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| Thursday, November 23, 2006 |
| Singpost (updated 23rd November 2006) |
 I bought this stock with the intention of gaining on short term capital gains. Despite knowing the fact that prices are slowly tumbling, I decided to go in at a price of $1.02, which is my estimated support line. Knowing that the price would go up to a range of $1.06 to $1.08, I should have sold it when it hits $1.06.
However, greed got the better of me, and now I'm still holding it with its price at $0.98. Looking at the decreasing Price Volume trend, things dont look optimistic at the moment for SingPost and i guess i would have to hold on for a few months. Personally, I think this is a safe stock despite showing primary downtrends. As a company, it is always trying to look at other alternatives of investment.
But, concentration of sellers is more predominant over concentration of buyers. I will reassess it at the end of October and see the reaction of these investors.
Status: Holding
Target: Initial target of $1.06
************************************Updated on 28th October 2006*******************
 Bad signs on Singpost. Will dispose once I hit target.
- Has a decreasing primary trend
- Decreasing secondary trend
- Short term observation shows bearish traits, as there is an increase in volume and decrease in price.
- PVT is decreasing gradually too.
- Stochastic is decreasing. Will hit oversold region soon
Status: Queue to buy at $0.975.
Target: $1.04 - $1.06, depending on the stochastic curve in the future.
Note: This stock seems to be "corroding". There are many signs that justify this.
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**************************Updated 23rd November 2006*****************************
 Sudden surge caused the stock to be overbought. Displaying a steadily decreasing price and PVT trend, it looks like it will not recover. However, the surge has caused it to change the trend. Is it a one off? Has the trend changed?
One thing to note is that the price trend is in accordance with its volume. This might just signify that it has turned around. Sold at $1.07. Will reconsider again once it hit 20% in the stochastic chart.
************************************************************************************Labels: SingPost |
posted by Nenix @ 11:11 AM   |
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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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