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" China hongx was 1.4 now? 0.2 or so......base on this drop Chinagaoxian can be ard 6cents........ "
LOL OMG... if 6 cents that will the best entry ever! if 6 cents can delist already..
rutheone1905 ( Date: 08-Feb-2011 00:06) Posted:
struggling on 50% fibonacci, it need a 50% jump in price to break even at the historical high of 0.45. which stk in sgx can perform that stunt? old trader remember the story of China Hongx??? let that be a lesson to those china stk players, such stk can play but once losses bb support cut lost n run.
China hongx was 1.4 now? 0.2 or so......base on this drop Chinagaoxian can be ard 6cents........ |
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UOBKH has try it best to paint a brighter forward picture, all the best. (for next 3yr till 2013).
http://www.nextinsight.net/components/com_ccboard/assets/uploads/5760_85bd568596e0c4adccd6a7bc4a07c7a2.pdf Valuation/Recommendation
• We reiterate a buy increasing our one-year target price to S$0.53 (previous S$0.32) suggesting a 26.2% upside. We value the stock by applying a 10x PE multiple to 2011F earnings, switching to a relative valuation methodology in order to better reflectindustry valuations of both Singapore and Korean peers.
• At 10x PE, we are assuming a 46% discount to Gaoxian’s Korean-listed peers and a 15% discount to its Singapore-listed peers. We believe the discount is justified given: a) execution risk arising from the large scale capacity expansion and b) market risk arising from uncertainty over the PET/PTA price differential going forward.
• Our valuation also implicitly yields a very undemanding 0.53x PEG multiple for the stock, using a three-year average EPS growth of 18.9%. (2010-13 CAGR)
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Some fact about CGX, then was there one who got UOB Kayhian to re-initiate the coverage some 3 mths ago, has anyone cover CGX ?. In fact, have anyone gotten their attentions from analysts of
Kim Eng,
NRA and Asianone apart from
Kayhian. This was before load up, load calling.....for a 0.50c dual listing.
re-freshing: some kind soul reply:
As an experienced investor, oneself should know that it is always chicken and egg, when the counter was thinly traded at cruelly low PE, will houses wants to cover and plenty of investors want to buy? or was it from tipping point per say for the precious UOB Kayhian coverage.
If correct, NRA has bought in the stock after Kayhian covered it starting from S$0.22 cents or so.
teeth53 msg: Isit continuious Mkt Speculation.! or Mkt Manipulation?. Take care don get hurt...ya.
KDR dropped until ard 29cents closed i think.
struggling on 50% fibonacci, it need a 50% jump in price to break even at the historical high of 0.45. which stk in sgx can perform that stunt? old trader remember the story of China Hongx??? let that be a lesson to those china stk players, such stk can play but once losses bb support cut lost n run.
China hongx was 1.4 now? 0.2 or so......base on this drop Chinagaoxian can be ard 6cents........
touch 50% fibonacci, niuyear did u hop? 61.8% i.e. 0.335 is a strong resistance.....dump if u profit cos no bb interested for timebeing.
niuyear ( Date: 31-Jan-2011 09:56) Posted:
ok lar, i will 'hop' those falling knives.
rutheone1905 ( Date: 31-Jan-2011 09:41) Posted:
| Drop to 61.8% of fibonacci, anyone wanna catch a falling knife can try ur luck maybe the bb interests may suddenly come back to let u profit. |
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Wishes all a happy and prosperous Happy Lunar Rabbit CNY 2011.
Cautious optimism trading ahead, take care " Win or loss, Be happy" . BBs had done their work and has collected theirs, leaving some (market will have to take it own course, its can be pump up n dump).
Its clear, its cloudy, was trying to clear some cloud, so as to see d big picture--better.
CGX has to run it own course as it fail to move forward several times on it anticipated trade px.
A fallen knife is not exactly a falling knife with heavy buying volume (and not mentioning d selling volume--
it got to changed hands).
STOP! is the recommendation and start to find d bottom (afterall cheap
can get cheaper), then again
go long term--if,
then if again prices goes down--re-access again.
Its clear (Wrong-footed ?) , its cloudy. (CGX has to run it own course)
krisluke ( Date: 04-Feb-2011 15:40) Posted:
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China Gaoxian Back To IPO Level Short Term Bulls Wrong-footed
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Is a stock at $0.33 cheap if it was trading three weeks ago at $0.47? Many speculators probably think so. No doubt many will be wondering how much they could profit if price just went back to the previous level.
