Short Market View for this week

I will just add a quick and short Market View
for this week as a few readers are asking for it.
Basically, from what from see from the general
market, there is still no clear sign of profits
taking yet. The Blues are still charging ahead
and selected penny stocks are still in the limelight.
It is these penny stocks that I am going to highlight
today. From the chart, I like Sinarmas very much
and I expect it to move further north in the days to come.
But take note that if the stock move below 58cts
with volume, then the surge may be over. I will
update here accordingly.

In February, I highlighted 2 stocks Pacific Radiance
and Linc Energy. They are 2 recent IPOs and I
stated that their price at that time was low and the
readers should seek to get them. During that time,
Pacific Radiance was trading at around the 95cts
region and this morning, it is trading at 1.10, not
too bad for a 16% for a 1.5 month job. If you read
the blog post in February, I am looking at a target
price of >1.20 and I am still holding this bullish
view intact.  

Next, if the readers are looking for an investing-grade
stock that I believe is still unbelievably low price, then
I recommend the readers to take a look at Fraser Centrepoint.
It is a recent IPO listed through introduction and
not through public offer. It is currently the 4th largest
property developer in Singapore, behind Far East,
Capland and City Developments (both listed). If you
missed out  getting Capland and City Dev at a low
price, then you can't miss Fraser again. In my humble
opinion, it is trading as a as-low-as-you-can-get price
and one should seek to gather the stock bit by bit or
just simple SAF (Sign-and-Forget), buy it and let its
surge amaze you in due time. I don't want to give any
target price for Fraser but fundamentally I don't think
1.80-2.00 is a tall order. I told the same target price to
a few readers on Skype and I am prepared to stick by it.

Since we are on the topic of property, I just wish to
inform the readers in case that you missed my previous
announcement. I am now a Real Estate Salesperson (RES)
aka simple Property Agent with Propnex. If you have any
property issues, or you are thinking of upgrading, or
buy/invest a residential/commercial/industrial property,
you can contact me, Nicholas, @ 97509878 for a friendly
discussion.