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this counter after break out...it broke down today...these days technical charts are not as accurate as in the past...very much on sentiment based & BBs playing on reverse psychology...just when we thought it would go up...it goes the opposite direction..vice versa
!!!!!!!!!!!!
ykjuay ( Date: 05-Jun-2008 00:30) Posted:
| no problem to hit abv their IPO price |
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no problem to hit abv their IPO price
Dry bulk shipper Mercator Lines (S) rose to $0.595 after the firm said it has entered into a contract extension worth US$320 million.
Mercator Lines (S), a unit of India's Mercator Lines Ltd, has signed a contract extension with Tata Power Company to ship coal from Indonesia to India.
Mercator is weathering the storm from the external environment well at the moment...still surging upwards...
hmmm... if it can close above 575c, then it will be good liao...
up till now, still holding up well...
Comes down just as fast as it goes up.
yes, that's how it work. Happens during pre-opening(8.59am and 1.59pm) and after-closing(5.05pm)
You mean the 2673 lots also included the 0.53, 0.535 and 0.54 as well? Then not accurate leh?
all gobbled up buy the 2673 lots lor.
cathylmg ( Date: 04-Jun-2008 15:16) Posted:
Ya hor? Can't find in the time and sales record also. 
Snappers ( Date: 04-Jun-2008 15:11) Posted:
was waiting to buy at 0.535 after lunch.. but once trading starts after lunch the buy up was 0.545.. last done before lunch was 0.525... so where the 0.53, 0.535 and 0.54 went to??? curious.... |
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Ya hor? Can't find in the time and sales record also.
Snappers ( Date: 04-Jun-2008 15:11) Posted:
| was waiting to buy at 0.535 after lunch.. but once trading starts after lunch the buy up was 0.545.. last done before lunch was 0.525... so where the 0.53, 0.535 and 0.54 went to??? curious.... |
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was waiting to buy at 0.535 after lunch.. but once trading starts after lunch the buy up was 0.545.. last done before lunch was 0.525... so where the 0.53, 0.535 and 0.54 went to??? curious....
Sudden surge winthin this 20 minutes.
Breakout!!
just wait and see this counter will eventually hit 60cts and abv.
need a bit of patience,
cheers
When is it going to hit 0.60 ????
03 June 2008
Baltic Dry Index (BDI) +45 11503
02 June 2008
Baltic Dry Index (BDI) +18 11458
2 June 2008 OCBC Investment Research
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.http://www.remisiers.org/research//Technical%20Analysis%20-%20Mercator%20-%20080602%20-%20OIR.pdf
30 May 2008
Baltic Dry Index (BDI) +93 11440
