HG Metal    Last:0.365    -0.005

HG Metal another Gem

If you all read the annual reports carefully, this counter is being corner out, the actual stocks whole by directors and substantial share investor, is more than XXX, left with ??? on the market, that is why the convertible bond is keep diluting the share and more to float on the market. This is my feeling to share with the rest. Good Luck.

 

hey sporeguy,

thanks for the info. which puts upside til abt 1st week august then. am fine with that. had estimated sept actually, since that's when their Q/FYE results will be. ek, ksw, hgm all same then. keke.

hm yea, note for forumers/newcomers: elf doesn't play contra.

if i'm scalping as momentum, i'd tell. but i don't usually do momentum trades 'cos can't watch all the time. so if i highlight a trade, pls, the same advice of not for contra holds.

yep, concur with rayphua. don't have the charts he does but yes. poised but not breaking out yet. don't think BB ready to let this guy run. very strong control at 47.5c. if you're doing as a contra, wait for positive break of the 47.5c. resistance will be at the previous high of 51 (or was it 55?).

 

thanks ray...

 

Fyi.

 

Will post HG charts after market closes.  HG Metal is poised, but no breakouts yet.

 

Hi Elfin, thanks for the posting regarding HG in Entertainment ...

Transfer your posting "the drop on feb 5th was due to exercise of warrants into shares" to here.

Bcos the data prior to 5th Feb are not adjusted, it is not so accurate to use fibo wave theory. Even prior to 5th feb, it does not follow fibo. But the time factor from trough to crest looks quite consistent -- 2 to 2.5 mths (so next ht of 64.5c could be 2 to 2.5 mths from 22nd may).

 

hi elf,

I actually bought HG last week. Just that yesterday was T+3. I am a momentum player so I just wanted confrmation B4 I pay up or else contra .

 

 

erm, ppl, please please DON'T just jump in 'cos you see vic, ray and my name 'supporting' the counter!

do carry out due diligence. eg, even when vic told me abt the counter, i still checked up the AR, announcements AND the TA before deciding a buy.

and note that our trading styles are very different ah. unless i'm far mistaken, rayphua is likely to scalp this counter at breakout. i'm having a wait and see attitude. if the breakout appears sustained to me, i might keep the stock. its FA is solid. believe vic is on same thoughts with me abt this (not sure tho, check with him).

note, i don't like to give buy/sell details, but in case of swarming, just fyi:

my vested px: 46.5

Am putting a stop loss at ~43.5.

it's not the upside that is impt, it's the stop loss.

 

great pick Victorian!!!  I think this one is a sure winner too.. just got vested

many thanks for highlighting it....

 

Vested in HG after seeking Ray's advise yesterday. So very glad to note that Victorian and Elfinchilde have also vested in this counter. Yipee !

 

This am HG Metal surge fwd and hit 0.480! Too bad it didn't hold long....

But have hope in this counter! With good TA anf FA, it is set to move! Think it will CHEONG and break the resistance at 0.48 soon!