China XLX Fert   

China XLX Fertiliser Limited

Sold mine at 1.36 many moons ago. Don't know when china stocks will perform again?

For the next few months,  concentrate only on blue heavyweight singapore stocks to accumulate.

Good luck all.

 

Chart looks bad.. thats y drop like crazy.. anyone still holding?

Me cut loss already.. so scary... think will become cheaper..

 

the market depth...buy queues are shot down tremendously by many short sellers...doesn't look a bit good at all

 

400 lots bought at 1.2

 

Seems like as long as Indo, Golden, First Resources and Wilmar is positive, XLX will not move south. So far for today XLX is breaking new day high each time there's a rally and when the rally stops it did not break the day low. With US futures all positive for now, chances is there will be further rallies after the break.

Still can hold your position for now.

Jus my 2cents worth.

 

Strong support!! Well done!!  Only dips a little.  Will fly when DJ turns blue. 

 

this counter, sb follow bb, becareful when bb turn around and  sb, if you are smart sb, you should let go your position today and come back another day.

 

Look at the way they buy and block now. Not the work of retail investors.

Big funds or a group of remisers pushing the price up.

 

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1000 lots buy in at $1.20.   Though resistance is also strong at this price

 

If XLX is able to close above $1.18, high chance it will move towards $1.30.

For contra players to earn good profit, my opinion is, never to sell your counter when you see it moves north.

Every counter has an intra-day trading pattern. If you monitor carefully, once mkt opens, XLX either moves up or down. Lets say XLX opens at $1.04, it moves down to $1.02 then investors start to buy and push to the to $1.06 then people start to take profit and it moves back to $1.03. Buying resumes and it moves to $1.08. If you notice, the day low is always higher and the day high is always higher. This tells us there is a strong momentum in this counter. Chances are the price will keep moving up until the pattern is reversed.

If you are able to pick out this pattern, have the gut to jump in after price starts to retrace when it hits a new day high. After you begin your trade, make sure you set amount of losses you are able to take and once the price drop to that level sell without hesitation.

Let say you bought XLX at $1.08 today. It did not drop to your cut loss level, let say $1.05, monitor its progress and see roughly how much it will close at the end of the trading day. Let say XLX is going to close at $1.12, it is 7 bits from your cut loss price, this is quite safe to hold to the next trading day. If its going to close less than 6 bits above your cut loss price, my opinion is to sell to take profit or take a minimal loss if you feel US market will not do well tonight.

You should only sell when XLX is going to close below its opening price for the particular trading day. If this strong buying momentum carries on, just hold until T+3 or T+5 to gain your maximum profit.

I feel that this way you are able to pick up more profit. If you just go in for hit and run, true you might make some kopi money but then if you are not DISCIPLINE enough your kopi money is not enough for you to pay up for one loss.

Jus my 2cents worth

 

DJ MARKET TALK: China XLX Fertiliser +14.4%; S$1.27 Resistance
(2008/01/04 14:25PM)

0625 GMT [Dow Jones] China XLX Fertiliser (B9R.SG) +14.4% at 4-week high
of S$1.19 on strong volume. "The big boys are buying," trader says.
Foreign house analyst says share price possibly driven by rising
fertilizer demand; "there are some people saying because of rising crop
prices, there''s strong interest in wanting to increase crop yield given
limited available land for farmers. So there''s probably strong demand
for fertilizer to boost crops." On charts, technical indicators suggest
upward momentum intact with stock yet to reach overbought levels.
Resistance tipped at S$1.27 (61.8% Fibonacci mark between record S$1.50
high, November low of S$0.90).

 

will drop before st close.

 

best fertiliser is make of bullshit.  

 

palm oil need bullshit to grow.

 

I feel otherwise, shouldn't be taking profit now. From the way the price is being pushed up, big funds is coming in.

Oil price is going up, alternative might be bio-fuel, which comes from palm oil. Palm oil needs fertiliser to grow.

As the china economy becomes more affluent, the people go for better diet. That will spur the demand for soya bean and corn. I read it in businesstimes, an article from morgan stanley or jp morgan. All these comodities requires fertiliser.

Jus my 2cents worth

 

i sincerely agree with 178investors...take this chance to take profit...up way too high just because of the news

 

why? because today ST reported how high oil price would drive up alot of goods including fertilizers.

human beings have unexplained itchiness to react to every piece of news (new or old)... so take the opportunity to unload if you're already sitting on profits.

cheers!

 

Vested sometime back liao.  Just want to know why the sudden surge if anyone in the forum may know.

 

Too late already. Try ChinaMilk.

 

Sudden surge today.  Anyone has insider info?