Stock Recommendation: KSOILS

update:Stop loss triggered.
Net Profit: -3.7% in 1 day (loss)

The government is expected to announce further incentives package a couple of days. If that does happen, i expect stocks like KSOILS which have seen a surge in volume in the past few days will gain. Here is my planned trade (keeping a stop loss of hardly 4% !)

Buy (Current Market Price): 54.00
Target: 58.00
Stop Loss: 52.00
Maximum Hold Period:1 week

Risks: This week has seen growing signs of the recession in US getting worse. A sharp downward movement in global stock markets is likely within a couple of weeks.

Dec 26, 2008

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