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Why just today telling us, why not one week earlier while the price still at aroung Sgd. 0.80? In fact all the bad factors CLSA was quite old stories, they have happened a few months back! So the effect of bad factors should have been factored into the price already I suppose!
CheeryVGoh ( Date: 05-Aug-2008 13:27) Posted:
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aiyoh, no wonder the counter got thrash down like nobody's biz. sigh....
Yangzijiang slumped 0.065 sgd or 8.5 pct to 0.700 sgd. CLSA initiated coverage of the stock with a "sell" recommendation, calling the stock overvalued.
CLSA cited a number of negatives for the stock such as rapid increases in steel and labor costs, higher tax rates and a weak US dollar.
"I expect Yangzijiang will reach 0.490 sgd," said Tai Chee Ming, an analyst with Kim Eng Securities in Singapore.
Base on the chart it can be see that the bollinger band is tightening and volume increase which provide the possible of trend change with today prices which fall out of the bollinger band which result in the down trend continues that means that in short terms the price will still have downward pressure.
Oh no, paper loss so quick. I do not understand why the sentiment so bad for YZJ?
idesa168 ( Date: 05-Aug-2008 12:01) Posted:
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I think another chap cannot take the heat and let go 0.705....thta's another new low
A lot black eye today, I am one of them...hehehe. Be cautious....
Hulumas, you have done the right thing, I am taking action soon too on this counter.. on the queue still.. of course, 5 bids away.. kia shi a bit..
Hulumas ( Date: 05-Aug-2008 10:19) Posted:
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wow.... good buying powr... but then, need not to buy at one shot at one time gua...
Today, I surrender liao....Bought YZJ 0.735, and it dropped immediately after my entry. Went in to SPC @6.29, and it dropped immediately after I took position. Somemore, at opening bought F&N @4.36 and it dropped after I ttok position......wah liao, I must go temple today, and cleanse myself!...hehehe! The only gain I have today are my long term holding of REIT, down though but got DPU today.
Yes, I get it all. But the price seems not really stable yet. However, I have full of confidence Sgd. 0.725 should be a comfortable price to buy, perhaps afternoon will be recover back again hopefully.
Hulumas ( Date: 05-Aug-2008 09:29) Posted:
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Slow down liao.....
I think it's too risky to make such statement..."good time to load up". It could go either direction from now at low of 0.725. There is still no sign of rebound as yet. So I would rather stay side line and watch till reound is confirm before getting in...pay more then but chances of gaining is better then!
jackjames ( Date: 05-Aug-2008 09:50) Posted:
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stick your eyes to the computer screen... i suspect... this will be the August 17, 2007 repeatition...... later day will rebound strongly.. don't get fooled by the crowds... many good stock fundamental never changed.. good time to load up !!!!!!!!
idesa168 ( Date: 05-Aug-2008 09:41) Posted:
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hahaha...I think I cannot take the heat at this moment...out liao! half an hour lost 1.5 cents....$%^&*&*(
Dunno man! Seeing the selling in big lots, my legs also soft liao! Anyway, my purchase was just 10 lots, so stay sideline after the purchase and see the show lah! No point pit against the flow!
jackjames ( Date: 05-Aug-2008 09:34) Posted:
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looks a bit scary now.... all are sinking, be it good results or bad results..
i think when others are panic, we should buy now...
It looks to me a lot of retail investors were buying in to support the price while the BBs were dumping big time! Let's hope we will not be made sucker at the end of the day!...hehehe!!!
hahaha...@0.735 is cheap...still can get cheaper...lol!!! I gave up!