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zhenxian, it is definitely good.. as de coy will buy bak it's shares. An indication tat de coy believe tat it's good catch..
move up wise.. hard to say.. look at NOL as an eg.. brought bak several time.. but market sentiments and marco situation pushes it down to $3 from $6plus.
Is the below report good or bad?
Should be good right? cause they buying back their share so the price will move up??
1110498_2.DOC
YANGZIJIANG SHIPBUILDING (HOLDINGS) LTD.
(Company Registration No. 200517636Z)
(Incorporated in the Republic of Singapore on 21 December 2005)
PROPOSED SHARE BUY-BACK MANDATE
The Board of Directors (the ?Board?) of Yangzijiang Shipbuilding (Holdings) Ltd. (the
?Company?) is pleased to announce that it intends to obtain a mandate from the
shareholders of the Company (the ?Shareholders?) for the purchase or acquisition by the
Company of its own shares, from time to time, of up to a maximum of 10% of the issued
ordinary share capital of the Company as at the date on which the Shareholders resolution is
to be passed (the ?Mandate?).
The Company will, in due course, prepare and despatch a circular to Shareholders setting
out relevant details on the Mandate.
By order of the Board
Ren Yuanlin (任元林)
Executive Chairman
15 January 2008
Note: UBS AG, acting through its business group, UBS Investment Bank, acted as the
Global Co-ordinator and Sole Bookrunner for the initial public offering of the shares of
the Company.
ah moh remieser tell me slideline,,,,,,,,,,foregn brking hse short heavy they know bad news will coming.....big boy win,,,,,,,citi,,morgan standy..merrryynnll all short heavy before their parent company result out......1.37 akang datang
Is climding up....
down, down, down...
good stock or bad stock all kena whack - sell down.....
like July 2007.
hm yea. but it's linked.
and ok, a quirk of psychology perhaps (which again shows how markets are emotive and not rational by nature): when ppl think yzj, they think shipping. hence, if shipping goes down/up, yzj moves accordingly.
it's like how SPC is actually more of an oil refinery (hence, if crude px goes up, it should by right go down, since margins are squeezed), but in ppl's minds, SPC = oil. that's why SPC tracks the price of crude, although rationally, it should not.
of course, SPC is more complicated since it has many biz, but roughly, that's abt it. psychology.
i though yzj is not a shipping line like NOL.
yzj is a shipbuilder.
eh well, if you're a techie, then you're not bothered so much about the why it is falling, other than to acknowledge that it is falling, and so, play accordingly.
but reasons why...elf interned with one of the BBs before...so by their psychology or market principles--as you like it--why fundamentally you'd call a sell:
1) yzj is a growth stock--believe i mentioned this some mths ago--growth stocks have high PE ratios, and rise fast, but crash just as fast. in a volatile and recession-prone market, the preference is for value and 'safe' stocks, not growth stocks. ie, Its growth phase may be over.
2) baltic dry index. yzj tracks it since it's in shipping.
3) asia has not decoupled from the US. that's a myth of fund managers--i have an internal report that directly says as much--so if US growth slows down, global growth slows down: for every 1% drop in US economy, china loses 3-4% of growth. THe US is the largest export market: that's why you need to track US consumer spending, of which 2/3 of US economy is based upon: consumers buy less, other countries export less. yzj is in shipping; they ship commodities. if exports drop, naturally, shipping goes down too, since less need for export.
hence, fundamentally, that is why a fund would call a sell on yzj.
don't quote me on the above. heh.
I doubt the $1.50 support could hold.. heading for a nosedive.. good price to enter will be $1.36... good counter for intra-day trading. but got to be cautious..
Currently, most ship builder counters like yzj, nol, cosco r down becos of the falling baltic dry index and sad to say its has yet to hit bottom.. so expected to see more downside for yzj.. fundamentally the company is still doing fine..
ic.. if tat's de case.. elf did mentioned tat to DCA.. wait for 1.3. of course.. it depends on u.. cos if it support at 1.41 didn't broke.. 1.3 will not materialize.. vest at your own risk.
Cheers
wow, this counter really fell alot for the past few days.
Does anyone know why it fell so much?
Thanks for sharing~!
Thanks huatah and elfinchilde.
I got some at higher prices.
I am waiting to average down when the time/price is right.
...elf will just be very direct: if you're thinking long term, don't buy yet! 1.41 support; doesn't seem like it'll hold though.
not vested. caveat emptor.
DnApeh... buy for contra or investment? If investment.. sure can.. in my opinion.. but not an inducement for u to buy.. for contra.. dun gamble.. so far.. so many ppl had indicated still no sign of "light" down the road based on TA..
1.49 can buy?
Bingo Arbitrager.. just 2cts more to hit 1.5..
so sad to know tat northward direction is not anytime soon..
Really gotto hold for at least 6mths liao.. heehee..
YZJ
yet to see reversal sign, TA suggest it approaching the 1.50 support soon. Resistance seen at 1.63.. Don't expect it to go northward any time soon..