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What was regarded as 'flaming' are in fact market principles with reference to human nature.
They should not be taken personally but rather as educational principles to benefit from.But obviously this was not regarded by some as a benevolent gesture.
GorgeousOng ( Date: 21-Apr-2013 15:03) Posted:
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Hi shareflux ,GeogrousOng and any forummer, would you mind sharing about the main point in the coming Agm once you have the info. Appreciate your feedback in advance.
shareflux ( Date: 21-Apr-2013 12:40) Posted:
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It's not 'flaming', but 1.30 and 1.24 indeed turned out to be juicy peaks.
Now it has even fallen to 1.14. It is my " ma hou pao" . Lol.
Ficantieri investment at $1.22 a share amounting to a total investment of $600 million had lost $40 million. They can be smirky and thumb their nose at us. See $1.22 you don't want, now see what happen. My take is they didnt know any better then, and if any good news probably happen after the sale was done.
There is only two reasons for this to happen...
1. BBs are accumulating in anticipation of good news on Tuesday. Hence they are pressing down the price to accumulate. They probably had accumulated about 20milion shares by now, judging by the average of 5million transaction per day for the last 4 trading days. Probably a win at Petrobas latest tender and coincide with the opening of the new Brazil Promar yard. If a breakout of 20% happen from $1.14, we can see 1.36 again.
2. there is something really really rotten at VARD. no scenario as i cant think of any. Nevertheless, if there is any probably Ficantieri will sue STX for misrepresentation in the sale process.
Scenario 1 or 2? Your money your take. For those who think they had lost XX amount of money, you are counting too early. Try counting again next Friday. For those attending the AGM on Tuesday, make sure you have two orders standing by. Sell if scenario (2) and buy if (1). Meeting starts at 10.00 am at Pacific 2 meeting room of the Pan Pacific Hotel at Marina Bay.
GorgeousOng ( Date: 21-Apr-2013 10:52) Posted:
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Expect the billion dollar brazil tender result out soon, this week ! Stx will win it...
GorgeousOng ( Date: 21-Apr-2013 10:52) Posted:
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Good news on tender result from brazil coming out soon !
to ipo price?
What about kepcorp, smm and ezion???
Will it be $1 soon?
Think Ezion will follow its footstep soon as it had gone up too fast.......market is turning bearish.....
VARD has turned bearish in term of price wise. Traders probably had exited and BB are waiting for announcement next week. Oil prices had weakened and with the Dow not doing well, there is really no catalyst to support this counter. However, the value investors will love these low prices and will continue to buy at supports like 1.125, 1.015 and 79cts. Give a thought to where the 5million of so tickets go to in the last 4 trading days...
Technically the three black crows has confirmed the earlier bearish engulfing signal on 12/4 and so it does not come as a surprise. Mr Market has been dropping hint all along and the next price action will depend on how VARD will respond at 1.125 level. if cannot hold another 10% down and probably will alert the bargain hunters when it hit $1. at 79cts, smm will know on its door.
For tickets holders just hold on tight. Attend the AGM if you have time. Then decide what you want to do next.
If you realise, all across the board, counters related to O& G are all cashing out except Ezion.
Fundamentals don't go with Technicals
I guess we just need to wait until Iran decides to do something stupid with their nuke heads.
Middle East has been very quiet lately on the news
TinyPotato ( Date: 19-Apr-2013 11:12) Posted:
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if the fundamentals is there, it will be a matter of time for it to bounce up.
Sold below 1.20. Vomit blood. 
0468667 ( Date: 19-Apr-2013 11:39) Posted:
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Very disappointed with them now
Any sifus any idea why the selling down?
The DJ drop over the last few days and the weakness in the oil demand has an overall negative effects on the share market especially the oil&gas counters.
As in any downtrend market especially in the early stage some panic selling will take place. The need to preserve capital in fear of further downward movement is self fulfilling and fully understandable.
The market forces should be allowed to run its course. We can either buy on the low at supports or wait for the selling to stop before buying again. The third choice of action is to hear the new management out next Tuesday before deciding whether to sell or buy.
As in any downtrend market especially in the early stage some panic selling will take place. The need to preserve capital in fear of further downward movement is self fulfilling and fully understandable.
The market forces should be allowed to run its course. We can either buy on the low at supports or wait for the selling to stop before buying again. The third choice of action is to hear the new management out next Tuesday before deciding whether to sell or buy.
This post is for the Yanlord thread. Posted wrongly here. Apologies for this mistake.
shareflux ( Date: 18-Apr-2013 23:04) Posted:
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I prefer to hold something undervalue with good potential in the long run then regret selling it in panic. AGM is just next week. Any decision can be made after that.
That is my personal opinion.
Price and value are not always aligned. There are ppl who said ezion did a bull trap today. But if you look at the counter which is news driven you won't touch ezion today with a ten foot pole cos oil price drop will affect all counters in a similar fashion. So although my broker recommended it as it has a nice chart I didn't buy. Marubozo as your name imply is a candle reader and down trend stöck yöu will avoid. CHEONG is a value investor and he love low price. The two numbers quoted by CHEONG are actually supports. So if CHEONG is buying at supports he knows his chart well also. So to his each his own.
I think it is just a case of negative market sentiments and panic selling due to negative events and news happening around the world. Not only is this stock falling, the same goes for other stable and potential stocks in my watchlist. STI rises today but there is a significant ratio of losers to gainers, which suggests the market as a whole is not doing as well as we thought. In fact, this phenomenon has already persisted for a few days. If one check the fundamentals of this stock, you would know that this is a rather undervalued stock. Based on technical analysis though, this stock has already fallen far below is 20 day moving average and support level of 1.22 and 1.215, which prompts investors to panic sell and to further fulfil their prophecy that this stock will plunge. Personally, I would still hold on to this stock as I know it is a gem. But my advice is that if people have no faith and cannot hold out longer for this stock, they may as well sell, and join the " herd" ..
Next week must ask the mgtm.wat they are doing ??