
I was watching at Dow Jones on Friday night until 1.30am.
The dow jones index down 30 ++ points only. after I woke up from nice dream dow jones was plunged 97 points but still smaller than my expectation.
If Cosco cannot hold 1.89 critical support. I think the floor price to pick up is 1.79 - 1.81 range. If no rebound there then gone case. 
haihzz~~ this counter I found that is manipulated before the many contracts is announced. The share price already started to move.
When more and more contract announced BBs sell on fact.
Big lesssonnn~~  
Gaecia ( Date: 04-Jun-2011 03:09) Posted:
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Has already fallen a lot and i hope should start to rebound....during april Dow keep rising but STI is flat...
bryancbq ( Date: 04-Jun-2011 15:06) Posted:
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yea. sianz...donno cosco support how strong. =/
Gaecia ( Date: 04-Jun-2011 03:09) Posted:
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We will see many, many falling daggers come Monday.  Its getting sharper and sharper. Yes, yet again...  *yawns*
Remember to  put on your wetsuit.
 
If market continues to be as weak as this one, next week may see cosco drop quite drastically.
Just a caution here.
not worrying at all..
not heavily vested anyway :)
only 10-15% of my portfolio.
eplepl ( Date: 03-Jun-2011 18:06) Posted:
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From a risk management standpoint,  I do not  see a need to hold a position on Cosco for now.
Why? Simply because the direction is unclear, at least to me. I do not  desire to go  long right  at the support line because  it can go either way. Will long when the counter  has the ability to  hold and bounce off support, not when it keeps coming down to attack this entry pt. Which also  means I  can't buy right  at the lowest price before reversal, how? That's fine  with me.  A red candle will only be proven to be the lowest until the end of the next trading day.
Most shipping companies and rig builders have breached their minor support just yesterday, namely NOL, YZJ and sembcorp marine. Is there any reason for Cosco to be an outperfomer? I really don't know, so i better stay on the sidelines.  My guesswork is, the difference could lie in  the timing and momentum of  every counter. 
Having  said that, yet some  risk taking naysayer will still come in to  say that i am gambling?
spam.
eplepl ( Date: 03-Jun-2011 17:30) Posted:
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roti boy, have a good weekend......go church and pray harder....
Isolator ( Date: 03-Jun-2011 17:53) Posted:
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I am still confident as long as next monday dont break down.... Then my chart will be bad... lol
rotijai ( Date: 03-Jun-2011 17:46) Posted:
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I only sold some portion at 1.98-2.... That's why I can still reload at 1.89 yesterday.... Now I am just waiting for the action again
rotijai ( Date: 03-Jun-2011 17:44) Posted:
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now u also don have confident in this ship uh ? :P
Isolator ( Date: 03-Jun-2011 17:44) Posted:
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Next mon we should be able to know where it will break....  Dont need to hold too long... lol
and u sold at $2 and bought back again at $1.89-1.9+..
:P
Isolator ( Date: 03-Jun-2011 17:42) Posted:
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lol... u must have missed out something... I bought at 1.89 after I have cut... Dont be lazy when reading the post... ha
agent_skali ( Date: 03-Jun-2011 15:26) Posted:
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did u wear long or short.
Gaecia ( Date: 03-Jun-2011 15:25) Posted:
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boring! =/
Sure. I will let u know when I cut... lol
The last time when you say cut.... it actually rebounded to 2.01... can try again? lol
Isolator ( Date: 03-Jun-2011 15:23) Posted:
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1.89 on the line, support is thinner than yesterday's.