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2.66 being tested.
I've bought some as well. On hindsight, better to put on hold first ah...
Wait for the dust to settle first.
Last time people said China/India can cushion the effect. A load of rubbish! US is still the biggest economy and is now in trouble, affecting whole world!
Stay sidelines and enjoy the coming olympic.
In my opinion, this stock is able to give out consistently 5-6% div every year based on current px, so can consider.
another one would be comfort delgro/
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DJ ST Engineering Sees Growth Potential In Mkt Slowdown - Report
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"Today is the best time to look at acquisitions to get access to markets and technology," Tan told the paper. "For the last four years we have been buying companies, and this period may well be a good opportunity to accelerate the plan."
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ST Aerospace, the company’s aerospace arm, contributes about half of ST Engineering’s revenue and more than half of its profit, the paper said.
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Tan also said ST Aerospace was interested in a US$1 billion deal to service Lion Air’s new fleet of Boeings. The Straits Times reported Thursday that the ST Engineering unit was competing with Germany’s Deutsche Lufthansa AG (LHA.XE) and the Air France-KLM (3112.FR) unit KLM, quoting Lion Air President Director Rusdi Kirana.
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hmm, as far as Mr Tee remains in power, Tamasick will survive.
Seletar aviation hub will be commences operation in 18-24 mths time, if not mistaken.
Yrs long order for aircraft conversion orders and possible bringin in JSF F35 to the defence arena.
All the above could be a booster for this burger, AK guess.
Anyone here can advise what's the business outlook for STEng in the next 12-24mths?
Thks CWQ!
Double check with ya cuz some TA shows conflicting signals at 2.65 support and 2.74 resistance...
2.54~2.58 appears on one of the TA i am using, I initially dismiss that cuz I thought this is an STI stock and someone will prevent that kind of drop...
Now since you mentioned that... better just stand at safety zone and watch the fighting
XoI
I agree on the support at 2.66. Previous lows are there. But a break below will probably lead to further drops to 2.55.
Avoid. The downtrend is NOT over yet. STI up yet ST Engg down.
The previous support of 2.75 has been invalidated. Resistance at 2.7, 2.73.
redash ( Date: 11-Jul-2008 11:50) Posted:
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a new low...2.68...
Support range of 2.65~2.66 and resistance at 2.69~2.7 ,
Is that correct QW?
~A check on my TA analysis thats all
=)
eh. no naked short, no contra. it's risk management for me; part of the discipline. one can predict the trend, but to have to predict it within a fixed time frame, you're only adding on extra parameters for error.
the only time i'd ever do shorting is if i get a cfd acct; even then, i'd be very cautious how and on which stock.
on the whole, i prefer to focus on one direction, though i can call both ways since the techs are the same. but the more white noise you eliminate, the simpler you keep your system, the better the chances of consistent success.
Thanks. Did not about this. Still quite new in this area.
One qn, for CFD, my friend told me if short, do not have to pay interest whereas have to pay when long. True? Don't seem to make sense to me. I thought by shorting using CFD, we are borrow scripts ==> must pay charges.
Which is better? CFD or share borrowing?
Maybe not for me as they are all very nerve-racking.
Anyway, your answers to my qns are appreciated.
trader88.sg ( Date: 10-Jul-2008 13:13) Posted:
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Isn't it interesting how 2.75 is so significant?
| Time | Last | Volume | Buy/Sell |
| 17:05:02 | 2.760 | 381,000 | Buy Up |
CWQuah ( Date: 08-Jul-2008 17:03) Posted:
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Oh, you are referring to naked short.
Good traders do not naked short, the risk is simply too high because the controllable time frame is restricted to intra-day. Beyond the trading session, the open positions are subject to buying-in by the exchange, which is not favourable to the naked shortists most of the time.
To go short on stocks, CFD or Share-borrowing are the only 2 practical methods.
HLJHLJ ( Date: 10-Jul-2008 12:46) Posted:
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