We are going to follow Grandma’s rule, which is “eat your carrots first!”. We will look at how the 5 names mentioned last week from worst to best:
|Stock||Closing Price (8/9)||Last Closing Price (8/16)||% chg|
All positives which is good! The non-index names (HK323 and HK1138) performed better than I expected.
Do remember that you didn’t have to pay a dime for the above picks! That’s probably a better sign because unless our track record is stellar, people are going to be doubtful when a stranger suggest they should part way with their money. 🙂
Many of these names are being widely publicized by the local media, which can be both good and bad. My general rule-of-thumb is that the public is usually widely attracted by the success stories published in the media, which is turn fuels more buying into those names. Repeated publicity maybe a sign to sell.
HK1138 and HK1088 are having their financial results announced this coming week.
– Mr. Alpha
Picture from link: http://channerinvestment.com/blog/2009/11/warren-buffett-has-done-it-again/
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