ShareJunction - Member Posts

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Wat makes u think I m not a buyer.

I trade based on my chart analysis, I aredi mentioned in earlier post, I m a happy buyer at around this price but also set my stop-loss as I m mindful tat TA is not infallible.

I always remember my 3 golden mantras, my guiding light in trading.

dcang84 ( Date: 19-Aug-2009 14:32) Posted:

Buy some more. No sense telling others not to short when conditions change. Walk the talk as they say. Cheers!

richtan ( Date: 19-Aug-2009 11:07) Posted:

Those BBs (aka Fund manager, syndicates) tat dare to short are taking a very big risk and gamble (may get caught naked and burnt) as Midas may any moment spring a surprise with contracts awards.

Those whom are wise, aware of Midas good FA and have the patience to reap the rewards, should just buy and keep eating up their shorts (burn their shorts and make them naked) till they panic and have to chase after the prices to buy back their shorts, otherwise they are naked and exposed ugly. Smiley Smiley Smiley Smiley

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Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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Hehehe... maybe bcos STI got no iron balls lah

Peg_li ( Date: 19-Aug-2009 14:19) Posted:

What a fucking STI!

why follow SSE to fall?

why not followed SSE to UP when SSE up last few month?

only follow the fall?

Shit STI!

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They are like the willow trees, sway according to mkt wind direction, any 3 yrs old kid also can be an analyst except they dun have tat "toilet paper" lah.

TuaPekGong9413 ( Date: 19-Aug-2009 12:19) Posted:

cant trust those analysts or radio....previously they say may have a W shape reocvery.then later on when they see stock mart recovering, they say may have a V shape recovery. If market contine to slump, then they will again say may have a W shape.....everything also they say...i only consider what li ka shing said last week....if any1 still wana trade now, then better buy with caution....

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Yup, u r right.

Trading shares should not merely for the div, a trader goes for capital gains, div is just an added bonus if happened to hold tat stock, I will still exit if there is any sell sign and ignore the div.

louiewoo ( Date: 19-Aug-2009 11:39) Posted:

1 lot=$6/40 only DIV.

bennykusman ( Date: 19-Aug-2009 11:33) Posted:

wow.. that's high div.. which means the price will be going up more than 0.64 cts

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Trade Summary shows more buy-up:

5GJ (AusGroup)

WEIGHTED AVG PRICE : 0.6036	LAST DONE PRICE : 0.605
SPREAD/PRICE RATIO : 0.0000	AVG TRADE SIZE : 59.495

< />

Last	Trades	Vol	BuyVol	Mid	SellVol
0.600	119	8,703	6,662	0	2,041
0.605	250	14,791	5,609	0	9,182
0.610	57	1,851	0	0	1,851
TOTAL	426	25,345	12,271	0	13,074

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Those BBs (aka Fund manager, syndicates) tat dare to short are taking a very big risk and gamble (may get caught naked and burnt) as Midas may any moment spring a surprise with contracts awards.

Those whom are wise, aware of Midas good FA and have the patience to reap the rewards, should just buy and keep eating up their shorts (burn their shorts and make them naked) till they panic and have to chase after the prices to buy back their shorts, otherwise they are naked and exposed ugly. Smiley Smiley Smiley Smiley

bennykusman ( Date: 19-Aug-2009 10:07) Posted:

wah... big players... share me pls..hehe

risktaker ( Date: 19-Aug-2009 10:02) Posted:

Hint: My friend is collecting like so happily.... my 450 lots is peanut compare to him..... many times of mine lol.

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Div - 0.64 cts

ex - 24/10

Payable - 6/11

bennykusman ( Date: 19-Aug-2009 10:34) Posted:

when ausgroup share the dividen ? anyone knows how much ?

richtan ( Date: 19-Aug-2009 10:03) Posted:

Vol in one hour of trading had aredi exceeded yesterday's vol

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From OCBC Mkt Pulse:

AusGroup Ltd:

Dust has settled & we like what we see.

