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Straits Asia
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cheongwee
Elite |
01-Jul-2009 15:33
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sorry typo error...shd be...... if you say so than it must be so..."self fulfilling"...so be it..
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cheongwee
Elite |
01-Jul-2009 15:31
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if you sau so than it must be so...."self fulfilling"...so be it..
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cheongwee
Elite |
01-Jul-2009 15:28
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this one may finish abv 1.8 end of today... | ||||||
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cheongwee
Elite |
01-Jul-2009 15:27
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i am 70% confident this one is heading higher..soon...buy 20lots also good...just buy. | ||||||
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cheongwee
Elite |
01-Jul-2009 15:23
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today q to buy again, so are you joining to buy, ...dividend...i dont buy stock for the dividend. it is how easy u make the $...and not how much $ y make..that is the point.. i am here becos i like to make easy money..
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nickyng
Supreme |
01-Jul-2009 15:19
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gee...cant believe it u guys still living on that self fulfilling prophercy ??? :P | ||||||
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newtothis
Veteran |
01-Jul-2009 15:12
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LOL. Have you recieved dividends in terms of millions ? :)
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cheongwee
Elite |
01-Jul-2009 14:55
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pls dont copmpare...i have got an occassional golf kaki..he told me that his stake in SPH alone is worth ard 3million..and i believe he got some more than that ....he drive a bentley and he is indonesian..so how am i going to compare to him..my bussiness is worth only 2/3 of that.. forget abt how many $ we got...just concentrate on making before the rally gone.... your money it as good as u are alive...try to take some profit and buy thing or pay for thing which you enjoy..go for holiday.. dont be tempted to use leverage, to beat your neighbour..i was once a worker also..i know ..
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rachael
Member |
01-Jul-2009 12:53
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Cheongwee, yes brought the shares (at the wrong price) and have been until now.....however I notice that this week is not so bad, the prices are between $1.74 to $1.80 from yesterday and today. Will hangon to them for a few more days...... hopefully these will come to me by this week. If not will cut less and Can I know which counters can see your posting at Share junctions? |
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jeremyow
Senior |
01-Jul-2009 11:45
Yells: "Passionate business investor" |
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Wow, cheongwee, You must have quite a lot of capital to buy up to over 200 lots of Straits Asia Resources. And you mentioned you also have 2 other counters invested. You are a big-time retail investor. |
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cheongwee
Elite |
30-Jun-2009 19:30
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u got to have stop loss...but i thk in and out is more risky.( honestly, i am lousy in this,esp this one the movement is some few % only)...just stay on...till u hit your sell px..and sell and of course, provided there are no surprise fr DOW, ..that is why u got to have stop loss..ready to cut... but going forward fr now till late july, i thk market shd be ok...till nw acc. some close to 200 over lots...plus today 27 lots done only.. i just got right now 3 counter...so can run on short notice...who know what come next??take care.
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cheongwee
Elite |
30-Jun-2009 19:22
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I tok u bought already at 1.79..16 lots on 18 june???..u buy again??..good me bought today also, but at 1.76...i put my proceed fr Armstrong to here..today.
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striker
Member |
30-Jun-2009 16:40
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me 2..sold at 1.82..waiting to reload to catch the next up..hopefully near 1.9 | ||||||
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dealer0168
Elite |
30-Jun-2009 16:34
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Emm had sold mine at $1.82. Will come bk again. |
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striker
Member |
30-Jun-2009 16:33
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1.76....ready for another reload.. | ||||||
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nickyng
Supreme |
30-Jun-2009 16:22
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gosh!! at 1.76 now.... the truth has prevailed...the MYTH is BUSTED ! :P | ||||||
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niuyear
Supreme |
30-Jun-2009 15:58
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There are a lot of corporate / banks earning reporting end July/august. Think there might be more trading volumes in July.
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thomas_low
Veteran |
30-Jun-2009 13:38
Yells: "Gong Xi Money Made" |
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Managed to clear stock at 1.82, wait for another dip before going in again for the 2.2 ride. This afternoon EU may open up as futures goes up in big green numberals, so may want to consider .....no call to do anything... Yes I believe it will hit even higher, just a matter of time. Time to go for a short stock holiday...maybe... | ||||||
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striker
Member |
30-Jun-2009 13:17
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Straits Asia Resources: Buy (OCBC Research, 30 June) SAR has seen its share price more than doubled since its March lows, in tandem with the resurgence of oil prices. The impact of global economic stimulus plans has started to flow into the real economy, leading to tighter energy markets. Improvements in fundamentals bode well for SAR, as firmer coal prices will boost its revenue. Management holds the view that energy markets will continue to tighten in 2H09 and is optimistic that its FY10 output will be priced at more favourable levels than recent spot prices of around US$60/ton. SAR has entered into sales agreements for the remaining 27% of its FY09 output. We estimate a blended average selling price (ASP) of US$85/ton for its FY09 output, slightly lower than our previous US$87 forecast due to recent weak coal prices. Nevertheless, this is still above FY08's ASP of US$70.50/ton, putting the group on track to deliver record earnings in FY09. This is also well above its breakeven cost of approximately US$38/ton. Production volumes have picked up in 2Q09 following a seasonally wet and slow 1Q09, and we expect output to gain momentum from 2H09 onwards on the back of more favourable weather conditions and increased production capacity. SAR has recently also installed additional infrastructure at its mines. The enlarged capacity will enable it to produce up to 19mt of coal per year, more than double its targeted FY09 production volume of 9mt. Management targets to ramp up its production to 19mt by FY12, pending the resolution of forestry boundary restrictions at Sebuku. We expect growing production volumes to drive SAR's earnings in FY10 and beyond. A sustained recovery of energy prices will serve as an added boost to its earnings. We have adjusted our earnings estimates by -20% to +2% as we lower our FY09 ASP assumption and tweak our cost projections, but raise our ASP assumptions for FY10 and beyond. This lifts our DCF-based fair value estimate to S$2.07 (previously S$1.38). Given the stabilisation of oil prices and the improving outlook for global energy markets, we upgrade SAR to a Buy. Dividend yield remains attractive at 5.2%. Key risks to our assumptions include a reversal of energy prices and refinancing risk. | ||||||
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maxcty
Master |
30-Jun-2009 10:28
Yells: "always a learning day for me in trading" |
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thanks for sharing..
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