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ya man...peeing into my pants now !! :P hey !! give that burger a chance can or not? not even near 5pm wat?!??! hee...
trust me, he will not post his losses..only profits in this forum :-)
Nick,
I hope u cover in time. Otherwise u will have broken your clean sweep record with Unisteel. The rebound is earlier than I have thought.
Unisteel Tech, Buy S$2.29 Price Target : 12-Month S$ 2.53 (Prev S$ 2.68)
Unisteel has terminated the MOU to buy JC Metal as further negotiations with JC?s shareholders failed to
agree on the terms of the acquisition. Given Unisteel?s immaculate track record in adding value to the
business, we are confident that management has good reasons to walk away from the deal after more
extensive due diligence. Undeterred by the failed acquisition, Unisteel will accelerate its organic expansion
into disk clamp. Consequently, this might lead to possibly earlier than expected contributions by year end.
Maintain Buy on ex-bonus TP of S$2.53, pegged to 15x FY07/08 blended earnings.
aya...u wont know wat is low wan lah...it can be $2 !! :P anyway...hapi trading !! hee..this burger is quite gd for me...contra gain..short oso gain :P
The price different between by earlier call and now is so big a gap down. Not advisable to short now as price now at 2.10. Will rebound when hit 2.08.
Be careful shortist.
hee...this is what i like !! SHORTED at 2.15 x 5lots !! any takers???!! :P
Avoid. Falling will continue to be fast and furious. Better wait for results for more guidance.
osim isn't in my radar though....hee..will move in for the kill on unisteel :P cant b better reason 2 SHORT it now!!! hee...
This counter will continue to drift lower for a while unless next week result is Very Good. All has been priced in and juding by the recent tech customer of Unisteel, it think it is a 70% down and 30% up probability for the next 2 weeks.
Trade with care
Classic example of a counter with little volume. When the stock price rises, it rises fast and when the stock price falls, it falls hard.
I bailed out my current holdings at 2.34 and buy it back at 2.29 before the close.
It
The company said in a statement that the parties were unable to reach an agreement on the acquisition terms, and has terminated the MOU.
Dealers said the market had priced in expectations that the acquisition would boost the firm's market share, after the company announced the MOU in March.
Nickyng, congratulation for quick coffee money..
did you short OSIM ? it went from about .935 to .78.... thought u won't miss it?
haha..i not always short wan lah....this bugger i contra gain $500+ inclusivce or dividends :P
nickyng is a very brave dude.... he dare to short during a bull run!
I salute you!
nickyng, looks like everywhere u go, you'll short... think i better avoid the counters you are interested in. haha
Nickyng,
i don;t think HDD coys will go bust. Seagate reported poor results , dropped 5-6%. then Unisteel dropped .. HDD is in bearish mood, and it could stay bearish for a while. That seem to be HDD cycle..poor in first half of the year and cheong in second half.
wow...getting new lower daily ! :P wasted din short leh :P wonder what has warrant such a BIG downtrend???? major HDD co. going bust or wat? hee...
Looking at sub 2. :)
2.00 support for now. Further downward will test the 1.8 support.
Lets wait for the downtrend to complete and at the consolidating phase, we will monitor for a buy signal to enter a trade for a trend reversal. Stay tuned...
BBs dumping their bonus shares after XD ??? hee...again BBs know we dunno..so juz follow them and SHORT lah ! :D