BMB Munai (AMEX:KAZ): After 65% gains in a day, what’s next?
Today's Financial News - Posted May 8, 2009
Shares in BMB Munai Inc (AMEX:KAZ) soared over 65% this Friday. Since February, this stock is up over 300%. What’s next? How to play this situation!
by J. Christoph Amberger
Baltimore—TFN: You may have seen the enourmous action on BMB Munai Inc (AMEX:KAZ) today. The stock soared over 65%.
We’re still trying to figure out what exactly powered this kind of surge. I suspect it has to do with the fact that Kazakhstan expects the “head of higher representative body of the People’s Republic of China” for an official visit.
After all, China is using current price depressions in energy and commodities to buy itself energy security.
Neighbor Kazakhstan… and BMB Munai… may just fit the bill—be it only in the minds of speculators who’re looking up energy-related stocks in Kazakhstan next week!
Whatever it is, we like it. We entered the position November 14, 2008 as part of our Hot Stock Confidential speculative trokia on Russia’s threat to the EU’s natural gas supply. Like other energy-related plays, we were hit hard by the drop in energy-related stocks afterwards.
Based on our November purchase price in the HSC tracking portfolio, we’re now down only -5%. If you bought at any time since February, your position is up anywhere between 100-300%!
Representatives of Sichuan Province will be visiting Almaty from May 13-16. Both the Kazakh Chamber of Commerce and Industry and the Ministry of Commerce from China will be meeting on various aspects of cooperation. We could see some high-falutin’ announcements in energy co-operation that could propel the share price upward.
It’s one of those potentially highly profitable HSC “Whack-a-Mole” profit situations: The mole, in this case KAZ, has spent some time under ground and may be ready to pop up any time now.
I’ve just posted our new stop loss and our possible profit-taking strategy for next week for members of our premium service Hot Stock Confidential. This has the hallmarks of becoming our 24th double-digit gainers, maybe as early as next week.
Why don’t you join us at Hot Stock Confidential. We’re one of the few investment advisories that has been taking profits consistently throughout this year… and we have plenty of damn good stock recommendations that are ready for upward surges just like BMB Munai! (Simply click on the ad below!)
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