Cooking list of Stocks - No.3 2006
Welcome dear Thai stock investors / traders
AJ: is another successful stock pick by our group. This stock is on our cooking list for quite some time. The latest time when zorro recommended it again was on 6 March. Please look at the chart. It is up 33% in about 3 weeks. Not bad. Click the chart to enlarge. (updated on 27 March 06)
SPACK: This stock had been moving sideway for quite a long time before its volume increased recently. Probably somthing cooking there. (updated on 26 March 06)
GEN: It looks forming a double bottom. still cooking. Keep an eye on it. (updated on 27 March 06)
SMIT: It seems on the move. Accumulate with tight stop. (updated on 27 March 06)
EMC: It's been staying above 1.90 (support line) since last Dec. Forming a flag pattern. Looking good. Accumulate quietly if 1.90 does not break. Now 1.9 broke, RP. IP with a stop at 1.84(updated on 27 March 06)
SPL: Move lpp to 38.25. Enjoy. (updated on 27 March 06)
GSTEEL: still cooking. If 1.26 support breaks, exited. Re-enter when price is good. 1.21 seems forming a new higher support, IP with tight stop. (updated on 27 March 06)
DELTA: move lpp to 20.4, exited and re-enter when price is good. Technically I recommended to get in when it was 15.5. After my post, the major punters did a "big" shake out to 13.70. About half an year later it touched 21.30 (up 55%) and then every high is lower than the previous high, seemingly means losing momentum. It is still in the uptrend channel. If you like, you can accumulate with a tight stop (if it breaks channel lower line, exit). Of course DELTA is fundamentally sound, otherwise the Singaporean won't play it. Usually it is quite satifactory for a group of punters to achieve 55% profit. But in thai stock market some stocks may go up 6-8 folds. Really unbelievable!!! Those who listened to my call and got in when it was 15.5 have made about 30% in about half an year. (updated on 27 March 06)
MS: looking in up trend. Set stop at 1.13. Use 25DMA as protection. Good luck. (updated on 27 March 06)
NCH: Now in downtrend. Wait for re-entry. Now you may accumulate with stop at 1.18. (updated on 27 March 06)
PAP: Still cooking. Accumulate quietly with tight stop. (updated on 27 March 06)
IRP: It looks good. Still in uptrend and above 75DMA. (updated on 27 March 06)
We'll add more gradually.
scrt4u & zorro