SATS Apr 19, 2013

SATS Apr 19, 2013

A quick note here on SATS.

Today Closing Price = $3.10

Dividend Collected = $0.43

Avg Purchase price = $3.15

Dividend collected since 2008 = 10 + 13 +17 + 26 =66ct

Year 2013 = Assume 5 years holding

Gain = $3050/5 =610/15750 = avg 3.8% return yearly for pass 5 years
(better than cpf OA rate or any bank rate)

Value now(inc dividend) = $3.76 ( Gain of 61ct) before brokerage

GCL 20130403

GCL

 I has been on a run up from 0.75 in the past 8 days and today closed at 0.87.
From TA analysis, the chart looks like it tries to do a short consolidation before a potential run up. The counter is on the uptrend since Dec'12 and immediate support can be seen 0.74,  follow by next 2 support levels at around 0.66 and 0.59/

My opinion in the next 2-3 days it could be forming a "Rising Three Method" candlestick pattern and is expected to break the 0.92 intraday high. It is just a guess.

My short term target is $1.06.

PS: It's just a personal opinion, please trade with cautions and take adviced from authorised and certified financial experts.