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This counter cannot keep dropping everyday lah...give chance lah!....I am going to tikam tikam this counter now since it presents an opprotunity now.
I see this counter being a $3.00 stock in the mid to long term, might be sooner in January 2008. If you do not mind the short term volatiility, I think it's a good entry at this price of 2.30.
Look closer then I realise yesterday's drop was propbably due to a gap at 207/210. It can't be seen in the Daily chart, but switch to the 1 hours chart or the 30 minutes chart and it's obvious. If that is true, there will be another leg down to close gap before advancing. Cheers, happy trading.
Think Synear will consolidate around 2.11 +/- 0.02, but may retest the 2.05/7 zone.
Anyway, watch the indicators carefully, signs of settling down, may not turn downwards yet. Thursday's rebound volume is only so-so.
A little hyper today coz GOLD and OIL are dropping from their recent high. Yeepee!
kilroy...you so evil...lol!
aiyah, why did you expose the 'mouse trap'? hehe.
Today's last 15 mins cheong seemed furious and strong, but look at the volume traded, not as high as before. If you have observed, the volume is dropping day by day, a sign of downtrend (temporary I hope).
Nomura targeting to 2.68 ... but like always ... their recomendation is always late ...
Today is a great day .. make one entry and exit point so fast ...
2.09 -> 2.22 ... what a great day ... :D
I have let go all my lots from yesterday's holding. Exit 2.23. Hope to collect lower at later days. Cheers.
With current situation, it's unlikely synear move down bellow 2.0.
Once I did the same like you, concentration, but I prefer diversify my portfolio now. I have fun from buy and sell, and it also improve my trading instict. Compare with what I have earned, broker fee is not so big. Perhaps you need to find cheaper broker
You can look at PFood now, it's close to buy in period. All TA and FA are showing good. Just need 1-2 days to get in.
Hi Techsys
Anything is possible at this juncture. It could move down to below $2 range before coming up again. Or tomorrow may spike up before coming down to below $2. I am betting on the latter. All comments are welcome.
I do sound like falling in love with this counter. I usually don't split my $$ too much on many counters and I dun usually jump around, brokerage fee can be hefty. What I usually do in focus investment. Once I spotted potential, I will zero in and investment is concentrated. Hence I can monitor it very closely and very detail, if there is detail for me to read...lol. At once I dump all my $$ in SPC which shot up almost 40% but sucumb to the credit crisis.
So I will be praying tomorrow a UP day. As soloman had said, all China play will be up at the end of the year. So, I might just hold the horse for this counter. Cheers!
Hi Idesa, you seem falling in love with this counter.
Anyway, Synear still good, but risky. I have detected pre-bearish signal here. But it could be wrong. Think it will go arround 2.0 - 2.1 first .. before up ..
Thanks soloman. Your advise will be remembered.
Hi Idesa168,
The most is one or two more days. Sentiments will change anytime before 9 Oct
Hedge funds normally operate for short term play
More important - don;t buy & sell quickly when stocks go down by a few cents
I myself have still some China stocks - but keeping till before Olympic Games
Take care , to all - I personally like to see all small time retail players benefit
Thats my style
Hi Soloman, I am just thinking aloud that the news of these funds coming into S'pore mkt had caused the stock to spike up and once they are up, valuation will not be attractive anymore. Why would Chineses fund select the Chinese stock here when they are no longer attractive? If they are on par with the Hshares, then why buy the Sshares. Probably bcos of that, the selldown comes today, and might be tomorrow as the fund will start on 9 October, which is next Tuesday. Do you think there will be another leg down by the hedge fund if my guess is correct? There is no TA and FA play here. All in the mindset of human and as you know, human are all kelong one...lol.
Dear all - current selldown at 3pm is intentional = by Hedge funds
Remember they sell down and then buy up cheaply - thats their style
All who hold China stocks - do not despair
FTSE CHINA index will be up by year end
Thanks soloman. You are always providing such info which are invaluable to all forumers here. Thanks again.
Synear sales going on - because one of the strongest run up
Try other China plays as CIMB, Merill says
Where PER is big difference in Spore & HK (e.g China Sun (Merrill's pick)
Year end also FTSE CHINA INDEX coming up
Then - all China stocks will go up