Sakari   

Straits Asia

Yes, Star-Trader. I totally agree with you.

This is the reason why I didn't recommend others to short Straits Asia today.

$2.18 is a key level to watch.

star-trader      ( Date: 29-Sep-2010 20:27) Posted: I am not sure about the potential of Straits Asia, but from the chart, if it can sustain above 2.18, ( notice on 13 Sept 2010, where distribution started or off-load of selling pressure till the peak point at 2.37 which can determine the price movement.. Layman term, if the buying support is shown above 2.18 in the next few days, you better cover the position. If it continue to fall below 2.18, it will be safe bet to hold on further to your short position but of course we will need to cross-check again the volumes and the candlesticks at that point of time. Star-Trader

 

Beside the reason I stated before, I also short Straits Asia on technical analysis.

Now trading at $2.23.

1. There are a strong Sell down Pressure since beginning of this week. Continuously 4 Black Candles.

2. Parabolic SAR shows that this counter turn Bearish yesterday.

3. MACD lines and Stochastic lines all crossed and moving down.

4. Although Price is close to its support level of $2.18, but MACD and Stochastic shows there are more downslide.

5. The sudden Jump on 13 Sep 2010 is totally unsupported by any news. There is no reason for Straits Asia to jump $0.11 on that day. This make me believe that this is a P&D by the BBs.

6. STI is pretty high now, I'm expecting STI to fall very soon and Straits Asia is one of the first to fall.

This is my personal analysis. You don't take it too seriously.

Good luck with your investing.

limkt009      ( Date: 29-Sep-2010 18:37) Posted: Why did you short SA today....care to share your analysis for your action? alexchia01      ( Date: 29-Sep-2010 16:14) Posted: Short Straits Asia today. The Best time to short Straits Asia was actually beginning of this week, so this is kind of late. However, I still think there are more downside to come and took a risk to short this counter. This is just my personal opinion. Don't take it too seriously. Good luck.

 

I am not sure about the potential of Straits Asia, but from the chart, if it can sustain above 2.18, ( notice on 13 Sept 2010, where distribution started or off-load of selling pressure till the peak point at 2.37 which can determine the price movement..

Layman term, if the buying support is shown above 2.18 in the next few days, you better cover the position. If it continue to fall below 2.18, it will be safe bet to hold on further to your short position but of course we will need to cross-check again the volumes and the candlesticks at that point of time.

Star-Trader

 

 

Straits Asia is an Okay company.

The main reason why I choose this counter to short is its Business.

Straits Asia Business is Coal Mining, they mine and provide Coal to Power Generators in Indonesia.

Because Coal Mining is dangerous and Coal Burning pollutes the environment, Coal Burning Power Generators are slowly replaced by alternative power source.

As time goes by, the demand for Coal would decrease. However this is a long process, so in the short-term, there is no much effect on their Business. Long-term wise, their business would decrease gradually.

Unless they change their business model, long-term investors should avoid this counter. As a short-term traders, I would play on this weakness and go short.

Just my personal opinion. Don't have to take it too seriously.

Good luck.

kyjnjn      ( Date: 29-Sep-2010 18:13) Posted: Is this not a good share? Over valued? I am vested. alexchia01      ( Date: 29-Sep-2010 16:14) Posted: Short Straits Asia today. The Best time to short Straits Asia was actually beginning of this week, so this is kind of late. However, I still think there are more downside to come and took a risk to short this counter. This is just my personal opinion. Don't take it too seriously. Good luck.

 

Why did you short SA today....care to share your analysis for your action?

alexchia01      ( Date: 29-Sep-2010 16:14) Posted: Short Straits Asia today. The Best time to short Straits Asia was actually beginning of this week, so this is kind of late. However, I still think there are more downside to come and took a risk to short this counter. This is just my personal opinion. Don't take it too seriously. Good luck.

 

Is this not a good share? Over valued? I am vested.

alexchia01      ( Date: 29-Sep-2010 16:14) Posted: Short Straits Asia today. The Best time to short Straits Asia was actually beginning of this week, so this is kind of late. However, I still think there are more downside to come and took a risk to short this counter. This is just my personal opinion. Don't take it too seriously. Good luck.

 

Short Straits Asia today.

The Best time to short Straits Asia was actually beginning of this week, so this is kind of late.

However, I still think there are more downside to come and took a risk to short this counter.

This is just my personal opinion. Don't take it too seriously.

Good luck.

 

It might be a good time to start shorting Straits Asia...

 

After few day of rest, today it start moving again, tml if is good time to enter again for mid-long trade. Setup==> Entry 2.36, exit 2.25, target 2.60 timeframe mid- long term. 2week to 6month. If you already holding some, buy 25% lesser than what you own now.

http://www.andy-yew.com/2010/09/noble-grp-again-straits-asia-longcheer.html 

 

 

property will continue the down trend....

andyew84      ( Date: 16-Sep-2010 17:23) Posted: not advisable to short an uptrend stock because probability of going up is higher than going down (mid long term view). Its normal for it to retrace some before it can go higher. Normally a good stock will not drop more than 5days, drop more than that may result in a change of trend. My view =) www.andy-yew.com

 

not advisable to short an uptrend stock because probability of going up is higher than going down (mid long term view). Its normal for it to retrace some before it can go higher. Normally a good stock will not drop more than 5days, drop more than that may result in a change of trend. My view =)

www.andy-yew.com  

 

I wonder if it is a good time to short Strait Asia..... High 2.37 and now 2.33.

