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sudden surge of sell down @ $3.19. could this effected by BB to offload for the day?
" mia" soon. BBs testing 3.20 level. whther the DD is there or not...
the selling demand @ $3.20 has ballooned to 1,059 lots
capland ( Date: 13-May-2011 16:02) Posted:
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it has to take some time, see how later whether it can cross 3.20 . if could ,. 3.36 is resistance. May see selling at this point .
Thanks, yes the demand @ $3.19 is picking. Breached $3.20 already. Seems to be surging.
capland ( Date: 13-May-2011 15:57) Posted:
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DD- demand. Also buying price.
parimas8 ( Date: 13-May-2011 15:54) Posted:
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Theorectically you are right if every country is conservative but the reality is -
The mahjong game someone can produce extra-slab, we call money printing.
capland ( Date: 13-May-2011 15:49) Posted:
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the vol for 3.19 buy is picking up. sorry for my limited understanding as i've just started dabbling in equities, may i ask what's DD?
capland ( Date: 13-May-2011 15:50) Posted:
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later u shall see sudden DD at 3.19 level.
parimas8 ( Date: 13-May-2011 15:45) Posted:
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it still depend on the fundamental of China economy.
1) inflation hopefully could be lowered in the 2nd quarter.
2) Interest will be lowered instead of higher as figures showed china will experience slow down.
3) i expect chinese govt will not allow the slowdown- social problems will occur.
4) so, they may decrease interest rate and use their surpluses to jam up. When US is recovering, somewhere in this world will have less funds.
imagine the world is like a mahjong game. It is immposible for 4 players to win money . at least 1 player will lose. Now the loser is US, but when US recovered , some where the funds will have to come out from others.
There were 2 trades done @ $3.20 (9 lots and 3 lots) when the queue for $3.19 was a mere 4 lots but a whopping 956 lots for $3.20 sell. Someone trying to tickle it up to $3.20?
I'm guess it will go to at least 3.5 this year.
So! Next Week Monday. Downtrend ? or Uptrend ?
??? Master Seller and
??? Master Buyer
Isolator ( Date: 13-May-2011 15:34) Posted:
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yup. so now that they (bb) have lots of cheap stocks on hand, the next thing to do is to push it back up so they can offload their load. coz there is no reason why this stock should have run up as the region their business are operating arent that favourable for property counters now.
capland ( Date: 13-May-2011 15:31) Posted:
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Are you sure???????? lol
in the view point as trader. Just focus on the large amount buy and sale volume. Yesterday there is a huge gap between buyers and sellers. Sellers exceed buyers more than 20% . So alot wonder why there is more sellers than buyers, esp last min sell of 1200++ lots. Fishy . In actual facts, the Bbs had been net buyers last few days. They sold down the price during the days, and buy in large amount in the closing . Yesterday, the large sum is actually " force sell" by the institution, and bought by 1 buyer (Funds).
let me remind again... This is just trading buy only....
dejavu from end-mar'11 during the japan tsunami doldrum? then it plunged to 3.08 but then quickly surged to 3.40+ and before long they let it slide down to where it is now.
capland ( Date: 13-May-2011 15:20) Posted:
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not too worry. This counter has been " controlled" by the funds recently. From what i knew, the Bbs taking advantages of the XD effect , to push the price down. And keep buying in at 3.11-3.14 level. Now they may wish to pull higher. probably to 3.30 -3.46. Then i think they will short it down again. this is what i get. To those trader, be aware of big movement. Cpl has not incresed more than 8cents in a day, for the past 2 months. And there is still uncertainty in china and sg. So CPL will not move in such pace as there is no particular news. Only China will not implement any more rates till june.
Many shorties has been caught due to greed..... Very strong force....