29 March 2006

What can I say? CAO is back and hogging the limelight. Open at $1.30 and shot to a high of $1.85. I was all ready to short the bugger at $1.80 but after thinking how hard I earn my money thru FA and TA, I am not ready to donate back to the market. So I held back and watched my supposed profits clinking at the back of my mind.

Anyway, there is some mild profit taking for StarHub. The low volume and 2 cents decline is nothing to be too concern about. With the Reverse Head & Shoulder break out the past 3 days and closing at $2.23 yesterday is a positive sign. Typically the previous resistance should act as support. I am looking at a support level between $2.20 and some strong support at $2.14 to $2.16.

ZHONGGUO POWERPLUS was featured in the Sunday Times as an undervalued stock. I would bet that nobody looked at it before Sunday. Anyway, this fellow had a stellar run since Monday. Now, I am attend a course on FA, I hope to be able to contribute positively to the investment community soon. I have Decipher and Gallen to thank as what they do encourage me to share what I have learnt (be it positive or negative ...hehe)

With the STI achieving new highs, I would like to share 2 things. The high can get higher and correction is imminent :). Be nimble.