My Transactions So Far

Sold my only holdings, SMRT @ $1.45 and SembMarine @ $3.40 in Jan and Feb as i believe a correction is coming. Think selling SMRT at that time is good as it went down to $1.3+ after i sold. The opposite could be said about Sembmarine. It flew to 3.6+ immediately once I sold. Anwyay, i believe in not regreting your decisions, be it good or bad, as long as you learned a good lesson.

In early Feb, my bro-in-law told me that YongNam has a very high chance of getting the IR contract as it is the only steel structure counter in Spore. I did not take action as I did not have any cash. My sis bought 10lots @ $0.22. IT flew to $0.34 in 3 weeks. My sis was greedy and held on. It nosedived back to $0.22-23 during the end Feb-early Mar period.

Since this counter has shown that it has potential, I bought 10 lots @ $0.235 on 5 Mar 07. I thought of selling when it was hovering around $0.28 but stuck with it as it was in top volume for many days. As i research more into YongNam, I got to know that the construction industry is booming with the IRs, en-blocs and condo developments. There were a few interesting counters: BBR, CSC, Lian Beng, Tat Hong. I chose BBR because it is still only $0.16(ie not risen too much). And i do see their logos at some contruction sites, ie means thye do have a presence in Spore. I bought BBR 10 lots @ $0.16 on 18 Apr. A research house also wrote an article with a buy rating on BBR with target price at $0.20. Thus, my target is $0.20.

Next, greedy me also bought CSC 6 lots @ $0.31 on 19 Apr. CSC because it just acquired L&M, G-Pile and Soil Investigation. With these acquisitions, it becames the biggest foundation and Geotechnical Company in Spore and region. I believe it will rise further due to their involvement into Malaysia(with acquisition of G-Pile). And there are not many foundation companies in Spore. So their chances in getting the IR and en-bloc developments are higher. My target is $30%, ie $0.40.

Between 16-20 Apr, I see that Lottvision was riding the bull and has risen very fast. Forums was praising it for going into China market for their gambling biz. So i got even more greedy and bought 5 lots @ $0.66 even i know i do not have the money to pay. I was hoping to contra it off within T+3. Unfortunately, the price only fell and after T+3, the fall was quite alarming and I quickly cut loss @ $0.53. It hit my -20% stop loss. I lost $705. Side note: it rose again after i sold!

As i would need money to fund my CSC purchase, I sold 5 lots of YongNam as it hit my target price of $0.34. I sold at $0.36 on 30 Apr. I profited $600. I sold the remaining 5 lots on 30 Apr @$0.35 as i fear thaat there is a correction coming from China. Got $550 return on this sell. Reports are saying China market is very high, with P/E above 40 and too many ignorance people coming into the market.

So right now, I have only CSC and BBR on hand. I feel CSC has the potential but some big investors are pressing the price down as there is always a very big sell queue @$0.325.