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Btr catch it at a good price before its too late!!
Not Temasek. Is GIC holding major shares.
i will use CPF to buy........ what u all suggest ......any comment .....anyway got backing from temasak....
The " Neutral" talking about TA, from the technical point of view and judging from the yesterday trades, total 4,909 lots were bought from Seller & 3,671 lots were sold to Buyer, trading activities is bullish. CMZ bearish momentum has eased up and therefore the downside is limited. Coupled with reasonable Q3 result, I think CMZ will rebound soon if market sentiment is not going to so bearish. Frist TP is $0.69 and $0.78 in extension. Just my 2 cents. Caveat & DYODD please.
director in the company is buying back the share means that there are confident in it......
just check their NAV is above $1....... downside risk is lesser at 0.58....
actually my broker yesterday told me CMZ plunge to hit 55 cts is TOTALLY NOTHING due to it's results or FA.......
He said something abt becos after it fell to hit a low of 84 cts in Oct 2011, THEN rebounded strongly to hit $1.10 a few short later BUT UNABLE to clear above $1.10 hence he said don't say what wedge simi fibonacci, wave count etc etc (anyway it is his charting/TA which he said becos of that failed $1.10 break, CMZ EXTREMELY LIKELY will fall to hit a low of 55 cts bottom within the next 1 year counting from Oct 2011. That's why I did not buy CMZ during this year JAN.
He said the shortists in CMZ are simply just using this current very bearish market sentiment as a opportunity/excuse to quickly achieve their target price of causing CMZ to hit 55 cts.
This is my broker's view, don't know he correct or not.??
He also said something similar on Yanlord last year during JAN 2011, he said becos Yanlord unable to clear a certain level in 2010.hence yanlord need to complete the final picture to fall to 66-67 cts then able to resume back uptrend, he missed his yanlord bottom target by a small 3 cts becos Yanlord hit ultimate bottom at 70 cts in 2011 sept, did not fall to 66 cts.
But he also got say if STI unexpectedly were to enter into a prolonged bear market and STI continue plunging to 2000, then of course his above views that 55 cts bottom for CMZ and 66-67 cts bottom for yanlord is totally invalidated, becos in a market prolonged crash, ALL STOCKS, including ALL blue chips and ALL GOOD FA counters will just keep plunging with no bottom
Director Lin Guo Rong has continued two days to support CMZ. He has already spent $115k to show he is very confident on the CMZ's performance and look likes he will continue to do so. Good sign.
CMZ's bearish momentum is slowing down and now all depends on the market sentiment. If market down the CMZ will still continue drop but the down side is limited. Caveat.
typo, meant Strongest S-chip YZJ
neutral ( Date: 19-May-2012 00:36) Posted:
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today CMZ very resilient despite STI crashing 44 pts and the strongest S-Chop YZJ closed down 7 cts, CMZ closed unchanged, looks like my broker's view that 55 cts is the ultimate bottom for CMZ might be correct...........Unless of course STI crashes further to 2600 ish range next week
khlixin ( Date: 18-May-2012 12:28) Posted:
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it's a buy limit order. that means if at pre-opening, if the price is lower than the price your friend keyed in, he will get to buy it at that lower price.
buy limit means the maximum amount u are willing to pay, but anything lower, the transaction will go through as well.
angmohlin ( Date: 18-May-2012 20:59) Posted:
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Dear all, anyone know how the SGX system work. My friend has placed an order to queue at $0.58 last night but he got transaction at $0.565 bought from seller during the opening bell. Please enlighten. Thanks in advance.
I think cmz is definitely oversold at such a price. probably will shoot up once everything is clear. investors are jus too sensitive to risk at this point but i think its cheap enough to grab now
So the tp is 140cts vs 58 cts traded now. The upside is about 141% if the uncertainty is not certain. Clear picture will appear after margin call complete next week.
j3r0m3 ( Date: 18-May-2012 12:08) Posted:
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Macquarie has been quite accurate
http://singaporetrader.wordpress.com/2012/05/14/china-minzhong-food-disappointing-results-visibility-falls/
BBs are not god, they get burnt as well..
Now is the play whereby patience pays (my own opinion)
Thanks for yr infor.and advices. Hope this is no the usual case and less people cry. I may enter if it stop dropping and low volume trade to-day, good luck to us.
Jackpot2010 ( Date: 18-May-2012 10:37) Posted:
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check for u. GIC owned 16.9% of CMZ now.
U want to follow GIC buy UBS, CitiGroup, Barclays, BoA, all incur heavy losses. They got conned by everybody- Whites, China-men, etc. etc .
khlixin ( Date: 17-May-2012 19:01) Posted:
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lelong, lelong.........buy and hold..........
Director has purchased 100,000 shares at 58.5 cents.