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Today is T+4 for Friday & T+3 for Monday. If can hold above 30.0c till tomorrow, likely can affirm we have a new support level.
stayed above 30c...Which was good. Was monitoring the trades and saw that BB trying to dampen demand.......looks like they're not ready to push.. ie have not accumulated enough yet.
Thanks for the input ....still waiting till ho ho ho.
Anyway....just for the benefit of interested parties.....over 45m was done between 26.5 to 27.5 from 8th September till 8 December. 3mths or 60 trading days with lots of large buy ups daily buy (whoever is accumulating).
Prior to that July to 8th Sept......counter moved up easily form 20c to 25c with another 45m shares traded. All in all, some 90m shares were traded/accumulated over a 10c spread....so basing now at this level is very very important for the next leg up....
| 08 Dec 2009 | 0.270 | 0.275 | 0.270 | 0.275 | 2,504,000 | 0.27460 |
| 07 Dec 2009 | 0.270 | 0.270 | 0.270 | 0.270 | 644,000 | 0.27000 |
| 04 Dec 2009 | 0.275 | 0.275 | 0.270 | 0.270 | 1,353,000 | 0.27020 |
| 03 Dec 2009 | 0.265 | 0.275 | 0.265 | 0.270 | 1,344,000 | 0.27010 |
| 02 Dec 2009 | 0.265 | 0.270 | 0.265 | 0.265 | 664,000 | 0.26990 |
| 01 Dec 2009 | 0.265 | 0.270 | 0.265 | 0.270 | 1,827,000 | 0.26980 |
| 30 Nov 2009 | 0.265 | 0.270 | 0.265 | 0.270 | 881,000 | 0.26840 |
| 26 Nov 2009 | 0.275 | 0.275 | 0.275 | 0.275 | 1,687,000 | 0.27500 |
| 25 Nov 2009 | 0.270 | 0.275 | 0.270 | 0.275 | 2,062,000 | 0.27460 |
| 24 Nov 2009 | 0.270 | 0.270 | 0.270 | 0.270 | 1,525,000 | 0.27000 |
| 23 Nov 2009 | 0.265 | 0.270 | 0.265 | 0.265 | 1,605,000 | 0.26980 |
| 20 Nov 2009 | 0.270 | 0.270 | 0.265 | 0.270 | 1,279,000 | 0.26990 |
| 19 Nov 2009 | 0.270 | 0.270 | 0.265 | 0.270 | 1,574,000 | 0.26960 |
| 18 Nov 2009 | 0.270 | 0.270 | 0.265 | 0.265 | 1,193,000 | 0.26980 |
| 17 Nov 2009 | 0.270 | 0.270 | 0.270 | 0.270 | 1,003,000 | 0.27000 |
| 16 Nov 2009 | 0.265 | 0.275 | 0.265 | 0.275 | 1,777,000 | 0.27000 |
| 13 Nov 2009 | 0.265 | 0.265 | 0.260 | 0.265 | 1,265,000 | 0.26500 |
| 12 Nov 2009 | 0.265 | 0.270 | 0.260 | 0.270 | 1,385,000 | 0.26510 |
| 11 Nov 2009 | 0.265 | 0.265 | 0.265 | 0.265 | 1,241,000 | 0.26500 |
| 10 Nov 2009 | 0.265 | 0.265 | 0.260 | 0.265 | 1,221,000 | 0.26500 |
| 09 Nov 2009 | 0.260 | 0.265 | 0.260 | 0.265 | 873,000 | 0.26350 |
| 06 Nov 2009 | 0.265 | 0.265 | 0.260 | 0.265 | 1,347,000 | 0.26500 |
| 05 Nov 2009 | 0.265 | 0.265 | 0.260 | 0.265 | 1,458,000 | 0.26490 |
| 04 Nov 2009 | 0.265 | 0.270 | 0.260 | 0.270 | 1,246,000 | 0.26460 |
| 03 Nov 2009 | 0.265 | 0.265 | 0.260 | 0.260 | 1,112,000 | 0.26450 |
| 02 Nov 2009 | 0.260 | 0.265 | 0.260 | 0.265 | 492,000 | 0.26500 |
