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Hey Blackstreams, thanks.
TAT -Interesting enough, there was no massive sell down even after they reported the loss for FY2009; but that's to be expected for any new explorations. Certainly, one will have to wait for them to strike it big in Turkey before they rocket.......i am looking for them to become at least $5bn capitalisation in the longer term, not too much to ask is it?
LVS - The restrictions on gaming tables will bode well for the existing guys there. I wasnt as fortunate to have entered LVS at your levels, came in at about $10, let it go at about $18 then in/out to play on its volatilty, many heart stopping moments. Finally settled down at about $17 and holding. As for MPEL, it is undervalued, biggest risk of course is that Land of Dreams is the ONE egg in the basket.......but then again, its home to 1.3bn Chinese, how can one go wrong? hahah
JOEZ = If you heard the charts analysis at
www.thestreet.com ("trades for the little guy"), they've been trapped in the zone from $1.75 to $3.60 for like nearly a decade, so the previous high of $3.60 is to be tested again soon. If it breaks convincingly then the uptrend will continue, failing which it should re-test $1.75-$2. I got in on the high side at $2.98 having thought the sell down (down $0.47 in a day) was the bottom........missed $2.65 bottom instead..ugh. If any small consolation, Crossman came across as candid in the Q&A; either that i am damn gullible and so its liar liar pants on fire.
SNAK = One of those small cap sites, cant remember which (InvestorPlace, Motley Fool, Zacks and god knows how many more); the surge came about only in the last 3 days, was trading in the $2.70-$2.90 range for about 1 month before this gap up.
Pharmaceuticals - Sometimes its just a real stab in the dark whether the drugs will survive the acid test of FDA; do or die. Not for the faint hearted.
Like i said, still plenty of 10-baggers to be found in the whole haystack; just need to spend lots of time to sieve through the mess..........Will continue to pore through the lot; other prospects include XIN, CEU.
Cheers!
Caveat Emptor.
Blackstreams posted:
Many thanks on the recommendations mate. Did some preliminary reading up on your tips and here are some thoughts.
TAT- Absolutely love what I see, although the 2 Apr results were not too encouraging and the stock has risen 7% since the 12 Apr announcement about the resource exploration agreement with TPAO. That said, it's been range trading and I expect a breakout only when the remaining Selmo oilfields come online by the end of the year. Malone is an experienced pro and as u said, Soros owns stock. I prefer TAT to KOG. I'll definitely go in at some point.
LVS - My favourite and I've been playing it since it was at $3.5. Pondering whether to load up some more if it hits its $20 support. Personally, I prefer the Macao story compared to pure gaming in the US. More growth and less competition (I believe u're aware Macao has capped the number of gaming tables recently and that means new competitiors are goign to find it hard to enter). Hence my investments in MPEL and LVS.
JOEZ- I'm a bit uneasy on the expansion by the company into non-denim products, despite the pletora of stars who are regular customers and endorse it. That is because it is out of Crossman's forte and he acknowledges it. That said, this is a gamble and when it shifts its production abroad, the overheads will reduce and this should be able to break beyond the strong $3.2 resistance. I'll only go in if it drops below $2 again. Hope u got it at a good price.
SNAK - Another solid recommendation. However, it's gone up too much due to the recent bullishness on retail stocks and I'll go in only when there's a pullback. Damn! This is such a quiet stock I'm impressed u managed to find it.
I'll pore through the respective balance sheets over the weekend. Cheers.
Just to check, how did u manage to buy the prudential preferred shares? You using an overseas broker? I was yearning to buy in to the LVS preferred shares but my broker said that his firm, DMG, does not have an avenue to purchase it.
jm2212 ( Date: 16-Apr-2010 10:23) Posted:
hi, most of my portfolio is still in SG, currently holding only financial counters (citi, bac, ubs and some prudential pref shares) and tech stocks (yahoo, seagate, wd). not considering to pump more into the market for the next 1-2 month. cheers and good luck in your investment.
blackstreams ( Date: 16-Apr-2010 00:14) Posted:
In my opinion, the US and S'pore markets are too overbought right now - priced for perfection and all that. I'm waiting for the expected 30-40% pullback and going into Citi for my second tranche (I buy n sell in three tranches).
