Latest Forum Topics / China Fishery Last:0.076 -- | Post Reply |
China Fishery - Low PE
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starlene
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15-Mar-2013 21:26
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U sure or not Halleluyah,U said U shorted ytday 14Mar when ChinaFish was 56-56.6-57 and U covered,how to make $$$,lijkley U incur losses after taking into account brokerage from both ways..the price U shorted cant be 58cts in the morning but by afternoon it went to 56-56.5cts I can remember vividly becoz I bought,,,bro u sure or not?
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halleluyah
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15-Mar-2013 18:11
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Was so tempting to short tdy bt i see hsi n ssec was doing well. Who knows hsi turning into red later. Infact, yesterday i shorted small n cover  near closing....fr kopi $.
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JMS213
Senior |
15-Mar-2013 16:22
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Thank you all Seniors for your sharing.  Halleluyah is right, " Dun wait till last dy incase BBs play funny." Just the other day I was lamenting that the stock is trading in a tight range and today it just gallop faster than I thought. If only ...... now I understand why people short the market. Just a wishful thought, please short the market so I can get in ..... Haha Come to think about it, shortists are very pro and cool, know when to do it. It takes a lot of courage and experience to be able to know how to execute it. Can't imagine shorting and the market shoot up, honestly don't know what to do ....   Kudos to those people who sell short. As for me, I better learn how to crawl which is long ... I like what Serialain  said " let's pray there 's something cooking in the corporate boardrooms to have a major boomz soon"   Huat Ah !!! |
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Blanchard
Senior |
15-Mar-2013 15:00
Yells: "Winners cry..... Losers smile....." |
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Maybe over time... there might be interested parties attracted  by China Fish's leading operational platform and market position... who knows? Just a mental indulgence... |
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starlene
Elite |
15-Mar-2013 14:44
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I love ChinaFish..bough a lot in 2007 at 60cts and above  and wow after the stock split it shot past $1,20 the price I sold and it even soared to $2.50,listed in 2006 it even went past $3
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starlene
Elite |
15-Mar-2013 14:32
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Grab yr ChinaFish b4 too late by Mon 18 U cant get at 59cts..hve been picking these few days from 56-59cts..rights 34cts after ex theoetical price,say 59cts (59+34/)/2=46.5 will likley close > 50cts..wait for 3 mths willcross> 80cts again typical of this counter
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serialain
Member |
15-Mar-2013 14:03
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oh look, after lunch time, price suddenly boost to 0.59, could it be happening already? haha | |||||
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halleluyah
Elite |
15-Mar-2013 14:03
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Must b the last 2 dys shortist covered their position as china n hsi rebounded. Also US gd reports supporting the market sentiments. 
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serialain
Member |
15-Mar-2013 14:01
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Haha dude your thinking aloud thoughts are funny, chill out for a bit! I am just a noob myself and my opinion may not give you the reassurance you need but this is my read. What starlene is saying is nearer to the deadline aka XR date, for people to buy shares with the rights issue attached, there will be a flurry of investor activity to buy this stock in order to get the rights issue (based on starlene's previous observations of this stocks activity). This represents an opportunity to sell if you want to make a small profit. However typically after XR date, most stock prices will tend to drop because there will be a dilution of shares, hence EPS will decrease. This is why I think there are people taking short positions on this stock. How much this stock will drop no one knows, but one can predict using theory. Assuming the price is $0.58, it should drop to about $0.46 [(0.58+0.34)/2].   Assuming you took the rights issue, if stocks drops to about $0.50, you will also make money because the average price you bought the share would be lower than that. So you can also sell once you can trade your rights issued stocks.  So then we have this issue of the acquisition, for me I am hoping it will take place, and the offer ends somewhere in April if I am not wrong. Because if it does happen, the price will shoot up like crazy as it is a good deal for China Fishery. Then we can all huat together. If it doesn't, the company's coffers will be boosted, one of the issues with China Fishery is its poor liquidity, so in that case there may be a return of investor confidence, as well as market coverage from the M & A deal, and long term price will also increase. Either way we win because we bought at a low price. In short, don't worry about the swing traders, and the shortists, have confidence in your analysis, and lets pray there's something cooking in the corporate boardrooms to have a major boomz soon!   P.S: please correct me if anything I said is wrong as I am still learning too!  |
