Latest Forum Topics / Sinostar Pec Last:0.159 +0.013 | Post Reply |
Will it be a Superstar?
|
|
787180
Master |
21-Oct-2007 21:22
|
x 0
x 0 Alert Admin |
thanks avenger for yr reply... sept 26 ,Counter traded btw 55 to 59.5 and after 4 trading days counter rose on 1 Oct to 62...65..68..70..72 to 80and by 4 Oct onward Sinostar has never remained below 80cts and traded to a high of 98.5cts.Only last week it broke down 90cts to close at 84cts on fri 19 Oct....will be picking up should it hit between 60 to 68cts tomorrow due to panic selling. Recalled bought Epure 72 to 78cts and Sino-Environ about 90cts to $1.00 during May 2006 corrections and hold till they were $2.40 b4 taking profit..my personal opinion as long as co has good potential with strong shareholders and profit >RMB 100,000(ab S$ 20mil ) it is worth holding the China counters..will be picking up more Sinostars shd it drop to target prices as counter is likley to benefit from higher crude oil prices which will be translated into higher petrochemical supplies both downstream and upstream |
Useful To Me Not Useful To Me | |
avenger
Member |
21-Oct-2007 19:12
|
x 0
x 0 Alert Admin |
787180 - The last course I attended the trainer also said only 1% made $$$. Doesn't matter how much as long as we know very few make it, let us all do our best to be in the minority group. Thanks for your advice. Agree with you that Sinostar will not drop that much as the underwriter and shareholders can only sell after 6mths (next yr April i believe) so they will definitely support the share price. If not for uni-asia saga, it should stay above 90c last week. My suggestion is to cut if you have no bullets for the "great sale". Market should be weak with margin calls and force-selling. Perhaps will go up a little end of the month (window dressing). I will monitor STI if very oversold then I will go in buy good stocks like those you mentioned. They will be the first to rebound. No worries all, what goes up will come down and vice-versa. Important to buy good stocks. Some rubbish counters go down for good. (Will only go up a little as laggard stocks once in a blue moon). |
Useful To Me Not Useful To Me | |
|
|
Pension
Elite |
21-Oct-2007 15:02
|
x 0
x 0 Alert Admin |
this stock had uptrend very high, will drop on monday. |
Useful To Me Not Useful To Me | |
DonSoh
Member |
21-Oct-2007 11:29
|
x 0
x 0 Alert Admin |
Hi, But feel that my holding price for SINOSTAR is pretty high side...... Any comment? |
Useful To Me Not Useful To Me | |
henrytan
Member |
21-Oct-2007 06:57
|
x 0
x 0 Alert Admin |
Simply I believe we should not sell Sinostar when Fed meeting around the corner. Fed may cut rates for another round then market will pick up again. In fact, the crash of last Friday is partly due to susperstition belief that the big crash in 1987 will repeat again. There is a psychological factor that contributed to the whole issue. China fund may also come in any time to buy up the S-Share. And some of the good company like Microsoft will reporting result this week. Really no hurry in selling. Should look to buy more when it is cheap. Fundamentally, China won't die so fast. Many years back, we have being talking about China property being a bubble, there is no bubble burst after all. Even China stock market is going to droped 10% in one day, my friend in China will tell you:"Stock prices have gone up more than 100% this year, drop 10% is nothing." It is only that we at the outside think that they are going to be affected but honestly they are not affected. I believe we anyhow dump share we will benefit the shortist. Hold firmly what you have and buy more when it is cheap. |
Useful To Me Not Useful To Me | |
|
|
DonSoh
Member |
20-Oct-2007 23:33
|
x 0
x 0 Alert Admin |
Hi 787180 R u talking abt sinostar unlikely to drop below 65cts? Currently I am still holding at 88cts and 94cts. Looking at DJ's drop on Friday, do you think is it advisable to sell off on Monday first and to buy in at a lower price later on? ....... Really worry........after this drop dono whether will it climb up fast again..... |
Useful To Me Not Useful To Me | |
787180
Master |
20-Oct-2007 19:13
|
x 0
x 0 Alert Admin |
Listed on sept 26..within a month underwriter still may support this counter to prevent drastic fall..unlikely to drop below 65cts |
Useful To Me Not Useful To Me | |
ilovebull
Member |
20-Oct-2007 14:36
|
