SGX - Buy

SGX is undervalue, oversold. Expect some run-up leading to CD (0.155 per lot) on 15/10.

8.42, cut 8.22

Why you should stick with pennies?

At the moment, only < $1 stocks is moving because they are cheap and easily dispose off . Remember my last post that sti is stuck at 2630 - 2700. Only load Blues at 2630. Other than that load pennies like:

CSE Global (0.835, which is bullish)

The past week has seen EzionHlgs, Falcon, Tiong Woon moving towards $1. The trend look out for for 70-80 cents one.

Oily Chart. Watch these if you holding Oily stocks

STI outlook - Buy at 2630 and Sell at 2700

My view is sti will be stuck in the range of 2630 - 2700. Buy at 2630 and Sell at 2700

Why you should not buy these lovely ladies now.

Wilmar (50 MA set at 6.60)

Kepcorp (Bollinger Band 8.02)

Tomorrow watch these

OrchardParade
(1.07, 1.11)

New calls

Rotary


Wilmar

Wilmar ... breakout from tight range today with increasing vol. Big buyers left footprints. Likely can go higher.

Pillow Test

I would recommend that traders take the "Pillow Test" to ensure they are
able to appropriately handle a losing trade. If you feel you can put your
head down at night and sleep easily without worrying about the result of a
particular trade, than you pass the "Pillow Test" and should be in a good
position to be able to deal with a losing trade. However, if you find
yourself unable to rest your head on the pillow (and especially if you are
using the pillow as a suffocating device), you have probably taken on too
much risk and should significantly reduce your position size to the point
where you can get some sleep. Losing is a part of trading and should be
embraced. If a trader can not accept being wrong sometimes, then he is more
inclined to be wrong all of the time. We all have lives outside of our work
and need to be able to go home to our families and friends at the end of
each day knowing that we will be able to focus on what really matters.

Nimble

Rotary get near 1.21
CSE get near 0.815
Wilmar get near 6.60

Is there Hell?

http://www.av1611.org/hell.html

Beware of China Company

Cosco incurs heavy oil deratives losses-sources DJ news

another CAO situation?

Greedy Greedy Company - Rights/Share Placement

Sinotel, Oceanus, Noble, YingLi and Falcon

Latest Government Move

These measures include
1) reinstatement
of the Confirmed List for the 1st Half 2010 Government Land Sales (GLS)
Programme, more ECs will be built

2) removal of the Interest Absorption Scheme (IAS) and Interest-
Only Housing Loans (IOL), with effect from 14 Sep 2009 and

3) non-extension
of the Jan 2009 Budget assistance measures for the property market when
the measures expire.

HDB price skyrocketing...

Familiar? This is the talk of the town.

So far I hear only rubbish on the high price of HDB flats. The letter by HDB deputy CEO is logical and reasonable, yet it cannot calm the anger among some Singaporeans. But who is right? ...I tell you what the problem is.

HDB has many choices for flat ranging from 2 room to executive flats. Buy the one you can afford. So what is the issue? The issue is people want big flats that they cannot afford at very good locations where land is scarce. These people are the ones who are unhappy and keep whining - they are choosy and want cheap and good. But Singapore of today is not the Singapore of 20 years ago - we are a financial center, R&D center and GDP has grown by leaps and bounds- Singapore has the highest millionaires per capita. Imagine if HDB price the flat in prime areas like Tiong Bahru below market - it will just mean more people queuing up because it is just too cheap. Is it responsible for a govt to sell tax payer's property cheaply to some people? This people can just turn around 5 years later and sell the flat in the open market and make a few hundred thousand profits for doing nothing at the expense of other tax payers. It is therefore best for the govt to price the HDB flats in relation to the market price so as to avoid creating risk-free profits for some people and not others.

The HDB cannot push HDB prices down or distort the market by regulation. There are more flats that are already held and owned by Singaporeans than property coming onto the market. The high prices benefit more Singaporeans than if artificially pushed down because most are owners rather than buyers. There are also the unfortunate people who bought in 1996 still waiting for small profit because of high interest in 1997-1998 and their high buying price, it is unfair for the govt to step in push the prices down so that a small minority can benefit. What about the thousands of aged people with fully paid HDB flats who are counting on this single asset for a better retirement.

People who are asking for lower HDB prices for selfish reasons should be told to go fly a kite. They want HDB to meet their own expectations which is wrong. HDB has to act for the benefit of the majority of Singaporeans. Prices are going up because incomes have gone up, people are optimistic about the future and in land scarce Singapore, it is an excellent investment. If HDB sell the flats cheaper and below market prices, these people can 5 yrs from now cash out with extraordinary profits at the market price and walk away with a few hundred thousand of what is taxpayers money - why should govt hand money to these people when there are poor, sick and disabled people to help.

All the noise about HDB flat prices borders on the ridiculous - they show a lack of understanding of market forces and departs from the reality...it shows a lack of flexibility in the expectations of these people because there are choices - choice they don't want to take because they insist on having the best at less than the market price.

This market is for the patient.

Come Monday, I suspect shortist will be at full force but don't think mkt will correct heavily. We will have these series of long/short squeeze that will kill both short/long traders. In fact I think, this will persist for quite a while. The trick is buy and hold good blues. After all these squeeses, we could see some light at the end of the tunnel, hopefully some handsome year-end bonuses for those who is still alive.

Looking at chances to load KepCorp at 7.92 on Monday. This is a great opportunity to own 1 of best paying blues around.

Cheong Kings
#1 City Dev
#2 SGX (7% Dividend)
#3 KepCorp (8% Dividend)

Call Review - Buy commodities

Noble - Run already. Commodities are set to rise with USD going down

SGX - Still going up.

RafflesEdu - Stuck.

DBS - Slowly but surely playing catchup.

SembMar - Have not gone up. BUY and dig in.

Wilmar - Have not gone up. BUY and dig in.

Finally Can nimble some

1. Noble (cut 2.06)

2. Raffles (cut 0.515)

3. SGX (cut 8.24)

4. DBS (cut 12.60)

5. SembMar (cut 3.05)