AusGroup Ltd's 4Q revenue rose 19.2% YoY and 18.7% QoQ to A$118m, while profit after tax
jumped 21.6% YoY and 67.5% QoQ to A$6.9m.

4Q09 earnings beat our (conservative) expectations significantly and also beat management
guidance given at 3Q results.

Management expects an adverse effect on 1H10 revenue and earnings due to anemic tendering
over 4Q CY2008 to 2Q CY2009. Tendering and project planning is now back in full-swing,
at least for the blue-chip customers AusGroup targets.

Earnings visibility has improved, increasing our confidence in our FY10F and FY11F estimates.

Key earnings drivers include BHP Billiton's RGP5 project, Woodside's Pluto LNG project and
the Chevron-led Gorgon LNG project.

The better medium-term outlook is not fully priced in, in our view.

We peg our valuation to 14x FY10F earnings (prev: 11x FY10F) or 10x FY11F earnings.

Our revised fair value estimate is S$0.70 (prev: S$0.51).

Upgradeto BUY.

Morning Call

AusGroup Ltd: Dust has settled & we like what we see.

4Q surpasses expectations.

AusGroup Ltd reported a 19.2% YoY and 18.7% QoQ increase in 4Q09 revenue to A$118m.

Profit after tax meanwhile rose 21.6% YoY and 67.5% QoQ to A$6.9m.

For the full-year, revenue grew 26% to A$478.2m, while net profit rose 52% to A$21.9m.

4Q09 earnings beat our (conservative) expectations significantly and also beat management
guidance given at 3Q results.

The company booked a A$4.1m impairment on Cactus over 2H09.

AusGroup's balance sheet was in a net-cash position as of 30th June.

Current order book stands at A$403m.

This has been a tough year particularly for the minerals resources sector, which was
hit hard by significant declines in commodity prices and by tight credit markets.

Majors and minors alike froze or deferred capital expenditure programs.

Tendering slowed to a virtual halt over 4QCY2008 to 2Q CY2009 creating an "order book hole".

Management expects an adverse effect on 1H10 revenue and earnings.

We're currently estimating a 17% sequential dip in 1Q10 revenue, which may be slightly optimistic.

Negative operating leverage - a fixed cost/falling volume effect - may also impact margins.

But industry is making plans again. We note that the minerals resources sector is rapidly ascending
the hierarchy of needs from necessity capex to replacement capex and back to expansion capex.

Tendering and project planning is back in full-swing, at least for the blue-chip customers

AusGroup targets.

Meanwhile, the oil & gas sector is underpinned by major LNG projects flowing through the next
one to four years.

More confidence in estimates.

Our earnings estimates are unchanged but reflect a lower-than-expected share base post the
Modern Access (MAS) acquisition. Earnings visibility has improved, increasing our confidence in
our FY10F and FY11F estimates.

Key earnings drivers include BHP Billiton'sRGP5 project, Woodside's Pluto LNG project and the
Chevron-led GorgonLNG project.

Dust has settled and the view is good.

We believe 2H10 and FY11,especially, will present a very different picture of the company.

The better medium-term outlook is not fully priced in, in our view.

The current share price values AusGroup at 11.6x FY10F and 8.5x FY11F earnings.

We peg our valuation to 14x FY10F earnings (prev: 11x FY10F) or 10x FY11Fearnings.

Our revised fair value estimate is S$0.70 (prev: S$0.51).

Upgrade to BUY.

Key risks include
1) deterioration in industry outlook;
2) marginsqueeze on competition;
3) project slippage;
4) execution risk on MAS.(Meenal Kumar)

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Vol in one hour of trading had aredi exceeded yesterday's vol.

richtan ( Date: 19-Aug-2009 09:44) Posted:

Vol in less than an hour of trading, almost catched up with yesterday's vol.

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Quotes from below:

“This is a bull market, and it will continue to do OK,” said Craig Hodges, a fund manager at Dallas-based Hodges Capital Management Inc., which oversees about $750 million. “There are necessary corrections you need in order for it to stay healthy. It’s a tug of war.”

