Short Friday market view

Ok, as usual, I will keep it short for today.
Fraser Centrepoint still doing very well and
I hope that some readers did enter the stock
for investment.

Oh ya, watch Guocoleisure, as I believe that
its surge is definitely not over yet. In fact, it
should be the new beginning of a charge
over the $1 mark very soon.

Next, we have POSH, the heavyweight IPO
which debut this morning. This was my view
days ago and it is still the same view now
"My personal view is to show hand on this stock
and should you kena the lucky draw, then you can
sell it for a little profits in the first few days of trading."
Note the word "a little profits".

Lastly, I wish to highlight a stock that I spotted
from the chart that I believe will have the potential
to stage a reasonable surge higher and higher.
Watch Mermaid Maritime.

That's it for today. TGIF!

Update on Fraser Centrepoint and IPO POSH

Ok, another short update on the few stocks that
I mentioned recently.
Fraser Centrepoint shot through the roof yesterday
and it was quite expected by me, as I wrote on Monday,
"As for Fraser Centrepoint, I have simply no worry about
this stock as the only that I see it heading is Up."
Well, I know of members who got in the stock at the
1.5x region and sitting with >10cts profits in holding.
My personal view is that the stock is still relatively
cheap and as mentioned in previous posting, I expect
it to be trading in the region of 1.80-2.00.
Still it is my personal view on the stock.

Next, we come to the heavyweight IPO POSH, PACC
Offshore Services Holdings, which will be closed
for application at noon today. It is priced at 1.15 and
there are 40 millions shares for public subscription.
My personal view is to show hand on this stock
and should you kena the lucky draw, then you can
sell it for a little profits in the first few days of trading.
Yes, I read about the high PE that POSH is listed
with, but I believe that for such a global leader, it
deserve premium in its stock price.
That is my view on this IPO right now.

Taking partial profits on GuocoLeisure

Ok, I will be taking partial profits on GuocoLeisure
as I will be busy with my property stuff these couple
of days. I believe that GuocoLeisure still have
further upside, but it may need a good break before
staging another breakout. Watch your position if you
decide to hold further or have a trailing (profit) stop
in place.
As for Fraser Centrepoint, I have simply no worry about
this stock as the only that I see it heading is Up.