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SYNEAR - PUNT OR INVEST!
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soloman
Master |
29-Sep-2007 18:19
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Thanks Idesa168 - I always appreciate very much - different viewpoints What I meant actually is that there could be BB out there who are taking opportunity at the 3rd qtr window dressing together to push up so that they can let go big time All the best to you |
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idesa168
Elite |
29-Sep-2007 16:16
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oh soloman, you are so negative about it...hehehe...! The announcement was made yesterday that SYNEAR will be included into UPCOMING 4 funds. Yes, the fund wun be investing into SYNEAR until later next month I guess. But the euphoria is surrounding this news of inclusion and the BB was basically capitalising it and take position first before the fund comes in, if they ever. So now the bet is FOWARD thinking. I will trade with caution with your advise if I predicted wrongly. Cheers and thanks. |
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soloman
Master |
29-Sep-2007 09:47
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This is a clever scheme - cleverly started at last minute of qtr window dressing They probably exited at the high and let the others hold the baby on Friday Read Asiaone - fund have not even started yet, or raise cash even, not to mentioned investing here Must say pretty clever idea and timing Come Monday - correction starts For sure I will clear my holdings now given this chance |
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soloman
Master |
29-Sep-2007 09:15
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Sorry lah ! The fund still has alot of work to do The have not even started rasising funds to buy stocks yet Have to wait for some time first even before they come to S'Pore, i.e if they really do come They go to HK first - only next year I think Monday I take some profit first lah |
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idesa168
Elite |
29-Sep-2007 02:01
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CWQuah Totally agree with your advise, trade within your means. Those who are unable to stomach the volatility, my suggestion is play small or stay sideline. We are afterall not totally out of the woods on the credit crunch and mortgage loan woes, hence mkt will be very sensitive to the slightest uncomfortable news. As for me, I am putting my $$ on what I believe (short term). I dun usually short, too short a time frame to benefit from the trade as we need to cover position on the very day. I have taken a SMALL new position today on short term buying on what I believe Monday's trading will be. Entry at $2.02, no intention to keep long as I have my bulk in SYNEAR at 1.63/1.68 (long term). It's a small position that will not hurt my portfolio. |
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CWQuah
Master |
29-Sep-2007 01:24
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Idesa168, I agree with your valuable comments too. When it comes to periods of market sentiment upheavals, FA and TA will sometimes be totally inaccurate (see 17 Aug 07 - even solid bluechips were dumped in panic). The effects of the last big candlestick will reverberate for some time to come given the huge money flow and volume involved (42.8M traded today, which is the highest volume traded since Jan 07, rest of the time the volume fluctuates between 5 - 10M). The BBs will also need some time to take profit too. To other readers of our posts, pls do trade with care on this counter if you intend to do so. If the volatility is too much for your risk appetite it is perfectly ok to remain unvested. I'm personally not vested at this point, except for this (or rather yesterday) morning when I realised it was hitting a historical resistance and just tried a small shortsell - extremely risky. Nevertheless, the fundamentals of this company still offers good future investment opportunities - frozen dumplings have a place in the homes (and stomachs :-P) of the increasingly urbanised Chinese population. |
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idesa168
Elite |
29-Sep-2007 01:03
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Hi CWQuah Thanks for the insight of your view on Synear. We are merely opening up for discussion on POSSIBILITIES. Our guess, or calculation may not be what the mkt eventually will react on Monday. I do noted about the exhaustion gaps for the last 2 sessions. The first gap was indeed an exhaustion gap. However the 2nd one, which is this morning, may not be an exhaustion gap. It's due to the good news of inclusion to China Index. The euphoria of such great news will naturally create aggressive buying and thus left a gap there. If you have noted, the body of today's candlestick is long and bullish, which in such instance, "normally" the chart will not visit the last gap again in later days. This kind of pattern can be seen on events like announcement of sterling set of quarterly results, M&A, new huge contract, etc. I personally sees that this Index news belong to this group. 2nd point that I feel there will be another leg up is based on human mindset. Todays' surge started with the BB whom they usually got the news before the retail investor do. I do rem asking ard why the surge but got no answer even at 11am. Hence retail investors got to know the news, earliest is about 3 hours later. There are many retail investors not as lucky as me who sits in office and always on the lookout for latest news. These group of people will either get the news in the evening, tonight, or tomorrow's paper. For them to react to such news will be on Monday. That's why I think SYNEAR will have another leg up, mainly from retail investors, hence predicted the UP may not be as like today of 30 cents. I may sound very optimistic about this event, but i am keeping my mind open and not trap in such euphoria. I will still trade with caution...I hope all will. |
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CWQuah
Master |
29-Sep-2007 00:30
