Latest Forum Topics / AusGroup Last:0.009 -- | Post Reply |
AUSGROUP: 1H09 revenue up 28.8% to reach A$260.5 m
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richtan
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23-Aug-2009 23:57
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Hi richman, Many thanks for your compliments. But remember, TA is not infallible, the mkt may prove me wrong and naysayers will seize the opportunity to pounce on me, but never mind, I m just human, to err is human as I m no saints with super-natural divine powers., so dyodd n BOSAYOR. Jmo, should the price of Ausgroup starts shooting up tomoro, do not be to eager-beaver to take peanuts profits. As a trader, I always remember my 3 golden mantras (pardon me for keep harping about these 3 golden mantras but the more I keep harping and reminding myself, the better will be my trading), one of which is: "Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses
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richtan
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23-Aug-2009 23:47
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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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Richman
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23-Aug-2009 23:43
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Very good analytical skill. Like No Others. |
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richtan
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23-Aug-2009 23:42
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Noted tat the bollinger band had constricted and now the upper band had turned upwards, so probably expect an explosive move in the direction of the trend, imo, upwards but I may also be wrong, so dyodd n BOSAYOR | ||||
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richtan
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23-Aug-2009 23:35
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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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bennykusman
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22-Aug-2009 23:58
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i think just stop this talking and continue back to our ausgroup topic... traders need all of u experience guys to share.. and eventually the decisions are solely in traders hands..
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richtan
Supreme |
22-Aug-2009 23:50
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Glad u out this matter to rest but really, we are humans, not robots, so nobody can control anybody nor do I wish to control anybody as I m not tyrannical,. We can only advice, to accept the advice or not is up to the other party whether he/she is open-minded n receptive but I do hope tat u take a leaf out of all those analyst tactful way of reporting, cautious with their choice of words, frankly it is for your own good.
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534hjb1
Member |
22-Aug-2009 23:44
Yells: "Learn Unlearn Relearn" |
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Hi Star Trader, Pls remain to contribute in this forum, it has been enriching to hear from all you guys/veterans/seniors! You are right too to say that we ar mature enough to make our own decisions but most important is hear out each other's reasonings. Just my opinion, cos I am a newbie..and have been following this forum's postings. Have made some investments, not necessary giving good profits but not blaming anyone of course..there's alot to learn still. But am grateful for whatever advice and lessons from seniors like Richtan, Cheongwee... | ||||
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star-trader
Senior |
22-Aug-2009 23:32
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Okie, I take your apology. Well, I always aware that the TA is short,mid and long term analysis.. but notice that i was saying was.. "....but what I am posting is TA short term outlook.." Anyway, is okay... rgds, star-trader.. |
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richtan
Supreme |
22-Aug-2009 22:59
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I m not attacking you (if u perceived it as an attack or my phrasing is not tactful enuf, my apology) but recognise the fact tat everyone has the right to post a reply on their views, if your mind is closed n not receptive to feedback, then let the matter rest, case closed, no point tit for tat rebutting, no end to it. Yes, we are mature enough to do own decisions but are u observant when reading analysts report and agree tat, they are always extremely careful in their choice of words, using words like "probably", "may", "might" bcos they know tat nothing is guaranteed. I beg to differ, TA is not solely just for short-term outlook, it too encompass mid-term as well as long-term view.
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star-trader
Senior |
22-Aug-2009 22:43
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Well, i think choice of words like you mentioned, is nobody can control anybody..thus at the first place, you should not have done attack on anyone posting with their own views or choice of words. Yup, MIDAS's FA is good, but what I am posting is TA short term outlook (which what the TA should be doing), so if you vested and dun agree with me, that's should be fine.. but the TA Analysis should be interest to others who wants to know what happening on short-term movement and as I literally mentioned, all of you should be mature enough to do own decisions.. rgds, star-trader...
