Latest Forum Topics / COSCO SHP SG Last:0.134 -- | Post Reply |
CoscoCorp
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stockmarketmind
Master |
02-Aug-2011 12:11
Yells: "stockmarketmindgames" |
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wow! so many downgrades!
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rotijai
Supreme |
02-Aug-2011 12:04
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i prefer to punt at 1.435.. it keeps hitting 1.5 like how it hit 1.7 yesterday @_@
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Isolator
Supreme |
02-Aug-2011 12:04
Yells: "STI is hard landing to below 2000..." |
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If the 1.50 is the right support, there will be retracement upward, it may close some of the gap in next few day..... But it will  retest the 1.50 again after the retracement.... I will short when during the retracement... Now just  buying for the technical rebound.... |
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alexchia01
Elite |
02-Aug-2011 12:02
Yells: "Catch The Stars And Ride With Them" |
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I don't cover now because I don't know if there is going to be another round of sell down or not. The theory is that if there is going to be a sell down, price should hover near its low and not move above $1.55. If price move back above $1.55, it means that the sell down is most likely over and price would continue upwards to cover the gap. Please note that this is a general theory, it's not 100% accurate.
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Bintang
Elite |
02-Aug-2011 12:00
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Slowly it would go down to fill this gap .
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GuavaXF30
Master |
02-Aug-2011 11:56
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Totally agree with your reading. Well-done.
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s100125
Senior |
02-Aug-2011 11:55
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Many are downgrading Cosco , still have much room to go down further. Those who long take care! Cosco Corp – CIMB cut target price from $2.30 to $1.40, still based on 15x CY12 P/E, a 15% discount to Singapore rig-builders Cosco Corp – Credit Suisse maintain UNDERPERFORM rating and reduce target price to $1.20 from S$1.60 Cosco Corp – BNP Paribas lower its target price to $1.30, maintain reduce Cosco Corp - Citi Investment Research downgrade to Sell TP $1.50. EPS and Orderbook Momentum in Opposite Direction Cosco Corp – Nomura reiterate its Reduce rating with a price target of $1.53 Cosco Corp - Deutsche Bank downgrading to Sell with a target price of $1.25 Cosco Corp – BNP Paribas lower its target price to $1.30, maintain reduce |
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Noob79
Master |
02-Aug-2011 11:53
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Since after Feb.... just look at Indo,yangzijiang ,Yandlordand noble...they are the STI component index... It seem banking are the one that really rally to keep STI up...
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Isolator
Supreme |
02-Aug-2011 11:52
Yells: "STI is hard landing to below 2000..." |
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Cosco no longer suitable for long term investment as it will get lower and in  steep downtrend.... It is good for trading..... But price down go down straight, there will be a technical rebound....  Those who short at 1.8 will always have safety net on the big gap.... Sure to have profit.... Anyway, there will be a technical rebound..... |
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ruanlai
Master |
02-Aug-2011 11:51
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Going to test the $1.50 again....... Once break will send the price to $1.40 Very soon.................. | ||||
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GuavaXF30
Master |
02-Aug-2011 11:50
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Chief Alex, sorry to ask but does that not mean that you should buy back and cover now at 1.505 rather than wait till 1.55 ? Sorry, I'm goondu when it comes to these technicals.
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alexchia01
Elite |
02-Aug-2011 11:46
Yells: "Catch The Stars And Ride With Them" |
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There is no fixed rule in covering short. It all depends on your preference. Some people cover when their T.P. is meet. Some people cover when they feel price is overstretch. Some people cover on first instant of white candlestick. Some people cover on price pulling back over their trailing stop. Some people cover on reversal signal. For me, I would cover on my trailing stop which is set at $1.55 now.
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teeth53
Supreme |
02-Aug-2011 11:44
Yells: "don't learn through life, learn to grow with life " |
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Tomorrow may on quick rebound, oversold position today.
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eastcivic
Elite |
02-Aug-2011 11:40
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wow! good luck and all the best!
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wisann
Senior |
02-Aug-2011 11:31
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Sifu Alex, may I know roughly at what price will you cover your short?
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rotijai
Supreme |
02-Aug-2011 11:25
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hm.. i wonder later there will be another round of selling like ezra tat day..
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alexchia01
Elite |
02-Aug-2011 11:19
Yells: "Catch The Stars And Ride With Them" |
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I love CoscoCorp. Currently, my Best Short Counter. There could be a technical pull back to cover the gap in the next few days, but after that, CoscoCorp is going to continue its downtrend. Will Cover my Short on the pull back. |
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forgot2bme
Senior |
02-Aug-2011 11:14
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No matter what... One should always trade at your own risk... One loss doesn't mean you'll continue losing and one win doesn't mean you'll continue winning... It's all about keeping your losses short and letting your profits run... :) Congrats to those who have shorted! I agree it's a good trade and what awesome returns!!
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rotijai
Supreme |
02-Aug-2011 10:13
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master isolator, does tat mean the shipping industry will always lead the world's markets?
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wisann
Senior |
02-Aug-2011 10:11
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I agree :)   I salute the way you trade, bro. Have the guts and stick to what you believe, no matter what :)
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