"It’s like a tax-cut for the world’s freight shippers…"

20150211_BDIY_0.jpg

Sarcasm and wit to a point, ZH nails the crashing BDI again: Baltic Dry Index Hits New Record Low http://t.co/W0kRY0rxpp — zerohedge (@zerohedge) February 11, 2015 As I blogged about it earlier, a crashing BDI is a bad sign for the global economy. All that bullshit you hear on TV about lower oil prices equating to extra cash and margins for consumers and companies? Yeah, it's bullshit. … [Read more...]

C’mere Fishy Fishy…

whale_shark_food_hunt_fish_mouth_aggression_predatory_53035_3840x2160.jpg

POW, China Fishery got slammed down with the announcement of their Rights issue. They are doing a rights issue to have 4 shares sold at $0.173 for every 5 shares that you own. When I bought China Fishery a few months ago, one of the things that I highlighted was that the management were intending to redeem their senior notes. This rights issue is specifically for that. I am totally not … [Read more...]

Dissecting the SGX Metal Companies

ritsu-onodera.png

Are you ready for some noobish stock evaluations? Here we go! I stumbled upon this old post by SG Stocks Pick done back in 2012. It seems to be missing Nam Lee, so I'll be adding it in and going through my thought process openly here as an open thought exercise for those curious to see. But sometimes when you look at all the stuff you have to go through, you get so lazy... Time to stop being … [Read more...]

Beautiful or Ugly? Be Careful!

beauty-is-skin-deepugly-is-to-the-bone-beauty-quote.jpg

One of the problems that I have an as investor is that I like really ugly, awful, shitty looking stuff. The worse something looks, the more excited I am about it. Clearly, there is something wrong with my wiring. Am I a psychopath? Quite possibly. However, I do understand the failings and short comings of my methods. The problem with looking at horrible looking companies and hoping for a … [Read more...]

Baltic Dry Index, say what?

TxbDzeAhRmCwa6DDrbOQ_kazan-big.jpg

As ZH has been pointing out for a while, the Baltic Dry Index has been crashing recently and it is almost about to breach it's historical low of 554 set all the way back in 1986. Why is this important? Well, according to Investopedia, the BDI has been a good leading indicator of global economic activity. The BDI crashing does not seem to go well with the narrative that "everything is … [Read more...]

Did You Miss Me?

I was away the whole of last week having a holiday. It worked out pretty well I must say, after the 2nd day, any thoughts of work completely melted from my mind. I had a tough day trying to get back into my work groove! Anyway, now that I'm back, I'll be busy settling back into the daily grind of having regular work. I'll also be heading out to meet up with friends. I think seeing some of my … [Read more...]

Business Owner or Stock Owner?

Many many people confuse stock investing with gambling. "Sometimes it goes up, sometimes it goes down". Many people also tell me that there are only 3 ways to get rich. Be born rich, own a business or work very hard. I have many friends that tell me they wish for the day to become business owners. They are working hard and saving up so that they one day can own and operate their own business … [Read more...]

What to Buy, When to Buy?

I read this interesting article regarding TA that inspired me to write this post. Today, I am sharing my logic when it comes to my investment process. I believe that both Fundamental Analysis (FA) and Technical Analysis (TA) are important. As the title suggest, FA helps me decide what to buy, while TA helps me decide when to buy it. Using FA, I have tried to filter out all the nonsense … [Read more...]

Mancrush on Yanis Varoufakis

Since he has been rocketed into the limelight suddenly, I think I have a very strong liking to the new Greek Finance Minister.   "The problem of insolvency for 5 years has been dealt with as a problem of illiquidity." I think he took on this interview in a fantastic manner, even with the interviewer cutting him off, simplifying and reducing this statements and also addressing him … [Read more...]

[STI Statistics] January 2015

Hi all, this is my monthly post analyzing the STI. As of 31 January 2015 STI Closing Value: 3391.20 P/E Ratio: 13.79 P/B Ratio: 1.36 Monthly Data Series from 2008 Mean P/E: 12.20 P/E Standard Deviation: 3.18 Mean P/B: 1.47 P/B Standard Deviation: 0.21 % of time when the STI is cheaper based on P/E: 69.16% % of time when the STI is cheaper based on P/B: … [Read more...]

