Yongnam   

Yong nam

have a very good support at 0.13 today and closed up at 0.135.

 

As projected last month, this counter will be hitting 0.20 and above in early 2007.

It's is going steady in its tracks, the exchange and correction had been steady in a healthy volume. Expecting the outbreak.....

 

why 3rd week of Jan? Relax, can hold longer. No worries....:) that's for me lah.......i'm still holding on since Nov 06.

 

Should hold till probably the 3rd week of Jan '07.

 

Should hold till probably the 3rd week of Jan '07.

 

FYI,



LEGAL ACTION TAKEN BY THE COMPANY'S SUBSIDIARIES, YONGNAM DEVELOPMENT PTE LTD AND YONGNAM ENGINEERING & CONSTRUCTION (PTE) LTD AGAINST UNITED OVERSEAS BANK LIMITED  



The Board of Directors of Yongnam Holdings Limited (the "Company") refers to the Company's announcement in relation to the abovecaptioned matter on 23 November 2006.

The Board wishes to advise that UOB has filed an appeal on 21 December 2006 against the decision of the High Court.

The Board will provide further updates on UOB's appeal in due course.

By Order of the Board,
Seow Soon Yong
Chief Executive Officer
22 December 2006

 

May be on renewed uptrend... but TA not that accurate for penny stocks

 

Congrats to those vested in this counter. YEEHAA!!

 

Looking forward the construction Year 2007!!!! The realistic fact is construction counters in Singapore is going BIG with so many projects going on and oversea especially for this counter! 0.20 and above is no problem. Contruction HUAT ah.....

 

Sorry, my previous post should be under the Swiber thread. And I will post the 2006 IPOs chart under that thread.

 

Okie, I think I had the information but I need to "do up" the charts. Hopefully can post the info by morning. But I not very sure the info that I posted later will be of any use or not.

 

cr_kai...

Precisely... :)   ... When you punt, it is not too good an idea to just follow red-hot tips, exciting news, juicy rumours and such things, though no one can resist or few can be immune to the influence of intense 'near orgasmic' euphoria when it is happening.

A price chart is a good 'stabilising factor' in such situations. 

 

iPunter, of course i have some that i hold for long term. but everyday, i will just see if there's any to punt. :)

 

cr_kai...

hehe... I like your attitude in trading ('make $ in a few days')...

But seriously speaking... if you intend to survive in the long-term long in the 'merciless' market and dealing with a 'temperamental beast', it is important for you to use charts... otherwise, you will just be like navigating the treacherous waters without a map.

 

hi singaporegal, i'm not TA savvy as i do not believe in reading charts although it helps in long positions. some of my shares i long, some i just buy and sell within a few days. you can call me a punter if you like.:)

i'm just a simple trader. bottomline, no one can predict the market. anyone predicted the market to drop on tues? can TA tell you that? what does TA tell you about yongnam's share?

as long as you make $ for yourself, that's good enough. cheers! and happy trading!

 

Correction, my pervious post should be "Oops, sorry didn't explain in details." Coz now I read my post and I finds it F***ing SL... Sorry.

 

Oops, sorry to explain in details. T+6 are working days. So it should be 1+6, which means 7 working days.

 

I see. hmm regarding ur example, you bought counter X on monday "T", and its a T+6, shldnt the payment be latest by saturday?

 

Hi jayish, thanks for your info. Btw, T+3 or T+6 is the day you need to make payment either for your long or short contracts. For example, I buy counter X on Monday which is the "T", I need to make payment for this counter X lastest by the next week Tuesday (T+6) in order for my CDP account to be credited with the counter X or else it will be "forced-sell" by the broking house that I traded with. "Forced-selling" is like your shares being sold at the broking house discretion and without your permission. Hope this clarifies.

 

Try this website - www.investopedia.com

Good articles there on charting. For a newbie, I suggest you start off by learning about Bar Charts, Candlesticks and Moving Averages.