“There’s some room to the upside for companies if people get excited about the prospects for growth over the next couple of months, which I think they will,” said Jason Trennert, chief investment strategist at Strategas Research Partners, in an interview on Bloomberg Radio.

“Treasuries may have been rich after the recent rally and once the stock market started taking off at some point it was going to start weighing on Treasuries,” said Suvrat Prakash, an interest-rate strategist in New York at BNP Paribas Securities Corp., one of the 18 primary dealers that trade with the Federal Reserve. “The pendulum is swinging back to stocks.”

richtan ( Date: 19-Aug-2009 09:53) Posted:

U.S. Markets Wrap: Stocks, Oil Advance as Target Tops Estimates

Share | Email | Print | A A A

By Kayla Carrick and Stuart Wallace

Aug. 18 (Bloomberg) -- U.S. stocks rose, helping global equities rebound from the worst drop since April, following better-than-estimated earnings at Home Depot Inc. and Target Corp. Crude oil rose for the first time in three days, while Treasuries and the dollar fell.

The MSCI World Index added 1.1 percent at 4:05 p.m. in New York, with 20 of 23 developed markets advancing. The Standard & Poor’s 500 Index climbed 1 percent to 989.67 as financial, commodity and technology companies led gains.

“This is a bull market, and it will continue to do OK,” said Craig Hodges, a fund manager at Dallas-based Hodges Capital Management Inc., which oversees about $750 million. “There are necessary corrections you need in order for it to stay healthy. It’s a tug of war.”

The advance in equities today restored less than half of yesterday’s 2.8 percent slump in the MSCI World Index. The global benchmark index has rallied 52 percent from a 13-year low in March on speculation the worst of the global recession is over. The Dow Jones Industrial Average gained 82.6 points, or 0.9 percent, to 9,217.94 today. Europe’s Dow Jones Stoxx 600 Index added 1.3 percent after German investor confidence increased.

Home Depot, the largest home-improvement retailer, added 3.1 percent to $26.93 to help lead the gain in the Dow industrials. The world’s largest home-improvement chain said second-quarter profit, excluding costs to close the company’s Expo business, was 67 cents a share. That beat the average estimate of 59 cents in a Bloomberg survey.

Target Jumps

Target rallied 7.6 percent to $44.32. Second-quarter net income declined to $594 million, or 79 cents a share, from $634 million, or 82 cents a share, a year earlier. Analysts estimated profit excluding some items of 66 cents, the average in a Bloomberg survey.

Per-share earnings topped analysts’ estimates by 10 percent on average for the 471 companies in the S&P 500 that have reported results since June 17, according to data compiled by Bloomberg. Profits slumped about 29 percent in the period, a record eighth straight quarter of falling earnings.

“There’s some room to the upside for companies if people get excited about the prospects for growth over the next couple of months, which I think they will,” said Jason Trennert, chief investment strategist at Strategas Research Partners, in an interview on Bloomberg Radio.

European Shares Rally

American Express Co. advanced the most in the Dow Jones Industrial Average, adding 4.3 percent to $31.69. The biggest U.S. credit-card issuer by purchases was upgraded to “outperform” by Keefe, Bruyette & Woods Inc., which cited “improving trends in credit.”

Goldman Sachs Group Inc. rallied 2.1 percent to $160.48. The company, which was the biggest U.S. securities firm before converting to a bank last year, was raised to “buy” from “neutral” at Pali Capital Inc.

European shares rallied after the ZEW Center for European Economic Research’s index of German investor and analyst expectations rose to 56.1 in August from 39.5 in July, exceeding the median forecast in a Bloomberg News survey for a reading of 45.

Crude oil rose for the first time in three days, surging the most this month, as the dollar dropped against the euro, bolstering the appeal of commodities.

Oil Rises

“Oil is rising today because stocks are up and the dollar is a little weaker,” said Stephen Schork, president of consultant Schork Group Inc. in Villanova, Pennsylvania. “This market is getting smacked around a lot. It’s following what’s occurring elsewhere.”

