Monday, November 2, 2009

Supermax may stage follow-through rebound

I hope so... I went back into rubber stocks today, buying on weakness SuperMax, Adventa, and Latexx. At the last hour of trading selling was absorbed and other rubber stocks TopGlove, Kossan, and Harta turned positive this is a good sign. Another reason is the fact the three pharmaceuticals stocks in China went limit up of 10% today that are swine flu related. You can read about it here http://www.chinaknowledge.com/Newswires/News_Detail.aspx?type=1&NewsID=28443

Here is the paragraph about it if you want a quick answer but there is only two:

Biopharmaceutical stocks also ended higher. Shenzhen Neptunus Bioengineering Co Ltd<000078> surged by the daily limit of 10% to RMB 20.35. Hualan Biological Engineering Inc<002007> jumped 10% to RMB 68.19.

Good luck if you did the same!!

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