STX PO   

STX Pan Ocean

The Baltic Dry Index, a measure of shipping costs for commodities, dropped 4.6% to 7,949 on Jan.11, the steepest fall since 1989.

"The reason the BDI fell is because of concerns about a global slowdown."

Investors are worried that with rates falling so much last week, shipping lines may pull back from ordering more vessels from shipyards,'' said Lee Jae Won, an analyst at Tong Yang Investment Bank in Seoul.

 

I stay away from this counter for some time.

 

Baltic Dry Index -384 7949

 

i got gut feeling this counter will dip on monday.

 

STX PO dropping because of falling Dry Bulk Index.

 

Yo.. me too.. offload at 3.63.. wasn't there when it hit 3.7 high... wat a miss.. but still ok.. glad tat it shine once again..

I wish all PO supporters will c $4 dollars soon...

 

To all bros.. who support this counter... HAppy 2008 in advance and i off load some of it off today to get some profit ( $3.69 )and will monitor it closely to get in again... happy vesting ....

 

 

Whoa... massive buy in on Friday. TA charts look very bullish.

 

jasonrxz.. me too.. hope tat i can goes up to $4plus.. wif another announcement of their signin wif Cosco.. it further add value to tis counter.. though it will not have impact to tis financial rpt.

Let's c how it goes.. and also.. whether coming next yr.. it might address pinkygoh's concern.

Cheers..

 

 

i stay away from this counter after it is listed in korea as i foresee such thing going to happen. i avoid lossing my brain cell in this counter. 

 

The announcement basically didn't state all the rules & regulations related to the share migration.

For instance,

- any transfer fee?

- how long it takes to transfer the shares and when you can begin trading?

- what is the difference in the brokerage fee, effective exchange rate, and whatever applicable taxes?

There are many many more questions that were not clear and no guidance was given. So, it's up to investor to research more.

I believe such arrangement will truly benefit the investment company instead of individual. Individual will only be led around by these investment companies

The initial jump is looking for the equilibrium price. Once it's more or less there, unlikely it will cheong unless there is super duper good news, this migration arrangement effect will wane and may in fact add more uncertainty to the share price....just my 2 cents worth of thoughts.

 

if u are right, how come the bb is not reacting to a big gap of profit?? something that we do not know.

 

STX Pan Ocean's announcement essentially allows the arbitrage of the dual listed shares. With the Korean tranch trading at an eqivalent of $4.60, the S'porean tranch, then trading at $2.96 spiked up to $3.25 at 4:45 pm when the trading halt was lifted, before closing at $3.51, amid frantic trading by bargain hunters and traders who had shorted the issue.

 

Yup... that was my wishful part of getting Singapore STX PO to reach at least $4. hee hee----------- However i think it will reach within week ahead.

 

I did a check and this is wat i got ==>  after calculating that KOREA counterpart is trading at 2990KRW which convert to 4.60SGD. (currently on 28 dec)

So... Just to let other have a feel of the potential... though i am only a small small fry here..... cheers

 

Regards

Jason

 

 

 

Details of announcement is in my blog at http://www.freewebs.com/henryhts. I miss the boat!

 

 

jason.. within 15mins.. quite tough.. but seriously.. no one will know whether it will b korean px coming down or sin px goin up..

dun wish to give anyone wrong impression.. but for us.. definitely we would like sin px to climb to korean px.. since there is pretty a gap..

let's c how tis counter trade on Half day .....New Year Eve.

 

haha pension.. no matter wat.. u definitely can come up wif a negative tones.. lol..

Big Cheers to u..

Nevertheless.. despite ex loss.. if occur.. me aredi laughin all de way to the bank...

Cheers...

 

Do u think it had reach a "balance" stage with korea counter part? think abit of upside on new year eve can be achieve...

 

Hold tight to feel the "G" of surge!!!!!

 

becareful of exchange loss.

 

Dear All...

de news basically is good for us.. those who had vested...

It could b two ways.... either Korean px come down.. or Sin px goes up.. as we can c.. it shoot up and trying to find the equilibrium stage...

Congrats to all..

For those Shortist... i guess really catch offguard.. and pay a huge px...