Which other US stocks are u looking at? I'm holding shares in Citi, LVS (sands), Melcro Crown. Been freeing up cash from SGX to go in some more. Currently monitoring (Leisure) Host Hotels (HST) entry target $12, Sunstone (SHO) entry $9; (Retail) Hot Topic (HOTT) entry $7; (Bulk Shipping) Gen Maritime (GMR) entry $7.
I've probably lost HST as it's gone up to $15+ since we last spoke about it when it was $13. Your BAC is on a roll at the moment.
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Many thanks on the recommendations mate. Did some preliminary reading up on your tips and here are some thoughts.
TAT- Absolutely love what I see, although the 2 Apr results were not too encouraging and the stock has risen 7% since the 12 Apr announcement about the resource exploration agreement with TPAO. That said, it's been range trading and I expect a breakout only when the remaining Selmo oilfields come online by the end of the year. Malone is an experienced pro and as u said, Soros owns stock. I prefer TAT to KOG. I'll definitely go in at some point.
LVS - My favourite and I've been playing it since it was at $3.5. Pondering whether to load up some more if it hits its $20 support. Personally, I prefer the Macao story compared to pure gaming in the US. More growth and less competition (I believe u're aware Macao has capped the number of gaming tables recently and that means new competitiors are goign to find it hard to enter). Hence my investments in MPEL and LVS.
JOEZ- I'm a bit uneasy on the expansion by the company into non-denim products, despite the pletora of stars who are regular customers and endorse it. That is because it is out of Crossman's forte and he acknowledges it. That said, this is a gamble and when it shifts its production abroad, the overheads will reduce and this should be able to break beyond the strong $3.2 resistance. I'll only go in if it drops below $2 again. Hope u got it at a good price.
SNAK - Another solid recommendation. However, it's gone up too much due to the recent bullishness on retail stocks and I'll go in only when there's a pullback. Damn! This is such a quiet stock I'm impressed u managed to find it.
I'll pore through the respective balance sheets over the weekend. Cheers.
jchong71 ( Date: 16-Apr-2010 10:07) Posted:
Absolutely agree on both markets being overbought, plus the coming "Sell in May, Go Away" effect coupled with World Cup Soccer in June, the markets will likely be dead as the graveyards.
On another note however, there are some small cap gems which are still good plays/not overpriced in the US markets and with potential, my preference/homework done at any rate:
Oil & Gas plays = TAT (owners with deep pockets and endorsement from Soros), KOG (good oil n gas play in USA)
Gaming = FLL (good profits/cash flows/strong balance sheet), LVS (like it or not, once Sheldon passes this crisis, it will rocket to the moon)
Retail = JOEZ (good profits/cash flows/strong balance sheet)
Food/makan= SNAK (good profits/cash flows/strong balance sheet)
Pharma = AEN, ARIA, RNN
Vested in LVS/SNAK/JOEZ/ARIA/TAT, intend to channel from SG into KOG/FLL
Caveat emptor applies. Please do your homework.
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hi, most of my portfolio is still in SG, currently holding only financial counters (citi, bac, ubs and some prudential pref shares) and tech stocks (yahoo, seagate, wd). not considering to pump more into the market for the next 1-2 month. cheers and good luck in your investment.
blackstreams ( Date: 16-Apr-2010 00:14) Posted:
In my opinion, the US and S'pore markets are too overbought right now - priced for perfection and all that. I'm waiting for the expected 30-40% pullback and going into Citi for my second tranche (I buy n sell in three tranches).
