors paid just $11.50 for each dollar of earnings. If the stock's current value of 16.1 times earnings is right, that's nearly a 30% discount. Smart investors didn't need to foresee the coming construction boom. They only needed to call a bargain a bargain and trust the market to eventually wise up.
12. Invest abroad
The World is a book, and those who do not travel read only a page.
--St. Augustine
Over the 10 years through 2006, a portfolio split 80%-20% between U.S. and international large-cap stocks would have returned an average 8.4% a year, roughly the same as a portfolio invested 100% in domestic stocks. But because U.S. and foreign markets partially offset one another's ups and downs, the global portfolio was 4% less risky than the all-American (see Rule No. 4). Most Americans have less money in foreign funds than the 15% to 25% experts recommend. But you don't have to be like most Americans.
13. Keep perspective
There is nothing new in the world except the history you do not know.
--Harry Truman
When the Dow sheds 300 points in a day, it's natural to feel doomed. And when the market surges, it's easy to be convinced that stocks have entered "a new paradigm," to echo a bubble-era phrase. Don't delude yourself. As Sir John Templeton notes, "The four most expensive words in the English language are, `This time it's different.' "
To keep your perspective, remember:
In every bull market since 1970, stocks have dropped by 10% or more at least once. Average time to get back to even: 107 days.
Over time, markets tend to stick close to their long-term trends, called "regression to the mean." Manias and panics never last.
14. Just do it
It takes as much energy to wish as it does to plan.
--Eleanor Roosevelt
Financial planning is an unnatural act. The brain is wired to make us undervalue long-term goals and exaggerate the cost of short-term sacrifice. Yet studies show that people who do even a little retirement planning had twice the savings of those who did almost none. Heed the words attributed to Mrs. Roosevelt by doing the following:
Set concrete, attainable goals. "I'll pay an extra $100 a month on my credit card" is more likely to succeed than "I'm going to get my act together."
Then commit. Tell someone your plan and agree to a penalty--you'll do your spouse's chores for a month if you haven't saved $10,000 extra by June.
15. Borrow responsibly
As life closes in on someone who has borrowed far too much money on the strength of far too little income, there are no fire escapes.
--John Kenneth Galbraith
Face this truth: If you let them, lenders are only too willing to advance you more than is good for your family. Mortgage banks and credit-card issuers don't care if your monthly payment makes it impossible for you to sock away money in your 401(k) or fund your kid's 529 plan. You need to set your own rules, including:
No credit-card debt. Period. It's never okay to pay 15% to borrow for consumption.
Borrow only to buy assets that appreciate. A home, yes. Education, sure. A vacation, a fancy dinner or even a 50-inch flat-screen TV? No way.
16. Talk to your spouse
In every house of marriage there's room for an interpreter.
--Stanley Kunitz
Your most important financial partner isn't your broker. It's your spouse--you know, the one who probably owns half of all you do and whose fate is inextricably linked with yours. But research shows that spouses often don't agree on even such basic info as their income and savings. Wake-up call: To make smart decisions, you need to talk, and if you're like most couples, to do a better job at it.
Men: Don't assume she doesn't care about this stuff. She does. But you need to lay off the jargon and speak English.
Women: Don't just leave it all to him. At a minimum, know where the key papers are and how your money is invested.
Both: Focus on goals, not on being right. It's not a contest.
17. Exit gracefully
Only put off until tomorrow what you are willing to die having left undone.
--Pablo Picasso
Despite the words he reportedly uttered, Picasso was willing to die without planning his estate. It took years for his heirs to reach a settlement with French authorities. Although you may not have masterpieces to bequeath, you have no excuse not to take elementary steps to make life easier on those you'd leave behind. Covering the basics shouldn't cost more than $1,500.
To find a lawyer, ask friends and colleagues for recommendations or get referrals online at the website of the American Academy of Estate Planning Attorneys. For tips on dividing emotion-laden personal belongings--more often the flash point for family tension than money or big-ticket items--check out the website Who Gets Grandma's Yellow Pie Plate?
18. Pay only your share
The avoidance of taxes is the only intellectual pursuit that carries any reward.