Bad Business, Bad Investment?

2015-01-20-21.20.53.jpg

As mentioned before, a good business can be a bad investment. However, what about a bad business, bad investment? The other day, I was at Takashimaya with my friends. While walking around, I saw this ATM machine! The interesting thing about this ATM machine is that there was a guy standing beside the machine explaining to people how it works. To be clear, I own precious metals and I think … [Read more...]

Good Business, Bad Investment?

970235_10151493333827199_677369118_n.jpg

Many people think that stocks are just alphanumeric digits that randomly go up and down. They tend to forget that behind every stock is a business. Anyway, guess who I am talking about? Clue: Credits: Me SHAKE SHACK!! When I stayed in Brooklyn for 2 weeks, I think I ate Shack Shake like 4 times. I would have eaten it more if I had the chance, but the queues and select locations … [Read more...]

Extreme Trading Idea?

Australian-Stocks.png

Tiho at A Short Side of Long is my personal man-crush for being one of the most astute value investors that I know of, constantly flagging out extremes that could be the turning point of a major trend reversal. He spotted this extreme in the currency market that I think mean-reverters might be interested in taking a look at. And no, it is not the EUR/USD. The EUR has a very serious … [Read more...]

[SGX Portfolio] January 2015 Update

Hi everybody, To all those that have seen my previous monthly, you would notice that this month it has changed quite a bit. This is due to the new change in the SGX as well as a new method of caluclation that I will be using. With the change of calculation, my previous individual monthly updates are slightly wrong. I don't know if I like this presentation format the best, but it's a … [Read more...]

Buying REITs with NAV Premium?

6e9Rflx.png

Above is the chart of Cambridge Industrial Trust. I went back to trawl through their press releases and I graphed the NAV from the day after the results are released until the next results are released. I did not take the date last reported because it is not useful. We will only know this updated information the date after the announcement, which is why I used that date. Interestingly, just … [Read more...]

Recap Of Last Night’s Battle

20150129_EOD3_0.jpg

As pointed out previously, the 100DMA (and the less obvious 150DMA) are the lines in the sand that will require a hero to save us all. Of course it comes to NO surprise that it is yet again someone from the central banks that comes in and talk stocks up. I mean, who could have seen this coming? Yellen said that there would be no rate hikes soon. Interestingly, following yesterday's … [Read more...]

This is where we hold them, THIS IS WHERE WE FIGHT

vnHJKo8.png

SPY now be like...   Thanks to Marketchess for pointing this out. The 100DMA and 150DMA seems to be where the bulls and bears are now deeply engaged in bloody hand to hand fighting. I like his point how these are not an the typical periods for the moving averages. To me, this makes it more important because the herd traders aren't fighting this fight. It's the veterans fighting upfront to … [Read more...]

Watch Out, Oil Train!!!

The-Most-Crowded-Train-in-Pakistan.jpg

"What's that?" "Oh, that's the Long Oil Train!" Oil sagged lower last night during the US open. Don't worry, it's all good because Oil at $43.XX is "unambiguously good" for the economy, right? Right? Unfortunately, I don't think that lower oil is good for the economy (in the US) and I also still don't think we're done with the drop in Oil. Jesse from The Felder Report has my same … [Read more...]

Gold Is Higher Yielding Than These "Safe" Assets?!

BN-GG532_0106_b_G_20150104232754.jpg

I've said it once, and I'll say it again: Gundlach is a brilliant man. Not only does he look badass with that sexy goatee, he is a great manager and I think he is one of the few no-nonsense, no-bullshit people around in the industry. He doesn't give views to conform, he gives his views straight up, whether you like it or not. Perhaps that is why he has been such a fantastic manager. I don't … [Read more...]

Take Out Your Tinfoil Hats!

2015-01-27-19.09.36.jpg

I know a lot of people think I'm borderline mad some days, but the truth is, I probably am. Just like AK, I was reading the news about Suisse International and their gold scam. Please be careful when buying precious metals! I think the main appeal of precious metals is the complete absence of counterparty risks. Why would you want to leave it with somebody else? There are plenty of reasons … [Read more...]