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Maybe big holders want to free up their funds to ride the bull on other faster moving stocks.
So the fastest way is to sell at the bidding price.
Other kiasu and kiasi, look at it like market crashing .........they panic and also folow to sell the other lower bid price for instant sell.. it cause a chain reaction of sort where you see......one sell lower than the other Kiasi.. and after their kiasu and kiasi action... price go back up and recovers.........
Everytime same story..
Its not the company but the stock holders action that cause any share price to tumble for no reason...or bad news.
So don't panic when u see the sudden red... :)
Or follow the flow and loose out. :)
pharoah88 ( Date: 21-Apr-2010 11:22) Posted:
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BEWARE iLLUSiON
AWARE SELLTRAP
dOn't bE fOOlEd
#### The AGE Of STUPID ####
whO are sElling ? ? ? ?
they bOught HiGH sEll lOw ? ? ? ?
Or
they sEll HiGH bUy lOw ? ? ? ?
whO sO stUpid tO sEll lOw nOw ? ? ? ?
moneycow ( Date: 21-Apr-2010 10:55) Posted:
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Shun Zi says,
"To WIN, One must NEVER lOse"
"pOsitiOn Oneself WHERE One WiLL NEVER lOse"
Pessimistically speaking, some shorters must be smiling and waiting to catch back. Positively thinking, this counter has a good rating by some analysts (hope not those out to make a quick buck selling to you.) Hehe.
This seahum look like cannot make it here .
Once again 37.5
Accumulating ? Some will say..
Taiwan price is 20 cents different..........
The problem about dual listing is that, especially between Sing and Taiwan.........
The price gap seems to be big.......like MedTec, the first one. Noticed it during the H1N1 period.
Only during the SAR time, it really moves :)
When this abalone is going to be more strong and healthy like its Taiwanese counterpart oh no, its same part. :)
I am sure everyone is waiting. Quietly but impatiently at least for most. :)
The ones came in at 47 cents. wonder if they still holding on or have cutted altogether.
Cash stuck in a counter is really anti-productive........should have punt elsewhere...........hiya yo. :)
Shun Zi says,
"To WIN, One must NEVER lOse"
"pOsitiOn Oneself WHERE One WiLL NEVER lOse"
Just to share my findings.
http://mis.twse.com.tw/Best5_new_E.html?StkNo=910579&Refresh=0
Above is the URL for the stock prices for Oceanus in Taiwan market.
Exchange Rate is 1 TWD =
0.0436062 SGD, base on 20 Apr 2010 closing of $13.30 is equivalent to $ 0.579821 SGD.
novicealex ( Date: 15-Apr-2010 12:33) Posted:
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Am afraid more and more stocks locked away for TDRs, making lesser shares available. Lesser shares should support price demands but Sgx is probably a queer market that don't take to reasons. Nonetheless will still buy some at currentg price.
Bro
You are keeping this thread and stock alive....haha
Shun Zi says,
"To WIN, One must NEVER lOse"
"pOsitiOn Oneself WHERE One WiLL NEVER lOse"
ABALONE has nO BACK bOnE
moneycow ( Date: 19-Apr-2010 11:41) Posted:
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Monday today, hit back 37.5 cents.
Its the price before that ..transfer more share to Taiwan market to trade.
Perhaps its due to overall bad market.
it can't hold on its own.
Market good, it hardly moves, market bad, it falls like no body's business.
TGiF
Thank gOd iTS FRiDAY
CHERRIES PiCKiNGS
S$0.390
Shun Zi says,
"To WIN, One must NEVER lOse"
"pOsitiOn Oneself WHERE One WiLL NEVER lOse"
That is old news but plans Oceanus will happen soon...
Oceanus expects to buy a Taiwanese food-packager by mid-2010 and acquire an Australian company later in the year to boost its supply of wild abalones, Chairman Ng Cher Yew said. Ah Yat Abalone Group, its chain of restaurants, will sell shares in Taiwan or Hong Kong, he said.
So lets see more action by the company...
Hey this are old news or latest released ?
Like already heard before all mentioned.
Old news mad new :)
One thing about this company is that it have alot of plans and is quite pro-active.
No t many bad things about it. if have to point out one, it did not give out dividents despite touting incrase in profits and revenues :)
myjw2010 ( Date: 15-Apr-2010 22:42) Posted:
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we will see how's the performance before weekend....
so excited with all your inputs.
SINGAPORE: Mainboard-listed Oceanus Group said it is considering acquisitions in the future as part of an expansion plan.
In a filing with the Singapore Exchange, the China-based abalone breeder said it is exploring the possibility of acquiring a Taiwan-based food processing and packaging company and is considering collaborations with companies in Australia.
Oceanus hopes that an acquisition of an established food processing and packaging company will allow it to leverage on its expertise and strengthen its capability to process and package different types of abalone-based food.
These will be targetted at customers in China, Singapore, Hong Kong and Taiwan.
In the longer term, Oceanus is on the lookout for possible collaborations with companies in Australia to establish a source of wild-catch abalones.
Oceanus Group, the world’s largest operator of abalone farms, plans to buy two companies this year to expand its food business and sell shares of its restaurant unit as early as 2012.
Oceanus expects to buy a Taiwanese food-packager by mid-2010 and acquire an Australian company later in the year to boost its supply of wild abalones, Chairman Ng Cher Yew said. Ah Yat Abalone Group, its chain of restaurants, will sell shares in Taiwan or Hong Kong, he said.
The company is expanding to ride on China’s growing consumer market as the nation’s economy is expected to grow 9% this year, based on central bank estimates. Oceanus became the first foreign company to list shares in Taiwan last year as ties between the island and the mainland reached their warmest since the two were separated after a civil war six decades ago.
“We want to see how we can basically acquire at least one Taiwanese packaging and processing entity and look at the Chinese market,” Ng, 50, said in a Jan. 8 interview in Taipei. The Taiwan listing “gives us a better profile with the government and an image in the market that will help the business.”
The company is based in Singapore, where its shares are traded. Oceanus’s operations are mainly in China, where its 137.9 million abalones are in 24,000 tanks along the country’s southern coast.
More Restaurants
The Taiwan stock has risen 21% since the Taiwan depositary receipts were sold at NT$9.5 (41.6 cents) apiece in December, compared with a 2.1% gain in the benchmark Taiex index. The shares in Singapore lost 7.7% during that time.
Oceanus has 20 restaurants in markets including Singapore and China, according to Ah Yat’s website. The company aims to expand to 170 next year, with at least 120 on the mainland, Ng said.
The restaurant business may be worth as much as 2 billion yuan ($408 million) in two years, said Jeffrey Lau, an analyst at Polaris Capital (Asia) in Hong Kong.
“It will be positive for Oceanus, as investors are in favor of Chinese catering companies,” Lau said.
Oceanus is considering the listing in Hong Kong or Taiwan because of demand for abalones from consumers in the two markets, Ng said. The restaurant chain, which is not profitable yet, may turn profitable by the end of the year, said Ng, declining to say how much the chain is making now.
“The restaurant has a different risk profile, so eventually if it’s independent, it makes more sense,” Ng said.
The company said together with the company's own breed of Japanese abalones, the Australian abalones will offer a wider range of abalone products to its customers.
Oceanus also plans to expand the number of Ah Yat Tian Xia restaurants and add outlets in China, Singapore, Hong Kong and Taiwan.
It is aiming to open 150 new restaurants over two years and planning to list its restaurant unit as early as 2012.
excellent price....