Mermaid Maritime    Last:0.101   -

Mermaid

Hello all, I made some money at Mermaid, my first trading counter before SEEKING out for Bintang again and realised that he was in Epure.  Bintang did  not call us over to Epure.

No regret also at Epure, my second trading counter, made some money and loss once because I enter at the

wrong price. It was a good learning experience but definately not kicking my backside.  

Bintang commence my respect.

cheongwee      ( Date: 27-Sep-2009 13:17) Posted:

tess35      ( Date: 28-Sep-2009 13:06) Posted: I am a total newbie who have been eyeing this forum for quite sometime. I remember the time CW strongly called for SAR back in July, I think, and I was one of those swayed to jump in at 1.79. However when SAR freefall to 1.56 after that active strong buy-call- CW hibernated. CW threatened to permanently hibernate when confronted afterwards.   I learned the hard way that the only resource I have is my own TA/FA analysis. ‘Though I have to admit that my biggest flaw is trusting my own analysis.   Bintang is a well-versed chartist in my opinion. He does not make strong buy/sell call based on smoke. No sensitive hearsay info from friends. He gives valid verifiable opinion that is chart-based. I am convinced that this guy does not benefit in the expense of newbies like me. And if anyone here is to say “no offense taken”- it should be him. cheongwee      ( Date: 27-Sep-2009 13:17) Posted: yes,,dear...but even today compare to your epure ...when you went over to Epure,and suggest all your guy and gal to go there...they faster follow you very fast and happy....., have u forgotten, just ard Apr...,both was ard 40c then....if i am not wrong..they must be kicking their backside now.. in fact, i was calling mermaid ahead of you..telling ppl it was economic moat..so on and so on..i can alway go back and paste it here for you... look which is better now..even if with the right issue cause it to drop...it is still 1 dollar.and abv...you cannot buy below one dollar now..it is history....so dont we are not scare ..we are profit many times over...hehehehehe and i am seeing 1.4 ...but your chart tell you 1.11...never mind..it is still better than stay in epure.. is epure 1 dollar???..epure today is just mere 62c..50%.increase..very poor performance..consider this rally ..it is a non performer...very bad,,,call.... .look my mermaid..40c to 1.16...190%!!!...what happen to all your TA then.on mermaid and epure...what mistake you make....can you pls tell us, so we dont make the same mistake as you.. pls share with, with the rally getting toppish we cant afford to make mistake...thks you in advance, for telling us your mistake, so we dont follow...like i tell other abt my mistake..... we do have mistake...but i am lucky to make less...wish me luck..

 

Cheong Wee,

I agreed with that. After all, buying at the right time is the very first priority. Buying to keep long term is another thing. What I see is, if you buy now, you are willing to risk $ money to secure the shares.

Scenario:

Just like buying property, you see you like this condo very much, so you place $ dollar of money to secure it quickly and hope it will go up, likewise this is the same. So, those people think it will boom after dropping to certain level, then they will buy.

But those people feel that it worth this money before rebounding, then will wait to get the "Maid" for service.

rgds,

star-trader

 

 

 

Bintang      ( Date: 28-Sep-2009 12:48) Posted: U are welcomed cheong wee , I m just alerting those who are trying to go in at this peak n get trapped . Of course mermaid is good FA stock worth keeping , but must go in at the right timing -- after the correction to a reasonable price . I would check n let u know . cheongwee      ( Date: 28-Sep-2009 12:40) Posted: thanks for shaaring, but i am holdiing this stock fundamental wise..i believe it is SAR equal or better. i dont know how to get in and out to my benefit...i am very lousy..in this truly.. what i do is , if i strongly believe and hearsay this one is good, i will buy more.along the way....of course, the hearsay must be sustantial.,and those who pass me , i got reason and experience with them that  they are most likely to be right... i dont anyhow buy on rumour, otherwise buy toto better.. look guocoleisure is holding well...i bought today again at 77.5c ...and guthries and metro last wk little. i have alot of mermaid..hope dow no problem, if it collapse...all game over immediately..i will be out.. thank bintang....for willing to share..

