
your worries is unduly; if you had been trading or observing this counter long and close enough then this is some kind positive sign. It has a common trend, when there is a sharp fall, it usually follow with a sharp rise in next few days.
I somehow feel that this happens for a reason, tonite the Fed Chairman is addressing at FOMC, and believe he must have come out something positive to support the equity market in USA. Despite there are all bad news evolving, but this is still the 2nd best year for Walls St. With the positive news and information from Fed Chairman tonite, tomo mkt will revive and XLX may rally again.
Good luck to all of us.
Support at !.13 broke, next support is 0.895. If this fails too, 0.8. Below that, end of game
Just didn't take notice for 5min and it is $1.10 now...
Keep out!
indeed, i do not believe its BBs, i very much believe BBs is collecting instead of selling. Those casting at 1.14 and 1.13 are those who could not pick up; it was 5th and 6th days since last high. So aft lunch, it was very much some kind of force sell of retail investors shares, at 14:30 hrs till now.
Base on past trend, if history repeats, I think the next rally is imminent.
110 weak support.
Next strong support 103.
I doubt is BB, should be retail investor.... Recently volume is low...............
see the desperate cover at 1.14. it seem bbs may want the ppl to sell below 1.14. assume*
OMG... its being sell off again.
I've read their financial statement and it fair very well. Many other counters which is rallying in the past few days is not doing as well as XLX. Please feel free to browse this site for its Financial Statement.
http://info.sgx.com/webcorannc.nsf/0357d11048060bb84825735f0028e25b/58f5cac1c7a6afdf4825738b0033178c?OpenDocument
I hope it could rebound, cannot imagine and understand why is it been slipping so badly.
Base on its net worth per share inferred from the report, it should be approx. $1.29; so people out there should be buying it now since its like paying $1.16 for $1.29 worth of asset. Moreover Morgan Stanley had valued it even higher at $1.60, so any price now ($1.1+) is a special offer price.
I think from above, i'll buy more of this counter; i've faith that in short term it would rally afew 10 cents.
Recently seems dissociated from YZJ liao.
ChinaMilk up today, maybe this one got chance, yes, if 114 not broken.
hope it dun break 1.14
Solar2000, anymore info on this counter???? I've heard alot about this counter, Morgan Stanley valued it at $1.6, many more other instituitions all recommended this counter but it has been quiet and had slided quite abit after your post, wonder if you have any further update???
I used to hear people saying that this counter is somewhat pegged with Yangzijiang; some were saying as long as YZJ rallies, XLX will replicate. But these few days, I could see some rally on YZJ but nothing happens to XLX.
Do you think you have some info to share some light?????
I receive email from my broker...say XLX might cheong more...
still 40+% upside to TP.
currently no news.suspect BBs playing see-saw game (balancing) don't know waht they up to. Hold tight lol, now is the waiting game - see who cannot tahan & press buy/sell button lol
No news / inputs for this counter anymore????
indeed that this counter is a money making counter esp when it revived aft China open up to trade more freely in Singapore. According to analyst, this counter is now collecting in the range of 1.3~1.4 so as to set new record high at 1.6 within this few days.
Nevertheless, this counter is classified as broker's counter; many BB and brokers are manipulating this counter. Those has holding power will make some good money from it; but speculator may be hurt badly.
was handsomely rewarded for this counter (from 0.96 to 1.45 - off course in between profit taking ). vested again friday @1.32. i think this counter will be come more like Jiutian - mostly heading north. fyi, counter price hovering between 1.35 to 1.37 (on average) after hitting 1.50
Trade at your own risk.....good luck to you and me
Should be quite positive as they are being transparent in the utilisation of the capital...China XLX is among one of the top 10 china companies in terms of captialisation and should be under the radar list under QDII fund when it come in. Few broking houses have a buy call at TP of 1.80 - 1.85 level...continue to have faith in this counter...my 2 cents worth of comment.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_7333B6AAC6F1DB19482573720034BAB5/$file/ChinaXLX_121007.pdf?openelement
some announcement. trade with care.




Coal industry urged to speed up energy saving |
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China's coal mining industry has been urged to be more efficient in energy consumption so as to realize the goal of saving 60 million tons of standard coal set in the government's 11th Five-Year Plan (2006-2010). Coal firms should enhance the use of solid waste, coal mine water and coal bed methane, said Wang Xianzheng, deputy director of the State Administration of Work Safety, at a recent meeting. By 2010, 70 percent of solid waste such as coal gangue and flurry should be used in electricity production, Wang said. The installed capacity of power plants fueled by coal gangue should reach 30 million kilowatts by 2010, which may help save 52 million tons of standard coal, Wang said. More than 40 percent of mine gas shall be extracted and utilized during the 11th Five-Year Plan period, he said. Earlier reports said that by 2010, the coal mining industry is required to cut its energy consumption per ton by 20 percent from the 2005 level. Coal firms have also been told to boost investment in new equipment and form alliances with universities and research institutions to develop key technologies for energy saving and emission control. Coal production in China climbed 7.1 percent year on year to 1.1 billion tons in the first half of this year, accounting for one-third of the world's total, according to industry data. According to a government plan revealed in January, coal production in the country will hit 2.6 billion tons in 2010. (Xinhua News Agency October 5, 2007) |