Mercator Lines   

Mercator Lines

the difference is the number of ship they owned and the number of manpower behind the company. sell down when the stablisation period is over, trade with care.

 

what's the difference between NOL, and Mercator? Is their business nature the same?

This is the first time seeing company doing price stabilization... (sound more professional than shares buy-back, ha ha)

it's quite impressive that they start to stabilize the price at the first day at price of 0.76 somemore! interesting...

based on the lowest range of price purchased , the amount of money they pump at least SGD 15 millions, average, should have SGD 25 millions.. with sell down continue yesterday noon before closing, probably all the contra players need to clear the position, and another price stabilization done 1000 lots at 0.62 by them? you bet..

next question, which counter you prefer? Celestrial? Jiutian C or Mercator? heee.. I know all are different eggs, but which egg u prefer?

12:35:03	0.62	1,000,000	X
12:29:15	0.6	2,000	Sell Down
12:28:08	0.6	20,000	Sell Down
12:27:41	0.6	60,000	Sell Down
12:26:54	0.6	20,000	Sell Down
12:26:47	0.6	2,000	Sell Down
12:26:29	0.6	5,000	Sell Down
12:26:21	0.6	50,000	Sell Down
12:24:20	0.6	20,000	Sell Down
12:23:34	0.6	230,000	Sell Down

	lot size	min	At least	Price range
24-Dec	1450000	$   0.610	$     884,500.00	0.61-0.625
21-Dec	500000	$   0.630	$     315,000.00	0.63-0.65
19-Dec	2195000	$   0.645	$  1,415,775.00	0.645-0.675
18-Dec	2500000	$   0.620	$  1,550,000.00	0.62-0.67
17-Dec	2794000	$   0.590	$  1,648,460.00	0.59-0.65
14-Dec	16000000	$   0.600	$  9,600,000.00	0.60-0.76
	25439000		$15,413,735.00

 

 

SGX announced that the IPO manager Descht..bank is buying in Mercator shares these few days to stablilise its price...buying range is from $0.60 - $0.76...yiewkhong...I do agreed that this is a good share to buy for mid - long terms....

 

Mercator Lines should be a good investment for long term.

 

...recommended dry bulk shipping stocks : STX-PO and CourageMar.

 

I don't think this stock will be another China New Town.....need to wait good news to be announced by the company or hope some financial institutions will do a writeup to boost the stock. It will be announcing its results in end of Jan 08.  

 

like moz ipo.....sigh

 

well well well, STI ended up only -12 points today, but this ship sinking low..

BUT... look at India sensex, still breaking history high these days... telling you India is doing fantastic just like SINGAPORE ! so, this ship is doing India shipping business, you ask yourself if they will do good in this coming year, sure good one... so, let them short kau kau la.. how low it can go? it can rebound anything soon, like mermaid, so.. let's bottom fishing this counter.. upturn possibility is high !

 

So much below IPO price...guess it's a good time to accumulate some...hope it will cheong soon like most shipping companies..below its fair...since IPO target is $0.76-$0.94....Waiting for some good news to push up the price....I know a lot people ganna bleeding from this IPO. 21.05% now below IPO...dun know how the underwriter gauge the price for it. But so far the company had good record of profits. Long time holding.

 

ok..i admit it..it is my fault for SHORTING it too low :(((( heee...

 

1st day perfrom like that.....cannot think what going to happen on monday open......

 

jackjames.. could tat selldown b playin SHORT? 

 

Haha, some people jumped ship to dig gold , throw low ,can buy even lower, they can laugh louder than us,we play up,they play down n win big $$$$

 

Another happy-hour tonite... fill up with dom perignon to celebrate.

Next week, will be celebrating another new debutante. Let's watch.

 

 

wrong timing of IPO, that's all I can say..

 

When the bell went ding-dong at 9am with a transactional price of 0.76, smart investors like the one pictured here would have jumped ship.



The less wise always refuse to take small initial loss until the pain become so unbearable.... human nature.

 

15:03:26

0.650

900,000

Sell Down

another big lots.. so, what does it mean? It means, this fellow throw at loss? they got it at 0.76 price as well? so, (0.76 - 0.65) x 900 lots = 99K loss,  got this type of investor meh?

 

Institution refused to support their subscription due to anticipated sentiment, so someone has to do the dirty ways for them to buy in below ipo price, will hv to move up soon to enjoy their christmas shipping celebration ...shares likely to charge days b4 x'mas .....proven track record in Dec !!

 

Buy on this low price 0.65-0.66.... the underwriter will support it if not they will be in trouble b4 markt closing

 

Ohh..I pity those who subscribe at a higher price....ganna smoked out. Hope it will rebound back later...shortist...stop shorting............ Hope that it will moved back to at least $0.70 to regain confidence.