Music is stopping soon or has already stopped...

Amidst the euphoria about DJIA reaching 5 year highs, STI breaking new high, many many other counters reaching new highs, I must admit that I am one of the very few bloggers having a rather pessimistic outlook of the market for the month to come. 

I believe that the music is stopping, or have already came to a stop (just that the average Joe may not be aware).

Many counters have reached new highs and have retreated from the high. Counters like Ezion, China Minzhong, Ausgroup, Cosco, NOL etc...

There are still some residual bullish counters but they are mostly penny counters (with news), but even these counters have also reached new highs and retreated from there...

I have disposed many of my long positions and shall enjoy the show (mostly from the sidelines). I may even initiate some short positions soon...

Invest/Trade with care.

As usual, disclaimer applies...

Overseas Education IPO and Happy Chinese New Year!

OMG.. I got allocated shares for this IPO.

This post was actually not meant to be, as I never expected myself to be successful in balloting for this IPO given the small public float.

This was pretty unexpected due to a very small float and high subscription due to overall bullish market sentiment. Hmmm, looking back, my last IPO was IHH (about half a year ago), which is quite a long long time back.

Should I sell away my IPO shares tomorrow when it opens, or should I keep it longer or perhaps forever? Honestly, I have not made up my mind but I am currently leaning towards selling them off tomorrow looking at the performance of recent new listings, like Halcyon Agri and Logistics. (both IPOs are trading below their first trading day prices)

By the way, I understand that Mapletree will be having a Reit IPO sometime this month or next month, I will be looking forward to testing my luck then. :)


Ok... back to studies and preparing for CNY...

Happy Chinese New Year to all readers in advance! :)

HUAT AH!!! :)

Merry Christmas and Happy New Year

Merry Christmas and a happy new year to all my readers! =)