COSCO

Accumulate Cosco whenever it dips to 1.75 for mid term trend towards 2.50 level.Anyway, CD is tomorrow and expect Cosco to dip on monday trading. Petrobras tender deadline for 28 new rigs is 18th May 2010. Expect result to be known around June period onwards and most likely Cosco will get at least 2 new rigs contract based on recent China loan of US$2 billion to Brazil in return for purchase of goods and machineries from China. If Cosco gets 2 new rigs contract, it will be another US$1.0 billion contract and that will push the price easily to $2.50. To all new investors for this stock is to accumulate for a longer term. Contra playing sometimes will end up losing money. Good luck !!!

Hi Winstorn, Did you buy in any for yourself? It seems that it is still dropping nowadays.. What is your opinion on the downtrend for the next few days?

Hi myhyip4me, Yes I manage to q and got some cosco at 1.75. I will continue to accumulate if it goes down somemore. Do not forget about the Petrobas tender for 28 rigs closing date is 18th May 10. You can see today , Kep corp and Semp marine all move up very strongly in anticipation also of getting some rig projects also. As Cosco had run up too fast, it is now consolidating and also just - meaning some people will take profit first and wait for the flap to form. Believe that you could be a new investor. For new investor, it is better to play longer term to hold to at least 2.50. Of course I can be wrong if cosco does not get any rig project and must prepare to cut lost if Cosco goes below 1.68 support level.