The stock market has been declining for quite some time. It is definitely a better time to buy stocks now compared to 2-3 weeks ago. Many of them are trading near theirs support levels. I believe these stocks provide us with good trading opportunities.
Hong Kong Exchanges and Clearing Ltd is due to released its quarterly report very soon (11/11/2009) and i think it would release a good report. HKEX-CB (call warrant) is listed in KLSE. Bursa and HKEX share the same business model. Bursa is trading near its support level too.
General Electric Co has been declining for the last half a month since it released a not-so-good quarterly report. The reason i see GE-C1 (call warrant listed in KLSE) as a good trading opportunity is because GE has not really recover much in the current rally since March. GE was trading above $40 in Oct 2007 but now it is trading around $14. In my humble opinion, GE's fundamental is still pretty much intact.
Genting Malaysia (GENM) is fundamentally strong with lots of cash. SAFE! With its mother trading near its support, GENM-CK and GENM-CJ should provide us with good trading opportunities too.
Bank of America (BAC) and Citigroup (C) are trading near their support levels, as well. I really think the worst is over for US financial companies. These financial companies share price should slowly move up. There are call warrants listed in KLSE for BAC and C.
I think current short-term downtrend is near its end. Hopefully i am right.
Ok, good luck.
GOon
Good job! plus plus for you, GOon.
ReplyDeletei like reading your blog!
Andy J.