SGX    Last:16.25    +0.05

SGX

It made another low @8.52 this morning  

 

well its sitting on the 90 day moving average at the moment...could go either way from here for sure...but if it continues to fall.it sure aint gonna be pretty

 

I am not into Bollinger Bands,

      but by judging visually from the price bars,

            I can see that the time is ripe

                for a biggish move in either direction.  

 

 

It has now touched a low 8.54.. 

 

I also think this counter is a bit dicey to go in long at this moment...

   If I bet, I will bet a short...

      But I am not playing this counter.

         (Today's highest price: 8.61)

 

how come on one shout  at this juncture :  SHORT huh? 

 

 

it says that if deal goes thru .... there will be dilution .... but dilution to what level / price???   

 

Hi Lowchia,

 Thanks for your warning. I even just to vest at 8.55.  Now wait and see. Of course this is my decision. Thanks again.

lowchia      ( Date: 06-Dec-2010 22:04) Posted: On Monday, SGX broke the support at $8.60 and closed at $8.57 with regular volume of 4.07 million shares traded. Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish. Both RSI & MACD are bearish as RSI trend downwards. Important Resistance of SGX: $8.60 Immediate Support of SGX: $8.33 Currently prices are support by 100 days MA at $8.33. Today there has been news of merger with ADX again and this actually create fears into investors as they began to sell off their stocks. We would like to warn investors that if this merger were to go through, it would trigger a massive selling down again. SEE ANALYSIS FOR DBS Although $8.33 is expected to be a very strong support, do consider outcome ahead even if you are fairly interested in this company.

 

On Monday, SGX broke the support at $8.60 and closed at $8.57 with regular volume of 4.07 million shares traded.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Both RSI & MACD are bearish as RSI trend downwards.

Important Resistance of SGX: $8.60

Immediate Support of SGX: $8.33

Currently prices are support by 100 days MA at $8.33.

Today there has been news of merger with ADX again and this actually create fears into investors as they began to sell off their stocks.

We would like to warn investors that if this merger were to go through, it would trigger a massive selling down again.

SEE ANALYSIS FOR DBS


Although $8.33 is expected to be a very strong support, do consider outcome ahead even if you are fairly interested in this company.

 

I am starting to collect SGX :)

My Own TP - 10.20 - 11.00 by 2011 June

 

Kim Eng recommend a BUY with Target Price of $11Strategy 2011 – Hot money will continue to flow. Interest rates will remain low. Against this backdrop, our strategy in the new year is to identify companies that are able to capitalise on their financial strength to buy growth. We pick seven daring plus-size shoppers that will justify further re-rating, not just because of their proactive pursuit of M&As and corporate restructuring, but also because of their potential to generate value for shareholders.

-  Singapore Exchange (SGX SP, BUY, TP: $11.00)
-  Noble Group (NOBL SP, BUY, TP: $2.58)
-  Olam International (OLAM SP, BUY, TP: $3.88)
-  Keppel Land (KPLD SP, BUY, TP: $5.60)
-  Keppel Corp (KEP SP, BUY, TP: $12.30)
-  SATS (SATS SP, BUY, TP: $3.48)


-  Fraser and Neave (FNN SP, BUY, TP: $7.08)

Make love more, don't make more enemies 

 

 

 

SGX kept at Outperform by Daiwa, cuts target

WRITTEN BY DOW JONES & CO, INC

WEDNESDAY, 01 DECEMBER 2010 10:34

Daiwa keeps Singapore Exchange (S68.SG) at Outperform; says share-price decline of 9.3% since merger proposal with ASX (ASX.AU) “has more than priced in the key negative factors, such as ROE deterioration, increased gearing, and a potential market-share loss for ASX.”

Continues to like SGX as merger should improve operating efficiency, “we also believe an enlarged market could make SGX more attractive as a fund-raising location for companies.”

Lowers target to $9.76 from $10.60, due to change in valuation approach to discounted free-cash-flow-to-equity, revises up EPS forecasts by 23% for FY12, FY13 to reflect estimated financial impact of merger.



“In addition, SGX offers a dividend yield of 4.3%-4.5% on our FY12-13 DPS forecasts, revised up by about 10% as a result of the merger.” Shares off 0.5% at $8.58.

 /The Edge Singapore/

 

 

 

This is  valid only for Monday ...


   Good shorting price: 9.18  (must dump if it goes up 3c after you have bought)


       Good buying price: 8.73 (must dump if it goes down by 3c after you have sold)

           *All trades at your own risk... 

 

heng never sell!

 

i agree..thanks sifu!

iPunter      ( Date: 17-Nov-2010 21:02) Posted: If the Dow is green tonight,     tomorrow people can sell at good prices...        but the market may not follow the Dow, but SSE and HK...

 

If the Dow is green tonight,

    tomorrow people can sell at good prices...

       but the market may not follow the Dow, but SSE and HK...

 

base on charting its going down trend but if tonight dow jone doing good it might be a turn around..which is a 50-50% chances provided dj goes up.

 

iPunter      ( Date: 17-Nov-2010 20:44) Posted: This counter is quite dicey to buy at this time.       It may go up, but it may also go down bigly.            But my preference is down, not because I am a bear,                but because it is my bet, hehehe...

 

This counter is quite dicey to buy at this time.

      It may go up, but it may also go down bigly.

           But my preference is down, not because I am a bear,

               but because it is my bet, hehehe...

 

yup..hmm..should cut already...and buy back haha

soloman      ( Date: 17-Nov-2010 17:10) Posted: ON THE RADAR OF SHORTISTS........................

 

ON THE RADAR OF SHORTISTS........................