
Coal price is on the rise... Shares is uptrend with media coverage...

This morning heard CNBC mentioned Coal price hit a high! sounds good for S A.
Anyone know where to track the coal price?
Please refer to link for write about this counter:-
http://www.remisiers.org/research//sar180408%20buy%20pt2.98%20dbs.pdf
Straits Asia Resources rose after its parent Straits Resources said it will move control of its coal assets to the Singapore-listed unit to improve growth prospects.
As part of the restructuring, Straits Asia could seek a secondary listing on the Australian stock exchange, it said.
taybc1071 ( Date: 07-Apr-2008 13:34) Posted:
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Yes Now can smile abit liao... hahaha... sometime Early bird will not catch the worms at lesat for today.. nearly got into deep S*** if i were to awake and monitoring...
Thks for being concern and hmmm... think this is my no.. 200th posting... means?? hee... lingering here too long ... hahahaha
EastonBay ( Date: 03-Apr-2008 11:52) Posted:
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jason.. i am sure you are smiling now...

Gd morning everyone... Lucky i was overslept and the price did went down to 2.77 then bounded back... think this counter is really something!!!! Unpredictable...... going to unload soon....
gd luck to all vested...

cmbock ( Date: 02-Apr-2008 21:54) Posted:
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Hi....
may I know which website do u check on the commodity prices?
Big fall in raw minerals prices world wide could be the reason behind today's fall.
EastonBay ( Date: 02-Apr-2008 16:57) Posted:
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Thks for letting me at least know why but i still can't digested it!!!! hate to get stocks that seems potential but performed this way... anyway.. still holding till the sut losses price of 2.79.... anything less than this.. i am going to join the bear contigent and fight this counter back... hee
Thks alot again ... cheers
EastonBay ( Date: 02-Apr-2008 16:57) Posted:
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here's the gist of what DBSV said:
DBS Research initiates coverage on Straits Asia with a target
price of $3.89, which implies an FY08 and FY09 PE of 16.7X and
8.6X respectively. Technically, the recent dip in interest among
commodity plays could see the stock capped at $3.44 resistance.
The stock is likely range bound from $2.43 to $3.44 in coming
weeks.
Sometimes it has no logic, cos this is one of the more speculative/playable counter with high volume... It went up and up and throughout last week. How can it keep going up without taking a break? Looks like your entry price was quite high.
Nevertheless, I do find it a little weird that it drops today against broad market's rise. DBSV issued a favourable BUY report today. Normally on the day of release, it will get some support unless
1) a huge foreign bank issues a unfavourable report and their voice ususally carry more weight than local banks
2) demand and supply factors of thermal coal causing potential drop in their margin
cyjjerry, looks like the tech picture has changed since we discussed this one last Friday ?
This counter not regarding CPo also kanna short down... haiz dunno wat has happen to thi sworld.... little rise on index will get stocks to surge and now with around 3% increase.... down so much.... can't understand..... sad...
how to cheers?/
