Potential bullish chart pattern for First State Global Resources fund

If the chart of First State Global Resources fund is forming a reserve head-and-shoulder pattern, the price target will be S$1.3569. See chart below:

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Transaction on 21/4/2006

Bought 5000 shares of Sky China Petrol Services at S$0.585(closing price).

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Idea : Sky China Petrol Services

Buy 5000 shares of Sky China Petrol Services on 21/4/06 if price range is S$0.565-S$0.585 on volume less than 15M(20MA for volume). This is an energy play. If you are interested in political risk, visit Jim Sinclair website.



Sky China Petrol Services

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Transaction on 18/4/06

Buy 1429.74 units of Fidelity Japan fund at cost of S$5k with effective unit price of S$3.4971(2% sales charge).

Transaction on 17/4/06

Buy 4161 units of First State Global Resources fund at cost of S$5k with effective unit price of S$1.2016(2% sales charge).

Beauty contest : Japan, Korea, Thailand (Part II)

Fidelity Japan vs Fidelity Korea vs Aberdeen Thailand



TOPIX


You may ask why buy non-commodities funds when price of oil and gold is going up. According to conventional/traditional thinking, it is logical to avoid non-commodities funds now. So why buy Japan fund now? First, commodities funds are overbought now. Second, I do not tell the markets how to behave. Instead I take hints from markets. First State Global Resources fund was bought for Sample Aggressive Portfolio on 17/4/06 before price of oil and gold breaks out from US$70 and US$600 respectively. Third, having one commodities fund and one non-commodities fund is kind of market neutral strategy. Having one type of funds give the impression that I know where the markets are heading which is "foolish".

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Beauty contest : Japan, Korea, Thailand

Based on technical analysis, Fidelity Japan has the best chart for price appreciation. Currently the fund is forming handle of the potential cup-and-handle pattern. Allocate S$5k to Fidelity Japan today. Charts will be posted later.

Idea : First State Global Resources Fund

To take advantage of gold time-zone arbitraging opportunity, buy S$5k of First State Global Resources Fund if gold spot price can stay around US$604 at 2pm SGT, 17 April 2006.

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Idea : Thailand, Korea

Based on the post related to Thailand and Korea, I am ready to put money to work if one of the following conditions is met.

• Retracement of SET after the recent breakout is ended with volume lighter than average daily volume.


• Retail investors of KOSPI are selling again after shopping spree on 14/4/06.

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Sample aggressive portfolio

• S$50k is allocated to this sample portfolio. S$50k is chosen because the amount is not too small or too huge.



• Investment objective : absolute return



• General investment style is a combination of technical analysis and fundamental/macro analysis. See Globevesting for details.



• Since this is an imaginary portfolio, fees are decided arbitrarely : 2% and 1% for buying equity funds and non-equity funds respectively (no exit fees), S$30 for each stock transaction(buy or sell, regardless of transaction value).



• For portfolio tracking, closing price/NAV is used.

Collect fund prices for portfolio tracking and charting