COSCO SHP SG    Last:0.122    +0.001

CoscoCorp

wow! so many downgrades!

s100125      ( Date: 02-Aug-2011 11:55) Posted: Many are downgrading Cosco , still have much room to go down further. Those who long take care! Cosco Corp – CIMB cut target price from $2.30 to $1.40, still based on 15x CY12 P/E, a 15% discount to Singapore rig-builders Cosco Corp – Credit Suisse maintain UNDERPERFORM rating and reduce target price to $1.20 from S$1.60 Cosco Corp – BNP Paribas lower its target price to $1.30, maintain reduce Cosco Corp - Citi Investment Research downgrade to Sell TP $1.50. EPS and Orderbook Momentum in Opposite Direction Cosco Corp – Nomura reiterate its Reduce rating with a price target of $1.53 Cosco Corp - Deutsche Bank downgrading to Sell with a target price of $1.25 Cosco Corp – BNP Paribas lower its target price to $1.30, maintain reduce

 

i prefer to punt at 1.435..

it keeps hitting 1.5 like how it hit 1.7 yesterday @_@

Isolator      ( Date: 02-Aug-2011 11:52) Posted: Cosco no longer suitable for long term investment as it will get lower and in  steep downtrend.... It is good for trading..... But price down go down straight, there will be a technical rebound....  Those who short at 1.8 will always have safety net on the big gap.... Sure to have profit.... Anyway, there will be a technical rebound.....

 

If the 1.50 is the right support, there will be retracement upward, it may close some of the gap in next few day..... But it will  retest the 1.50 again after the retracement.... I will short when during the retracement... Now just  buying for the technical rebound....

 

I don't cover now because I don't know if there is going to be another round of sell down or not.

The theory is that if there is going to be a sell down, price should hover near its low and not move above $1.55.

If price move back above $1.55, it means that the sell down is most likely over and price would continue upwards to cover the gap.

Please note that this is a general theory, it's not 100% accurate.

GuavaXF30      ( Date: 02-Aug-2011 11:50) Posted: Chief Alex, sorry to ask but does that not mean that you should buy back and cover now at 1.505 rather than wait till 1.55 ? Sorry, I'm goondu when it comes to these technicals. alexchia01      ( Date: 02-Aug-2011 11:46) Posted: There is no fixed rule in covering short. It all depends on your preference. Some people cover when their T.P. is meet. Some people cover when they feel price is overstretch. Some people cover on first instant of white candlestick. Some people cover on price pulling back over their trailing stop. Some people cover on reversal signal. For me, I would cover on my trailing stop which is set at $1.55 now.

 

Slowly it would go down to fill this gap .

Bintang      ( Date: 01-Aug-2011 10:42) Posted: There is a gap at $1.28 remains unfilled . Bintang      ( Date: 01-Aug-2011 09:57) Posted: Bouncing back from the critical support at $1.71 , Cosco went up slightly to $1.73 . But it is still in  very weak downtrend

 

Totally agree with your reading. Well-done.

Isolator      ( Date: 02-Aug-2011 11:52) Posted: Cosco no longer suitable for long term investment as it will get lower and in  steep downtrend.... It is good for trading..... But price down go down straight, there will be a technical rebound....  Those who short at 1.8 will always have safety net on the big gap.... Sure to have profit.... Anyway, there will be a technical rebound.....

 

Many are downgrading Cosco , still have much room to go down further.

Those who long take care!


Cosco Corp – CIMB cut target price from $2.30 to $1.40, still based on 15x CY12 P/E, a 15% discount to Singapore rig-builders

Cosco Corp – Credit Suisse maintain UNDERPERFORM rating and reduce target price to $1.20 from S$1.60

Cosco Corp – BNP Paribas lower its target price to $1.30, maintain reduce

Cosco Corp - Citi Investment Research downgrade to Sell TP $1.50. EPS and Orderbook Momentum in Opposite Direction

Cosco Corp – Nomura reiterate its Reduce rating with a price target of $1.53

Cosco Corp - Deutsche Bank downgrading to Sell with a target price of $1.25

Cosco Corp – BNP Paribas lower its target price to $1.30, maintain reduce

 

Since after Feb.... just look at Indo,yangzijiang ,Yandlordand noble...they are the STI component index... It seem banking are the one that really rally to keep STI up...

Isolator      ( Date: 02-Aug-2011 10:04) Posted: BTW, when Cosco can break down.... It mean markets should not be too good.... So better take a look  on your portfolio to do some adjustment... reduce explosure....

