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Next Takeover Target
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chipchip66
Master |
25-Jun-2007 10:04
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bulls waiting for bears to make a move. bears waiting for bulls to make a move. LPPL! |
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chipchip66
Master |
25-Jun-2007 10:00
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Yes, doing a saw-whip now. Waiting for BBs to push it higher. |
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hmm3101
Member |
23-Jun-2007 13:32
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i hope ppl will realise the true value of this stock soon. This stock is trading well below Co, NAV of 0.21ct. Current Co. PE is around 9.6 whereas the market PE is above 15 or more. 1H07 revenue surged by 18% and profit surged by 36%. Co. reported that they are very optimistic about the future. Vested.. |
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lpkoh5
Senior |
23-Jun-2007 01:18
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Kim Eng target this to be over 20cts |
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sojourner
Member |
20-Jun-2007 22:32
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Still a bit too early to go in. Wait for T+5... |
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sohguanh
Veteran |
19-Jun-2007 16:01
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hmm3101: it all depend on your investment strategies. if you wan quick profits, fundamentals dun really matter. instead you look for hottest stock and get in early leave early before it falls to reap in the profits. this is wat we call traders. if you are buy and hold long term investor, fundamentals will come into picture. as of current the bull is very strong. can consider sell some into strength of which i did abit also. i dun go for buy high sell higher strategy. i prefer buy low sell high if it is desired strategy. |
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j3r0m3
Veteran |
19-Jun-2007 16:01
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everything about the market makes more sense if you look at it in terms of human nature and psychology |
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hmm3101
Member |
19-Jun-2007 15:46
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Hi i3rom3, np, thanks for your reply. Why this stock has a NAV(21cents) which is higher than its stock price are always shunned by investors? How many stocks in the market now can purchase below NAV? Could not under the rational? Maybe, it is irrational to invest in stock with good fundamentals and earnings during bull times. Should follow the crowds go for loss-making firms which are more attractive....and have big "cheong" power.. |
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rayphua
Member |
19-Jun-2007 15:23
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Yup, as mentioned previously, a whipsaw. |
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j3r0m3
Veteran |
19-Jun-2007 15:19
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sorry hmm3101, did not see your post until now. the counter is now at support level as previously stated by sojourner |
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sojourner
Member |
19-Jun-2007 00:19
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correction to yesterday's chart. support is approx at $0.15. good luck to those watching for a break tomorrow :) |
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hmm3101
Member |
18-Jun-2007 19:34
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Dear i3r0m3, Need your advise. What is the support level? Btn 15.5cents and 16cents? Right? Thanks alot.. |
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j3r0m3
Veteran |
18-Jun-2007 09:36
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waiting for pullback first... |
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chipchip66
Master |
18-Jun-2007 09:29
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Extracted from CIMB Daybreak. Description: storage products. The company manufactures video cassette housing products, compact discs (CDs), digital versatile discs (DVDs), compact disk-recordables (CD-Rs) and business card CDs. Swing Media Technology trades plastics resins and packing materials as well. Swing Media Technology Group (Swing Media) is a manufacturer of dataImmediate outlook: Ascending indicators suggest that the buying momentum is strong. The stock is a The stock rallied past its resistance on strong volume last Friday.Technical Buy S$0.135. Its next target is S$0.20. now at S$0.145-0.16. Place a stop just below its breakout level atMedium term outlook (2-6 months): managed to breakout above its MT resistance. A LT bullish saucer would likely keep the downside risks are a minimal compared to its upside potential. Its technical indicators are on an uptrend, indicating that buying momentum is slowly gathering pace. LT players should continue to pick up the stock on weakness. The medium target points to RM0.255,
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rayphua
Member |
18-Jun-2007 00:52
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Chipchip66, it's definitely broken out. However in this case, it could be a temporary whipsaw. As mentioned, didn't like volume on Friday. Money is definitely in this counter currently though. A slightly longer short-term view of this is should be good. Good effort and good mindset, Sojourner. No one flies first without walking. :) Spotted some errors in your resistance and trend lines. Msn me at 63990898@onemail.com.sg, will let you know where those errors are. Cheers. |
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sojourner
Member |
18-Jun-2007 00:44
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Master chipchip66, you're welcome :) hope to learn from your expertise. don't forget to share some of your tips. |
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chipchip66
Master |
18-Jun-2007 00:38
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tks for your analysis, sojouner. Great charts! Weakness is temporary but fundamentals are permanent! Wish all those vested best of luck! |
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sojourner
Member |
18-Jun-2007 00:27
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the extreme high volume last Fri (48million) is extremely suspicious. didn't look at buy-up-sell-down (busd stats), but there will possibly be weakness on Mon, unless the same players go in again. |
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sojourner
Member |
18-Jun-2007 00:17
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hi chipchip66, i'm just a newbie amateur, but let me give my analysis. hope you don't mind. the immediate support should be $0.155, any price spike especially close above $0.18 accompanied by high volume, should indicate a breakout. counter does not seem overbought yet - MACD is still rising, RSI has just gone beyond 50% and is not yet 70%. this is also supported by the Stochastic and Wm%R indicator. <img src="http://farm2.static.flickr.com/1032/560409654_92bb63d29f_o.png"></img> good luck to those vested :) p.s. not an inducement to trade. |
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chipchip66
Master |
17-Jun-2007 23:49
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Hi Ray, is Swing Media breaking out of accumulation or has it already broken out in TA perspective? As FA is good, SwingMedia should rally upwards to close its NAV gap of 22c. Let's see the picture unfold in the coming days. |
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