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Ferrochina
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singaporegal
Supreme |
01-Mar-2008 21:16
Yells: "Female TA nut" |
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Hi Brendan982201, The TA signals have changed rather abruptly over the last few days. It now looks bearish to me. |
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stevenkoh1981
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01-Mar-2008 14:40
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I see the TA give false signal, this is still on selling time,. Maybe I am wrong.
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Brendan982201
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01-Mar-2008 13:33
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macd is pointing trend change though it is a white candle stick on last closing. Price pointing towards lower MA band.any comment, anybody? |
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Brendan982201
Member |
01-Mar-2008 13:28
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singaporegal, still bullish for ferro?.i interpret it change in trend(is something wrong or confusin?) |
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evercare
Member |
29-Feb-2008 15:59
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ferrochina is back in business, for some reasons... 
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Arbitrager
Senior |
28-Feb-2008 17:34
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yep.. sure! |
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elfinchilde
Elite |
28-Feb-2008 17:26
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hey, could we shift this to the fellowship thread so as not to derail the FC thread? thanks. help much appreciated. :) |
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elfinchilde
Elite |
28-Feb-2008 17:21
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thanks arbitrager and eldarchen. yea, have that brochure already. need to check it out. either 1 or 5 of your options. will it help any if i say i survived last year and this jan-feb? (and in fact making profits, despite not being able to short)... 
don't quite want to do futures, altho if it helps secure a future, i guess it's just a couple more exams (kiasu singaporean. heehee). I'm definite in that i want to do only equities, and i just wanna trade. oh man. are ALL of you in the trade? 
paiseh. that means i've been talking to ppl who know.  |
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Arbitrager
Senior |
28-Feb-2008 17:05
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hi eldarchen, you are in this trade as well?? y so secretive?? nothing to hide.. lolz.. not zombie in the closet ah.. lolz... well, there are namely 5 types of dealers/traders 1.) Remiser (own biz, get your own clients, help them execute etc) 2.) retail execution dealer (work for a securities firm, help company's clients execute trades) 3.) insti execution dealer (help institutional client execute trades) 4.) sales trader (need not execute, just need to give trading ideas and canvas sales etc) 5.) proprietary trader (company give you a trading limit to trade, make profit and profit share) |
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Arbitrager
Senior |
28-Feb-2008 16:56
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okie.. firstly, to get securities dealing licence you have to take CFMAS M1A (SGX rules and regulations) if your company is SGX ST member and M6 (Securities Products and Analysis). If you are banking/finance, accounting or economics graduates, you can get exemptions for M6. unless you wan to do futures trading, then you have to take M2 and M7. For fund management, you have to take M3 refer to this website for details, http://www.ibf.org.sg/download/cmfas_brochure.pdf I think you are refering to being a propriety trader, whereas you trade for the company you work for and you can profit share if you earn from the trade. Yes, alot of banks and securities firms hire these prop guys.. they are most active now, during volatile mkt.. they are like hedge funds.. no mandate.. directional traders.. Ya, that SG guy is a futures proprietary trader. he trade in financial futures i think.. Unless you have prior dealing/trading experience, if not its hard for you to join them. |
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Eldarchen
Member |
28-Feb-2008 16:52
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Yo elf, some things not too conv to say here which IBS modules do i need to take, if i should wish to trade only securities, globally, perhaps with an option into fund mgmt? i know for sure one of the 1s (A or B?), and 6. The question is, is it necessary to take 2 and 7 (for futures)? you need 1 6 and 5 if you have clients, don't need futures Actually, i just want to be a trader. as in, they give me a fixed sum, i play, and whatever i make is the profit for them, i take my bonus accordingly. are there such traders about? i have a sense that's what the SG guy did (before he died big on the markets). This one u have to email me ; ) Something about being a central dealer is life is bad , you have to answer to both the dealers and clients, sigh stuck in the middle. |
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elfinchilde
Elite |
28-Feb-2008 16:40