If you feel like jumping in to buy China Gaoxian, STOP! Although the stock is not exactly a falling knife, some caution is required to handle price corrections such as this. Let’s look at the facts.
- Price looks like a falling knife because there was a big price drop accompanied by high volume.
- However it is still part of an uptrend since it is above the 200-day moving average and we can see no obvious bearish reversal pattern.
The two observations above contradict. What should we do?
From October 2010 to January 2011, the counter went through a steep rally that saw price more than double. In such a situation, a steep correction is probably justified. In technical analysis, there is a rule that says that steep rallies are not sustainable because short term bulls earned a lot of money in a short time and therefore are prone to profit taking. As price comes down, those who bought high add to selling pressure when they cut losses. Lastly, bears who know this rule are naturally emboldened to short sell because they expect correction to take place.
What is important is not to commit too quickly. Afterall cheap can get cheaper. We want to find a place where the selling ends and we can buy a safe rebound.
As long as price finds support at or above the 200-day moving average, long term bulls are likely to agree that the uptrend in price is intact. Wait for price to come to this moving average or any support above that before committing. Long term bulls could also wait for price to make sideways consolidation. Such consolidations can form good bases for subsequent rallies to come. When you buy at a good base, you can probably sleep better at night.
One point to note though: if prices go down past the 200-day moving average non-stop with high volume, a re-evaluation might be necessary.
View Full-sized Image
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Re-evaluations invariably come when the trend
becomes evident ie. after it has happened.
Thus, trends can only be observed to happen, and can never be predicted by anyone...
This is so even if a moving average is above itself, be it 10-day, 100-day, or 200-day, etc...
China Gaoxian Back To IPO Level Short Term Bulls Wrong-footed
|
Is a stock at $0.33 cheap if it was trading three weeks ago at $0.47? Many speculators probably think so. No doubt many will be wondering how much they could profit if price just went back to the previous level.
If you feel like jumping in to buy China Gaoxian, STOP! Although the stock is not exactly a falling knife, some caution is required to handle price corrections such as this. Let’s look at the facts.
- Price looks like a falling knife because there was a big price drop accompanied by high volume.
- However it is still part of an uptrend since it is above the 200-day moving average and we can see no obvious bearish reversal pattern.
The two observations above contradict. What should we do?
From October 2010 to January 2011, the counter went through a steep rally that saw price more than double. In such a situation, a steep correction is probably justified. In technical analysis, there is a rule that says that steep rallies are not sustainable because short term bulls earned a lot of money in a short time and therefore are prone to profit taking. As price comes down, those who bought high add to selling pressure when they cut losses. Lastly, bears who know this rule are naturally emboldened to short sell because they expect correction to take place.
What is important is not to commit too quickly. Afterall cheap can get cheaper. We want to find a place where the selling ends and we can buy a safe rebound.
As long as price finds support at or above the 200-day moving average, long term bulls are likely to agree that the uptrend in price is intact. Wait for price to come to this moving average or any support above that before committing. Long term bulls could also wait for price to make sideways consolidation. Such consolidations can form good bases for subsequent rallies to come. When you buy at a good base, you can probably sleep better at night.
One point to note though: if prices go down past the 200-day moving average non-stop with high volume, a re-evaluation might be necessary.
View Full-sized Image
Its clear, its cloudy, was trying to clear some cloud, so as to see d big picture--better.
CGX has to run it own course as it fail to move forward several times on it anticipated trade px.
Reference to load up, load up be4 been left out. (pls do ur own analysis--homework)
teeth53 ( Date: 02-Feb-2011 11:22) Posted:
It nothing to feel bad or feel good, it about been careful not to get in rackless bull trapping. Buying on hope
Its was clear and its was been cloudy. (oneself will have to take each chances as it comes.)
Just sharing my trade experience. Hope those vested, take opportunties when it arise, don hope too much that it can chiong again (on short term), as it can take sometimes and or long times to find it own footing again,
Has been mentioned be4 > 0.40c--it cool, > 0.50c--not so cool, > 0.60--not cool at all and 0.80c--real hot.
(She-CGX. may have oredi run it courses) Just sharing my own observation and thot.
niuyear ( Date: 02-Feb-2011 10:45) Posted:
Hi Sir,
Whats the BAD news about this counter, kindly enlighten since you have been giving advice. 
" LOAD UP BEFORE YOU ARE LEFT OUT!"
