Rowsley -updated 6 mar
In my last post 4 weeks ago( click here ) , I advised in this blog that the STi has hit a ceiling fan at 3310 and may move sideways between 3260 and 3310 while selected small caps and pennies will take the opportunity to rally riding on the QE continuation & dow tailwinds to 14250 ... I also gave some price targets for some stocks , namely Ezion and Genting that are about to rally.
Note these were forward predictions with specific levels given to the public for the weeks ahead ,& not a highly private prediction shared with public only after the event happens in my favor ..
Well , true to form , for the whole of the last 4 weeks , as if the market heard & heeded us, it did exactly as predicted ...as the dow rallies inexorably higher towards our 14250 tgt , sgx blue chips went sideways , the STI got stuck in the miraculously narrow ( 50 pts or < 2% ) trading range between 3310 and 3260 that we specified in the last post while selected pennies and small caps ran like crazy.. well, so much for prescience and precision
I also said in the last post it was a good time to buy Genting on weakness ( at 1.54 with tgt 1.61 ) and Ezion ( at 1.77 with tgt 2.04 ) and both marched inexorably to their targets before suffering a severe down reaction( see Ezion & Genting charts below )..
again , so much for prescience and precision
As for pennies, many pennies ran ..almost every other penny one touches in chatroom goes on fire , question is when to enter and when & wat price to exit ?
Activities in the past 4 weeks :
so in the past 4 weeks at the sgxswingers club we were too busy playing the pennies & wrts , just before the breakout ( see examples below where catching moves of > 10-30% within 1 day are common ) .. and not bothering about blue chips which being part of the STi had hit the ceiling fan ..and not bothering much about blogging either ...
In this super rally of the pennies , it is quite easy to make calls on pennies that will rally almost immediately once u made them.. if only you know how( click here) ..well, in our sgxswingers club, some of our students were making them as a matter of routine. ( see some good penny calls below ) .
At the same time , we reminded the club members to get out when each penny nears its peak( given by price targets issued to the club days before or when it peaks - like Contel , Ezion , Oceanus , Annica etc see below )
We also told our members to prepare their shorts when the critical time comes ( see below advice to the sgxswingers club chatroom to short the day after Bernanke's expected dovish speech on tues nite feb 26 which happens to be the peak for many pennies for this particular run )
one more thing we also played Gold, prepping GLD for a fall to 152 and played the rebound as well to 156 towards bernanke speech ( see below advice given to one student who played GLD - the Gold ETF )
Below -- Examples where we catch moves of > 10-30% within 24 hrs of contra play are common :
Below are examples where we reminded the club members to get out when pennies near their peaks( given by price targets issued to the club days before or when it peaks - like WE holdings, Contel , Ezion , Oceanus etc
also we told our members to prepare their big shorts when the critical time comes ( see below advice to the sgxswingers club to short the day after Bernanke's dovish speech on tues nite feb 26 which happens to be the peak of many pennies ):
See below our prescient calls for Gold ETF- GLD:
those interested to find out more feel free to register( email to
bille33333@gmail.com subject title :" sgxswinger course preview dated 15 mar 2013 fri " , inside the email , pse provide "name" , "hp no." ,"email", "bringing friends along? y/n " , " no of years trading ", " instruments traded : stocks, indexes , futures, forex, options , wrts etc", " trading courses you've attended" ) to come for fri 15 mar 2013 preview 1930 hrs at Burlington square ( next to simlim square, 400m from bugis mrt -click here for map & directions) , 175 bencoolen street S(189649) level 5 function room at residential tower , not office tower .. .. lots of trading secrets to be shared , no obligations to sign up : next course slated for weekend on xx 1100hrs-1700 hrs... the course fee is $2688 . those who sign up early gets a very big early bird discount. check here for course / preview dates
3 comments:
Hi
May I ask you,is this penny rally going to end soon?
Thanks
victor
Given how sharply some pennies fell today, do you still think that rowsley will hit 55/58 and 68/71?
Hi Michael,
i think i might have made a a mistake on rowsley , short term tgt could be 53 and not 55-58 as previously thought..
now 50 -50.5 still got chance to get out alive , i hope...
best
bill
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