BOUGHT ANOTHER 10,000 HUAAN @ 0.495

 

Another 10k of HUAAN into inventory. Cheers~

Wow, all the ANA. recommended BUY. Let's see what they say about HUAAN:
"No significant cut in steel production in China"
"World steel production remains low"
"Building up stockpile to gain advantage in iron ore price negotiation"
"Hua-An’s balance sheet remains healthy (net cash of MYR34.7 mln as at Sep. 30, 2009)"
"Chinese government has taken various measures to address this problem, such as curbing capacity expansion in the steel and coke industries."
"Crude oil price (which has risen by 28.7% from an average of US$59.38/barrel in 2QFY12/09 to US$76.44/barrel currently) will boost selling prices of Sino Hua-An’s by products (i.e. tar oil and crude benzene)."
"Demand for metallurgical coke is likely to sustain into 4Q on the back of the recent steel price recovery"

Let's see how unclepicks say about HUAAN:
"Good to have ANA.'s recommendations, but don't fully trust them! They are not really into the future, but rely on past data!"
"pre-CNY rally should give a boost on HUAAN"
"Good if Tabung Haji continue to accumulate next year"
"A bored 4Q2009 should bring the itchy hands a.k.a. speculators back really soon."

After buying HUAAN, unclepicks' portfolio stood at 50% cash, 50% stocks.