Paper Trade of SuntecReit

Simple breaking of support with heavy volume.

Shorting SuntecReit on market opening of Monday, 15th September 2008.
Filled at $1.31

Covering SuntecReit on market opening of Tuesday, 16th September 2008.
Filled at $1.24

Percentage profit with commission at 5%.

SuntecReit on 12th September 2008

Paper Trade of SembMar

First profit target at around $3.3 has been achieved to my surprise within such a short period of time due to the sudden plunge of the Dow Jones Industrial Average along with the Straits Times Index. Inverted hammer with a extremely unusual long wick formed that tested $3.3 as a resistance level. I will be covering the short if it breaches $3.3 again.
Saw 10% profit went up in smoke. Should have took profit knowing that the steep plunge was unsustainable.

Shorting SembMar on market opening of Thursday, 4th September 2008.
Filled at $3.51

Covering SembMar on market opening of Thursday, 8th September 2008
Filled at $3.49

Percentage profit with commission at 0.2%.


SembMar on 8th September 2008



SembMar on 5th September 2008


SembMar on 3rd September 2008

Paper Trade of City Developments

Bear Flag spotted for Capitaland but it broke out too far from the resistance cum support line. Shorting City Developments instead due to breakout of the right-angled ascending broadening formation.

Shorting City Dev on market opening of Tuesday, 19th August 2008.
Filled at $9.97
Covering City Dev on market opening of Wednesday, 27th August 2008.
Filled at $10.04
Percentage loss with commission at 1%.

Got whipsawed for the 3rd consecutive time. I was not at home yesterday so I din manage to update my covering back of the short this morning. It is getting harder and harder to trade. It is to my surprise that I got whipsawed on City Dev when the other property counters such as Kepland and Capitaland continues to head south.

City Dev on 26th August 2008


City Dev on 18th August 2008

Paper Trade of Noble

Taking a another go again due to Noble forming a head and shoulders formation.
Got whipsaw again. This time, it is a huge whipsaw and unexpected things do happen. Should be looking at a loss of at least 5%. The main reason for this huge loss is because of the release of results for this quarter by Noble. Perhaps one should not take position before important dates such as this.

Shorting Noble on market opening of Friday, 8th August 2008.
Filled at $1.88
Covering Noble back on market opening of Friday, 15th August 2008
Filled at $2.10
Percentage Loss with Commission at -12.0%


Noble on 15th August 2008


Noble on 8th August 2008

Paper trade of NOL

Shorting NOL on the market opening of Tuesday, 5th August 2008
Filled at $2.63.
Covering back on market opening of Thursday, 7th August 2008
Filled at $2.64.
Percentage Loss with commission at -0.68%

Got whipsawed. The feeling of being whipsawed is horrendous. Especially, when NOL tanks immediately after opening.

NOL on 7th August 2008



NOL on 5th August 2008