Monday, February 17, 2014

Pick of the Week for Wk 8 is GTCAP (watch SECB and LRI also)

If you bought last week's pick of the week MBT, sell at between 5 - 8% gain. If you still havent reached this range, in all probability, youll get this this week. (I think this is not a market yet to wait out and target a 15 - 20% gain before selling).

The pick of the week for this week is MBT's mothership, GTCAP. Foreign buying is palpable for this conglomerate earlier and it's probable for this to continue this week. And besides the uptrend in MBT, Toyota is also launching new surehit models.

I also like the foreign buying in SECB. These acquisitions by Deutsche, et al stopped today, but the increase is still steady and the price of SECB still cheap. But starting bet here should be small.

Im also watching LRI. A real beneficiary of the boom in Construction, its sellers are thinning, price is still cheap, and activities leading to greater quarrying capacity by 2015 should be on track. But bet small here also, just to be safe.

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