Post Reply
121-140 of 158
Bull dozing their way now. Global Test a real laggard. Lots of meat.
We've got the following predictions now :
a) 1.32 to 1.33
b) 1.33 to 1.35
c) Might even break 1.35
Great info. Let's give way to the bulls ... or risk being run down ...
All semi-cons will cheong.
CSM closed up 4.6% in Nasdaq last nite. If the ratio calculation is right, this counter will close between 1.33 or 1.35 today with higher volume of 10-20m shares to be traded. Shiok!
At this pt of typing, Chartered Semiconductor Manufacturing Ltd listed on NASDAQ is up 5.80% to 8.57 on abover ave volume.
Tmr is going to be GREEN GREEN day for chartered on STI !! I m 80 - 90% sure about this !
Might even break 1.35
Thanks, Zhuge_liang ........ Shiok time for tech from now! Just need to be patient with the tech cycle to reap your $$$.
But I am in for a longer hold as I expect a coming tech boom till Year 2008 to reap more $$$$$$ .... P.A.T.I.E.N.C.E do pays.
In a client note, UOBKH analyst Jonathan Koh said the Christmas shopping season that starts this weekend "augurs well for healthy growth in retail spending on electronic goods."
Koh reiterated "buy" calls for Stats, CSM, Global Testing and Memory Devices.
Koh also said that demand for new video game consoles like Sony's PlayStation 3, the launch of Microsoft's latest Windows Vista programme and the buoyant Nasdaq would boost Singapore-listed semiconductor stocks.
Core business: Chartered Semiconductor Manufacturing (CSM) provides comprehensive
wafer fabrication services and technologies to semiconductor suppliers and manufacturers
of electronic systems. The company also produces digital logic, analog and memory chips
for applications as multimedia, communications, computing and networking.
wafer fabrication services and technologies to semiconductor suppliers and manufacturers
of electronic systems. The company also produces digital logic, analog and memory chips
for applications as multimedia, communications, computing and networking.
Immediate outlook: The stock is still stuck in its 4½ month sideways trend. However,
indicators are already showing positive signs. We believe the stock has built enough
momentum to breakout of its sideways trend. Technical Buy now at S$1.24-1.28 and
place a stop at S$1.15. Short term breakout target is at S$1.36-1.40 (200-day SMA).
indicators are already showing positive signs. We believe the stock has built enough
momentum to breakout of its sideways trend. Technical Buy now at S$1.24-1.28 and
place a stop at S$1.15. Short term breakout target is at S$1.36-1.40 (200-day SMA).
place a stop at S$1.15. Short term breakout target is at S$1.36-1.40 (200-day SMA).
Medium term outlook (2-6 months): Medium term outlook for CSM is neutral but there
are early signs of an upswing taking place soon. MACD has just issued a buy signal while
RSI is slowly edging higher. Both indicators are suggesting that buying momentum is
strong. We believe that long term investors should buy now. There is a strong possibility
that the stock may even retest S$1.62 (its 23.6% Fibonacci retracement level from high of
S$4.85 to low of S$0.615), followed by S$1.90.
{Source: CIMB - 17/10/2006}
are early signs of an upswing taking place soon. MACD has just issued a buy signal while
RSI is slowly edging higher. Both indicators are suggesting that buying momentum is
strong. We believe that long term investors should buy now. There is a strong possibility
that the stock may even retest S$1.62 (its 23.6% Fibonacci retracement level from high of
S$4.85 to low of S$0.615), followed by S$1.90.
{Source: CIMB - 17/10/2006}
But I think that Chartered cannot hold its own weight if there were no revised rating. This means that in a few days time, after all the excitement about Chip stocks dies down, chartered will go south again.
Hi all, What is the good price to let go?
Goody, goody......up, up & away
As expected ! Cheong !!!