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Me too ... holding on and will load more when time has come
Indeed a giant fish is swimming near the hook
The fish is bottoming at 1.43 level and you can see buyer and seller in tug of war. Anyway, buyer should prevail once the seller has been exhausted.
I am still holding mine tight bought around this level and shall see it move to 1.80 before considering unload.
This is a very good potential stock.
Extract from the Japan Fisherman News...
About 200,000 fishing boats -- almost the entire industry -- cancelled
their trips for one day to raise awareness of their plight, a move
likely to impact restaurants and dinner tables around the country.
If one after another country's fisherman stops fishing ...what's the impact on this gaint Fishy ?
The Fish supply will reduce ..price will go up & only big Fishermen left ...
If fresh fish sink ..then all start buying frozen fish ...like frozen pork & chicken where
demands are growing & growing ...
That's depends on how the fuel cost is contained or passed on to consumer .
Japan fisherman on strike ...fuel cost too high to fish .
http://www.usatoday.com/news/world/2008-07-14-japan_N.htm?csp=34
Fish price will continue to rise that's for sure..
willysoh ( Date: 16-Jul-2008 10:12) Posted:
| oil price is a big cost for china fish.......
careful |
|
oil price is a big cost for china fish.......
careful
Loaded at 1.45. Intrinsic at 2.2....
Interesting fish ...how deep the abyss can this Fish go ?
redash ( Date: 15-Jul-2008 10:26) Posted:
TA shows currently this counter is at "war" (buyers VERSUS sellers), the downtrend is rather strong...
I suggest stay away for awhile and let the dust settle, or do DCA if you are strongly convinced by the current pricing... and market outlook on this... |
|
Yes i agree if you are for the short term. We are now less than a month to olympic and China govt is planning to boost the stock market image. This positive sentiment over at china and its china govt fund moving out to buy would take note of the fish as its market cap is sizable in sgx.
TA shows currently this counter is at "war" (buyers VERSUS sellers), the downtrend is rather strong...
I suggest stay away for awhile and let the dust settle, or do DCA if you are strongly convinced by the current pricing... and market outlook on this...
Consider the potential of this counter, do take a look if u are bottom fishing. I have picked up some today again a very good prices. It is approximately 50% discount to its fair value now.
No one wants to let go this Fish at lower price..... you can expect more upside due to its potential.....
Just back from out station... Fish up 9% yesterday!! high Vol!!
8% Up.. the Fish is alive again!!!
FISH had woke up.....
For 9MFY2007, China Fishery recorded total revenue of US$327.9 million, a 170.9% increase from the same period one year ago. The significant growth underscores results from the Group?s expansion activities undertaken in the year to date, which include two new Vessel Operating Agreements (?VOAs?) that nearly doubled the Group?s annual harvesting capacity, and the establishment of its fishmeal processing business in Peru. In 9MFY2007, the Group?s trawling operations accounted for 67.8% of total revenue, while fishmeal processing accounted for the balance 32.2%.
time to bottom fish??
see, the really small timer.. they can only affort 2-5 lots... You think Big fish can be bothered with 2-4 cts with 2-5 lots?
ah yah.. should short those counters with hi vol.. might get stuck with no one selling to you to close the trnx end of the day.. Banyan would be a gd candidate for you today.. but too late now.
wah...retailer can gain much with 2-4cts kinda lots meh?? i thk some unseen testing water..to skew the charts may be?? hee..anyway pre-DJ is 50+ STI like abit lao sai still...directionless even after Fed Rate cut leh....like that hard for me to SHORT much leh...unless STX play...but that wan can be heartattack oso..haha.so huge deltas :P
exactly... retailers then so cheapo.. look at the vol, only 300 lots for the whole day... transactions were all done is small lot size.. look at all the 2 lots, 3 lots, 5 lots...
retailers?? cant be holding on to 1.90 level so consistently leh...not much chg...cant SHORT or contra BIG oso...hmm....
volume is so low... may well mean it's not in play.. just small retail buyers.