--John Maynard Keynes
It's all well and good to put time into choosing the right investments. But being conscious of taxes puts money in your pocket too (at least it keeps it from being taken from your pocket, which amounts to the same thing), and the payoff is swift, certain and there for the taking. So take full advantage of tax-deferred benefits at work, like 401(k)s and flexible spending accounts. Stick with tax-efficient investments like index funds. And claim every deduction you're entitled to. According to the Government Accountability Office, taxpayers who could itemize but chose not to ended up overpaying by $450. Don't be one of them.
19. Give wisely
The time is always right to do the right thing.
--Martin Luther King Jr.
Granted, Dr. King did not have money on his mind when he spoke these words. But they also ring true in your financial life, since giving back is always the right thing. Still, there are more right and less right ways to do it.
Look beyond the headlines. It's fine to give money to disasters like the tsunami, but don't forget about smaller charities that go wanting.
Don't give over the phone. Telemarketers often take a cut of 50% or more.
Focus. Identify a cause that really speaks to you. Then devote most of your energy and charitable dollars to the organizations that best support it.
20. Keep money in its place
A wise man should have money in his head, but not in his heart.
--Jonathan Swift
People who say they value money highly report that they are less happy in life than those who care more about love and friends. Enough said.
Labels: Historical Teachings, Investment Quote
Live Trading Records for 27 Aug 07, Mon
Yongnam bot .395, broke out of a minor bottom formation, tg .47
Tai Sin sold .485, +26.0% entering strong resistance area / hit technical rebound target area .468 to .498, eps 0.0555
STIsgaECW071030Q bot .49 sold .485, -1.0%, too stressful!
Heeton bot .715, broke out of a minor bottom formation, tg .94
Asia Ent bot .45 (partially filled), broke out of a minor bottom formation, tg .525
Live Trading Records for 28 Aug 07, Tue
Baker bot .325, broke out of a minor bottom formation, tg .40-.435
HLG bot .325, broke out of a minor bottom formation, tg .43-.47
Live Trading Records for 29 Aug 07, Wed
DBS bot 19.2, eps 1.55, fair value 23.2
OCBC bot 8.2, eps .754, fair value 11.3
UOB bot 19.9, eps 1.45, fair value 21.7
FujianZY bot .47, eps 0.097, fair value .97
Ausgroup bot 1.6
SingTel sold 3.62, +1.7%
Live Trading Records for 30 Aug 07, Thu
STIsgaECW071030Q bot .475
Beyonics bot .405
Bread bot .485
STIsgaEPW071030Q bot .535 to hedge against risk in holding STIsgaECW071030Q overnight since no ideal price for exiting the later today after being bot
Live Trading Records for 31 Aug 07, Fri
STIsgaEPW071030Q sold .515, -3.7%
STIsgaECW071030Q sold .495, +4.2%
Yongnam bot .395, broke out of a minor bottom formation, tg .47
Tai Sin sold .485, +26.0% entering strong resistance area / hit technical rebound target area .468 to .498, eps 0.0555
STIsgaECW071030Q bot .49 sold .485, -1.0%, too stressful!
Heeton bot .715, broke out of a minor bottom formation, tg .94
Asia Ent bot .45 (partially filled), broke out of a minor bottom formation, tg .525
Live Trading Records for 28 Aug 07, Tue
Baker bot .325, broke out of a minor bottom formation, tg .40-.435
HLG bot .325, broke out of a minor bottom formation, tg .43-.47
Live Trading Records for 29 Aug 07, Wed
DBS bot 19.2, eps 1.55, fair value 23.2
OCBC bot 8.2, eps .754, fair value 11.3
UOB bot 19.9, eps 1.45, fair value 21.7
FujianZY bot .47, eps 0.097, fair value .97
Ausgroup bot 1.6
SingTel sold 3.62, +1.7%
Live Trading Records for 30 Aug 07, Thu
STIsgaECW071030Q bot .475
Beyonics bot .405
Bread bot .485
STIsgaEPW071030Q bot .535 to hedge against risk in holding STIsgaECW071030Q overnight since no ideal price for exiting the later today after being bot
Live Trading Records for 31 Aug 07, Fri
STIsgaEPW071030Q sold .515, -3.7%
STIsgaECW071030Q sold .495, +4.2%
Labels: Live Trading Records
