
current resistance at 1.20 after it break then the next one would be at 1.50 since ship crashed from this level all the way down to 1.10.
1.20 breakout 50/50
VincentVW ( Date: 12-Sep-2013 12:57) Posted:
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What is the next resistance of nol...
Peter_Pan ( Date: 12-Sep-2013 12:01) Posted:
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nol successfully bounced from support 1.10
Peter_Pan ( Date: 10-Sep-2013 12:05) Posted:
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shipping counters seem to come alive after good china export data, maybe investors run out of idea which sectors so they sticking to good old economy dependent shipping counters lol.
Pliz load ur bullets. Oil price is dropping ler.
yes sir yes
Low base meant bigger increase when economy recovered, the whole world is living off QE for 4 years with demand weak. When demand recovered finally after 4 years BDI and SCFI would return to proper valuation so would shipping related counters just be patient and stay cool. QE seriously warp the nature of growth in the last 4 years with investors dumping money on dividend stocks and bonds, when QE ended those investors would relocated money back to growth stocks as they would be biggest winners.
So low as compared to other sectors ..
sgng123 ( Date: 11-Sep-2013 19:59) Posted:
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The pace of share price all depend on US/Europe economy recovery pace, if US 3Q GDP surge to 3-4% and Europe maintain growth rate then might get a few 5-10% surge before settling down. Anyway no upper limit to what NOL can go as the sky is the limit for shipping stock, YZJ and Cosco got a nice 3-4% surge today due to improving BDI. today BDI go up by another 65 pt to hit 1550+ level, might see it hit 2000 by end of year if economy recovered. BDI bullish sentiment might spread over to SCFI since they are more or less related to shipping transport, no need for GRI also can get higher rate if growth sentiment spread.
Indeed .. Slow and steady .. B4 u know it .. 2$
Syria crisis is most likely over now just need to wait out fed tapering but I think it is going to be a no event next week. Ship is recovering steady everyday up by 1-2% slow and steady is good.
Singapore Ship waiting for NS men to clean rusty propeller. LOL
banana ( Date: 11-Sep-2013 14:47) Posted:
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ter mah sek to huat very impt
Easily will go to $1.20 with continuing bullishness, which is just the starting of things.   Huat for everybody, even huat for Ter Mah Sek and G I see. Cheers.
ST SDAV looks average to me, today maybe even slightly above 2wks average.
Last 2 wks SDAV ~$1.36b
CSCL & Evergreen stopped advancing. When offshore FM buys, they buy regional. Looks like now local FM buying.
 
Not so sure. Straits Times overall volume traded is v thin today. Trade with caution IMO.
1.15 had been breached, currently range bound in 1.145 - 1.15. Might go higher as today got good volume traded, later in afternoon short covering maybe.
possible to reach the stipulated p/b in time to come
tomorrow would be interesting, short sellers would be covering their positions due to positive progress on Syria crisis. had fun punting or watching ur portfolio grows. When next week fed meeting finally over, ship should move north in anticipation of better 3Q result and strengthening world economy. US debt ceiling is another wayang US PR show since US congress got no choice but to increase ceiling due to the fact congress members had to watch out for backlash in 2014 congress election, no one is stupid enough to risk political career over US debt ceiling debate. Enjoy recovery in ship share and made money but the biggest pot of gold would be in jan/feb 2014 period, mine personnel fav punting months as ship like to surge 10-20% during these 2 months.