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tedlim_me
Senior |
22-Aug-2009 22:08
Yells: "there is no equity in the equity markets" |
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all rights peps.. despite the differences, we're here to share knowledge and make friends.. do check out the news eh.. From The Edge:- OCBC Investment Research in an Aug 19 research report says: "AusGroup Ltd reported a 19.2% y-o-y and 18.7% q-o-q increase in 4Q09 revenue to A$118 million. Profit after tax meanwhile rose 21.6% y-o-y and 67.5% q-o-q to A$6.9 million. For the full-year, revenue grew 26% to A$478.2 million, while net profit rose 52% to A$21.9 million. "4Q09 earnings beat our (conservative) expectations significantly and also beat management guidance given at 3Q results. The company booked a A$4.1 million impairment on Cactus over 2H09. AusGroup's balance sheet was in a net-cash position as of June 30. Current order book stands at A$403 million. We believe 2H10 and FY2011, especially, will present a very different picture of the company. The current share price values AusGroup at 11.6x FY2010F and 8.5x FY2011F earnings. We peg our valuation to 14x FY2010F earnings (previously 11x FY2010F) or 10x FY2011F earnings. Our revised fair value estimate is 70 cents (previously 51 cents). UPGRADE TO BUY." |
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richtan
Supreme |
22-Aug-2009 21:58
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Hi star-trader, We must agree to disagree, I have my right to reply to disagree with your choice of words but ultimately, nobody can control anybody, u r free to post your views and use wat words u want, likewise, I m free to voice and reply my view on it. I m very open-minded n consider all views but I too have the right to reply if imo, i find the choice of words used is inappropriate. If u u are observant when reading analysts report, u will notice tat they are not egoistic, always extremely careful to use words like "probably", "may", "might" bcos they know tat nothing is guaranteed. Yes, I m vested but tat does not mean I m afraid that it will go reversal trend for MIDAS though my chart interpretation shows in the mid to long term it is uptrend but short-term it may encounter correction but there is no guarantee tat trends won't change but as long as the trend have not changed, the trend is your friend. I dun fall in love with any stocks n hold till kingdom comes, the moment i spotted any reversal, I will exit. I m not afraid that it will go reversal trend as making and cutting losses is part n parcel of trading, thus why I always remember by heart n abide by the 3 mantras I learnt from TA books: (1) Remember, the trend is your friend, never, never go against the trend, we need to know the short-term, mid-term n long term trend n trade accordingly (2) Plan your trade n trade your plan, which means we need to analyse the chart for buying opportunities (TA skills needed, though not infallible) n set out stop-loss point b4 enter a trade (3) Cut losses short n let profit runs with trailing stops, we need to let profit runs as much as it can to cover all the losses made n yet make net gains. When we hit the cut-loss, never be emotional, be mechanical, immediately exit n never regret even if
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star-trader
Senior |
22-Aug-2009 20:47
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Hi RichTan, I am fully aware that TA is an art, not a science.. thats why you notice that when i posted on AusGroup, i will update after i posted on reversal trend that it will be on uptrend the next day due to market behaviour if there is indication which I believe it is to be followed as well.. And I said, my "will" is purely my own way of putting things and I don't think I need to be "controlled" by anyone to get me to use any words in order to support your way it should be.. After you put tat replied on this "will" word thinggy, I always ponder if are you afraid that it will go reversal trend for MIDAS as your research is always uptrend? As you are vested? But as I mentioned, everyone is adult enough to make their own decision but not purely on the words that I used , so you do not need to be so agitated by the word someone using... When in terms of the post that I have replied, whether I am humble, whether I am ego... I think what I wanted to proof is I am not just making any posts just for the "kick" of it or just for the "fun" of it.. My post is all with due diligence done on my part, but again, you may not need to follow what I am posted as said. I just wanna to give assist who appreciated my TA analysis, and I don't gain anything from that from you all... So, to say that my ego is there as pride comes b4 a fall, I won't make any comments on this.. rgds, star-trader...
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richtan
Supreme |
22-Aug-2009 17:44
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Hi star-trader, I m sorry if u feel offended by my reply. I fully appreciate your sharing but the bone of contention is using such words as "will", "sure". We agree to disagree, feel free to disagree but minus such strong words like "will" as we are mere mortals without tat super-natural divine powers. My point is, the modal "will" means "definitely", "sure to happen", but TA is an art, not a science n as I always said not infalible. The use of the word "may", "probably", "might" would have been more appropriate for "meaning is going to happen from what i see/feel" Yes, u may be right many times, but tat des not mean u will be 100% right every time, so be humble, do not let your ego gets the better of u as pride comes b4 a fall.
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Bintang
Elite |
22-Aug-2009 14:05
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Hi equator 2010 , I appreciate your constructive opinions too , in this forum , we must not post baseless comments to mislead other forumers, who are new investors or inexperince newbies , they cannot afford to make a loss or holding shares for a longer period . So to post responsible n helpful comments are more encouragable , we must too support the good comments with good rating n agree to opposite points of view . In Midas ' case , it attracts many opinions either right or wrong , nobody knows until the trend ends . So take it easy n keep fun going on . Do you agree ?
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Bintang
Elite |
22-Aug-2009 13:36
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Hi,
You can go to the following website, sign up to download EOD for metastock.
www.shareking.com
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Kensonic77
Veteran |
22-Aug-2009 13:20
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Hi Bintang, I understand you are using MetaStock. May I know how to update EOD if let say I buy the software from other country Thanks in advance.
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equator2010
Senior |
22-Aug-2009 12:17
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I also want to add that I appreciate star-trader's very constructive input, along with richtan's and Bintang's analyses. I find star-trader's counter-group comments insightful because with due respect to other veterans here, they may not always be right. There is this phenomenon known as 'groupthink" (where everybody is so agreeable with one another) that sometimes people agree on the same wrong thing. Therefore, I welcome opposing views, as long as they are supported with sound logic. E.g. I also don't think Midas will creep up, but as I have nothing to back it up, I just stay quiet. On the other hand, star-trader since you have valid reasons to support your idea, I would very much welcome you to post your thoughts/ views here. I believe the use of the modals (such as "will" etc) was an unintentional usage so let's just leave it at that and move forward, and let all of us learn from one another, encourage one another and prosper together. Star trader, richtan, Bintang and many of you other helpful forumners, keep up your great work.
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Bintang
Elite |
22-Aug-2009 11:09
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Hi star-trader , I write n speak broken English too , but I m still working very hard to improve my English . Especially in TA study , I 'd learnt alot from the forumers here , richtan is the one always teaches me the valuable knowledge n good analysis of charting . Staying here not only for learning but also making friends with so many nice guys around , so pls stay in this forum longer n u will know the truth .
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