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hi arbitrager, ah good, someone who knows. have been trying to find out: which IBS modules do i need to take, if i should wish to trade only securities, globally, perhaps with an option into fund mgmt? i know for sure one of the 1s (A or B?), and 6. The question is, is it necessary to take 2 and 7 (for futures)? 3 would be likely so as to allow option into fund mgmt. Actually, i just want to be a trader. as in, they give me a fixed sum, i play, and whatever i make is the profit for them, i take my bonus accordingly. are there such traders about? i have a sense that's what the SG guy did (before he died big on the markets). |
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Arbitrager
Senior |
28-Feb-2008 16:26
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hi elf, you wan to be dealer ah.. Do you have any degree in banking/finance or economics.. if yes, you can get exemptions for CFMAS M6 paper. if not, you have to take both CFMAS M1 and 6 to get a licence after you get into a brokerage firm.. be it local or foreign house. u wan to work as insti dealer or retail dealer? i got lobang for retail execution dealer positions. |
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elfinchilde
Elite |
28-Feb-2008 16:23
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no prob...careful, counters are not holding up very well. eldarchen....define lobang....what, where who etc....  |
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evercare
Member |
28-Feb-2008 16:16
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thanks elfie for the lesson on TA/ FA. all the best for the lobang from eldarchen |
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Eldarchen
Member |
28-Feb-2008 16:10
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Haha u wanan be trader, I got lobang, wanna email me bo? eldarchen@hotmail.com |
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elfinchilde
Elite |
28-Feb-2008 15:19
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??? what chaikin line coupled with bar chart? o_0 the chaikin line (on SJ) is separate from the bar chart.... it measures buying/selling pressure. line goes up means more buyers. line goes down means more sellers. The value is used relatively, as an indicator. eg, if within two days it suddenly dips from say, +100k to -700k, while price is still constant, that's definitely a signal of bad things to come. note: not all stocks respond to chaikin though. yzj is one of those. yah. i wanna become a trader. can anyone tell me which IBS exams to pass? hehe. anyhow, FC appears (for now) to be holding up the 1.37. now that it's broken the 1.35 resistance (note: post of 1035 am was for intraday) that means range bound 1.35 to 1.4 for now. for longer term: watch friday; will be crucial. |
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Eldarchen
Member |
28-Feb-2008 15:06
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oo btw i was looking at the chaikin function u mentioned previously, theres 2 lines, 1 is the MA and the other is the chaikin line coupled with the bar chart, eh how do I depict the chart? what does the chaikin line mean and there's also a value there, what does that mean also.... |
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Eldarchen
Member |
28-Feb-2008 15:02
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lol elf your in the wrong line previously, u should be in the stock market !! hehe |
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elfinchilde
Elite |
28-Feb-2008 15:00
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yes. if you look at the BUSD, esp if you can track counterparty. BBs are mainly selling. now and then you see a random large (50-100 lots) buy up. that's either to maintain the price, or some gungho retailer. But when the large lots consistently show sell, then that's the direction it's headed. Sometimes it's short covering, sometimes it's gungho retailers, sometimes it's an attempt to not let the price drop down obviously. Most clearly seen recently on centillion. Large lots thrown at 3c, but in between, single lot buy ups at 3.5. Common sense: who on earth would buy single lots of a 3.5c counter?! the brokerage would kill. Hence: likely a cover up. Large scale distribution, masked by constant price due to single/small lot buy ups. BUSD will show all this. FA = fundamental analysis. FC is a growth stock, hence its PE ratio and book to price is relatively at a premium (as are the other S stocks) compared to other stocks. Fundamentally, this is presumably justified because such counters grow fast, and justify their high forward PEs with high profitability and earnings in future (think 50% growth etc). However, in a volatile market, there's a return to safety. ie, on strict FA terms, not more than 3x book to price ratio. Most would sell at 3x book to price ratio, preferring 2-2.5x as a better gauge. So FC's fundamentals: from their last AR: 3Q results in 31 Oct 07: net profit increased an eye opening 87%. net assets 3.6bil from 2.9bil the previous 3Q. However, as with yzj, debt has pace-by-paced increased, and cash flow decreased. EPS 23.09 cf to 15.66 previous Q. (in RMB) NAV 311.64 vs 239.15. All respectable figures. Only thing is: volatile market. flight to safety. growth stocks are no longer attractive. Hence, highest fair value (by FA) for FC is 3x NAV, ie ~1.87. By technicals, this would be a strong resistance. It appears however to be rerating back to 2x NAV. hence the stronger support, fundamentally and technically, is ~1.25. (note intraday range of FC is approx 10c on ave.) |
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