Mermaid Maritime    Last:0.104    +0.001

Mermaid

The weather still bad, people are panick? Ooo selling still ongoing alot.

Wait fr better day than reload, safer.............

Don't rush.

 

Infact , in this initial bull market , price pull back close to 200 day MA  is possible . So it's time to monitor the chart  n do homework already . What is the price close to 200 day MA  ?

 

I unloaded today the moment I saw the index turning south and the sell orders started to build up significantly above 71c.

Took my sell quote and unloaded before leaving for meetings.

I suspect BB has pushed counter to the max on behalf of owners......now it's collection time again for BB. this is where it gets interesting. I was hoping counter move to NTA price but it looks elusive for now.

They are many types of deals that owners can possibly strike with BB.

1. They push to allow owners to beneift up to a certain price.

2. Share are sold to BB at fixed price thereafter. Newflow etc is co-ordianted and BB will push the counter as high as they can with the newsflow that allows them.

I suspect phase 1 is almost over.

Phase II will begin. in due course that will last 2-3 mths taking advantage of the earnings upgrade and newsflow on contracts.

I am still long on this counter as the trend is still up... so will wait for re-entry price.

 

Wow that is a interesting entry point. Quite possible, as oil & commodities up for quite a while. Now a correction to it. To reach this price target, quite possible. Mermaid one bad points is it can be driven by oil price up & down. But is a interesting stock to play.

 

Not now , all off loaded today . Wait till all fear n throw , may be waiting at the previous gap at 51.5 cents .

dealer0168      ( Date: 15-Jun-2009 21:52) Posted: Bintang are u going in fr it again?

 

Actually i hope to get somemore below $0.60. Let continue monitor .....

 

Bintang are u going in fr it again?

 

Mermaid share price was not performing well today , as I mentioned this morning , the gap opened was comfirmed to be a exhaustion gap . And all long positions must be closed after the gap , unfortunately after closing the gap , the price fell lower sharply . At the closing , the daily chart shows a key reversal pattern , may be the price will go down further to fill another gap at 61.5 cents .

 

Tomorrow believe may drop somemore. Stand by to fish at attractive price.

 

 

 

who bought at 63c...very lucky..maybe tomolo, u may get ard this px or cheap...but 63c a good px..it was there a while only..some panic there???..i got at 64.5c..

 

Ooo i mean spare some bullets for averaging if things go bad next few days.

 

But if to buy, don't buy so much at one shot. Profit taking on commodities & oil ongoing. Spare some bullets for averaging if things goes bk on next few days.. Cheers. 

 

The rapid U-turn is a good chance to buy back at <0.65. 

 

I could sense a buying support ,, if u want to buy, then still buy tomolo.

 

Bullets standing by.........

 

This slide is a heavy one for STI index. Will be interesting if Mermaid break the resistance at 0.67 n drop somemore.

That will be attractive.

 

Ready to catch this fish

 

Iran and oil

 

Maybe will down somemore, continue monitor. This type of stock up fast down fast. This is the interesting part of it.

Bintang      ( Date: 15-Jun-2009 09:15) Posted: There are several gaps down under waiting for u .

 

Beautify cornered stock...

I love it when BB start to push a cornered stock and buy everything under the radar.....catching & inducing whoever who bought below 60c to sell to them at this price.

Chart or no chart, at 70c, it is still a discount to NTA plus very low forward PE ratio.

 

Go Go mermaid...