
Bon3260,
Let me quote prophet's post in another thread:
Prophet Member |
Posted: 09-Oct-2009 10:22 Contact Prophet * Quote this Post! |
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OKay lets be realistic now . AFter a week of rally . Friday is always the going to be profit taking of those weekly investor . The following days wont be strong like intial . It will be choppy . Fighting between bulls n bears . With investor waiting for other indication to re-enter the market . IF u listen to me and buy On Monday . U r Safe And u have a good gap By now . BUT rem if u re enter the market now buying more , it might be more risky already . Coz the value u buy at this Pt is no longer the Lowest . What i suggest to you if u wan to re-enter . Is Buy around 30-40 % of what u bought on from the first time u bought . So if there is any downside u wont be hurt so much . Dont be greedy and buy more than what u have bought in the first place . LIke i mention . The market will be choppy . Any downside may hurt u if u do so . |
Bon3260 ( Date: 09-Oct-2009 13:39) Posted:
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Wah Lau! 0.74/0.75 hvn't reached yet, oredi dropped 0.71/0.715 liao...
Same like Midas... I guess Midas'll last 0.87, worst 0.86.
Hope nxt wk Ausgroup & Midas'll b better... ('',)
Bon3260 ( Date: 08-Oct-2009 17:23) Posted:
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Hi pharoah88,
I m not so keen on genting, to me it is a form of internet casino gambling n I m not comfortable with its chart pattern (looks like apex of a flame, gives me a phobia of being burnt, I rather be safe than sorry), of course it may shoot up but likewise, on any bad news, it may also plummet, it is anybody's guess, the higher it goes, the bigger the bubble waiting to be burst.
pharoah88 ( Date: 09-Oct-2009 12:57) Posted:
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Hi pharoah88,
U may take a look at chartist2009 n my chart posting fyi n exchange pointers.
pharoah88 ( Date: 09-Oct-2009 10:14) Posted:
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AusGroup has been Charting Top Volume recently.
Remember that SPC acquisition was announced over the weekend.
May be the GORGON Tender result will be announced over this weekend.
If the Today's trading pattern repeats itself this afternoon, another 3 cents GAP UP in the last hour.
The QUEUE TRACK Trading Pattern shows a Conspiracy Trend to depress prices and accumulate shares at weakest bottom.
Today's trading repeats similiar pattern as what had happened yesterday.
Any news on the GORGON TENDER RESULTS!?
What is the TA reading now?
With OCBC and CIMB coverage Buy with TP:$1.20 and $1.08 respectively, and the like to secure the gorgon project,
it will likely to cross $0.80 soon moving toward $1 as BB slowly accumulating.
Do vest and good luck:
usgroup: Outperform and target price of S$1.08 (CIMB)
We initiate coverage on AusGroup with a target price of S$1.08, based on 13x CY11 P/E, in line with its historical average since listing. We see share-price catalysts from order wins from a series of LNG and mineral projects in Australia.
Highlights:
Purer exposure to Australian LNG sector; potential A$200bn capex in next decade. Capex for the Gorgon LNG project in Western Australia has been projected at A$43bn. Tendering for various contracts is underway and we believe AusGroup can secure an initial A$125m contract in FY10. Among its SGX-listed peers with exposure to Australia, AusGroup stands to benefit the most from an expansion of Australia’s LNG sector thanks to its wider ambit of services, including the fabrication of wellhead platforms and the construction of process modules. Crucially, with the bulk of its operations and skilled labour in Australia, it has an edge over its peers.
Order book to grow 25% by Jun 2010. AusGroup is bidding for A$2bn worth of orders in LNG and mineral resources over the next 12 months. We estimate its order book could grow by 25% to A$500m by Jun 2010 from A$400m currently.
Trading below historical valuations. AusGroup is trading at a market cap to order book of 0.74x, a discount to its 3-year average of 1.34x. On a forward P/E basis, it is trading at 9x for CY11, below its historical 13x average. We see a buying opportunity.
Those tat took too early profits without letting pofits run with trailing stops, will likely regret it if it continues to run-up.
Just my advice (but decision yours, dyodd n BOSAYOR), do not to be too eager-beaver to take short profits and remember the 3rd golden mantra:
3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if later it goes up bcos if dun cut, wat if it continues to go down, preserving ammunition to fight another day is the key. We can always re-enter if there is another buy sign candles, even if buying at a higher price
Hi chartist2009,
Btw, if u are keen to learn more about TA, I had created 3 threads dedicated to newbies under "General", "Trading Techniques":
1. "Learning TA" - websites where u can learn TA for free (but of course, TA is not infallible, thus need to set stop-loss)
2. "Some recommended good Trading and TA books" - of course u can also buy TA books. Read as many TA books and money management books, it will definitely stand u in good stead.
3. "Advices to newbies" particular the 3 golden mantras (which I formulated, distilled n condensed based on all my past knowledge n read-ups).
richtan ( Date: 08-Oct-2009 23:52) Posted:
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Hi chartist2009,
Sorry as I dun get wat u mean by "what method/ name of TA you using for this post"
Hope my reply answer your ?
The long term chart below is "cup n handle", besides this, I use a wide variety of tools, eg candlesticks pattern, candlesticks continuation pattern and reversal pattern, triangles/flags/pennants breakout pattern, support/resistance line, fibo retracement n the various supporting lagging indicators.
chartist2009 ( Date: 08-Oct-2009 23:18) Posted:
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Hi richtan,
Glad to see ur chart sharing. May i know what method/ name of TA you using for this post? I would like to learn more method to enhance my TA. Thanks in advance for enlighten me.
richtan ( Date: 08-Oct-2009 22:59) Posted:
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Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

Below is my chart analysis for sharing and exchange pointers.
My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.
If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start making unconstructive comments and plse do not be so childish or lunatic as to abuse the rating system by intentionally rating it as "bad post", this is not cursing but Buddhism beliefs tat intentional bad deeds will accumulate for yourself and possibly your next generation, "bad" karma for your "bad" deeds.
If u think it is a bad post, then be constructive and kindly post your TA for sharing. This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

Hi chartist2009,
I m glad to see your chart sharing, had been waiting very long for someone to share their chart analysis and exchange pointers.
I will be posting my chart analysis after this post for sharing n exchange pointers.
chartist2009 ( Date: 08-Oct-2009 22:47) Posted:
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MACD,RSI,stochastic,A/D line all trending up..
this baby is on the up trend..
very bullish signal
Hi All ~ !
The AusGroup is start taking off to fly! After break out from ascending triangle, the counter retreats back to support line, to provide opportunity for ppl who lost the chance to buy before it break out from ascending triangle. Who lost the second chance to buy up at $0.645 should not blame anyone. lol..
The stochastic is already back from oversold region and keep moving up. The Chaikin Oscillator is getting closes to 0 level. Its bull signal coming soon...

I m equally impressed by the 2 big big balloons, looks so seductive.
Richman ( Date: 07-Oct-2009 11:48) Posted:
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