now the correction seems over... to share my thoughts out on why i'm holding GMG & GenSP
GMG - currently 0.310 - someone said some news coming.. if i would to guess, maybe a potential takeover target from commodity giants noble/wilmar - if that happens, easily 2 fold profits. Short term, looking at 40c. If bad news, downside risk is to near 20c.
GenSP - currently 2.03 - oversold, should touch 2.30 back easily even without any further news. But someone said BIG news coming, so I am looking at about short-term TP of 2.60. My guess, is could be opening of casinos in other regions? If bad news, downside risk to 1.85
both are good growth counters overall even without any rumors in play (gensp being the safer bet).
The next counter in my radar to buy by mid dec is Wee Hur, recommended by the same guy who recommended Chinantown to me when it was quiet and cheap at 11c to await the dual listing. Wee hur is now quiet and cheap at 0.480 too while it's awaiting some bonus warrants and shares
This post has been edited by wlcling: Dec 1 2010, 11:25 PM
Singapore Stocks
Dec 1 2010, 11:21 PM
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