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Lord of China Prop
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thomas_low
Veteran |
23-Aug-2009 00:58
Yells: "Gong Xi Money Made" |
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No point rushing into it when the chart is showing grizzly, go play rodeo with some other counters. It will drift below zero for a while until a few corrections of other stocks has taken place then rises again together with others. May hit 2.2 if timing the 2nd support with another SSE panic dumping. It will happen when people are all worry about the bubble despite many people saying it will not burst. If you want you can collect at 2.24-2.26 but need big big lot to make it worth while otherwise there are many stocks which deliver better returns.
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hp3000
Senior |
21-Aug-2009 22:28
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BEIJING : China's economy is expected to grow by 8.5 percent in the third quarter, a government think tank was quoted by state media as saying Friday, suggesting Beijing would maintain a loose monetary policy. The figure compares with the year-on-year 7.9 percent growth seen in the second quarter, as the government's 585-billion-dollar stimulus measures start to gain traction. The consumer price index, a main gauge of inflation, is forecast to fall by 1.3 percent year-on-year in the third quarter, the Xinhua news agency reported, citing the State Information Centre (SIC). The producer price index, which measures inflation at the wholesale level, is projected to drop 7.9 percent year-on-year, said the report. China's export-dependent economy was hit hard by the global financial crisis and growth slowed to 6.1 percent in the first quarter, the lowest quarterly rise in a decade. The think tank suggested Beijing stick to a moderately easy monetary policy in the second half of 2009 to assist economic development, Xinhua said. |
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hp3000
Senior |
21-Aug-2009 17:29
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SHANGHAI'S key stock index edged up in the morning session led by financial shares as they reported better-than-expected earnings for the first half. The benchmark Shanghai Composite Index rose 0.73 percent, or 21.16 points, to close at 2,932.74 points. Turnover was 73.7 billion yuan(US$10.8 billion). Gainers outnumbered losers 630 to 197 and 83 remained unchanged. The Shenzhen Composite Index, which tracks the smaller domestic market, rose 1.28 percent to close at 968.81 points. "The index is likely to move between 2,900 and 3,000 points today and it is too early to say the market has entered a rebounding period as investors may be eager to take profit," Guosen Securities wrote in a research note. Banks were among the gainers as an increase of new loans in the first half boosted their profits. Industrial & Commercial Bank of China (SSE:601398), the nation's biggest listed lender, said it posted a net income of 31.4 billion yuan for the first half on record credit growth and lower provisions for bad loans as the economy rebounded. The shares rose 2.32 percent to 4.86 yuan. Shenzhen Development Bank (SZSE:000001) said first half profit rose 7.8 percent year on year with higher income from fee-based services. Its shares rose 2.32 percent to 22.06 yuan. Shanghai Pudong Development Bank (SSE:600000) added 1.53 percent to 22.59 yuan. China Construction Bank (SSE:6019039) advanced 2.65 percent to close at 5.81 yuan. Bank of Communications (SSE:601328) edged up 0.54 percent to 9.24 yuan. Pacific Securities Co (SSE:601099) reported a first-half net profit of 206 million yuan compared with a year-earlier loss of 447 million yuan. The stock remained almost unchanged at 16.27 yuan. Property developers were also among the gainers. China Vanke Co (SZSE:000002), the biggest listed domestic real estate developer, added 0.80 percent to 11.37 yuan. Poly Real Estate Group (SSE:600048) advanced 2.24 percent to 25.15 yuan. China Merchants Property Development Co Ltd (SZSE:000024) jumped 2.24 percent to 25.15 yuan. |
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hp3000
Senior |
21-Aug-2009 17:27
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The rebound in the Chinese property market is sustainable and could see real estate investment increase by 30% in 2010, it is claimed. According to Fan Gang, an economist who advises the central bank, it is the real estate recovery that will become a driving force in a V-shaped economic recovery. 'China's property industry cannot only create great wealth but also form an important basis for sustainable economic growth,' he told a forum in south China. He also said that the Chinese government should not rush to withdraw its fiscal stimulus policies that are credited with helping the real estate revival. However, some other economists doubt that the property revival can be sustained. They see price bubbles forming in some markets, inflated by a lending frenzy in the first half of the year. But Jinsong Du, analyst with Credit Suisse said property prices will most likely continue to rise in coming months, mainly because of tight supply but the growth will slow when new units are released. 