 

Cosco no longer suitable for long term investment as it will get lower and in  steep downtrend.... It is good for trading..... But price down go down straight, there will be a technical rebound....  Those who short at 1.8 will always have safety net on the big gap.... Sure to have profit.... Anyway, there will be a technical rebound.....

 

Going to test the $1.50 again....... Once break will send the price to $1.40 Very soon..................

 

Chief Alex, sorry to ask but does that not mean that you should buy back and cover now at 1.505 rather than wait till 1.55 ? Sorry, I'm goondu when it comes to these technicals.

alexchia01      ( Date: 02-Aug-2011 11:46) Posted: There is no fixed rule in covering short. It all depends on your preference. Some people cover when their T.P. is meet. Some people cover when they feel price is overstretch. Some people cover on first instant of white candlestick. Some people cover on price pulling back over their trailing stop. Some people cover on reversal signal. For me, I would cover on my trailing stop which is set at $1.55 now. wisann      ( Date: 02-Aug-2011 11:31) Posted: Sifu Alex, may I know roughly at what price will you cover your short?

 

There is no fixed rule in covering short.

It all depends on your preference.

Some people cover when their T.P. is meet.

Some people cover when they feel price is overstretch.

Some people cover on first instant of white candlestick.

Some people cover on price pulling back over their trailing stop.

Some people cover on reversal signal.

For me, I would cover on my trailing stop which is set at $1.55 now.

wisann      ( Date: 02-Aug-2011 11:31) Posted: Sifu Alex, may I know roughly at what price will you cover your short? alexchia01      ( Date: 02-Aug-2011 11:19) Posted: I love CoscoCorp. Currently, my Best Short Counter. There could be a technical pull back to cover the gap in the next few days, but after that, CoscoCorp is going to continue its downtrend. Will Cover my Short on the pull back.

 

Tomorrow may on quick rebound, oversold position today.

wisann      ( Date: 02-Aug-2011 11:31) Posted: Sifu Alex, may I know roughly at what price will you cover your short? alexchia01      ( Date: 02-Aug-2011 11:19) Posted: I love CoscoCorp. Currently, my Best Short Counter. There could be a technical pull back to cover the gap in the next few days, but after that, CoscoCorp is going to continue its downtrend. Will Cover my Short on the pull back.

 

wow!

good luck and all the best!

Isolator      ( Date: 02-Aug-2011 09:53) Posted: Got it at 1.505...... Cut loss at 1.49, profit at 1.57..... Go go go.... lol

 

Sifu Alex, may I know roughly at what price will you cover your short?

alexchia01      ( Date: 02-Aug-2011 11:19) Posted: I love CoscoCorp. Currently, my Best Short Counter. There could be a technical pull back to cover the gap in the next few days, but after that, CoscoCorp is going to continue its downtrend. Will Cover my Short on the pull back.

 

hm.. i wonder later there will be another round of selling like ezra tat day..

alexchia01      ( Date: 02-Aug-2011 11:19) Posted: I love CoscoCorp. Currently, my Best Short Counter. There could be a technical pull back to cover the gap in the next few days, but after that, CoscoCorp is going to continue its downtrend. Will Cover my Short on the pull back.

 

I love CoscoCorp.

Currently, my Best Short Counter.

There could be a technical pull back to cover the gap in the next few days, but after that, CoscoCorp is going to continue its downtrend.

Will Cover my Short on the pull back.

 

No matter what... One should always trade at your own risk... One loss doesn't mean you'll continue losing and one win doesn't mean you'll continue winning... It's all about keeping your losses short and letting your profits run... :) Congrats to those who have shorted! I agree it's a good trade and what awesome returns!!

muifan      ( Date: 02-Aug-2011 09:56) Posted: Like what i told ipunter sifu la... standard.. when isolator predict correctly, he is god when pple predict wrongly, he is dog... and still keep calling people names...knnb stocksburntme      ( Date: 02-Aug-2011 09:35) Posted: where is confident isolator?

 

master isolator, does tat mean the shipping industry will always lead the world's markets?

Isolator      ( Date: 02-Aug-2011 10:04) Posted: BTW, when Cosco can break down.... It mean markets should not be too good.... So better take a look  on your portfolio to do some adjustment... reduce explosure....

 

I agree :)

  I salute the way you trade, bro. Have the guts and stick to what you believe, no matter what :)

Isolator      ( Date: 02-Aug-2011 10:01) Posted: Why bother you are god, dog, or ghost.... Most important is preserve capital when it is wrong..... Dont let the hurt affect your other trade.... Continue as before...