Our counters mostly still continue their uptrend. These counters include:
Supermx, Haio, Mudajya, Adventa, Sapcres, Petra, LBS, LBS-WA, IJMLand, KNM,......
Let's review Supermx. I know many of you scare of new high and miss the boat but do you know the institutional investors like EPF, Morgan stanley, Citigroup, OSK, PBB UT fund managers.....etc, are buying these type of counters before it really reach their fair price. I already alerted our investors in email and also on this Blog a few times. Since the out break of the H1N1, the demand of the rubber gloves are more than they can supply. So the glove companies will increase their price, expand their plants and capacity to produce more gloves. We expect the Y-Y earning grow at least increase by 20% in 2010 and 2011. The risk that will affect the glove companies is the materials cost. So this fundamental analysis. You can refer to the analyst report for more details.
I am a technical guy and so I don't buy and hold for 3 years. I will analyse the chart and pick the right entry time and the right profit taking time. The chart below show my entry and my exit timing. As long as the price form a higher high and higher low, it is still bullish.
1st trade earn about 40%
2nd trade earn about 40%
3rd trade earn about ??% (20% as today before chargers)
Please take a look.
