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history may not repeat itself but its definitely going to be a good catch if it follows the aftermath of lehman brother crash.
Sgshares ( Date: 13-Aug-2011 17:45) Posted:
Many people like this counter Yongnam too, some say defensive stock, good prospect, etc ....during Lehman Brother crash....the price dropped to $0.08 only. What's now? Up 250% since then. If you are holding to good fundamental counters, your desired price will be back again... dont worry too much
Sgshares ( Date: 13-Aug-2011 17:41) Posted:
Now
price is somewhere close to Lehman Brother's crash, you may want to hold if cutting loss is of no meaning to you now and able holding power for the next 1 year or so, price will be much better than now for sure.
History Movement:
31 Oct 2008 - Closed $0.315 (Lehman Brother's Crash)
31 Oct 2009 - Closed $0.825 (Up 162% From Crash, 1 Yr Later)
16 April 2010 - Closed $1.12 (Up 255% From Crash, 1.5 Yrs Later)
29 Oct 2010 - Closed $0.98
Recent OCBC 12 Mths TP @ $0.88
As for now, due to market sentiment, almost all counters are losing $, not just this.
Sentiment almost the same during Lehman Brother's crash. Once over, all counters' price will be up.
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Many people like this counter Yongnam too, some say defensive stock, good prospect, etc ....during Lehman Brother crash....the price dropped to $0.08 only. What's now? Up 250% since then. If you are holding to good fundamental counters, your desired price will be back again... dont worry too much
Sgshares ( Date: 13-Aug-2011 17:41) Posted:
Now
price is somewhere close to Lehman Brother's crash, you may want to hold if cutting loss is of no meaning to you now and able holding power for the next 1 year or so, price will be much better than now for sure.
History Movement:
31 Oct 2008 - Closed $0.315 (Lehman Brother's Crash)
31 Oct 2009 - Closed $0.825 (Up 162% From Crash, 1 Yr Later)
16 April 2010 - Closed $1.12 (Up 255% From Crash, 1.5 Yrs Later)
29 Oct 2010 - Closed $0.98
Recent OCBC 12 Mths TP @ $0.88
As for now, due to market sentiment, almost all counters are losing $, not just this.
Sentiment almost the same during Lehman Brother's crash. Once over, all counters' price will be up.
|
|
Now
price is somewhere close to Lehman Brother's crash, you may want to hold if cutting loss is of no meaning to you now and able holding power for the next 1 year or so, price will be much better than now for sure.
History Movement:
31 Oct 2008 - Closed $0.315 (Lehman Brother's Crash)
31 Oct 2009 - Closed $0.825 (Up 162% From Crash, 1 Yr Later)
16 April 2010 - Closed $1.12 (Up 255% From Crash, 1.5 Yrs Later)
29 Oct 2010 - Closed $0.98
Recent OCBC 12 Mths TP @ $0.88
As for now, due to market sentiment, almost all counters are losing $, not just this.
Sentiment almost the same during Lehman Brother's crash. Once over, all counters' price will be up.
Congratulations to
Rotiboy...
:) You have acquired valuable and lasting insight in that...
And this is exteremely precious for your trading career.
I am happy you have taken the trouble to make such observations.
I have myself even observed people singing the fundamentals tune
from the very high top all the way down to the very bottom.
By singing the fundamentals tune. I mean they kept on
averaging down heavily right from the top
till the very bottom,
of course all the while praising the fundamentals...
It is very sad and pitiful (when at the bottom), but true...
rotijai ( Date: 13-Aug-2011 14:42) Posted:
i really respect those who still dare to long this counter..
when it first dropped from 70 cents to 60 cents.. the first group of ppl, even master isolator said it will rebound from 60+.. then when it broke 63.. master isolator cut loss and it dipped below 60.. the first group of ppl also disappeared..
when it's at 55+.. 2nd group of ppl cheered for this stock, saying tat the fundamental is great.. railway is still bullish in china... but when it dropped to 50+, the 2nd group of ppl disappeared too..
when it's at 45+.. 3rd group of ppl cheered again.. saying tat it's cheap.. a great bargain.. 100% upwards profit to $1..etc when it dropped below 40 cents this week.. this group's gone also
now we are at 40+.. 4th group of ppl coming again.. will it really rebound from here?
iPunter ( Date: 13-Aug-2011 12:54) Posted:
Hahaha...
You shoul d add this ==>  ...lol...
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I certainly hope it will gapped up on Monday.
TP = either gap window (0.490) or gap fill (0.525) depending on the global markets movement.
Good Luck :p
EdwardLiu ( Date: 13-Aug-2011 13:01) Posted:
No chance. Midas would gap up on opening.
