Sakari   

Straits Asia

Nah... better dun thks me, this is just my view n I may be wrong too. Dyodd

jojoyeo      ( Date: 23-Jul-2009 13:51) Posted: Just sold my at 1.88 yesterday and thinking of loading it again. Thanks for your timely warning! richtan      ( Date: 23-Jul-2009 11:49) Posted: This is just my opinion, I may be right or wrong. Dyodd Just a caution, dun chase after stock. Now up on very weak volume, yesterday shooting star (bearish), may formed double top n pullback to the 15ema or 25ema or 65ema.

 

Just sold my at 1.88 yesterday and thinking of loading it again.

Thanks for your timely warning!

richtan      ( Date: 23-Jul-2009 11:49) Posted: This is just my opinion, I may be right or wrong. Dyodd Just a caution, dun chase after stock. Now up on very weak volume, yesterday shooting star (bearish), may formed double top n pullback to the 15ema or 25ema or 65ema.

 

This is just my opinion, I may be right or wrong. Dyodd

Just a caution, dun chase after stock. Now up on very weak volume, yesterday shooting star (bearish),

may formed double top n pullback to the 15ema or 25ema or 65ema.

 

 

Must watch the oil price carefully. 

 

Wow, Thank you!

richtan      ( Date: 20-Jul-2009 15:48) Posted: 1. Formed a bullish flag n broke above the upper channel resistance line. 2. Now formed a higher high n higher low. 3.Price above the 3 emas (15, 25 n 65ema) 4. MACD cut n turned up. 5. RSI still neutral at 50%

 

still got room to go up

richtan      ( Date: 20-Jul-2009 15:48) Posted: 1. Formed a bullish flag n broke above the upper channel resistance line. 2. Now formed a higher high n higher low. 3.Price above the 3 emas (15, 25 n 65ema) 4. MACD cut n turned up. 5. RSI still neutral at 50%

 

1. Formed a bullish flag n broke above the upper channel resistance line.

2. Now formed a higher high n higher low.

3.Price above the 3 emas (15, 25 n 65ema)

4. MACD cut n turned up.

5. RSI still neutral at 50%

 

shall wait for this to shine...:)  Most analyst report quite positive.

 

extracted from another forum...8 reasons why SAR is still a buy.

 

 

8 Reasons to buy Straits Asia Resources

1. Global Shortage
Coal shortage causes loss in power generation
http://www.business-standard.com/india/news/coal-shortage-causes-loss-in-power-generation/67907/on

India coal shortage seen at 70 mln T in 09/10 -govt
http://www.reuters.com/article/rbssEnergyNews/idUSBMA00332520090713

Asia Supply Shortage
http://www1.hymarkets.com/html/news/2009/7/6/1246861542nSYD541168.html

2. Increase Demand
Increase demand as new coal-fired power plants come on stream in China, India, Indonesia, Vietnam and other developing
http://forum.channelnewsasia.com/viewtopic.php?p=2868843&sid=73976a2793e0ab76bae4c5a2997685c7

China coal demand to increase in H2
http://en.sxcoal.com/NewsDetail.aspx?cateID=166&id=23212

3. Industry Rally
Coal Stocks Rally Pre-Earnings
http://finance.yahoo.com/news/Coal-Stocks-Rally-zacks-1392830859.html?x=0&.v=1

4. Director Purchase
CEO puts in SGD500k through open market purchase at SGD1.81
www.sgx.com
Directors move in to buy despite strong prices
www.businesstimes.com.sg

5. Funds Purchase
Legg Mason up holdings by investing further SGD5mil in Straits Asia
www.sgx.com

6. Funds Recommendation
http://online.barrons.com/article/SB124606536163363951.html?mod=googlenews_barrons

7. Brokerage Recommendation
UBS call of upside of 50% TGT SGD2.50
http://www.reuters.com/article/rbssCoal/idUSBKK53719620090716

OCBC call of upside of 20% TGT SGD2.07
http://www.ocbcresearch.com/pdf_reports/company/Straits%20Asia%20Resources-090630-OIR.pdf

DBS call of upside of 30% TGT SGD2.26
http://www.theedgesingapore.com/component/content/5446.html?task=view

8. Strong Financial Footing
Comments by CFO
http://www.financeasia

 

This reminds me of Warrent Buffet and his men. Duirng Asian crisis (1997), they bought in bulks of bulks of Thai baht and causing the rate to escalateb cos everyone started bying thinking it will go hihger.   This had resulted shortage of money in the market and Thai government , in order to stabalise the market, had to buy back the thai baht sold at high price by this group of people while they threw out the money again and they made huge profits, but, who suffered?  Asia.  

