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As predicted in previous post, today is another panic short covering.
More detail on short disclosure due in march
From what i read in today strait times, traders had to ask client for sell position status ( short / sell) before transaction can proceed.
Anyone who falsely declared would be fined up to $50000 or imprisonment up to 2 years. Short position would be openly disclose
at the beginning of trading everyday from previous day trading.
These 2 measures effectively shot down every shortist from entering market, too much risk from shorting left or right.
Currently lot of shortist is panic covering their ass before march. Today i buy again 20 lot at 1.27 just contra it off at 1.295 make another few hundred dollars. Trading strategy is buy in morning then get out at noon works for now, but trade with caution.
Box line 2013 profits to hit $5bn
GLOBAL container lines should end 2013 comfortably in profit after a collective return to the black last year, as long as they are able to keep ship supply under control.That is the central message from consultancy firm Drewry, which says profits could approach $5bn this year, as long as...
Just saw this article .
Panic short covering by shortist, Axe would fall on whoever still had outstanding position after march.
Might see more short covering in the next few weeks, as march draw closer where short volume/price would be
disclosed daily on sgx.
Yup share recovery is on the way. Container freight rate is on recovery mode and coming china trade data would confirm
world growth is recovery. The disclosure of short data in march also help since it make it very difficult to profit from shorting
when implemented. Share could only go up and up due to investor holding shares and earning recovery for NOL. No investors
want to unload their shares cos they know a bigger wave of bull is coming in 2Q lol.
tide has turned for this counter..
reversal has occured from the downtrend
analysts reports showing signs of recovery for NOL
prospects looking gd for this
gd luck dyodd
SGX would report short volume on every counter from march , Business times reported.
This would make traders/retailers think twice about shorting as this exposed their short position.
Make shorting shares less profitable as they are exposed to open shot from bulls lol, more risky as they had to borrow share and bound to contract
Shorting had to be done quietly and preferable sneaking, not like muddy water who openly declared shorting then temasek hit those shortist hard lol.
Damn i don want to short if mine position is exposed to market force lol.
Take the profit from NOL and buy Zynga : )
don get too excited, wait for BB positioning then go in. I took a risk trading on mon due to higher volume transacted. Today pp took
profit and share drop 1.5cents. Do daily trade , buy in morning sell out in lunch time, don be greedy and u can make money.
Today another great penny stock punting day, very high volume hope trading sentiment keep up.
Yes, I keep Buying till Lunar New YEAR!sgng123 ( Date: 07-Jan-2013 18:19) Posted:
Before you do the trading , gona let ur broker know u are doing contra trade. In online trading, you need to indicate it is a contra trade by ticking the contra trade box or something similiar. Today penny stocks punting is very strong, it bring out the risk on sentiment hope it continue to be like this till CNY. Need more CNY angbao money lol. |
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15 Jan 13 GRI for both US and Europe would pass through , just checked the SCFI it is stablising.
Container carriers had become smarter as they experimented with ships sharing and supply control to maintain rate.
After they realised the benefit of ganging up and manipulated the ship supply to get GRI, then you started to see a fake booming before
shippers asked countries to regulate container shipping. This year might be a great year for NOL if the Jan15 GRI take hold and maintain till
yearly contract negiotation in Apr. Enjoy the ride all bros, today trading volume a bit low so take a break and wait for opportunity.
Penny stocks today had a terrific day lol volume traded at top20 is very insane gona break yesterday record volume.
davidscs ( Date: 08-Jan-2013 03:07) Posted:
Analysts Predict Carriers Will Succeed With Rate IncreasesThis year the official holiday for Chinese New Year falls on February 10-12, but factories usually close for at least a week as many workers return home. This generally prompts a rush of orders from overseas buyers in the preceding weeks. “I believe we will see success on the GRIs leading up to Chinese New Year,” said SeaIntel’s Lars Jensen. “The carriers are showing prudent moves in terms of capacity reductions, and the uptick in rates on the Shanghai Containerized Freight Index last Friday was another positive indication - this momentum will assist the carriers in maintaining collective discipline.” According to the SCFI, Asia-Europe and Asia-Med freight rates increased last week by $52 and $54 per TEU, respectively, while rates to the US West Coast held steady. |
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Analysts Predict Carriers Will Succeed With Rate Increases
This year the official holiday for Chinese New Year falls on February 10-12, but factories usually close for at least a week as many workers return home. This generally prompts a rush of orders from overseas buyers in the preceding weeks.
“I believe we will see success on the GRIs leading up to Chinese New Year,” said SeaIntel’s Lars Jensen. “The carriers are showing prudent moves in terms of capacity reductions, and the uptick in rates on the Shanghai Containerized Freight Index last Friday was another positive indication - this momentum will assist the carriers in maintaining collective discipline.”
According to the SCFI, Asia-Europe and Asia-Med freight rates increased last week by $52 and $54 per TEU, respectively, while rates to the US West Coast held steady.
Before you do the trading , gona let ur broker know u are doing contra trade. In online trading, you need to indicate it is a contra trade by ticking the contra trade box or something similiar. Today penny stocks punting is very strong, it bring out the risk on sentiment hope it continue to be like this till CNY. Need more CNY angbao money lol.
quite a noob in this. Can i check when you do this buying and selling within 3 working days, even buying and selling within that same day, there will be no deduction of money from ur account? But if there's profit, the profit will go to ur trading account after u sell? Ive been buying and always holding, so never tried this before. hehe..
sgng123 ( Date: 07-Jan-2013 15:06) Posted:
Going in today at 1.205 20lots then get out fast at 1.23.
make a few hundred bucks and i am happy man lol.
