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Saturday, July 10, 2010

Bought HG Metal Manufacturing shares

I managed to buy 1 of 2 stocks today, of which the successful buy being HG Metal Manufacturing Ltd, at the price of S$0.105 per share.

HG Metal intra-day low and its closing price were S$0.105. The buy was based on the fact that bought price is 43% lower than 52-weeks high, an expected lower loss and a highly possible return to black, and a bounce in manufacturing fundamentals.

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Do provide your constructive comment. I appreciate that.

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