
Unlikely will go back >$1.7 these few days. The supporting price is at $1.6 if it continues to slide.
No basis to go up unless oil price shoots up.
rachael ( Date: 18-Jun-2009 12:54) Posted:
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foucs6900 thanks for your "kind" encouragement



haha dun worry the most loss $, me hv loss few Ks liao during tis past weeks correction, cheers life goes on....
die liao lah....I brought at 16 lots at $1.79 on Monday......hope it will not go down anymore. stormwatch, I hope you are right.
It should bounce back and gain strength if today drops to 1:66...and get back at 1:74.
Tomorrow may see the back marker horse to show his characteristic re-charge.
Hope to watch this stock ru

lucky dump at high yest...buy again when go below 1.70.
what happen to this fellow, it has been doing quite well le .... today dunno what happen to him le
SAR could still be consolidating as "Trade Summary" shows a "tug-of-war" between the bulls n bears.
This is not an inducement to buy, sell or hold, just my opinion. dyodd.
AJ1 (StraitsAsia)
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Just in case you didn't know:
Worldwide use of coal is primarily as fuel for electricity generation, where it produces steam which drives turbines, and then generators to produce the electricity. About 75% of over 6 billion tons annual world coal production is used to generate electricity.
Oil price is nudging up all the time, solar, nuclear, wind are not here yet in scale we wanted, so what next? Palm Oil and Coal is what we get regionally. If you dont buy, your local electricity generator will buy.
based on this theory of PTT, my uncle uses coal for BBQ last weekend instead of charcoal, so we must but SAR....haha...when he switches to charcoal then we sell.
come on...all stock gone south.today....this one not so bad...and what PTT got to do with SAR...just becos they are shareholder, does not means the share got to follow them, ..they are just a major shr holder...that is all...
stormwatch ( Date: 18-Jun-2009 01:25) Posted:
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In Bangkok, PTT PTT.BK, the biggest energy firm, fell 3.2
percent and Bangkok Bank BBL.BK, the biggest bank, lost 3.3
percent.
Now heading south.....lau sai
SAR could be consolidating as "Trade Summary" shows a "tug-of-war" between the bulls n bears.
AJ1 (StraitsAsia)
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it's Indonesian alrite..hard to say at this juncture if coal price will drop so drastically as mentioned as this is just speculative. rite now the Dow Futures and Crude Oil Futures are up. There might be a rebound tonite and tomorrow.
Explicit ( Date: 17-Jun-2009 13:41) Posted:
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pardon me, but are SAR's operations based in China?
i think it's predominantly Indonesian.
correct me if i'm wrong
i think it's predominantly Indonesian.
correct me if i'm wrong
This is not news, everyone knows this year coal price is not as good as last but look at next year when recovery is here (we cannot deny or choose to deny it will come) stock market is forward looking mechanism of raising money, so we are buying for future. One thing we can all be sure is the energy price will rocket by hook or by crook, so Coal futures go up little go down little does not matter, the general trend is up and steady. Who dare to say energy going to get cheaper for the next year? Shortist say tomorrow is cheaper then next day i dont care. So that is not what we are saying here. ENERGY IS GOING TO GET SUPER EXPENSIVE !! WATCH THIS SPACE.
stormwatch ( Date: 17-Jun-2009 13:30) Posted:
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CHINA TO SEE DECLINE IN COAL EXPORT PRICE AND VOLUME
Wednesday June 17, 2009 00:32:36 EDT
SHANGHAI, Jun 17, 2009 (AsiaPulse via COMTEX News Network) --
China is expected to see a decline in both coal prices and exports to the major destinations of Japan and South Korea, said experts.
Market hearsay went that China Shenhua Energy Co., Ltd (601088.SH; 1088.HK), the country's largest coal producer, will likely reduce the price of coal exports to 79 U.S. dollars per ton, dropping nearly 40 per cent below last year's 131.4 dollars per ton.
Statistics from the General Administration of Customs showed that China's coal exports dropped more than 40 per cent in the first five months of this year.
Analysts are predicting that China's coal export price and volume will both post sharp declines in 2009.
Shenhua also witnessed a 37.2 per cent decline in its exports from January to May.
Chen Guangshui, general manager of Shenhua's investor relations department, forecasted that his company's 2009 coal export price and volume will be lower than those in 2008.
As coal demand from Japan and South Korea has been shrinking, Chinese coal enterprises may reduce coal prices to retain their overseas customers, said Jin Run, an analyst with Guotai & Junan Securities.
this week market going thru a healthy correction. the action will be back in 2 weeks time, end of June 09 for half-yearly closing.
Consider selling as 4th wave overshoot now, 5th wave is here already, I tend to think positive at the moment as TA supports that. Liquidity is there and load more new money coming in, so this round boat misser can join the party, fear will cost you.