Tuesday, May 05, 2009

New Stock Picks For A Nice Trade


I have been pretty careful and cautious on putting up stocks that I like, even though I think there are a bit more legs to this rally. I would like to bring your attention to the recent posting on Asset Class Returns to get an idea on the next hot sector to guide and lead the markets. Yes, its commodities. I commented: "What is more interesting is the very flat performance of commodities. The bottoming of markets may tie in with a working down of inventories in commodities. I expect commodities to outperform the other asset classes in the coming months." I expect a swift 20% trade from these:

SAAG long up to 0.29

Sapuracrest long up to 1.24

IOI Corp long up to 4.50

Kulim-WB long up to 3.32
Kulim long up to 6.00




p/s photo: Meisa Kuroki


9 comments:

Little Bear said...

What do you mean long up to? That is you target price? If thats the case, it seems like that is limited upside to all your picks, They have pretty much hit those prices at opening today.

Salvatore_Dali said...

little bear...

long up to = buy up to

if its a target px, i would say target px..

read properly, i said 20% trade ..

u think i am an idiot to target 1-2% fm yesterdays close, pls la...

Little Bear said...

didn't mean any offence, was just trying to make sure. ;)

chanyip said...

hi dali,

May i know your how did you pick your stocks? Based on the prospect of the company?

Thanks

solomon said...

Of the 4, I am puzzle why you have SAAG in the list. What is it so great abt it? Comparatively, it is still cheaper than KENCANA.

Please share, thanks.

Michael Tsen said...

shouldn't KNM in the list ? Are these choices any more open than KNM ?

Salvatore_Dali said...

chanyip,

i said this is a momentum driven rally, its a trading mkt, and hence it will go sector rotation for sure... spotting the wave is one, then pick the stocks with a very high beta, i like commodities, so i pick those with high betas and reasonable fundamentals

Salvatore_Dali said...

solomon,

cannot pick everything... maybe kencana better... but i think the operators on SAAG are better... when i say operators, i meant stock operators, enough said..

michael tsen,
do u have a brother gerry, cause i would have been a 7 year classmate with him at SMI ... anyway, my views on KNM has been out there (just search for KNM on my blog) ... Im still not entirely comfy about it...

ian said...

The comments are hilarious