(This is a update for 1 of our earlier posts, something that the TEAM was watching with anticipation).
WEDNESDAY, 5 DECEMBER 2012
Current Idea - Great Eastern
BUY - Great Eastern (GE) had a strong rally from $13 to a high of $17, with very good volume. This led us to watch it. It has since corrected to about $15 level and drifted sideways.Be prepared to buy if breaks out of sideways trend, cut loss if breaks $14.90. OCBC and GE have stakes in WBL (price has been going up), due to some corporate action lately from Straits Trading. (Do call us if need more information, we'll be glad to help.)
Update on Great Eastern
On 5 December 2013, we made a call on Great Eastern. We suggested buying into the stock when it breaks out of the consolidation phase.
That's a healthy 18% gain (estimate)
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Market has been running up for the whole month of January, and Dow has just done a new high.
Although the uptrend is still very much intact, it is important to also protect profits.
(If not sure how, give us a call.)
Offshore & Marine (O&M) sector still seems to have legs.
(As always, do your homework, plan your trades & follow through.)
