Ho Bee Land    Last:1.8   -

Riding High On The Sentosa Wave

You are so right to say that there are big player in the market...

This is what volume is about... ie. who else but only the funds can trade big resulting in high volume.

But the market essentially consists of big players of all dispositions, some bears, some bulls, and some in between.
Thus the so-called 'beast' does not refer to any one group of players, but rather the composite market.

It is the price behaviour of the market caused by all the players that result in the existence of the "beast".
Prices can fall or rise drastically depending on what the various players do, which is normally hard to predict, except with the aid of objective tools like price charts... but even so, much is unpredictable!...

 

i agree the market is a beast with clumsy paws and claws, but is it necessary everyone follow the beast?
the beast is nothing but the position the Big BB's Citibank, Merril Lynch , CIMB take in respect to
a counter.
are they supposed to be right all the time? if so how can u explain all the  big losses they suffer recently.

sometimes it feels good to act by what ur heart tells u not what the market is telling u in the short term.
just trying to point to  some Bulls who may be reading on how good a value Ho Bee really is.

just my 2 cents.

 

 

 

 

Attched are all fully sold HB projects, these will easily cover HB for at least 6qtrs

Singapore Projects > Fully Sold Projects

Paradise Island The Coast Vertis The Berth by the Cove The Berthside

 

When I bought it was only 0.8 and sold at 1.6. Is this the right time to buy this counter again? Dropped so much.

 

woww ... really touched 1.74 today  

i am prepared for this unexpected storm ... hopefully 3Q result announcement can clear away the gloomy sky  

 

The stock market is a monster of a beast with a 'mind' of its own...

When its time to go down, it will go down... similarly, when its time to go up, it will go up...

All fundamentals are temporarily brushed aside by the beast's clumsy but unmistakable paws...  

 

ho bee is not a pure property counter.
it also owns hotel windsor and a few Industrial land
which will assure it of regular quarterly earnings.

the market seems to forget HoBee's estimated P/E
for 2008 will be 4 if it can make 40 cents and
the price goes to 1.60.

all other property plays P/E easily above 15 to 20.
if people still want to short this counter, after
knowing this its like playing with fire.

 

shot back to 1.79 to what I purchase yesterday, sianz... should have bought today low at 1.74... damn it..

but again, I am confident on this counter.

 

Kodiak... :)

Whether Ho Bee will fall to 1.63 or not cannot be predicted by anyone. So only you are responsible for any action.


But if it falls, it will not fall a lot suddenly... rather it may fall a bit at a time... this is known as downtrending...

With the recent policy on progressive payment, property sentiment is bound to be dampened. Thus a temporary downtrend in such a situation is not unlikely...   

 

juz sold 1 lot at 0.80 (buy at 1.92) still got 1 lot  at 1.90....

so sad... first time play stock.... loose money...

 ... how to get back some confident ....

 

please help..... any other stock to recommend
 

 

manikamaniko ,

would it drops to 1.63?? hb dropped to 1.69 during the august crisis ...but rebounded back to 1.8, unless it is some really really bad news, otherwise  would hb drops so much

at the time of writting this post, mr dow has slided to -200pts, wonder would it affects the price tomorrow?

 

Kodiak... :)

Thanks...

Personally, if I want to enter this counter, I will not enter now, but wait until 1.63 to enter.

Then, if it falls below 1.60 or so, I will quickly dump it.

 

dear manikamaniko ,

for my case, i set a 20% limit -> therefore 1.62 is my stop-loss limit 

 

Dear Kodiak... :)

As a matter of interest (actually, quite "kaypo" ), what is your stop-loss point, if I may ask?...

Hope you won't mind me asking..

 

too bad ... did not anticipate the price would touched 1.78. vested 5 lots @ 1.8 .

i am optimistic about this counter ... let's hope the 3Q result is astonishing

 

Dollar cost averaging is an interesting investment style for very long term investors.

But more interesting is a style used by a dancer by the name of Nicolas Darvas in the early years.

Darvas' style was the opposite of the averaging down style of so many traders/investors.

He 'averages up', so to speak.

ie. as a stock goes up in stages, he would buy more heavily into it...

 

As you disbelieve, the chart showed that its low is 1.78 today...

I am so bearish on property stocks now... Property speculation drives the property bull...

Though some construction counters somewhat perk up due probably to expectations that more genuine property buyers will be coming on the market soon...

 

the more I read, the more I don't believe this counter will keep going down.

Vested 10 lots @ 1.79, testing first. anything dramatically drop < 1.65 , will do cost averaging.

 

 

don't worry about 3Q results, surely it is better than last year.

recall , 2Q nett profit 127 millions up 424% , 1H 07 nett profit 204 millions, up 445.2% compared to last year. As this year, (quoted the straits times) the latest sentosa cove project, Turquoise, median price hit $2587 p.s.f. while the highest was $2772 p.s.f. a record for the Cove.

All this high end condo will bring Ho Bee a lift.

Not vested, trying to bottom fish today or tomorrow.

 

hmm... I am still finding a right position to enter... their sentosa cove selling quite well, isn't it?