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CSM closed up 3.33% last nite in Nasdaq ..... at price of USD 9.00. This translates to ration price of between 1.38 - 1.40 in SGX trading. Let's see if I'm right come Monday.
Might be formation of evening star if tmr end up with black candle. but evening star be can destroyed by the bulls as illustrated by the STI on tuesday :P
STATS cheonging to no-man's land.
Must thank Zhuge_Liang for useful info.
Finally ..... today's Global Testing turn?
Kelive has an interesting chart pick on 27 Oct 06 for Global Testing.
Choon.
CSM closed up 2.7% last nite in Nasdaq .... Ratio wise, it should close up between 1.36 - 1.38 today in Singapore.
Up 2.58% on NASDAQ now.
Hmm.... considering it is a slow week for US, i think this performance is not too bad. Next resistance
On STI, chartered has almost covered the gap (drop from 1.34/36 to 1.22) on 20/7/06.
Hi zujzuj,
I was referring to Chartered.
I was referring to Chartered.
Semiconductor stocks were higher in mid-afternoon trading on laggard buying, given the firm outlook for demand for chips with the launch of new video game consoles and the upcoming roll-out of Microsoft's Windows Vista operating system, dealers said.
"For the semiconductors, a lot of the negatives have already been priced in, so there could be a bit of laggard play," an analyst with a European brokerage said.
He noted that the bullish sentiment in chip stocks could be due to the rating upgrade by Citigroup Investment Research's chief US equity strategist, Tobias Levkovich, for chip stocks to "overweight" from "neutral".
"The outlook for DRAM should be quite good, with Microsoft Vista being the key driver," the analyst added.
Concurring with that view, UOB KayHian analyst Jonathan Koh said in a note, "We expect positive sentiments for technology stocks in the US and Taiwan to have a spillover effect for technology stocks on the local bourse." Koh is keeping an "overweight" rating for the local semiconductor sector, citing that the launch of new video game consoles Sony PS3 and Nintendo Wii across the US and the launch of Windows Vista will strengthen demand for DRAM.
He noted that UTAC will benefit from increased DRAM content in Vista-compatible PCs, while Chartered's production of AMD microchips could be ramped up with the launch of Microsoft Vista and spillover demand for Microsoft's Xbox due to limited supply of PS3. Global Testing Corp could also benefit as it provides testing services for baseband processors used in the PS3 via Marvell Technology, he said.
sporegal,
u refer to chartered or global or both :P
On strong uptrend now.
Out of the total, 3 transactions of 2,000 lots each at 24 cents .....
I really hope this is the start of the powerful bull run for Global Test .....
Some smart investors beginning to realise great value in Global Test ?
At 14:37 hrs (just moments ago) ... 2 big transactions of 2,000 lots each done ...
At about 10:20am, someone bought 500 lots at 24 cents.
At about 11:42am, another someone bought 2000 lots at 24 cents.
I keep collecting the laggard now ... when it comes to sector play, laggard will catch up ... a matter of time ...
So let's observe Global Test closely ...
Decent rise today.... actually I expected a 10 cent rise.... hahha...
BEAUTIFUL !
As expected. :)
OOPs .... Meant 15m volume .....