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Straits Asia
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artng25
Senior |
06-May-2011 16:23
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Was the spur of the moment thingy, shot up quite a bit last week and thought it was good for a short but alas too 'efficient', shorted at 2.92 and not your .95. Dont want to baby sit it over the weekend nor till XD. Off loaded my S51 day after XD at 5.75, didnt know where it was going.... still learning and especially from all you sifus' out there. A big thank you
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Gaecia
Elite |
06-May-2011 16:20
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Gee.. i really feel like buying today but also too damn scared to do anything except to cover my shorts. The blue chips are on GSS but elections looming, its either make or break the bank! |
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Gaecia
Elite |
06-May-2011 16:17
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You're quite like me or do u read me? In future why don't you post your entries in details as a source of education for us? *chuckles*
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alexchia01
Elite |
06-May-2011 16:14
Yells: "Catch The Stars And Ride With Them" |
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Ok... I short at $2.73 today. Hope, I'm not too late. Haha...
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artng25
Senior |
06-May-2011 16:08
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Agree, but covered today at 2.74
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alexchia01
Elite |
06-May-2011 15:53
Yells: "Catch The Stars And Ride With Them" |
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Straits Asia looks good for shorting. Can hit $2.60. |
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artng25
Senior |
06-May-2011 15:48
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XD on the 12th might just give it some juice
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broadfeet
Member |
06-May-2011 15:40
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sorry it should be 2.73 support | ||||
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broadfeet
Member |
06-May-2011 15:36
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sar is on the brink of breakdown 1.73 strong support move buy target lower to 2.68...2.62 then wait for buy signal |
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rickyw
Master |
05-May-2011 11:45
Yells: "keep happy..." |
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wew...very surprise that this can climb back...will it sustain? | ||||
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hlfoo2010
Veteran |
05-May-2011 09:36
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cleverly patched | ||||
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citrus
Member |
05-May-2011 02:37
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Always difficult to read the technicals, but I think the drop for SAR is abt done already. Our market has sold down generally cos it is retracing after the big rise after the tsunami and election worries are providing the excuse for lack of buyers. IMO investors r holding back to see first how many GRCs PAP loses and what mandate PAP has, if any. I think if PAP loses 2 GRCs or less, market will rise after that, if it loses 3GRCs or more, it will have more drop. Looking at the trading of SAR today, saw some shorting cos it is sellout period from the high volume rise day, and also some stockist was playing with the quote, buying at one price, then taking his buy and putting up to sell at same price to move the trading down tick by tick, repeating the process to depress the price. Then he'll buy one tick lower, then turn around put his buy as a sell at same price then buy one tick lower, we all know the drill, I used to do this 15 years ago when I worked in finance. Usually it is done to short or accumulate shares at a low price by artificial intraday trading. The media reports that falling oil prices dragged down SAR price? What nonsense. SAR's costs are pegged to transport fuel costs so falling oil price actually helps it. Coal price is not so eaily related to oil cost and anyone who writes like that is utterly ignorant of the energy markets. And we can't be so sure that oil prices will drop from here either. I'm not sure myself where they r going n I doubt anyone is either. Anything Goldman says in the media is crap cos it is done to help their trading--remember they called a conviction sell on SAR and then SAR went up 20% after results and Goldman was the buyer. So if Goldman says oil price will drop, I think their guess is no better than anyone's. A common mistake is dealing with a strong stock is always to hope that it will drop back alot so we can buy it cheap. If it is really a good stock there will be a lot of ppl waiting to buy on the dip, so the dips never really go down as much as we hope. Those who wait for too long usually end up never getting into the stock and miss it if doubles or triples. If I want to get in, I wouldn't wait too long. The basic strategy is always to buy on the dip(for better or worse), and the dip is here. Like the opposition says, do u have the guts to buy? |
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catalyst
Senior |
04-May-2011 19:55
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Yup, as shared before, I'm looking at 2.50-2.60. No hurry. Just need to enter at right price.
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rickyw
Master |
04-May-2011 17:17
Yells: "keep happy..." |
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Actually need to fill two gaps below until 2.55-2.56 downside more chance compare than upside
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catalyst
Senior |
04-May-2011 16:34
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You know what, you are right. Today's candle completes the island down formation. High volume. More downside to come. Stay tuned.
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hlfoo2010
Veteran |
04-May-2011 14:32
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Macquarie has raised its target price on Singapore-listed coal miner Straits Asia Resources (STRL.SI) to $3.80 from $3.40 and maintained its outperform rating. | ||||
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ozone2002
Supreme |
04-May-2011 13:55
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my hunch is that there may be support due to the dividend factor.. but based on island formation it could have another gap down... |
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rickyw
Master |
04-May-2011 11:57
Yells: "keep happy..." |
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so u suspect it will go down more further?
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ozone2002
Supreme |
04-May-2011 11:18
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straits asia formed a typical island formation with exhaustion break down gap fell 14c today to 2.74
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catalyst
Senior |
04-May-2011 10:45
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Around 2.50-2.60 good for accumulation. | ||||
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