Check out IPO recommendation and year-to-date scorecard here:

http://www.scribd.com/calvinchoi0
(You are strongly advised to SUBSCRIBE to the blog so that you
will get instantaneous update for the latest recommendation. I
only invest IPO based on the very latest info from the market.)
Note that this blog is just a chronological record of my IPO subscription, and therefore
it will only be updated when I subscribe to an IPO.

Newly introduced common Q&A at the bottom…

Risk Level is √ Low Risk

Newly Introduced √ Medium Risk
√ High Risk

SUMMARY
2010 Profit = $111,447 Return = 223%

Sep Profit Oct Profit Nov Profit

55,277 12,297 918
Deposit Magin First
Cod Subsc # of (10% of Cutoff Trading Profit
e Company ribe? Shares Total) ($) (noon) Day ($)
935龍翔集團 - - 17-Dec 29-Dec -
1085 亨鑫科技 - - 16-Dec 23-Dec -
1157 中聯重科 √ 40,000 77,000 15-Dec 23-Dec -
327 百富環球 X - - 10-Dec 20-Dec -
1798 大唐新能源 X - - 9-Dec 17-Dec -
1112 合生元 X - - 7-Dec 17-Dec -
958 華能新能源 Aborted - - 8-Dec 16-Dec -
3618 重慶農商行 X - - 7-Dec 16-Dec -
1282 世達 X - - 6-Dec 15-Dec -
1555 MI能源 X - - 3-Dec 14-Dec -
1887 中國新材 Aborted - - 2-Dec 13-Dec -
1728 正通 X - - 1-Dec 10-Dec -
1283 中國汽車系統Aborted - - 30-Nov 9-Dec -
468 紛美 X - - 30-Nov 9-Dec -
1768 賽得利 X - - 30-Nov 8-Dec -
1831 十方 X - - 24-Nov 3-Dec -
1090 大明國際 X - - 19-Nov 1-Dec -
2099 中國黃金 X - - 19-Nov 1-Dec -
1095 安迪蘇 Aborted - - 22-Nov 30-Nov -
1117 現代牧業 X - - 17-Nov 26-Nov -
1110 金活醫藥 X - - 16-Nov 25-Nov -
1086 好孩子 √ 200,000 99,000 15-Nov 24-Nov 843
1101 熔盛重工 X - - 10-Nov 19-Nov -
1091 中信大錳 √ 300,000 84,000 10-Nov 18-Nov (523)
312 歲寶百貨 X - - 9-Nov 17-Nov -
1087 泓淋 √ 200,000 75,000 5-Nov 16-Nov (2,768)
842 理士 √ 100,000 54,000 5-Nov 16-Nov (48)
957 長甲 Aborted - - 2-Nov 11-Nov -
1600 天倫燃氣 √ 300,000 62,000 29-Oct 10-Nov 430
238 長興 √ 150,000 70,000 26-Oct 4-Nov 2,983
1230 雅士利 X - - 22-Oct 2-Nov -
1299 友邦 X - - 20-Oct 29-Oct -
460 四環醫藥 √ 150,000 70,000 19-Oct 28-Oct 4,296
1007 環球乳業 √ 150,000 79,000 19-Oct 28-Oct 34
1700 華地國際 √ 100,000 60,000 12-Oct 21-Oct 2,579
1685 博耳電力 √ 100,000 65,000 11-Oct 20-Oct 1,797
1029 鐵江現貨 X - - 5-Oct 14-Oct -
580 賽晶電子 √ 350,000 68,000 5-Oct 13-Oct 2,478
956 新天綠色能源 √ 250,000 68,000 5-Oct 13-Oct (1,177)
975 蒙焦煤企 X - - 30-Sep 13-Oct -
2266 麗悅酒店 X - - 30-Sep 11-Oct -
1733 永暉焦煤 √ 150,000 69,000 29-Sep 11-Oct (2,703)
3683 榮豐 √ 500,000 57,000 29-Sep 11-Oct 2,043
2208 金風 X - - 29-Sep 8-Oct -
1918 融創中國 X - - 28-Sep 7-Oct -
2468 創益太陽能 √ 150,000 69,000 28-Sep 7-Oct 2,951
1021 麥達斯 X - - 24-Sep 6-Oct -
1308 海豐 X - - 23-Sep 6-Oct -
1682 福源 X - - 21-Sep 5-Oct -
926 碧生源 √ 200,000 64,000 20-Sep 29-Sep 29,342
1698 博士蛙 √ 150,000 76,000 20-Sep 29-Sep 10,030
867 康哲藥業 √ 112,000 58,000 17-Sep 28-Sep 4,884
 853 微創醫療 √ 100,000 62,000 15-Sep 24-Sep 5,641
1039 暢豐車橋 √ 150,000 67,000 15-Sep 24-Sep 1,513
1633 美即 √ 200,000 67,000 14-Sep 24-Sep 2,273
2198 三江化工 √ 200,000 69,000 7-Sep 16-Sep 1,594
1428 耀才 X - - 16-Aug 25-Aug -
2233 西部水泥 √ 450,000 77,000 12-Aug 23-Aug 7,385
640 星謙化工 √ 1000000 76,000 2-Aug 12-Aug 471
DETAILS
Sub Magin First Subscrib Deposit Allocated
scri Cutoff Trading ed (# of (10% of Busines Intere (# of IPO Sold Com Profit
Code Company be? (noon) Day Shares) Total) ($) s Nature Fee ($) st ($) shares) Price Price m ($) ($)
935 龍翔集團 Dragon Crown 17-Dec 29-Dec 航運及港務
1085 亨鑫科技 Hengxin 16-Dec 23-Dec 電訊及網路器材
1157 中聯重科 Zoomlion √ 15-Dec 23-Dec 40,000 77,000 機械裝備及器材 18.98