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I would beg to offer a less optimistic view on Synear at this point in time, not trying to shoot down the stock. My considerations are as follows: 1. There is a key resistance around S$2.10 - this may be one reason why the spike today peaked at 2.11. If we look at the previous peaks, there are a few more around 2.14, 2.18, 2.19, 2.2 and 2.3. Sentiments must be far better than today plus a lot of other positive newsflow for Synear to continue its advance. 2. At this point Synear IMHO will be a bit exhausted considering its DOUBLE GAP UP in the last 3 trading sessions. It has advanced from 1.62 till today's 2.07 in only 3 days, gapping by 2c, then by 7c. 3. Amazingly Synear penetrated the 20, 50 and 200 ma consecutively in the last 2 sessions. Not many stocks can do this - unless the price has been the same level for the last 200 days heheh. Thus I opine that the upside will be limited in the short term. Of course, the bullish sentiments may just lay waste to my calculations of Synear's shortterm potential, I may be wrong. Trade with extreme care, Synear is known to be pretty volatile (ranged 1.63 to 2.1 at least 3 times since Feb 07 i.e. around 7 mths) |
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idesa168
Elite |
28-Sep-2007 20:06
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Price for last 2 years, SYNEAR had been ranging from about 1.80 to 2.00. Now with the new entry to the Chinese Index, SYNEAR is definitely worth more than 2.20, at least. The recent price depression was due to mkt sentiment on credit crunch as well as the spike of pork price. Now looks like both problems are more or less subsided/played down, SYNEAR is heading back to that range again. Looking at the chart, hunting ard for some tell tale signs of reversal/negative sighting, I see nothing but all indicators pointing UP and still furious in the charge. With today's breadth, I feel that Monday will be another UP day, not as strong as today, but probably 8¢-12¢. This will bring SYNEAR to about $2.15-$2.20 before considating for higher. If I am wrong about the surge and SYNEAR's price on Monday not surpassing today's high at 2.11, I guess the party is over. If SYNEAR do another 30¢ surge, wah we will see bright future going forward....which I hope so...lol! Have a good weekend ahead. |
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idesa168
Elite |
28-Sep-2007 19:14
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Is everyone happy with today's performance. I guess no one will complain about. Now after run up day, I looked at the chart again, to "predict"..hehehe...the NEXT trading day. PREDICT only, not a sure thing. I predicted yesterday that today will go up by only 7¢ and it shot up 30¢. Maybe my predict is ok but bcos of the new entry to the China Index that SYNEAR cheong pass my prediction...lol...trying to console myself for my wrong...anyway I had forgiven myself...lol! I think no one will blame me today right. |
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idesa168
Elite |
28-Sep-2007 16:28
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marko32m@yahoo.com.sg |
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techsys
Master |
28-Sep-2007 16:00
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synear 5.00 .. I hope so idesa. ha ha. Btw, I'm also long term investor ... I won't do contra means only investing by cash . Don't want to risk by short term trading. Do you like to join research with me .. think it's better we do it out of context :D have email :D |
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idesa168
Elite |
28-Sep-2007 15:32
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How about thinking SYNEAR being a $5.00 stock...anyone have objection...hehehe...toking nonsense here. |
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idesa168
Elite |
28-Sep-2007 15:15
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I prefer PIG related stock...hehehe...SYNEAR & PFOOD! |
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techsys
Master |
28-Sep-2007 14:59
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China Milk is one of milk producer in china. Look at their portfolio .. you will see beautiful cow waiting in front .. ha ha ha I love cow ... love their sound, smell and their attitute .. (hard worker and gentle, even tough they are strong). That's why let's go China Milk ... hah aha |
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techsys
Master |
28-Sep-2007 14:55
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Hi idesa, my basic stock trading is get in when no body notices. That's time price of the stock is usually very low. if others start to touch it ... you won't have chance to get the profit. When a counter is being surrounded, that's the time we play squishing. That's time to bet your luck. Like play 4D or TOTO. In this turn, depend on the number of player. Only have 1 or 2 chances to gain at that time. |
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idesa168
Elite |
28-Sep-2007 14:51
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Is China Milk doing Bull's sperm production...hehehe!!! The name got no relation to the biz...lol. |
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techsys
Master |
28-Sep-2007 14:46
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One of my fave ... ChinaMilk he he he ... |
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idesa168
Elite |
28-Sep-2007 14:34
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The reason for today's surge:SYNEAR is included in the Chinese PrimePartners Index....0307 GMT [Dow Jones] Synear Food (Z75.SG) +13.6% at S$2.01 on heavy volume, breaching S$2 for first time since early August, as investors bet interest in stock will increase after being picked for inclusion in PrimePartners China Index. Another stock to be included, China Hongxing Sports (BR9.SG), also sharply higher, +11.5% at S$1.07. But gains in 2 other stocks also joining index, Yanlord (Z25.SG) and China Aviation Oil (G92.SG), less robust. Yanlord +2.3% at S$3.50, CAO +1.2% at S$2.45. Yanlord investors may be cautious on concerns developer's residential projects could be affected by possible China measures to curb property speculation and inflation, while CAO investors possibly awaiting sustained turnaround after jet fuel supplier's fallout few years ago from accounting scandal. The 4 stocks will replace China Merchants (C22.SG), China Paper (C71.SG), CHT Holdings (C36.SG), United Envirotech (U19.SG). Changes effective Oct. 1. (FKH) |
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idesa168
Elite |
28-Sep-2007 13:44
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Hi techsys...I am on the lookout for good fundamental counter to diversify too. If you dun mind, let us know which counter you are eye, and myabe we can discuss and dig info together. I am currently laying my eyes on SPC and PFood. SPC had run out without me, as for PFood, there is still opportunity for me to accumulate. How do you see it? Let's share info. |
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