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Frankly, they have been talking and talking venture as a more than 10 dollar stock for a long long time.
Since they loss a place in STI years back, I have seldom seen them in the double digits.
I would suggest you do not rely on the TP offered by these pple.
And tech stock are tech stock.
Take care.
catalyst ( Date: 30-Jun-2011 23:07) Posted:
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Bloodbath here.
Luckily my holdings here are from CPF funds. Collected dividend twice before.
Help offset the pain a little.
Need a strong positive candlestick today to confirm the rebound for a very short term trade.
As for long term trade, careful, the long term trend chart is still going down. This is in line with Venture shrink revenue growth for the past quarters including the coming one announcement. Basically, a company with reduced growth and lots of cash(fortunately it pays dividends) but do not know how to use the cash to grow the company.
Inverted hammer after a dramatic run downhill.
Will rebound convincingly tomorrow hopefully.
Suffered enough..
Kim Eng Report
http://kfc1973-stock.blogspot.com/2011/07/venture-attractive-dividends-make-up.html
DBSV Report
http://kfc1973-stock.blogspot.com/2011/07/venture-growth-easing-dbsv.html
OCBC Investment Research in a June 27 research report says: " From our recent update with VMS, we gathered from management that its customers are still somewhat cautious in terms of their near-term outlook, citing the debt situation in Europe, the anemic economic recovery in the US and also mounting inflation rates in Asia.
" We believe that some customers may also have been affected by the twin disasters in Japan which disrupted the global electronics supply chain. However, management added that the overall sentiment is not overly negative and many of its customers are still looking to ramp up their programs in 2H11.
" We see the need to pare our forecasts for FY11, shading our revenue estimate lower by 3.1% and earnings by 6.3%. Our fair value also drops from $12.10 to $10.59, now based on 14x FY11F EPS (versus 15x previously) to reflect the more muted market sentiment. MAINTAIN BUY."
" We believe that some customers may also have been affected by the twin disasters in Japan which disrupted the global electronics supply chain. However, management added that the overall sentiment is not overly negative and many of its customers are still looking to ramp up their programs in 2H11.
" We see the need to pare our forecasts for FY11, shading our revenue estimate lower by 3.1% and earnings by 6.3%. Our fair value also drops from $12.10 to $10.59, now based on 14x FY11F EPS (versus 15x previously) to reflect the more muted market sentiment. MAINTAIN BUY."
Our pivot point stands at 8.77.
Our preference: the downside prevails as long as 8.77 is resistance.
Alternative scenario: above 8.77, look for 9.15 and 9.37.
Comment: the RSI is trading below 30. This could mean that either the stock isin a lasting downtrend or just oversold and that therefore a rebound couldshape (look for bullish divergence in this case). The MACD is below its signalline and negative. The configuration is negative.
Moreover, the stock istrading under both its 20 and 50 day MA (standing respectively at 8.77 and9.13).
Finally, Venture Corp has penetrated its lower daily Bollinger band(8.43). Venture Corp is currently trading near its 52 week low at 8.34 reachedon 17/06/11.
Supports and resistances: 9.15 *8.77 **8.62 8.38 last 7.94 7.71 **7.49 *
good, this counter is slowly recovering
Careful. It's already going down before the euro market opens. Late afternoon today or tomorrow will be a better time to accumulate for those who are positive on Venture. Good luck and short term - stay cautious.
nice recovery... hope the us & euro market do not falter tonight
Weak US$ and the threat of US bond default (I think it is just politic play, posturing) will affect sentiments in the short term.
LOL, gone astray today tombalik with STI too.
Bought this price ytd 8.65 before it went down the slippery slope. Thought to pick up some today if it goes down to below 8.5 but it bounce back. So ya wait no hurry ...
agent_skali ( Date: 20-May-2011 12:29) Posted:
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kim eng today maintained a buy call with target price @ $11.60
If STI goes up, this goes down. Tombalik one.
cserchung ( Date: 20-May-2011 12:12) Posted:
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Cautious. There is still a lot of weakness in this counter.
Selling will begin in the afternoon. It will go down further if Europe market open down this afternoon.
Take care.
woah...looks yummy soon. haha.
no need to see... this counter has just recovered from diarrhea and it's time for rebound!
agent_skali ( Date: 19-May-2011 18:14) Posted:
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drop enough already!
My chart reading skill not very good, but I'm guessing 8.3x will be a good entry point. Will see....
am considering of selling of my hi-p to invest more on this counter