Investments update

Haven't been updating so far as I have been extremely busy with work.

So what's new....as writing now, DOW is 11,640 up 100 points after reporting houses plunge by 7.6 % and foreclosure surge 55 %.... this is also 2 days after the FED's decision to close naked shorting period is over. DOW was actually down 10800+ 3/4 weeks ago with various news that a banks Freddic/Fannie/ Merill Lynch are going kaput
....so a suckers rally so far up 800 points....

My portfolio is up about 2 % ( it was up 13% highest in end May when Celestial hit 93-94 cents)...
Most of my profits is coming from my shorts
Trades so far
- 6 lots City Development from 11.6 - 10.5..... within 1 month
- 7 SIM SCI from 390 to 370.....left it to early.... mistake....should hold till blood in the street...no blood yet what for cover ?
- 10 contracts 356 to 353..... SIM SCI rebounded for 2 days from a low of 346 and I went it ....also mistake... after going down for so long and FED made the move, should wait for 1 week+ at least as it went to a high of 363...... here emotions have been affecting me as it has been sliding 3-4 weeks...
- shorted 20 lots Captialand 5.73 to 4.98 and covered.... Capitaland has more meat than City Development....CD is more astute having cleared most of their properties and less agreesive at the top.... their land bank is relatively cheap as seen in Lividia in Pasir Ris which was got really cheap in 1999 I think 200-300 psf only.
- 10 contracts from 357 to 347...... 1 mistake is that I should cover probably in the early morning if I expect a National Day/Olympic rally on Friday... here DOW was closing down 3 days and the it went down 200 points the day before..... If SIM SCI contracts is down a good portion in the early morning (at 8:45 it was trading around 343 down from 347), I should just cover
- now SIM SCI is 344 and STI has not been participating in the latest rally, so more meat is in the US market.... my current shorting is 7 S&P mini at 1300.45
- went it for a speculative play buying SGX from 7.45, cut loss at 7.05.... was expecting oil to drop....but oil did not drop till 1-2 weeks later, and the US market more important news were the bankruptcy of the banks. I was actually deliberating between SIA and SGX. I expected SGX to be more shorted, thereby more short fuel rally....this is being greedy....next time, take the safer and more direct theme related bet.... I would have earned at least 10 K and not lost 10 K if I were to employ this....knock my head..better learn

Stock portfolio wise
Celestial 51 % price now 72 cents
China Milk 13 % price now 69 cents
SMRT 3% price now 1.84 (my 2nd best gainer from 1.71....regretting did not add up)
Pokka 3 % price no 65 cents ( up 70% still in the process of a General Take over by its parent)
Maqurie Infrastructure 1%
Darco 0.6 %
S&P 7 contracts short 1300.25

Celestial reported 2nd quarter earnining...will update some of the business development.... I think it is doing rather well considering its revenue was affected by the Chengdu earthquake which affected its most profitable drink business... its profit is up 11% YoY.
I think it is an excellent business with PE around 5.8 FY 0708 and 4.7 FY 0809, which can grow sustainably with stable growth 10-20% next few years. Sentiment is quite bad now, but I am confident Mr. Market will rerate this excellent business with excellent business management.
I think I can get a 2-4 bagger in 2-4 years time. Lets see.

Neck pain

Haven't been feeling too good lately..... after sleeping on my kid's stuff toy, my neck which was unsupported became rather painful.
After that I went for a Kenko massage, and cutting my hair in Malaysia, I also had a short massage. This time, the pain got worse.....
I also continued to carry my baby kid, and the camel back broke when I carried my kid quite a far distance from the carpark to a restaurant in Alawad/Arab Street.

I went to my clinic downstairs ( on a saturday morning) and the Dr. prescribed some medicine. During the medication, the pain was numbed.... when the medicine effect wore off, the pain came back.

(This was 4 days later Thursday evening) I then visited Eu Yan Sang clinic for a Chinese therapy hoping it will help... this made matters worse.... I underwent acupunture around the lower back and head...and under some electric stimulating under some warm lamp...this did not help....the Physician then tried to turn my head a few times....this really made my head worse.....
Nevermind....She gave me some medicine to take...(in powder form)....since I tried it ( and it cost S$90+ including the acupunture)..... lets see the whether there is any help

4-5 days later by Monday, the pain was quite bad... (from a sitting/lying position to a standing/siting position, there is acute pain at the right neck all the way to my head)... I went to my corporate clinic for a referral. The doctor seems quite sceptical (maybe it is the same with all corporate doctors)... and gave me some medicine..... as what happened previously once the medicine was taken, the pain was numbed...once the medicine wore off, the pain came back.....that was around Thursday.
I wanted to see the doctor again on Friday, but the stupid policy means no doctor in the afternoon......

I went back the following Monday, and the refer me to the orthopedic for referral... and they gave me a date 1 week later on Tuesday.
This time, I think I will visit the private doctor which my Mother-in-law is visiting this Saturday...
Suffering for 4 weeks is no joke....I just want to get well soon...have been missing a lot of fun with my boy lately, and my poor wife has to take care of him and carry the heavy stuff....

My lesson now is once you have a slight neck pain,
- never go for a massage
- never carry heavy things more than 2 kg... no laptop...no carrying of kid
- never walk more than 100 metres if possible
(today I was actually feeling better in the morning, but the afternoon there was a stupid all hands meeting which I had to walk all the way to 168, and sit in a very uncomfortable position for 1 and a half hours repeating what has already been known)