Today trading volume very strong, top 20 volume stock all having insane volume.
Trading commerce today till CNY then stop and wait out for US debt ceiling drama.
Fast trade in and out don wait for the 3 days period too risky . |
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Going in today at 1.205 20lots then get out fast at 1.23.
make a few hundred bucks and i am happy man lol.
Today trading volume very strong, top 20 volume stock all having insane volume.
Trading commerce today till CNY then stop and wait out for US debt ceiling drama.
Fast trade in and out don wait for the 3 days period too risky .
Europe freight rate inching up last week, high chance 15 jan GRI would pull through.
NOL share price break through 1.20 resistance level but currently still facing big resistance level at 1.205 1.8 mil sell block.
House traders are still resisting nol advance, now just need to wait for BB entrance then all hell break through, prepare for repeat of
2012 surge in Feb.
Wait for BB positioning before jumping straight into nol unless u can hold.
Trade with caution and move fast.
Stocks ended the first week of the new year on a high note, with the Dow (DJINDICES: ^DJI ) gaining 0.3%, to cap its best week since December 2011. Not to be outdone, the broader S&P 500 (SNPINDEX: ^GSPC ) rose 0.5% today, to close at a five-year high.
Follow-up
This morning's column contained a warning concerning "safe" bonds. Since then, CNBC reported that Goldman Sachs issued a client note that highlights the risk in bonds. Equity strategist Robert Boroujerdi writes:
A reversion of risk premiums to historical averages of 6% nominal rates (3% real rates and 3% inflation) would suggest estimated losses in portfolios with bond durations of 5 years of 25% or more.
Shipping stocks
On Tuesday, the Financial Times reported that a number of private equity and hedge fund managers have been buying up debt and, in some cases, hard assets tied to the troubled shipping industry. In one deal, for example, the private equity arm of Oaktree Capital, the distressed investor led by Howard Marks, bought $800 million of shipping loans at a steep discount from Lloyds, the insurance syndicate. Is this is a signal that investors should be looking at the common shares of shipping firms, as well?
At 700, the Baltic Dry Index (BDI) is not much above the all-time low of 647 that it achieved in February of last year, going back to the inception of its predecessor index, the Baltic Freight Index, at the beginning of 1985. The BDI remains 94% below the high of 11,793 that it achieved in May 2008. Published daily by the Baltic Exchange in London, the BDI tracks the price of moving major raw materials (coal, iron ore, grain, etc) over 20 key bulk routes.
The shares of nearly all publicly-traded shipping firms have inflicted horrific losses on investors over the past five years in some cases, exceeding the decimation of the BDI! Witness DryShips (NASDAQ: DRYS ) and Excel Maritime Carriers (NYSE: EXM ) , with losses of 98% and 99%, respectively.
In that context, are the shares now cheap? Many of the firms are expected to be loss making over the next 12 months, so they're missing a price-to-earnings (P/E) ratio. However, it's possible to calculate a cyclically adjusted P/E, using a trailing average of inflation-adjusted earnings-per-share over the prior 10 years instead of a forward earnings estimate. On that basis, some of the shippers certainly look tantalizing: Dananos and Diana Shipping (NYSE: DSX ) are valued at less than five times cyclically-adjusted earnings. In the case of DryShips and Excel Maritime, the ratio is less than one.
As Howard Marks wrote to his investors in March 2006:
Even if we can't predict the extent of cyclical fluctuations it's essential that we strive to ascertain where we stand in cyclical terms and act accordingly.
Some of the numbers above suggest that the shipping sector is at or near the trough of its cycle. Investors with a taste for distressed or cyclical assets may want to consider acting accordingly.
SCFI up 11.46, demand slowly picking up due to CNY closure. Stabilization of rate would point to good sign of GRI implementation on 15 Jan13.
Take note of BB positioning next week, important sign for punting nol share. gona be hit and run tactic.
That is the basic idea bro. T+3 trade then rinse and repeat.
Recession not likely as central banks in the world had unleashed a lot of money ( printed money). Check out the Yen, currently standing at
87.5 compared to 1 month ago it is like 78. Japan new government gona manhandle BoJ to devalue yen to boost export.
Yen should hit 100 in like 3 months time from now then the real fun start, every country in asia would be in a race for devaluation of currency.
Don worry too much about US debt ceiling, it the usual last minute deal drama, they got no choice but ot raise it again lol.
This week is only 3.5 trading days, house traders and small retailer traders market. Next week fund managers would be back from new year
holiday and start to position, gona wait for signal before starting any trade/punt. don be greedy and u can make CNY ang bao money .
better hit and run bro.
gri is not gonna hold, cma/cgm, apl, oocl, maersk, hapag are all unable to hold.this is very clear in the early stage as many are oredi postponing their gri in hope of securing more cargoes ...sad but true ..
for europe...dont waste time. no cargo but a lot of empty space...sigh
sgng123 ( Date: 03-Jan-2013 20:10) Posted:
TP = 1.40 based on 1X P/B for 2013 future earning, very similar to what brokerage houses had been calling.
IF the Jan 15 GRI 600 for US trade route goes through, can prepare to see nol share price reaching 2010 high.
Mersk had put a report in BT that Asia-Europe cargo spike at dec 2012 and most likely through end feb, good sign for
jan15 GRI 350 for europe route. 1Q13 gona be good if nothing bad happen from now till end feb, then in march u see the US drama
again but this time market would be cool to it since they experienced in 2011 debt ceiling scare. This friday got US job data coming, if
it is good gona boost NOL price next monday.
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