TOL as of October 24, 2009:-
1) Commodities – Will not be chasing any Commodity stocks now. I think the Chinese are moderating their stock-piling and I’m also afraid of a short-squeeze on the USD.
2) Shanghai – Rebounded from bottom. Will not chase the A50 2823 in HK. Something similar to the A50, will be launched on the SGX very soon.
3) HK Equities – Have been trading Zhongwang, AMVIG and BBMG.
4) HK IPO – Shenghuan: > 30% return . Already applied for Comtec Solar and Yu Zhou. Have not decided on Excellence, Trinity, Ming Fa and Evergrande.
5) Spore Equities – Watching the laggards and some fallen angels. Reminds me of the period after the AFC, where I was out of the market for > two years..
6) US Equities – Expecting it to be range-bound between 8000 to 10,000. People are now also looking at the Top-Line, in addition to the Bottom-line, as profits from cost-cutting is not sustainable. I think it will be trendless until late Dec, where Window-Dressing activities may surface again. Wall Street bonuses have now been finalized so there’s no more incentive to trade or to take additional risk.
7) Swine Flu – Winter is on it’s way in the Northern Hemisphere
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