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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.

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2 comments:

  1. UnknownApril 15, 2013 at 10:31 AM

    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. AnonymousApril 30, 2013 at 12:30 AM

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

    ReplyDelete