Resistance at 0.42 would be broken. Good luck to those who long yesterday.
JustinQuek ( Date: 13-Aug-2011 12:37) Posted:
| Oh i am so going to buy dollar average at 0.40 cents on monday.Hopefully i have the chance. |
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i really respect those who still dare to long this counter..
when it first dropped from 70 cents to 60 cents.. the first group of ppl, even master isolator said it will rebound from 60+.. then when it broke 63.. master isolator cut loss and it dipped below 60.. the first group of ppl also disappeared..
when it's at 55+.. 2nd group of ppl cheered for this stock, saying tat the fundamental is great.. railway is still bullish in china... but when it dropped to 50+, the 2nd group of ppl disappeared too..
when it's at 45+.. 3rd group of ppl cheered again.. saying tat it's cheap.. a great bargain.. 100% upwards profit to $1..etc when it dropped below 40 cents this week.. this group's gone also
now we are at 40+.. 4th group of ppl coming again.. will it really rebound from here?
iPunter ( Date: 13-Aug-2011 12:54) Posted:
Hahaha...
You shoul d add this ==> ...lol...
JustinQuek ( Date: 13-Aug-2011 12:37) Posted:
| Oh i am so going to buy dollar average at 0.40 cents on monday.Hopefully i have the chance. |
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No chance. Midas would gap up on opening.
Resistance at 0.42 would be broken. Good luck to those who long yesterday.
JustinQuek ( Date: 13-Aug-2011 12:37) Posted:
| Oh i am so going to buy dollar average at 0.40 cents on monday.Hopefully i have the chance. |
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Hahaha...
You shoul d add this ==>
...lol...
JustinQuek ( Date: 13-Aug-2011 12:37) Posted:
| Oh i am so going to buy dollar average at 0.40 cents on monday.Hopefully i have the chance. |
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Oh i am so going to buy dollar average at 0.40 cents on monday.Hopefully i have the chance.
I think you will be able to see profit soon judging from the rises in Dow and Europe side.NAV = S$0.46. Cash of Rmb887M(about S$0.14). I think is good time to consider to accumulate some!
xing78 ( Date: 12-Aug-2011 22:13) Posted:
i certainly hope so.
just long 50 lots at 41cents today.
good luck :p
Sgshares ( Date: 12-Aug-2011 21:43) Posted:
| Business Increase... Borrowing Definately Will Increase... That's Normal. If not credible, bank will not lend out $$$.
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Volume so huge.. yet price only increase by so little.. Smells of danger =P
To borrow a phrase from bonbon, who is selling and who is buying? =)
i certainly hope so.
just long 50 lots at 41cents today.
good luck :p
Sgshares ( Date: 12-Aug-2011 21:43) Posted:
Business Increase... Borrowing Definately Will Increase... That's Normal. If not credible, bank will not lend out $$$.
xing78 ( Date: 12-Aug-2011 21:05) Posted:
| 1 thing i noticed is the borrowing increase as well.
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Business Increase... Borrowing Definately Will Increase... That's Normal. If not credible, bank will not lend out $$$.
xing78 ( Date: 12-Aug-2011 21:05) Posted:
| 1 thing i noticed is the borrowing increase as well.
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1 thing i noticed is the borrowing increase as well.
Thanks for this. Interesting to also note that the majority of their present projects are all metro lines, which means MRT's. Not high speed rail lines. They do have some high speed rail jobs but do not that this is substantial part of their overall business. In any case, this high speed rail suspension is only temporary. There will be some adjustments and additional safety measures but it will restart before you know it. The bombed out price is clearly a buying opportunity.
NOT FOR SHORT TERM TRADES THOUGH.
Sgshares ( Date: 12-Aug-2011 20:26) Posted:
| 2Q2011 Profit Up 15..3% To RMB 63 Million. Revenue Up 35.1% To RMB 303.1 Millio. Propose Interim Dividend of 0.5 Singapore Cents Per Ordinary Share... Good Job!
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Good set of results. Well done Midas!
Sgshares ( Date: 12-Aug-2011 20:26) Posted:
| 2Q2011 Profit Up 15..3% To RMB 63 Million. Revenue Up 35.1% To RMB 303.1 Millio. Propose Interim Dividend of 0.5 Singapore Cents Per Ordinary Share... Good Job!
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2Q2011 Profit Up 15..3% To RMB 63 Million. Revenue Up 35.1% To RMB 303.1 Millio. Propose Interim Dividend of 0.5 Singapore Cents Per Ordinary Share... Good Job!
what is the result? Good or bad?
Jimmytai ( Date: 12-Aug-2011 19:02) Posted:
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Results out around 730pm. |
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Results out around 730pm.
