Hey dealer0168

Thanks !!!....will look in more details.....

Hi Bintang

Thanks for the info. Beside using RSI for overbought or oversold indication. I use it to detect divergence (not that good). MACD and MACD histogram are my primary indicator (so far so sign of negative divergence) but my main interest is Elliott wave analysis.

Hi Bintang

Sorry have your name type wrongly.

Just inspect the RSI indicator. If the indicator maintains its position. A positive divergence is noted. 

Not an inducement to trade...

Based on the current issued and paid-up share capital of HK$26,948,000. comprising 673,700,000 Shares, with an issue price of S$0.10 for each Rights Share and assuming that the Rights Issue is fully subscribed, the Company expects to raise approximately S$16.2 million in net proceeds from the Rights Issue (after deducting expenses of approximately S$0.6 million). The net proceeds from the Rights Issue will be used for future expansion and general working capital purposes of which a majority will be

 

injected as capital into the Company’s wholly-owned subsidiary in China, Yeli Sports (China) Co., Ltd (“Yeli China”). Yeli China is a wholly-owned foreign entity and would be entitled to tax exemption subject to capital contribution being completed. Yeli China will use the injected capital for upgrading and expansion of distribution network, advertising and promotional expenses.

 

Actually this baby financially is ok. And according to the news, the RIGHTs thing is mean for their expansion. If view positively, can be vest. (My opinion)

Read from below:

Andrew      ( Date: 01-Jul-2009 14:57) Posted: NTA = 27Scts.   Cash = 712M RMB.  Short term debt = 39M RMB. Wonder why they need raise cash at 10cts per share ?? If correct for the rights effect....the 15cts stock become 14cts.... dealer0168      ( Date: 01-Jul-2009 14:34) Posted: good, keep up the good work newtothis. PUSH it up. In actual this China Sport is quite a not bad company also lah. Can vest in it.

Hi Bitang,

Can post the updated chart regarding ADX.

Not likely to touch 13 cents. (wave characteristic unless some contra players exiting).

Unlikely to touch 16 cents as well, buy presure is not strong....

NTA = 27Scts.   Cash = 712M RMB.  Short term debt = 39M RMB.

Wonder why they need raise cash at 10cts per share ??

If correct for the rights effect....the 15cts stock become 14cts....

dealer0168      ( Date: 01-Jul-2009 14:34) Posted: good, keep up the good work newtothis. PUSH it up. In actual this China Sport is quite a not bad company also lah. Can vest in it.

even if what you say is true, i doubt it'll touch .16 today due to the lacklustre performance of the dow and the direction-less STI. 

Maybe tomorrow.