The chart I was scrutinising shortly after I added CEPCO into my stock portfolio in 2013

It seemed to be bottoming at that time.

Turns out that it wasn't yet the bottom until M$ 1.38 was registered during the August panic of 2015, but I wasn't far off, all things considered!

Subsequently in 2013, the company announced a 11c dividend and I bumped my stake up to 9,000 shares and then 11,300 shares by August 2014, averaging M$ 1.798 inclusive of commissions.

Although I had to wait three long years to reap the fruits of my foresight, the dividends paid at the beginning of 2014 compensated me for the waiting period, during which my 'paper loss' peaked at M$4,465 at the stock's low in August 2015.

Sale of E & O in Oct '15 :

Purchase & SALE of IOI Properties in 2014:

It looks like 1998 all over again, if you believe the market will follow the CLSA Fengshui Index for 2016

One of my treasured charts that helped me shop for bargain basement stocks in 1998.

I'll risk ridicule & call for a raging BULL MARKET till Feb 8th 2016 at least...

Main reason - Such relentless declines since the beginning of the year have almost always been followed by a huge snapback rally, for example, in crisis year 1998 when Singapore's Straits Times Index fell from 1,530 to 1,050 in first 9 trading sessions of the year then rebounded back to 1,700 by late Feb.


Subsidiary reasons :

- Remaining shareholders will be reluctant to dump at these recessed prices ( witness the low volume currently) even if they foresee something HORRIBLE later in the year. They would prefer to sell on intermittent rallies, which they will engineer to some extent, to the uninformed public.

- Oil, the main protagonist in the worldwide asset (ex bonds, yen & dollar) declines seems to have formed a multi-month bottom at $27, mainly due to the 'crowded trade' effect. A good foundation has thus been laid for a temporary bottom in stocks.

- Dow, Nasdaq and S&P 500 indices have formed a temporary double bottom(Aug-Jan).


- Ultra-bearish sentiments currently have accurately indicated a temporary bottom in the past.


- Russia's stock index forges higher this morning    ( by 1.61%) at the time of posting despite crude oil's 2-3% drop back below the $31 level currently.

The wild gyrations of the Russian stockmarket, hitting a low of just under 610 points, during a manic week when crude oil hit a nadir of about $27 Thursday, before rebounding to over $31 by Friday.

                         
Alcoa's top  of just under $48 in July 2007. Oh, how the mighty have fallen...

How will CEPCO handle the worldwide stockmarket selloff of the past week?

I started accumulating CEPCO shares shortly after generating this chart at the beginning of 2013. Now they make up over four percent of my entire portfolio + cash by mark-to-market value.

Just as the stock appears to wake from a long slumber since then ( they are up +7.1% in 2016 thus far ), world stockmarkets get mauled further by the 2016 bear.

Last Friday, the shares touched a 4 year high of M$ 2.02 on bullish volume of 107,100 shares, the most active day in over six months.

Monday's price action will determine whether I can take some profit after almost 3 years, but as you can see from the price history since listing, the shares are not particularly expensive.

Actually, with the benefits to the bottomline from a strong US$, they are not expensive at all!

                Cepco's first day on the publicly-traded markets in January 1992.

                                 Extract from Cepco's Annual Report last year.

Crazy Institution of Mental Health  patient-hater stalking me on an online forum. HaH!