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Base on this year Feng shui on GX, Gao means Dog and Xian means Salt. Both add up to dog eat salt, so life a bit salty and bitter. And listing in krx means war zone = death. And in year of rabbit, dog is not cute anymore so rabbit is the in thing now. And with CEO name Cao Xiangbin, it means cao cao, a cunning general in the past. And Xiangbin means surrender to solider, and that also means gone case liao. I should study deeper into Feng shui before krx listing!!! Wa Cow
It nothing to feel bad or feel good, it about been careful not to get in rackless bull trapping.
Buying on hope
Its was clear and its was been cloudy. (oneself will have to take each chances as it comes.)
Just sharing my trade experience. Hope those vested, take opportunties when it arise, don hope too much that it can chiong again (on short term), as it can take sometimes and or long times to find it own footing again,
Has been mentioned be4
> 0.40c--it cool,
> 0.50c--not so cool,
> 0.60--not cool at all and
0.80c--real hot.
(She-CGX. may have oredi run it courses) Just sharing my own observation and thot.
niuyear ( Date: 02-Feb-2011 10:45) Posted:
Hi Sir,
Whats the BAD news about this counter, kindly enlighten since you have been giving advice.
" LOAD UP BEFORE YOU ARE LEFT OUT!"
teeth53 ( Date: 02-Feb-2011 10:01) Posted:
Tis has went on b4 d official listing in KOSPI. For others may has many opinionated choices (good, bad or ugly), if it is taking as offence, it's mean only as defend for oneself, just my imagined slights. To each it own, listen to yours and only.....let hope for the best and prepare for the worst.
I can only stick my own nose and not into others, happy trading and good luck, take care.
Happen last wk. its clear (healing--unheal), its cloudy (mean to prepare for uncertainty) Y like that ??
Oredi " Si Bei jialat liao" , then, " Ko Kia Jialat lehh" , then again " Si Bei Ko Ka Jialat" .
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( Date: 25-Jan-2011. Note times posted--10:51:00)
it's trying to chase after it fallen price and keeping been fallen off the cliff. thot Si Bei jialat liao...just now, then again...Ko Kia Jialat lehh...stablizing at (( (Oni for illustration--below it last wk traded px)
| ChinaGaoxian |
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0.410 |
0.370 |
-0.070 |
-15.9 |
Vol-51,837,000 |
1,869,000 |
0.370 |
0.375 |
| ChinaGaoxian |
|
|
0.410 |
0.375 |
-0.065 |
-14.8 |
Vol-51,699,000 |
1,794,000 |
0.370 |
0.375 |
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And rabbits can run real fast too...
which can mean no more laggards
or 'consolidaters'...
niuyear ( Date: 02-Feb-2011 10:58) Posted:
niuyear ( Date: 02-Feb-2011 10:56) Posted:
Rabbits are ruling the year of 2011, no bears or bull.
hahaha |
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niuyear ( Date: 02-Feb-2011 10:56) Posted:
Rabbits are ruling the year of 2011, no bears or bull.
hahaha!
iPunter ( Date: 02-Feb-2011 10:51) Posted:
In the stock market, Bulls hate bears...
And bears hate bulls...
This is perfectly normal, and good...
As long as one doesn't remain a bear or a bull.. .
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Rabbits are ruling the year of 2011, no bears or bull.
hahaha!
iPunter ( Date: 02-Feb-2011 10:51) Posted:
In the stock market, Bulls hate bears...
And bears hate bulls...
This is perfectly normal, and good...
As long as one doesn't remain a bear or a bull.. .
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In the stock market, Bulls hate bears...
And bears hate bulls...
This is perfectly normal, and good...
As long as one doesn't remain a bear or a bull.. .
Hi Sir,
Whats the BAD news about this counter, kindly enlighten since you have been giving advice.
" LOAD UP BEFORE YOU ARE LEFT OUT!"
teeth53 ( Date: 02-Feb-2011 10:01) Posted:
Tis has went on b4 d official listing in KOSPI. For others may has many opinionated choices (good, bad or ugly), if it is taking as offence, it's mean only as defend for oneself, just my imagined slights. To each it own, listen to yours and only.....let hope for the best and prepare for the worst.
I can only stick my own nose and not into others, happy trading and good luck, take care.
Happen last wk. its clear (healing--unheal), its cloudy (mean to prepare for uncertainty) Y like that ??
Oredi " Si Bei jialat liao" , then, " Ko Kia Jialat lehh" , then again " Si Bei Ko Ka Jialat" .