x 0
x 0 Alert Admin |
Hi 787180, What is a good entry price for Yangzhijiang ? |
Useful To Me Not Useful To Me | |
|
|
787180
Master |
20-Oct-2007 14:06
|
x 0
x 0 Alert Admin |
reply to avenger..95% lose $$$ only the smart 5% made from these 95%..zero sum game..fear,greed,emotions all come into play....good chance to short(Uniasia,etc) or load up gd stocks..eg Cosco,DBS,Yangzijiang,etc...but maybe not on first day wait for 2 to 3 days where there is bloodbath compounded by margin call..nowadays with CFDs many shortists are at work..but if mkt recovers they may be caught too...trade with care |
Useful To Me Not Useful To Me | |
avenger
Member |
20-Oct-2007 13:58
|
x 0
x 0 Alert Admin |
mazimaz10, it's difficult to explain within the forum space. There are so many concepts and approaches you can look at. I would advise you to borrow some books from the library on technical analysis of the stock market and you will have a better idea or enrol for courses. You can go to SGX website to check out. I am still learning myself. Trading in the stock market is no child's play as the market is a very unpredictable place. What makes it worse is our fear and greed. You either win little or lose alot. Before you step in the market ask yourself how much you can afford to lose and not how much you want to make in the market. If you can't afford to lose then better to stay out. I have lots tens of thousands throughout the years, still haven't yet recovered my losses! This is how I got my user id name. According to survey out of 100% who enter the market ,only 1% make profits. So better do your own homework and don't trade blindly based on tips and rumours. |
Useful To Me Not Useful To Me | |
787180
Master |
20-Oct-2007 13:45
|
x 0
x 0 Alert Admin |
|
Useful To Me Not Useful To Me | |
mazimaz10
Senior |
19-Oct-2007 17:34
|
x 0
x 0 Alert Admin |
Hi avenger, actually i'm new in this line maybe can advise how to translate the chart. tks. |
Useful To Me Not Useful To Me | |
|
|
787180
Master |
19-Oct-2007 17:29
|
x 0
x 0 Alert Admin |
well done drop only 0.05cts only.....80cts level not tested at all safe |
Useful To Me Not Useful To Me | |
ghlau935
Veteran |
19-Oct-2007 16:06
|
x 0
x 0 Alert Admin |
Buy more more |
Useful To Me Not Useful To Me | |
787180
Master |
19-Oct-2007 16:04
|
x 0
x 0 Alert Admin |
Holding well consider STI drop>90 points Sino drop 3 points..as long as hold 80cts and > is ok |
Useful To Me Not Useful To Me | |
avenger
Member |
19-Oct-2007 12:46
|
x 0
x 0 Alert Admin |
Market now volatile and uncertain because of US market plus reporting season and FED cut or no cut decision end of month. If Dow keeps correcting so will our STI which will further drag down sentiment. (Can slowly nibble. If buying for long term don't have to worry up or down unless you playing contra. Already warned against playing contra.) Holding some and will buy till I see clearer signals. Go see chart looks bearish, Williams' %R still high. If correct more will be more attractive to collect but you will never know if it will correct more. |
Useful To Me Not Useful To Me | |
ericsim
Senior |
19-Oct-2007 11:48
|
x 0
x 0 Alert Admin |
hi guys, what is your call? - pick somemore or hold - vested at 0.90 |
Useful To Me Not Useful To Me | |
avenger
Member |
19-Oct-2007 11:01
|
x 0
x 0 Alert Admin |
Must watch Dow carefully, reporting season now. Today could just be a technical rebound. As long as the price keeps breaking new low there will be force-selling for contra players everyday until the price turns up. Currently chart looks bearish, still on the downtrend. Go read Yahoo! Finance daily. Lots of bearish talk there which will drag overall market. So be careful when collecting stocks, never on contra. You will never know how much Sinostar will correct. All depends on the market sentiment now. |
Useful To Me Not Useful To Me | |
ljkeong
Senior |
19-Oct-2007 10:53
|
x 0
x 0 Alert Admin |
Another good sign is that index drops more than 50 points but sinostar price still remain firm. |
Useful To Me Not Useful To Me | |
787180
Master |
19-Oct-2007 10:38
|
x 0
x 0 Alert Admin |
Good to collect as these 2 days are temporary weakness as many who bought 94 to 98cts are unable to pick up..the down is on low volume..healthy sign onlt the contra or weak holders throw out when 90cts was broken..creeping up already at 85.5-86cts |
Useful To Me Not Useful To Me |