May 22, 2010

24th - 28th of May 2010

Technical :
credit to hahalol.blogspot..


Main Support line : 2688 
Right Shoulder : >2784,  <2976

Fundamental :

  1. Europe Financial crisis problem
  2. Euros movement
  3. SSE under bearish, Renmingbi greatly affected by Rise in US$ and Drop in Euros.
  4. Riots in Greece
  5. Riots in Thailand
What i'm planning to do this week :


Amount to contra : $162.13
Amount to hold : $0

Sell NOL (contra date 27/5, Thursday)

If market is good, target blue chips, High beta 2nd liner, Call warrant.(all contra)
Buy only when i sold NOL or NOL have some paper profits(a buffer to withstand and sell when market turned)
If market is flat, sell NOL and wait for opportunities.
If market keep down and break 2688, sell everything and conserve cash.

Current Holdings :

ASL marine
ChuanHup holding
NOL


Below is my portfolio, it's a very small portfolio as i'm a student. Not much cash to spare but i try to maximise.
The virtual list of stock is my Paper trading started in May 2009. Its in a sea of red.

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