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err..did anyone shorted this burger at 7.75 this morning??!?!? hee..... :D
$8.00 coming.only 30 cents away..Cheapest bank but not necessarily lousy bank! Cheong arh..........
err vested interest so i may be tilted to see to my liking.
i trying to learn head and shoulder as related by fellow forumer.
see 15 min, daily, weely and monthly chart.
yes i saw a head and shoulder but it is reverse with neckline around 7.7 and head at at 4.38 on the monthly chart.
learning only no know correct or not?
Everyone draw H&S differently, will be interesting to see eventually whose H&S is the closest.. :)
HLJHLJ ( Date: 17-Oct-2009 00:41) Posted:
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It is too small to be a head & shoulder. Just volatility only. If such variations are head/shoulders then there are many head and shoulders around. How to see?
If you draw parallel channels (may onwards), looks to me that next resistance is 8.7.
I'm vested. Even goes down, no big deal, just hold, or add more. Good stock to keep. Bank stock!
Just my opinion only.
DnApeh ( Date: 16-Oct-2009 23:15) Posted:
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Potential neckline looks about right.
Would you like to review the shoulders? |
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Don't let go of this counter. Can easily go up to reach 8 bucks in very short time.
Poor u...u must be crash by now... short at the time of recovery!!?
.. No TA..No FA...just shout "short..short..short"......see yr own post la!
OCBC $5.72!!??? mislead others!
TA: OCBC Bk
Stochastic%K: 62.5 Willians%R: -39.474
Crossover phase: Expecting SMA7 to breakout SMA14 in near-term.
SMA Crossover Indicator (7,14):
16 Oct'09 SMA Crossover Indicator: SMA7 $7.649, SMA14 $7.656 (SMA7 was getting closer to crossover SMA14)
OCBC Bk 16Oct'09 Closed $7.70 +$0.10 HAHAHA!!!
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hee....shorted 3x $7.69 this morning !! wish me luck !! :D |
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next support..7.52...hee...if Oct crash!!haha...it could be 5.72 ! :P |
It is too small to be a head & shoulder. Just volatility only. If such variations are head/shoulders then there are many head and shoulders around. How to see?
If you draw parallel channels (may onwards), looks to me that next resistance is 8.7.
I'm vested. Even goes down, no big deal, just hold, or add more. Good stock to keep. Bank stock!
Just my opinion only.
DnApeh ( Date: 16-Oct-2009 23:15) Posted:
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Potential neckline looks about right.
Would you like to review the shoulders?
marubozu1688 ( Date: 16-Oct-2009 22:43) Posted:
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Potential neckline looks about right.
Would you like to review the shoulders?
marubozu1688 ( Date: 16-Oct-2009 22:43) Posted:
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LOL aiya... only lose kopi $$$... small case lar... 
ya...SHRINK Like shrimp! hee...cover back at 7.69... #$!$%!#!% :P
jng1103 ( Date: 16-Oct-2009 15:29) Posted:
Balls shrink liao...??? 1 1/2hr more hours to go... now is $7.70 
nickyng ( Date: 16-Oct-2009 09:09) Posted:
| hee....shorted 3x $7.69 this morning !! wish me luck !! :D
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Balls shrink liao...??? 1 1/2hr more hours to go... now is $7.70 nickyng ( Date: 16-Oct-2009 09:09) Posted:
| hee....shorted 3x $7.69 this morning !! wish me luck !! :D
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OCBC can buy next week :)
They are all banks, but why is OCBC $9.36 per sh behind UOB, and $5.50 lower than DBS? DBS: 13.20 - 7.70 = $5.50
UOB: 17.06 - 7.70 = $9.36 behind
The difference is too great lah. OCBC should move up one to two dollars to catch up.
DJ MARKET TALK: Phillip Securities Upgrades OCBC To Buy From Hold
16 October 2009 11:00
0300 GMT [Dow Jones] STOCK CALL: Phillip Securities upgrades OCBC (O39.SG) to Buy from Hold to reflect purchase of ING's Asia private banking business, recent stake increase in China's Bank of Ningbo (002142.SZ) to 15.1% from 10%. Says ING buy appropriate as private banking in Asia highly lucrative given rising number of high net worth individuals in Singapore, HK, China, Indonesia. Adds stake increase in Chinese bank in-line with OCBC's ambition to expand in China, although contribution to bottomline may be insignificant at this point in time, with Bank of Ningbo's 1H09 net profit at CNY706 million (S$144 million). Raises target price to S$8.80 from S$8.10 after rolling over valuation to FY10. Stock +1.1% at S$7.68. (FKH)
this reminds me of Starhub... kena whack jiatlat after losing EPL rights... but bounced back strongly...
I expect the same for OCBC 
DJ MARKET TALK: Kim Eng Raises OCBC To Buy, Ups Target To S$9.40
16 October 2009 09:56
0155 GMT [Dow Jones] STOCK CALL: Kim Eng Securities upgrades OCBC (O39.SG) to Buy from Hold, raises target price to S$9.40 from S$8.80, pegged at 1.6X FY10 P/B, to reflect optimism over purchase of ING's Asia private banking business. Based on IAPB's earnings of US$88 million in 2008, house says new unit may account for at least 5% of OCBC's net profit by 2010; "with strengthening AUM (assets under management) and resilient two-year earnings CAGR of 20%, we view IAPB as a resilient franchise to own." Adds there's substantial value creation with enlarged customer base across global arena, product enhancements, cross-referral synergies. Stock +0.9% at S$7.67. (FKH)
If they buy a golden goose that cannot lay eggs, then why buy it? of course, buying business adds to their EPS. 5.8% for assets under management and this figure is worse if not adjusted by ING cash. more than 2.5x what market is paying for such assets. how can a bank like that not win. i acknowledge the excellent future of such asset management in the near bullish terms but 5.8% is really not going to be recovered in the next 3 years that easily. also, priv bankers are job hopping again. how much of all these AUM will remain at the end of the deal? OCBC brand name versus HSBC versus some western names, i think there are going to be some adjustment still. no doubt ocbc is a great local name.
OCBC defended the price it paid for the regional ING unit, an acquisition it said would add to earnings per share next year.
The
price paid represents 5.8 per cent of the unit’s assets under
management, after adjusting for surplus capital of $550m. This compares
with the 2.3 per cent measure paid by Julius Baer for ING’s Swiss
assets.
OCBC said the deal would cut its tier one capital ratio –
a measure of financial strength – by 1.5 percentage points to 13.9 per
cent, according to Reuters.
“We are not embarrassed or in any way
surprised by the fact that we have paid a healthy price for the
transaction,” said David Conner, OCBC chief executive. “It is a rare
opportunity that one gets to acquire an Asian private banking business.”
