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ceenersave showing sign of bottom with macd begining to move up. W% is pointing up now. current price resting on 7 days sma. when the 7 days cross with the 14 days, it will trigger either move up north or move south.
i dun average down thus i wont enter, this is for others to consider
Yap..Cnersave is now trading at 165c / 17c, might consider a good support entry, tink tink those boys with smaller traded volume this day have been collecting. Just my tot.
Still vested in Cner.
GUIZHOU: China is now the world's fastest growing consumer of electricity.
With the demand growing at 9% annually, it has embarked on a massive power project to supply its energy-guzzling cities on the east coast. http://www.channelnewsasia.com/stories/eastasia/view/242514/1/.html
Boasting rich resources for hydroelectric and thermal power generation, China's southwestern province of Guizhou is known for its massive power stations which supply millions of kilowatts of electricity to the country's eastern coastal areas.
Given China's severe imbalance in power generating capacity, the Chinese government started a massive "West-to-East Power Transfer" project in 2000.
Now every year, electricity is sent from big power generating provinces such as Guizhou and Guangxi in the West, to big energy consumers like Guangdong and Shanghai in the East.
teeth, u still vested?
Yahh.., either way, is those big boys placement prices and oso another big boy collection times at an average prices of about $0.165c, conversion prices for none interesting earning for Value Capital.
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annnotesfirstsubtranchetranche6final.pdf, pls see attached notes:
S$30,000,000 (IN SIX EQUAL TRANCHES) OF UNSECURED NON-INTEREST BEARING CONVERTIBLE NOTES DUE 2011 OF A PRINCIPAL AMOUNT OF S$5,000,000 PER TRANCHE (the "NOTES").
Value Capital has exercised $950,000 to convert d following sub-tranches of tranche 5 notes at floating conversion price of $0.1521 per share (rate is base on between 18-22 Sept 2006 prices). This leave an outstanding balance amount $50,000 in respect of fifth sun-tranche. Todate the total loan to converted in the capital of company (Enersave) is S24,950,000.
To date the total concevted in the capital of company is $25,950,000 First Sub-tranches of tranche 6 notes of S$1,000,000 each. Here an indication they R still putting $$$ where they has confidence in it.
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thou it rises today but volume is dropping. can means both way. either shaky investors is shook off or interest is dying.
guess which one is the real reason..
Most of all, those big boys is collecting and remeding or converting their due to their none interest earning at this low low px.
oversold. may rebounce soon.
This counter just broken the 0.165 support. but have a rebounce back to 0.165. volume is not huge for either 0.16 or 0.165. future movement looks uncertain.
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Nostradamus
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Posted: 28-Sep-2006 20:05 |
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Met resistance at $0.205.
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Due to other stories, like trading restriction, bad news on certain china stocks, good ipo stocks that (punt/trade/speculated or even invested on) has gone the wrong way and some help of uncertainty from Dow, stocks here i given a negative aspect, so is Cnersave is also down1c to 2c, however at $165cents been seen at very strongly supported. Of 10,796 mil traded, 8,890 mil is done at $0.165cents. Closed unchanged at 165cts. Notices (hopefully) by those vested big boys.
Holders of this stock to be careful. Shareinvestor forum reported yesterday "Looks like game over. But it is sitting on a critical support 16-165 & RSI is near oversold, given the low vol yesterday, if it does not reverse today, finished !! ". Good Luck.
The only positive indicators for this counter are Stochastic and Chaikin. If TA can be applied to this particular penny stock, can consider to buy on dip as A/D Lines normally follows Chaikin, but as when the A/D Lines will "catch up" will have to depend.
stockie is right.... its probably on a sustained downtrend.
yeah. TA sucks for this one. It's even starting to break below the lower limit bollinger band.
Fundamentals are strong for this counter if only it is materialise. need to wait till 07 or 08. This is e time to load up
Well. 0.165 is not a real TA support but a support due to placement price paid by them. however we still dun noe if they have cashed out at 0.19/0.2. Now got lots of inside selling and the next support is 155 if 165 is broken tomolo. Now MACD is at negative region. highly negative TA if u ask me. however i bought this counter due to FA recommendation thus now i am having spilt decision and feeling.. haiz
Hmm, i wonder what those big guns will say when they see they can buy at placement price today. What the S@$# happened out there?
Should rebound at support around $0.165.
Might have more selling pressure on most stocks, esp China stocks, if those "winners" at the US voting "proposed" something "drastical" to investors..
