CPO shares will 2010 hits …. Noble hits Pre-Crisis High!!
Posted by admin in Market Analysis, Stock PickGood Morning,
Since May 2009, I been calling for buy on CPO related shares as I remained steadfast bullish on Commodities and Crude Oil.
In May, many analysts were calling for sell on these shares. Some even target Noble to hit S$1.00 when it was trading at S$1.50 level. But now, not only its rallying but it is trading near pre-crisis level!!!
This is what I shared with my graduates:
[10:28:39 AM] 00 Kelvin Han: Noble pre crisis high 2.87 on 16th of May 2008.
Hit a low of 46cents on 28th of Oct 2008.Now STI only recover around 60% and yet this stock is trading above crisis high.I strongly believe this stock is going to hit S$3.50 in 2010. Watch this statement
(Anyone recall this stock’s advertisement was everywhere during the Singapore F1?)
[10:30:06 AM] DM: yes noble hang banners
[10:30:14 AM] DM: replace the usual banks banners
[10:30:56 AM] 00 Kelvin Han: yes, thats why keep telling friends to take note of commodities stock
So if someone ask me, which stocks are good to invest for the long term, CPO stocks will be the one to watch.
The next sector after CPO will be the Manufacturing Sector. I will be covering these stocks in a SPECIAL Event soon. So watch out for it!
Disclaimer as usual
Kelvin Han
Originator of V3Go Mentoring Program
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