Sold of my 3 lots of SATS at 2.88 for 2.92 on contra for a profit of about 50 bucks.
Loaded 3 lots again at 2.80 before friday's close.
My current watchlist includes GMG, Capmallasia, Comfortdelgro & Straitsasia.
The problems in ivory coast resulted in a fall in GMG's price after a good start to the week. However, I feel that these problems are short term. Once the situation stabilizes and with rubber prices maintaining or even hitting new highs, high rubber prices should be here to stay.
Capmallasia fell to its lowest ever by closing at 1.84 on friday. Still researching on what could have caused this though it looks like a good price to enter.
Also currently researching on comfortdelgro. Looks very undervalued and with the recent news of it starting bus services in australia, looks like a good stock to keep on the watchlist.
Straitsasia have fallen from a high of 2.90 to 2.40 on friday. Looks very oversold and with coal prices also staying high in years to come, it may be a good time to enter.
As the holidays approach, trading volume falls and people start to take profit. This may be a good chance to enter stocks on your watchlist.
Last but not least, merry christmas & a happy new year!
regarding capmalls and straits asia, remember not to catch the falling knife :)
ReplyDeleteyou never know how far it will drop...
also, not very convinced of comfortdelgro...it's PER is close to 20...and it's a defensive stock, so probably wont get much profit in terms of capital appreciation.
anyway i've linked you already :)