
Milk $1/-, still v v resilent till today 6Mar06(Thurs) it high is been traded about btw $1.03 to $1.07cts, today & tmr let us hope & see rotational play can push Milk to test new high since there is no news on it cover warrant arriving yet which kept d player at d side line, seem collection and distribution is on going, remain vested.
Extracted from my blog http://kelongstocks.blogspot.com
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Fundamental Analysis can be found at my blog
[B]Technical Analysis[/B]
Prices made a strong debut on IPO, rising from 62 cents to hit a high of 97.5 cents. China Milk soon overcame this intra-day high resistance to hit $1.06 before consolidating in current trading range between 97.5 cents to $1.00. Appears that prices are deliberately kept within this trading range as any breakout above $1.00 is met by strong selling pressure to force prices below this psychological resistance.
Resistances: $1 (psychological resistance), $1.03, $1.05, $1.07 (all intraday highs)
Supports: $0.975 (support at current trading range), $0.945 (resistance turned support)
............. continued at my blog
Hi, scotty, seem one doller note is not ready to surender it value yet, deal done at 11:48 and 14:54 may have signal warning short by d big boy who is watching, this dollar note have all vested supporter, including shortis who think this is not d right time yet ,have a nice week end yah, by d way k1 TOoooo.......on d way liao
Today Friday, c some action by big boy again, sure they R v happy liao as they did not blink even when it hit $1.00, tipping $1.02cts B4 settled at $1.01cts, so today i believe they can again do it to square off their position but B4 they do it ,they can push up again, Jus a matter of infomation, not an inducement to buy ,sell or trade
Hi scotty , still have not let go my yet, an indication that i bot at $0.62cts. iam remain quite positive on this milk turning to a one dollar note, initially i tot it will take some time, but now it's sooner than expected, however up or down, this milk business is quite possible to tip a dollar note B4 fund mgr decide when to move again, a matter of when oni.
K1 K1 coming in, big big boy, Temasek n their company Keppel having more vested interest in it, if i am not wrong 37% ++ oredi 119mil profit in their money bag, more $$$ to buy back to milk this cash cow w/ more $$$ to promote better return, not by accident, it CEO is former ambassedor to S'pore, very good connect to temasek
vested w/some, afew lot from my dealer, still holding dearly to it, have not let go yet, seem my 30% long over liao, now oso tested 50% profit liao and 50 % seem so easy to achived $0.62cts going $0.93cts, today is ok but not everyday is like that, may yoyo abit test test it F1 formula new engine B4 it goes again, i mean those big big boy having do their part to help abit to help uncle n aunties clear their position as well as their. Can C Friday action again, bromm... bromm.....
teeth53 and gallen? got in?
wah... now top volume!
anyone sucessfully got it?