Stock Focus

So far the stocks I have looked into are quite on track I should say.

1) Genting International

Stock price rised trmendously for the past few days, reaching a peak of S$1.20 on 04Jan2007. I was monitoring the stock closely for these few days, thinking of when the stock will drop. I sold mine at S$0.915 on Wednesday, thinking the stock would at most float around S$1.00. But it finally broke yesterday and it now stands at S$0.91 at mid-day. Previous post on Genting, the price was S$0.765.

2) Asiapharm

The director called for a trading halt two days before, while the market was on a boom. It was pretty demoralizing seeing all the others stocks rising while Asiapharm lost its chance. But the last time a trading halt was called, the company bought another chinese drug company that produce a cancer drug no other company is producing. Asiapharm has monopoly on that drug. Yesterday the halt was lifted and I was expecting good news from the company again. I was right and the stock rose S$0.10 to a mid-day price of S$0.77, from my previous post when it was S$0.665.