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this counter is highly speculated.... my personal view is.... some big boy is collecting.... the way they play in the range of 23 cents to 32 cents... they do not want to push up the price, but love to accumulating the shares at this stage.. that's how I feel it...
but, semicon industry? forget it... it is a dead field.
Is there such thing called a double bottom ? Does these things still work ?
Impossible for anyone to take over this company. It seems the only way for it is to decline further. IMO only.
some movement in this counter..
from charting and vol stand pt..lookin bullish..
take over materialising?
Looks like Chartered to break 0.34 soon....
Hi ngchunleng,
This counter is ALREADY a penny stock. I'm studying the volume chart. It seems that BBs have already made their moves in the past few weeks and volume for this counter will start to dry up again.
When that happens, I expect the price to trade in a tight range - like in mid-Nov 2008 to early-Jan 2009
Anyone of you have any thoughts about this counter? Amid losing money trend, will this counter face liquidity issue and may need a bailout? My ultimate concern is will this counter drop till penny stock eventually?
I was thinking about buying some of this since it's quite high volume and seems to be volatile.
But I guess not. Better to play safe.
Chartered is heading towards resistance 34c.
They were too generous with their assessment. It looks like a 1 cent company to me.
jackjames ( Date: 02-Feb-2009 22:37) Posted:
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I think you should say from 1.05 to 23cts is ouch......no matter which planet you come from.
From 23cts to 11cts, is really OK !!! And it is only 11cts to zero.
For every dollar have already loss 80cts, is there any other losses to up the ante ??
I think the agony is the long, fruitless, slow and painful journey down the hill.
And we are not even seen the full force of the recession. Time and time again, this stock is pumped and dumped.
I am not some investment guru, but averaging is no good, to sell is about total impairment.
Trading play may be the only option left.
BTW CIMB say OUTPERFORM, OCBC say SELL and DBS say HOLD. What a spread in opinions.....
jackjames ( Date: 02-Feb-2009 22:37) Posted:
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OCBC gives a fair value of $0.11 , ouch.... http://www.remisiers.org/research//Chartered%20Semicon-090202-OIR.pdf
Maybe because this stock is in Intensive Care now. Not much hope liao.
scotty ( Date: 01-Feb-2009 10:59) Posted:
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How come chop 600 jobs but share price didn't go up?
Looks more like cut loss and never turn back lol
Hulumas ( Date: 30-Jan-2009 09:08) Posted:
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Even in good times, Chartered performed below expectations. In times like these, I don't think we can really expect much from them.
Maybe the company would be better off merged with a bigger and more profitable rival.
CIMB-GK issues Outperform on Chartered today.....
Dunno how to rate charter like never make a full year profit before.. Keep taking money from investor, investor will one day be sian.. lol
Updated news.
'A quick recovery is nowhere in sight,' Chartered chief executive officer Chia Song Hwee told Reuters in a telephone interview.
He said visibility beyond the first quarter was not clear but his company had no plans currently to either shut down factories or sell facilities.
Chartered swung to a quarterly net loss on sluggish demand for chips used in computers and other consumer gadgets. -- REUTERS
TAIPEI - Contract chip maker Chartered Semiconductor Manufacturing sees no quick recovery in demand, its chief executive said on Friday, after the Singapore-based firm posted a fourth-quarter loss.
Thank you, anyway "Buei Ta Han Liau". Keep dropping and do not know what price is the bottom?
ticklish8 ( Date: 30-Jan-2009 09:30) Posted:
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