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Just sharing with my followers.
I shorted StraitsAsia yesterday.
I believe it's moved into the downtrend now and could fall further.
This is a good time to Short StraitsAsia.
However, you must also set a 5% stop loss price from whatever entry you make.
Good luck.
Japan recovery shall kick in 2nd half of the year. Theres gonna be a huge demand and supply gap soon.
As long as you are not greedy..... Almost everyday, you can short and take profit.....
Straits Asia: DMG downgrades to Neutral from Buy with, TP $3.08, Note that co. trades at at 10% premium to peer average with all good news priced in, namely Sebuku’s Northern Leases permits have been issued and higher coal prices averaging US$125/tonne YTD. Downgrade due to lack of visible catalysts for further share price upside and believe investors should await a better entry level.
bearish engulfing candle
macd cross down signal line
technical suggests short term retracement
major trend still up
macd cross down signal line
technical suggests short term retracement
major trend still up
Seem to be more sellers than buyers now. Unless it recovers soon, think big buyers have left it, they bought enough and now stop buying. SAR priceaction dragging too long already. If it cannot rebound up in next few days, then maybe it has lost buying interest, and will get dragged down with rest of STI, which is being dragged down by US. I thought SAR could go up higher, but US market going down so fast is dragging down all stocks, and maybe the funds supporting SAR have decided to leave it alone for the moment, and only buy at lower levels. If they won't support at this level, then SAR will likely go lower. SAR is a good stock and I don't mind buying it back again, but looks like we can buy back at lower levels. See the next few days will confirm whether downtrend or not.
Going down....
oh.. really !
no wonder i got many candies $$ from this ship..
AJ !
niuyear ( Date: 08-Jun-2011 11:33) Posted:
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Yes... cheong.... so can short again... lol
This stock code is AJ1
Anderson JC, cheong arhhhhhhhhhhhh.................hahaha!
Fund is exiting....
u are the most admired one here !
Isolator ( Date: 06-Jun-2011 14:38) Posted:
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| Company update - Straits Asia Resources Limited - Growth priced in | |
| We adopt caution on SAR following its recent sharp price appreciation, which in our view has not been supported by significant fundamental improvements. SAR has climbed to a 52-week high despite a 15% retreat in the benchmark Newcastle Coal price from its January highs. It now trades at 12.5x CY12 P/E, above its peers' 10.2x average. We resume coverage with new earnings forecasts, an Underperform rating and DDM-derived target price of S$3.29 (discount rate 9.8%), expecting de-rating catalysts from lower-than-expected ASPs or delays in production ramp-up. |
by CIMB
:( Yangzijiang still posted increased profit but stock price already broke down. I bet SAR and Genting might breakdown soon.... The market is in a chaos
Short and profit.... what say u? too bad small position.. but still profit...
eplepl ( Date: 06-Jun-2011 10:14) Posted:
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cheong arhhhhhhhhhhhhh
21 confirmed dead in China mine floods: Xinhua
wow, isolator what say u ?
Isolator ( Date: 03-Jun-2011 14:43) Posted:
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Can short any price now as long as you can hold the position...
can short @ 3.25 too !
Isolator ( Date: 02-Jun-2011 23:19) Posted:
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