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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Tuesday, December 26, 2006

SGX Insider & Substantial Shareholder Activity from 18 - 22 Dec 06



Here are some of the more significant transactions reported over the past week:

BUKIT SEMBAWANG ESTATES LTD 19-Dec-06 Aberdeen Asset Management Asia Ltd (AAMAL) 2760500
CHINA PAPER HOLDINGS LIMITED 15-Dec-06 American International Group Inc. (AIG) -3489000
FIRST ENGINEERING LTD 19-Dec-06 AFFINITY ASIA PACIFIC FUND II LP 2989000
FIRST ENGINEERING LTD 18-Dec-06 AFFINITY ASIA PACIFIC FUND II LP 3934000
FIRST ENGINEERING LTD 15-Dec-06 AFFINITY ASIA PACIFIC FUND II LP 7640000
HONGGUO INTL HOLDINGS LIMITED 12-Dec-06 FMR Corp -990000
HONGGUO INTL HOLDINGS LIMITED 8-Dec-06 FMR Corp. 991000
INNOVALUES PRECISION LIMITED 8-Dec-06 Tiedemann Global Emerging Markets LP 478000
MACQUARIE MEAG PRIME REIT 19-Dec-06 Macquarie Bank Limited -8331400
MAPLETREE LOGISTICS TRUST 20-Dec-06 UBS AG -1000000
NOBLE GROUP LIMITED 19-Dec-06 Michel Harouche / Merrill Lynch International Bank Ltd 1009050
NOBLE GROUP LIMITED 18-Dec-06 Michel Harouche / Merrill Lynch International Bank Ltd 1500000
SEE HUP SENG LIMITED 20-Dec-06 Merrill Lynch & Co Inc / Merrill Lynch International 17000000
SINGAPORE AIRLINES LTD 15-Dec-06 Temasek Holdings (Private) Limited (Temasek) -1055450
SINGAPORE TECH ENGINEERING LTD 8-Dec-05 Aberdeen Asset Management Asia Ltd (AAMAL) 31034000
UNISTEEL TECHNOLOGY LTD 15-Dec-06 The Capital Group Companies Inc. (CGC) 2980000
UNITED INDUSTRIAL CORP LTD 21-Dec-06 Morgan Stanley Entities (please refer to footnotes) 14699000

Over the past week, both the FTSE and NASDAQ indices have came down alittle while the Nikkei225 stayed strong. The NASDAQ Composite is now above the 2380 - 2400 support zone and how it behaves over the next two weeks may give some clues as to where the equity markets will be headed. I've added a weekly chart of the NASDAQ Composite to the charts above, and the 15-period stochastics is starting to turn down.

As reported before, the November reading of the PMI (Purchasing Managers Index) has fallen below 50 to 49.5% for the first time since April 2003. Capacity utilization across all industries are also at over 80% in the US, it will be interesting to see how firms can keep increasing their earnings without raising prices. If earnings doesnt grow, the market will remain "expensive". But trading opportunities will continue to abound, especially in choppy markets with short 2-3 day up and down swings.

Wishing you and your family a very very happy new year!
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