Shifting all Technical analysis to new web page

As I would like to separate my TA from all the other financial stuff, I have set up another web page solely dedicated to analyzing and predicting stock market movements.

The link is : http://thepowertotrade.blogspot.com/

Condominum up for rent

Hi to all, have a condominium at lakeside for rent. ( For more info click on the picture on the right )

I have decided to offering $1000 to anyone who can successfully recommend a tenant for 12months. And $2000 if the tenant stays for 2 years. =)

Standard Chartered e$saver ( Updated 1st Dec 2008)

Deposit Balance	New interest rates from 4 August 2008
Less than S$50,000	0.50% p.a.
S$50,000 to S$199,999	0.88% p.a.
S$200,000 & above	1.00% p.a.

No catch! Its a good 'normal savings account'

Advantage

• Good interest rate!
• No lock in period, you can withdraw the money any time you want
• For below $50,000 its better than Maybank's Isavvy
  

Disadvantage

• No bank book, everything is done online
• Cannot draw money over the counter, but if you want they will charge $5
  
• Maximum internet bank transfer of $10,000 per day. But i guess this is a lot for most people
• For above $50,000 Maybank's Isavvy is better
  

More information can be found at : http://www.standardchartered.com.sg/


Promotion ( Till 31 Dec 2008 )


For more info : http://www.standardchartered.com.sg/deposits/esaver_bonus_interest/index.html

Week review of stock picks

In general, my stock picks outperformed the market by 9.53% for this week.

However, this is not truly the way I would trade, as i realized that my trading decisions do vary daily, as the charts changes. Hence I would not have held on to all the stocks for the whole week, and most probably would have taken profit at sometime in the week and stayed out out of the market, because I was uncertain.

I decided to set up another blog, www.ThePowerToTrade.blogspot.com . This is because I would like to keep the present www.ntuchartist.blogspot.com as a blog solely for good deals and financial stuff. And the other blog solely for stock picks and simulation for paper trading.

Have a good week end to all!

Idea for making a quick buck! (using the Manhattan Platinum Card)

The Standard Charted Manhattan Platinum offers quite a lot of perks such as

1. Credit limit of up to 4X monthly salary
2. 0% interest free purchase for up to 24mth from participating merchants
3. Interest rate that can drop down to 12% a year compared to 24% of others
4. Cash rebates that varies according to how much you use a month. Up to 5% for $3000 spending a month, ( capped at $300 a quarter)
   

We shall make use of the last perk to our advantage.

Basic idea:
We are to buy and sell something and pocket the 5%. And this 'thing' has to be very liquid and will depreciate very little in that short span.

One possible plan ( using the stock market) :

1. Buy 6 lot of share at $1 each (which is the selling price) each=> pay $6000
   
2. Immediately sell it into the buying price, which is lower, say $0.99. Hence you get back $5940.
3. Including transaction charges ( around $70) and loss due to step 1 and 2, you would have lost $70 + ( $6000-$5940) = $130
4. However due to the rebate of 5% of $6000, you get back $300.
5. Hence total profit is $300-$130= $170
   

The problem that I foresee is whether your stock broker is willing to take the immediate payment of the stock after step one using your credit card, not sure about it.

Any comments/ideas ..feel free to email me at ntuchartist@hotmail.com

Daily Review of stock pick

( click on picture to maximize)

Despite the drop in today's market.. the overall stock picks is still better than the market. However, I would have sold all the stocks yesterday, because I would rather not trader on a bad STI day, as it might affect all the other stocks.

Looking at the charts again, I would think
Ezra still has upside ( around 0.85 )
Ho Bee, uncertain, would not trade
IndoAgri, don't look good, will not trade
Rotary, if it trades above 0.29 tmr, can consider
SinoTechFib, a little more uspide, ( around 0.23 )


*Disclaimer : What ever appears on the blog is for your own reference only. It is not an investment/trading advice. It is always best to consult your personal financial adviser before parting with your money.

This is how rumours spread =)

*Taken from a fellow reader