Monday, April 15, 2013

Bought Nam Cheong Again

I previously did a trade on Nam Cheong and made some small gains.  Lately, I have entered into another position into Nam Cheong since I think that the stock has potentially more upside.  My entry price is at $0.25.  Nam Cheong has also announced dividends of $0.005 per share.  OCBC has a fair value estimate of $0.30 for this stock but I think I will probably sell it if it rises by 10%.  That sets my own rget price of Nam Cheong at around $0.275 to $0.28.

Vested interest.  Please do your own due diligence.

2 comments:

  1. Dear Sir,

    Thank you for sharing your investment strategy.
    Just wondering would you be interested to exchange blog links? I have been following your blog for several years and like your articles.
    My blog is SG Web Reviews (www.sgwebrevies.blogspot.com).

    Regards

    ReplyDelete
  2. any chart pattern you can see from nam cheong chart now?
    tho macd and RSI is pointing up.

    ReplyDelete

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