Author: A Singaporean Stockmarket Investor (ASSI)

Portfolio strategy

Done my weekly reading of The EDGE. Goola Warden, Darryl Guppy and Michael Kahn are people whose articles I enjoy reading. I have also learned a lot about TA from their writings. In this issue of The EDGE, all of them have gone decidedly bearish about the prospects of global stock markets. My own reading of the STI shows that the uptrend is still intact but the index is in a rather dicey situation should it not confirm the reversal signal seen in the last session. With the US market closing in the red in the last session, the...

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Grow your wealth and beat inflation

In some interviews earlier in the year, Marc Faber said that the meteoric rise in global stock markets in 2009 was a once in a lifetime opportunity to make a lot of money and that 2010 should be a year of capital preservation (ie. not to lose money). Marc also said that, on average, it is still possible to get about 10% gain from the stockmarket this year. People who know me would know that I have a lot of respect for Marc and I take his advice to heart. However, I believe that if we use fundamental analysis...

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Rationale for partial divestment

Amongst the three counters I am actively monitoring, I remain heavily vested in only one counter: Saizen REIT. I have divested 90% of my position in Golden Agriculture and 80% of my position in Healthway Medical in the recent run up in prices. From 4 Jan, the first trading day of 2010, Golden Agriculture raced from 51c to a high of 65.5c for a gain of 14.5c or 28%. Healthway Medical blasted through the roof as it started the year at 14c and hit 19.5c for a gain of 5.5c or 39%! In both instances, partial divestments took place...

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STI: Up or down?

Looking into crystal balls can be hazardous to health because they give you signs of what might be and not what will be. Usually cryptic and sometimes perverse, it’s best to avoid these magical objects. However, being human, I have the failings of our kind, the type of failings which got us kicked out of Paradise in the first instance. In a post dated 12 Jan, I wondered if a correction was at hand and on 13 Jan, it looked as if a correction was underway. For a recap, please seeConfirming the signs. However, on 14 Jan, things did...

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Healthway Medical: A seven months journey

One of the best performers in my portfolio in recent times has to be Healthway Medical. I started accumulating shares in the company in June 2009 at 10c and I was actively contributing in various forums on why Healthway was a value buy and how its intrinsic value should have been higher. I walked the talk and was actively buying up more shares in Healthway Medical over time and my last purchase was in December 2009. I had to constantly explain to people why I was so convinced that Healthway Medical was a value buy. Most were more attracted...

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Genting SP

This is another counter which I found visitors searching for in my blog. Personally, I’m not vested. Here is a TA for those who are interested. On 31 Dec 09, price action formed a wickless white candle, closing at $1.30 for 2009, a record high at the time. On the first trading day of 2010, price action formed a long legged doji with price closing 1c lower. MACD had a sell signal that day and the price has been declining since then. Today, the price closed unchanged but the relieve this grants to shareholders might be just an illusion...

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Healthway Medical – Rising too quickly?

Healthway Medical opened nicely enough as it gapped up at 16.5. The buy up at 17c which we identified as an intermediate target was fierce but 17c proved ultimately too strong to be taken out today even as trading volume increased. Closing at 16c is a sign of near term weakness. Any decline in price will find support at 14.5c, the top of the previous cup formation which was resistance and now turned support. Any further decline in price will find support at 13c where three rising MAs are converging. This might just have been a case of rising...

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