Crude oil for September delivery increased $2.44, or 3.7 percent, to settle at $69.19 a barrel at 2:44 p.m. on the New York Mercantile Exchange. It was the biggest gain since July 31. Oil has advanced 55 percent this year.

Treasuries fell for the first time in four days after single-family home starts rose in July for a fifth month, indicating further stabilization in the housing industry.

Ten-year note yields rose from near the lowest levels in almost four weeks as single-family home starts increased 1.7 percent from June to a 490,000 annual pace. Producer prices fell 0.9 percent in July, more than forecast, capping the biggest 12- month drop on record.

‘Pendulum Swinging Back’

“Treasuries may have been rich after the recent rally and once the stock market started taking off at some point it was going to start weighing on Treasuries,” said Suvrat Prakash, an interest-rate strategist in New York at BNP Paribas Securities Corp., one of the 18 primary dealers that trade with the Federal Reserve. “The pendulum is swinging back to stocks.”

The yield on the 10-year note rose five basis points, or 0.05 percentage point, to 3.52 percent at 4:16 p.m. in New York, according to BGCantor Market Data. The 3.625 percent security maturing in August 2019 fell 3/8, or $3.75 per $1,000 face amount, to 100 7/8.

Yields touched 3.46 percent yesterday, a level not seen since July 22, as the decline in stocks spurred investors toward the relative safety of U.S. debt.

The dollar fell against the euro for the first time in three days as the increase in German investor confidence added to evidence a global economic recovery is taking shape.

Dollar Drops

The pound increased from near a one-month low versus the dollar after a report showed the U.K. inflation rate was higher in July than economists forecast as the nation’s recession eased. The dollar and yen declined against major counterparts including the South African rand as stocks and commodities advanced, reducing demand for relative safety.

“Economic growth looks better, and capital flows into commodity-sensitive currencies,” said Warren Naphtal, who oversees $870 million in assets as the chief investment officer at P/E Investments in Weston, Massachusetts. “For the flight- to-quality trade to be taken to the next level, you really need very negative news.”

Europe’s currency increased 0.6 percent to 133.86 yen at 4:25 p.m. in New York, from 133.08 yesterday. The euro appreciated 0.3 percent to $1.4127 after touching $1.4046 yesterday, the lowest level since July 30. The yen weakened 0.3 percent to 94.74 per dollar, from 94.50 yesterday, when it reached 94.21, the strongest level since July 29.

To contact the reporters on this story: Stuart Wallace in London at swallace6@bloomberg.net; Kayla Carrick in New York at kcarrick1@bloomberg.net Last Updated: August 18, 2009 17:25 EDT

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U.S. Markets Wrap: Stocks, Oil Advance as Target Tops Estimates

Share | Email | Print | A A A

By Kayla Carrick and Stuart Wallace

Aug. 18 (Bloomberg) -- U.S. stocks rose, helping global equities rebound from the worst drop since April, following better-than-estimated earnings at Home Depot Inc. and Target Corp. Crude oil rose for the first time in three days, while Treasuries and the dollar fell.

The MSCI World Index added 1.1 percent at 4:05 p.m. in New York, with 20 of 23 developed markets advancing. The Standard & Poor’s 500 Index climbed 1 percent to 989.67 as financial, commodity and technology companies led gains.

“This is a bull market, and it will continue to do OK,” said Craig Hodges, a fund manager at Dallas-based Hodges Capital Management Inc., which oversees about $750 million. “There are necessary corrections you need in order for it to stay healthy. It’s a tug of war.”

The advance in equities today restored less than half of yesterday’s 2.8 percent slump in the MSCI World Index. The global benchmark index has rallied 52 percent from a 13-year low in March on speculation the worst of the global recession is over. The Dow Jones Industrial Average gained 82.6 points, or 0.9 percent, to 9,217.94 today. Europe’s Dow Jones Stoxx 600 Index added 1.3 percent after German investor confidence increased.

