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ST Engg
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HLJHLJ
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10-Jul-2008 12:46
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Thanks. What I meant was the time frames to cover up weredifferent. Just my thought only.
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redash
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10-Jul-2008 11:55
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What about Puts warrant? He told me the banks earned it mostly. Not very good for retailers. Not sure if it is true? Sorry I have to be frank, I know NUTS (READ: NOTHING) about warrants >_< One thing at a time for me, still learning and sharpening my TA till "Jzai Jzai" (Steady) first on stock chart then slowly from there I progress, I dun wanna become a "Half filled water in every buckets" but a Bucket Full whereever I go Sometimes trying to learn many different things at one shot only confuse you and in the end you felt exhausted, yet worst of all, learnt nothing and even worst, lose money and time ... Xo( Careful Trading and Happy Learning, I=^D |
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trader88.sg
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10-Jul-2008 08:27
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Odds mainly against her for shorting? I do not think so. If you stick to TA, going long and going short will have the same probability of making profit. |
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HLJHLJ
Veteran |
10-Jul-2008 00:55
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Elfin, What about Puts warrant? He told me the banks earned it mostly. Not very good for retailers. Not sure if it is true?
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redash
Member |
09-Jul-2008 09:25
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Listen to CWQuah, Fu He is spoke the truth, sry here as I am intra-day not really into Long-term ;-) |
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CWQuah
Master |
09-Jul-2008 01:00
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Hi Famasutika, Based on the timeframe you mentioned, I presum you're a long-term investor, no? If so, if you have no urgent need for the cash already invested in ST Engg, and don't mind earning the annual dividends (normally around 10-15c, check the SGX announcements), this is still worthwhile as a LONG TERM holding. Treat this counter as a conglomerate (core business in aerospace, defence engineering (naval/ground vehicles/aircraft), and electronics). Temasek is a key investor in this stock. So it'll be a bit more like a defensive blue chip stock. Of course, if you have extra spare cash that's not needed for a few years, consider Elf's dollar-cost averaging technique. I.e. average down by buying a few lots of shares at lower prices, spread out over maybe a few quarters, as and when the price is below intrinsic value. That way you build up a portfolio of blue chips at cheaper average entry prices. Do note that when I mentioned the range of 2.64-2.76, it is meant as an estimate for the INTRADAY trading range tomorrow. Note that this stock's range normally doesn't vary this much, so happens that last 2 days are far more volatile than normal. |
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redash
Member |
08-Jul-2008 23:02
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famasutika At 3.20++ My only take will be to minimise my losses... There might be a small cattle (baby cow) during the Beijing O'Game but that will be the final one... so release whatever bad stock positions you might had at that time... that period might be the best time to release... cuz if you drag till Nov... I can only say "God Bless the Lost"... One thing you MUST insert into your trading discipline if you haven... Be Grateful you can lost less In a BAD ROTTEN position 
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redash
Member |
08-Jul-2008 22:56
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2.64-2.76. That is the band range back in Jun 2006 ~ and the MFI is also closely similar... Nice Analysis anyway, I will be watching this one closely tml =^D |
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famasutika
Member |
08-Jul-2008 22:50
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I bought ST Eng at high price, > SGD 3.20, may I know what's the advise for the next 6 months. To keep or cut loss? Is it worth to keep this share for another 6 months? |
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lookcc
Master |
08-Jul-2008 20:38
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q 2morrow b4 9 a.m. at $2.64 | ||
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CWQuah
Master |
08-Jul-2008 17:52
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Next day's likely range is 2.64-2.76. However I'm more receptive to the idea of a possible support at 2.7/2.71 especially if 2.75 breaks again. Quite sure there will be pretty heavy testing at this zone though. Still likely to see some selling pressure so no need to go heavy longs yet. If somehow the bulls win indeed, likely resistance at 2.82.
