Michael’s Trading Blog

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