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Yong nam
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mirage
Veteran |
06-Dec-2006 11:33
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Investors buy YongNam for the up and coming construction projects like IR, BFC, etc, I think if price drops further to 10 cts, can pick up more, by January or February 2007 price may increase to 20 cts. I am vested. We should sell when investors are buying and buy when investors are selling. !!!!!!!!!! |
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jackjames
Elite |
06-Dec-2006 10:54
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guys becareful, Yongnam director throw 5 millions shares and 4 millions warrants .... those people are holding at 0.125 above, better be cautious.. |
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cr_kai
Senior |
06-Dec-2006 10:47
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i'm not as technically inclined as you, but if that's the case, why did the shares still go up the pass few days? |
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DanielXX
Member |
06-Dec-2006 10:02
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People are very selective in the information they disclose. Yongnam was IPOed in 1999 at 36 cents, but the outstanding shares were about 170M then. Today, Yongnam's outstanding shares total about 700M, and that is excluding the warrants which are now deep in the money. When Yongnam was listed, it was trading at close to its NTA. Today it is trading at 20X NTA. You tell me if it is a good investment? |
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cr_kai
Senior |
06-Dec-2006 10:00
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For now, guess most of the contra players are taking profits. when the price drops more, they will come back again. hahaha. just my guess. |
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IreneL
Senior |
06-Dec-2006 09:53
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Best of luck to all who are invested in this counter. For me, I am Qu'ing to buy BBR at 0.95. And like cr_kai, will hold it for the long term depending on its price movements, if I get in. |
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NewS&S13
Member |
06-Dec-2006 09:44
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my very 1st posting, i too vested in Yongnam (only after it flys past 10cents). been rising for days, so now is consolidating its position before flying past 15 cents. Be patient and be rewarded. |
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bulbideal
Member |
06-Dec-2006 09:41
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This stock no prob at all compare to its IPO price 0.36, its a far cry at current price. i even have huge volumes @ 0.14. keke... Current, its flushing those punter out. Looking at the volumes exchange. Real investor, in fact is hold up and point HIGH. Maybe 0.25-0.30? (which is still way below IPO price) The potential is so big, Singapore IR and projects ramp up including current new MRT project. OH YES, not to forget our friends in Middle East projects..... Need more to say the upward rooms? kekeke.... Up and Down is part of trading, be patient. Let those punter flush out. |
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cr_kai
Senior |
06-Dec-2006 08:58
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Hi Irene, Totally agreed on what you said. But I'm an investor, not a punter so I will keep this stock even if it dips. No worries...... Go for the long term. As with any stocks, the price will go up and down. So relax......if its good. |
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singaporegal
Supreme |
06-Dec-2006 08:41
Yells: "Female TA nut" |
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Hi rogue_trader, I don't see much convergence in the charts. If you're referring to the price action yesterday, there was a small dip in the Acc/Dist charts. But its only just 1 day and not much cause for worry. If this happens over the next few days consistently, then I would say there's a cause for worry. Hope this clarifies |
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IreneL
Senior |
06-Dec-2006 08:33
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Hi cr_kai kinghtrider is right in that once you are comfortable with the money your particular share makes, get out and dont regret later when it zooms even further north. One of my friends has this saying - let others make some money as well. When I used the analogy of you becoming a millionaire pretty soon - the "pretty soon" can take 1 year, 2 years, etc. So good luck to you becoming a millionaire in that sense. |
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cheongsl
Master |
06-Dec-2006 06:59
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What goes up will come down, but when is it no one knows, that depend on when there is the sudden drop which signal the declined. Where panic buyer start to sell, where shortest join in the short. Maybe the next day, annoucement indicated that it have secure the construction for IR then turn again, it is very difficult to say in stock market. It is the human emotional machine. |
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rogue_trader
Master |
06-Dec-2006 00:46
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Hi singaporegal, there is convergence spotted with A/D Lines, why strong uptrend? |
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singaporegal
Supreme |
05-Dec-2006 20:44
Yells: "Female TA nut" |
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On very strong uptrend |
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knightrider
Elite |
05-Dec-2006 17:33
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I really do not know, if I can know, I am god. Just be careful, even Mr. Tan also sold 5 million in a earlier price already, he also don't know. Who can predict ? No one will know but in this game, sure there is some win and there is another who lost. My advice and rule of the thumb, if you are comfortable and make profit, just go and get out and don't look back. If anything happen later, don't blame anyone, it is your own discreet decision. Good Luck for those who make profits. |
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cr_kai
Senior |
05-Dec-2006 17:31
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errr...when i mentioned 6.25 million shares, it's just an example to Ms Irene who joked about being a millionaire by investing in this stock. then i just gave an example by calculating out how to earn $1 million. relax... |
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knightrider
Elite |
05-Dec-2006 17:26
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1 to 2 million is no problem and if your trading limit is approved, then obviously, you are the group of those high level trader and they trust that you can pick up the stock after the T+3 days due. Here, just now you are talking about 6.2million at one go, not much calibre can allow to do this unless there is news of force sale or force buy back or internal directors sell or buy, and they need to disclose within 3 days ! Take care.... not so simple one. |
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cr_kai
Senior |
05-Dec-2006 17:23
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of course we know this....but why you keep harping on it? are you thinking that someone is manipulating this stock? but the fact is that, most of the construction stocks are in play.......CSC, Koh Bros, BBR, HiapHoe, etc. Relax...... |
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knightrider
Elite |
05-Dec-2006 17:19
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That is why I say not so simple. Each of our trading accounts has set a trading limit, if you sell short too often in big volume, your trading house will start to query you as they are being queried by SGX when market closed and the figured not tally, even if it tally, so what. They will mark in their radar screen, why this account always sell short, he or she could be having some insider news ! On the other hand, if you buy in big volume, and exceed your daily limit, your trading house will also known. We are small investors, unless you are some big shots that you need to pledge your assets for colloboration, then you can trade at S$250k in a single stock, then your news will be announced on the SGX daily announcement ! Take care. |
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cr_kai
Senior |
05-Dec-2006 17:13
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so desu....don't worry, of course i do not have this kind of money! but over the last few days, there are 1 mil and 2 mil shares buy up and sell down too. will they be investigated? most of the news on yongnam can be found on the net or their website. just do more research and invest well. |
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