 

Good stock to hold for long term, but reaching  resistance.

http://www.andy-yew.com/2010/09/straits-asia-cosco-yangzijiang.html 

 

Nomura Securites initiated BUY with T.P $2.80

victorf      ( Date: 15-Sep-2010 14:23) Posted: Strait Asia moves according to script since at price near $1.94....it is one of our few "BUY ON DIP" counter for us even when Market is in "NEURTAL MODE" (now Market is in "BUY ON DIP MODE")....at current price of $2.33-$2.34, one will be laughing to the bank.....remember Market is always Right!!! good luck :) victorf Master 04-Aug-2010 12:12      About victorf      Contact       Quote!           x 0 x 0 Alert Admin we repeat our call for Strait Asia that this is one of our "BUY ON DIP" counter even when Market is in NEUTRAL mode....good luck :)

 

we shift our call for strait asia to "NEURTAL" from "BUY ON DIP" ....good luck :)

 

Strait Asia moves according to script since at price near $1.94....it is one of our few "BUY ON DIP" counter for us even when Market is in "NEURTAL MODE" (now Market is in "BUY ON DIP MODE")....at current price of $2.33-$2.34, one will be laughing to the bank.....remember Market is always Right!!! good luck :)

victorf Master	04-Aug-2010 12:12      About victorf      Contact       Quote!
x 0 x 0 Alert Admin	we repeat our call for Strait Asia that this is one of our "BUY ON DIP" counter even when Market is in NEUTRAL mode....good luck :)

 

LEGG MASON AND n.y BANK mELLION BOUGHT A LOT..@2.00-$2.20...LIMITED DOWNSIDE..NOW $2.27...TO $2.38..$2.45..THEN MATTER OF TIME $2.70..breakout in charts..super ascending triangles

starlene      ( Date: 09-Sep-2010 18:40) Posted: Ascending triangle detected..breakout any moment..limited downside as large fund shore support at $2.02 to 2.10 starlene      ( Date: 06-Aug-2010 13:09) Posted: Yes..buy on weakness...Legg Mason bought a lot when it was $2.20 to $2.32   Warrants Highlight Straits Asia - Possible Re-rating? Macquarie is pleased to list a new call warrant over Straits Asia Resources today: Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Macquarie Research Equities (MRE) published a report on Straits Asia on 3 August 2010, reiterating their Outperform recommendation and $3.40 price target. MRE believes the stock could benefit from a re-rating upon the approval of the Sebuku boundary, new Jembayan infrastructure, potential for improvements in corporate governance, and continuous quarterly operational improvements... Catalyst 1: Sebuku boundary approval MRE highlighted that channel checks show increasing conviction over the "in-principal-approval" in September 2010, and the "final approval" in Q410. MRE thinks this should enable production to start Q111, which should be transformational in terms of increasing reserves, production, coal quality, ASP and lowering costs. Catalyst 2: Jembayan barge loader MRE feels that the Jembayan barge loader tendered to an international contractor and due to be completed in Jan 2011, could lead to capacity increasing up to 12mt (which also reduces the risk of a supply disruption). Catalyst 3: Improving governance MRE sees the potential for Straits Asia's major shareholder to increase their stake (as per their strategy to increase exposure to the coal sector) medium term. MRE feels this should lead to an improved perception of corporate governance. Catalyst 4: Improving quarterly performance MRE sees the potential for the company to improve performance consequently over the next couple of quarters due to increasing production and higher prices. Further, MRE believes that consensus downgrades have been largely reflected by key brokers. Macquarie Straits Asia Resources Warrants Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Call StraitsAMBLeCW101001 (K7IW) exercise price $2.10.* For a full list of Macquarie warrants, please log on to www.warrants.com.sg

 

commodities rule!!!

olam noble straits all chionging..

 

today up 10cents..What is driving the surge?

 

Ascending triangle detected..breakout any moment..limited downside as large fund shore support at $2.02 to 2.10

starlene      ( Date: 06-Aug-2010 13:09) Posted: Yes..buy on weakness...Legg Mason bought a lot when it was $2.20 to $2.32   Warrants Highlight Straits Asia - Possible Re-rating? Macquarie is pleased to list a new call warrant over Straits Asia Resources today: Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Macquarie Research Equities (MRE) published a report on Straits Asia on 3 August 2010, reiterating their Outperform recommendation and $3.40 price target. MRE believes the stock could benefit from a re-rating upon the approval of the Sebuku boundary, new Jembayan infrastructure, potential for improvements in corporate governance, and continuous quarterly operational improvements... Catalyst 1: Sebuku boundary approval MRE highlighted that channel checks show increasing conviction over the "in-principal-approval" in September 2010, and the "final approval" in Q410. MRE thinks this should enable production to start Q111, which should be transformational in terms of increasing reserves, production, coal quality, ASP and lowering costs. Catalyst 2: Jembayan barge loader MRE feels that the Jembayan barge loader tendered to an international contractor and due to be completed in Jan 2011, could lead to capacity increasing up to 12mt (which also reduces the risk of a supply disruption). Catalyst 3: Improving governance MRE sees the potential for Straits Asia's major shareholder to increase their stake (as per their strategy to increase exposure to the coal sector) medium term. MRE feels this should lead to an improved perception of corporate governance. Catalyst 4: Improving quarterly performance MRE sees the potential for the company to improve performance consequently over the next couple of quarters due to increasing production and higher prices. Further, MRE believes that consensus downgrades have been largely reflected by key brokers. Macquarie Straits Asia Resources Warrants Call StraitsAMBLeCW101201 (L1MW) exercise price $2.30.* Call StraitsAMBLeCW101001 (K7IW) exercise price $2.10.* For a full list of Macquarie warrants, please log on to www.warrants.com.sg