Latest Forum Topics / COSCO SHP SG Last:0.136 -0.001 | Post Reply |
CoscoCorp
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stockseeker
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26-Apr-2008 10:44
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Agreed. It's price is pretty hefty at the moment. Then again, might enter if this ship sails northbound in the week ahead! :P Those who bought it at 2.85+ (during the massive selling period) must be laughing their way to the bank!!! BULL RUN??? AKAN DATANG!!! |
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Stupidbear
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26-Apr-2008 01:48
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Well, I'm actually not bullish on this counter @ that price =) Entry price is not tempting enough =p
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paulcbc
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25-Apr-2008 15:59
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Bad News ..... now must see if their confirmed order pipeline for 2008 will be able to withstand external news onslaught. On the other hand, there was also a report yesterday about China wanting to build more oil tankers as soon as possible to alleviate their dependency on tankers from other nations, with particular view on protecting their national security. |
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Henry$$$
Senior |
25-Apr-2008 14:11
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DJ MARKET TALK: UBS Tips 2008 Global New Ship Orders To Fall 33% 0227 GMT [Dow Jones] UBS expects global new ship orders to fall 33% in 2008E and 17% in 2009E, expects 2008 bulker demand to fall 50% on-year, container ship demand to fall 23%, but forecasts tanker orders to rise modest 8%, LNGC orders to be firm. "Despite global orders slowing in 2008, we forecast orders at Korean yards to rise based on flight to quality, price competitiveness helped by a weak Won and a shorter backlog, which should support near-term share prices;" however, views current share price strength as unsustainable due to sharp rise in input costs, risk of cash usage. Expects healthy offshore contracts due to high oil prices, replacement demand, increased E&P activities. Tips top picks as Singapore yards Keppel Corp. (BN4.SG), SembCorp Marine (S51.SG) in slowing shipbuilding market due to focus on offshore platforms. Says likes Daewoo Shipbuilding (042660.SE) on M&A theme, but downgrades Hyundai Heavy Industries (009540.SE) to Neutral from Buy. Views Chinese yards as oversold. Likes Mitsubishi Heavy (7011.TO), prefers GEA Group (G1A.XE) among equipment suppliers. (LES) |
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XiZi88
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25-Apr-2008 12:13
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It wil need to break 3.7 before any upside.... I guess... |
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paulcbc
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25-Apr-2008 11:47
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trust the chart and follow the trend. :) | ||||
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Fairygal
Veteran |
25-Apr-2008 10:45
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Looks like invisible hand will not let it go below 3.41, current support is 3.45. | ||||
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louislauwm
Member |
25-Apr-2008 09:53
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haha.... real or not .... as long it is able to hit above $4 ... happy liao... dunno when is the day hopefully it can go back to its glory days.... may take few yrs time |
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revenant
Member |
25-Apr-2008 09:41
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Wait for its positive results next Wednesday. My intrinsic for it is $4.57, 30% growth with 5% risk free discount.
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ljkeong
Senior |
24-Apr-2008 22:51
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Is the big boat now already at the dock? or still at the sea fighting the waves? I think the big boat already at the dock and making a last call. It's going to pull up the anchor soon. What do you all think? |
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paulcbc
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24-Apr-2008 17:34
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Hi Sbear, thks for your view. Uh.. our views where got different? We are both bullish right? I took my retracements from two points. One is taken from the lowest point $2.40 in Mar 07 to the highest point in Oct at $7.90. This gave me the 1st retracement of $3.70, just under the neckline of $3.80. Then, I took a second retracement measurement from my point of purchase at $3.03 to the highest point at $7.90 again. That gave me the rest of my 4 targets. At the end of the day, I feel that price of the stock was heavily discounted. I did a little research on my own on the company, and felt that it is possible for the price for Cosco to go up barring any unforeseen bad news. So I took the plunge lor. :) Having said that, I don't play margin, trade on borrowed money, am comfortable to hold for a while. I think today's flat closing is just a slight pause, possibly pulling back a little before going up again. All these just my honest opinion hor.. as you state, Caveat Emptor. :) Hope that everyone will earn. Paulcbc
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cathylmg
Elite |
24-Apr-2008 17:21
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I left a message at you shoutout box.
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Stupidbear
Senior |
24-Apr-2008 17:13
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Think - Rising price, falling volume. Fibbo for cosco? U using retracements? Is there a need to use that range, with the resistance being 3.80+ I've posted something which I think is different from your view @ www.bear-analysis.blogspot.com Let me know your views and how you get your retracements.
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freeme
Elite |
24-Apr-2008 17:10
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ya.. v suddenly selling.. duno what happen. only hongxing hold and chong up further up.. | ||||
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des_khor
Supreme |
24-Apr-2008 17:05
Yells: "Tell me who is the God or MFT from this forum??" |
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where got up all the way one ... sometime must breath a while then continue the uptrend... | ||||
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paulcbc
Member |
24-Apr-2008 17:01
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:)
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cathylmg
Elite |
24-Apr-2008 16:56
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siao liao. lucky didn't chase when I saw the price going up. | ||||
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freeme
Elite |
24-Apr-2008 16:32
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Suddenly there is so much selling.. other china stocks also.. Due to neg dow future? | ||||
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tfk333
Member |
24-Apr-2008 16:24
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Thanks for your advice. The resistance at 3.69 seems very strong. A lot of shortist at play too. If the close is anything below 3.65 then the trend should be reversing soon. Am queueing at 3.68. At least I will be able to use the profits for my month long trip in South Africa. :) | ||||
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paulcbc
Member |
24-Apr-2008 16:15
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I'm also vested since 3.03, and averaged up at 3.51, averaging to 3.19. This is a up trend run created by a double bottom. The technical objective is about 2.5 times the size of the double bottom. I have 5 target objectives, the first one being $3.70, and the 5th being $6. This I obtained from Fibonacci retracements. I'm still in the game, and am watching carefully to make sure the objectives are reached. Barring bad macro/micro news, I feel it should be ok, but watch carefully over the next few resistance lines. If you are not sure about the technicals, you should be a lot more careful. Make sure you have a clearly defined stop loss.
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