
Close your shorts before it is too late.
Once 2.09 breaks, it will be free fall. 

weak close. short!
 
friday didnt close strong enuff...but at least 2.1 is holding... can take a punt, cut loss as mentioned.
but limited upside
back to 2.14
2.19
those who havent' cover better do so. fast:)
When I want them to short so that i can buy lower, they cover. Always against me :)
 
shortist should be coverin shorts today...
 
genting^2 ( Date: 13-Apr-2012 11:11) Posted:
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Looks like it is reversing. Shortist can u please short somemore )
Confirmation from?
What is your expected floor price of this stock?
i've yet to enter...waitin for it to find its floor. im waitin for confirmation...could be soon.
2.1 is crucial
genting^2 ( Date: 12-Apr-2012 15:38) Posted:
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Are you holding on to the stock?
What px did you enter?
its is currently playin its head/ shoulder.... although its due time for rebound...but it will be a lower high...so not so bullish stock i think...
 
Crossing to 2.12
You are right. Judging from RSI, it is way oversold. Those who cover the shots will also buy back as quickly as possible. So expect a run up soon prior to dividend in May.
it must close higher if not its bearish...
 
genting^2 ( Date: 12-Apr-2012 15:18) Posted:
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Will it close at 2.15?
Cross 2.10 now 2.11
 
Number of buyers and sellers are almost the same for $2.10
 
from DMG research
Sakari Resources: S$2.14 BUY (TP: S$2.80)
Recent Indonesia resource policies not finalised?
News of Indonesia’s resource export cut not cast in stone. The Jakarta Post
reported on 10 Apr 12 that the Indonesian government will not export raw
natural resources after 2014. This follows other previous Indonesian mining
regulatory news that included a 25/50% coal and base metals mining export
tax to be implemented by 2012/2013. Channel checks reveal that despite
these news flows, the regulations have yet to be finalised.
Expect short term share price weakness for Sakari. Our channel checks tell
us that Indonesia’s natural resources export curb from 2014, as well as the
25/50% mining export tax are yet to be cast in stone. Moreover, we think
these regulations may not ultimately target the coal players, given that
Indonesia currently has enough coal to meet domestic demand. Nevertheless,
we do not rule out further regulatory news flow from Indonesia that could
further dampen Sakari’s share price in the short term as investor sentiment
could remain negative.
BUY rating maintained. We maintain our BUY call and target price of S$2.80
on Sakari. Trading at 8x FY12 P/E, the counter remains cheap in our
opinion. Indonesia’s regulatory risks remain a concern but we think that
coal players may ultimately not be significantly affected.