Which other US stocks are u looking at? I'm holding shares in Citi, LVS (sands), Melcro Crown. Been freeing up cash from SGX to go in some more. Currently monitoring (Leisure) Host Hotels (HST) entry target $12, Sunstone (SHO) entry $9; (Retail) Hot Topic (HOTT) entry $7; (Bulk Shipping) Gen Maritime (GMR) entry $7.
I've probably lost HST as it's gone up to $15+ since we last spoke about it when it was $13. Your BAC is on a roll at the moment.
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Absolutely agree on both markets being overbought, plus the coming "Sell in May, Go Away" effect coupled with World Cup Soccer in June, the markets will likely be dead as the graveyards.
On another note however, there are some small cap gems which are still good plays/not overpriced in the US markets and with potential, my preference/homework done at any rate:
Oil & Gas plays = TAT (owners with deep pockets and endorsement from Soros), KOG (good oil n gas play in USA)
Gaming = FLL (good profits/cash flows/strong balance sheet), LVS (like it or not, once Sheldon passes this crisis, it will rocket to the moon)
Retail = JOEZ (good profits/cash flows/strong balance sheet)
Food/makan= SNAK (good profits/cash flows/strong balance sheet)
Pharma = AEN, ARIA, RNN
Vested in LVS/SNAK/JOEZ/ARIA/TAT, intend to channel from SG into KOG/FLL
Caveat emptor applies. Please do your homework.
In my opinion, the US and S'pore markets are too overbought right now - priced for perfection and all that. I'm waiting for the expected 30-40% pullback and going into Citi for my second tranche (I buy n sell in three tranches).
Which other US stocks are u looking at? I'm holding shares in Citi, LVS (sands), Melcro Crown. Been freeing up cash from SGX to go in some more. Currently monitoring (Leisure) Host Hotels (HST) entry target $12, Sunstone (SHO) entry $9; (Retail) Hot Topic (HOTT) entry $7; (Bulk Shipping) Gen Maritime (GMR) entry $7.
I've probably lost HST as it's gone up to $15+ since we last spoke about it when it was $13. Your BAC is on a roll at the moment.
soften a bit, 5.01 now. so long it stays above 5, i'm happy and believe more fund will pour in. Cheers!!
my other banking stocks are recovering well too.
jm2212. US$5.06 and counting. :)
For local dividends, they're tax free, unless you're a director within the company or something. The US Govt levies a 30% tax on all dividends leaving the states so you wont get what was declared
jm2212 ( Date: 14-Apr-2010 23:47) Posted:
| by the way, do you have withholding tax issue for the dividen so far? |
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by the way, do you have withholding tax issue for the dividen so far?
Touch wood but I don't think $5 is a problem. The number of short sellers have recently dropped dramatically. Predictions for the stock go as high as $12 in 2012. Dividends are also forecasted to rise by the end of the year. That's an opportunity to treble my money in 1-2 years and they're paying me to wait. Cheers.
jm2212 ( Date: 14-Apr-2010 23:20) Posted:
| citi has a good run tonight again, let see if it can keep up the momentum till next week's result announcement (1 year high was about $5.4) |
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citi has a good run tonight again, let see if it can keep up the momentum till next week's result announcement (1 year high was about $5.4)
looks like the selling from the gov is well absorbed by the market, good sign.... hope to see $5 very soon
Our 政府人 very the smart, only holding 4%.....after angmo sell off, may be we will hold ZERO.......LOL!
pharoah88 ( Date: 30-Mar-2010 13:44) Posted:
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WASHINGTON
The United States government yesterday (29 March 2010) announced it would divest its 27-per-cent stake in Citigroup this year, in what would be one of the largest stock sell-offs in history.
The US Treasury said it intended “to fully dispose of its approximately 7.7 billion shares of Citigroup common stock over the course of 2010 subject to market conditions”.
Those shares are worth around US$33.4 billion ($45.8 billion) at the prevailing market price of US$4.34 apiece, giving the US government an unrealised profit of about US$8.4 billion.
