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wow..this burger is definitely in my SHORTING screen...hee...wonder how will it go until Q2 announcement?
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The Board of Directors of Unisteel Technology Limited (the "Company") wishes to inform that the Company will be releasing its financial statements on consolidated results for the second quarter ended 30 June 2007 on Monday, 30 July 2007.
Low volume stocks tend to experience significant price change as I have observed. Previously M1 has that behavior as well when it was trading at below 2.00SGD. One could queue greater then six stops and still managed to get a fill. Those were the days. :)
I am looking at lower price. This baby's support is weakening....
Broke the major physiological support and I am looking at 1.95 as the next.
Not much interest in the Bid vol...
73K for 1.99
54K for 1.98
41k for 1.97
5K for 1.95
12K for 1.94
1K for 1.90
from trading data today, it looks like mostly retailers selling except one one major trade 299lots at 2.02.
Wow, what happened to the share price of Forbe acclaimed 200 Best Under a Billion leading Asian public company? 1H was good, so are expecting a weaker 2H? Is 0.05 per share dividend still valid?
Major Drop today, It is time to enter the mkt again.
from the charts, it has been falling for some time.
Upside is beginning to show.
All the best Folks.
Apex in sight!
Have you seen a flat liner? Both my indicators are showing flat liner on this counter !.!
I am not sure where this is heading, but am going with what the wise old saying in the trading industry says. The next trend will always resume from the last known trend.
Be careful , this counter seems to have high % of sales to disk drive industry
Seagate share price hit 28+ USD in beginning of this year, dropping to around 20.4
Disk drive industry normally had poorer sales in summer months till September/October so their share prices are in pressure. A good time to buy them near Oct/Nov.
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Shares of Komag fell for the second consecutive day after yesterday's firm-issued revenue warning, leaving investors to determine just how much earnings will be affected.
Komag (nasdaq: KOMG - news - people ) shares fell 1.5%, or 35 cents, to $22.83, Friday. On Thursday Komag said second-quarter revenues would fall short of expectations. The company had previously warned that revenues would be down 8% to 10% from the first quarter, when it had $264.7 million in sales. Komag makes a component used in hard drives.
Investors tried to figure out exactly what the revenue warning meant on Friday. Bear Stearns (nyse: BSC - news - people ) analyst Andrew J. Neff cut his estimates for second quarter earnings per share by 22 cents to 38 cents. Neff also downgraded the stock from "outperform" to "peer perform."
Neff pointed to tough industry conditions for Komag as one source for concern. He said that any negative issues facing the company are exacerbated because the driver industry is a cyclical one, where bad conditions can worsen due to momentum.
Since Komag makes parts for hard drives investors worried yesterday that its soft sales could signal bad business for its customers, pushing down their shares in turn. According to Revere Data, 37.0% of Komag's revenues come from Western Digital (nyse: WDC - news - people ) and 36.0% come from Seagate Technology (nyse: STX - news - people ).
Seagate continued falling as well on Friday and dropped 29 cents, or 1.4%, to $20.40. Western Digital barely changed, losing 1 cent, or 0.1%, to $17.44.
Good support @ 2.12 however 2.50 may prove to be a tough resistance for now. I dont have the nerve of (uni)steel to stay longer. Unload at 2.32 today. Daily chart showing price going into an apex. Will look to buy again at 2.12 - 2.16 then again what will happen after the end of the apex?
oh mi god...lucky din short this morning !!! heng siah!! anyway eyeing cityspring n suntec hee...SHORT lah!! of cos :P
Nicky, go somewhere else, dont skew the chart... and also I am vested in it. hehe *wink*
i thk for this burger...SHORT is easier to make $$ than contra :P
hi lucky168,
could this be a good contrary play? has price dropped sufficient enough to accumulate?
if break below 2.10 , oh say la!
TA charts look really bearish for this counter. Acc/Dist and Chaikin all down.
No lah, didnt buy this counter, been monitoring it abit...but still...cant seemed to get a trend out of it TA or FA wise...so I will suggest only one thing...stay out... :-P
say red1721...r u vested in this burger? ur posting seems to suggest something leh... :D
hehe, our short king got his arse covered :-P congrats
si beh heng....covered at $2.12 heng siah !!! :P