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gho485
Senior |
01-Jun-2006 13:06
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stay out..current level is dangerous as it has break support level..not for a short term |
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lewsh88
Senior |
01-Jun-2006 12:43
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Thanks trading-coach. Will observe and decide. |
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trading_coach
Member |
01-Jun-2006 11:57
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Hi lewsh88, Whether or not to buy NOL right now depends on your investment strategy and whether you believe in decision-making based on stock fundamentals, technical analysis or both; and also whether you are a short, medium or long term trader. I trade short & medium term on technical analysis so here is my view based on my investment strategies: Rule #1) Never own a stock that is in a confirmed downtrend - and that's what NOL is doing right now! Since week ending March05 it has headed south, then found some support from November 05 from a level of 2.05-2.08 which it tested 5 times on a weekly basis. This week it has finally broken below this support level, and not surprisingly it is making quite a rapid fall. And when that will stop, no one can tell you, though it should find some support around 1.37 if indeed it gets that low. I wont bore you with all the TA on this stock here, but unless you can see a strong upside on this stock for some 'fundamental' reason, then I would be steering clear for now.. The weekly chart is below - hope that helps. 
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lewsh88
Senior |
01-Jun-2006 11:55
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Thanks everyone for your invaluable opinions. |
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singaporegal
Supreme |
01-Jun-2006 09:10
Yells: "Female TA nut" |
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thanks teeth53! haha... the CNA news actually confirm the TA readings! |
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teeth53
Supreme |
01-Jun-2006 00:03
Yells: "don't learn through life, learn to grow with life " |
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teeth53
Supreme |
01-Jun-2006 00:03
Yells: "don't learn through life, learn to grow with life " |
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Oredi indicated,. NOL px can go down a little as reported by CNA news, oil is eating into it profit. A transportation stock. |
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singaporegal
Supreme |
31-May-2006 21:53
Yells: "Female TA nut" |
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current price looks attractive but the price will downtrend even more. I'm pretty certain of this. the TA charts looks quite bad. |
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gho485
Senior |
31-May-2006 21:32
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the current price looks attractive but i would wait. during nol recent report i believe the downside is not over yet. with oil price at USD70 per barrel, it will eat into nol cost..act with caution |
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shplayer
Elite |
31-May-2006 21:28
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Yes, big drop today....to $1.91 NAV S$2.07. => 7.8% disc on NAV. I estimate (my personnal opinion - and will not be liable for any decisions made from this) earnings will come in @ 28 to 30 US cts per sh. (Sp cts 44 to 47 ). Div policy is 20% of earnings or S$ 8cts per sh whichever is more....=> div of 8 cts to 9.5 cts.....based on my est. This gives a yield of at least 4.18% (based on today's closing). Hope this helps. |
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lewsh88
Senior |
31-May-2006 21:01
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Hi: Can any member friends comment on NOL. Is this a buy period now? |
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