Singapore Market Update

Some updates on the local market :

The first screenshot is a post dated on 13August on my facebook on some of the highlighted stocks then. No surprise that innovalue did so well for the last few week. Share price has rise close to 50% since my post on 13August. Other noteworthy stock will include QAF which also have some significant gains since last month.
Ausgroup did pretty okay since the post but had since fallen. Yoma andCSE only moved sideway since then...

Covering this 3 stocks today....

1stly, Breadtalk ...the magnetic level of $1.30...seems to be a very strong support..do put this breadtalk counter in your watchlist. Share price has seen ran up from $1.30..do watchout if retrace..otherwise..nothing to see..buying their bread everyday.

2ndly, Excelpoint : For a long time my friend was highlighting to me its gd fundamentals. I think dividend was close to 10% last year. However, share price has since pick up. Similar to MFS tech, innovalue...and many more who has a strong run up ...a counter to watch after some prices retracement. Today's bar shows some upthrust and short term bearishness...

3rdly, QingMei : 1 of the most punted counter in the beginning of 2013. Look how much the share price has fallen now...if you are new to trading or to the stock market, do avoid stocks with no fundamentals. A common mistake new and eager clients made in their early days of stock market is they do not practice risk management. I have client who had huge positions where he bought at 6-7 cents and still holding onto it.

These group of client often have this entrenched beliefs in them that " Since they have already picked up the contract, nvm loh, see how loh." It is not that they are wrong, but you can't afford to be wrong...‪#‎RiskManagement‬

Lastly, for those subscribers to the marketinout.com, do drop me a PM @ sgwyckoffvsa@gmail.com and I could teach you some tricks on the scan list if you want to. Cheers

Breadtalk

 Excelpt

Qingmei