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Wednesday, June 25, 2014

Fraser Centrepoint short review

On the 10th June blog post, I wrote,
"Next, I don't know whether the readers did
notice that Fraser Centrepoint is now "coincidentally"
trading within my target price of $1.80-2 range
If you miss catching the stock near the 1.80 mark
I am sure that there will be another chance to grab
it near the mark, but you got to take action."
Indeed, for the next 9 trading days, the readers had
chance to buy Fraser Centrepoint for the first time
and for some, to buy again at near the 1.80 mark.
I believe that the average price for the readers who
bought recently will be around the 1.81 level as the
stock hover around this price range. Fraser is now
trading at 1.86 as of writing now, and the readers
should be sitting on a good paper profits now for
those who took action. I believe that the downside
risk is very low for Fraser and the upside potential
is huge. I don't want to give a clear target now but
the $2 mark that I stated in April can be and will
be cleared in the short-mid term in my opinion.
For those "I Should Have", I rest my case.

Some people asked me a very interesting question
which I also find me strangely amusing. Somehow,
the stocks that I recommended will not move the
following days, but will start to gain momentum and
speed up after like 1-2 weeks. This "strange" occurence
happened to Pacific Radiance, Fraser Centrepoint
and more recently Metro. I have no scientific explanation
for this happening but I am glad that the readers have
ample time to make the decision and to take action.
If a stock move immediately after I wrote, then the
readers may not be fully prepared and will likely
miss the boat. But as usual, there will be people who
will hope that they have more time to finally decided
and take the action. For them, I have to say that I have
no control over when and how the stock will move.

Lastly, some readers told me that the stocks that
I recommended are "Expensive". Why did I always
recommend those stock near or above the $1 mark
and why not those "Cheaper" stock?
I shoot back at the readers and ask them that if I
recommend a 50cts stock, will they then will buy?
As usual, I have those, "I will consider", "I may buy".
It is back to square one again. In my view, there is
no expensive or cheap stock, as long as the stock
will go up after I buy. And if you consider those
>$1 stock as expensive, then you are missing out
on a lot of great opportunities. But for the benefit
of those readers that really like to buy only penny
stocks, I will seek to uncover some hidden gems
among the "cheaper" stocks in the coming posts.

  

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Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

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