Stock Market Trading

We Have Moved.

2010-10-23T17:19:00.001+08:00

Dear readers, I have finally registered a domain dedicated to my stock trading blog. The new blog name will be The Stock Trading Advisor and the new web address is www.thestocktradingadvisor.com. Please edit all your bookmarks to reflect this change. I'm going to be a little bit more professional in the new website, apart from the usual stock trading tips, I have added a trading result page for

NYSE : Las Vegas Sands

2010-10-20T16:51:00.000+08:00

Las Vegas Sands LVS has always been one of the best gaming stock for me. They have divested out of the Vegas Strip and have now captured the second largest market share in Macau, behind only SJM Holdings. On top of that, I believe the Marina Bay Sands in Singapore is destine to do very well. This is exactly the reason why I'm taking an unusual risk yesterday. As many of you would probably have

Bloody SingNet and a Few Updates

2010-10-18T17:15:00.000+08:00

Damn SingNet connection has been giving me big problems recently. Lost my internet connection back at home and apparently SingNet couldn't find out what's the problem. I'll only be able to update on our portfolio once they got it resolved. Meanwhile, it seems like we have been pretty lucky for the past week. If you have been following my trades, we would have taken profit on MGM Resorts

NYSE : Quiksilver Inc

2010-10-11T04:37:00.000+08:00

Quiksilver Inc Quiksilver Inc is an apparel company that designs, produces and distributes clothing, accessories and related products for young-minded people. One of my favourite brands around for all my beach wears. The company stock has taken some beating from the recent high in late April, dropping from US$6.09 to as low as US$3.37. The company is in the black and announced EBITDA of

NYSE : MGM Resorts International Reaching Target Price

2010-10-11T04:21:00.000+08:00

MGM Resort International Wow wow what a day Friday was! The gaming stocks rallied yet again. This time round coming from the good news of the Nevada revenue growth. Naturally, MGM with their number of businesses in the Las Vegas Strip had the best response to it, rallying to close at US$12.67. The after market trading push this stock further up to US$13.56! I've got to be honest here though,

Risk Reduction Action

2010-10-07T01:20:00.000+08:00

A quick summary of things, this morning Hang Seng Index has touched 23,000 points. Such a whole number is usually a strong resistance level and true enough the index ended slightly lower at 22,880 points today. Dow Jones Industrial has also almost touched the 11,000 strong resistance mark. As written in my previous post on indices I think the market might be due for some retracement. Of course

NYSE : Iron Mountain Inc

2010-10-06T14:20:00.000+08:00

Iron Mountain Inc Iron Mountain Inc is one of Warren Buffett's favourite stock recently. The Berkshire Hathaway has over few occasions acquired a big amount of the company stocks. Yesterday was a bad day for Buffett, Berkshire as well as Iron Mountain. The stock drop a whole 10% before pulling back slightly to close at a drop of 8.6%. This come amidst news of the company's 2011 forecast

Market Update and MGM

2010-09-28T17:49:00.000+08:00

We're at the point of time now which I feel the market has probably gone up a little too much and is due for a slight retracement. Let's take a close look at both the Dow Jones Industrial and Hang Seng Index to have a better feel of things to come. Dow Jones Industrial Index The US market has completed a spectacular September month, rallying from approximately 10,000 points to the current

NYSE : MGM Resort International Inc

2010-09-22T06:36:00.000+08:00

NYSE : MGM Resort International Inc It's a real pity we cut stop MGM the last round when it drop. As I said before, I'm very bullish about the gaming industry and it is for all to see that LVS, SJM and Genting went up alot in the recent months. MGM is one of the most heavily shorted counters in NYSE. Although MGM's performance is nowhere near the rest, I strongly believe it's at a very

NASDAQ : Rick's Cabaret International

2010-09-21T06:58:00.000+08:00

Rick's Cabaret International (RICK) Rick's Cabaret International is a company that operates upscale gentlemen's clubs and restaurants. They have been making some decent profits at the first half of the year. The 3Q result was just released and it's a little disappointing. For the 3Q, the company made just approx $850,000 or $0.09 per share. This is actually less than half of the profits from a

