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Fellowship of the Shares
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elfinchilde
Elite |
12-Jun-2007 17:52
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niama...jerome, dare to ask the elf to pay up...i get my puppy to bite you then you know..... muahahhahaha. ok knocking off work soon. had a lousy day at office man. gonna go tiffany's or alcoholing. kaoz. |
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j3r0m3
Veteran |
12-Jun-2007 17:43
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hee, think i must start to collect royalties... the fish analogy is mine... now all pay up..... |
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elfinchilde
Elite |
12-Jun-2007 17:36
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no prob rayzor. :) as ipunter wisely pointed out, dif ppl have dif needs, so they have to trade differently. pick the style that best suits you/create your own style. that's the best way to be successful longterm investor. :) scotty, my godpa is happily in aussieland counting his moolah in both ASD and S$, on his porch watching the sunset and river in front and mountain behind. siggghhghhhhhhh. :P |
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rayzor
Member |
12-Jun-2007 17:26
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tks elfin!! cheers |
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elfinchilde
Elite |
12-Jun-2007 17:17
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hm. just for the sake of forumers here, perhaps better clarify: vic is a pure FA kinda guy. he'll dig up dirty, grubby ol' kantangs from heaven-knows-where, and buy them in and sit in for months. that's how he can double or more his investments each time. Perhaps at breakout point, he'll do some fast punts, but primarily, he's a buy and hold kinda guy. elf trade by a mass of methods, i simply follow what the market dictates. now's a trending market and a trending market for pennies, so i'm in them. note however that some of the pennies i took position in months ago already. sometimes i scalp trades, but entirely depends on the charts (and what my job allows). But basically, i don't do contra. rayphua on the other hand is a contra-ist's dream. and not a dry one. :P momentum trading mainly. so more likely than not for the T+5. note that i never guarantee that i'm accurate 100%, nor do call myself a guru/expert etc. i believe neither of my bros do, either. it's always caveat emptor; as an investor, you must always make up your own mind. which is why on our part, we're more keen that ppl learn to fish rather than just ask for fishes. think wealth growing, ppl, something for a lifetime, not brief feasts. |
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elfinchilde
Elite |
12-Jun-2007 17:06
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yep ipunter, thanks for that bit of advice. :) rayzor, traditionally, det breakout via bollingers, c/o and/or a/d up, price range bound. because c/o leads a/d, so a classic buy signal is when price is stagnant/down, a/d still down or dithering, c/o up, bollies tight. you can look at price momentum too. and candlesticks. hgm is showing this pic. c/o very strongly up for past days. vols getting higher each day too. bollies prob best signal of breakout. but note that bollies can mean breakout downward too: the other signals tell you up or down. MA and MAx are lag indicators, so you'd not normally catch a breakout on these signs. if you prefer pure charting, look for the W formation (perhaps ipunter and other chartists could better elaborate here?): a higher low, higher high and sustained break above the previous peak on increased vols denotes breakout likely. the breakout pt for hgm is actually 47.5c: primarily because the control is here. witness the 2000 lots queuing to sell at that px. Not ready to run yet. |
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rayphua
Member |
12-Jun-2007 16:41
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Elfin, HG Metal...not vested yet. Still accumulation mode. |
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rogue_trader
Master |
12-Jun-2007 16:33
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thanks choohian, yup i passed.. |
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choohian
Senior |
12-Jun-2007 16:31
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Ya RT, how was your exam? Hope everything ok. |
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rogue_trader
Master |
12-Jun-2007 15:46
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jerome, finally mastered the ultra speed wind liao dat y no sound.. hahaha |
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j3r0m3
Veteran |
12-Jun-2007 15:44
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RT, wah, you so fast til these few days no sound at all ar? |
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rogue_trader
Master |
12-Jun-2007 15:39
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shijiez, alamak, your sentence will going to cost my job dearly if ever the IT dept uncover the WIND behind this nick... heng auh, i too fast to be caught, hahaha |