| 30 Oct 2009 | 0.270 | 0.270 | 0.260 | 0.265 | 1,011,000 | 0.26650 |
| 29 Oct 2009 | 0.260 | 0.265 | 0.260 | 0.265 | 1,478,000 | 0.26370 |
| 28 Oct 2009 | 0.260 | 0.270 | 0.260 | 0.270 | 1,202,000 | 0.26330 |
| 27 Oct 2009 | 0.260 | 0.265 | 0.260 | 0.265 | 1,100,000 | 0.26460 |
| 26 Oct 2009 | 0.265 | 0.270 | 0.265 | 0.265 | 549,000 | 0.26550 |
| 23 Oct 2009 | 0.265 | 0.265 | 0.260 | 0.260 | 1,060,000 | 0.26500 |
| 22 Oct 2009 | 0.265 | 0.265 | 0.260 | 0.260 | 953,000 | 0.26490 |
| 21 Oct 2009 | 0.265 | 0.265 | 0.265 | 0.265 | 1,164,000 | 0.26500 |
| 20 Oct 2009 | 0.270 | 0.270 | 0.265 | 0.270 | 1,196,000 | 0.26910 |
| 19 Oct 2009 | 0.265 | 0.265 | 0.265 | 0.265 | 656,000 | 0.26500 |
| 16 Oct 2009 | 0.265 | 0.265 | 0.260 | 0.265 | 1,192,000 | 0.26500 |
| 15 Oct 2009 | 0.270 | 0.270 | 0.260 | 0.260 | 1,541,000 | 0.26490 |
| 14 Oct 2009 | 0.265 | 0.265 | 0.265 | 0.265 | 1,213,000 | 0.26500 |
| 13 Oct 2009 | 0.265 | 0.265 | 0.260 | 0.265 | 935,000 | 0.26390 |
| 12 Oct 2009 | 0.265 | 0.270 | 0.260 | 0.265 | 1,754,000 | 0.26330 |
| 09 Oct 2009 | 0.265 | 0.265 | 0.260 | 0.265 | 1,358,000 | 0.26410 |
| 08 Oct 2009 | 0.260 | 0.265 | 0.260 | 0.260 | 1,245,000 | 0.26110 |
| 07 Oct 2009 | 0.255 | 0.265 | 0.255 | 0.265 | 1,344,000 | 0.26040 |
| 06 Oct 2009 | 0.250 | 0.255 | 0.250 | 0.255 | 1,426,000 | 0.25480 |
| 05 Oct 2009 | 0.255 | 0.255 | 0.245 | 0.255 | 1,234,000 | 0.24580 |
| 02 Oct 2009 | 0.260 | 0.260 | 0.255 | 0.260 | 1,962,000 | 0.25890 |
| 01 Oct 2009 | 0.275 | 0.275 | 0.270 | 0.270 | 823,000 | 0.27230 |
| 30 Sep 2009 | 0.275 | 0.280 | 0.270 | 0.270 | 2,056,000 | 0.27550 |
| 29 Sep 2009 | 0.280 | 0.280 | 0.275 | 0.275 | 1,763,000 | 0.27950 |
| 28 Sep 2009 | 0.285 | 0.285 | 0.275 | 0.275 | 2,178,000 | 0.28050 |
| 25 Sep 2009 | 0.270 | 0.290 | 0.270 | 0.285 | 3,212,000 | 0.28280 |
| 24 Sep 2009 | 0.275 | 0.275 | 0.270 | 0.275 | 1,326,000 | 0.27420 |
| 23 Sep 2009 | 0.270 | 0.280 | 0.270 | 0.275 | 2,942,000 | 0.27580 |
| 22 Sep 2009 | 0.270 | 0.270 | 0.265 | 0.270 | 2,334,000 | 0.26970 |
| 18 Sep 2009 | 0.265 | 0.270 | 0.265 | 0.265 | 714,000 | 0.26950 |
| 17 Sep 2009 | 0.265 | 0.270 | 0.265 | 0.265 | 1,634,000 | 0.26950 |
| 16 Sep 2009 | 0.270 | 0.270 | 0.260 | 0.270 | 1,417,000 | 0.26910 |
| 15 Sep 2009 | 0.260 | 0.265 | 0.260 | 0.265 | 2,048,000 | 0.26470 |
| 14 Sep 2009 | 0.260 | 0.265 | 0.260 | 0.260 | 2,656,000 | 0.26260 |
| 11 Sep 2009 | 0.270 | 0.270 | 0.265 | 0.265 | 893,000 | 0.26640 |
| 10 Sep 2009 | 0.270 | 0.270 | 0.265 | 0.270 | 1,158,000 | 0.27000 |
| 09 Sep 2009 | 0.270 | 0.275 | 0.265 | 0.270 | 2,278,000 | 0.27100 |
| 08 Sep 2009 | 0.260 | 0.275 | 0.260 | 0.265 | 4,148,000 | 0.26700 |
yes... yesterday, the 30c held with a 0.5c gain.
