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Press Article 25/May/08
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1D14BC2CF491DFFE48257455003356F1/$file/TheEdge-China_Oilfield_clarifies_seasonal_losses.pdf?openelement
China Oilfield Technology posts seasonal loss of RMB15 million in 1Q08; builds order book worth RMB200 million
Hope none of you shorted the counter.
Recent price has factored in the poor result when it dropped from its $0.535 peaked 1.5 week ago.
6th May DBS has lower their target price $0.83 to $0.62. Maintain buy. Do your research.
i think it came as a big surprise to many tt no selldown for this counter...never hear of such a news before ... 0 0 0
Don't just look at the bad news, you shud observed the R&D effort of this company too.. has been resist around 0.38-0.39 for 2nd days.. wait to vest
I am surprised no selldown...hehehe!!!
waa... so overwhelming response .... hey guys, my intention is not asking you guys to short it... usually, if that's really bad news, the opening price will be very low already.. not much juice to squeeze... but again, with management explanation, that's really the first time in my life reading and knowing got such things... then, they should just close shop for the first 3 months, heeeee....
ME ME ME..... i will Q 4 bids below today closing price to short this CHI NA stock... kanna quite a big hole by it and this is the time i get back with interests...
ha... also now DOW JONES drop 70plus pts and it should be a good day for us to short especially this counter with 0 revenue,,,....
HAHAHAH....
idesa168 ( Date: 05-May-2008 22:51) Posted:
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Odds are it shld hit 37c at the bottom. More selling expected if it goes below 36.5c on heavy volume.
Expect the downtrend to extend. I've never seen such an earnings report before. Hmm... I thought CNY only lasts a few days and not one whole quarter. Perhaps it will be subject to SGX query soon.
Short to 0.3？
any guess on tis counter's closing price tomoro?
Who is interested to SHORT this burger tomorrow morning?
Target price...SHORT to 4 cents can or not? Since it represent 10% of the last traded price of 39 cents. Let it trade around 4cents until 2H where 90% of earning is in then buying in the share...LOL!
really a joke, a cheating counter. Let's dump it to penny stock.....
gasp! can like that one meh ?!
THIS IS BIG JOKES.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_273842FBA25F12F1482574400023DF0F/$file/1Q2008Results.pdf?openelement
1Q 2008 Revenue 0, Cost of sales 0, Gross profit 0, explanation is revenus is only recorded upon delivery of goods. typically, there will be no delivery in the first quarter of the year as customers only places orders after chinese new year.
WIN liao, first time hearing this.
luckily i am out of this counter... now, any kind souls can tell me whats the entry price now? 0.29 ?
S-shares are Chinese Companies ( China ) listed in Singapore Stock Exchange. SSE - Shangai Stock Exchange.
Hope the clarification helps.
Hi Reveal,
I am new here, May I know what is S-share and SSE?
Thanks you in adavnce
kenny
Shorting is too risky now. My feel is that S-shares is moving up strongly in tandem with SSE rise!
Wait to long when time is right.