
I have 3 lots at 1.61 and 3 lots at 1.51 . Average 1.56 . My plan is to keep keep till $3-4 range as well
I bought 7 lots, average price $1.40. making money so far but not sold off yet. My target is $3
soloman ( Date: 07-Jan-2010 19:19) Posted:
|
Dry Bulk counters like Mercator Lines (1H 2010 net profit US$20 million) and STX PO(Blue Chip) and Container Shippers like NOL are good contrarian plays at the moment.
I will avoid Cosco as their order books are drying up fast. If they don't replenish it soon, their earnings in 2011 onwards will be degraded.
Remind you, don't trade so frequently, once you lose the step, you will can't catch up with it or buy it at more higher price than you sold it before. I have much more experience about it. if you have holding power, just hold it and don't trade so frequently!just my opinion.
des_khor ( Date: 08-Jan-2010 20:16) Posted:
|
This $1.78 will be very firm support level... Thursday open also at $1.78... hopefully by end month become $2.38...
$1.78 sound GOOD.
It mean yi qi fa
Still waiting patiently fr it to drift above $2...hehe
Bought NOL @ $1.65 on Mon and sold it @ $1.81 on Thu .
Bought Cosco @ 1.28 on Thurs and sold it @ $1.31 sameday.
Bought NOL @ 1.76 today and still holding.
NOL set to sailing fast...
Cosco no new orders since mid 2008...
NOL still better buy as we can see the economy already recover and the ships start to sail.
Cosco have difficult time to get new order as the sea full with excess cargo ships.
NOL, Mercator Lines, STX PO and Courage Marine are SGX shipping counters. Load up before the boat departs!
tanweechong ( Date: 07-Jan-2010 15:54) Posted:
|
I saw; earlier too paiseh to ask without much contribution yet:p Nice foresight of yours:-D
des_khor ( Date: 07-Jan-2010 15:20) Posted:
|
NOL
NOL is another top volume stock that has been spiking steadily this first week of the year.
At S$1.82 as at the close of today’s first half trading session, the leading global container shipping line gained another 7 cents overnight, continuing its 10.3%-surge from S$1.65 at the end of last year.
Deutsche Bank upgraded the stock to “Buy” yesterday, and raised its 12-month target price to S$2.04 per share.
The following key industry catalysts were highlighted:
(1) Demand recovery from restocking in US/Europe
(2) Continued freight rate rises especially after the annual Transpacific contract negotiations in May
(3) Newbuild supply coming in below expectations on the back of order cancellations and delivery delays.
NOL is another top volume stock that has been spiking steadily this first week of the year.
At S$1.82 as at the close of today’s first half trading session, the leading global container shipping line gained another 7 cents overnight, continuing its 10.3%-surge from S$1.65 at the end of last year.
Deutsche Bank upgraded the stock to “Buy” yesterday, and raised its 12-month target price to S$2.04 per share.
The following key industry catalysts were highlighted:
(1) Demand recovery from restocking in US/Europe
(2) Continued freight rate rises especially after the annual Transpacific contract negotiations in May
(3) Newbuild supply coming in below expectations on the back of order cancellations and delivery delays.

Source: Deutsche Bank report Jan 6.
Sold off mine today at $1.80....run too fast liao...waiting for pullback to load again

this kind of bull market, still lose money.
maybe nobody believe it!
Peg_li ( Date: 07-Jan-2010 20:20) Posted:
|
10 lot in hand, bought at 1.85!
still lose money!
soloman ( Date: 07-Jan-2010 19:19) Posted:
|
Anyone cares to shares how many lots of nol holding and making money or not ?????
Is just the beginning.....Bull start to run!!!!
buy more win more...
buy less win less....
sell now win peanuts!!!!
You never see ''about me'' meh?? hehe
tanh2l ( Date: 07-Jan-2010 14:55) Posted:
|
Haha, just bought NOL, Cosco & MER(for O & G) on Mon. MER not moving, but NOL & Cosco chiong!! YEAH!!
ohh..haha...thks:)
des_khor ( Date: 07-Jan-2010 14:45) Posted:
|
Market fortune teller... hehehe...
tanh2l ( Date: 07-Jan-2010 14:40) Posted:
|