 

Thanks tess35 , for your comments n advices . From the first day I stepped into this forum , I told my self  I  m here to give my personal views on charts n exchange pointers , not to argue or fight over any disagreements . I too made mistakes , n also learnt from the mistakes I made .Especially I have learnt alot from those seniors like richtan , ristaker n cheongwee etc . And I had promised to richtan , I will try my best to help the new forumers here , n until  now  I m still working very hard to keep my promise to my best friend . Regards .

tess35      ( Date: 28-Sep-2009 13:06) Posted: I am a total newbie who have been eyeing this forum for quite sometime. I remember the time CW strongly called for SAR back in July, I think, and I was one of those swayed to jump in at 1.79. However when SAR freefall to 1.56 after that active strong buy-call- CW hibernated. CW threatened to permanently hibernate when confronted afterwards.   I learned the hard way that the only resource I have is my own TA/FA analysis. ‘Though I have to admit that my biggest flaw is trusting my own analysis.   Bintang is a well-versed chartist in my opinion. He does not make strong buy/sell call based on smoke. No sensitive hearsay info from friends. He gives valid verifiable opinion that is chart-based. I am convinced that this guy does not benefit in the expense of newbies like me. And if anyone here is to say “no offense taken”- it should be him. cheongwee      ( Date: 27-Sep-2009 13:17) Posted: yes,,dear...but even today compare to your epure ...when you went over to Epure,and suggest all your guy and gal to go there...they faster follow you very fast and happy....., have u forgotten, just ard Apr...,both was ard 40c then....if i am not wrong..they must be kicking their backside now.. in fact, i was calling mermaid ahead of you..telling ppl it was economic moat..so on and so on..i can alway go back and paste it here for you... look which is better now..even if with the right issue cause it to drop...it is still 1 dollar.and abv...you cannot buy below one dollar now..it is history....so dont we are not scare ..we are profit many times over...hehehehehe and i am seeing 1.4 ...but your chart tell you 1.11...never mind..it is still better than stay in epure.. is epure 1 dollar???..epure today is just mere 62c..50%.increase..very poor performance..consider this rally ..it is a non performer...very bad,,,call.... .look my mermaid..40c to 1.16...190%!!!...what happen to all your TA then.on mermaid and epure...what mistake you make....can you pls tell us, so we dont make the same mistake as you.. pls share with, with the rally getting toppish we cant afford to make mistake...thks you in advance, for telling us your mistake, so we dont follow...like i tell other abt my mistake..... we do have mistake...but i am lucky to make less...wish me luck..

 

I am a total newbie who have been eyeing this forum for quite sometime. I remember the time CW strongly called for SAR back in July, I think, and I was one of those swayed to jump in at 1.79. However when SAR freefall to 1.56 after that active strong buy-call- CW hibernated. CW threatened to permanently hibernate when confronted afterwards.

 

I learned the hard way that the only resource I have is my own TA/FA analysis. ‘Though I have to admit that my biggest flaw is trusting my own analysis.

 

Bintang is a well-versed chartist in my opinion. He does not make strong buy/sell call based on smoke. No sensitive hearsay info from friends. He gives valid verifiable opinion that is chart-based. I am convinced that this guy does not benefit in the expense of newbies like me. And if anyone here is to say “no offense taken”- it should be him.

cheongwee      ( Date: 27-Sep-2009 13:17) Posted: yes,,dear...but even today compare to your epure ...when you went over to Epure,and suggest all your guy and gal to go there...they faster follow you very fast and happy....., have u forgotten, just ard Apr...,both was ard 40c then....if i am not wrong..they must be kicking their backside now.. in fact, i was calling mermaid ahead of you..telling ppl it was economic moat..so on and so on..i can alway go back and paste it here for you... look which is better now..even if with the right issue cause it to drop...it is still 1 dollar.and abv...you cannot buy below one dollar now..it is history....so dont we are not scare ..we are profit many times over...hehehehehe and i am seeing 1.4 ...but your chart tell you 1.11...never mind..it is still better than stay in epure.. is epure 1 dollar???..epure today is just mere 62c..50%.increase..very poor performance..consider this rally ..it is a non performer...very bad,,,call.... .look my mermaid..40c to 1.16...190%!!!...what happen to all your TA then.on mermaid and epure...what mistake you make....can you pls tell us, so we dont make the same mistake as you.. pls share with, with the rally getting toppish we cant afford to make mistake...thks you in advance, for telling us your mistake, so we dont follow...like i tell other abt my mistake..... we do have mistake...but i am lucky to make less...wish me luck.. Bintang      ( Date: 27-Sep-2009 00:14) Posted: Mermaid retreated with the decreasing volume last few trading days , look like it is going to cover the exhaustion gap at  $1.11 .

