Ad-Hocness

The stock market is really unpredictable and volatile. Of course if you know what you are doing than you would it less a roller coaster ride.

Eucon just reported it 1Q06 results...Marvellous!!!

Revenue grew 122% YoY compared to 1Q05. $25.9million from $11.7million.
Net profit $6million compared to $0.1million

Such stellar performance is only for 1Q which is traditionally a weaker quarter. As demands starts to pile up in the later part of the year, the profit will sure to rise. They are on course for doubling of net profit this year again. Their Laser Drilling will set to play a bigger part in this year's revenue. The continued demand for consumer electronics like 3G handsets will spur demand for PCB as well. Fellow PCB competitor Jadason also reported very good net profits. The PCB industry will be set for a rise.

Now on to one of the most spectacular thing. Yesterday morning, I was lamenting about the lack of response of Eucon's share price to the good results. The counter took a dramatic turn in the afternoon around 3.45pm and there was a sudden rush to buy. 30 million shares were transacted in this last hour alone to propel Eucon to the Top 10 most active list. It ended with a meteoric rise of 2.5 cents. It is now at is all time high of 0.33 cents. Once it clears it, it will soon smell 0.40. Chill!!
Something caught my eye more, there were two transactions of 2.25million each at 0.315 and 0.320. This seems like a fund manager at work. If it is indeed true that Eucon had gotten the attention of funds, than we are all truly in for a ride next week. :)

I predict the stock market will run up more this coming week prior to the General Elections. I will be considering to take a step back either this week or next and prepare for the traditional down period of the world cup season. The bulls were really strong...even after spooking 20 pts yesterday morning, the bulls came back in the second half and the STI closed 10 pts up. Truly amazing.

Now i just have to get over this weekend and watch for Eucon's price opening on Tuesday.

To my $500,000!

Need to get back to shape...IPPT to clear. 06/06/06...Haha...easy to remember.

Thinking of registering for CFA level 1 for the December 2006 intake, scouting for course providers. The fees are quite steep. Nonetheless this would really boost my CV if i manage to pass. CFA is supposed to be a tough exam with a passing rate of only 30- 40%

Oil prices could threaten to cause a mini meltdown. Really hope Eucon can gap up again on Monday after the strong buy in the last 1/2 hour on Friday's session. It jumped 2 cents in that short period.

Finance and Bioinformatics exam on wed and thurs respectively. Open book they which really kinda worries me.

Time to sleep.

I really have to thank a friend of mine. After i told him i decided not to take part in the rally action in SGX in fear of distraction to my exam preparations, he commented: " Why not? Just monitor as you study" This struck me hard, I thought opportunities dont come by, have to learn to take it and multitask than.

Got vested in Eucon immediately. Today it closed at 0.295. A very good sign indeed, price volume surge for 2 days. Two consec days in top 20 volume. Many fund managers and retail investors are really seriously looking into this counter after the business times article on thursday. After breaking the 0.28/0.285 strong resistance, hopefully it will cheong to the TP of 0.40. My horizon is 1-2 months, with cut loss point at 0.245. I will push my trailing stop once it passes 0.30.

My second paper coming up wish me luck. Somehow i feel that this year the examinations is less of a burden.
5 modules, 3 open book (1 s/u), 1 with 9 helpsheets, 1 closed. Hmm...

Cheong arh EUCON!!!

My exams are round the corner, just had my first paper today.

As you all should have known by all, the price of oil broke its historical high and stands at a whopping $73++ It will race towards $80 and pull the entire stock market with it.

PCB or printed circuit board stocks are back in the limelight. Eucon hogged the media limelight with stirling performance. More upside sighted. Many broking houses have placed a high TP. Nonetheless, I take these with a pinch of salt. Nonetheless, with the increasing demand for PCB where demand has outstriped supply, this can only spell more business for Eucon. According to the BT report, Eucon would be increasing its production capacity for PCB and Laser Drilling. This will mean good news for the rest the year. The laser drilling would be an important revenue with production capacity increasing much faster than its PCB peer. All the best to those vested.

I have just applied for the Deutsche Bank summer analyst postition, hope i hear some good news soon:)


Credits to SMT for the tip!

Looks like the only way to enjoy myself is


Malibu + Trance...


Alone enjoying these finer things in life...

Its been a while since i club...


DJ Tiesto is just godly...


Now back to reality...


A harsh one...


Alone...

It has really been a long time since i blogged. I survived the past car crashed and i have been less reckless with my driving.

Remember Semb Kimstrans? I bought that share sometime ago and i cashed out at $0.515 after a long period of consolidation. It was going nowhere then, now it now at $0.60. Their recent annoucements of divestment of their buildings freed up cash for more productive usage. There also have been M&A talks which further added to the counter's price. I was happy for Semb Kimstrans for it was the first stock which i had selected based on my own system. Everyone needs their own system, a system that they are accustomed. Do not get slaughtered in the open sea! Although i miss the party as Semb Kimstrans went up to $0.60, i am not too disappointed. I should be very happy instead!!! Partly because i was right on the fundamentals on the company. Secondly, because i had cashed out and invested in an another more amazing stock.

Aztech Systems! This is a company involved in the manufacturing of wireless products and other interesting consumer electronics. It is also another financially sound company with solid findamentals. I first spotted it around $0.210. After looking at the indicators, it was ready to fly. I tried to queue at $0.205 but was unsuccessful and it flew to $0.245. What a waste indeed! I learnt a big lesson, do not be stingy! To save that half cent only to forsake 3.5 cents. Nonetheless, i am happy for my somewhat a stock trading system is working. I entered around $0.25 after it pulled back from $0.27. Not longed it flew to $0.310 and i cashed out at $0.295 after hitting my trail stop loss. It has been a period of amazing bull run, i have to be nimble from now on in view of corrections. One thing i stand firm, i will not trade in China stocks. The recent China Milk, China Fish run ups are too tempting i must say. However, you never be sure when they will do a China Aviation Oil and China Paper. CAO is the mother of all kelong. China Paper recently had a huge selldown after a fantastic run; attributed to kelong management that cashed out. It really stifled investors confidence! Now i am eyeing a few good counters like Eucon and Jadason. They are cheap and they have good upside potential, will do more research on them before i place my bets. All the best!

Remember Nokia? I have been working fulltime! Half school half work! Whenever i am not at lectures, i will be at my Nokia Shop. Tough isnt it? Not really! You can never be happy earning more money! Closer and closer to my dream! It is coming to an end this Nokia Shop, something that i will never forget. A company to call my own!

This few months has been a blast for me. Shares and Nokia aside, i really owe some success to my friends. My few good buddies! Thank you for keeping me company almost every saturday. Thank you for having a few drinks with me. Thank you for hearing my problems and troubles. You all have been a pillar of my life! I will never feel bored going out with you all, even if it was just a simple supper session, a simple drinking session on top of jurong hill, or a simple WE9 session. I treasure all these times. It is not the stuff you do but who you do it with. Before i sound GAY, i should stop.

Of course something that is still bugging me. I think the cycle is about to start again. Every six months. Somehow this feeling is slowly creeping back to me. I managed to put it aside for a while but it is still coming back! Why? Perhaps it is a signal? A sign? There is an inertia, there is an internal brake. I cannot explain it. I can only think and savour those moments...You made me smile and still do! I know you are not reading this! Hope i can get over you soon!

A long entry. Cheers to my life! Malibu Pineapple or Tiger? (Damn, i haven club for a long time!)