Chartered   

Chartered : $1.05, is it a good entry point?

so what price we are talking here? 20 cents? hmm.. so, have to raised "down" my target to purchase?

 

Hulumas, this baby is gonna crash and burn imho. The industry dynamics just suck.Maybe buy at or below book value? I think even then can wait until market cap < cash held. Like napster

 

If i'm right I still remember share split for the counter right during that period ? something like 1 split 10 ??

idesa168      ( Date: 01-Aug-2008 22:29) Posted: It's still dark in the tunnel, can't see any light! I dun think I will buy CSM as semiconductor biz around the world seems to be sunsetting. If the industry revived one day, it's still not late to buy then. To me, CSM is a trading counter, not a counter we can keep for long term. I am wondering who was still keeping CSM when it traded S$16.00 many years back ard 2000-2001, that's real long term but with no gain and still can't see light as yet! So Humulus, you bought at about $1.00 is still very fortunate group as compared to those $16.00 group of people...hehehe! See the brighter side of life. It's not just stock mkt gain, life is more than that!

 

What price level you like to buy then?

Livermore      ( Date: 01-Aug-2008 18:44) Posted: Hi Hulumas, I really don't know if Chartered can really rebound back to $1. But if you keep avearging down and there is no strong rebound, you are losing opportunity cost on other shares. I have mentioned before that if you sell a share at a loss and transfer that capital to another share, it is merely a transfer of capital. Unfortunately because this point is hard to accept or appreciate, most just let their losing shares slide further and further down.  I wouldn't buy Chartered even if it went to 50c

 

tis baby a lot worker from china,,,,,phillipines,,,,,,no singaporean like to work there,,,,,,even from china also work not long,,,,,my phillipnes friend who work in here alway got offer from rival,,,,,,,,everymonth go for interview,,,,,i think i suggest termasek faster sell to other rival or merge............win win for tis baby,,,,,,,,,

 

Yes, I agree it is just a trading counter. There are some good stocks out there that can really move even in a bear market. Hm.....why Chartered?. Maybe the perception that it used to be a $16 stock and now it is considered "cheap". It is the same mentality when it comes to Creative

idesa168      ( Date: 01-Aug-2008 22:29) Posted: It's still dark in the tunnel, can't see any light! I dun think I will buy CSM as semiconductor biz around the world seems to be sunsetting. If the industry revived one day, it's still not late to buy then. To me, CSM is a trading counter, not a counter we can keep for long term. I am wondering who was still keeping CSM when it traded S$16.00 many years back ard 2000-2001, that's real long term but with no gain and still can't see light as yet! So Humulus, you bought at about $1.00 is still very fortunate group as compared to those $16.00 group of people...hehehe! See the brighter side of life. It's not just stock mkt gain, life is more than that!

 

Strong stocks get stronger in bull time, not so strong in bear time.

Weak stocks get weaker in bull time, even weaker in bear time.

CSM is a weak stock.  

I agree with idesa168's suggestion to switch fund from weak stock to strong stocks, even though it means realising hefty losses. But at least you will be betting on stocks with potential to advance further.

Do not fall in love with stocks that do not perform. 

 

It's still dark in the tunnel, can't see any light! I dun think I will buy CSM as semiconductor biz around the world seems to be sunsetting. If the industry revived one day, it's still not late to buy then. To me, CSM is a trading counter, not a counter we can keep for long term. I am wondering who was still keeping CSM when it traded S$16.00 many years back ard 2000-2001, that's real long term but with no gain and still can't see light as yet!

So Humulus, you bought at about $1.00 is still very fortunate group as compared to those $16.00 group of people...hehehe! See the brighter side of life. It's not just stock mkt gain, life is more than that!

 

tis baby under my radar ,,,,,,,,,,,,,,,,,,,,,,,,,

 

You also buying at 57.5c right?

jackjames      ( Date: 01-Aug-2008 19:22) Posted: if it hits 50 cents, I will buy.

 

if it hits 50 cents, I will buy.

