Yongnam   

Yong nam

steel price up, an impact to construction

 

TA still showing downtrending ever since from the convergence spotted on 5 Dec. If break down $0.095, can consider exit strategy.

 

Dear Jackjames,

Pleased be noted, most of the time, market revenge is more powerful. I do hope so.

 

well can see alot of members showing concerns on the yongnam price movement, thanks alot..

i still stand by my bet, construction play is the next after Property play, so 1st quarter of 2007 will be constuction play, then we shall see the small penny construction stocks hitting new highs just like what happen during the oil rigs run n property run,

for Yongnam to hit 14.5cents this week is still considered low, wif a good FA, constant steel supply, middle east project, n supposedly upcoming IR projects (today Dr. Mah highlighted the construction field will be very active till 2009), yongnam can easily hit 20cents..

now is still consolidating its postion before moving up again..

Thanks

 

another classico example,

Buy a rumor sell a news!!

 

Hmmm . i areadi hint to sell and cut lost liao.. haiz.. the sign is there that this counter is going to dip u all dun want to listen.. If the Mgmt is selling massively, y are u all buying?

next thus who didnt cut lost, yest or today when given the chance.. good luck.. hope this counter will rise up again.... however if given the choice, i would buy BBR rather than yongnam..

so good luck to those optismistic speculators..

 

so what's the rumour? they get awarded for the IR project...

then sell on news? they don't get the IR project?

?

 

To quote from Yongjiu

Buy on rumour, sell on news

 

of course i'm vested. planning to hold on till next year. hopefully their investments in the middle east pays off.

 

i can agree wif u on that except for those millions n married trade, i too see ppl hopping 4 good news on Friday.. 

u vested in yongnam, cr_kai?

 

i assume they sold down the price earlier on after the charge up to 14 cents.....then they buy back now hoping any news tomorrow can boost it up again. high chance they could be the contrarians......looking at the lots bought

 

all the buyers r hopping for the IR news to have some impact on yongnam, bbr..  thats why can see the sudden buy up at closing time..

 

Ay 10.5c, it is 30% retreat, 1st support level, 8,5c as 2nd and 7.5c  as 3rd support.

 

that kind of retreat is too much liao....anyway aroudn closing time today got strong buy up at 10.5 cents + 1 married deal of 900k

17:05:04	0.105	907000	X
16:59:47	0.105	100000	Buy Up
16:59:45	0.105	100000	Buy Up
16:59:28	0.105	150000	Buy Up
16:59:26	0.105	1000000	Buy Up
16:59:18	0.105	50000	Buy Up
16:59:17	0.105	100000	Buy Up
16:59:14	0.105	20000	Buy Up
16:59:14	0.105	30000	Buy Up
16:59:07	0.105	70000	Buy Up
16:58:59	0.105	30000	Buy Up
16:58:55	0.105	200000	Buy Up
16:58:52	0.105	20000	Buy Up
16:58:41	0.105	20000	Buy Up
16:58:36	0.105	100000	Buy Up
16:58:33	0.105	30000	Buy Up
16:57:51	0.105	10000	Buy Up
16:57:36	0.105	30000	Buy Up
16:57:34	0.105	20000	Buy Up
16:57:05	0.105	10000	Buy Up
16:57:01	0.105	1458000	Sell Down

 

Rose too fast. Only safe to enter at 8.5c (50% retreat). Support at 7.5c (60% retreat) .

 

if tomolo ir result will affect yongnam will be good. But if tat is so how come big player are sellin off. Even the directors also unload their. What is the triump card  tat will push up the price again we will neber know.  But i will wait for the price to be constance for a few day before jumpin in again.

 

let the dusk settle first.

 

Hi,



I would think that it will not sink so fast, but just profit taking and panic selling. You think back, so far UOB has not counter challenge or of no ground of wining the lawsuit, and by all means the recovered of 1 floor of free hold property - Springleaf tower is worth around estimated S$44m or more, I just guessed. Yes, with this $$$, this will off load their debt and is a good sign. But on the other hand, I am not optismtic of this counter, I hold for 2 years before I sold away. I might be wrong or I should say, who can predict so accurrate. Good Luck

 

well but se from the trade summary, the buy to sell ratio is 3 to 1, n the buy volume per trade is too high, maybe the cntra players still there waiting for IR results, even my remister say tomoorrow IR day "may" be a good day for yongnam

 

Hi knightrider ,

I did not vest in Yongnam but monitoring. Based on your experience, do you think it will sink further?

Kenny