327 百富環球 PAX Global X 10-Dec 20-Dec 電子付款系統

1798 大唐新能源 Datang X 9-Dec 17-Dec 可再生能源
1112 合生元 Biostime X 7-Dec 17-Dec 內地嬰兒用品
958 華能新能源 Huaneng Renewables
Aborted 8-Dec 16-Dec 替代能源
X Commercial
3618 重慶農商行 Chongqing Rural 7-DecBank16-Dec 內地銀行
1282 世達 X
World Wide Touch 6-Dec 15-Dec 筆記本電腦觸控板供應
1555 MI能源 MIE X 3-Dec 14-Dec 內地民營油企
1887 中國新材 China New Materials
Aborted 2-Dec 13-Dec 塑料生產
1728 正通 X Auto
China ZhengTong 1-Dec 10-Dec 汽車經銷
1283 中國汽車系統
China Auto System
Aborted 30-Nov 9-Dec 汽車空調壓縮機生產
468 紛美 X
Greatview Aseptic 30-Nov 9-Dec 飲品包裝
1768 賽得利 Sateri X 30-Nov 8-Dec 黏膠纖維與溶解漿生產
1831 十方 Shifang X 24-Nov 3-Dec 綜合性媒體廣告
1090 大明國際 Da Ming X 19-Nov 1-Dec 金屬
2099 中國黃金 China Gold X 19-Nov 1-Dec 採礦
1095 安迪蘇 Bluestar Adisseo 22-Nov
AbortedNutrition 30-Nov 飼料添加劑生產
1117 現代牧業 CH Modern X 17-Nov 26-Nov 農畜漁產品
1110 金活醫藥 Kingworld X 16-Nov 25-Nov 進口藥品
1086 好孩子 Goodbaby √ 15-Nov 24-Nov 200,000 99,000 兒童耐用品 100 200 1,000 4.90 5.76 17 843
1101 熔盛重工 Rongsheng X 10-Nov 19-Nov 造船
1091 中信大錳 CITIC Dameng√ 10-Nov 18-Nov 300,000 84,000 採礦 100 200 9,000 2.75 2.70 73 (523)
312 歲寶百貨 Shirble X 9-Nov 17-Nov 深圳百貨
1087 泓淋 HL Technology√ 5-Nov 16-Nov 200,000 75,000 電線組件 100 200 9,000 2.80 2.50 68 (2,768)
 842 理士 Leoch √ 5-Nov 16-Nov 100,000 54,000 鉛酸電池 100 200 3,000 5.35 5.35 48 (48)
957 長甲 CJ Land Aborted 2-Nov 11-Nov 上海地產
1600 天倫燃氣 √
Tian Lun 29-Oct 10-Nov 300,000 62,000 燃氣管道 100 200 3,000 2.05 2.20 20 430
238 長興 Evergreen √ 26-Oct 4-Nov 150,000 70,000 男裝零售 100 200 2,000 4.60 6.11 37 2,983
1230 雅士利 Yashili X 22-Oct 2-Nov 奶粉生產
1299 友邦 AIA X 20-Oct 29-Oct 保險
460 四環醫藥 Sihuan √ 19-Oct 28-Oct 150,000 70,000 心腦血管藥物製造
100 200 3,000 4.60 6.05 54 4,296
1007 環球乳業 Global Dairy √ 19-Oct 28-Oct 150,000 79,000 奶粉生產 100 200 5,000 4.39 4.41 66 34
1700 華地國際 Springland √ 12-Oct 21-Oct 100,000 60,000 百貨 100 200 17,000 5.93 6.10 311 2,579