'We believe new supply will begin to increase again in September, which means the magnitude of the price increase will likely slow in the fourth quarter,' he explained. Some cautious home buyers have retreated to the sidelines amid concerns the government may tighten credit in the real-estate market and slow price growth in some cities, he added. And analysts at Nomura said that increases in supply of land through government auctions will moderate property price growth in coming months. 'We think the government wouldn't want to run the risk of over-tightening, which could derail the economic growth momentum,' Nomura said. Certainly developers are building more. The latest figures show that China's biggest listed property developer, Vanke, has increases its housing starts target for this year by 45% and rival Poly Real Estate said sales in the first half of this year rose 143% from a year earlier. On the ground, developers and construction firms, big and small, are trying to meet the new demand, and say that last years' downturn is now a distant memory. The economic importance of the property sector in China is hard to overstate. Investment in residential property accounted for about 10% of gross domestic product before the global economic downturn, roughly the same as the country's vaunted export factories. | |||
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ronleech
Master |
21-Aug-2009 15:50
Yells: "Believe in yourself. Ride with the waves......" |
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x 0
x 0 Alert Admin |
SSE stablized...this counter will bounce high anytime... | |||
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raymondho
Senior |
21-Aug-2009 12:41
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x 0
x 0 Alert Admin |
BB's lower boundary 2.24 as first support and Fibo 61.8% 2.22 as 2nd support. 30 min charts CCI down to -200 and daily+ chart -100, so short term may rebounce back. Q2.28 hope to get it as it may not go down any more. However, MACD is on down sign. |
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maxcty
Master |
21-Aug-2009 12:20
Yells: "always a learning day for me in trading" |
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x 0
x 0 Alert Admin |
this drop like crazy today...now 2.28 liao...think going down more..my view.. | |||
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thomas_low
Veteran |
21-Aug-2009 00:23
Yells: "Gong Xi Money Made" |
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x 0
x 0 Alert Admin |
MACD going below zero, hairy honey eater is out to cause mayhem. Trade with care. Wait for a week or 2 when the bleeding hive is empty of honey then come out to eat grass. S&B@OR | |||
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star-trader
Senior |
20-Aug-2009 22:03
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x 0
x 0 Alert Admin |
From the chart, momentum still not built up yet..Price will still hover between 2.30 to 2.40, no indication yet. SOBAYOR.. rgds, star-trader |
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hp3000
Senior |
20-Aug-2009 17:37
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x 0
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Good news coming .... get ready to rebound soon 
SHANGHAI'S key stock index rebounded from a two-month low in the morning trade and closed above 2,800 points as strong financial performance of listed companies in the first half lifted market confidence. The benchmark Shanghai Composite Index added 2.10 percent, or 58.47 points, to close at 2,844.05 points. Turnover was 60.5 billion yuan(US$8.9 billion). Gainers outnumbered losers 692 to 166 and 52 remained unchanged. The Shenzhen Composite Index, which tracks the smaller domestic market, rose 1.02 percent to close at 930.69 points. Haitong Securities (SSE:600837), the country's second-biggest listed brokerage, said profit in the first half rose 22 percent as equities hiked over the period. The stock added 2.71 percent to 14.41 yuan. ZTE Corp (SZSE:000063) said its first half profit rose 41 percent as it gained orders from Chinese telecommunication operators for high-speed mobile phone networks. Its shares advanced 1.91 percent to 33.53 yuan. Banks were among the gainers after Shanghai Securities News today cited an unnamed source saying that China may issue 500 billion yuan of new loans in August, more than 356 billion yuan worth of credit extended in July. Industrial & Commercial Bank of China (SSE:601398), the nation's biggest lender, rose 1.30 percent to 4.66 yuan. Shanghai Pudong Development Bank (SSE:600000) added 1.50 percent to 21.66 yuan. China Construction Bank (SSE:601939) was up 1.46 percent at 5.57 yuan. Bank of Communications (SSE:601328) was grew 1.14 percent to 8.90 yuan. Crude oil for September delivery rose 4.7 percent to US$72.4 per barrel at New York yesterday. PetroChina (SSE:601857), the country's largest oil producer and biggest heavyweight in the market, advanced 3.77 percent to 13.48 yuan. China Petroleum & Chemical Corp (SSE:600028), Asia's largest refiner and also known as Sinopec, rose 1.98 percent to 12.88 yuan. |
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hp3000
Senior |
20-Aug-2009 10:19
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x 0
x 0 Alert Admin |
this burger up liao ....
