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CapitaLand: Too early to bottom fish

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morton
    10-Jul-2007 11:54  
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I am also vested in this counter, and have been watching it closely the last few days. I have noticed that even ever the price goes up to 8.05-8.10, there will be a big sell down (1000 lots or so). It almost seems like there is a deliberate attempt to control the price around 7.9-8.0. Sigh.... Did anyone else notice this? Any idea what's going on?
 
 
rickytan
    10-Jul-2007 09:01  
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Good Morning red1721,

Yes, I am also waiting for price to go up.  It has been trading range bound for quite some time.  Hope price can go beyond  $8.15 for me to unload some :)
 
 
red1721
    10-Jul-2007 08:50  
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Well, lets see if the news about capitaland this morning will push it foward a bit upwards...
 

 
gondola18
    09-Jul-2007 23:33  
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Does anyone has an idea when this counter is gonna rise ?  Pretty stagnant at $8....sigh
 
 
SavvyInvestor
    29-Jun-2007 17:01  
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Huhu... lets make it a "Buddha jump over the wall", and not " Buddha trip over the wall"..
 
 
rickytan
    29-Jun-2007 16:56  
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Hi SavvyInvestor,

If the price shoot up to the high of $8.75 or even higher, than I can also go for "buddha jump over the wall" liao.  I am still holding some bought earlier....  In case you are not aware, I just read a report that there is a new analyst report revising target price to $10.60 ( of course target prices are to be taken with a pinch of salt).  However, it should give it some boost !
 

 
SavvyInvestor
    29-Jun-2007 16:39  
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rickytan, u r so humble, make kopi lui happy liao.. me aiming Fo Tiao Qiang. Smiley
 
 
rickytan
    29-Jun-2007 16:27  
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Hi SavvyInvestor,

wow, you are right man.  So you are one of the big boy or have insider info huh :)  I picked up one lot at  $7.60 to see it go down to as low at $7.40.  Today, contra off at $7.90 and made some kopi $$$.  Cheers !
 
 
SavvyInvestor
    29-Jun-2007 15:48  
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As expected, fighting its way up to close above $8/=. Good job, BB. Smiley
 
 
SavvyInvestor
    29-Jun-2007 14:05  
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huhu... 10 cents u heart attack, highly leverage huh? lets see if it can close above $8/= today.
 

 
chendol
    29-Jun-2007 13:33  
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savvyinvestor,

i also think it has bottomed so i bought @7.50 but 1 minute later dropped to 7.40 ! taught i will get heart attack. kia si liau...
 
 
SavvyInvestor
    29-Jun-2007 11:53  
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Anyone picked up this counter when I gave a call on 27 June to bottom fish it? If yes, gratz..
 
 
cheongsl
    29-Jun-2007 11:45  
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Target $9.6 ???Smiley
 
 
vanillin
    28-Jun-2007 21:33  
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gho485
    27-Jun-2007 13:13  
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noted thanks...
 

 
SavvyInvestor
    27-Jun-2007 12:45  
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gho485, Friday will be the day to confirm if my call is right/wrong. My guess is that the currwent fall is to flush out all weak holders.
 
 
gho485
    27-Jun-2007 12:26  
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savvyinvestor, what confirmation on friday? kindly enlighten me
 
 
SavvyInvestor
    27-Jun-2007 12:17  
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I tink its now the right time to bottom fish this counter and wait for confirmation on Friday. Lets all wait and see if my call is correct.

 

ps:- not an inducement to trade.
 
 
gho485
    27-Jun-2007 12:09  
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anyone care to share why this counter has been dropping in price for the past few days?
 
 
Pinnacle
    26-Jun-2007 09:26  
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CapitaLand is set to launch two more property funds this year with initial funds of S$500m each.

This will raise the Group?s assets under management from the current S$14b to about S$17b-18b.

The company hopes to generate 15-20% of its pre-tax profit from funds management business from the less than 10% now. Smiley
 
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