Home Depot, the largest home-improvement retailer, added 3.1 percent to $26.93 to help lead the gain in the Dow industrials. The world’s largest home-improvement chain said second-quarter profit, excluding costs to close the company’s Expo business, was 67 cents a share. That beat the average estimate of 59 cents in a Bloomberg survey.

Target Jumps

Target rallied 7.6 percent to $44.32. Second-quarter net income declined to $594 million, or 79 cents a share, from $634 million, or 82 cents a share, a year earlier. Analysts estimated profit excluding some items of 66 cents, the average in a Bloomberg survey.

Per-share earnings topped analysts’ estimates by 10 percent on average for the 471 companies in the S&P 500 that have reported results since June 17, according to data compiled by Bloomberg. Profits slumped about 29 percent in the period, a record eighth straight quarter of falling earnings.

“There’s some room to the upside for companies if people get excited about the prospects for growth over the next couple of months, which I think they will,” said Jason Trennert, chief investment strategist at Strategas Research Partners, in an interview on Bloomberg Radio.

European Shares Rally

American Express Co. advanced the most in the Dow Jones Industrial Average, adding 4.3 percent to $31.69. The biggest U.S. credit-card issuer by purchases was upgraded to “outperform” by Keefe, Bruyette & Woods Inc., which cited “improving trends in credit.”

Goldman Sachs Group Inc. rallied 2.1 percent to $160.48. The company, which was the biggest U.S. securities firm before converting to a bank last year, was raised to “buy” from “neutral” at Pali Capital Inc.

European shares rallied after the ZEW Center for European Economic Research’s index of German investor and analyst expectations rose to 56.1 in August from 39.5 in July, exceeding the median forecast in a Bloomberg News survey for a reading of 45.

Crude oil rose for the first time in three days, surging the most this month, as the dollar dropped against the euro, bolstering the appeal of commodities.

Oil Rises

“Oil is rising today because stocks are up and the dollar is a little weaker,” said Stephen Schork, president of consultant Schork Group Inc. in Villanova, Pennsylvania. “This market is getting smacked around a lot. It’s following what’s occurring elsewhere.”

Crude oil for September delivery increased $2.44, or 3.7 percent, to settle at $69.19 a barrel at 2:44 p.m. on the New York Mercantile Exchange. It was the biggest gain since July 31. Oil has advanced 55 percent this year.

Treasuries fell for the first time in four days after single-family home starts rose in July for a fifth month, indicating further stabilization in the housing industry.

Ten-year note yields rose from near the lowest levels in almost four weeks as single-family home starts increased 1.7 percent from June to a 490,000 annual pace. Producer prices fell 0.9 percent in July, more than forecast, capping the biggest 12- month drop on record.

‘Pendulum Swinging Back’

“Treasuries may have been rich after the recent rally and once the stock market started taking off at some point it was going to start weighing on Treasuries,” said Suvrat Prakash, an interest-rate strategist in New York at BNP Paribas Securities Corp., one of the 18 primary dealers that trade with the Federal Reserve. “The pendulum is swinging back to stocks.”

The yield on the 10-year note rose five basis points, or 0.05 percentage point, to 3.52 percent at 4:16 p.m. in New York, according to BGCantor Market Data. The 3.625 percent security maturing in August 2019 fell 3/8, or $3.75 per $1,000 face amount, to 100 7/8.

Yields touched 3.46 percent yesterday, a level not seen since July 22, as the decline in stocks spurred investors toward the relative safety of U.S. debt.

The dollar fell against the euro for the first time in three days as the increase in German investor confidence added to evidence a global economic recovery is taking shape.

Dollar Drops

The pound increased from near a one-month low versus the dollar after a report showed the U.K. inflation rate was higher in July than economists forecast as the nation’s recession eased. The dollar and yen declined against major counterparts including the South African rand as stocks and commodities advanced, reducing demand for relative safety.

