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China Sport
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richtan
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02-Jul-2009 21:23
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Actually, I intended to just keep quiet n let him/her burnt asshole but decided to post to forewarn gullible newbies being an innocent victim. n follw shorting.
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dealer0168
Elite |
02-Jul-2009 21:13
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So easy want 0.16 than 0.16 meh. There are many BB around............ not only one. Ya btw RichTan, so that means 0.125 (that Bintang mentioned) is the worst that it will fall before picking up?
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dealer0168
Elite |
02-Jul-2009 21:11
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If Dow continue to drop more tonight, i thk all counter will drop tomorrow. Emm seems like lots of negative news fr this baby huh. 
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richtan
Supreme |
02-Jul-2009 21:10
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neither yesterday nor today did it touch 0.16?? Actually, I initially had no intention of doing a TA on CSI as this is a TA detractor's baby n a nemesis of TA but as he/she is so intense in druming up with buy calls with intense one-liners n criticising TA, I feel compelled to do justice to TA practitioner, I finally decided to do a chart analysis, hope fellow TA practitioners can exchange pointers with me n correct me any mistakes.
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fartist
Member |
02-Jul-2009 20:34
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I guess i'll wait till the 2nd quarter results is out before i make a decision, thanks all. |
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richtan
Supreme |
02-Jul-2009 20:26
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Dyodd
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richtan
Supreme |
02-Jul-2009 20:25
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Alligator n Bintang, I have the same negative views of China Sports, thus why I dun touch this stock, I dun see any good buy sign to convince me to buy but seems someone is heavily committed into this stock, intensely promoting an druming up with very frequent one-liners putting more forumers off n stay away from it with a ten-foot pole.
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newtothis
Veteran |
02-Jul-2009 20:22
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naaa if this burger really cross 0.135 we gonna switch side and short this burger below 0.10 cents. We gonna make his rights issue a fail
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Alligator
Veteran |
02-Jul-2009 20:20
Yells: "learning from past " |
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I looked at the chart, i have the same comment like Bintang. the chart showed its is going down further i hope buyers come in quickily to buy up. |
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fartist
Member |
02-Jul-2009 20:20
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Okay so they're raising money again when they're alraedy holding on to so much money? Doesn't make much sense to me. And how does having a ceo with 33% rights make it a plus point? Thanks. | ||||
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Bintang
Elite |
02-Jul-2009 20:13
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China Sports 's chart looks so ugly ,both the daily n weekly GMMA longer term had already crossed the shorter term , this indicates that the trend is still weak . the down side target is at 12.5 cents now . | ||||
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newtothis
Veteran |
02-Jul-2009 20:09
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give you some simple example 1) Chartered (CSM) Rights 0.07 cents -- Its share price was used to be $0.18 - 0.22 2) China Energy Rights 0.13 cents -- Its share price was 0.22-0.25 Ask yourself this question you are trying to raise money :) if your share price and rights issue are the same does it look attractive ? Why buy rights ? when you can get it from open market ? Sigh .... it doesnt take a rocket scientist to know that China Sports will rocket up to 0.22 in near term.
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fartist
Member |
02-Jul-2009 20:03
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Okay could you kindly explain to me how does the ceo having a huge percentage of the rights would push the share up in near term? I feel that when it offers the rights at 10cents, won't the price of the stock drop till around 10cents + during that time? Thanks.
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newtothis
Veteran |
02-Jul-2009 19:57
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its for expansion. Look at the CEO are getting like 33% of the rights issue. It is not that the company dont have money but it is a positive move that will push the share price up in near term.
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fartist
Member |
02-Jul-2009 19:38
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Hello there! I just find something alittle fishy knowing that chinasports right now is holding on to alot of cash but they're also going to issue rights soon. Something don't seem quite right to me, could either be they have no cash at all or like what dbsv said it's for tax planning purposes. Hmm opinions anyone? |
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newtothis
Veteran |
02-Jul-2009 18:57
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We have to monitor 15 counters today. | ||||
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dealer0168
Elite |
02-Jul-2009 18:11
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RichTan n China HX investor , btw china HX is potential as well. Hope both counter investor will benefits fr investing. NewtoTHIS, WORK hard fr yr favourite counter. Don't run around other counter, very tired loh, cheers. Like yr determination, n confident in yr own counter. Good, I like to see confident people. Cheers. Hope all of us Huat n happy forever | ||||
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dealer0168
Elite |
02-Jul-2009 17:48
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Ooo, I thk it will be better each individual write forums at their own invested counter. Come on come on........ THERE IS NO FOREVER ENEMIES LOH. BTW WOW IT IS 0.14 NOW. newtoTHIS WHAT HAPPEN? ???, Anyway intend to keep long fr this one temporarily . This counter should ramp up when 2nd qtr result announced. | ||||
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niuyear
Supreme |
02-Jul-2009 16:53
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The professional decided on the closing whereas, the traders decide on the opening. Someone has shared this phrase with me but, i dont quite understand it. Now, looks like this situation explains the above phrase.
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newtothis
Veteran |
02-Jul-2009 16:49
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pressure is always on the closing. | ||||
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