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Looks like on an Uptrend
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elfinchilde
Elite |
30-May-2007 17:08
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gah. what a miserable day on the market. hh was actually poised for breakout upwards, but got scuppered thanks to china. liverbuffet, it's a macrotrend now; the actual fundamentals for hh remains unchanged. like that 9% drop in shanghai in feb and the ones in later months. give them one or two days to recover. thing is, china is flushed with liquidity; so they can't keep out the retailers for long. the butterfly effect from chaos theory in full operation tho. does make trading everywhere else annoyingly volatile, esp if like me, you can't watch 24/7. bwah. tmrw is a hols; but not sure if shanghai on same hols? wait and see. just follow the trend. today's one is anomaly in the data, really. entire market is shot. need to see shanghai for cue. no pt jumping ahead of techs. |
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liverbuffet
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30-May-2007 15:44
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Is current price a good time to buy at 1.04 or to wait for more downside like 0.995? Need to average down cause bleeding but can hold for this FA counter. Has the trend change based on the price from 1.14 to 1.04? What is a good price to average down? Thanks |
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since77
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30-May-2007 13:26
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Much thnks, Elfinchilde and Victorian...lets watch closely.... :) |
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elfinchilde
Elite |
30-May-2007 12:13
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hi sojourner and since77, if you mean intra-day TA, then perhaps rayphua might be of greater info here. keke. but to put things in perspective: entire market is down. thus far, gainers/losers reads 172/541. so nothing out of the ordinary for hh to fall. it's a macrotrend. two large sell quotes of 110 and 176 lots (173+3) earlier in the morning: look at time of trade: the 110 thrown at 1007 hr strategically brought out the 49lots thrown at 1.06 (1057 hr) which led to 176lots thrown later at 1.05 (1107 hr). from a psych perspective, the control is at 1.07; 110 lots was your BB action. the 49 and 173 are retailers dumping. could be a depression so that friday/next week easier to pick up. since hh XD date payable is today. relatively strong support at 1.04. contra trap this week. plus profit taking from those who bought at abt $1 sometime ago. |
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sojourner
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30-May-2007 11:44
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market isn't too good today. hopefully this will rebound next week. vested too and waiting... |
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since77
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30-May-2007 11:21
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hi all, anyone can do a TA on this counter.....now at 1.05.....will 1.05 hold..... gd luck to all.....vested here.... :) |
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elfinchilde
Elite |
29-May-2007 21:38
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keke, yea dxxxxxxd. this stock is one of the last bona fide BB plays in this crazy foaming market. imagine, it's shroeders in here. what more do you need? vintage from my good old internship days. elfie's smelling blood and on the trail. patience in the hunt for this one. it's pure BBB play. dun even talk about the sBBs like for other counters. that's partly why i'm in this one, really. the game. |
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dxxxxxxd
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29-May-2007 21:34
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Greatly appreciate various insights on the 0.93 myth. I wish to comment that 1.09-1.14 yo-yo does not fall close to resistance ranges, in my opinion, there should be no panic. |
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elfinchilde
Elite |
29-May-2007 20:52
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oh yea ipunter, wish i could be a full time trader too. like, so many counters, so many techs, but no time or money to buy. mehh. same story: maintain need to break 1.10 convincingly for uptrend. utterly manipulated stock tho, so chartists be careful. very easy for BB to skew patterns since they hold majority of stock. |
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iPunter
Supreme |
29-May-2007 09:58
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Absolutely agree with Elfin... It would be really nice to be a full-time trader. |
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elfinchilde
Elite |
29-May-2007 03:13
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erm ok, can i just add on, in case ppl see price target only and chiong in to buy: not likely to be 1.58 in at least a mth. I'm vested in this for 3Q of year play really. same as engkong. sometimes you see, you buy stocks not just for potential, but what fits into your daily life too. elf got no time to monitor closely these mths; that why chose such kantangs. wish i could play tho. meh. |
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elfinchilde
Elite |
29-May-2007 03:11
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hm rayphua, might as well run the tech targets by you: my previous tech targets for this counter was 1.58, subsequent 1.85 and 2.15 final possible. do not see any need to change the above as yet. btw, when we go by the news on cna forum of their prop prices etc, 2.15 is entirely possible from an FA perspective. i had derived the above targets by comparative charting with hb, actually. not sure if you can get steady rise in vol tho. stock is rather illiquid. 300 mil float; think greater than 70% in shareholders hands of 1000 lots and above. as you can see, my gege has made me learn techs for cornered stocks rather well. sigh. |
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rayphua
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29-May-2007 02:46
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Vic, judging from TA, 1.4 to 1.5 is a strong possibility, and I'm also pretty bullish abt the 6 months more rally with the usual healthy corrections. With Elfin concurring, this is starting to look even better. Would like to see it close above 1.13 with a steady rise in volume for confirmation. |
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elfinchilde
Elite |
29-May-2007 02:30
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concur with rayphua. techs show like a breakout is likely to happen. in next few trading sessions, judging by previous responses to indicator. |
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rayphua
Member |
28-May-2007 18:21
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Great provision of FA, Vic. TA to back it up now...a breakout looks like it's about to take place. Good luck to all vested here. |
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liverbuffet
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28-May-2007 18:07
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Yo Victorian So can we see the price coming down to the placement price to average down as everyday i see is price going up which i have no issue on it. Shouldn't the price be diluted upon issuing placement shares? Shouldn't this buy in unsustainable? Is Kim Eng trading good or bad? For your advice as still losing money in this counter. Should i hold or take cut out if expecting more pushing down of prices? Thank you |
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elfinchilde
Elite |
28-May-2007 13:20
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hi dxxxxxxd, just a recap in case you're new to this thread (?): 1) hh is a cornered stock. right now, likely greater than 70% is held by shareholders holding 1000 lots and above, and they are not distributing. (if vic can confirm the figures?) 2) tight share float. even with new placement etc, the float is now 300 mil. 3) moreover, the placement was not a public placement but effectively a private one placed out only to institutions (shroeders etc): hence the discounted price of 93c. it's part industry practice to give a discount of ~10% to last traded px in such placements (tempt the BBs to bite). due to the above, even tho placement px is 93c, you'll likely not see it touch that, as the new shares effectively never hit the open market. Also the largest % of the shares are in top shareholders' hands, not open market. ie, if they don't sell, the px cannot drop that much. the technical px you could have gotten it for was the range i had called earlier, abt 95-99c. (think the lowest was 0.995 tho: further indication of how cornered this stock is). note that the above--abt share px dipping on new placement--holds true for almost all cornered stocks in the same situation. prices dip on placement only for stocks with large float in public hands. like gems, ho bee, all green, star cruises, etc. |
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sohguanh
Veteran |
28-May-2007 12:35
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victorian: margin lending is like borrow monies from legal loanshark to buy shares so when cannot pay how? margin lend is no different from casino play. no monies play no worry a ready pool of monies is there for you to borrow. shares investment are no different from gambling now if margin lending is so prevalent. Shares bought using margin lend is akin to gambling with borrow monies as since monies not yours you tend to over-play without self control and those legal loansharks like this kind of customers :) |
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shplayer
Elite |
28-May-2007 12:07
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dxxxxxd, Share placement is ancient news. |
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hogenterprise
Senior |
28-May-2007 11:47
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mkt expecting good growth from equity financing. |
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