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elfinchilde
Elite |
08-Jul-2008 17:50
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yea, it dropped that much that's why caught my attention too. hehe. and in case anyone is wondering, no, i'm not vested, despite my frequent postings here. DJIA likely to break its 11,100 level. bleah. HLJHLJ, whatever you do, don't enter your final salvo yet pls. meanwhile, it's back to hamster position and  while the lights are out over the market.
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redash
Member |
08-Jul-2008 17:46
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I agree LOL The market is unstable now ... you know... the "tireness" before the "fever"... I was kinda surprised that ST Eng can drop so much thats why it caught my attention last week.... But this weeks seems kinda ... "not for me" =P |
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elfinchilde
Elite |
08-Jul-2008 17:29
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MACD and pure px/vol charting to call the levels. long term techs. can't remember if i posted up its charts or if i posted for UIC.... 
really, this counter isn't for short-term scalping. not volatile enough. if you look at its charts, it's about 1 rebound per month only. That's not good enough for fast action. in fact its current movement the past two weeks were atypical. which gives the bigger picture that the foreign funds are really desperate to raise cash, such that they're selling off a stalwart, which is also the signal to stay out of the broad market. this was like, 2 weeks ago. and that's also why i've been a elf. heck, i don't even bother to wake up til 1 pm.
cheers. |
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redash
Member |
08-Jul-2008 17:24
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Expect more selling if this closes at 2.74. If the BBs are still there then this may close 2.75/6.B Somehow I do not think the selling will go far... in fact from the look of that it may go up any time... trade with care... Eflin, What tech you using for this counter? I am rather new to this counter ... |
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elfinchilde
Elite |
08-Jul-2008 17:20
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hair problem.  *chokes on giggles, apologises*
what's PVT and CLV?
ooh, CWQuah, spot on about its closing. 
nopers on candlesticks. that doesn't go for this baby. and to the popcorn chewers, please, i'm calling for longterm. So don't go in for a couple of days and complain that it's dropping.  of course it's dropping! look at the broad market! besides, that's exactly why you need three strikes.
over and out! tonight's gonna be fun. ooh. hehe. |
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redash
Member |
08-Jul-2008 17:10
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Yo Eflin, The normal tech I am using with other people, MFI PVT CLV etc those in the textbooks Sry if the word "pummel" is kinda too strong, just I hate to mention the word "scalp", cuz it reminded me of my hair problem... >_< U must be using Candle Stick rite since you can "see" the clear direction... I am used to bar charts as I prefer to look at the movement of spread =-D |
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CWQuah
Master |
08-Jul-2008 17:03
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Expect more selling if this closes at 2.74. If the BBs are still there then this may close 2.75/6. | ||
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elfinchilde
Elite |
08-Jul-2008 15:58
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what techs are you using, redash. quite clear which direction it's going, if you cut out the white noise. the only qn is the level of the rebound. and i don't quite think you can call a daily range movement a 'pummeling'. (-_-").....you appear to be talking short term scalps, in which case, this counter wouldn't be part of your selection. there are plenty of more volatile and profitable counters for scalps. |
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elfinchilde
Elite |
08-Jul-2008 15:47
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yups 178. when i read reports, it's less of the target px i focus on, or their calculations, but what the coy has in store, what's the headwinds it faces etcetc. It gives you a better sense of the business, which then affords confidence in your investment. The trouble though, is that most retailers don't bother to read the fine print: they only look for the target px part, which is where it gets dangerous. yea redash. there's one controversy over CFD: which is that the houses which own the accounts know what's going on. they know the amt of shorts/longs for each particular counter. and more importantly, the prices at which forced closing will take place. hence they can take contrarian positions to force out the small hands. that's why i personally do not like CFDs here, and why i don't go short in the s'pore market: for small punts, ok, but as serious investment for longterm, no go: you are too easily tracked. Long term (for the decades that one is in the market), it only means you're likely to lose. The advantage, always, is to the House. Besides, the idea of a technical scalp is to move swiftly and stealthily. why be leaving footprints and fingerprints all over, and getting booted out. |
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