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| Friday, June 08, 2007 |
| Brief Roundup for thursday |
Its Friday now, and due to Dow drop, it might drop today, but I will do a little roundup for yesterdays holding.
Rotary - Sudden breakout recently and while its MACD diverges, whether the momenttum will be build upon is another issue. I doubt the resistance will hold in today's drop though
BrightWorld - Since it's low of 30+ cents, it has been showing a strong reversal, which is reinforced when it passes the resistance of $0.45. This breakout, coupled with EMA crossovers, makes me sure that it is an uptrend. How long this can sustain, I don't know but it seems like it isn't stopping now. And personally I think it's a good thing that not many has noticed this stock (lesser volatilty due to band trading traders)
MiddleEastD - Similar to BrightWorld, since its low of 10+ cents, it has been showing a strong reversal, with further reinforcement as it breaks through the 30 cents mark. This one has lots of attention, as observed in SI forums. Not neccesarily a bad thing but it will most prob stay flat till demand > supply (meaning more long term holders holding it)
AsiaEnv - After the accumulation recently, it has begun to move. Whether its sustainable is another issue. But from evidence, it is on a healthy uptrend.
ChinaAviationOil - This accumulation is much longer than anticipated. Maybe the dash from $1.10 to $1.95 in less than 3 months is too much for it. Trend remains intact with strong support at $1.88-$1.91. Another push seems to be evident and we would have to wait and see.
BioTreat - Its puzzling when someone in SI mention that it is trading sideways. How is it sideways when the price increase from its low 50+cents to todays 90+ cents in around 7 months? 80% increase in this period of time isn't sideways, and to me, this is one of my prefered stocks. Steady growth without much hoo-ha about it. By the time hoo-haa comes in, it will most probably be more accelerated. Looking at how things are going, if not for the $1.03 surge recently, it would most probably continue its steady climb. But for now, it seems as though its waiting to weed out the contra players and the attention before continuing its climb.
Today will definitely see a drop. But its also a good time to tell which are resilent. Just like how I picked out HoBee, Golden Agri and CAO, I will be hoping to pick some gems if things turn sour.
Of cos, I will also close some of my positions as well if it triggers. More review will be done at the end of the day..Labels: AsiaEnv, Bio Treat, BrightWorld, ChinaAviationOil, MiddleEastD, Rotary |
posted by Nenix @ 9:01 AM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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