Short update and a stock to watch out for

Recently I have not been posting in this blog
and also at the Mentor Group side, as I am quite
busy with my property agent's duty and task.
One of the task that many property agent did
when they were still pretty new bird, is to
cold call to get transaction leads. Frankly, right
until now, I have using my centre(circle) of influence
to get leads and I did close some deals out of
the warm leads. Nevertheless I was assigned to
call cold for a project and to get sales/purchase/rental
leads, and I did that for the last few days.
Sad to report, the result was not to my expectation.
I have met a few of the blog readers and the Mentor
Group members before, and they found out or realised
for themselves that I write much better than I speak.
Sales talk is not my forte but I can tell you what I know
and only deliver the facts and figures for the client to
make their decision.

Guess what, I outsource the cold calling to a lady
telemarketer as it is really not my strength. I remembered
that I read somewhere that, not the exact words,
if you improve on your weaknesses, you will get better,
but if you enhance and make full use of your strength,
you will get great result. I believe it is quite true.
You know what the telemarketer said about my conversation
with her? She said that the words and the way that
I write is too "stern". I told her that I am quite a frank and
straight-forward person and I believe that my client
will appreciate this too. Don't expect fanciful or beautiful
services from you but you can expect sincere and frank
views and opinion of what is really happening.

In this blog and the Mentor Group, I usually don't mince
my words when I am talking about the market view or
on a particular stocks. I just tell the readers what is my
own personal views and the rest is up to the readers
to take action or just let my words gone with the winds.
A few readers also told me that I write too harsh sometimes
but too bad, this is me. 

Ok, I am going to mention one stock that I have been
observing and done a read up. I believe that this stock
is the new QT Vascular as QT had since fallen from the
peak and lost the support of the grace. The stock is the
recent IPO Starburst, which had been bursting up since
its debut. The IPO was well-received and the placement
was also in "strong" hands. If you don't know what
happened, go read up SGX announcement. I don't intend
to feed you today. I believe that the readers will be asking
me whether they can still buy it now and how high can
the stock burst up to? I am not going to stick out my
neck and head this time. I also scare that they will burst.
Haha, joking aside, looking at its price action, as long as
it is above the 50cts mark it got the potential and fuel
to propel up higher. Take note that this is not a contra
recommendation and should be taken with a short-mid
term view.

The 2-3 weeks magic strikes on POSH again

On 16th June, I wrote in this blog,
"Why am I mentioning about Pacific Radiance today? It is because the stock that I am going to recommend will perform exactly like Pacific Radiance. That stock is POSH, U6C, PACC Offshore Services  Holdings. Looking at the chart and its fundamental, I am quite confident that it will deliver what I expect of the stock. It is still hanging very near to its IPO price of 1.15 which I believe is a fantastic price to buy if you never get it from it from the public subscription. When I recommended Pacific Radiance, it was at 96cts, quite near to its IPO price of 90cts. Now  POSH is even closer to its IPO price. What is the potential upside that I am looking at?  I believe a 20-30% upside is not a too-tall order."

After I wrote about POSH, the stock went below the 
IPO price of 1.15 but I continue to tell readers to grab
the stock at low. The lowest that the readers can get
over the last 2 trading weeks was $1.135 and I wonder
how many readers did take action. POSH moved
up 2 days, or about 2-3 trading weeks after I wrote about
the stock. Today, POSH continue to go higher and as
of wring now, it is trading at $1.17 with a day-high
of 1.175 coupled with a healthy trading volume. 
The stock is looking good with 2 trading gaps over
the last couple of trading days. If you enter the
stock at a low, then you are sitting with a decent
paper profits now.

For the readers who don't know what the 2-3 weeks
magic is all about, this was what i wrote on 25th June,
"Some people asked me a very interesting question
which I also find me strangely amusing. Somehow,
the stocks that I recommended will not move the
following days, but will start to gain momentum and
speed up after like 1-2 weeks. This "strange" occurence
happened to Pacific Radiance, Fraser Centrepoint
and more recently Metro. I have no scientific explanation
for this happening but I am glad that the readers have
ample time to make the decision and to take action.
If a stock move immediately after I wrote, then the
readers may not be fully prepared and will likely
miss the boat. But as usual, there will be people who
will hope that they have more time to finally decided
and take the action. For them, I have to say that I have
no control over when and how the stock will move."
 

A check on Fraser Centrepoint & Starburst IPO & Metro

I have been quite busy over the last couple of
days so I have been updating at this blog.
This morning, Fraser Centrepoint fell below the
important $1.80 mark. This was the range that
I mentioned a few months ago, $1.80-2.
The offer for Australand is on-going and the
Fraser Hospitality Trust IPO is also on the
way and it will debut next week. But I choose
to believe in the price action and I can only
hope that it is a one-day event and it will be
back to the $1.8x very soon. For the time
being, I am still pretty bullish on the stock
and I believe it is just a temporary "set-back".

Ok, I will touch on Starburst IPO which will be
closing at noon today. This is the first IPO that
has public tranche since QT and I will just
apply and punt it if I manage to be lucky to be
getting some lots from the miserable 2 million shares
available. 

