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CoscoCorp

Let see can short how many lots at 2.06...

 

Cosco Corp secures contracts worth over $165m for two rigs

Cosco Corp secures contracts worth over $165m for two rigs

Tags: Cosco Coporation | seadrill

Written by Thomson Reuters

Tuesday, 01 March 2011 13:35

Share this Digg Del.icio.us StumbleUpon Netscape Yahoo Technorati Googlize this Facebook Export PDF Print E-mail Singapore-listed shipbuilder COSCO Corporation (COSC.SI) said on Tuesday it has secured contracts worth more than US$130 million ($165 million) from offshore deepwater drilling company Seadrill (SDRL.N) to build two rigs. These two drilling rigs are scheduled for delivery in the first quarter and third quarter of 2013, respectively.   Back to Top Quote this article on your site To create link towards this article on your website, copy and paste the text below in your page. < style type=" text/css" > < !--.quote {width:350px padding: 6px border: solid 1px #456B8F font: 10px helvetica, verdana, sans-serif color: #222222 background-color: #ffffff}.quote a {font: 13px arial, serif color: #003399 text-decoration: underline}.quote a:hover {color: #FF9900 }//--> < /style> < div class=" quote" > < a href=&http://quot http://www.theedgesingapore.com/the-daily-edge/business/26742-cosco-corp-secures-contracts-worth-over-165m-for-two-rigs.html" target=" _blank" > Cosco Corp secures contracts worth over $165m for two rigs< /a> < br /> Tuesday, 01 March 2011< div align=" right" style=" width:350px" > < p style=" text-align:right " > © 2011 - < a href=&http://quot http://www.theedgesingapore.com/" target=" _blank" > The Edge Singapore< /a> < /p> < /div> < /div> Preview : Cosco Corp secures contracts worth over $165m for two rigs Tuesday, 01 March 2011 © 2011 - The Edge Singapore

Last Updated on Tuesday, 01 March 2011 13:37

 

I think can set 2.06 as the resistance....

 

My feeling say so...  Seems like I am losing...  

 

Low. I bought at $3.53 lol..

 

2.05

 

why u want to short? any reason behind?

Isolator      ( Date: 01-Mar-2011 14:02) Posted: So scary... lol... Position still open....

 

So scary... lol... Position still open....

 

Citi 01 March 2011 Cosco Corporation Alert 1) the company is at a critical...  hope  It is moving up

 

According to Upstream article dated 28 Feb, Seadrill has

finalized and awarded a newbuild contract worth over

US$150m to Cosco Corp. If come true, this will mark the first

2011 offshore contract for Cosco. Our analyst has assumed

new orders worth US$2bn for offshore and US$500m for

commercial this year. Maintain Buy, TP: S$3.16

DBS Group Research . Equity

 

2.02

ozone2002      ( Date: 01-Mar-2011 09:23) Posted: oversold.. won $225 contract from seadrill.. vested 1.99..resistance broken 1.98

 

My feeling tell me to short it... lol...

 

r u sure??

Isolator      ( Date: 01-Mar-2011 11:03) Posted: I have shorted at $2...

 

I have shorted at $2...

 

oversold..

won $225 contract from seadrill..

vested 1.99..resistance broken 1.98

 

Did you enter then?

Hulumas      ( Date: 27-Feb-2011 14:13) Posted: Further buying opportunity for us then! wisann      ( Date: 25-Feb-2011 14:46) Posted: weird, other stocks are climbing up while Cosco and Yangzijiang are dropping

 

Further buying opportunity for us then!

wisann      ( Date: 25-Feb-2011 14:46) Posted: weird, other stocks are climbing up while Cosco and Yangzijiang are dropping

 

On Friday, Cosco re-test the support at $1.90 and closed at $1.97 with HIGH volume of 25.22 million shares traded.

A white candle stick with long lower shadow similar to “Hammer” indicates that the support at $1.90 hold firm as bulls buy up at this level.

Both RSI & MACD are bearish as RSI trend downwards sharply.

Important Resistance of Cosco: $2

Immediate Support of Cosco: $1.90

Currently prices are resisted by 100 days MA

Although prices managed to rebound off the support at.................READ MORE

 

weird, other stocks are climbing up while Cosco and Yangzijiang are dropping 

 

For investment purpose, best is to buy around 1.68...