STI down 0.4%

The market has not really pickup after the rate cuts last week. Decided to buy into Tuan Sing today after reading the article in BT on it's property valuation in Shengton Way should be revised much higher.
It's like this company sitting in a gold mine yet nobody notice during this property boom until this article came out and it trigger a mad rush to buy it's stock.
Will this develop more interesting later? Only time will tell.
Portfolio status: +ve 15.1%

Day After Fed cuts Rate

Only reason I can think of why the Fed cut so much is because the sub-prime/housing/credit-crunch issue is bigger than expected.
So, cutting it now is only to soften the blow, but eventually, when the dust settles down, the problem is going to emerge to be huge.
Which only means one thing, the US economy is heading for recession.
Despite surging 2.5% for the Dow and STI 3.4% higher, I notice that quite many counters changed very little.
Lehman Bro reported higher than expected earnings but this could be due to the way the calculation is different, according to one analyst in CNBC.
Oil price creeping ever so high will just confirm that inflation will rise too, no thanks to the just lowered interest rate.
The effect of the rate cut, after all the anticipation is like an anti-climax.
Portfolio status: +ve 21.1%

STI Tread Water

STI close 2 points lower, didn't really pay too much attention on it today. Decided to let go of Labroy yesterday and take profit. Although this counter has great potential, I decided to play it safe and decrease my overall stock exposure.
Today Labroy went south, I guess it was a good choice to take profit on the 3rd day of rally. The US futures market was in the red anyway.
Watch Osim performed today, it went as high at 61c before retreating back and close at 59.5c
Decided to buy some at the last few minutes of trading, am rooting that it's price will break out in the very near future. Volume is high after news reported that Ron Sim bought some 500 lots yesterday.
Portfolio status: +ve 20.8%

Shanghai Plunge 4%, Dow Surged 1.4%

Yesterday Shanghai stock market nose dived 4% and it affected only Hongkong and not the rest of Asian markets.
Reason being is due to inflation data is higher than expected, thus, the China goverment will raise interest rate further.
Labroy finally surged past $2.20 as expected, although it took longer than usual. Analysts came out with reports with TP of over $2.80
Will continue to let it run and take profit by Thursday or Friday.
The Dow surged 1.4% last night, which is going to be good for STI and other markets.
Everyone is hoping for the rate cut by Sept 18. Ben Bernanke supposedly speech from Berlin was intepreted as neutral in the context of not reducing the interest rate.
Osim at 60c may breakout based on the charts.
Portfolio status: +ve 19.9%

STI see-saw whole day

I guess it lost some direction when US market is closed and China & Hongkong too ain't doing well because of the delay in policy of allowing individuals to buy share directly from HSI.
Labroy is slower than expected in picking up again somehow, very dissapointing.
GKE suddenly surged 10c today, not sure what's causing it yet. Have make some money from this counter before, again?
Rooting for Labroy to perform this week.
Portfolio status: +ve 12.9%

STI closed marginally lower

Despite the market doing rather miserably, probably directionless, Labroy finally moving up nicely as it should be. Some sense finally been restored to this counter as it should be. Recent sell-off created a window of opportunity to buy in cheap before it ram up to higher prices. Target price by two analysts are rather bullish, good to keep for mid-to-long term.
US market is closed today for the Labour day holiday.
Portfolio status: +ve 11.8

Bernanke vs Bush, who will win?

Bernanke gave his so-called most important speech today, so did Bush, but neither speech brings any ground-shaking sense of relieve to small time investors like me.
At least that's what I felt.
ASI debut at $0.25 and up 1c by end of the day. Lots of married deal and high volume with very low transaction.
Gems TV went up 7c today, that's 13% with news that an investment fund bought in and now owns about 5% of it.
Went and bought Labroy today, hoping that with the rumour of the COO crushed, the stock with stage a rebound but instead it still went further south. Will cut lost if it goes further south on Monday.
Did not buy in ASI yet, will watch how the share move next week before deciding.
Hopefully US market will be close much higher today so that on Monday, I can get out of Labroy with some profit.
Portfolio status: +ve 18%