Hi-P International

Look at its 5-year chart.
Hi-P never crossed the S$1.20 level. 
This time, can or not?
I have a funny feeling it might be able to, becos of Apple.
And Hi-P has cut its dependence on RIM, which is dying already.

Hi-P is under strong accumulation as it has hit 95 cents just now. Makes my afternoon nice and cool even though my boss is a terror. Hahahaa....

On good days, the vol is strong and pushes up the stock price. Clearly, this is fund buying.
On slow days, thin vol encourages retail investors to take profit and a bit of selling pushes the price down by 1,2,3 cents as like now. It is at 89 cents. The fund buying is for the mid term, when Hi-P is ramping up its prodn for Apple and the results will be showing in due course. Stay the course!

Hi-P is now on the brink of a major partnership with Apple. Very big milestone....

Hi-P International: The next Foxconn revealed?
(BUY, S$0.905, TP: S$1.28)
Edison Chen (+65 6232 3892, edison.chen@sg.oskgroup.com)

BUSINESS TIMES, 4 SEPTEMBER 2012 - “HI-P’S $300M MOVE SEEN AS APPLE-LINKED”

The Board refers to the Article and wishes to state as follows: The Group serves customers in different industries and is currently working on multiple projects from existing and new customers. The capacity expansion in Nantong Economic Technological Development Area announced by the Company on 31 August 2012 can serve projects in the pipeline and also as part of the overall manufacturing consolidation strategy.