In my previous post dated 22 Aug " click here : Stealth rally to Jackson Hole on 30 aug ? " , I picked 2 groups of second liner stocks for a 'stealth' rally to Bernanke's speech at Jackson Hole on 31 aug : Oil and commodity second liner stocks.
In particular, I picked second liner oil stock Ezion and second liner commodity stock Sakari.
So far thanks to sheer good luck , Sakari hit the jackpot, gap up to 1.90 after bouncing off a reaction at 1.41 on a takeover offer , while Ezion today looks like struggling to break past 1.09 after bouncing off a reaction at 1.04 but then came crashing down to breakeven at 1.06 ..
Meanwhile as foretold in last post, Nymex crude topped out exactly at USD98 as predicted & then headed south for a correction despite Hurricane Isaac which seems to be much tamer than Katrina.
Kepcorp has already broken down on the very next day right after my last post ( oops - so i missed that breakdown- sorry ) ..& looks like heading for 11 bounce then maybe 10.85
Now that my Jackson Hole stealth rally expiry date is 30 aug which is tomorrow , and I am not too optimistic about Bernanke's speech at Jackson hole , today I thought it appropriate to bail out from about 3/4 of recent purchase , to reel in some profits as a matter of caution to relieve my sudden bout of jitters.
One stock that I have missed out to include on my watchlist but recently caught my notice is oil &gas marine engineering services stock Dyna-mac which had surged like a rocket since its breakout on 17aug and had hit my short-term target price of 54c this morning.
The Dow jones news wire this morning reported that Temasek-linked Fullerton Fund Mgt had bought a stake of 3,880,000 shares in Dyna-mac on 17 aug.
I have no clue as to their agenda in this buying exercise but I think the short-term swing force could have petered out on Dyna-mac for the current swing ( giving the stock rally some pause or sometime for reaction ) even if there is a takeover by proxy underway from Kepcorp ( who already owns 250,000,000 shares or 27.77% bought in mar 2011 at 35c during IPO ) which is a possibility given Kepcorp's many newly awarded contracts of late requiring subcontracting out to Dyna-mac ( which apparently possesses some niche expertise, currently operates its yards at full capacity & trades at a nice PEG & does work for Kepcorp's competitors as well ) but maybe unlikely because of other issues too complicated to discuss here but anyway I will take at least half profits off the table now if I own any of the shares which unfortunately I don't ....
of course I could be wrong about the profit taking part in light of potential upmoves in future, so take my words with many pinches of salt
but I will watch this stock carefully over next few days . and give it a premium seat in my watchlist.
as for genting sp, I am out half at 1.385 last week , and today out on another quarter at 1.365 .. thanks to the butterflies in my stomach as my jackson hole dateline approaches .
Again, of course I could be wrong in raking in profits now only to regret later in any unexpected upmove , but for me , one bird in hand is worth many more in the bush.. anyway I still got some left ( about 1/4 original qty) , still lurking in the bush to hedge my bets .. but I will not lose sleep over them riding into Jackson hole over the weekend, having locked-in most of the profits of recent purchases..
In particular, I picked second liner oil stock Ezion and second liner commodity stock Sakari.
So far thanks to sheer good luck , Sakari hit the jackpot, gap up to 1.90 after bouncing off a reaction at 1.41 on a takeover offer , while Ezion today looks like struggling to break past 1.09 after bouncing off a reaction at 1.04 but then came crashing down to breakeven at 1.06 ..
Meanwhile as foretold in last post, Nymex crude topped out exactly at USD98 as predicted & then headed south for a correction despite Hurricane Isaac which seems to be much tamer than Katrina.
Kepcorp has already broken down on the very next day right after my last post ( oops - so i missed that breakdown- sorry ) ..& looks like heading for 11 bounce then maybe 10.85
Now that my Jackson Hole stealth rally expiry date is 30 aug which is tomorrow , and I am not too optimistic about Bernanke's speech at Jackson hole , today I thought it appropriate to bail out from about 3/4 of recent purchase , to reel in some profits as a matter of caution to relieve my sudden bout of jitters.
One stock that I have missed out to include on my watchlist but recently caught my notice is oil &gas marine engineering services stock Dyna-mac which had surged like a rocket since its breakout on 17aug and had hit my short-term target price of 54c this morning.
The Dow jones news wire this morning reported that Temasek-linked Fullerton Fund Mgt had bought a stake of 3,880,000 shares in Dyna-mac on 17 aug.
I have no clue as to their agenda in this buying exercise but I think the short-term swing force could have petered out on Dyna-mac for the current swing ( giving the stock rally some pause or sometime for reaction ) even if there is a takeover by proxy underway from Kepcorp ( who already owns 250,000,000 shares or 27.77% bought in mar 2011 at 35c during IPO ) which is a possibility given Kepcorp's many newly awarded contracts of late requiring subcontracting out to Dyna-mac ( which apparently possesses some niche expertise, currently operates its yards at full capacity & trades at a nice PEG & does work for Kepcorp's competitors as well ) but maybe unlikely because of other issues too complicated to discuss here but anyway I will take at least half profits off the table now if I own any of the shares which unfortunately I don't ....
of course I could be wrong about the profit taking part in light of potential upmoves in future, so take my words with many pinches of salt
but I will watch this stock carefully over next few days . and give it a premium seat in my watchlist.
Again, of course I could be wrong in raking in profits now only to regret later in any unexpected upmove , but for me , one bird in hand is worth many more in the bush.. anyway I still got some left ( about 1/4 original qty) , still lurking in the bush to hedge my bets .. but I will not lose sleep over them riding into Jackson hole over the weekend, having locked-in most of the profits of recent purchases..
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