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| Saturday, October 28, 2006 |
| NOL 15th Oct 2006 (updated) |
 Consideration Posting
NOL fulfils all my screening requirements. Meant to be a short to middle term investment. As this chart is zoomed in, you cant see its longer term trends. It is increasing steadily too.
1) Long term trend on the rise
2) PVT shows increasing activity.
3) Price trend is going upwards in the short run.
Note that however, NOL will be falling in the next few days. (Maybe from 16th to 18th) but it will linger around the support line at $2.06.
Status: Buy at a price no more than $2.06. ($2.03 will be the ideal price though)
Target: Short term target at $2.19. Will Reasses at later date
Pull out: No less than $2.00
Confidence of success: 60%
***************************Updated 19th Oct 2006 ******************************
Status: Cancel wait
This is due to my lack of funds
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****************************Updated 23rd Oct 2006 *****************************
 Secondary trend downwards. Hit the support line at $1.97. Will hit the first support line at $2.00 to $2.02. Estimated to hit $2.13 in 15 days time.
Status: Bought at $1.97
Target: primary target of $2.03 within next few days. Will sell to recover SMRT if SMRT hits $1.11. Secondary target of $2.13 in early to mid november 2006
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******************************Updated 28th Oct 2006*******************************
Status: Sold at $2.08
Early Pullout. Didn't ride the profits. Lost faith in my own judgement.
Returns of 5.58% in 4 days though.
**********************************************************************************Labels: NOL |
posted by Nenix @ 11:18 AM   |
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| Friday, October 20, 2006 |
| Trading Philosophy |
Once upon a time, in a village a man appeared who announced to the
villagers that he would buy monkeys for $10. The villagers seeing that
there were many monkeys went out in the forest and started catching them.
The man bought thousands at $10 and as supply started to diminish and
villagers started to stop their effort he announced that now he would buy
at $20. This renewed the efforts of the villagers and they started
catching moneys again. Soon the supply diminished even further and people
started going back to their farms.
The offer rate increased to $25 and the supply of monkeys became so that
it
was an effort to even see a monkey let alone catch it.
The man now announced that he would buy monkeys at $50! However, since he
had to go to the city on some business his assistant would now buy on
behalf of the man.
In the absence of the man, the assistant told the villagers. Look at all
these monkeys in the big cage that the man has collected. I will sell them
to you at $35 and when the man comes back, you can sell it to him for
$50.
The villager squeezed up with all their saving to buy the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere! |
| posted by Nenix @ 9:24 AM |
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| Friday, October 13, 2006 |
| BeautyChina 12th October 2006 (updated) |
Three things to note.
(1) At $0.71, BeautyChina's price began to pick up after it dropped to a $0.40++ several months ago. This shows a strong reversal of trends after sustaining at this range for long.
(2) It has an upward trend ever since although it still struggles to beat the resistance point at $0.80. After breaking the strong resistance point, it is evident that price will surge.
(3) The PVT is increasing. This means that there is more activity. Furthermore, concentration of buyers far exceed the concentration of sellers.
Status: Buy at about $0.88. (although price is $0.90, it will fall as it is unable to sustain at such an accelerated surge in price)
Target: Conservative target of $0.91 to $0.94. Could wait till $0.98.
*****************************Updated on 13th October 2006 ************************
Status: Sold at $0.91
Target reached.
Manage to get returns of 3.40% in 1 day. :)
*********************************************************************************Labels: BeautyChina |
| posted by Nenix @ 2:55 PM |
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| Thursday, October 12, 2006 |
| Creative Technologies 9th Oct 2006 (updated) |
 Creative has been on a down trend for some time, hitting a low of $7.90 in mid June 2006. It has recovered since then.
Noting the value at late August 2006, the huge increase in Volume and it being more buyers than sellers show that people are accumulating stocks at this price. This is a highly possible resistance line.
Negotiations will take place in the range of $9.60 and $10.20. Showing gradual increase throughout the time.
Status: Bought at $10.20
Target: Sell at $11 by mid-November. or $11.50, whichever comes first.
Comments: I might consider this as a long term investment. Personally, I believe Creative will bounce back strongly
*******************************Updated on 12th October 2006 ********************
Status: Sold at $10.80
It is rising too slow. Seems like it will take some time before it breaks its resistance.
Manage to get returns of 4.85% in 24 days.
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| posted by Nenix @ 9:32 AM |
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| Saturday, October 07, 2006 |
| Cosco Corp 21st September 2006 (Updated) |
Cosco Corp is showing an uptrend. It also broke through the resistance level of $1.60. A sudden surge in price will be observed.
Bought on 21st September 2006 at $1.66. Should have waited till $1.60. However, I still decided to get at this price as I forsee a surge in price to $1.83 in the next month.
As observed from the graph, The accelerated surge will lose its "speed" and maybe recover at a $1.69 to $1.70 range. The signs from the volume traded also show signals of an upcoming bear trend.
Last updated 7th October 2006
Status: Buy at $1.70
Target: Sell at $1.80-$1.82
************************ Last Update on 5th Octover 2006 ****************************
Sold on 5th October 2006 at $1.79.
Decided to pull out as I doubt the price will break through the $1.80 mark.
Manage to get returns of 7.2% in 15 days.
***********************************************************************************Labels: CoscoCorp |
| posted by Nenix @ 4:45 PM |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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