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Sakari

Hope that this one will follow the trend and go up on Monday so that can unload it. False hope?

I was so fortunate to get out of Sakari when I learned that Patriot Coal filed for bankruptcy in early July and thus avoided suffering a huge loss.

I did make a couple of alerts here about Patriot Coal's bankruptcy, but I guess nobody took any heed.

Eighteen months ago Patriot Coal was trading in NYSE at around US$24 and today it's only 15c.

rutheone1905 ( Date: 27-Jul-2012 17:15) Posted:

" So many safe counters to play, why get involved with uncertainty."

this statement is golden.

many ppl like to get involved in shipping coy, genting, n many other riskier counters n misses out strong fundamental ones.

wanglausern ( Date: 21-Jul-2012 06:34) Posted:

By the time color appears, mati liao loh.

So many safe counters to play, why get involved with uncertainty

" So many safe counters to play, why get involved with uncertainty."

this statement is golden.

many ppl like to get involved in shipping coy, genting, n many other riskier counters n misses out strong fundamental ones.

wanglausern ( Date: 21-Jul-2012 06:34) Posted:

By the time color appears, mati liao loh.

So many safe counters to play, why get involved with uncertainty.

hlfoo2010 ( Date: 20-Jul-2012 15:16) Posted:

PCX Market Currents more »

July 9 Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy protection. The company expects to continue mining operations and customer shipments in ordinary fashion as it goes through reorganization, and has obtained a commitment for $802M in DIP financing. Shares -15% AH after falling 72% in the regular session. (PR)
56 Comments
[Breaking News, Energy]

THis baby bankrupt , AJ1 is different , u will see the colour soon. when > > > > > > > > > > ??????????

I unloaded half at 1.255 two days ago. Will unload the other half after the results are out. Feel very depressing to hold this counter.

oldflyingfox ( Date: 27-Jul-2012 16:29) Posted:

I longed at 1.24 today, just for trading buy...

Obviously not for parking funds. Short rebound leading to bigger drop. May lose another 10-15% before bottom can be seen.

GuavaXF30 ( Date: 24-Jul-2012 09:09) Posted:

Some strangeness in the market today. But am not optimistic. Think there may be throw downs later.

If not too painful, may want to consider getting out and staying on the side for now. But only my opnion......

tglim74 ( Date: 23-Jul-2012 20:38) Posted:

Thanks so much for advice. Yes better park the hard earned $ at the safer counter. SL set as 1.23. Keep fingers crossed

Stay sideline for Sakari but definitely can come in again some other time for this stock. At the moment, stay sideline first for Sakari.

Star-Trader

Some strangeness in the market today. But am not optimistic. Think there may be throw downs later.

If not too painful, may want to consider getting out and staying on the side for now. But only my opnion......

tglim74 ( Date: 23-Jul-2012 20:38) Posted:

Thanks so much for advice. Yes better park the hard earned $ at the safer counter. SL set as 1.23. Keep fingers crossed.

GuavaXF30 ( Date: 23-Jul-2012 16:22) Posted:

Afraid I see negative trend for a while. Coal price and China demand is bad combination at the moment. Even Aussie commodities counters taking big hit.

If you must park your money somewhere, consider ChinaAnimalHealth. At least there is a delisting opportunity. See SGX announcement

We have changed our mind .... Sakari is a buy @ $1.2x ...... Tp 1.40 Results will be the catalyst ....

Bintang ( Date: 23-Jul-2012 19:19) Posted:

The critical support is still at $1.16 , breaking which may go straight down . Because $1.16 is also the lowest supporting point of the long term downtrend channel . To mention abt the TP if breaking this point , it would be zero .

Bintang ( Date: 18-Jul-2012 16:26) Posted:

Bearish rising wegde has confirmed broken , n advancing to its target

Thanks so much for advice. Yes better park the hard earned $ at the safer counter. SL set as 1.23. Keep fingers crossed.

GuavaXF30 ( Date: 23-Jul-2012 16:22) Posted:

Afraid I see negative trend for a while. Coal price and China demand is bad combination at the moment. Even Aussie commodities counters taking big hit.

If you must park your money somewhere, consider ChinaAnimalHealth. At least there is a delisting opportunity. See SGX announcement.

tglim74 ( Date: 23-Jul-2012 15:29) Posted:

bought some at 1.28 last Friday, thought was rebound. Looks like is a trap.

The critical support is still at $1.16 , breaking which may go straight down . Because $1.16 is also the lowest supporting point of the long term downtrend channel . To mention abt the TP if breaking this point , it would be zero .

Bintang ( Date: 18-Jul-2012 16:26) Posted:

Bearish rising wegde has confirmed broken , n advancing to its target .

Bintang ( Date: 12-Jul-2012 20:32) Posted:

All long positions must CLOSE if the share price goes below $1.16 which was the lower point of the mothly hammer

Afraid I see negative trend for a while. Coal price and China demand is bad combination at the moment. Even Aussie commodities counters taking big hit.

If you must park your money somewhere, consider ChinaAnimalHealth. At least there is a delisting opportunity. See SGX announcement.

tglim74 ( Date: 23-Jul-2012 15:29) Posted:

bought some at 1.28 last Friday, thought was rebound. Looks like is a trap.

Currently Sakari Resources is still bearish. No sign of price bottoming up yet.

http://mystocksinvesting.com/singapore-stocks/sakari-resources/sakari-the-chart-still-look-very-bearish/

I think stocks in this sector listed in HKSE is better than the one listed in STI.....a lot of them them with high eps......

So how the fundamental of this stock? will it able to survive this crisis and recover when the economy recover?

Thinking of holding this shares for long term

That's why fundamental of the stock is always important in any trading..besides technical analysis.. Though I am not an expert in fundamental analysis which I am still learning, I always need make sure that the company is doing well as in profits on quarterly basis before I want to do technical analysis on the stock and trade on it..

Star-Trader

What colour? Red or green?

wanglausern ( Date: 21-Jul-2012 06:34) Posted:

By the time color appears, mati liao loh.

So many safe counters to play, why get involved with uncertainty.

hlfoo2010 ( Date: 20-Jul-2012 15:16) Posted:

PCX Market Currents more »

July 9 Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy protection. The company expects to continue mining operations and customer shipments in ordinary fashion as it goes through reorganization, and has obtained a commitment for $802M in DIP financing. Shares -15% AH after falling 72% in the regular session. (PR)
56 Comments
[Breaking News, Energy]

THis baby bankrupt , AJ1 is different , u will see the colour soon. when > > > > > > > > > > ??????????

By the time color appears, mati liao loh.

So many safe counters to play, why get involved with uncertainty.

hlfoo2010 ( Date: 20-Jul-2012 15:16) Posted:

PCX Market Currents more »

July 9 Patriot Coal (PCX) confirms an earlier report, announcing it has filed for Chapter 11 bankruptcy protection. The company expects to continue mining operations and customer shipments in ordinary fashion as it goes through reorganization, and has obtained a commitment for $802M in DIP financing. Shares -15% AH after falling 72% in the regular session. (PR)
56 Comments
[Breaking News, Energy]

THis baby bankrupt , AJ1 is different , u will see the colour soon. when > > > > > > > > > > ??????????

wanglausern ( Date: 20-Jul-2012 13:28) Posted:

Ain't surprised at all. Three weeks ago Patriot Coal (PCX) listed in NYSE was trading at 2.80 and now collapsed to 23c nia nia

Sakari's position is far different from this company so I am still interested to trading buy when it has hit the near term bottom. Let see how strong is the support line at 1.16 next week.

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Sakari