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Getting ready for a rally again!!

 

Ya...bought some more this morning....

 

I think HG is picking up momentum to chiong again. Chiong ah

 

Thanks for the advice, a little confused the other days as oil price hit $75 and many look like it is going to break $80 very soon. Also HG corrected from 75c to 65c without any resistance. Fortunately, recovered from the initial shock....happily vested now. May buy more today, look like it is going to surge all the way up to test the new high!!!

 

Avoid trading in and out of a good share. I strong discourage that and I think its unwise to do so. You will be caught in the squeeze if you are not careful enuff. Tats all I can say.

 

hehe...bought some today at 58.5c... looking strong again.. I'm confused but no complaint since I'm making money!!!

 

My intuition tell me this stock will cheong. DUnno why i keep feeling this way. InvesToMan I follow every stock u comment. The fundamentals all like not bad de le.

 

I think the correction won't last long. Keep your fingers closed. I am still holding on. If it reli drop, i will accumulate more. Else it cheong e more e better.

 

I sold off all my HG at 65c yesterday! Will buy back when price drop to 55c and below!! Good luck to those who are still holding!

 

Well i think its juz a temporary correction. I do not encourage investors to get in and out of a good stock. Well you may have different viewpoint from me but I practise value investing and thus I don't get in and out of a position unneccesarily. Happy trading.

 

Let's look at it from another view. It has run up year-low of 19c to 75c or 3 mth-low of 28c to 75c. That's nearly tripled. Could undergo a significant correction much lower than 60c. Best to take profit and buy when it's much cheaper than hold.

 

More consolidation will be taking place. Buy on significant weakness if possible. Lotsa shortists shorting creating selling pressure for investors like us to exit. If we succumb to their selling pressure, we will create further selling pressure. Anyway HG is for the long term. 60cents will be a good gauge for those planning to enter this stock as a reasonable price.

 

Dropped to 66.5c, time to buy?

 

According to statistics, every time World Cup takes place, volume will drop. I believe if u r short term, u should sell yr stocks and buy back at a lower price. But expect the expected, HG is a good share and may poised to venture further forward even the index is down. Oil price does not reli have a direct impact on HG but on the STI. The market sentiment may be negative and moreover there are many shortists out there ready to take advantage of this situation. High oil price may be the main culprit here. I would strong advise you to hold HG for the long run. If HG drop, you may wanna average down and accumulate more of HG shares. I am still bullish of HG in the long run. Dun panic if there is a major correct cos HG certainly worth more than that.

 

InvesToMan, Hg dropped from 75c to 67.5c and then rebound to 69.5c. PPl say World Cup and High Oil Price may cause stock market to correct, what do u think? Is that going to affect HG??

 

BullRun relax la. This stock sure chiong a dollar 1.

 

Singaporegal, How is the TA indicators today. Look better or worst?? Seem to be well supported at 69c.

 

Hongguo's TA indicators are strongly uptrending. RSI and A/D line all up, up, up.

 

HAHAHA or should I say HG is the next Prime Success in the making. CHEONG CHEONG CHEONG. Too bad me never buy much.... sian...... when crisis come next time, I swear i will buy alot of these stocks.

 

Please lah...No doubts Prime Success is a successful company, but to me Hongguo is much better in term of profit margin and stratgey. the beauty of Honggou is that it still have huge rooms for expansion in term of capacity and market at different regions. The gap is there and I like the huge gap! That means to me that HG will worth a lot lot more in a few year times. I only want to invest in a high growth company not one that is huge with limited growth!!!