Thursday, April 01, 2010

SMIC

Yes...today it managed to close higher by 3cts which was a good sign with regards to it's up-trend mode esp after yesterday fall of 5cts.

I am banging on this counter to help me to win "big" since my prediction is that the share price will continue to raise to above HKD1.30 ( price of conversion of warrant to common share for TSMC ). To make sure...it is attractive for them to convert, I expect the big boys will play-up this stock to over HKD1.60 as they had a "lock-up" period for their 10% stake in SMIC.

With that...there is likely to have another 50+% up-side.

1 comment:

wINtoTo N aLSo 4D...yEAh! said...

yes...making some unrealised profit after minusing some losses by Henderson Inv.

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tO hAVe FuN wiTH mY liFe aND aLsO wAnT mY loVED oNeS tO hAVE tHE SaME tOO. :) bUt iN rEAL LiFe tHaT sHouLd bE sOOn.