Archive for March, 2010

Stock Picks Update – March 2010

March 31st, 2010

It’s another end of the month. It’s time for an update of our stock picks for 2010. For those who don’t know, we participate in Canadian bloggers stock picks competition. Each participant has to choose 4 stocks in equal amount of dollars. We are not allowed to change our picks for the duration of 2010.

Here are the return of our stock picks year to date:

  • ASIA: –13.04%
  • CAGC: +77.89%
  • ITC: +5.59%
  • PEGA: +8.82%
  • Average return: +19.82%

For comparison, here are the return of popular benchmark, S&P 500 and Nasdaq 100.

  • S&P 500: +4.87%
  • Nasdaq 100: +5.68%

PS: You can follow the performance of our stock picks live on this page; and the live result of the competition on this page. Alternatively, you can click the links at the top of the page.

Trading Journal: Long $HMIN at $32.51

March 22nd, 2010

HMIN

This morning, we opened a new long position on HMIN (Hotel Inns & Hotels Management Inc.) We’ve been watching this stock for quite a while; and just pulled our trigger this morning. Based on technical analysis, the stock seems to break short-term downtrend last week. It rebounds nicely from 61.8% retracement based on its closing price. If we look at the intraday price, it successfully rebounds from strong support in mid-October.

Just for Fun – Open a Banana Like a Monkey

March 21st, 2010

It’s Sunday… it means it’s time for “Just for Fun”. Every Sunday, we publish a posting not related to finance or investment.

How do you normally peel a banana? We just learned a trick to open a banana like a monkey from this video.

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