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July 29, 2008, 2.41 pm (Singapore time) BT
Mercator's Q109 net profit jumps 16-fold
SINGAPORE - Mercator Lines (Singapore) saw Q1 FY2009 net profit jump 16-fold to US$23.2 million as revenue more than doubled to US$51.7 million from US$20.2 million previously. The dry bulk shipping company also saw a 96 per cent rise in the daily Time Charter Equivalent rate of its vessels to US$49,894.
Finally, CD.
2 months ago.. sorry..
err.....$0.26 was in April lah..not 2 weeks ago...
errr... i think still can go down somemore lei.. it was 0.26 last 2 weeks... that's almost 50% upswing... should consolidate first before the next chiong mah.....
A real piece of SH1T! floating away in the toilet sea.
How long can the BBs suppress this bugger?
Oversold till the depths of the sewages.
Bloomberg
| Value9,313.00 | Change41.000 | % Change0.442 | High9,313.00 | Low9,313.00 | Open9,313.00 |
0.405 is a good price to go in. Tmr might not be able to get at this price if DOW goes shooting up.
www.investinsgx.com
Bloomberg
| Value9,272.00 | Change125.000 | % Change1.367 | High9,272.00 | Low9,272.00 | Open9,272.00 |
Baltic Dry Index moving up again?
| Value9,147.00 | Change183.000 | % Change2.041 | High9,147.00 | Low9,147.00 | Open9,147.00 |
Wah he really abondoned ship. No news from him anymore....
s5504703 ( Date: 13-Jun-2008 21:19) Posted:
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| Bid Vol | Bid | Ask | Ask Vol |
| 518,000 | 0.495 | 0.500 | 1,668,000 |
| 745,000 | 0.490 | 0.505 | 1,009,000 |
| 360,000 | 0.485 | 0.510 | 2,102,000 |
| 577,000 | 0.480 | 0.515 | 852,000 |
| 338,000 | 0.475 | 0.520 | 1,232,000 |
| 447,000 | 0.470 | 0.525 | 430,000 |
| 320,000 | 0.465 | 0.530 | 237,000 |
| 404,000 | 0.460 | 0.535 | 155,000 |
Hopefully can reach 0.595 again. Missed it the last time round to unload as I was too busy. Also abit greedy then lah. Was aiming 0.70. Thou shall not do it again!
it looks good but i keep looking at the $0.50 replenishing itself...everytime the buy up seem to clear the 50cents mark...suddenly very swiftly got a long queue back up at that price
Naproxen ( Date: 23-Jun-2008 14:12) Posted:
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| 14:05:05 | 0.500 | 100,000 | Buy Up |
| 14:05:02 | 0.500 | 100,000 | Buy Up |
| 14:04:39 | 0.495 | 50,000 | Sell Down |
| 14:04:14 | 0.500 | 10,000 | Buy Up |
| 14:04:05 | 0.500 | 300,000 | Buy Up |
| 14:03:34 | 0.500 | 10,000 | Buy Up |
| 14:00:29 | 0.500 | 10,000 | Buy Up |
| 14:00:27 | 0.500 | 50,000 | Buy Up |
| 14:00:27 | 0.500 | 70,000 | Buy Up |
| 14:00:23 | 0.500 | 1,050,000 | Buy Up |
Is mercator negotiating to clinch another big contract ?? ..... keep our finger crossed !!
This technical analysis by OCBC dd 2 Jun seems pretty accurate. Hopefully the high oil price won't break the $0.455 .......
Resumption of uptrend
- Mercator pulled back as per our forecast on 20 May and tested the support at the 38.2% Fibonacci level over the previous trading week.
- The subsequent surge in price on 30 May was on the back of very strong volume, suggesting the pull back has ended and Mercator is resuming its uptrend.
- The short-term stochastic indicator has begun rising out of the oversold region, indicating there is more upside to come for Mercator.
- We maintain immediate support at the 38.2% Fibonacci level at S$0.455 and resistance at S$0.675.
Base on FA this is a good stock to invest, but TA point of view better waiting it to test 0.36 for bottom fishing.
13 June 2008
Baltic Dry Index (BDI) -496 9646
Lao Sai Liao...abandon ship
Baltic Dry Index freefall! Wow!
06/12 Currency: USD
Source: Bloomberg
| Value10,142.00 | Change-963.000 | % Change-8.672 | High10,142.00 | Low10,142.00 | Open10,142.00 |
s5504703 ( Date: 05-Jun-2008 20:56) Posted:
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