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Well, just dunt be greedy sometimes and you can make some quick bucks. Even if you lose, take your medicine and move on, and wont get a major burn in the arse. Yah, dont look good on this counter. Well, risk involved both ways, but good method for hit and run punters who likes to earn fast $$...
Agreed and this is a very practical strategy ! Well done and well say.Don't look good on this counter !
1.75, you must be kidding me :-P
As I said, buy below $1 and take profit around 1.04, cut loss at 0.92, should be a safe zone to play around today and make some quick bucks. By end of day, if it didnt reach 1.04, just make sure you dump it off by 5pm.
Not easy la ! But if it move up, just take profit, not very positive to reached that kind of target $. Good Luck. Read the report I just send below.
JP Morgan issue an overweight call on this counter, revised target price is USD $1.75.
I used to hold this counter, managed to get out it after the unpredictable behaviour.
From my observation, the revenue is very unpredictable, the US increase viewer base may not bring in additional revenue.
If you have guts, you can buy and hope that the price will reach the target price in the months to come.
I am not bias against this counter, but just be careful ! Just received this report, share with the rest. Take care.
Gems TV Holdings (GEMS SP) Needs more polishing
S$1.27 HOLD (Downgrade) Price Target : S$ 1.43 (Prev S$ 2.60)
3Q07 results were well below expectations. Earnings fell by 88% y-o-y to
US$1.3m on revenue decline of 12% y-o-y to US$39.1m. Adjusting for
additional days of revenue carried over into 3Q06, sales growth would have
been 16% y-o-y. Nonetheless, this was still disappointing as we were
expecting double-digit growth in the UK, which actually saw sales decline
due to increased competition. This was helped by first-time recognition of
revenue in the U.S. Gross margins dipped slightly due to increased
outsourcing to meet demand but the Group was impacted by significantly
higher operating costs as it expanded in the US, Japan and to a lesser
extent, China. Selling expenses rose by 142% y-o-y while administrative
expenses tripled. This reflects the start-up costs for the Group?s overseas
expansion, while revenues had to be deferred due to the Group?s return
policy. For 9M07, excluding overseas expansion costs, profit would have
been flat at US$21m compared to a reported net overall profit of US$8.4m.
as I said, need have cut loss line, at least know thats how much you wanna lose...and how much you wanna earn...just a piece of advise to those who wanna bottom fish and make some quick buck or lose some...FYI, not vested myself...
erm, bottom fishing is dangerous, you could be catching a falling knife, especially when technical indicators look so bad. I suggest that you wait till there is an upside support before entering into this.
based on "buy on weakness" rule, not really all on the bad side, if really wanna punt on this stock, can try buy below $1 today. Cut loss at about 0.92, collect profit at 1.04, or maybe more....but must monitor closely...lost touch and you might get burned :-P
crazy volumes. being both shorted and swung. note 2,000 lots sell down ~11:42.
insti sold since the last time i posted here mid apr.
act, like knightrider said; get out. risk is perhaps not worth the what, 5-10c upside that you might get.
extreme caution for this one.
Use your brain, will your mother or girlfriend ON TV and order jewellery or go down to goldsmith shop to buy ? Plus, in US, after playing for 30 days, still can refund one ! Get out from the stock. Good Luck.
tks knightrider for your post!
Gems TV Holdings Limited (GEMS SP / GEMS.SI, OUTPERFORM - Under review, S$1.27)
3QFY07 results - Disappointing results
by Kasem Prunratanamala
3QFY07 came in as a big disappointment, dropping 88% yoy to US$1.3m from US$10.7m (vs. our estimated US$12.5m). The key responsible factors were: (1) drop in UK sales on the back of rising competition and less 19 days revenue recognition due to return policy and rises in SG&A from both UK and US operations. 3QFY07 total sales of goods fell 12% yoy to US$39.1m and gross profit declined by 16% yoy to US$20.2m. The 9-M net profit was US$8.4m, accounting for merely 16.5% of our full-year forecast. On the back of disappointing results, we expect the share price to be under selling pressure and the stock to be de-rated. Put the stock for Under Review and will reinitiate the stock after the company visit on 22 May.
it really shows business model not sustainable; so competitive...
What happen really? Why is it so bad now.. :(
There is really something fishy...
Call for SGX to investigate leh, bu yao hai ren su qian........
Retail's trader, your hard earn money please do not vest in this counter......somethings go wrong somewhere......
highly volatile, not for the faint hearted!
Its rising.. :)
Wah.. big selling.. it might stablise @ 0.95~1.00. Don't think it will go down further...
| 11:49:45 | 0.995 | 54,000 | Sell Down |
| 11:49:44 | 0.995 | 196,000 | Sell Down |
| 11:49:40 | 1.000 | 714,000 | Sell Down |
| 11:49:32 | 1.010 | 87,000 | Sell Down |
| 11:49:32 | 1.010 | 10,000 | Sell Down |
| 11:49:31 | 1.010 | 5,000 | Sell Down |
| 11:49:30 | 1.010 | 200,000 | Sell Down |
| 11:49:23 | 1.020 | 15,000 |
No need before lunch, now below $1 liao.......shorting like siao.....do not buy now......