 

Hi Hulumas,

I really don't know if Chartered can really rebound back to $1. But if you keep avearging down and there is no strong rebound, you are losing opportunity cost on other shares. I have mentioned before that if you sell a share at a loss and transfer that capital to another share, it is merely a transfer of capital. Unfortunately because this point is hard to accept or appreciate, most just let their losing shares slide further and further down. 

I wouldn't buy Chartered even if it went to 50c  

 

it is buying opportunity now, definitely not selling at loss..

the reason I ask you is because I read all of your reply... all are the same.... "Another big big paper loss I have encountered to this counter. My average price XXXX Any suggestion? Buy? Hold? Sell? "

sound like you are at huge paper loss... just wondering which counter you are actually on paper gain... then, that particular one might be the dragon..

 

 

Dear Jackjames,

Market correction and a lot of short selling practices day by day so far, what shall we do?

jackjames      ( Date: 01-Aug-2008 11:49) Posted: brother Hulumas, May I know what counter you are on paper gain ? How come all the counters you hold are on paper loss? you only start to buy shares in year 2007 ?

 

You might get something at a cheap price. But if takes a really long time to go back up, it is a opportunity cost. 

 

brother Hulumas,

May I know what counter you are on paper gain ? How come all the counters you hold are on paper loss? you only start to buy shares in year 2007 ?

 

Other suggestion: Spend more time with family and play less stock...LOL! HOLD CASH

Hulumas      ( Date: 01-Aug-2008 11:28) Posted: Dear Idesa168, Take note your good suggestion. I 'll do accordingly. Thank you. Any other suggestion? idesa168      ( Date: 01-Aug-2008 11:09) Posted: Honestly nobody can tell you what to do when you held on the counters since $1.00 range. But think it this way, with $XXXX amount of money held in this counter, which is very likely to melt further, why dun you sell and plough the $$ into some high yield dividends counters like REIT, SPC, etc. If those counters plummet, at least there is divvy to look forward to. CSM is not giving good divvy, or if they are giving out since they are in red now! The recovery to $1.00 will be far away, dun know when!...FYI, REITS are going strong right now! Cheers

 

Dear Idesa168,

Take note your good suggestion. I 'll do accordingly. Thank you. Any other suggestion?

idesa168      ( Date: 01-Aug-2008 11:09) Posted: Honestly nobody can tell you what to do when you held on the counters since $1.00 range. But think it this way, with $XXXX amount of money held in this counter, which is very likely to melt further, why dun you sell and plough the $$ into some high yield dividends counters like REIT, SPC, etc. If those counters plummet, at least there is divvy to look forward to. CSM is not giving good divvy, or if they are giving out since they are in red now! The recovery to $1.00 will be far away, dun know when!...FYI, REITS are going strong right now! Cheers! Hulumas      ( Date: 01-Aug-2008 10:44) Posted: So, at half price Sgd. 0.50, it will be good to long then! Another big big paper loss I have encountered to this counter. My average price still sky high at Sgd. 0.92. Any suggestion? Buy? Hold? Sell?

 

Honestly nobody can tell you what to do when you held on the counters since $1.00 range. But think it this way, with $XXXX amount of money held in this counter, which is very likely to melt further, why dun you sell and plough the $$ into some high yield dividends counters like REIT, SPC, etc. If those counters plummet, at least there is divvy to look forward to. CSM is not giving good divvy, or if they are giving out since they are in red now! The recovery to $1.00 will be far away, dun know when!...FYI, REITS are going strong right now! Cheers!

Hulumas      ( Date: 01-Aug-2008 10:44) Posted: So, at half price Sgd. 0.50, it will be good to long then! Another big big paper loss I have encountered to this counter. My average price still sky high at Sgd. 0.92. Any suggestion? Buy? Hold? Sell? Livermore      ( Date: 01-Aug-2008 07:31) Posted: Yeah at $1.05 it was a good time to short indeed

 

So, at half price Sgd. 0.50, it will be good to long then!

Another big big paper loss I have encountered to this counter. My average price still sky high at Sgd. 0.92.

Any suggestion? Buy? Hold? Sell?

Livermore      ( Date: 01-Aug-2008 07:31) Posted: Yeah at $1.05 it was a good time to short indeed! SupremeA      ( Date: 31-Jul-2008 22:08) Posted: Don't avoid. short it!!