Michael’s Trading Blog

A short post here as the new Lunar New Year begins. Two picks here:

1. BOC HONG KONG 中銀香港 (2388) – $21.50 is the recent high. A rebound is expected from current price level. A move over $19.95 on Tuesday can use to confirm this. Stop loss will be around $19.70 level.

Click here for BOC HONG KONG 中銀香港 (2388) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=2388

2. CHEN HSONG HOLD 震雄集團 (0057) – An industrial-sector stock. Not sure if the market will refocus this sector. A good buy if a move over $5.70 on Tuesday with a stop loss on $5.50 level. 

Click here for CHEN HSONG HOLD 震雄集團 (0057) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=0057

I would like to add some notes beside the 1138 post.

Not sure if it is due to the recent IPOs activities on some industrial related stocks, I found there are some movements and buying activities by the big players on the industrial related stocks. Noted, KINGMAKER 信星集團 (1170), DREAM INT’L 德林國際 (1126), RAYMOND IND 利民實業 (0229) and also, PAN SINO INT’L 環新國際 (0502).

Let’s see if the market had shifted its focus point and perception on industrial related stocks.

Click here for KINGMAKER 信星集團 (1170) daily chart and latest price quote:
http://www.aastocks.com/eng/StockQuote/default.asp?symbol=1170

Click here for DREAM INT’L 德林國際 (1126) daily chart and latest price quote:
http://www.aastocks.com/eng/StockQuote/default.asp?symbol=1126

Click here for RAYMOND IND 利民實業 (0229) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=0229

Click here for PAN SINO INT’L 環新國際 (0502) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=0502

This gonna be a quick post. Been very busy lately with other works but as usual, I will do my best in replying all emails.

Ok. CHINA SHIP DEV 中海發展股份 (1138) has been in my radar screen since last Friday. After the today’s news that Value Partners added its position on 1138, I decided to investigate further and take some spare time to write this post.

Data showed that JP Morgan and VP are adding their position on 1138 lately, but of course, their costs are lower than current market price of 1138.  Should we follow the moves of the big players? Fundamentally, 1138 looks fine. It is the matter of the market sentiment and market valuation on this stock. I think so….

Overall, $9.00 seems to be a good and crucial support for 1138. A move over $9.30 can be a good sign that the stock is resuming its uptrend. Let’s see how it goes.

Click here for CHINA SHIP DEV 中海發展股份 (1138) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=1138

Being very busy in past 1 month and didnt update this blog for awhile, although many stocks came in my radar screen. Sorry for that and many thanx for the continuing support that I received from the visitors. Hope everyone is making good money out there in recent bullish market.

Ok. PICO FAR EAST 筆克 (0752) came in my radar screen for Tuesday’s market. 0752 being consolidating between $1.70 and $1.50 level since late August, despite many positive news being announced by the company. This stock is in downtrend in past 1 week while the Hang Seng Index continuing making new market high. Hmm…. quite weired and unreasonable….

$1.45 is a crucial support level. A move over $1.50 on Tuesday is a good entry level.

Click here for PICO FAR EAST 筆克 (0752) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=0752

航天科技 China Aerospace Intl (0031) has been consolidated between $0.60 – $0.70 since mid June this year. Building a strong foundation to take off? OR breakout to downside?

0031 announced its first-half to June net profit of $53.47 mln HKD vs $18.83 mln HKD same period last year. The company said the net profit was higher compared to the year earlier even as operating profit dropped year-on-year, because the share of loss of jointly-controlled entities has narrowed to $3.79 mln HKD from the year-earlier level.

$0.68 is the recent high and $0.57 is the recent low which 0031 is about to test this support level.

For me, it looks bullish on the chart. A move above $0.61 is a good confirmation for an uptrend move with $0.60 being the key support/stop loss level.

Click here for China Aerospace Intl (0031) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=0031

Since 2003, I always received many emails requesting me to write or input some comments on any potential profitable warrants. Well, there are many reasons behind I didn’t do it but since this blog is created, the demand for this is so high again that I think I have to post some good picks on warrant from time to time.

First of all, I have to declare that I am not a good warrant ‘player’. Second, I still thinking that ‘playing’ a warrant is aint much different than gambling.

OK. Warrant for Quality Health (0593) - Quality W0701 (0151). There is no doubt that 0593 is making a good progress in its health-care business. Penta Investment Advisers Ltd added its stakes on August 4, 2006 before 0593 announced its earning. Here is the latest filing details:

But, I am concerned about the volume and turnover of this warrant. So, ‘players’ have to pay attention on this matter.

0151 closed at $1.18 today. Any move above this prive level tomorrow is a good buy and $1.17 being the stop-loss level.

Click here for Quality W0701 (0151) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=0151

Can Cheung Kong (0001) leads HSI to higher high? Will Li Ka-Shing sell his stakes on 0001 when a certain price level is reached? When will it happen?

Li Ka-Shing added his stakes on 0001 from June 2005 til May 23, 2006. Here is the latest filing:

Noticeably, on the same time, Templeton Global Advisor decreased its stakes on 0001 while Li Ka-Shing added up his stakes Here is the latest filing, dated April 28, 2006:

By looking on the chart, seems like 0001 is forming a double top since early of September. $87.45 is the highest high for this double top formation.

It is interesting to see if 0001 can move higher while the market still have the momentum to leap higher OR 0001 can be one of the locomotives to lead HSI move higher.

$84.90 is a good price confirmation for uptrend swing while $83.50 is a crucial support level.

Click here for Cheung Kong (0001) daily chart and latest price quote: http://www.aastocks.com/eng/StockQuote/default.asp?symbol=0001