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Weekly chart of Mercator is still okay , but the daily chart has shown some weakness , if the price cannot break new high with bigger volume , I think it's time to take profit .
Anyone on hand got this counter.. ??? hope coming week will be a better.. hehehe sell off if profit up 20% wahahaha
today only 9000k volumes.. come on chong chong
well.. i will wait patiently
Last week US stock fair poorly, impact its progress too. My thought
This baby ride with BDI value. Should be a good sign for it share
er... is that a good sign?
francisd ( Date: 20-May-2009 08:41) Posted:
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19 May 2009
Baltic Dry Index (BDI) +39 2644
Rates
Going up and up.
Why this counter in this forum so quiet.. is this counter really that bad ????
Short covering. Vertical surge price may not sustain.
lsj840428 ( Date: 14-May-2009 22:35) Posted:
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investors must not mix up the fundemental n the technical performance of a stock , good fundemental performance of a stock does not make any good to the stock price n vice versa .it all depends on demand n supply in that stock .
Not to chill out here, but just wondering y this counter recently has been surging....the last Q result was just released n i just went thru it....it doesnt really look good if u dig deeper into the result.......overall net profit for 09 was 75.8 mil which was 45% higher if u compared it to the LAST YEAR performance...but if u separate all the profit quarter by quarter, their Q4 was actually lower if u compare it to the Q4 of last yr.....the overall profit was actually contributed by Q1 and Q2....so for me, i would think it has been overbought if the current uptrend was attributed merely by this news or there might b some other good news which i am not aware....otherwise i guess it might drop soon.....anyway just my 6 cents worth...
Recklessfire ( Date: 13-May-2009 20:50) Posted:
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Still new in this stock analysis. I can see the price to earning ratio pretty low. So I think this a good cheap buy. Any gurus can comment on this one?
Great Run today with great volumes.
Yesterday, the BDI went up by another 144 points now @ 1642. Cheers.
Have a read on the BT report for Mercator before anyone starts chasing up this stock. For those vested, good luck!
Immediate resistance: 17.5c
Next resistance: 19.5c
Volume increased yesterday. BDI on the move upwards. Up yesterday another 182 points now @ 1498. Great news Cheers.
Thanks jackjames, this counter had a very good potential, it is over 50% down from its high. Pays good dividend also. Keeping my fingers crossed.
you got it at very good price..
still remember they are using their stable funds to buy back their shares in thousands of lots size at price of above 60 cents... your price is definitely a steal.
can bet for short term bouncing too.