Latest Forum Topics / YZJ Shipbldg SGD Last:2.53 -- | Post Reply |
One of China's largest shipyard
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Pinnacle
Master |
15-Jan-2008 08:42
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YZJ So they are going to design their own ship for cost saving? Look out for a technical rebound today. First level of resistance at $1.68, followed by $1.74. Strongest resistance at $1.84. had acquired 60% equity interest in the capital of Shanghai Henggao Ships Design Co. Ltd for a purchase price of RMB6.72million. |
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ygc91285
Member |
14-Jan-2008 10:50
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Another 6% dip today...this stock become a poison just within 2 trading days? |
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traderstudent
Member |
14-Jan-2008 01:12
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YZJ broke out of it's descending triangle formation with heavy volume. Notice that $1.86 has been a strong level of support so once this support is broken, there is heavy selling. The price objective approximated by the descending triangle formation is around $1.51. Coincidentally, $1.51 was the lowest closing support level in August thus $1.51 is likely to remain as a strong support technically given the confluence of the above two technical factors. The chart is available here. |
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chinton86
Veteran |
13-Jan-2008 22:02
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Down down down... |
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soloman
Master |
13-Jan-2008 20:10
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China plays - for long term (S.T) Monday will be in serious trouble for China plays or ship building plays |
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singaporegal
Supreme |
13-Jan-2008 19:56
Yells: "Female TA nut" |
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TA charts show bearish signs. Acc/Dist and Chaikin are on a downtrend. |
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Hulumas
Supreme |
12-Jan-2008 14:11
Yells: "INVEST but not TRADE please!" |
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It is down from its peak, so I 'll put Yangzijiang in my 2009 watch list. |
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Pension
Elite |
12-Jan-2008 12:09
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ha ha ha ha , many ppls are caught by surprise of yzj. |
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zhuge_liang
Supreme |
12-Jan-2008 12:01
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Yangzijiang and NOL fell as softening freight rates and a gloomy outlook for the world economy dampened investor sentiment for the sector, dealers said. "What you have is slowing freight rates, the tail end of the ship building cycle and fears of a recession in the United States, so the sector is coming off," said a dealer at a local brokerage. The London Baltic Exchange's dry sea freight index, which gauges the strength of the global seaborne dry commodities trade, sank to a 3-month low on 8/1. |
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idesa168
Elite |
25-Oct-2007 23:54
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for me 2-5 mth is mid term. Anything beyond that is long term to me |
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Forglory
Member |
25-Oct-2007 14:42
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"This counter seems to have lost it's appeal leh...these 2 days trading a 3¢ range bound" Slow and steady is good, no need to attract too much attention... |
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loyfam88
Senior |
25-Oct-2007 13:56
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Ideas, what is the time period for your mid range? |
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idesa168
Elite |
25-Oct-2007 11:36
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This counter seems to have lost it's appeal leh...these 2 days trading a 3¢ range bound. |
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Sporeguy
Elite |
24-Oct-2007 20:56
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MACD does not look good for the past 3 days. Wail till William is at close to -100 to accumulate. |
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idesa168
Elite |
24-Oct-2007 20:46
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Hi loyfam88, it all depends on your investment horizon. Any price is a good entry if you are a short term investor or punter. Buy on dips and throw on strength. I did it a couples of rounds, but prepare to cut loss if you are not zhun on the dips. If your investment is on a longer view, like what Sporeguy had mentioned in his very constructive brief, 2.30 & 2.10. My view on this counter is mid term 3.20, long term 4.50+. Please do your homework before you plunge your hard earn $$. Bless you! I am not vested yet, I am with COSCO, mother of all ships! |
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Sporeguy
Elite |
24-Oct-2007 20:37
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38.2% retracement will be at $2.30 may be a good one to accumulate. 61.8% retracement to $2.10 will be excellent catch! |
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viruz7667
Senior |
24-Oct-2007 17:30
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below 2.5 would be better to consider... |
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loyfam88
Senior |
24-Oct-2007 11:58
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For those vested and have been monitoring this counter. At 2.64, is it still a good level to go in? |
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787180
Master |
23-Oct-2007 10:48
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TonyOng76
Member |
28-Sep-2007 17:26
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Agree with you, my friend, esp on finding other potential candidates to short. Gonna work out potential candidates over the weekend and be ready to implement these. Congrats on the profit! Time to enjoy the Fri evening. :) |
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