Shoulder Socket Pain

The portfolio fared worse compared to the previous week. The main culprit was Etika falling to $0.415, after the shares were trading XB. Asiatic Holdings also took a hit but was insignificant overall. I am still considering whether to sell Asiatic, TPV and Stratech while adding more money, to increase my stakes into existing counters. It has been my intention to consolidate the smaller holdings, but the loss on Stratech has been putting me off for quite a while.

Sidenote, after coming back from a wedding dinner that ended around 12, I had difficulty sleeping. For strange reasons, my left should socket felt a numbing pain, keeping me awake from 530 am onwards.

Memstar Technology : Not That An Investment Proposition?

This write up was prompted by the following comment

nicholas said...

Hi there,

Was wondering what do u think about MEMSTAR? Thanks. Hope to hear from you soon :)

October 22, 2010 9:45 AM

Some facts about Memstar Technology from various sources

Stocks Discussion With A Knowledgeable Reader

2010/9/19

Hi there.

I have been actively reading your blog and share some of your views. I am particularly confident in some of your stocks such as GMG Global (which I have invested in) and Etika. However, recently I am looking to invest in another penny stock and Elite KSB has been of particular interest to me.

Can you give me some advice and if you have any research reports on them? Cos they seem very low profile and very thinly traded. Do you see any short term potential for them? Any target price you have in mind? I also believe the food industry wil boom in the coming year.

GMG global is another holding of mine... I believe in their fundamentals and have increased my stakes in them. Can you shed any views on them?

Why Do Most Stock Bloggers Prefer Anonymity

And why do most people who want to deal with your money plaster their face all over their blogs?

I some times have the urge to post a photograph of my face. I reckon that with my face on this blog, I provide some sense of security. If you can see how I look, you may think that my high forehead gives me ESP that helps me stay abreast of the stock market.

However, there are plenty of anonymous stock bloggers, myself included. I guess the reason is that while we would love to keep track of out portfolios, we do not really want people - especially strangers online - to know what is our net wealth. The negatives outweigh the positives.

Then there is another group of bloggers, those that potentially stand to gain direct business from traffic from their website. They are not shy to flaunt their credentials and share their analysis on many stocks. But these people do not tell you what is the size or gains from their portfolio. If you knew how their portfolio performed, there is even a higher chance that you may not trust your money with him or her.

Then there is another group of investors slash money managers. They appear on the mainstream media - may be because they were successful - and share with the public how they achieved their financial wealth. They too do not go to exact details but only vague generalities: make more, spend less!

Lesson here is that you have to be careful of everyone, including me. Who knows, one day, after achieving enough designations, I would want to become some one in a position that benefits from you moving your money. May be I will write a book and boast of the huge profits which were tracked on line. Let the reader beware.

Stock Market No Meat Short Term

I have mostly been inaccurate in my market calls (at least in terms of magnitude), nonetheless, I am sticking to my short term call ( 2 weeks till the end of October ) that a short term correction or market pause is imminent. Specifically, I do not see the 3,200 barrier to be sustained during the above mentioned time period because of the upcoming mega IPOs. While the mainstream media has played up the new issues, they will be a terrible drain on liquidity.

Another reason I am bearish in the short term is that what we have been observing is a strong run up in penny stocks. This strongly suggests that participation is not from the smart money but rather from brokers trading from their own account. With the MAS widening the band that the Singapore dollar can trade against the US, it is my opinion that the speculative hot money will flow out. I myself was anticipating that the MAS hold it at the 1.35 level. With the Singapore dollar strengthening further, it will discourage funds from putting money here, even though borrowing costs are relatively low.

I am just guessing the short term direction because the 3,200 level got broken much later than most people expected. Furthermore, if the US Fed really does plan to print more money, it will have a positive near term effect on the markets, if the money is directed to the financial institutions, rather than the man on the street.

And I am not sure if you notice this, on one hand America is printing or wants to print more money while at the same time asking China to re-value its Yuan peg. This reeks of economic bullying while at the same time, an accurate reflection of how American politicians intend to solve their own problems - at the world's expense.