Saturday, 28 June 2014

Global Logistics

Entered this trade on Friday at $2.68. First target around 277-280 and second target around 285-288.  Cut loss below the 260 thereabouts.

Fundamentally the stock should ride on the e-commerce success in Asia, especially China and the company has many analysts with buy calls on it and target price >$3. However, the valuation is too rich for my liking. For this space, I prefer CWT and is looking to enter CWT for my SRS account for a longer term play.

Happy trading.
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