NoticeBoard

Here's daily updates on SGX Warriors...

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It hasn’t been a smooth sailing period for us. Indeed, we suffered from the uncertainties and have yet to fully recover from the drawdown.

Life is not a bed of roses. Everyone has barriers and obstacles, and indeed, the journey of investment is full of hurdles. Nonetheless, we take setbacks in our stride…

“Real optimism is aware of problems but recognizes solutions,; knows about difficulties but believes they can be overcome; see the negatives, but accentuates the positives; is exposed to the worst but expects the best; has reason to complain, but chooses to smile.” - Quoted from William Arthur Ward

1st September 2009

By sgxwarriors

No Focus This Morning… Still observing which sector will perform first.

Morning Highlights

Market is recovering from yesterday’s sell down. A support is seen at 2602.63 and a short term resistance at 2618.99.

One New Trade Opened at Quick Pick 16..

Quick Picks: Here is a quick pick screen that we have designed to pick out potential stocks, both Bullish and Bearish. These are measured with emphasis on larger changes in price and volume. <The Quick Picks referred herein contain overnight positions from Yesterday>

Bullish Stocks (Singapore)

	Symbol	Name	Entry	SL	TSL	TP	Remarks
1	BIOS	Biosensors International Group Ltd	0.615	0.56	0.565	0.67	Overnight – Current Price at 0.59
2	LIBH	Lian Beng Group Ltd	0.355	0.32		0.39
3	DMXT	DMX Technologies Group Ltd	0.34	0.305		0.375
4	~~CXLX~~	~~China XLX-Fertiliser Ltd~~	~~0.565~~	~~0.455~~	~~0.525~~	~~0.675~~	LOSS – CLOSED at 0.54
5	~~YAZG~~	~~Yangzijiang Shipbuilding~~	~~1.04~~	~~0.93~~	~~0.98~~	~~1.15~~	LOSS – CLOSED at 0.995
6	ECSH	~~ECS Holdings Ltd~~	~~0.49~~	~~0.445~~	~~0.48~~	~~0.535~~	Took Half Profit at 0.51 CLOSED position at 0.505
7	SFLD	Stamford Land Corp Ltd	0.405	0.38		0.43
8	CHOF	CH Offshore	0.615	0.52		0.71
9	CNFG	China Fishery Group Ltd	1.4	1.29		1.51
10	SINW	Sinwa Ltd	0.345	0.31		0.38
11	ROTE	~~Rotary Engineering Ltd~~	~~1.29~~	~~1.19~~	~~1.22~~	~~1.39~~	LOSS – CLOSED at 1.25
12	SIAT	Singapore Airport Terminal Services Ltd	2.73	2.50		2.96
13	EZHL	Ezion Holdings	0.84	0.79		0.89
14	HIPI	Hi-P International Ltd	0.77	0.68		0.86
15	SINO	Sinomem Technology Ltd	0.61	0.56		0.66
16	~~TION~~	~~Tiong Woon Corp Holding Ltd~~	~~0.745~~	~~0.695~~		~~0.795~~	PROFIT – CLOSED at 0.765

Stock Prices last updated at 17.12 (Singapore Time)

Afternoon Highlights

We have exited most of our positions this afternoon due to market sudden turndown. As the charts no longer display a nice pattern, we decided to exit earlier to stay out of the volatile market at the present moment.

As mentioned yesterday, Please practice cautious trading for these few days. Avoid adding on to existing positions!!

In Summary

The resistance at 2618.99 has been tested quite a few times and failed. On the other hand, the support at 2602.63 has been broken down decisively... This indicates that the buying momentum might be lost... hence, we advise to stay on the side line for now.