gallant 0.385 now

ling, do I need to sell now? this morning hitting 40 cents before withdraw slightly to 39 now. I'm targetting at 40.5 but seems this stock got the "umpph" power to move further.

I would say don't be too greedy

If it hit your target, better sell. Hard to predict when it will goes down. Anyway, congratz for the profit

I agree with you, so that's reason why I'm looking to lock into my profits now since it's very close to my level. better to earn something rather than nothing at the end

bro, maybe sell half first la.. 30% profit is already awesome for a week's worth.

bro, already queue @ 0.405 whereby 0.005 to cover the commission..lol.

Still keeping another half at 45 cents.

or can consider switch funds to GMG.. this one can chiong like gallant one... Actually i expect more potential from GMG too

gallant really give me a surprise!

This post has been edited by wlcling: Dec 13 2010, 11:48 AM

really? any news for this stock? can have some angpou money keeping it?

just some hearsay potential take over lo... but this one abit long way to go... now just short-term bullish on it. TP about 38c for now.

bro, 52 weeks low @ 9.5 cents lor..now oredi 32 cents. looks dangerous unless it become next Osim?

This post has been edited by ronn77: Dec 13 2010, 12:45 PM

now everyone make money = bullish. good to u all. i'm still stuck at bursa and hide in bunker for quite a long time oredi. just to bump u all and say hi to my fellow forumers..... still keeping mine no sell or buy for few months oredi. SG stocks is better than Bursa stocks at least for my portfolio.... maybe my stock picking is lousy..... so may transfer to SG stocks when mine funds were unlocked (if opportunity comes). will come again to cheers u up once a while.... good DAY.

i am watching all the while when not posting = silent readers

not next Osim... is next Wilmar!!!

agree is dangerous. I am prepared to cut if it slides.

gallant hit 0.405 liao after 2pm ... got potential to hit 0.42 by today.

lol...if that's the case then I need to learn a lot from you.

anyway mine 0.405 matched, still got another half load to go if hitting 0.45

some ppl said the TP is at least 70c...

but now abit scared to chase, out of my watchlist for now... need to rush off now... if really hit 42c by end of today, i'd be very happy for u guys..

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Added on December 13, 2010, 3:12 pmJust logged in through my iPhone wanted to but some gmg at 325 for some contra but minutes too late!!! Now is crucial, if breaks 34c means...

This post has been edited by wlcling: Dec 13 2010, 03:12 PM

gallant so fierce!!

gmg, hope can match gallant's fury.. but i think won't be as power! queueing for some contra at 0.325 now

Hi Wlcling,

R U still holding GENSP?

yes, haven't lost faith in it yet. 10 lots

FA reading on GMG and probably a reason for its increasing stock price... rubber prices increasing, and expected shortage over the next 5 years.. (GMG is the only natural rubber play listed in Singapore). This is a fairly good growth stock in my opinion and a reason why i entered even though at current levels the price seems abit too high...

Are rubber stocks in malaysia experiencing any increase in price over the last few weeks?

Rubber Climbs to Record in Tokyo as Supply Shortage May Deepen on China

Rubber rose to a record as rain cut output, worsening a supply shortage as demand for the commodity used in tires expands, led by rising car sales in China and India. The cash price in Thailand also reached a record.

May-delivery rubber on the Tokyo Commodity Exchange climbed as much as 3.8 percent to an all-time-high of 396.4 yen per kilogram (4,712 a metric ton), exceeding the previous record of 388.9 yen reached on Feb. 13, 1980, before settling at 395.5 yen. The contract has gained 43 percent this year.

Futures advanced after China’s central bank refrained from increasing interest rates and government reports showed China’s economy is gaining momentum, boosting speculation that demand from the largest user will keep expanding. China’s industrial- output growth accelerated to 13.3 percent last month from a year earlier, surpassing economists’ median estimate of 13 percent.

“The figures from China showed economic growth accelerated, regardless of government measures to cool expansion,” Takaki Shigemoto, an analyst at research company JSC Corp. in Tokyo, said by phone today. “The data, together with a lack of a rate increase by China, created a bullish mood among investors, leading to a rally in equities and commodities markets.”

May-delivery rubber in Shanghai rose as much as 4.5 percent to close at a daily limit of 35,320 yuan ($5,302) a ton. The contract reached a record 38,920 yuan Nov. 11.

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, gained as much as 2.9 percent to 2,923.77. China’s central bank ordered banks to set aside more reserves instead of increasing borrowing costs as had been speculated by investors over the weekend.

‘Positive News’

The central bank’s lack of action “is fairly positive news,” He Zhen, who helps manage $301 million as general manager at Shanghai Huili Asset Management. “The central bank will be very cautious about raising interest rates.”

China’s increase in reserve requirements for banks reduced the chances of an increase in interest rates before the end of this year to less than 50 percent, Credit Suisse Group AG said.

The brokerage reiterated its prediction that China will raise interest rates by more than 200 basis points by the end of 2011, according to the report by analyst Dong Tao.

Cash rubber in Thailand surged to a record 138.55 baht per kilogram, boosted by a supply shortage and the Tokyo rally, according to the Rubber Research Institute of Thailand.

The price will likely extend gains as latex output in the country starts a seasonal decline as early as next month, said Hisaaki Tasaka, an analyst at Tokyo-based broker ACE Koeki Co.

China, India

“Rain persists in southern Thailand, causing a lack of supply,” Varut Rungkhum, analyst at commodity broker Agro Wealth Ltd. said by phone from Bangkok.

The weaker yen was also supportive of rubber, Sureerat Kunthongjun, an analyst at Agrow Enterprise Ltd., said by phone from Bangkok. The dollar was at 84.19 yen from 83.95 yen Friday.

A natural-rubber shortage in India, the world’s biggest consumer after China, may deepen almost five times over the next decade as rising incomes boost demand for tires.

The deficit may widen to 840,000 tons in 2020 from 175,000 tons next year, according to Vinod Simon, president of the All India Rubber Industries Association. In 2015, the shortfall may be 687,000 tons, Simon said.

China’s sales of passenger cars including multipurpose and sport-utility vehicles increased 29.3 percent to 1.34 million last month, higher than the previous record of 1.32 million in January, according to the China Association of Automobile Manufacturers. The pace of growth was the fastest since April.

Source: Bloomberg

btw, bullish that mid-caps continue to rally tomorrow.

FOMC meeting tomorrow night... probably wont raise interest rates ba