Shares & Derivatives
Global Logistics
By Mr. IPO  •  June 28, 2014
Entered this trade on Friday at $2.68. First target around 277-280 and second target around 285-288.  Cut loss below the 260 thereabouts.
Fundamentally the stock should ride on the e-commerce success in Asia, especially China and the company has many analysts with buy calls on it and target price >$3. However, the valuation is too rich for my liking. For this space, I prefer CWT and is looking to enter CWT for my SRS account for a longer term play...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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