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suspect flushing should be almost done with 3 days sell down from 110+ range.
Bopanha ( Date: 04-Mar-2013 23:27) Posted:
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Many more runs....
terencee ( Date: 04-Mar-2013 23:11) Posted:
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might not be.. Think might have another run before the major corrections set in.
Hulumas ( Date: 04-Mar-2013 21:44) Posted:
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The game is over, I suppose.
Honestly all with the exception of very prospective high earners, are undervalued as reported by market watchers. Forgot the sources that said so about two months back.
Contel has been the best dramatic rising counter beside GSH Corp. I made several rounds of profit on it. It has been great with my original purchases @ < 3.5 cents when nobody wanted it. After selling and buying several rounds, I still believe this M& A when finalized will bring the counter to above 13 to 15 cents in the intermediate term. If the subsidiaries (electronics and silicon trading) were to do better in the next couple of quarters, then 20 cent up should not be a problem
Right now shortists are making the opportunity shorting most counters down on the automatic cuts on spending by the US govt. Once they are done with which will happen when US markets contd to rise, Sg market will pickup again. In the meantime just look for opportunity to buy sell.
Cheers.
still contel i feel is a discounted counter at this point. Its because of selling pressure due to the trading curb by UOB.
I went to the EGM last year regarding the chopping off of the losing arm of Grandpex and obliterate all losses by the subsidiary coming out clean. The RTO is new, so it is just a likelihood only and not a " surefire" case. But even w/o rto, Contel itself will go into positive equity in the next reporting as hinted.
terencee ( Date: 04-Mar-2013 15:25) Posted:
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did you went for the EGM ? Any idea when's the M& A ?
Bopanha ( Date: 04-Mar-2013 14:47) Posted:
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It is still in play. Annual report everyone knew and expected it. Those who attended the EGM should be aware of the circumstances already. The next report shd be black according to the assessment. Still await the M& A coming!!
today is 3rd day sell down. Looks like buying will come in soon. 3c sell down is too drastic. As long as today can close around 90, tomorrow might be buying up already.
one morning only lose 0.01. Looks unsustainable. Kinda risky to enter now also. Highly manipulated.
yess highly manupulated....
one morning only lose 0.01. Looks unsustainable. Kinda risky to enter now also. Highly manipulated.
lai liew...fm0. 079 and up...
soon it will move
Yes intra day pattern...u r right
The only pattern you should be paying close attention is intra day chart.
Recent pattern : 1 day up, 2 days down. Monday should be up but Tues and Wed down (forced selling?), then Thurs cheong past 12 cts??
My advice is do intra day trade..
Pennies are punting stocks these days.. chinese saying is " jian how jiu shou" ... if you know what that means.
Result bad can go up meh???
from the dip at 100 to 85, i believe the contra sellers mostly SL already. Might have a few more holding which is due by tuesday perhaps. So price should remain around this price range until wednesday before launching forward and up.
clickshop1628 ( Date: 02-Mar-2013 10:39) Posted:
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