1685 博耳電力 Boer Power √ 11-Oct 20-Oct 100,000 65,000 配電系統及方案
100 200 3,000 6.38 7.00 63 1,797
1029 鐵江現貨 IRC X 5-Oct 14-Oct 俄羅斯鐵礦
580 賽晶電子 Sun. King √ 5-Oct 13-Oct 350,000 68,000 電力電子部件製造
100 200 6,000 1.93 2.35 42 2,478
956 新天綠色能源China Suntien √ 5-Oct 13-Oct 250,000 68,000 風電及天然氣100 200 10,000 2.66 2.55 77 (1,177)
X
975 蒙焦煤企 Mongolian Mining 30-Sep 13-Oct 蒙古煤企
2266 麗悅酒店 Kosmopolito X 30-Sep 11-Oct 酒店
1733 永暉焦煤 Winsway √ 29-Sep 11-Oct 150,000 69,000 煤炭生產 100 200 10,000 3.70 3.44 103 (2,703)
3683 榮豐 Great Harvest √ 29-Sep 11-Oct 500,000 57,000 航運服務供應100 200 15,000 1.13 1.27 57 2,043
2208 金風 Xinjiang X 29-Sep 8-Oct 風電技資生產
1918 融創中國 SUNAC X 28-Sep 7-Oct 地產發展
2468 創益太陽能 Trony √ 28-Sep 7-Oct 150,000 69,000 太陽能薄膜電池
100 200 3,000 4.50 5.50 50 2,951
1021 麥達斯 MIDAS X 24-Sep 6-Oct 鋁型材生產
1308 海豐 SITC X 23-Sep 6-Oct 船務及航運代理
1682 福源 Ford Glory X 21-Sep 5-Oct 服裝採購管理
926 碧生源 Besunyen √ 20-Sep 29-Sep 200,000 64,000 保健茶生產 100 200 49,000 3.12 3.73 548 29,342
1698 博士蛙 Boshiwa √ 20-Sep 29-Sep 150,000 76,000 童裝生產 100 200 4,000 4.98 7.51 90 10,030
867 康哲藥業 China Medical√ 17-Sep 28-Sep 112,000 58,000 藥品分銷 100 200 5,600 5.06 5.95 100 4,884
853 微創醫療 MicroPort √ 15-Sep 24-Sep 100,000 62,000 醫療產品 100 200 5,000 6.10 7.25 109 5,641
1039 暢豐車橋 Changfeng Axle √ 15-Sep 24-Sep 150,000 67,000 重型卡車車橋零部件
100 200 11,000 4.00 4.15 137 1,513
1633 美即 Magic √ 14-Sep 24-Sep 200,000 67,000 面膜及護膚產品
100 200 2,000 3.30 4.45 27 2,273
2198 三江化工 Sanjian √ 7-Sep 16-Sep 200,000 69,000 消費化學品製造及供應
100 200 8,000 3.38 3.59 86 1,594
1428 耀才 BrightSmart X 16-Aug 25-Aug 證券行
√
2233 西部水泥 West China Cement 12-Aug 23-Aug 450,000 77,000 水泥生產 100 200 38,000 1.69 1.89 215 7,385
640 星謙化工 Infinity √ 2-Aug 12-Aug 1,000,000 76,000 制鞋膠黏劑 100 300 4,000 0.60 0.72 9 471
TOTAL GAIN 111447
Return on Initial $50,000 Investment 223%

