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Sembmarine

Hi pilotfish,

Very nice of you to post the chart of this stock and truely appreciate your time taken to reply.  I hve been sideline 2 weeks ago (except bought one counter Genting Int. and later sold off within intra day at 1 bit loss when sensed stock is going to be hit down on that day.) 

For those still holding this stock, be assured this is a good stock though, it is high beta.  This chart will be a marvellous one to look forward to.  For me, if this retreat a little, it acts as a good chance to enter later on or if not, i switch to defensive stock if i must buy something now at this moment.  :)

 

 

 

At what price you bought semb marine?

Semb marine is in a bull run now currently in correction mode. Picture is worth a thousand words. see chart.



Take a closer look



Trend should continue after the correction.

Just my view, for sharing and learning, please comment. Learning through critique for improvement.  (Not an inducement to trade). 

 

Why i fear the big plunge might come true, because some said this round, the correction is at least 50%!!  Also, scare that after pushing up of penny stocks, very soon,   market might plunge drastically.  Hope the analysis is wrong and my fear is not valid. :)

 

Though, need to be optimistic, but last year's stock plunge is still fresh in memory.  We are still hanging on someone's (US) sleeve and its daily performance determines our daily fate, like it or not, it is the way it is ruling the stock market.  Sad but true.

P/s - today is trading looks like retail vs brokerage houses??  Where are those big instotution players and big fund gone to?

 

 

Dun be so pessimistic. Market correction is part of the cycle.

If market keeps going up, wouldn't it be scarier?

If u are trading in any counter, once reach your target price just sell off - if PVA confirms no more uptrend. Dun wait for that 1 bid higher. It may never come. If u are investing, then u should not be bothered by this kinda market noise. Worst is people claim they are long term investor but keep complaining market downtrend. This counter is strong, if the price drop, DCA will be more appropriate then cutting loss.

 

I am starting to believe the analyst's report of this one reaching 'slowly' at 1.50......with the power of shortselling( more than 5 bits or evern 10 bits different every other days!)  , couple with the weak market sentiments, this looks quite scary.Although might not be so low as $1.50, but, enough to scare people to sell off their holdings.

niuyear      ( Date: 19-May-2009 14:20) Posted: Think i saw (last week from somewhere i cant remember which press) Credit Suisse's downgrade target price for this one is $1.50...Goodness. Are they crazy?

 

Yup, that is the way. Stock move up and down. Just follow the trend.

Time to short we short. Time to long we long. My short term trading strategy.

No hard feeling plesase for those who can't take it. I am also a long term investor for Semb Marine...

Just my view. (Not an inducement to trade).

niuyear      ( Date: 04-Jun-2009 17:18) Posted: This is high beta stock and short sellers like it because of its big movement of price and they are super quick to act (to short) when the price gone up substantially.  Sometimes, one blink only, the price drop like waterfall.  LOL Hope the bull run for this one will come thru, though, i have sold mine cos my target reached and for those who is stil holding on, positive and patient are a 'key' words since the company is fundamentally sound! pilotfish      ( Date: 04-Jun-2009 17:00) Posted: My finding: Semb marine was in a bull run (not bear market rally) and there are some more upwards moves. Semb marine is a strong blue chip component. Just be patient. Just my view. (Not an inducement to trade).

 

This is high beta stock and short sellers like it because of its big movement of price and they are super quick to act (to short) when the price gone up substantially.  Sometimes, one blink only, the price drop like waterfall.  LOL

Hope the bull run for this one will come thru, though, i have sold mine cos my target reached and for those who is stil holding on, positive and patient are a 'key' words since the company is fundamentally sound!

pilotfish      ( Date: 04-Jun-2009 17:00) Posted: My finding: Semb marine was in a bull run (not bear market rally) and there are some more upwards moves. Semb marine is a strong blue chip component. Just be patient. Just my view. (Not an inducement to trade). aleoleo      ( Date: 03-Jun-2009 16:53) Posted: dunno why .... keep selling down ... maybe temasek is unloading now .....

 

My finding: Semb marine was in a bull run (not bear market rally) and there are some more upwards moves. Semb marine is a strong blue chip component. Just be patient.

Just my view. (Not an inducement to trade).

aleoleo      ( Date: 03-Jun-2009 16:53) Posted: dunno why .... keep selling down ... maybe temasek is unloading now .....

 

dunno why .... keep selling down ... maybe temasek is unloading now .....

 

Sembcorp Marine says lawsuit filed by PetroRig 1 will not proceed

xucloudy      ( Date: 01-Jun-2009 20:50) Posted: Not Performing ?? i dun think so.. its only today man.. the price difference between sci and sml never been so close.. sci is a bit laggard compared to sml..

 

Not Performing ?? i dun think so..

its only today man..
the price difference between sci and sml never been so close..
sci is a bit laggard compared to sml..

 

Overhang of order cancellation issues.

 

aleoleo      ( Date: 01-Jun-2009 16:48) Posted: this fellow not perfoming at all, sembcorp and kepcorp at least got 10 cents profit, but not this one .... index also up so much ... dissapointed

 

this fellow not perfoming at all, sembcorp and kepcorp at least got 10 cents profit, but not this one .... index also up so much ... dissapointed

 

yes,my  target reached,. above $3. thank goodness

 

Target reaching soon. Can take some money off table & wait for correction.

 

This is up, so far steady for now.

 

 

PRESS RELEASE
UPDATES ON PETRORIG I
Singapore, May 19, 2009: Sembcorp Marine (“SCM”) announces that its whollyowned
subsidiary Jurong Shipyard Pte Ltd (“JSPL”) has today received notification
of an application filed by PetroRig I Pte Ltd before the bankruptcy courts in New
York seeking a Preliminary Injunction restraining JSPL from selling the rig. The
application is fixed for hearing today at 1000 hours New York time.
JSPL has sought and obtained legal advice and will vigorously resist this
application fixed for hearing in New York. JSPL has also received a copy of the
Complaint filed by PetroRig I Pte Ltd seeking protection under US Chapter 11
procedure. JSPL is advised that this application is without merit and it will resist
this action on various grounds, including the jurisdiction of US Bankruptcy Courts
over a company incorporated in Singapore.
SCM will make the necessary announcement at the appropriate time of the
development of the proceedings.
For media and analysts enquiries, please contact:
Ms Judy Han
Senior Vice President

 

I ever ask an analyst(no memtion name for reason best known to us ) in a seminar...why most of your call are wrong...he reply.." our assessmaent is base on the data at that point of times...so if come tomolo, something happen, u blame who??..he was saying something like that..

so with that statement he answer all the question of their "mistake"..

i dont know wat u learnt here...but better DYODD..analyst are analyst u know

niuyear      ( Date: 19-May-2009 14:20) Posted: Think i saw (last week from somewhere i cant remember which press) Credit Suisse's downgrade target price for this one is $1.50...Goodness. Are they crazy?

 

Think i saw (last week from somewhere i cant remember which press) Credit Suisse's downgrade target price for this one is $1.50...Goodness. Are they crazy?