Recent Posts - My Stocks Investing

Singapore Stocks with High PE Ratio to Short!!

Post author:Marubozu
Post published:August 5, 2011

The selling off is bloody.. the US GDP and Job Data are lousy!

China last PMI shows China’s economy is contracting.

Debts in Europe and US are still not solved yet…. only prolong the pain …

For those who know how to short in the bearish market, they will make a lot of money if they know how to short. I am searching for stocks with high PE ratio to short because it has more downside potential (YES! I use downside “potential” now instead of downside risk”). Feel free to contribute your shorting list here…

My Shorting Watchlist

Singapore Exchange (SGX): PE = 25.8 @$7.13
Straits Asia Resources (SAR) PE = 26.4 @$2.64
Hyflux PE = 18.3 @ $1.885
Q&M Dental PE = 55.3 @$0.81
Wilmar PE = 21.1 @$5.62
CapitaMall PE = 21.6 @$1.83
DBS PE = 20.9 @$14.54
Genting Singapore Rolling PE = 29.5 @$1.79
Goodpack PE = 19.1 @$1.815

Straits Asia Resources (SAR): Sayonara Uptrend?

Post author:Marubozu
Post published:August 3, 2011

SAR has reached the top and looks like reversing the uptrend and also break the usually reliable 20D and 50D MA support.

Immediate support is $2.89, breaking this support may send SAR to $2.65 which is the 61.8% Fibonacci Retracement Level and also the 200D MA.
Immediate resistance is $3.00 which is the psychological resistance and also the 20D/50D MA.

Singapore Exchange (SGX): Up or Down?

Post author:Marubozu
Post published:August 3, 2011

SGX is trading on the down trend but also forming a Symmetrical Triangle.

Immediate Support is between $7.20 to $7.30.
Immediate Resistance is about $7.40 (20D MA and 50D MA) followed by $7.50 which is also the triangle resistance.
200D MA is trending down.
PE is 26.6 (3 years high) at the price of $7.35.

My view on SGX: Downside risk is higher than upside potential (capped at long term down trend resistances – the green line and 200D MA).