Sunday, January 24, 2010

Rally is over?



Dow Jones closed sharply lower(-216 pts) on Friday. The cny-rally may be short lived.

If you are chasing the rally, good luck on coming Mon/Tues, as there might be possibly panic selling.

Let's see if the price is low enough for unclepicks to collect more.

Have a nice weekend.
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2 comments:

  1. AnonymousJanuary 25, 2010 at 8:19 AM

    morning uncle.. im fully depend on huaan, how worst the situation with china new policies. should i hold or sell the stock, rebuy on lower price.. ya ka

    ReplyDelete
  2. unclepicks@gmail.comJanuary 25, 2010 at 2:24 PM

    It's dangerous to be FULLY depended on one counter! Though, unclepicks is still optimistic with HUAAN, especially its coming quarter report. HUAAN just needs to shine for the next 2-3 quarters, considering HUAAN is on the early recovering state of recovery

    Unclepicks TP ~60cent.

    China needs the new policies to keep the GDP healthy. I don't see any problem with that. It's a good news infact to keep the world economy stable, inline with "buy and hold".

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