“Economic growth looks better, and capital flows into commodity-sensitive currencies,” said Warren Naphtal, who oversees $870 million in assets as the chief investment officer at P/E Investments in Weston, Massachusetts. “For the flight- to-quality trade to be taken to the next level, you really need very negative news.”

Europe’s currency increased 0.6 percent to 133.86 yen at 4:25 p.m. in New York, from 133.08 yesterday. The euro appreciated 0.3 percent to $1.4127 after touching $1.4046 yesterday, the lowest level since July 30. The yen weakened 0.3 percent to 94.74 per dollar, from 94.50 yesterday, when it reached 94.21, the strongest level since July 29.

To contact the reporters on this story: Stuart Wallace in London at swallace6@bloomberg.net; Kayla Carrick in New York at kcarrick1@bloomberg.net Last Updated: August 18, 2009 17:25 EDT

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Vol in less than an hour of trading, almost catched up with yesterday's vol.

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Posted: 18-Aug-2009 10:27 Contact richtan * Quote this Post!

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* Alert Admin

Take a look at SAR cup and handle, Midas chart (see below) also shows such formation, in the nascent stage

richtan ( Date: 15-Aug-2009 00:15) Posted:

Hi Bintang,

U are most welcomed, I too learnt a lot from your postings.

No problem, take your time, no urgency.

Are u refering to the cup tat I mentioned, if it is I post below the cup pattern for your info, correct me if u think I m wrong.

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Ooops, typo error, should be:

"As per my earlier post, also there is no guarantee tat it will (not - deleted) drop too" ......

richtan ( Date: 19-Aug-2009 09:32) Posted:

Benny,

As per my earlier post, also there is no guarantee tat it will not drop too, it may not drop or it may rise as there are myriads of other factors to take into considerations too, eg mkt sentiments, news, announcements, etc.

bennykusman ( Date: 19-Aug-2009 09:28) Posted:

so price wont drop much is it ? ok2.. noted.. thanks... vested more today.

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Benny,

As per my earlier post, also there is no guarantee tat it will not drop too, it may not drop or it may rise as there are myriads of other factors to take into considerations too, eg mkt sentiments, news, announcements, etc.

bennykusman ( Date: 19-Aug-2009 09:28) Posted:

so price wont drop much is it ? ok2.. noted.. thanks... vested more today..

ronleech ( Date: 19-Aug-2009 07:59) Posted:

I dont think 0.25 cts div was significant to a $0.85 counter. the percentage was simply too low to take into consideration. Why would ppl vest for its div when the amount is less then even a click jump? Unless you say they are issuing 2-3 cents then you might see some sell off after XD, 0.25cts? Dont worry lah...

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I fully agree with u.

ronleech ( Date: 19-Aug-2009 07:59) Posted:

I dont think 0.25 cts div was significant to a $0.85 counter. the percentage was simply too low to take into consideration. Why would ppl vest for its div when the amount is less then even a click jump? Unless you say they are issuing 2-3 cents then you might see some sell off after XD, 0.25cts? Dont worry lah...

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Posted: 18-Aug-2009 10:55 Contact richtan * Quote this Post!

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* Alert Admin

Imo, Ausgroup is also forming cups with handle similar to Straits Asia (SAR), see my chart posting in SAR

Below is my chart analysis for sharing and exchange pointers.

My TA chart is posted to share n exchange pointers with those TA practitioner whom believes in TA.

If u are a TA detractor, plse just ignore n refrain from peeping at my chart posting n start

making unconstructive comments and plse do not be so childish or lunatic as to abuse the

rating system by rating it as "bad post", accumulating for yourself and your

next generation, "bad" karma for your "bad" deeds.

If u think it is a bad post, then be constructive and kindly post your TA for sharing.

This is only my view n I may be right or wrong, so dyodd and SOBAYOR.

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Congrats especially to those who followed my chart analysis and dared to buy since last Fri when it presents one of the best opportunity

when it bounced off the 15ema with tight stop-loss if it close below the 25ema or 65ema.