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SGX
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Alligator
Veteran |
22-Jan-2008 21:33
Yells: "learning from past " |
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thanks elf for your reply, I enter F&N but was rejected for some reason so I did not get it. Will try tomorrow.. perhaps. It seems NAV of 3.77 is supporting its share? |
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elfinchilde
Elite |
22-Jan-2008 21:30
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hm...this is odd...going by the charts, sgx may actually rebound tmrw. and with a gap up on opening. (not sure if i believe my eyes. o_0). it's actually resisting its downtrend. short term for now. longterm still looks down. if the rebound is true, then the near resistance to break is ~9.4. ie, that's your likely max for tmrw. huatah, huat ahhhhhh! g'luck! 
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elfinchilde
Elite |
22-Jan-2008 17:39
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hm ok...had estimated that today's range would be 8.1 to 9.1, with close at 8.6. was off the high and close, but more or less there then. (ie, sgx may be settling into a pattern). nope arbitrager, not from equities industry. i just live and breathe the market. hehe. and erm. advice is free, but what's free can also be deadly. it's not my advice ppl must remember, it's my caveat emptor! haha. cheers. get a good rest, all. tmrw it begins anew. dow futures down 561 pts. wonder if they'd do a surprise rate cut... |
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Arbitrager
Senior |
22-Jan-2008 16:04
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hi elf. r u from the equities industry? i have been looking at ur advice and TA. quite zhun.. good job! |
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elfinchilde
Elite |
22-Jan-2008 15:58
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haha thanks for understanding, huatah! (kena brickbats before for giving inaccurate TA lah...gotta understand that TA is abt probability, and not 100% zhun..) am just glad you sold jade. i expected it to break the 16c support, but not that fast. >~< hm. i think i shd start charging for this. :P hahahaha. ok back to wk.. |
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huatah
Veteran |
22-Jan-2008 15:49
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elf.. no worries.. your advise is advise.. i m de one tat make de decision at the end of de day. even if de shares bounced back.. no one to blame. and i dun believe in blamin others. de share forum is to share views, n i deeply appreciate your help all these while. Cheers. |
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narmag
Member |
22-Jan-2008 14:41
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Ooops.. our messages crossed. Ok thanks. Sorry to the other folks ... SGXers! But seems like this was where I could find you. Over to Fellowship thread then. Thanks |
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narmag
Member |
22-Jan-2008 14:39
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Hi Elf pls see my questions .... about 5 posts below. thanks! |
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elfinchilde
Elite |
22-Jan-2008 14:37
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hey narmag, i'll post your reply on fellowship thread; think i'm enough of a bug on the sgx thread already. hehe. let's not irritate the sgx-ers.... |
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elfinchilde
Elite |
22-Jan-2008 14:36
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idesa...what's cheap can go cheaper....by Graham/Buffett's terms, for a pure value investor, you'd pick only stocks at 1/3-1/2 of NAV. Don't touch property lah!! that's a done deal last year already! the big bossies have sold out already; us small fries should follow...be a live chicken, not a dead tiger! :P alligator, of your three choices, i'd pick F&N based on value and future promise. (this counter is not on my watchlist tho, so haven't seen its techs yet). for myself, I'm only considering ocbc and kim eng. haven't entered the former, and still waiting for 2nd strike for the latter (4 strikes in all for ke. yea i'm a chicken. hehe). OCBC is good cos last Q they took the extremely brave step of writing down 80% of their CDO obligations, which means this Q onward they're likely free already, or only minor debt left. still, no hurry to enter. i'm lkg for sub-7. On FA terms, if the US goes into a recession, then the longtermm outlook for kepcorp and SIA will not be good, esp for the latter in light of high crude oil prices, and lack of ppl flying. zhenxian, you get the NAV from the annual report of the company; can get it off sgx website. need to scroll through the entire report tho; but it's enlightening to learn FA. |
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idesa168
Elite |
22-Jan-2008 14:30
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Hi Zhenxian. I dun know how to calculate that, but the information is easily available free in many website. I got mine from Shareinvestors which u need to subscribe. |
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zhenxian
Senior |
22-Jan-2008 13:58
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Hi idesa168, how do u calculate NAV of a company? thanks for sharing~!
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idesa168
Elite |
22-Jan-2008 13:44
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I define cheap as share price drop below NAV. Which means we are buying a business for free and if the company goes into receivership, we still get the NAV. Currently there are a few in the mkt know which has considerably strong earning. Property counters UOL, SPLand, HKLand. SIA , SPC and the 3 banks near NAV. |
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AK_Francis
Supreme |
22-Jan-2008 12:42
Yells: "Happy go lucky, cheers." |
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No one can tell what is cheap, at this turbulance and panic market atmosphere. Its a global issue, stay away from the market. Best regards. |
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idesa168
Elite |
22-Jan-2008 12:16
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No matter how cheap the share price is right now, I am not gonna touch any of them. Looking at the DOW Futures almost -500pts, although US was closed for trading last night, but tonight will be a big selldown, DOUBLE selldown since they were closed last night. What is cheap now will be cheaper tomorrow. Quite sickening to say that, share price is getting cheaper and cheaper each day. Guys, watch out! COSCO now is dirt cheap, below $4.00. Do you wanna buy? I prefer to stay sideline now. |
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narmag
Member |
22-Jan-2008 12:00
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Hi Elf, Victorf or anyone who can help? New here. new to trading. No TA or FA. Your advice needed - Have STX at 2.85, Courage at .425 and Biosensor at .90 Pickep up.Small lots but it's still money. Now stuck. Anyone can advice SELL or HOLD. Wont blame anyone if wrong ... just want another opinion. If Victorf is right market should improve in 6 to 14 days. ... i can hold.. Thanks much. |
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Ucrano
Member |
22-Jan-2008 11:47
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Is it a good time to buy into SGX counter at 8.3? Any opinions? |
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Alligator
Veteran |
22-Jan-2008 11:17
Yells: "learning from past " |
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elf.. now i am looking at blue like Kep corp, F&N, SIA, seems SIA has NAV11.65, PE9.3 and yield 2.9. KepCorp NAV 2.93/PE26.5/yield 1.1, F&N nav 3.77/PE20.5/yield 2.4 all these are Jan begin price , by now all drop about 10-20 % so which one u think should collect? |
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elfinchilde
Elite |
22-Jan-2008 11:07
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hehe. smart boy. glad that you have a wise view of things. and also glad that you caught my hint to sell out all. was wondering how long it'd take you. :P apologies for not being more overt yea...but cos in trading, we havta make our own decisions, so i didn't want it to be me making the call for you, since loss/gain is always an individual's own to bear. pls don't sim tiah if you see them rebounding after you've sold tho. rem that sold is sold. and any rebound is shortlived for now anyway. (the way yzj rebounded frlom 2.06 to 2.19, but then tanked all the way to now). yep, just move on. no shame, no regret. as long as lesson learnt. (heaven knows how much loss i've taken over the years!) patience now and wait. sgx is a good counter. i may consider buying it, but not yet. cheers! |
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huatah
Veteran |
22-Jan-2008 11:02
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no lah.. alligator.. no one like to loss.. but since loss.. admit lor.. no big deal or shy abt own mistakes.. just bite de bullets and move on.. |
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