 

U are welcomed cheong wee , I m just alerting those who are trying to go in at this peak n get trapped . Of course mermaid is good FA stock worth keeping , but must go in at the right timing -- after the correction to a reasonable price . I would check n let u know .

cheongwee      ( Date: 28-Sep-2009 12:40) Posted: thanks for shaaring, but i am holdiing this stock fundamental wise..i believe it is SAR equal or better. i dont know how to get in and out to my benefit...i am very lousy..in this truly.. what i do is , if i strongly believe and hearsay this one is good, i will buy more.along the way....of course, the hearsay must be sustantial.,and those who pass me , i got reason and experience with them that  they are most likely to be right... i dont anyhow buy on rumour, otherwise buy toto better.. look guocoleisure is holding well...i bought today again at 77.5c ...and guthries and metro last wk little. i have alot of mermaid..hope dow no problem, if it collapse...all game over immediately..i will be out.. thank bintang....for willing to share..

 

today the dollar strenghten .gold down....i was hearing this $ carry trade for sometimes already.....i hope even if there are carry trade, ..it will not be hugh as to make stock collapse...big time..

let hope and pray so..

otherwise . solid stock will crack also...

 

thanks for shaaring, but i am holdiing this stock fundamental wise..i believe it is SAR equal or better.

i dont know how to get in and out to my benefit...i am very lousy..in this truly..

what i do is , if i strongly believe and hearsay this one is good, i will buy more.along the way....of course, the hearsay must be sustantial.,and those who pass me , i got reason and experience with them that  they are most likely to be right...

i dont anyhow buy on rumour, otherwise buy toto better..

look guocoleisure is holding well...i bought today again at 77.5c ...and guthries and metro last wk little.

i have alot of mermaid..hope dow no problem, if it collapse...all game over immediately..i will be out..

thank bintang....for willing to share..

 

Infact , exhaustion gap n runaway gap have similar characteristics , that make them difficult to distinguish from each other initially . When one of these gaps occurs, immediately place protective stop-loss close to the gap price . Even if u think it would be an exhaustion gap , u don't need to immediately sell your positions . U can wait until more evidence is present .

cheongwee      ( Date: 28-Sep-2009 12:09) Posted: Ok..maybe i put it a little confuse...i thk this will be more clear... i believe all forumer here like to know what we can do with an exhausting gap...after knowing there is one.. so we can use it to our advantage, more or less...thnaks

 

Ok..maybe i put it a little confuse...i thk this will be more clear...

i believe all forumer here like to know what we can do with an exhausting gap...after knowing there is one..

so we can use it to our advantage, more or less...thnaks

 

you need not answer,,,what i am saying is ..if i am not wrong..it is consilidating...are u saying this...

and after it ding dong ard this px..ti either go up or down...but we are not sure ,right??

so , a exhaustion gap is useful to us only we can know which way it is very likely to go...up or down.....otherwise to know it is an exhaustion gap, got no implication...no benefit to know at all...

i hope no offence...thanks for sharing...

but as again, today is a lau sai day for all stock...even Epure and Midas and all well know are not spare..

cheongwee      ( Date: 28-Sep-2009 11:43) Posted: so in another word.."anticipate a time delay in the price advance or decline"..can you pls tell us, will be likely decline or advance?..i know it is not sure thing, but pls share fr experience which way it is most likely???...thanks Bintang      ( Date: 28-Sep-2009 11:24) Posted: Technical significance of the exhaustion gap : An exhaustion gap implies the end of an up or down move .After an exhaustion gap , we can expect an area pattern to form that eventually leads to price continuation or reversal .Even if the price does eventually continue in the direction it was moving prior to the exhaustion gap, anticipate a time delay in the price advance or decline .On the day following a gap , if a reversal day develops with the closing price back to near the edge of the gap , it is extremely probable that the gap is confirmed an exhaustion gap .

 

so in another word.."anticipate a time delay in the price advance or decline"..can you pls tell us, will be likely decline or advance?..i know it is not sure thing, but pls share fr experience which way it is most likely???...thanks

Bintang      ( Date: 28-Sep-2009 11:24) Posted: Technical significance of the exhaustion gap : An exhaustion gap implies the end of an up or down move .After an exhaustion gap , we can expect an area pattern to form that eventually leads to price continuation or reversal .Even if the price does eventually continue in the direction it was moving prior to the exhaustion gap, anticipate a time delay in the price advance or decline .On the day following a gap , if a reversal day develops with the closing price back to near the edge of the gap , it is extremely probable that the gap is confirmed an exhaustion gap .

 

Technical significance of the exhaustion gap : An exhaustion gap implies the end of an up or down move .After an exhaustion gap , we can expect an area pattern to form that eventually leads to price continuation or reversal .Even if the price does eventually continue in the direction it was moving prior to the exhaustion gap, anticipate a time delay in the price advance or decline .On the day following a gap , if a reversal day develops with the closing price back to near the edge of the gap , it is extremely probable that the gap is confirmed an exhaustion gap .

