Monday, July 13, 2009

Should I replace Yangzijiang with Golden Agri?

Let's say the recovery story is for real, and after this correction is over, STI does not reach the low 1000s, which means I would have been out of Yangzijiang without having anything to buy.

One stock worth taking a look is Golden Agri. A good price to enter would be 0.25 (see Kevin's blog). If STI does not correct severely enough for me to buy (target:1200), I would then after selling Yangzijiang at 0.70, buy 100,000 shares of Golden Agri.

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