JAYA / ASTI

Initiated buy call on JAYA at $0.735. Last year july my buy call coincide with a 50% rally in two weeks. Well, that happened due to market over-reaction on some terrible news and there were quick profits in taking advantage of temporary mispricing of the stock.

This round, the bull market is now 1.5 years old. In the primary bull phase solid stocks aka bluechips would have already been pushed up in price. I suspect to fund managers, for next bull phase there is lesser upside in those index stocks compared to laggard pennies which have either not moved much, or had been on retracement past one year.

JAYA is one such laggard compared to other shipping bluechips.


ASTI looks interesting too. Can smell its potentially ripe..

HSI / NOL

Some chart updates.. Last weekend HSI gave a clear setup to long.


My student and friend bot NOL $2 and he had patience to hold for few months. Now he's reaping the rewards with last traded price $2.30.


Updated 7th Nov:
STI is fast approaching the danger zone 3300 I highlighted earlier. Pretty soon market would tell us if the bull is dead or still alive. When bluechips start weakening and there's rotation to pennies then we know market is still healthy. Otherwise it suggests the prelude to a major bear market. My bias is still to bull side since jul.

TA Course

Going to conduct a one-day class end of the month. Venue at training centre opposite Kembangan mrt. A student who attended my june course made $30k till now - "Seriously I think u shld charge more, why? Because your follow up/taking care of student is no horse run."