 

Tons of thanks, buddy. 

Minty88      ( Date: 28-Sep-2009 10:49) Posted: do note ex date is 23 Oct 2009. So last day of CR should be on 22 Oct 2009. Minty88      ( Date: 28-Sep-2009 10:47) Posted: you can check it from sgx wesbite. RIGHTS Ex.Date: 23 Oct 2009 SGD OFFER OF 9 FOR 20 @ $0.64

 

do note ex date is 23 Oct 2009.

So last day of CR should be on 22 Oct 2009.

Minty88      ( Date: 28-Sep-2009 10:47) Posted: you can check it from sgx wesbite. RIGHTS Ex.Date: 23 Oct 2009 SGD OFFER OF 9 FOR 20 @ $0.64   yx1030      ( Date: 28-Sep-2009 10:40) Posted: When will be the last day of CR? Who can tell me? Thanks.

 

you can check it from sgx wesbite.

RIGHTS

Ex.Date: 23 Oct 2009

SGD OFFER OF 9 FOR 20 @ $0.64

 

yx1030      ( Date: 28-Sep-2009 10:40) Posted: When will be the last day of CR? Who can tell me? Thanks.

 

XR on 27 Oct 09

yx1030      ( Date: 28-Sep-2009 10:40) Posted: When will be the last day of CR? Who can tell me? Thanks.

 

When will be the last day of CR? Who can tell me? Thanks.

 

so i assume u buy at 1.11..or did you...i wish i can be that gd..but i was lucky with SAR..

so this one will be hold and sittng tight for now, no more buying..already alot..

now i will buy more of guocoleisure...and of course i join a little at guthrie and maybe later metro...call ppl buy , myself also must buy...$ fr the sale of genting..

believe they got more upside then Genting....wish me luck..

Bintang      ( Date: 28-Sep-2009 09:59) Posted: Mermaid has just retreated n covered the exhaustion gap at $1.11 . Bintang      ( Date: 27-Sep-2009 00:14) Posted: Mermaid retreated with the decreasing volume last few trading days , look like it is going to cover the exhaustion gap at  $1.11 .

 

Mermaid has just retreated n covered the exhaustion gap at $1.11 .

Bintang      ( Date: 27-Sep-2009 00:14) Posted: Mermaid retreated with the decreasing volume last few trading days , look like it is going to cover the exhaustion gap at  $1.11 .

 

Cheong Wee,

I'm not greedy. You win some, you lose some. I've made very decent money from Mermaid from 50c to $1. Both runs. ie. 50c to 70c...... 50c again to $1. In fact, 40% of my winnings came even from contras. I've never lost money on Mermaid.

From 53c to 70c, I sold 300 lots. and thereafter........I bidded my time... and re-entered a core position and kept contraing. So you can say I'm very happy cos i rode the baby.

I'm not  a TA person. I'm a FA person. I love especially undervalued counters and those with a corporate play, even better. To each is their own.

Mermaid is defintely one of them... but in my opinion, it's running ahead of its fundamentals. The only reason why I'm in and intend to buy in later is the corporate action. It will be fierce. But in the meantime, regardless of price in the next 30 days, I rather put my money to counters esp the laggards that are poised to run this month. Mermaid will trade sideways in anycase cos there is little incentive to push further. The price action will be after ex-rights.

No offense taken. We're grown adults and have our own trading formulaes.

 

cheongwee      ( Date: 27-Sep-2009 21:16) Posted: last time u sold early ,now you do a revesre.buy late..hope not..but have u put in early to metro or guthries u would have see some gain already when i suggest... aunty and uncle dont buy mermaid, they buy junk.. the Thai are buying..u are not..u will kick your own back side later like those in Epure and SAR.. those guy are still looking at their chart...does the chart tell you who are the buying...aunty and uncles??? fyi.....after right issue the px may not come down much, but shoot up instead..so maybe you wait for a long time....you going to hear gd thing right after the Ex rights i thk you look at metro and guthries. your SMB ok, but the other 2 are loser,..jmo..dont need to get offend, and your $ your wish.. but i never call my guy buy these 2 for sure...   victorian2      ( Date: 27-Sep-2009 20:27) Posted: yes......but of course, there are also many who buy thinking it will continue to run...these are the uncle and aunty brigade who are excited by price action. I prefer to put my funds in the meantime to use in other counters.......SMB, Fu Yu and Scintronix are my favourites of the month.