Dear readers,
I have finally registered a domain dedicated to my stock trading blog. The new blog name will be The Stock Trading Advisor and the new web address is www.thestocktradingadvisor.com. Please edit all your bookmarks to reflect this change.
I'm going to be a little bit more professional in the new website, apart from the usual stock trading tips, I have added a trading result page for all to see. You can also expect to find more interesting market news and my personal views on them. Lastly from 2011 onwards, there will be a performance presentation on a month-by-month basis so that you can easily compare our performance to some of the major indices.
Thank you.
Saturday, October 23, 2010
Wednesday, October 20, 2010
NYSE : Las Vegas Sands
LVS has always been one of the best gaming stock for me. They have divested out of the Vegas Strip and have now captured the second largest market share in Macau, behind only SJM Holdings. On top of that, I believe the Marina Bay Sands in Singapore is destine to do very well.
This is exactly the reason why I'm taking an unusual risk yesterday. As many of you would probably have known, I seldom buy a counter base on very short-term charting. This time round though I feel that LVS has alot more upside potential and I'm very looking forward to their quarter result announcement. An entry point around the region of US$36.50-$36.60 looks good. ***Note : Please do not buy too much, As I said, this is an unusual move.
Buy Las Vegas Sands at US$36.60.
Monday, October 18, 2010
Bloody SingNet and a Few Updates
Damn SingNet connection has been giving me big problems recently. Lost my internet connection back at home and apparently SingNet couldn't find out what's the problem. I'll only be able to update on our portfolio once they got it resolved.
Meanwhile, it seems like we have been pretty lucky for the past week. If you have been following my trades, we would have taken profit on MGM Resorts International before the stock tumbled due to the disappointing result expectation.
The rest of our current portfolio seems to be doing ok. Iron Mountain is slowly climbing back since 5 Oct 2010. The company stock is now trading around $21.50 for a paper profit of about 3.8%. I've managed to enter Quiksilver Inc at the price of $4.16 and this counter is sitting comfortably at $4.38 now. Rick's Cabaret is also doing well at $7.49 now. That's about 7% in the money for us. Ezra Holdings from SGX is trading at $1.87 before dropping to $1.82 today. Anyway, we'll be holding this till the rights shares are available for trading.
Most of you would have already noticed we've been selling of alot of our positions and holding on to some cash. I'm waiting for the market to tank a little before trying to find for some good counters that's been trading at discounted prices.
Be patient and good luck ahead!
Meanwhile, it seems like we have been pretty lucky for the past week. If you have been following my trades, we would have taken profit on MGM Resorts International before the stock tumbled due to the disappointing result expectation.
The rest of our current portfolio seems to be doing ok. Iron Mountain is slowly climbing back since 5 Oct 2010. The company stock is now trading around $21.50 for a paper profit of about 3.8%. I've managed to enter Quiksilver Inc at the price of $4.16 and this counter is sitting comfortably at $4.38 now. Rick's Cabaret is also doing well at $7.49 now. That's about 7% in the money for us. Ezra Holdings from SGX is trading at $1.87 before dropping to $1.82 today. Anyway, we'll be holding this till the rights shares are available for trading.
Most of you would have already noticed we've been selling of alot of our positions and holding on to some cash. I'm waiting for the market to tank a little before trying to find for some good counters that's been trading at discounted prices.
Be patient and good luck ahead!
Monday, October 11, 2010
NYSE : Quiksilver Inc
Quiksilver Inc is an apparel company that designs, produces and distributes clothing, accessories and related products for young-minded people. One of my favourite brands around for all my beach wears.
The company stock has taken some beating from the recent high in late April, dropping from US$6.09 to as low as US$3.37. The company is in the black and announced EBITDA of $53.5mil. Revenue has drop a little comparing to 2009 but profit has increased. It seems the stock has now reach a fairly good price.
The stock had actually broken the downward trendline on Wednesday but due to market uncertainty, I didn't feel that it is a good time to enter. But on Friday it seems to have found the strength to push further. I believe there is potential for it to hit about US$4.65.
Entry price : Any price below US$4.25
Cut loss price : Around US$3.95 where it will break the recent upward trendline
Target price : Around US$4.65 (looking forward to end Oct quarterly result)
NYSE : MGM Resorts International Reaching Target Price
Wow wow what a day Friday was! The gaming stocks rallied yet again. This time round coming from the good news of the Nevada revenue growth. Naturally, MGM with their number of businesses in the Las Vegas Strip had the best response to it, rallying to close at US$12.67.
The after market trading push this stock further up to US$13.56!
I've got to be honest here though, for those of you who did not manage to take profit on Friday, you'll most probably take alot more than me on Monday. I sold the remaining of my MGM shares at US$12.68 for a good profit of about 18.5%.
Sell MGM Resorts International at US$12.68
Thursday, October 7, 2010
Risk Reduction Action
A quick summary of things, this morning Hang Seng Index has touched 23,000 points. Such a whole number is usually a strong resistance level and true enough the index ended slightly lower at 22,880 points today.
Dow Jones Industrial has also almost touched the 11,000 strong resistance mark. As written in my previous post on indices I think the market might be due for some retracement. Of course there is a chance that I may be wrong and the market will rally to a new level but I would like to keep some profit and minimize the risk now.
I've sold off half my holdings of MGM Resorts @ US$11.86 today. Not going to hold till my true target price. If the market does tank in the next few days, we'll have opportunity to buy back what we sold today.
Remember, keep your profits! Don't let the market take it back from you!
Sell half portfolio of MGM Resorts International @ US$11.86.
Dow Jones Industrial has also almost touched the 11,000 strong resistance mark. As written in my previous post on indices I think the market might be due for some retracement. Of course there is a chance that I may be wrong and the market will rally to a new level but I would like to keep some profit and minimize the risk now.
I've sold off half my holdings of MGM Resorts @ US$11.86 today. Not going to hold till my true target price. If the market does tank in the next few days, we'll have opportunity to buy back what we sold today.
Remember, keep your profits! Don't let the market take it back from you!
Sell half portfolio of MGM Resorts International @ US$11.86.
Wednesday, October 6, 2010
NYSE : Iron Mountain Inc
Iron Mountain Inc
Iron Mountain Inc is one of Warren Buffett's favourite stock recently. The Berkshire Hathaway has over few occasions acquired a big amount of the company stocks.
Yesterday was a bad day for Buffett, Berkshire as well as Iron Mountain. The stock drop a whole 10% before pulling back slightly to close at a drop of 8.6%. This come amidst news of the company's 2011 forecast results, which of course is worse than expectations. At the same time, Iron Mountain has authorized about $200mil for another round of share buy back program.
Overall company financial statement looks sound and company is making good profits. The shares buy back should also help to improve the value of the liquid stocks in the market. I'm giving this counter a buy with a long-term view.
Entry Price : US$20.45
Cut Loss Price : To be safe I'll put it as US$19.50
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