The 2-3 weeks magic strikes on POSH again

On 16th June, I wrote in this blog,
"Why am I mentioning about Pacific Radiance today? It is because the stock that I am going to recommend will perform exactly like Pacific Radiance. That stock is POSH, U6C, PACC Offshore Services  Holdings. Looking at the chart and its fundamental, I am quite confident that it will deliver what I expect of the stock. It is still hanging very near to its IPO price of 1.15 which I believe is a fantastic price to buy if you never get it from it from the public subscription. When I recommended Pacific Radiance, it was at 96cts, quite near to its IPO price of 90cts. Now  POSH is even closer to its IPO price. What is the potential upside that I am looking at?  I believe a 20-30% upside is not a too-tall order."

After I wrote about POSH, the stock went below the 
IPO price of 1.15 but I continue to tell readers to grab
the stock at low. The lowest that the readers can get
over the last 2 trading weeks was $1.135 and I wonder
how many readers did take action. POSH moved
up 2 days, or about 2-3 trading weeks after I wrote about
the stock. Today, POSH continue to go higher and as
of wring now, it is trading at $1.17 with a day-high
of 1.175 coupled with a healthy trading volume. 
The stock is looking good with 2 trading gaps over
the last couple of trading days. If you enter the
stock at a low, then you are sitting with a decent
paper profits now.

For the readers who don't know what the 2-3 weeks
magic is all about, this was what i wrote on 25th June,
"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."
 

A check on Fraser Centrepoint & Starburst IPO & Metro

I have been quite busy over the last couple of
days so I have been updating at this blog.
This morning, Fraser Centrepoint fell below the
important $1.80 mark. This was the range that
I mentioned a few months ago, $1.80-2.
The offer for Australand is on-going and the
Fraser Hospitality Trust IPO is also on the
way and it will debut next week. But I choose
to believe in the price action and I can only
hope that it is a one-day event and it will be
back to the $1.8x very soon. For the time
being, I am still pretty bullish on the stock
and I believe it is just a temporary "set-back".

Ok, I will touch on Starburst IPO which will be
closing at noon today. This is the first IPO that
has public tranche since QT and I will just
apply and punt it if I manage to be lucky to be
getting some lots from the miserable 2 million shares
available. 

Oh ya, Metro is trading with CD (cum-dividend)
now and it will be giving a wonderful 6cts dividend
out to the shareholder. That should support the
current stock price well. Read up in SGX Announcement
of the AGM/EGM date and the dividend book
closure date and distribution day.