Oh ya, Metro is trading with CD (cum-dividend)
now and it will be giving a wonderful 6cts dividend
out to the shareholder. That should support the
current stock price well. Read up in SGX Announcement
of the AGM/EGM date and the dividend book
closure date and distribution day.

Stock Lobang Mentor Group update

Ok, I have sent out the welcome email to those applied
and got selected into the Mentor Group. I believe that
for some of the members, the welcome email may landed
in the spam folder. Please check your email spam folder
and list my email as non-spam so that you will receive
future emails in the inbox folder. Read through the email
and contact me if you have any questions.
If you applied and never receive any welcome email,
then send me an email stating so. No cheater please.
Oh ya, when you did receive the email, please give me
a reply so that I know I am not sending to cyber "space".

The application period is now closed so no more emails
about the Mentor Group will be entertained. You have
to wait for the next application period which seriously
I don't know when.

Fraser Centrepoint news

Ok, the news about Fraser Centrepoint acquiring
Australand is out, and you can read the full detail
at SGX .  To me, it is a very good news as the
company will be stronger with more overseas
assets and the stock will likely be revalued
in the 1 month period of the offer to the Australand
shareholders. I will take this opportunity to pick
up more stocks if there is any weakness seen.

Next, for the Mentor Group members and for the
readers that had sent in the application, please
look out for an email send to you latest by tonight.
Thank you so much for the support.

Some observations to share

Ok, you can call me Kiasu and Kiasi, but I have
been dealing with Mr Market for so long that I
am quite confident that I know the temper and
habit of the market. The following are what I
observed over the last 2 days and I would like
to share with the readers. It is my responsibility
to inform but I will allow the readers to decide
and the determine their cause of actions.

On 24th June, that is 2 days ago, a normal Tuesday
trading day, did you notice that the Top Volume
are swarmed with micro penny stocks? Up till the
20th position, then I see a slightly "expensive" stock
in Golden Agri, which is a regular in the Top Volume.
Then United Envirotech, QT and RH, Genting follows
behind. If you have been reading this blog for some
time, you will know that I am not a micro penny stock
lover and I very very seldom touch them. Even when
the readers asked me about a micro penny stock,
I will tell them frankly that I don't look at the mentioned
stock.

Then yesterday, the Top Volume 23 positions are
occupied by the micro penny stocks and until 24th
position then I see Noble in the list. Only 4 stocks are
higher than 50cts in the Top Volume.
Truthfully, I don't like what I see in the Top Volume
right now as I did mention in previous posting that
the micro penny stocks are usually the last to move
up in a market rally but they can be the first to
crash out too. I don't know whether the readers are
also dealing with these micro penny stocks but you
got to be really careful when you are dealing with them.
There are good money to be made from them as
their movement can be very drastic and thus provide
huge potential gains. But I believe I am not suitable
for such gungho stuff and I will stick with my more
"expensive" stocks.

For the time being, please practice caution and be
vigilant to the market condition. It may not turn out
to be as bad as what I expected, but you need to
be prepared. Those stocks that I mentioned in the
blog recently are not for Contra and are more
suitable with a short-mid term horizon. Do take note.

Fraser Centrepoint short review

On the 10th June blog post, I wrote,
"Next, I don't know whether the readers did
notice that Fraser Centrepoint is now "coincidentally"
trading within my target price of $1.80-2 range
If you miss catching the stock near the 1.80 mark
I am sure that there will be another chance to grab
it near the mark, but you got to take action."
Indeed, for the next 9 trading days, the readers had
chance to buy Fraser Centrepoint for the first time
and for some, to buy again at near the 1.80 mark.
I believe that the average price for the readers who
bought recently will be around the 1.81 level as the
stock hover around this price range. Fraser is now
trading at 1.86 as of writing now, and the readers
should be sitting on a good paper profits now for
those who took action. I believe that the downside
risk is very low for Fraser and the upside potential
is huge. I don't want to give a clear target now but
the $2 mark that I stated in April can be and will
be cleared in the short-mid term in my opinion.
For those "I Should Have", I rest my case.

Some people asked me a very interesting question
which I also find me strangely amusing. Somehow,
the stocks that I recommended will not move the
following days, but will start to gain momentum and
speed up after like 1-2 weeks. This "strange" occurence
happened to Pacific Radiance, Fraser Centrepoint
and more recently Metro. I have no scientific explanation
for this happening but I am glad that the readers have
ample time to make the decision and to take action.
If a stock move immediately after I wrote, then the
readers may not be fully prepared and will likely
miss the boat. But as usual, there will be people who
will hope that they have more time to finally decided
and take the action. For them, I have to say that I have
no control over when and how the stock will move.

Lastly, some readers told me that the stocks that
I recommended are "Expensive". Why did I always
recommend those stock near or above the $1 mark
and why not those "Cheaper" stock?
I shoot back at the readers and ask them that if I
recommend a 50cts stock, will they then will buy?
As usual, I have those, "I will consider", "I may buy".
It is back to square one again. In my view, there is
no expensive or cheap stock, as long as the stock
will go up after I buy. And if you consider those
>$1 stock as expensive, then you are missing out
on a lot of great opportunities. But for the benefit
of those readers that really like to buy only penny
stocks, I will seek to uncover some hidden gems
among the "cheaper" stocks in the coming posts.