I believe IPO subscription is not high risk. Each IPO could be a bit
risky, but if you study well and subscribe regularly, the risk level is
medium to low risk only.
But of course, you should put majority of your investment in blue chip
stocks for the long haul. You should only allocate a small portion of
your wealth in such short term speculation.

The rules of game are:

1. About $50,000 is used for each IPO.
2. 90% margin will be leveraged.
3. Recommendation will be given before 11am before the noon deadline.
4. I normally will sell at grey market or immediately on the 1st trading day.
5. A score card will show the YTD profit.
6. If you make some money, donate 5% to your favorite charity.

Reference sites:
http://www.facebook.com/profile.php?id=670773971&v=app_2347471856&ref=profile
http://www.scribd.com/calvinchoi0
http://specials.on.cc/IPO/index.html
http://www.mpfinance.com/ipo.htm
http://news.google.com.hk/news/section?pz=1&cf=all&ned=hk&topic=b&ict=ln
http://hk.biz.yahoo.com/news/stock/
http://orientaldaily.on.cc/cnt/finance/
http://hk.apple.nextmedia.com/realtime/
http://www.hsbc.com.hk/1/2/hk/investments/ipo
http://www.finet.hk/mainsite/newscenter/
http://www.quamnet.com/traderscornerList.action?listSectionCode=TC_IPO
http://www.primesec.com.hk/rev2/big5/ipo.html
http://www.isurewin.com/realink/ipo.jsp

Common Q&A
1. What is Margin Subscription?
Say you use $10,000 for IPO investment. Margin subscription is that you borrow
$90,000 from the stock broker so that you can subscribe $100,000 IPO.

2. Is Margin Subscription risky?

Yes, it is somewhat risky. For example, like for the IPO 碧生源, if you use $64,000 to subscribe
for $640,000 IPO, you were actually being allotted $152,880 of 碧生源. It meant that you had to
put in extra $88,880 to cover it. But if you sold the IPO the next day, then of course you did not
need the extra money.
For vast majority of IPOs, such margin call will not happen since the ones that I recommend are
probably highly oversubscribed. You will only get a small allotment.
Moreover, although risk exists for each IPO, if you do it consistently and persistently over many
IPOs, the overall risk is quite low.

3. How costly is Margin Subscription?

The interest rate is really low at the moment, ranging around 1-2%. Assuming you use $60,000 to
subscribe, the interest for $540,000 for the usual 7-days subscription is about $100-$200 only.
The interest cost is cheap, but of course you should observe the risk in Q2 above.

4. What is the maximum margin I can leverage?

Many banks and stock brokers offer 90% margin financing. Some brokers like Phillip Securities
and Prudential Brokerage offer 95% margin financing.

5. What is the best time that I should sell the IPO?

It depends on your own practice and habit. I personally sell them in grey market, in at-auction or
immediately on the 1st trading day. I found that it is most pleasant for my situation.

6. What is grey market (pre-market trading) for IPOs?

The grey market is opened from 4:30 - 6:00pm of the day before the 1st trading day. I believe
Phillip Securities, Prudential Brokerage and Emperor Securities provide the service.

7. What is at-auction order for IPO?

If you place your sell order before 9:45am, your order will be matched at 9:50am against the buy
order.

8. Which is better - bank or stock broker?

It is quite easy to place your order through internet banking of bank, and the settlement is well
integrated with your bank saving account. However, if you have a familiar stock broker agent,
the experience can be very pleasant - you can place and finish an order in about 10 seconds.