MY TAKE ON INVESTING

Like everyone else, there is only one reason why I study, analyse and participate in the financial markets - and that is to make money. But the difference with me and most other people is that I am willing to use anything (legally) possible to do it. If counting the number of cockroaches that I see everyday gives me an edge in the market, I'll do it. If it works, I'll use it; be it keeping tabs on the economy, looking at charts and indicators (technical analysis), looking at value or growth potential (fundamental analysis), profits & earnings + other related market activity (quantitive analysis), through insider activity + consumer surveys (sentiment analysis) and yes even astrology.

I've spent over five years monitoring, studying, observing and trading the financial markets. My quest was to find out what makes the financial markets move, to find something substantial, something that will provide consistent monetary gains. I don't want to just accept what other authors say/write as gospel truth, I want to know why. In 2005, I took a masters degree in finance to see if what they teach in the university adds any value towards investing success - the answer is 'not really'. Investment knowledge builds up with time - what might seem unimportant to you now may become what you need to get you to the next 'level'. Such is my experience with fundamental, quantitative, economic and sentiment analysis.

What you see in this blog represents quite a number of item(s) and technique(s) that have met - like what W.D. Gann says - my '(utmost) satisfaction' and I hope that they can be of use to the investment pilgrim who's also on a quest for understanding and success.
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Saturday, August 20, 2005

20-Aug-05 Settling Down in Sydney Nicely

It's been almost a month and a half since I got here (Sydney) to pursue a Master of Commerce majoring in Finance. The days without internet access caused me to miss a nice rally in many markets (US, Singapore and Australia).

One stock that I couldnt take my mind off was Cosco (a Singapore stock). I sold it at S$1.84. At that time, a post on the Wallstraits forum mentioned that Cosco insiders sold their holdings at S$1.76 and that Cosco's run was coming to an end... I replied that I would be getting in despite that fact as long as the 'pros' are still gonna push it higher. Today, the stock is trading between S$2.4 and S$2.5; but I was internet-less and couldnt participate.... sigh.... well, there'll be other opportunites.

Capitaland (and other property stocks in Singapore) also made some impressive gains thanks to the announcement from the Singapore Govt that lowered the required deposit for new residential properties from 20% to 10%. That certainly caused the institutions to rush back into these stocks after they sold them some time back when property sectors in Hong Kong and Shanghai were tapering off.

An interesting observation I made recently was that Noble and Comfortdelgro have been very quiet these few months, and set me thinking about the reasons why the institutions have avoided them, and if there are tell-tale signs to it (e.g. profit warnings, stagnating earnings growth, institutional stock distribution, etc). I'll just have to leave this till later as I'm still working on several buy-triggers.

ON THE US FRONT

The US Market has been very quiet over the past 3 days. Volume has been declining as well. Both the 5 and 15 day stochastics are in oversold territory and we should see some movement coming up soon. The only unknown is how much is it going to move. As usual, I'll wait for the market to tell me :)

posted by SmokingFlax @ 6:49 AM   0 comments

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