Saturday, May 22, 2010

Ready to do some short-term trades come Monday...

My targets are one or more of the following:

-Parkson



Short reasons : It's a fundamentally sound stock currently oversold & at good supports, with share buybacks accelerating in recent days.


-BRDB



Short reasons: Fundamentally a solid property company, Bandaraya is currently close to supports established in January and June '09


-Rubberex



Short reasons : It has come full circle,returning to the starting point of a huge breakout move from around $1 to a high of $1.80. Fundamentally, it's a sound stock that is in a hot industry ~ rubber gloves

-MPI



Short reasons: The stock has reached an oversold level that coincides with support from the Feb/March lows of this year. Also, a nice tax-exempt dividend is expected to be declared soon.

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