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101-120 of 2995
Still well supported at close, so maybe tomorrow go up some more. But if gap up tomorrow, maybe I sell out some as short-term trade, cos already 2 days high vol of abt 20mill each day. Cannot chiong up forever. At some point will pullback.
Out of the 600+ I enter around 2.50, my plan sellout maybe 300, keep at least 300 as core position cos I think SAR will eventually go to $4-5, if general market don't collapse this year. If drop back after this last few days ramp, maybe I buy back those I sellout. See tomorrow how, short-term trading always have to tikam and guess--maybe sellout tomorrow is too early also, nobody knows, just guessing from past experience. I already kiasu sellout 150 today at 3.19 and 3.18, but got some more to sell tomorrow, have to see the priceaction.
SAR got news?
I don't think got any news, think SAR just going up cos more ppl interested in coal stock also cos SAR got very good results.
I reiterate SAR can go up much higher than this, cos potential very good. $4-5 is not impossible. So eventually we may see higher than 3.20-3.30. But SAR may pullback after this high volume ramp up in short-term, maybe it go up to 3.30+, then pullback to 3.00-3.10 level in short-term before it go up higher again to 3.50+(assuming market don't die).
That's how I see it.
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Published June 1, 2011
 Business Times
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Indonesia seen leading growth in coal exports
The country, already the world's top thermal coal exporter, will make up 39 per cent of global increases in coal exports, with Australia coming in a close second, accounting for 36 per cent of export growth.
'Indonesia will be the largest country for growth in thermal coal exports... (Bumi Resources and Adaro Energy) each own mines at the top of the 10 largest mine expansions for thermal exports in the world,' Rudi Vann, a coal analyst with Wood Mackenzie said yesterday, adding that six of the 10 largest mine expansions globally will be in Indonesia.
By 2020, Indonesia's annual production will be above 500 million tonnes, a more than 50 per cent increase from last year's production of 320 million tonnes. About a quarter of that, some 130 million tonnes, will be from new greenfield projects, and about 60 per cent of which will be exported.
Indonesia's coal export growth will be fuelled in large part by China and India, where power demand is expected to lift coal imports significantly over the next five years. Chinese coal imports could more than double by 2015, trading house Noble Group said, and Wood Mackenzie estimates that China, the world's largest producer and consumer of coal, will produce an additional 1 billion tonnes through 2015 to meet that demand.
But with skyrocketing demand for fuel, Chinese domestic production will lag demand.
Still, India, which will overtake Japan as the biggest buyer of Indonesian coal in 2011, will stay ahead of China in the competition for supply from Indonesia, where it gets most of its exports.
The more than 50 per cent surge in Indonesia's coal production will require significant investment, particularly as newer mines move farther inland, requiring additional infrastructure for export.
'With opportunities for thermal seaborne exports, Indonesia needs to continue to attract new investors to sustain production increase ahead of its largest competitor - Australia,' Mr Vann said.
Despite complaints from some in the industry that Indonesia's recent overhaul of mining laws has stymied growth, Wood Mackenzie said Indonesia is relatively well placed to attract investment. -- Reuters
(NUSA DUA, Indonesia) Indonesia will lead global growth in thermal coal exports in the next decade with producers Bumi Resources and Adaro Energy becoming two of the top three coal exporting companies worldwide by 2015, energy consultancy Wood Mackenzie said.
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i think tomorrow will inch up a little bit more. can try to catch the top. really just hazarding a guess, since thats usually how stocks behave.
i would short if i got cfd account. dont dare to do intraday, might not even get to earn back commission charges. haha.
anyway, decide for yourself! i am young and ignorant. dont take my words for it.
eplepl ( Date: 01-Jun-2011 17:08) Posted:
did u short too ?
bryancbq ( Date: 01-Jun-2011 15:34) Posted:
| isolator shorting this ah |
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Power 3.2. Tml will be down liao
did u short too ?
bryancbq ( Date: 01-Jun-2011 15:34) Posted:
isolator shorting this ah?
Isolator ( Date: 01-Jun-2011 15:28) Posted:
| I am not going to cut, but averaging the short later on when needed... |
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haha. i will do that if i can! but i not in singapore. wont be back till a month later. =/
limkt009 ( Date: 01-Jun-2011 15:48) Posted:
Go set up one tmr....
bryancbq ( Date: 01-Jun-2011 15:43) Posted:
| sianzzz.i wanna short also. but no cfd account. zzz |
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Yes shoot past target price.....
发 财 arhh.........................risktaker ( Date: 01-Jun-2011 15:00) Posted:
This stock almost reached my friends target we will take profit soon. Good Luck
risktaker ( Date: 20-Apr-2011 10:57) Posted:
| well this stock is pretty cheap now with its current earning report. my friends believe it will crack 2.70 easily n will hit new high of 2.98 upon getting the license and over 3.20 by year end.
Straits Asia will performed very well this year due to coal demand from japan n india. good luck.
BOSAYOR
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Go set up one tmr....
bryancbq ( Date: 01-Jun-2011 15:43) Posted:
sianzzz.i wanna short also. but no cfd account. zzz.
rotijai ( Date: 01-Jun-2011 15:42) Posted:
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sianzzz.i wanna short also. but no cfd account. zzz.
rotijai ( Date: 01-Jun-2011 15:42) Posted:
i joined u )
Isolator ( Date: 01-Jun-2011 14:26) Posted:
| I have tried a small short poistion at 3.16... |
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i joined u )
Isolator ( Date: 01-Jun-2011 14:26) Posted:
| I have tried a small short poistion at 3.16... |
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congras :)
IVANTAN75 ( Date: 01-Jun-2011 15:24) Posted:
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isolator shorting this ah?
Isolator ( Date: 01-Jun-2011 15:28) Posted:
I am not going to cut, but averaging the short later on when needed....
freeme ( Date: 01-Jun-2011 14:41) Posted:
| i also test water sell at 3.1 |
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haha sian... ming ming wan to wait buy itch hand..
over 3.23 will try again
Isolator ( Date: 01-Jun-2011 15:28) Posted:
I am not going to cut, but averaging the short later on when needed....
freeme ( Date: 01-Jun-2011 14:41) Posted:
| i also test water sell at 3.1 |
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I am not going to cut, but averaging the short later on when needed....
freeme ( Date: 01-Jun-2011 14:41) Posted:
i also test water sell at 3.17
Isolator ( Date: 01-Jun-2011 14:40) Posted:
| test water for now....lol |
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Sold at 3.18
This stock almost reached my friends target we will take profit soon. Good Luck
risktaker ( Date: 20-Apr-2011 10:57) Posted:
well this stock is pretty cheap now with its current earning report. my friends believe it will crack 2.70 easily n will hit new high of 2.98 upon getting the license and over 3.20 by year end.
Straits Asia will performed very well this year due to coal demand from japan n india. good luck.
BOSAYOR
SGG_SGG ( Date: 20-Apr-2011 09:19) Posted:
| Can't even hit 2.70.... bummer!
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i also test water sell at 3.17
Isolator ( Date: 01-Jun-2011 14:40) Posted:
| test water for now....lol |
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test water for now....lol
i will come in and support u soon..
tml maybe a better day short since tonite dow likely to stay green also
Isolator ( Date: 01-Jun-2011 14:26) Posted:
| I have tried a small short poistion at 3.16... |
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I have tried a small short poistion at 3.16...
