SGX    Last:14.34    +0.21

SGX

don't forget this counter IPO @ SGD1.10 ONLY !!!

 

Alahmah, kena D day already, landed 9.94 yesterday. Today capture few with 9.35 to gain some ground before the next wave of attack at "Normandy"-Stock House. Should listen to Huatah yesterday to keep both hands in the pocket and take out both hands On-line at 0855hrs this morning.Cheers.

 

OPS!!!!! REALLY HUH.. Aiya.. today forgotten to tie both my hands.. backside itch.. go in at 9.54.. haha.. better exit if situation turn sour.. but wif CD.. let's c how it goes..

lol.. i can see elf is lookin behind my bak wif a fierce eyes.... heehee

 

Let me do some gut-feel guess-timation... 

Trading volumes have fallen by more than 50% since the good times. Given that the peak price of SGX was around $17, and that revenue is directly proportional to trading volume, I would say that the current fair price is around $8.50. 
 

 

Read on yahoo that today price tumble is due to expected low volume in the coming quarter....

No doubt the 2nd Qtr result is credible but what concerned most investors now is what's next and not what is already in the bag......

Moreover, the price move up sharply within short period as quote:-

In the first 10 months of 2007, SGX shares more than tripled to a record $17.20, helped by speculation the exchange may be a takeover target amid mergers and acquisitions in the industry.

What will it be like when it fall....shorter period to achieve the reversal since the takeover is yet to materialise????

 

Will good results translate to 'good px' tomorrow? January 15, 2008, 5.22 pm (Singapore time) Reuters

SGX Q2 net profit almost doubles

SINGAPORE - Singapore Exchange, Southeast Asia's top bourse operator, said its quarterly net profit almost doubled to beat expectations, driven by a surge in trading of stocks and derivatives.

SGX, which ranks behind Hong Kong Exchanges and Clearing (HKEx) among Asia's listed bourses, posted a second-quarter net profit of $122.4 million (US$86 million) compared to $63.7 million a year ago.

For the half-year, SGX reported net profit of $252.4 million, more than double from the year-earlier period.

SGX enjoyed record quarterly profits last year as optimism in domestic growth drove a surge in trading appetite for property and banking counters.

Trading volumes in the city-state also surged as Asian stock indexes hit record or multi-year highs, and as SGX attracted listings from Chinese firms.

In the first 10 months of 2007, SGX shares more than tripled to a record $17.20, helped by speculation the exchange may be a takeover target amid mergers and acquisitions in the industry.

The benchmark Straits Times Index gained 31 per cent during the same period. -- REUTERS

 

 

I had all the time to monitor the stock market but still reluctant to pick it up at  $9.86;$9.88......prices. After much hesitatation, submitted few lots at $9.94 at 12.25hrs. But didn't see it drop below $9.90 again, till counter closed in the 2nd hald of the day trading.

It was made known that the coy will announce the result after 1715hrs this evening. Lets cross our fingers. Cheers.

 

Wow.. What a nice closing figure for the day together with their financial announcement.

Perfect "10"!

 

careful... the rise could be trap.... best is to wait till this evening after results announcement...

 

haha.. since i not veri sure of wat will b de outcome of DJ tonite.. still prefer to tie my hands up... thou is super super good px just now.. better b safe than sori..

Cheers..

 

wah SGX <$10... must grab ah..don't grab lugi

 

beautiful rebound. BBs really handling this baby well. from 986 to 1012. if you're on, time to get off the ride. this counter's good for intraday scalp if you have the time to watch.

dang.

 

haha, don't count on too many 80 bucks, kiddo. damn, i wish i had a cfd acct. altho, this kind of climate, better to stay out. dang, i missed the ste range i called for you by some cents. :( need to improve...

well, sgx appears to be making a brief attempt at rebounding...hope he clears it off in time.

 

idesa took position at 10.54.. if he didn't clear off by mornin.. he is in shit now..

 

lol. how nice of you. *ties huatah back up* hm....mebbe i shd tie asterisk up too...that lil bro of mine.... you all stay safe now....how's idesa? no sound from him...dunno what px he bought, too... hope he's ok...

ya know, charts-wise, this looks worse than the aug  17 drop. talking abt general market. cos it's a long, slow decline.

 

yes elf.. just untie myself to type u tis reply.. : )

 

huatah, don't touch. tie your hands and eyes if you have to, but don't touch this counter. you were very lucky to scalp it once already, don't tempt fate twice. it's falling faster than even my worst-case calculations (think that means margin calls today), which if you know how to read charts, means it's very, very bad.

look to aug 17 low as a guide already. too fast a drop. cmi. (-_-")....

 

If Merril, Citigroup and other renounce analysts can issue accurate price targets, they would not be in the current bad shape now.  It just shows how inaccurate anyone can be.  One moment buy, another moment sell.

Very low price-to-book ratio and growth potential may be the best insurance now (although it does not guarantee the price is at rock bottom, which I don't think so at the moment as there is virtually no support for most of the stocks).  Also have to factor in possible forced selling and margin calls.

 

There is no more support level for all counters already. The support levels keep breaking and breaking. Someone just told me a week or two ago that if SGX drop to $12, buy. Very safe. Really so unbelievable that it's below $10 now.

 

Moved from 11 to 9.86. I think 9.80 is support only for today. If DOW cracks big tonight, SGX probably would go to 9.32-9.54 tomorrow.

To think this used to be 17 bucks!