Dow tanks....my put warrants will probably reward my caution in these heady days

Bought put warrants on DBS expiring in September this year at 3.5c, which also happens to be the low for the year.

I actually queued to buy UOB put warrants as well but the order didn't get filled.


This particular DBS put warrant has been netting me timely returns as follows:


Bought 20 @ 10c in December, sold @ 10.5c(contra)

Bought 28 @ 5.5c in February, sold @ 7c in March

Bought 18 @ 5 c in March, sold @ 5.5c in March(contra)

Bought 18 @ 5c in April, sold @ 6c in April(contra)


Bought 33 @ 3.5c in May,(to be completed)

Yesterday also, Equation ceased to be my lucky stock as I sold some I had bought @ 18c last week for 17c.

However, I netted a 4.8% return on Delong and a 3.4% return on Datacraft also.

Time to scoop up undervalued technology stocks?

Technology stocks have generally been languishing in narrow ranges since the last 'tech' correction in 2004. I remember considering buying Venture stock in Sept '04 at S$15.40 because it looked cheap after the correction from over S$20 earlier in the year.After over 30 months, it is still more-or-less trading(less rather than more) at around the same S$15-16 range.


In the US, stocks like Cisco,eBay and Yahoo fit the same description, while Microsoft, Intel and a host of other tech plays have been base-building since 2002!

I believe the base-building pattern has to be followed by a sharp move up or down, and in this current uber-bullish environment, I would place my bets on a move up rather than down.

Today, I sold my Fischer Tech for a paltry 3.7% gain; though I would love to hold on to the stock, my eyes are fixed on too many pies.

Acma today rewarded me with an 18% surge since my entry into the stock last week, while I paid for my Popular and TSH purchases last week.

Medtecs turned out to be a crap position, the classic chasing the stock error.

Today, I had a hunch about Equation and so entered a small position at 18c(I could have entered at 17.5c if I had acted more expeditiously on my hunch).

One of the stocks in the tech group I'm currently eyeing is Fu Yu:






























As can be seen from the charts above, Fu Yu's stock price is lying on a long-term trend support, and valuations are dredging rock-bottom.

Other stocks in this category which have ever more compelling charts are New Toyo, Surface Mount and Meiban, among many others.

The only ones I own currently are Memory Devices.