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www.collinseow
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20-Jan-2008 16:31
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Stock to look at
STX PO buy around support 2.50 stop loss 2.37 . SGX buy around 9.55 stop loss below 9.00 target 11.00 Wilmar buy around 4.40 stop 4.10 target 4.80 NR Stock ( strictly for trading , long if clear prior day high, short is clear prior day low) FibreChem Tat Hong Yang zi jiang My view
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www.collinseow
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20-Jan-2008 15:36
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Uptrend stock with correction along the way ,buy at current level 4.43 -4.60 . My view Note the uptrend line is NOT broken . Recent, correction is due to price control of commodities price in China .Palm oil is one of the products. However, this is temporary because of the Chinese New Year ( my guess) which some sellers has taken the opportunity to raise the prices . Secondly, If they price control long term, it will cause company to lose money and if companies close down, it will cause a even bigger shortage (supply) which will drive the prices even higher . Wilmar has a strong balance sheet , so my view is that they will be able to whether through this. To see chart , pls visit my blog www.collinseow.com |
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