
Ouch, 0.84... that's only 7.6% away from 0.78.....
4000 lots sell down, hmm.. 3.38 millions, another BB sell down in order to collect cheap later?
16:25:43 | 0.845 | 400,000 | Sell Down |
16:25:41 | 0.845 | 1,000 | Sell Down |
16:25:41 | 0.845 | 1,000 | Sell Down |
16:25:39 | 0.845 | 50,000 | Sell Down |
16:25:39 | 0.845 | 4,000 | Sell Down |
16:25:36 | 0.845 | 4,000,000 | Sell Down |
16:23:51 | 0.85 | 100,000 | Buy Up |
16:22:44 | 0.845 | 100,000 | Sell Down |
16:22:37 | 0.845 | 200,000 | Sell Down |
16:22:20 | 0.845 | 300,000 | Sell Down |
I wonder if S-share buying sentiment is less/not so overwhelming positive in SGX market so far. Biased sense perhaps?
AK_Francis ( Date: 30-Jun-2008 15:17) Posted:
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if the impact is owing to iron ore, then all ship building coys will be affected as well, ie Kcorp, Semcorp etc loh.
when i look at the tis thread stating "cruising with the ship... Yangzijiang...."
i feel like now it's more to "sinking with the ship... Yangzijiang...."
very sad indeed....
Huh, paper loss about 30% in this counter already. Well will wait till Sgd. 0.68 then money cost averaging again.
fivestar ( Date: 30-Jun-2008 12:28) Posted:
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Sell!!!
Yangzijiang Shipbuilding fell on concerns of tighter operating margins due to higher cost for steel, dealers said.
DBS Vickers analyst Wee Lee Chong, in a recent research report, said the 85-96% increase in Australian iron ore prices would "drive up cost structure for steel mills, and assert further pressure on newbuild prices for bulkers and containerships given the higher cost structure."
"Chinese yards have yet to feel the full impact of annual increase in prices for coking coal and iron ore year-to-date," said Wee.
The brokerage firm advised investors to avoid Chinese yards like Yangzijiang.
don't play against BBs, even 0.78 may not hold, be careful...
Am also waiting for 75 cents.
ruanlai ( Date: 30-Jun-2008 09:44) Posted:
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never mind , let's just wait it breaks 0.78 and we consider the position, huat ar !!!!
"Basic assumption of history to repeat itself" is only a small part of TA. There are much more to that assumption.
waterfalls ( Date: 30-Jun-2008 10:22) Posted:
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i see 2 transaction over 1 millions dollar each sell down at 0.855 and 0.85..
my 0.78 target to enter still possible?
Small fish cannot swim fast up and will wave down by BBs.....
TA's basic assumption is history repeats itself...how often it does, I've absolutely no idea. When the market moves, a lot of analysts will offer explanation on why it happens after it happened. Has anyone thought of prices moving randomly? It's very difficult to predict the future price...a good dose of luck is needed.
FM might push it down to 80cents to test the resistant support level.....
Once break without support, 75cents will be next target.....
Why not? BBs might intentionally sell down YZJ so low to a level you won't imagine till SBs (Small Boys) cannot take it any more and start to sell. That could be the time when the BBs pick YZJ at dirt cheap price.
jackjames ( Date: 30-Jun-2008 08:23) Posted:
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future NAV would be ~50c; at 1.5x book to price =75c derived as fair full-valued support for yzj for the year.
very interesting... but one thing i know is ... BB will not allow that to happen in whole year of 2008....
very interesting... but one thing i know is ... BB will not allow that to happen in whole year of 2008....
elfinchilde ( Date: 29-Jun-2008 18:25) Posted:
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it's possible to make money using different strategies on the market. but your stock selection has to fit the strategy as well. and it's all about personality.
many have made on fundamentals: warren buffett being one of them, just as many others have made it on technicals. so just because one system works for one man, doesn't mean it's naturally good for another.
an investor and a trader are two different things. as well, most people speculate merely on impressions; it's no different from toto or 4D, or soccer bets. So longterm, the advantage will always be to the House. that's why 95% of people will lose long term in the market. they don't even know what they are doing. it's ultimately about two things: money management and personality management.
personally, knowing the nature of the singapore market, and how controlled it is, i much prefer technicals. fundamentals come into play overall, because it is written into the charts if you know how to read them. FA is where you can read the strongest support level. what's nice is when FA and TA dovetails. but o/w, really, just by selecting your timeframe and stock well, you can't go far wrong.
STI confirm will beat the inflation, by reading the chart from left to right, it is uptrend all the way,
But the STI index component stock at 1970 and now, think is totally different,
Will YZJ remove from STI? Big ?mark
confirm bear and very bearish, any rebound will not pass $1.00
My friend and i have been in "short" position since the day it break 1.85.
Not signal to close position