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Unisteel
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idesa168
Elite |
17-Jul-2007 13:03
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Thanks Easton Bay. It's a poket game. When fund manager wishes to sell, they will buy in at large quantity creating euphoria in the mkt. And when there are enough buyers for their large quantity, they let go all they have bought + their own holding that they intended to sell, letting the last fool to hold the baby. Likewise for the other way round. What I see is that they are FM not into the business. Why would they want to dump the share of a stable earning company? For one reason, they want to create pessimism in the mkt and collect them later. I am sure there is a reason why Unisteel reject the MOU with JC Metal. I will be vested soon! Cheers. | |||||||||||||||||||||||||||||||||||
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KiLrOy
Master |
17-Jul-2007 12:22
Yells: "I buy only what I can see." |
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Good stuff EastonBay!\ | |||||||||||||||||||||||||||||||||||
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nickyng
Supreme |
17-Jul-2007 11:03
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precisely this kinda of BBs dumping creates opportunities for SHORTING gains..and perhaps LONG TERM non-contra GAINS as well ? hee.....either can make $$ hapi liao leh :) |
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EastonBay
Master |
17-Jul-2007 10:29
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Just checked again. In fact CGC started disposing end June from owning 13% then to 9.12% now(52million shares to 36.6million shares now).
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EastonBay
Master |
17-Jul-2007 10:22
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ideasa168, I think the slide started when a major investor/fund house reduced their holding. They sold over 7 million shares in the open market. It kinda sending -ve signal to retail investors and thus pushing px down.. as follows:
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KiLrOy
Master |
17-Jul-2007 09:42
Yells: "I buy only what I can see." |
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ideasa168, there is no other news except the MOU termination with JC Metal I know of. I agree, it could be overly stressed. | |||||||||||||||||||||||||||||||||||
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nickyng
Supreme |
17-Jul-2007 09:00
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aya..well looks like some BBs trying to "short" low to collect more for future gain ???? hee.... | |||||||||||||||||||||||||||||||||||
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idesa168
Elite |
16-Jul-2007 22:37
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Hi Kilroy. I am looking at this counter as well. Earning quite consistent. Any idea why drop so much. Is it bcos of the drop out deal with JC Metal that the mkt punish them. If so, then it is overdone. I am keen in this counter too. | |||||||||||||||||||||||||||||||||||
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nickyng
Supreme |
16-Jul-2007 21:57
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hee..this burger let me SHORT until seow ! hee...i hope tomor mkt cont'd the south trend...hee...hmm..funny..SGX report several Director exercising share options siah....dun tell me they are joining in my FUN as well ?!?!??! |
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KiLrOy
Master |
16-Jul-2007 20:20
Yells: "I buy only what I can see." |
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Dont stop! Go down to the fullest extend so that we can buy it at a great discount. I personnally think this is a good company - a regional leader in its niche area of percision engineering manufacturing. Will wait for the buy signal when the trend reversed (SG stock market sux! Can only buy LONG. Have to short cover on the same day). Our very own former Chief of Defense Force Lt-Gen (Ret) Ng Jui Ping is also the Director of Unisteel. |
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nickyng
Supreme |
16-Jul-2007 16:05
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haha...well...i hope that is true..so i can SHORT and make $$ now...until low enuff to collect and contra off ??? hee.. |
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EastonBay
Master |
16-Jul-2007 15:45
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oh oh..going down further.. ahhh... nicky.. pls stop!!!
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2006haydenc
Member |
16-Jul-2007 14:40
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Majority of speculators seems to be shorting this counter. Pls take care. Once result is out, things might be different, Do not always go with the crowd. This is what happened in financial crisis. When overall mkt is bull, do not ride on the bear. Relying too much on TA is not a safe bet. Those in contra pls be cautious. This counter is a bargain. |
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nickyng
Supreme |
16-Jul-2007 13:31
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wow...really? 1.60?? hee...wah...if that is true..wat are u waiting for? hee....SHORT !! :) |
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KiLrOy
Master |
16-Jul-2007 12:49
Yells: "I buy only what I can see." |
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more room to extend southward. The southward trend is still strong. Are we looking at a 'fail to meet profit tgt expection' for this coming result annoucement? Anyone? next support level is @ 1.60. |
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nickyng
Supreme |
16-Jul-2007 11:52
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hee..my radar currently locked to unisteel now..hee..wow..new low daily :) definitely worth the SHORT ! :) hee... | |||||||||||||||||||||||||||||||||||
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bocelli
Member |
14-Jul-2007 22:17
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hi any recommendation from brothers here on what to do as I have this counter ? |
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rickytan
Veteran |
14-Jul-2007 19:41
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Hi nickyng, is Osim in your rador screen as well :) | |||||||||||||||||||||||||||||||||||
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nickyng
Supreme |
14-Jul-2007 19:36
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oh really?? chun or not ur statement ??? hee...shall wait n see :) | |||||||||||||||||||||||||||||||||||
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KiLrOy
Master |
13-Jul-2007 23:16
Yells: "I buy only what I can see." |
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Its on a down trend war path so its your play nicky. :) | |||||||||||||||||||||||||||||||||||
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