Hello Pezz, PICC Trading Session Lunch Break Report:
The battle field smoke is clearing, and here is the way matters stand –
A whole lot of shares exchanged hands finance.yahoo.com (one billion shares or USD 330 million), facing off at 1000 buyers vs 2000 sellers, bidding for 169 mm shares at HKD 2.675/shr, for the 120 mm shares on offer at HKD 2.70/shr.
I am figuring, while sitting on my three tranches (that be 3x my normally allowed long-term holding amount), bought at average entry price of HKD 2.525, that the share can rest at HKD 2.90, but am prepared to double up again should it fall to HKD 2.00.
The 12-months target price should be around HKD 4.00 due to US ADR listing, China concept mania, RMB revaluation rumors, improved earnings from last 12 month's low (lots of bad stuff happened - flood, SARS, etc).
Now, lunch, walkies, and then rejuvenated afternoon struggle against other good-for-nothing human slug scums of the earth :0)
Chugs, Jay
References:
Message 19470650
Message 19455558
Message 19444705
Message 19467092
Message 19470582
Message 19470600 |
