Post Reply
141-160 of 646
DJ MARKET TALK: Ho Bee +1.6%; DBS Vickers Tips Trading Buy
0824 GMT [Dow Jones] Ho Bee Investment (H13.SG) +1.6% at S$0.93 as traders bet shares have bottomed out after coming off 64.5% from peak in June last year, reaching 52-week low of S$0.84 this month. DBS Vickers tips stock as Trading Buy, noting selloff overdone as it's trading below FY08 book value of S$1.10; "the stock's discount to RNAV reflects a 'complete disaster' in the Singapore property market that far exceeds the consensus view of a 10% to 20% fall in high-end property prices." Investors have been dumping stock on concerns over weak demand for developer's residential projects, many of which are in high-end segment. DBSV tips minor technical resistance at S$1.04-S$1.06; "if the stock holds at S$1.06 and rises above S$1.19, the next upside level will be S$1.41." (FKH)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
March 31, 2008 04:24 ET (08:24 GMT)
Copyright (c) 2008 Dow Jones & Company, Inc.
its ok...I value invest more when Ho Bee gets cheaper, I look at long term, dun go for TA short term :)
Some signs of bottoming out. Acc/Dist is flat.
cookieguy ( Date: 27-Mar-2008 13:46) Posted:
|
Ho Bee go go go....bee all the way lol....
This counter is not the only one trading below its NTA...others like SpLand, UOL also face the same situation of sell down below values by investors due to uncertainty or possible revaluation.in the property market. Let's hope the current financial crisis and high inflation will pass soon. Yes, its generally a waiting game now. Staying cautious!
thats true...admist property cooling off period, some say its better to stay cautious, some will buy and sell off later in a longer time period (in years) as cheaper land prices now.
singaporegal ( Date: 23-Mar-2008 14:47) Posted:
|
Oversold conditions can last a long time. Oversold doesn't necessarily mean a good time to buy.
cookieguy ( Date: 23-Mar-2008 01:38) Posted:
|
Price trends know no fundamental value...
Better watch for some 'signs of trend reversal'... even then, it's only probable...
Ho Bee trading below its NTA price.....it has reached 20% below its NTA price...
Oversold now...
Look tempting, put under my watchlist and monitoring for a good price to buy...
so what do you all think of Ho Bee by using a mybrid of analytical tools, be it FA or TA....???
ya...i expect the price to drop further.....hitting new lo again...
Wondering will it drop to 0.48 which I remember is the IPO price....
I hope not....we have to see back the charts.
as mentioned at noon time this is one counter to short if u have CFD available like from Lim&Tan and POEMS...see the triggering point of $0.90..it caused massive selldown upon touching that price
| Time | Last | Volume | Buy/Sell |
| 17:05:03 | 0.900 | 390,000 | Sell Down |
| 16:59:44 | 0.895 | 10,000 | Buy Up |
| 16:58:16 | 0.895 | 87,000 | Sell Down |
| 16:55:00 | 0.895 | 20,000 | Sell Down |
| 16:50:22 | 0.900 | 2,000 | Buy Up |
| 16:46:00 | 0.900 | 8,000 | Buy Up |
| 16:42:53 | 0.895 | 50,000 | Sell Down |
| 16:39:09 | 0.900 | 4,000 | Buy Up |
| 16:35:56 | 0.895 | 10,000 | Buy Up |
| 16:33:30 | 0.895 | 90,000 | Sell Down |
| 16:33:21 | 0.900 | 15,000 | Buy Up |
| 16:32:52 | 0.900 | 5,000 | Buy Up |
| 16:29:12 | 0.900 | 238,000 | Sell Down |
| 16:27:54 | 0.900 | 30,000 | Sell Down |
| 16:19:13 | 0.900 | 10,000 | Sell Down |
| 16:17:12 | 0.900 | 100,000 | Sell Down |
| 16:15:18 | 0.900 | 5,000 | Sell Down |
its just based on interpreting technical charts...the last time it ever touches 80+ cents was late Sep 2006...
so looking at this counter breaking new lows constantly...if break the low again (52-week low)...its likely to trend further downwards...
currently it already touches $0.90... (i mentioned $0.905 support strong is not only based on the technical charts...but also at the current market depth)
wow how u make that prediction? from ?
thanks for replying ;)
i m just referring to the technical charts...there's support at
$0.905...if it breaks this level and go from $0.90 downwards...it may
well technically go further down
what u mean by u can short, do u mean it will really go right down ?
any views about the market ?
Investing is a puzzling game indeed...
When a stock falls to a low level, many will think it's good 'value' (eg. undervalued)...
But at the same time, many will say they will dump if it falls to a certain level...
Thus it's not such a straightforward game...
But one thing is undisputedly of greatest survival value :-
Never never hold a strong opinion...
ie. be ready anytime to to be wrong by choice....
ho bee undervalue now? hehee...
should Ho Bee hit below $0.905...can short...however it is still currently supported by quite some volumes at this level...if it breaks down..can go for shorting