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JMS213
Senior |
15-Mar-2013 13:31
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Gosh ... it is indeed hollow and weak. There many trying to short the stock, man cannot understand their logic. Sorry I am just a novice, looking at the situation, it behooves me. This is definitely a good company to park my money. What do you think Seniors | |||||
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JMS213
Senior |
15-Mar-2013 12:59
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Why would anyone wants to short the market when it is so near to ex-right ? Halleluyah. Sorry, is it true that Short Position will be covered on the 20 March 2013 ? I'm trying to understand the length and breadth of this market, how is behave ? With knowledge from you, Seniors I hope I am doing the right thing. Cheers Like I said I am not selling for sure, if it goes down further I will buy more to keep.  |
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JMS213
Senior |
15-Mar-2013 12:31
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Starlene is right.  Can you imagine, it must have been careful planning by China Fish to acquire Copeinca,  Peru's No. 2 fish exporter to be the World Largest Fish Exporter. Either which way is good for CF buying a undervalued and profitable company. Mostly importantly the company is sound,  " The credit agency Fitch Ratings has affirmed its BB- rating on China Fishery Group and removed it from its negative rating watch, saying no major deterioration or improvement is expected in the next 12 months. The decision reflects Fitch’s assessment that China Fishery –  the fishing subsidiary of Pacific Andes International Holdings –  ”is not likely to suffer imminent substantial losses in its contract supply operations in Russia”, said Fitch." Look  like I will keep the stock for good. Thanks to all the seniors Kam sia,  
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JMS213
Senior |
15-Mar-2013 10:13
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Could it be the wall for CF sell is really hollow. It appears that the past few days there is no short sell trades because most of them are keeping for rights. If that being the case then the sell wall is hollow or weak. But again if I'm a buyer why would i want to push the price up ... makes no sense. Maybe to cater for the fall when it ex rights. Man ... this is complex .... urgh .... whatever I am in the queue right now, naturally I prefer it to fall ..... hehe     |
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JMS213
Senior |
15-Mar-2013 09:15
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Halleluyah, Check SGX " Marking of sell orders" for the first time, seeing short sellers. Does that mean anything ? Huh ... if this can help to know the pattern that is building up ..... just thinking aloud ..... |
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halleluyah
Elite |
15-Mar-2013 00:15
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Bro u r welcome. I dun deserve to hold tis rank as my knowledge is nt up to tt standard. I earn it thru chit chatting....haha. Left 4 dys, guess the lowest it will b 0.55. Dun wait till last dy incase BBs play funny. I'll scoop some 0.555 if can't get 0.55. Aredi gt some 0.56 yesterdy.
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JMS213
Senior |
14-Mar-2013 22:15
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Veteran Halleluyah,  Thank you. No wonder, your title is veteran. Did not know it is so interesting .... ok. Keep some bullets when the price is nearer to ex-right.  |
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halleluyah
Elite |
14-Mar-2013 15:30
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It is normal trading within a narrow range fr cr period. Never buy when it is just announce, fr sure will drop further towards the end. Tats why some ppl/bbs know b4 hand n they'll dump first. 
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JMS213
Senior |
14-Mar-2013 14:12
Yells: "Just living is not enough. One must have sunshine, freedom !" |
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Can somebody please explain, it seems to me that players are wanting to keep the price within a range of $0.565-0.57, Why ? Yesterday, I thought .... I have missed the boat, bought some at $0.56 but today the price just creeped up a little ... wondering should I increase my stake? Any kind soul, what is happening ?  | |||||
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serialain
Member |
14-Mar-2013 12:34
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Haha sama sama, Im also waiting to cash out my STX-OSV by then. Glad quite a few folks are waiting on this sleeping stock to leap and bound
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chuayc1985
Member |
14-Mar-2013 12:23
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I am waiting to cash out on STX OSV before 21st March to buy more on China Fishery. I also following Starlene. Cheers |
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