_________________________________________________________________________________
( Date: 25-Jan-2011. Note times posted--10:51:00)
it's trying to chase after it fallen price and keeping been fallen off the cliff. thot Si Bei jialat liao...just now, then again...Ko Kia Jialat lehh...stablizing at (( (Oni for illustration--below it last wk traded px)
| ChinaGaoxian |
|
|
0.410 |
0.370 |
-0.070 |
-15.9 |
Vol-51,837,000 |
1,869,000 |
0.370 |
0.375 |
| ChinaGaoxian |
|
|
0.410 |
0.375 |
-0.065 |
-14.8 |
Vol-51,699,000 |
1,794,000 |
0.370 |
0.375 |
|
|
GuavaXF30 ( Date: 02-Feb-2011 08:28) Posted:
| Unfortunately I have to agree with you. Now that the KDR news is confirmed bad, there is no more play for this counter. People with cash would be smarter to park it elsewhere. With no more interest other than from people stuck and trying to get out, there is only one way for the price to go. Management really screwed up bad this time. Will need at least one year for the pain and sorrows to be forgotten...: |
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Today the market so "
guai-guai" (very nice)...
Re-freshing again....with well meaning intention, take your chances when opportunties arise.
teeth53 ( Date: 30-Jan-2011 21:41) Posted:
Meanwhile who will be undertaking care of margin lost (punters), pay up matters when it's time to pay up ??. Go long or short, buy/sell/hold or let go--it all a very personal choice. Happy trading along, take care.
Share Likely to Overhang
Many small retailers have been lured and got caught into Gaoxian shares in tis spectacular huge run up, even till last minute calling for at least 0.50c for continuing calling for load up, load up before anything else, refering to KOSPI anticipated speculative share price, which is set at 0.405c.
Many who bot at the high of 0.47c, would be awaiting anxiously for their chances to get out of the this burnt pot, history has it now, can takes a long time b4 CGX share price can recover to its previous high as no BBs boys would be senseless or foolish enuff to come along to undertak losing position for retailers who bot at an ever increasingly higher and at riskingly price.
Thus, would be sellers dying to come out of their losing position at every turn, sell into strength or cut it lost.
teeth53 thot - Sharing and speaking from past experience. It your choice, do take care not to get hurt again.
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Tis has went on b4 d official listing in
KOSPI. For others may has many opinionated choices (good, bad or ugly), if it is taking as offence, it's mean only as defend for oneself, just my imagined slights. To each it own, listen to yours and only.....
let hope for the best and prepare for the worst.
I can only stick my own nose and not into others, happy trading and good luck,
take care.
Happen last wk.
its clear (healing--unheal), its cloudy (mean to prepare for uncertainty) Y like that ??
Oredi " Si Bei jialat liao" , then,
" Ko Kia Jialat lehh" , then again " Si Bei Ko Ka Jialat" .
_________________________________________________________________________________
( Date: 25-Jan-2011. Note times posted--10:51:00)
it's trying to chase after it fallen price and keeping been fallen off the cliff. thot Si Bei jialat liao...just now, then again...Ko Kia Jialat lehh...stablizing at (( (Oni for illustration--below it last wk traded px)
| ChinaGaoxian |
|
|
0.410 |
0.370 |
-0.070 |
-15.9 |
Vol-51,837,000 |
1,869,000 |
0.370 |
0.375 |
| ChinaGaoxian |
|
|
0.410 |
0.375 |
-0.065 |
-14.8 |
Vol-51,699,000 |
1,794,000 |
0.370 |
0.375 |
|
|
GuavaXF30 ( Date: 02-Feb-2011 08:28) Posted:
Unfortunately I have to agree with you. Now that the KDR news is confirmed bad, there is no more play for this counter. People with cash would be smarter to park it elsewhere. With no more interest other than from people stuck and trying to get out, there is only one way for the price to go. Management really screwed up bad this time. Will need at least one year for the pain and sorrows to be forgotten...:(
teeth53 ( Date: 01-Feb-2011 21:42) Posted:
Last Friday closed @ 0.335c
Yesterday Monday closed @0.315c and
Today (Tues) it closed @0.300c,
Trade Summary--Volume is getting lower during n for tis pre lunar Rabbit CNY 2011.
teeth53 thot--Expect range bound 0.29c-support, 0.335c-profit take tis coming week reference to last wk px, hope i m wrong, simply wanted many to win and or break even and to cut lost when opportunities arise.
Hope tis coming rabbit year can there is provision for more ammo by BBs (push and dump) and taking your chances well. (Buy/Sell/Hold or let go) It a very personal choice.
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