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star-trader
Senior |
19-Aug-2009 20:00
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x 0
x 0 Alert Admin |
From chart analysis, the next support level should be 2.24-2.26. Rebound could happen anytime from this price range if momentum/volume is there.. and also got to see the indicator at the end of the trading day when it hits that price range if can "lock in".. If the support price range is broken, then reverse trend will happen... SOBAYOR.. rgds, star-traders.. |
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buylist
Senior |
19-Aug-2009 17:43
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x 0
x 0 Alert Admin |
There are many contra players for this counter and now they have to clear position and plus SSE coming doery wn hard over the past 2 week, it is very risk to play this counter. Wait for it to go below $2 and at that point, worth consider again. | |||
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ronleech
Master |
19-Aug-2009 07:56
Yells: "Believe in yourself. Ride with the waves......" |
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x 0
x 0 Alert Admin |
I dont see the same way as you. Mostly ppl speculate this counter. Many got caught from the sell off last week (from peak 2.89 - 2.32) and ppl are either trying to cut lose and many time due, that is why ppl throw. From the buying UP vol, if SSE was green again (most likely as their c. bank end their tighthening), this counter will most faster then many othere....cant be the situation buy 1K dump 10K but end of the day still profited 11cts....More upside to come, target for me 1 week 2.7 | |||
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thomas_low
Veteran |
19-Aug-2009 02:44
Yells: "Gong Xi Money Made" |
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x 0
x 0 Alert Admin |
Try to monitor this see whetehr more people buying up or more people selling down, yesterday 18th I saw many shares are up but mainly selling down more than buying up, so is likely to be pump and dump. Just be careful, plenty of opportunity to make. Dont rush. Buy up 1K sell down 10K etc.. Long you can almost say you can long any stock, need to focus how long you want to keep and what is your opportunity cost. | |||
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hp3000
Senior |
18-Aug-2009 20:16
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x 0
x 0 Alert Admin |
US and china economic will still carry on growing. Base on the pass experience they will no make the same mistake again from history. Let the effort of recovery put into waste. Inview of channel new asia china finance weekly last night. It report china property will carry on growing but no as fast as 1st half of 2009. China governmnet had put in some measure and rule to prevent bubble. It will maintance minimum 9% of grow this years. This share still having the potiential. It was among top 30 vol in the morning and afternoon. So still alots of people eyeing on it. Today was among the top 30 gainer. Too bad that yesterday was the top 30 loser hehe.... But must have confidence on it.
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thomas_low
Veteran |
17-Aug-2009 17:44
Yells: "Gong Xi Money Made" |
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x 1
x 0 Alert Admin |
When I posted the chart (free and not complex), it is already saying something to me, dont be greedy, dont be emotional and trade with trend, dont try to beat the market, just go with the flow but buy at good TA signals. Only buy counters that has good FA (pre-requisite). Otherwise you are a gambler rather than an investor. That is the difference. No need to be expert in charting just google a few TA sites and you will see it is as hard as ABC. The difficult thing is emotion, greed and stubborn....human weakness. |
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MsAloevera
Member |
17-Aug-2009 15:33
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x 0
x 0 Alert Admin |
I did have major regrets not following early warning signals from big drop of SSEC since 3500 levels to 3300.. now I am in trouble... Bad Money Management for me... Lesson learnt... but abit too expensive or even deadly for a new trader like myself..
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3110029
Member |
17-Aug-2009 15:25
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x 0
x 0 Alert Admin |
Thank you Ms Aloevera and limkt009. I thought I have missed some news. | |||
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LongSM
Member |
17-Aug-2009 15:25
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x 0
x 0 Alert Admin |
I think it is because of the big correction of SSE. Most of the china related share are dropping. Midas is another one. Take care. |
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