SGX : Genting Hong Kong Limited

2010-09-18T17:33:00.000+08:00

Was chatting with an old time friend today about some of the counters he's been looking at. Thing is, he's more into long term investing while I'm more into short-term trading. Anyhow, it's always nice to be able to learn more about any good counters. The past 1-2 weeks have been the weeks for Genting Hong Kong Limited. The share price have rocketed from $0.31 to $0.51 and volume have been at an

Recap and Pointers for the upcoming week(s)

2010-09-17T12:21:00.000+08:00

It's been a while since anything worth blogging is happening in the market. I've some points to note down for recap and a brief outlook on next week. Some time around the 3rd week of August, there were some little concerns about the market doing a double dip. I actually wrote a point about the US market probably not going to drop by too much. You may read about the analysis here. The US market

I Signed up for SocialSpark!

2010-08-29T00:22:00.000+08:00

This is a Sponsored Post written by me on behalf of IZEA. All opinions are 100% mine. I was looking for ways to monetized my blog and only recently signed up for SocialSpark. Similar to many other marketing network sites, SocialSpark is a company that enable bloggers to connect with advertisers through their portal. The first impression I get was that it was user-friendly and fun. The bright

NYSE : MGM Resort International Inc

2010-08-27T18:39:00.000+08:00

With regards to my MGM Resort International post earlier, yesterday night it seems MGM have dropped to our cut loss target price. You may have sold of your MGM yesterday night near market close at $9.14. Unfortunately this was one trade which didn't turn out good. I'm still keen in looking to enter this counter at another better entry point. As of now, Dow Jones Industrial has closed below the

US Jobless claims drop 31,000 to 473,000

2010-08-26T22:18:00.000+08:00

The number of people filing first-time claims for unemployment benefits fell for the first time in four weeks, down 31,000 to 473,000, the Labor Department reported Thursday. Despite the decline claims are still at an elevated level that reflects the weakened state of the U.S economy. First-time filings for the latest week are higher by 4% compared to the start of 2010 and by nearly 11% since

SGX : Neptune Orient Lines (NOL)

2010-08-25T06:28:00.001+08:00

Neptune Orient Lines Ltd (NOL) The latest operational update on 16 August 2010 showed that NOL container shipping volume (FEU) for Period 7 (26 June 2010 - 23 July 2010) increased 18% comparing to same period in 2009. There is actually a decrease in volume gap. The initial periods for 2010 had a larger shipping volume increase when compared to the initial periods of 2009. Perhaps this is a sign

D-Day for the Market

2010-08-25T06:09:00.000+08:00

What a day. The global market tanked today to the trendlines support levels which I mentioned in the previous post on major indices. Tomorrow will seem like a crucial day. Should the trendlines fail to hold, we'll need to cut losses of the previous positions we took and prepare for the worse. A quick recap: Hang Seng Index Closed at 20,659. I actually wrote support level at about 20,750 so

Signs of Uncertainties Ahead

2010-08-23T03:46:00.000+08:00

The recent spate of stellar earning reports, coupled with the faltering US economy (worsening job situation), has resulted in investors having a very mix idea of the market direction. Fears of a double-dip recession seems to be at a high and may have a negative effect of the upcoming week. I'm looking at some of the major indices for some preparation for next week: Dow Jones IndustrialLooking at

SGX : Ezra

2010-08-18T02:19:00.003+08:00

Ezra Ezra has been one of the few oil and gas company that I've like monitoring. Judging from their 3rd quarter financial statement, they seem to be pretty stable. I'm also giving them extra points for having JVs with Keppel Corp. The share have taken some beating in the past few months dropping from about $2.50 to the current level of around $1.80. Base on the chart, it seems like a decent time

SGX : Genting Singapore PLC

2010-08-17T04:30:00.003+08:00

Genting Singapore PLCGenting has recently just posted their strong quarter result. Their share price has skyrocketed in the past 2 days. Congratulations for anyone who have bought them before!I've created this post because many of the people around me are starting to notice Genting now. Seriously now?!? It's too late, the stock has rocketed way beyond my initial target of $1.49. Question is, will

NYSE : MGM Resort International Inc

2010-08-17T03:46:00.002+08:00

MGM Resorts International Inc MGM Resorts International Inc has just recently posted their second quarter results which was bad. The company lost $883 million, or $2 a share. However, this was due mainly to various charges, which if removed, the company would have lost just 35 cents a share. This information was published from MarketWatch. Base on this, I felt that the company's share is still