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what stocks to buy now
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iPunter
Supreme |
23-Dec-2006 19:17
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elfinchilde... If you don't mind, can I ask you whether you presently do any charting? ... :) |
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elfinchilde
Elite |
23-Dec-2006 19:08
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heya tanglinboy, took me a day to compile. lest that sounds too fast...am new to this site but not exactly new to investing; did an internship in fund mgmt when i was 18 (that opened my eyes big time), been investing since 21; so some of the stocks i've been tracking for years. oh yea, the thai somersault was unbelievable. haha. they seriously damaged their credibility man. yep prop stocks. watch allgreen, ascendas and macqinf next week. do be careful not to put all eggs into one basket tho; have seen firsthand how the big boys play; we can't fight against them, we can only ride the trends. cheers to all! |
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iPunter
Supreme |
23-Dec-2006 18:38
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Also since Thailand's latest fund restrictions still applies to property, though not equities, this will have a certain beneficial effect arising from increased foreign interest here. |
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derekchong
Veteran |
23-Dec-2006 18:22
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Government is optimistic about property market and recent land sale reflected it.You cannot go wrong just select property or related stocks. |
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tanglinboy
Elite |
23-Dec-2006 18:18
Yells: "hello!" |
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Hey elfinchilde, Solid post! How long did it take you to compile the list? |
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elfinchilde
Elite |
23-Dec-2006 17:26
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hm, TA on ASLmar shows downtrend, but i wouldn't really trust TA on it since vol is too low to be significant. Not sure what the FA is on this counter though; if that's good might be worth. any info? :) actually my instinct is to wait for dip next week (boozy traders make for low markets :P), buy some good counters, and out fast in the jan rally when brokers start coming in again to sweep up their prop and bank stocks. |
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Livermore
Master |
23-Dec-2006 17:08
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Keep a close watch on ASL Marine and its cheap valuations. This "sleeping tiger" can roar any time with a fixed order book already in the millions.... |
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elfinchilde
Elite |
23-Dec-2006 16:52
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Hi, on holiday now so had the time. haha. Everyone, pls feel free to add or take away from the TA list below. let's all profit! :) Would like opinions/critiques too. Initial criteria for selection: -stock price between 80c and $3. below that too volatile and liable for manipulation; above too ex: if your budget is high, those above $3 and acceptable: sembcorp, st engg, semb marine, singtel, SPC. The big banks, creative and venture. -ave daily vol of 1 mil for past year. No flatliners with sudden spikes ala Tat Hong; those cause heart attacks man. (plus from inside info, we know ppl were manipulating that particular counter) -at least 1 year of data. which leaves out this year's IPOs--just to be on safe side. Some 'bridesmaids-in-waiting' eligible next year--The 7 of them here IPOed from May onward: allco, banyan, CDLHtrust, chinamilk, luzhou, jiutian, sino-env. -stock has to be reliable on at least one indicator. If you are able to run backtests to see how effective an indicator is on a stock, that's good. e.g., offhand, SPC is apparently best predicted with the 9 day EMA. There are growth stocks that defy all indicators; steer clear of those if you're TAing: e.g., OSIM. Backtests show no indicators are sufficiently accurate for this stock. Closest is the RSI. (these are the counters you rely on FA for; and need to be held long term) -no US$ denominated stocks. US$ expected to fall next year; senseless taking double risk. end result: List of TA stocks: *drumroll!* Allgreen, Ascendasreit, ascott, biosensors, capitacomm, capitamall, celestial, chartered, chinasky, comfortdelgro, cosco, ferrochina, ho bee, hyflux, jurtech, labroymar, longcheer, macqinfra, mapletree, MMPreit, noble, olam, singpost, smrt, starhub, suntecreit, STX PO, UIC, wilmar, wingtai. note that most are on downtrend now/soon. at least, from the half i managed to TA on with my erratic internet access. >~< FA big pic: property and related (construction etc), banking. So ferrochina if you're holding longterm, really, no worries there. :) merry xmas everyone! |
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jackjames
Elite |
23-Dec-2006 16:38
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every stocks related to steel, constructions must rise next year, good luck Livermore. |
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Livermore
Master |
23-Dec-2006 16:08
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Now after a certain range, I average up very small lots. This way I don't get caught. If FerroChina can go above 90c, then it is possible I could buy a bit more |
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singaporegal
Supreme |
23-Dec-2006 16:07
Yells: "Female TA nut" |
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ic... it still looks like you're profiting from this trade. So no worries. |
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Livermore
Master |
23-Dec-2006 16:01
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I bought from 72c to 77c and smaller lots above 80c. I will monitor but hope to hold this for long term |
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singaporegal
Supreme |
23-Dec-2006 15:55
Yells: "Female TA nut" |
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Hi Livermore, You sound like you're vested in Ferrochina. If so, how much did you buy in at? |
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Sporeguy
Elite |
23-Dec-2006 00:44
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Hi elfinchilde, What are the stocks that you think can be TA-ed ? Thanks. |
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elfinchilde
Elite |
23-Dec-2006 00:14
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concur with singaporegal. watching a basket of abt 30+ stocks now (the ones that can be TA-ed); if you look at overall pic, most are showing signs of imminent downtrend, if not already. red flags are up. pls do be careful next week esp. ferrochina is downtrending. |
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Livermore
Master |
22-Dec-2006 23:48
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Thanks Singapore gal. "Jia lat" liao |
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singaporegal
Supreme |
22-Dec-2006 23:11
Yells: "Female TA nut" |
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I know what you mean. But if you take a timeframe of 2 weeks or more, you can see that they are all downtrending. |
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Livermore
Master |
22-Dec-2006 23:05
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Hey Singapore gal. But I see for the FerroChina chart, the Chaikin Osciallor up, accumulation/distribution flat and RSI up. But the MA crossover coming down. How do you determine it is on downward trend? I am "blur" at charts |
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Livermore
Master |
22-Dec-2006 22:59
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Thanks Singapore gal for your analysis. I shall keep a close eye. |
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singaporegal
Supreme |
22-Dec-2006 22:51
Yells: "Female TA nut" |
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Ferrochina seems to be on a TA downtrend now |
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