Friday, August 1, 2008

Bought pfood, SP Chem

Bought 14 lots SP Chem @ 61.5, due to the counter's relative strength in the last two months. See if it manages uptrend.

Sp Chem: Cut loss if fall below 66c:

Bought 11 lots pfood @ 83.5. Long term buy based on China pork industry cycle. Expect it to break downtrend and rise to abt $2 in 6mnths to 2 years. Look to sell when it is in $2 area. No cut loss.

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