no longer using charts ??? don't tell me you got access to
the banks' order books ???
I buy based how I view the business prospects, etc.
My recent purchases and their reasons:
1) First REIT at 0.665 by buying the rights at 0.165. Quite a
brainless BUY because overseas investors were not eligible, and
were forced to sell.
2) CapMallAsia at 1.86. Ah Gong stock, plus below IPO price of
$2.12 with a 1ct dividend given.
3) Silverlake at 0.33. Bank financial software stock, with 5%
dividend yield. Banking sector is recovering very well, and
possibly expanding in the near future. Main clients include UOB and
OCBC. Recently secured CIMB contract as well.
The charts didnt really look very well for CMA, but it is not my
main decision factor anymore. In fact, I bought CMA and First REIT
without looking at any charts.
