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Nov 21, 2008 All-time Low = 64c. so scary.
Very scary based on charts.
Sakari has been falling for twelve weeks continuosly . It not only broke its long term neckline at $1.80 easily , but also broke its downtrend channel at $1,25 today . Chart patterns are all very bad , indicators are also dun look good . Downside target could be at 40 cents if measure from its neckline .
Ya I remember
" I have been talking abt shorting this bugger when it was $2 plus with TP 1.8. This has blown past my TP, and makes me scare to short since it came down so fast and furious. "
Down fast, Up also will be fast. Hang on tight.
Most stocks have still not dropped as badly as this one...
If this is the market 'leader' downwards, there's still a lot more for the rest to fall...
Anyone still holding shorts since last week will be laughing to the banks. Or many will have already cash out their shorts since yesterday 12c drop. Today another big peng sai!!!
iPunter ( Date: 05-Jun-2012 17:16) Posted:
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some factual information. a Sakari director bought 300,000 shares at an average price of $2.37 back in Sep 2011, based on a SGX filing. Now $1.16. 50% sale. GSS is here.
somebody give this bugger some po chai pills. get well soon.
substantial shareholder BNY Mellon nominee selling down. once they go under the 5% reporting radar, they are free to do what they want. last reported on 15 May, they have 4.97% stake, about 56 million. The selling should stop soon after they liquidate this holding.
I have been talking abt shorting this bugger when it was $2 plus with TP 1.8. This has blown past my TP, and makes me scare to short since it came down so fast and furious.
wangerism ( Date: 05-Jun-2012 17:08) Posted:
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Today's drop is really a whopping " lao sai " drop like sheet... lol...
how come i dun see anybody boasting on shorting sakari???
Isn't this old news?
Indonesia plans to control coal exports. I think that's the reason for the drop.
gd theory but...
genting^2 ( Date: 05-Jun-2012 09:17) Posted:
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there r few providers in sg tat allow shorting.
some providers got more counters some got less, therefore when we open CFD account we always check which providers got the most comprehensive cover of counters in various sectors.
market markers got the most scripts n DMA lesser. but we dont want to deal with MM so left with DMA providers. therefore a mature shortie always have more then 2 providers to effectively profit from a bear mkt.
there r few situation where they isnt scripts.
do u know how poem, igmarkets, oanda, got their scripts?
genting^2 ( Date: 05-Jun-2012 14:57) Posted:
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Not true. STXOSV for example has no scrips.
check poems, igmarkets, all no.
oic
this method wont work here.
alot of big institutes pledge their holding to earn income so there is plenty of script for short unless in a bloody bearish mkt then maybe certain counters dont have script.
genting^2 ( Date: 05-Jun-2012 09:30) Posted:
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Sakari is among the favorites of shorties.....it will be short down on every bad days n creep up little on good days...holder of sakari to let go n cut lost. becos coal buz will be impacted alot in near future