Jan 17, 2010
Winston’s Investment Blog : TOL as of January 17,2010
Keeping the gun-powder dry
The markets are trend-less and I’ve been staying on the sidelines. The only positions that I have now, are some laggard stocks that I think are “undervalued” and has some positive catalyst.
1) Oil – US$ 78. The cold weather would be over in a few weeks ( hopefully )
2) Gold – US$1130; No Chinese lining up to buy gold coins ?
3) Soft Commodities are correcting. Expecting hard commodities to correct as well.
4) Shanghai Equities – Three catalysts for a correction, have appeared . Next stop @ 3050 ? Also, people may start taking some money off the table before the week-long CNY holidays.
5) HK Equities – Positions in AMVIG. Sold Cassava. People will start applying for the IPOs again next week.
6) HK IPO – May apply for South Gobi Energy depending on the pricing.
7) Spore Equities – Reviewed my S’pore Portfolio. May add to Hotung and Starhill
US Equities – Higher Lows and Higher Highs on low volume, Still keeping my Inverse ETF
9) Japan Equities – Stronger than expected.
10) Properties (HK, Spore & China) – Volume always fall before Prices ?
11) Swine Flu – No news is good news unless they are controlling the news
12) Emerging Markets – Outflow from China Funds
13) Iran – Sanctions are now being targeted on the companies owned by the Revolutionary Guards and the Ruling Elites. This is a good move and will not affect the general population.
14) Hedge Funds – Next deadline for redemption is…