starlene      ( Date: 19-Jul-2009 23:10) Posted: Existing major shareholder Legg Mason bought 3.169mil Straits Asia Resources shares at $1.68 on 7July raising their stakes from 52.497mil to 55.666mil ie from 4.73% back to 5.00%..Previously this year they sold at a low,now buy at much higher than their disposed price,believe in > upside

 

This is very typical of institutional fund managers which sell low and buy high, trading to their disadvantage. By doing so, no matter how much shares they have traded from earlier this year until now, it is still a net loss to them if overall they have disposed more shares at lower prices and now buy back lesser shares or even same number of shares at higher prices. Luckily they buy back now, or else the total loss will be even greater had they waited for Straits Asia to rise more in their share price to buy at higher share prices. This is fear, greed and hope displayed on a larger scale in institutions. Many large institutions may not make totally sound investing decisions at all time too.

starlene      ( Date: 19-Jul-2009 23:10) Posted: Existing major shareholder Legg Mason bought 3.169mil Straits Asia Resources shares at $1.68 on 7July raising their stakes from 52.497mil to 55.666mil ie from 4.73% back to 5.00%..Previously this year they sold at a low,now buy at much higher than their disposed price,believe in > upside

 

Existing major shareholder Legg Mason bought 3.169mil Straits Asia Resources shares at $1.68 on 7July raising their stakes from 52.497mil to 55.666mil ie from 4.73% back to 5.00%..Previously this year they sold at a low,now buy at much higher than their disposed price,believe in > upside

 

Hi diverse,

Not to worry about embarrassment.

I too started knowing nuts about TA. but it is my passion and desire to make a living out of trading tat drives and motivated me.

All of us start from beginning, we learn everything from beginning, be it swimming, cycling, etc, practice makes perfect and by posting, u learn from others opinion n make improvements along the way.

I still remember the day I started learning swimming, everyone around me was laughing me. saying I m like a rock, I just ignore all this noise and persist, now I m a good swimmer.

If u are a newbie, I suggest u click on my nick n read all my past sharings, advice, n also search for the thread which I specially created with newbies in my mind, "Learning TA".

Learn how to post a chart as a picture tells a thousand words, one forumer (I forgotten the name) had posted about this, search tinypic.com.

U can also download a free charting software from www.chartnexus.com.sg/products/download.php

Actually, I already did an analysis (although I dun claim to be an expert and I may also be right or wrong, but by posting, I hope to also learn from other expert), but intentionally withold from posting as I wanted to give newbies a chance to post and learn by exchange pointers.

Remember TA is not infallable but is a necessary compass to a true TA practitioner to time entry and exit n stop-loss just as satellite navigation is to a plane or ship .

As I said, click on my nick, I had also posted an extract from chartNexus user manual to explain why TA is a necessity.

divearse      ( Date: 16-Jul-2009 03:43) Posted: Hi Richie, I know nothing about TA, let me google and wikki for 30 minutes and and give it a shot here to embarrass myself in front of the experts. I must say this before I start, charting and forecasting on an up trend is easy, charting during volatile period is another matter. Please excuse me if this turn out to be total nonsense. Looking back from a month ago till 13Jul, MACD was on the way to crossing zero downwards, I see a small grizzly using a bottle of Head and Shoulder, wash at 1.68-1.69 and dry at 1.76 to 1.78. with little water and small dryer (between 9-2x mil). Elliott says the SAR has completed Wave 5 on 6Jun and done Wave C on 13Jul (williams R -93), while the grizzly was playing a spinning top on 14Jul, a green Marubozu shoot up from the ground, according to Elliott, the grizzly will chew on the green Marubozu and go to sleep, a new wave will begins, Wave 1 again, and the small bull will come out to play (all these are within the Eliott's Intermediate to Minor timeframe).  Did I use anybody's TA to deal? NO, I vested because 13Jul the Williams was -93, knowing Rich has bought at 1.81, using my black magic I predicted Goldman Sachs gonna have ground shaking results and this will change the game. Asking others is to get to know what the general public feels, challenge my own views and make decision based on that. So what all these bear and bull droppings story about? How does it help me to decide when to go in and when to do out? Difficult I say, I see TA is only one part of a bigger jigsaw. At turbulent time like this, TA is only a small help for me to make a decision for one day ahead, not like some experts who can use TA to predict one year in advance ! (salute - puui!) How on earth one can do that I have no clue. In short, short this fella in the short term. I can think of better counter to Long (again depend on your long time frame), long if you know the FA well like the rich ex-ceo so happen to have a name called "Rich" then you maybe able to decide to long it. Above is not an inducement to buy, sell, borrow, lend, short, long, naked or well dressed any shares, just killing time due to insomnia.

