Sunday, March 31, 2013

Breadtalk stock: stellar performance!

As of 1st March 2013, Breadtalk ‘s stock price was $0.77. On the last day of March 2013 (29 March 2013), Breadtalk’s stock closed at $0.945. Within one month, Breadtalk’s stock price has soared almost 23%!
Breadtalk is one of the various food play stocks in Singapore with the others being Old Chang Kee and FoodEmpire. Breadtalk’s stock performance in March 2013 has surprised me considering that Breadtalk’s stock price was $0.78 on 1st February 2013. However considering Breadtalk’s stock price was at $0.685 on the 1st trading day of 2013, Breadtalk’s stock price has soared 37% from start of this year to the end of the 1st quarter.

From what I have observed, Breadtalk’s stock price has almost been on an upwards projectile except in May 2012, when its stock price sank to $0.465. With Breadtalk expanding into the region and China and having other forms of food businesses, the prospects of Breadtalk stock seems bright.

Singapore STI: is it time to buy stocks now?

The STI is currently at 3308.10. This is a respectable level for our Singapore bourse. So the question on the minds of many investors is whether the STI will continue to climb? For this, I opened up my stock charting software and looked at the technical graph of STI ETF. Looking at the chart of STI ETF will give me a sense of how the STI is performing since STI ETF is an exchange-traded fund which tracks the STI. From the graph, the STI ETF has a “Golden Cross” where the blue MACD line cuts the red signal line from below, this is a bullish sign. Next, in terms of RSI, the STI ETF is attempting to cross from below the “Overbought region”- this suggests that the STI is not overbought yet. Thirdly, I observed that the 5-days moving average is still going up steady, being above both the 10-days and 20-days moving averages.

Friday, March 29, 2013

Singapore Stocks: whats next?

Singapore STI headed south yesterday. This is not surprising as after its strong rally past the 3,300 point, it is time for the STI to take a breather. Of the stocks that are of interest to me at the moment, NOL is one such stock as I have shared with all of you readers recently. NOL seems to be embarking on a strong rebound back, as I have shared until yesterday when the stock closed around 2.5% down to close at $1.185 from the closing price of $1.21 the day before. Also, I noted that $1.165 was actually the lowest intra-day price of NOL stock yesterday. I got that intuitive feeling after seeing an analyst coverage of a buy call of NOL stock on Thursday that this NOL stock will be heading in the opposite direction next (as often from what I experience reading analysts report). Thus, if you readers were to remember my post on NOL, I did not really encourage one to enter into NOL stock then.

Monday, March 25, 2013

NOL stock

NOL stock has been climbing slowly, steadily and surely in its stock price. Just a week ago or so, I have initiated a coverage on this stock, at that point, the stock price was $1.15 to $1.16, when NOL’s RSI went out of oversold and the blue MACD just crossed the red signal line, indicating a “Golden Cross”. This was hence a favourable point of entry into NOL stock.

Today, NOL stock closed at $1.205, this was around 5% increase over the price of $1.15. Now NOL’s stock price is going to cross over into the overbought region. Looking at the chart, it seems likely that NOL stock is headed towards higher stock prices though in the interim, how the Eurozone financial situation plays out can be anyone’s game. Over the previous four trading sessions, NOL stock has been closing higher and higher, hence the prospect of NOL stock hovering around the $1.21 can be quite firm.

Friday, March 22, 2013

The urge to buy oversold stocks

For the previous few weeks, I was actually quite tempted to buy some good stocks which have been oversold as it is quite intuitive that a stock will rebound in stock price after the over-selling. It is like the cycle seen for the stock market in general like a wave. From my experience, buying an oversold stock can give a better probability of a profit than using some other technical indicators to time the buying of a stock. For those who are not into the technical aspects of stock investments, we can tell whether a stock is overbought or oversold by looking at the RSI technical indicator of the stock.

Thursday, March 21, 2013

Invest in a stock sector favourable to you – Part 2

At last, I got some time to blog the second half (Part 2) of my post “Invest in a Sector favourable to you”. In my earlier segment of this same post (Part 1), I mentioned about how investors and traders in general use fundamental analysis to pick the stocks they would like to invest and use technical analysis to know when to enter and exit the stock or stock market. Today, I will just let on the essence of this post here.

Monday, March 18, 2013

Invest in a sector favourable to you –Part 1

When I first started investing, I read quite a lot of text describing the fundamental approach to picking the right stocks. Techniques like examining a company’s income sheet, balance sheet and cash-flow statement; techniques like working out using some complicated methods the intrinsic value of a stock, etc. However I have stopped doing the above as with the ease of access of analyst reports, important fundamental indicators are available to many. All the above techniques of fundamental analysis aim to help investors identify a “profitable” stock.

However after identifying a “profitable” stock, I believe, in this stock market climate that an investor needs to have holding power so that the stock he has identified will or may turn out to be the market darling or the next multi-bagger. An investor has to wait, possibly for a number of years before the stock market becomes interested in the stock. Analysts have

Tuesday, March 12, 2013

The rules of Investment

For quite some time, I have been doing some soul searching in my journey of investment. In the quest of my trading activities, I have been heading for profits and profits and liquidating them to realize these profits. Yes, profits to me are not really useful when you do not liquidate them as those profits in your outstanding portfolios may be whittled down to negative profits if you do not liquidate them in a timely manner. As a result of this pursuit, I have been doing quite a bit of trading, which result in some profits and some non-profits here and then.

Monday, March 11, 2013

Midas stock

As we now all know, the China government is currently restructuring its Ministries, one of which is railways. This piece of news got some punters excited about the direction of where Midas stock will head: north or south. Already, a well-known investment personality has recommended a buy on a holding basis for the stock as it is expected that more orders will come for Midas. Similarly, Maybank has a buy call for Midas stock today.

Saturday, March 9, 2013

Oversold Singapore Stocks

Singapore stocks are now trading at a good STI level (close to 3,300), hence investors and traders are really quite optimistic. However, when I took a look at how this STI level translates into the performance of individual stocks, the performance are not that consistent. One obvious trend is that China-related stocks are trading lower due to recent news from China. Property stocks are also affected as there are some cooling measure news from the government.

Monday, March 4, 2013

Singapore Stocks: buy or sell?

Singapore stocks did not perform well today. It does not take a rocket scientist to deduce this as US is once again discussing its debt matters. Among stocks of interest to me, Golden Agriculture stock closed around 61 cents, and this price level, if I can recall, is one of the lowest level this stock has reached since last year. I will turn into a buyer of Golden Agriculture stock plus many other good stocks once they reach a good level.
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