The US Treasury acquired its stake in Citigroup as part of the US$700 billion Troubled Asset Relief Program (Tarp). The New York-based bank received US$45 billion from Tarp in late 2008 as withering confidence in Western banks almost triggered a run on deposits in the US.
Last September, the US Treasury converted US$25 billion of the bailout funds into common shares at a price of US$3.25 each. In December, Citigroup repaid the remaining US$20 billion, and the Treasury agreed to hold off selling the common shares for 90 days.
That lockup expired on March 16, 2010.
The Government of Singapore Investment Corp (GIC) has a stake of about 4 per cent in Citigroup. It has booked a gain of about US$1.6 billion and is sitting on another US$1.6 billion in unrealised profiton its January 2008 investment of US$6.9 billion. — |
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WASHINGTON
The United States government yesterday (29 March 2010) announced it would divest its 27-per-cent stake in Citigroup this year, in what would be one of the largest stock sell-offs in history.
The US Treasury said it intended “to fully dispose of its approximately 7.7 billion shares of Citigroup common stock over the course of 2010 subject to market conditions”.
Those shares are worth around US$33.4 billion ($45.8 billion) at the prevailing market price of US$4.34 apiece, giving the US government an unrealised profit of about US$8.4 billion.
The US Treasury acquired its stake in Citigroup as part of the US$700 billion Troubled Asset Relief Program (Tarp). The New York-based bank received US$45 billion from Tarp in late 2008 as withering confidence in Western banks almost triggered a run on deposits in the US.
Last September, the US Treasury converted US$25 billion of the bailout funds into common shares at a price of US$3.25 each. In December, Citigroup repaid the remaining US$20 billion, and the Treasury agreed to hold off selling the common shares for 90 days.
That lockup expired on March 16, 2010.
The Government of Singapore Investment Corp (GIC) has a stake of about 4 per cent in Citigroup. It has booked a gain of about US$1.6 billion and is sitting on another US$1.6 billion in unrealised profiton its January 2008 investment of US$6.9 billion.
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What is citiBank PRiCE nOw?
iS iT pOssible tO STRiKE US$4.10 in One Month?
jm2212 ( Date: 17-Mar-2010 14:44) Posted:
just rec'd this from the bank on citi ELN, anyone who is keen to pick up citi can take a look.
CCY: SGD QUANTO ( if stock price below strike on fixing. SGD à USD à Citigroup shares )
SPOT LIMIT: US$4.10
STRIKE: 95% = US$3.8950
Tenor 1month
YIELD - 20%pa |
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just rec'd this from the bank on citi ELN, anyone who is keen to pick up citi can take a look.
CCY: SGD QUANTO ( if stock price below strike on fixing. SGD à USD à Citigroup shares )
SPOT LIMIT: US$4.10
STRIKE: 95% = US$3.8950
Tenor 1month
YIELD - 20%pa
US3.20 will be BEST DEAL
blackstreams ( Date: 13-Mar-2010 17:15) Posted:
Wasn't profit taking my friend. The bounce to 4.22 was caused by short covering - citi is one of the heaviest shortest stocks around. Vikram's positive comments about the profitabilitiy of C caused a lot of shorters to lose money. No change to outlook or strategy necessary. Wait for Govt to divulge how they intend to dispose of their 27% stake. I'm hoping to load up at around 3.2 - 3.4. Thinking of eating bread for one month to load up on bullets heh. Cheers.
jm2212 ( Date: 12-Mar-2010 22:43) Posted:
| profit taking and is dropping fast, down $.15 already (3.5%) |
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noted. most of my us$ already stucked, if will to invest, it wont be much. good luck to you!!
blackstreams ( Date: 14-Mar-2010 18:14) Posted:
jm2212. You might wish to take a serious look at Sunstone Hotels (SHO), some very strong insider buying recently. It's looking even better than HST. You'll have to do your homework tho. Cheers
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