Correction??
The ASX seems to be heading to the fourth down days in a row tomorrow. There are few factors at this moment that have the possibility of causing a correction; a combination of policy changes in the US on banking regulation, worries in Europe about the financial strength of Greece, concern that market need a rest after several months of bull run and unease about the Chinese economy (China's moves to rein in economic growth).
Things could get even tougher with the doubts over Bernanke's Re-confirmation. This doubt added to the selling pressure on Wall Street in late trading on Friday. Seems like we'll see a sell off if the US Senate decides to show Mr Bernanke the door.
From the latest news:
Jan. 24 (Bloomberg) -- President Barack Obama received assurances from Senate leaders that Ben S. Bernanke will be confirmed for a second term as Federal Reserve chairman, an administration official said.
Things could get even tougher with the doubts over Bernanke's Re-confirmation. This doubt added to the selling pressure on Wall Street in late trading on Friday. Seems like we'll see a sell off if the US Senate decides to show Mr Bernanke the door.
From the latest news:
Jan. 24 (Bloomberg) -- President Barack Obama received assurances from Senate leaders that Ben S. Bernanke will be confirmed for a second term as Federal Reserve chairman, an administration official said.
Sold half of MOL.AX
A bit of a red flood today on my screen.. Similar to yesterday, except it's a bit better (a tiny bit!)
I ended up selling half of my MOL.AX holding, just to secure small profit. Bought them sometimes in November 09 for $0.80 and sold today at $1.025.
I ended up selling half of my MOL.AX holding, just to secure small profit. Bought them sometimes in November 09 for $0.80 and sold today at $1.025.
ROC.AX or TAP.AX
I am not sure which one to choose..
I am thinking to sell some of my BPT.AX to realise some gains it made recently and plan to use the money to buy shares of another oil company.
These two companies are in my radar, but I don't know which one to choose.
OR, maybe just leave it where it was, at Beach Energy?
Post Note: I ended up buying a small parcel of ROC on Friday @$0.705/share. I still keep my BPT, and still watching TAP. TAP is still down trending, and I might buy some when it starts to show some signs of reversal.
I am thinking to sell some of my BPT.AX to realise some gains it made recently and plan to use the money to buy shares of another oil company.
These two companies are in my radar, but I don't know which one to choose.
OR, maybe just leave it where it was, at Beach Energy?
Post Note: I ended up buying a small parcel of ROC on Friday @$0.705/share. I still keep my BPT, and still watching TAP. TAP is still down trending, and I might buy some when it starts to show some signs of reversal.
ISoft Group Limited (ISF.AX)
As I mentioned in this blog yesterday, ISF.AX is one of my very few investment that still has not performed very well in the past year.
In the past year, ISOFT, formerly IBA HEalth, have been having problems that mostly inherited from the old UK's Isoft. This includes, profit warnings, debts problems, pound sterling exchange rates, the potential scrapping of NPfIT, issues with Lorenzo implementation and some other issues regarding accounting irregularities, where the former iSoft directors are accused of conspiracy to make misleading statements. What more can you ask?
Although there are quite a few positive developments recently, including restructuring of senior debt facilities, string of new contracts, and latest one was just today when UK FSA discontinued investigation, ISF share price still going nowhere.
In the past year, ISOFT, formerly IBA HEalth, have been having problems that mostly inherited from the old UK's Isoft. This includes, profit warnings, debts problems, pound sterling exchange rates, the potential scrapping of NPfIT, issues with Lorenzo implementation and some other issues regarding accounting irregularities, where the former iSoft directors are accused of conspiracy to make misleading statements. What more can you ask?
Although there are quite a few positive developments recently, including restructuring of senior debt facilities, string of new contracts, and latest one was just today when UK FSA discontinued investigation, ISF share price still going nowhere.
Share trading resources on the Net
A few days ago, a friend of mine asked me about online resources for investing or share trading.
He is considering to start share trading but does not know where to start. I thought I'll post my reply in this blog as well:
There are so many resources on Stock trading in the internet. Some of them need subscription (fees), but there are also many free ones. Note: I am investing on the ASX (Australian)and I am opted for the free resources.
THEORY:
He is considering to start share trading but does not know where to start. I thought I'll post my reply in this blog as well:
There are so many resources on Stock trading in the internet. Some of them need subscription (fees), but there are also many free ones. Note: I am investing on the ASX (Australian)and I am opted for the free resources.
THEORY:
- For general theory, I usually refer to: www.investopedia.com
- For technical theory, there are many choices as well.
- I like http://www.
informedtrades.com/trades.php? page=freetradingcourses - Informed Trades also has many video resources on youtube. What you need to do is search for it on youtube with keyword: Technical Analysis.
NEWS:
- For news, I like CNBC and Bloomberg, occasionally I am going to kitcometals. CNBC and Bloomberg also have live TV and Videos. I am checking pre-market data on CNBC frequently.
- For regional news, I read 'The Australian' and the Australian Financial Review.
ANALYSIS:
- For technical analysis, I use Yahoo finance as I am not relying heavily on technical.
- For fundamental analysis, I am using data from my online trading broker platform.
BOOKS:
- I read these books : I think they are good for beginners: The Intelligent Investors, by Benjamin Graham, Trading for a Living, by Dr Alexander Elder, and also few other investment books about Warren Buffet investment style.
STOCK FORUM and NEWSLETTER:
- I found joining Stock Forum is useful. This is the place where we can interact with other traders or investors, exchanging informations, thoughts, issues, and rumors. Sometimes there's also a chance to learn. I join www.hotcopper.com. One thing to be aware of, though, that you can not just follow what other people say or suggest in the forum. There are many people with different agendas in the forum, and most probably has nothing to do or intent to help you in your trades. You really have to DO YOUR OWN RESEARCH!!
- I subscribe to a few free investing/stock newsletter.. But in my opinion, this kind of newsletter is only serve as to 'broad our mind'.
Start the New Year with a New Hope
Farewell 2009!
I have to say I had a good time with my investment in 2009. I bought a reasonable amount of shares in between December 2008- April 2009, and they are doing really well. I managed to cover my loss in 2007/8 Global Financial Crisis, and actually start to make profit again, which is a good thing.
2010, first five days was good!
Commodities and oil prices are recovering well, and for me (who invested mostly in mining and energy company) these are translated as good gains. I am sitting on a nice profit for BPT.AX; AWE; IDL; AIO; AWC; MGX, PNA, MOL, and even REX (which is an airline co)
From my current holding, it's only ISF.AX and ROC.AX who haven't perform well.
If I to learn something from the past GFC, is that I have to set aside emotion in investing. Yes, I know the rule, and it seems easy to follow. BUT in reality, it is NOT!! It need a strict self disciplines and control, and it certainly need a lot of practice!
I have to say I had a good time with my investment in 2009. I bought a reasonable amount of shares in between December 2008- April 2009, and they are doing really well. I managed to cover my loss in 2007/8 Global Financial Crisis, and actually start to make profit again, which is a good thing.
2010, first five days was good!
Commodities and oil prices are recovering well, and for me (who invested mostly in mining and energy company) these are translated as good gains. I am sitting on a nice profit for BPT.AX; AWE; IDL; AIO; AWC; MGX, PNA, MOL, and even REX (which is an airline co)
From my current holding, it's only ISF.AX and ROC.AX who haven't perform well.
If I to learn something from the past GFC, is that I have to set aside emotion in investing. Yes, I know the rule, and it seems easy to follow. BUT in reality, it is NOT!! It need a strict self disciplines and control, and it certainly need a lot of practice!
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