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rayzor
Member |
12-Jun-2007 15:17
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hi elfin, usually how do u determine a break out?? volume,MA,MACD,RSI or triangle?base on wat i hv in my chart, break out point is 0.46(of cos with large vol). Is it rite?? thks cheers |
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scotty
Senior |
12-Jun-2007 15:12
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Where's geojam? |
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iPunter
Supreme |
12-Jun-2007 15:08
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Sometimes, eg. if a counter is on a uptrend, |
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elfinchilde
Elite |
12-Jun-2007 14:41
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hm ok. elf foresees a possible swarming of ppl on hgmetals, now that vic and ray have cfmed that they've bought it too. reposting what i posted on the hg thread here. note current data shows 2000 lots plus selling at 47.5c. they're depressing the counter now. perhaps the BBs not ready for breakout yet; alt early buyers cashing in. no access to busd so can't tell. caveat emptor -------- erm, ppl, please please DON'T just jump in 'cos you see vic, ray and my name 'supporting' the counter! do carry out due diligence. eg, even when vic told me abt the counter, i still checked up the AR, announcements AND the TA before deciding a buy. and note that our trading styles are very different ah. unless i'm far mistaken, rayphua is likely to scalp this counter at breakout. i'm having a wait and see attitude. if the breakout appears sustained to me, i might keep the stock. its FA is solid. believe vic is on same thoughts with me abt this (not sure tho, check with him). note, i don't like to give buy/sell details, but in case of swarming, just fyi: my vested px: 46.5 Am putting a stop loss at ~43.5. it's not the upside that is impt, it's the stop loss. |
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elfinchilde
Elite |
12-Jun-2007 12:13
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ahahhaha! choohian, if i can have an SJ grandmama, why not? :P *hugs to you* :P ok, gotta go now, see ya! |
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elfinchilde
Elite |
12-Jun-2007 12:09
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hi sporeguy, the drop on feb 5th was due to exercise of warrants into shares. techwise, HG is ready for breakout, that's for sure. FA-wise, details as follows: 1) HG metals is in the steel industry. namely, construction, ship building and ship repair. manufacturing as well. but the 1st three are the current boom industries. 2) there's been active conversion by parties from loan agreemnt/buying on open market into shares. 3) The new indep director appointed, samuel hon, used to be senior exec VP of institutional banking in UOB. they appear to me to be professionalising their co. 4) financial details as follows: cash flow (from quarterly results, 331/307 cf to 31/3/06, in S$'000): 18,190 cf to 12,170. Recorded an increase of 23% in returns, 214,041 from 173,129. PAT increased, 7,790 cf to 4,609. Liabilities have went down, net current assets up, 80,567 cf 53,706. (31 mar 07 vs 31 sept 06). Debt has significantly decreased. NAV is 29.47 vs previous 32.94c. note however that this apparent decrease in NAV is not due to a decrease in earnings, but an increase in share float: 262mil cf to 176mil previously. PAT has in fact went up by 67%. The diluted EPS, perhaps a fairer gauge: 3.77 cf to 2.63. Gearing has reduced from 2.02 to 1.38 currently, cf period is FYE to 31/3 1st Q. shareholders funds significantly increased. currently holding 77.3mil cf to 58mil as at 30/9/06. note: all figures taken from their AR. do check to confirm them tho, in the event i made a type error. :P but all in all, looks quite solid FA to me. techs good too. wld you be able to calculate a wave target for this baby? |
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shijiez
Member |
12-Jun-2007 11:22
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ay...but but....wat's ur true ans to the qns? izzit juz because u are "jaded in engineering"? or u think that finance where your passion and interest lie? is so..how bout juz saying the truth...like.."I feel its time to pursue my real interest and passion..my personal commitments are not weighing down on me as much anymore..and i'm rdy to put in everything i have...and with my keen interest+ knowledge..i'm pretty certain i can excel in this field." something along this line? cos i think its not rite to put down ur old occupation/ industry in an interview... |
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Sporeguy
Elite |
12-Jun-2007 11:20
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Hi Elfin, Why was there a sharp drop for HG Metal ? Was it due to bonus share ? What are HG Metal's business ? Thanks |
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