I have recently clearly my lots at sinotechfibre at 0.18 cents and bought ChinaOilfield. (SGX)

Guess it is still to early to cleared my lots in sinotechfib the chart line is still moving up. However i have already made my margin when it dip at 0.145cents.It is still a good chance this counter will move up to 0.195 cent further and there might be a resistance at 0.195 cents.

Why than China Oilfield Technolog crazy me those who bought it few weeks back at 0.155cents to 0.16cents congratulation there are the dare devils,there could easily dispose it for 018 cents now. Myself i am entering a little late at 018 cents on this counter.

Presently their audit accounts shows negative or revenues decreased. However if we look at China as a whole She is hungry for commodities to fuel its growing economy sectors in oil, coal, iron ore,gold are few examples.

Chinaoilfield also have equipment and products that are used in oil recovery There also have book value orders (according to their website) once their technical issues are resolved.

China Companies has recently invested in oil-sands projects in Canada , kazakhstan, Iraq etc.

Looks like even if crude oil dips below 80USD it is a good chance there would invest in oil field equipments.

My target sell at 0.25 to 0.29 cents or hold a while longer. My concern Chinaoilfield might consolidate the shares even with their strong reserves since there also have a business plan to expand their manufacturing plants which is on hold.

Good luck in your trade

ezy

A recent article i picked up

extract :

if you like China, you should also like...

• Brazil. Its massive amounts of mineral resources, fertile farmland, and oil are perfect complements to what China needs to grow. There’s a reason why Jim Rogers has been flogging Brazilian farmland as one of the best investments for the next couple of decades.
• Australia. This is one of Ted Peroulakis’s (Options Power Trader) favorite bets for 2010. He says that "Australia is a natural resource powerhouse with large deposits of coal, iron ore, and uranium. On China’s doorstep, it’s perfectly positioned to benefit from its huge neighbor’s modernization efforts."
• Oil. Imagine how high oil prices will go as the Chinese start buying cars. Ted says they’re moving rapidly in that direction. As a matter of fact, China recently surpassed the United States as the world’s largest passenger vehicle market.
• Taiwan. If you marry Taiwan’s technology to China’s enormous customer base, you get a breakout market waiting to happen. Once every couple of years, these two countries sign an agreement that gives Taiwan more access to China than it had before. The next one (the signing of an Economic Cooperation Framework Agreement) is expected later this year.  
• Canada. I shared my thoughts about Canada with you late last year. Canada exports oil, coal, and minerals to China. It has also attracted a ton of Chinese money. Just last month, PetroChina won approval from the Canadian government to buy a stake worth $1.8 billion in two of Alberta’s oil-sands projects.And If You Don’t Like China?

If you don’t like China, it’s probably because its market has been subject to big swings in the last few years...

• Last year, China’s market was up 74%.
• In 2008, its market declined 64%.
• In 2007, it rose 97%.

One way to take advantage of the economy’s growth spurts while sidestepping the fallout when growth stalls is to invest in the dividend globals that have aggressively moved into China.

In Sound Profits’ portfolio of dividend companies, there are five companies rapidly increasing sales in China...

• The integrated energy company I recommended last month is up 3.7%.
• The consumer company I recommended last month is up 9.5%.
• The food company recommended last August is up 13%.
• The oil company added last July is up 36.2%.
• And the industrial conglomerate recommended last June is up 23%.

These companies have sales all over the world. If China’s economy goes into a deep freeze, they could feel some of the chilling effects – but just a fraction of the effects investing directly in a China fund or Chinese companies would have on your portfolio.

Invest Safely

Andrew Gordon

Investor's Daily Edge
Email us at: feedback@investorsdailyedge.com

Disclaimer…The subject matters expressed above is based purely on technical analysis and personal opinions of the writer. it is not a solicitation to buy or sell.