Have MIA for sometime, cos didnt have much trade. Feel that its about time to update my trades.
Today's trades:
China Taisan: bought @0.195cents. Came down from 24cents high recently. think it drop down too fast too furious. Hope to ride the rebound wave. looking at 21cents - 22cents to sell.
Queue for tml:
Sell:
China Taisan: queue to sell from 21cents.
Buy:
China Environment: 24cents. Ding Dong up and down within 24.5cents to 27cents for the past few weeks. Should have quite a good support at 24cents unless a big correction takes place.
Dapai: 17.5cents-18cents. The recent plunge is due to the profit warning given by the company. Company see a significant drop in profit in the coming FR as its luggage sales is adversely affected due to supplier shortage of workers, hence cannot meet the demand required by the retail shops. Its still risky to buy as its hard to predict how badly is it being affected by the supplier issue. But will nimble a bit if it continues to drop. should have some rebound, even if it continues to drop thereafter. (sounds crazy huh, lol)
Random thoughts for the market:
STI have hit 3200 recently, which is my lower bracket prediction range(3200-3300) for this wave of rally. At this point of time, the chances of having a correction is higher and higher as STI is breaking new highs. Hence I have to be very nimble in the trade, and even get ready to cut lose when necessary. We have seen this wave up to 3200 are benefiting mostly the blue chips. Base on previous experience, we might still have one more penny rally before this bull run come to an end. Even though still habour this hope, I am only now less than 50% invested. Will only play with the counters I am familiar with at this point of time. Hence, the recent Taisan will be only a short term play.
That's all for now.
May all HUAT!
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