 

Hi Richie, I know nothing about TA, let me google and wikki for 30 minutes and and give it a shot here to embarrass myself in front of the experts. I must say this before I start, charting and forecasting on an up trend is easy, charting during volatile period is another matter. Please excuse me if this turn out to be total nonsense.

Looking back from a month ago till 13Jul, MACD was on the way to crossing zero downwards, I see a small grizzly using a bottle of Head and Shoulder, wash at 1.68-1.69 and dry at 1.76 to 1.78. with little water and small dryer (between 9-2x mil). Elliott says the SAR has completed Wave 5 on 6Jun and done Wave C on 13Jul (williams R -93), while the grizzly was playing a spinning top on 14Jul, a green Marubozu shoot up from the ground, according to Elliott, the grizzly will chew on the green Marubozu and go to sleep, a new wave will begins, Wave 1 again, and the small bull will come out to play (all these are within the Eliott's Intermediate to Minor timeframe). 

Did I use anybody's TA to deal? NO, I vested because 13Jul the Williams was -93, knowing Rich has bought at 1.81, using my black magic I predicted Goldman Sachs gonna have ground shaking results and this will change the game. Asking others is to get to know what the general public feels, challenge my own views and make decision based on that.

So what all these bear and bull droppings story about? How does it help me to decide when to go in and when to do out? Difficult I say, I see TA is only one part of a bigger jigsaw. At turbulent time like this, TA is only a small help for me to make a decision for one day ahead, not like some experts who can use TA to predict one year in advance ! (salute - puui!) How on earth one can do that I have no clue.

In short, short this fella in the short term. I can think of better counter to Long (again depend on your long time frame), long if you know the FA well like the rich ex-ceo so happen to have a name called "Rich" then you maybe able to decide to long it.

Above is not an inducement to buy, sell, borrow, lend, short, long, naked or well dressed any shares, just killing time due to insomnia.

 

Is more share in the market means lower sh px? Can anybody share with us?

 

15 July 2009
PARTIAL EXERCISE OF WARRANTS

Singapore: 15 July 2009: Straits Asia Resources Limited (Straits Asia, SGX:SAR) is pleased to announce
that it has received notice of exercise of 10 million warrants into 10 million new Straits Asia shares (New Shares)
at an exercise price of S$1.095 per share. These warrants were part of the 35 million warrants that were issued
to Standard Chartered Bank (“SCB”) pursuant to a Deed Poll executed by the Company on 14 November 2008
as part of the arrangements for financial facilities provided by SCB to Straits Asia in 2008.

10 million New Shares were issued on 15 July 2009 and application has been made for the listing of and quotation
for the New Shares on the Main Board of the SGX-ST. In-principle approval was granted by the Singapore
Exchange Securities Trading Limited (the "SGX-ST") on 2 December 2008 for the listing of and quotation for the
New Shares on the Main Board of the SGX-ST upon the exercise of the Warrants.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_284833B2393E8E96482575F40017B5CD/$file/Partial_Exercise_of_Warrants_10Mil.pdf?openelement

 

Can this one chiong? what px to buy?

 

still a chance for those who never load any last week low @ 1.5x?? Thinking whether worth loading in...reading TA......

 

Hi Thomas_low,

No hard feelings n no offence intended, how about why not u give a shot n share your TA.

If u r new to TA, I had created a thread "Learning TA", search for it n learn as much as u can, hopefully one day, u u can join us in the TA camp here to share n exchange pointers.

I always say: Master TA n you r the master of your trades n the adage: "Learn how to fish n u can fend for yourself forever, relying on others for fish n forever u r reliant on others.

I will try to share my TA if time permits, as I m quite pre-occupied today.

thomas_low      ( Date: 15-Jul-2009 12:44) Posted: Time is here again, 1.68 compare with 1.8 bought by the ex-CEO. What is the general view on this stock? TA to share? Been collecting from low 1.5x last week, waiting for it to go to 2.x. and oil price to rocket. After the US banks bullish results come out it may hit 2.x?? Your view please.

 

Time is here again, 1.68 compare with 1.8 bought by the ex-CEO. What is the general view on this stock? TA to share? Been collecting from low 1.5x last week, waiting for it to go to 2.x. and oil price to rocket. After the US banks bullish results come out it may hit 2.x?? Your view please.