Monday 5 January 2009

Weekly Stocks Watchlist, Wk 1-09

Newcrest Mining (NCM.AX)
  • Closed at 31-week high on 24/12/08
  • STO[50,10] reached 40% and rising at 02/01/09
  • Open a long position for this stock if it makes a 35-week new high.

AGL Energy (AGK)

  • One of the best performing stocks of 2008 (+22.6%)
  • Trading near its year high
  • STO[50,10] currently at 89%
  • Open long position in this stock if prices drop to $14 level due to temporary pullback.

Origin Energy Limited (ORG.AX)

  • One of the best performing stocks of 2008 (+82.1%)
  • Independently valued between $28.55 to $30.71 by Grant Samuel & Associates.
  • Rejected BG Group's $13.7 billion ($15.50 per share) takeover bid in Sept 08, while receiving $9.6 billion to sell half its coal seam gas (CSG) reserves to ConocoPhillips, which will "fund a decade of growth".
  • Trading near its year high.
  • Open long position if prices drop to $15.00 - $15.30.

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