Today will be crtical. if it holds the 30.5/ 31c.......then we got a new support line/consolidation line. Increaseing volme from 9 December with increasing price is crucial for the buildup leading to a major break so the next few days will be crucial to see if the 30c holds. The days of quiet accumulation at 26 to 27.5c looks over as we see the next phases of the trending up.
| 15 Dec 2009 | 0.310 | 0.315 | 0.305 | 0.310 | 3,422,000 | 0.31100 |
| 14 Dec 2009 | 0.290 | 0.305 | 0.290 | 0.305 | 1,804,000 | 0.29790 |
| 11 Dec 2009 | 0.295 | 0.300 | 0.290 | 0.290 | 2,813,000 | 0.29500 |
| 10 Dec 2009 | 0.285 | 0.290 | 0.285 | 0.290 | 2,401,000 | 0.28580 |
| 09 Dec 2009 | 0.280 | 0.285 | 0.280 | 0.280 | 916,000 | 0.28010 |
| 08 Dec 2009 | 0.270 | 0.275 | 0.270 | 0.275 | 2,504,000 | 0.27460 |
| 07 Dec 2009 | 0.270 | 0.270 | 0.270 | 0.270 | 644,000 | 0.27000 |
| 04 Dec 2009 | 0.275 | 0.275 | 0.270 | 0.270 | 1,353,000 | 0.27020 |
| 03 Dec 2009 | 0.265 | 0.275 | 0.265 | 0.270 | 1,344,000 |
EDMI is also moving ...
victorian2 ( Date: 15-Dec-2009 09:48) Posted:
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Ho Ho Ho ...Santa is coming....hee hee.
Volume is high and maintain above 30 cents level.
More importantly is that it broke the 30.0c barrier & hold.
Another decent day of rising volume and price increase (0.5c though). Today's trade of 3.4m is by far one of the largest in the last since 9 September where for 2 days, there was a break of 26 to 27.5c for 2 days on 4 and 3m shares respectively.
Awareness of the counter is rising with more traders coming in.....let's see if the gap up in the coming week to break convincingly the 31c-32c resistance as I predicted. If not, collection price should be above 30c from now onwards...
2.2m done so far. Looks like resistance now...but very comfortating is at 31c, BB continue to wack up 800 lots in 2 buy tranches.
Collection price should be at 31c today... with retail who bought earlier selling after the 1st spike last friday at 29.5c.
Counter is defintely coming back to life...
Thier biz seems really resilence during the downturn. It's not just the switch gears, the energy meter biz for EDMI is booming and it's international. Understand they won more tenders......reflecting larger and usual inventory stocking for materials. Their ops cashflow was 11m (positive).... that's about 0.2c a quarter.
I think what is driving their earnings is the energy meters and switchgears biz in Singapore and China. Their JV deal with Yanlord should be really fruitful since Yan Lord is doing very well too. Just not well publicise.....Waiting for right time for PR campaign
Switch gear systems are in demand with building boom (especially the 2 IRs). Sure, it will switch to high gear and romp up.
victorian2 ( Date: 14-Dec-2009 20:56) Posted:
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Buy ups continue to be very strong today. 30c had 2 big buy up at almost 600 lots.
Bollis have started to diverged.....interesting to see if break out is imminent as we approach the 32c level....
EDMI gapped up 3 1/2c today.
it looks like action time within the next 2 weeks for this counter...........
Buy ups seem strong actually. I got it @ 29.5c too.
Price depression at the end. close out 29c while most trades were at 29.5c Resistance will be at this price. 30c will be "symbolic barrier" to break
Looks like today is action day for SMB......... 400 lots buy quote at 0.295.... buy quotes are filling up
http://smbunited.listedcompany.com/news.html/id/191425
HaHaHaHa.. SMB won some global award. Announced today after 5pm. Hope this small little news spark a riot tomorow!!!
going past 30c is a given. Question is we need that breakout where it gaps up 2-3c.
Remember 2 1/2yrs back. it was doing the same thing.....20c to 26c..... consolidate back to 23c......cheong back to 27c..... from 27 to 32c. stayed there for a while and BANG 38c..... then past 40 and the rest is history..... I still think it will just creep....and creep on moderate volume till about 32c....then bang.
NTA is 27.5c. At 1.5X book value, stock is potentially worth another 13.5c so 40c is the TP for this round. There are not many stocks left trading below book value in this new times..... that are highly profitable
ho ho ho comes early???
Switching gear and poised to speed above 30 cents
shplayer ( Date: 10-Dec-2009 20:36) Posted:
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Broke out of Bollies since yesterday.......today's vol is high.