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China Kangda Food IPO
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knightrider
Elite |
10-Oct-2006 11:14
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Hi, I am out, just sold my lots at 0.635 done. Congratulate to those who believe in me and make the profits. Good Day! By the way, the bomb testing seems no impact here, maybe we are a tiny red-dots and it may miss us if it aim lousy and hopefully it suay suay hit Malaysia if it really test strike the bomb !!! (Just joking) |
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knightrider
Elite |
10-Oct-2006 10:28
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Well done, up, up, up and it is now 0.64 er !!! |
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knightrider
Elite |
10-Oct-2006 09:52
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Now seems like going up to 0.62 liao ! |
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lkw1974
Member |
10-Oct-2006 00:18
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hopefully toml can see 68cts, also auspicious... hahah .. hope moscow ppl eat as much rabbit as china ppl... sounds cruel tho |
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chipchip66
Master |
09-Oct-2006 17:49
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68788k done today. Very auspicious!!! |
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knightrider
Elite |
09-Oct-2006 15:44
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Yap, u can say that, I totally agreed. This is all faith and they select a wrong day to test the bomb too, should test in announce interest rate day then will see more drop. Today's drop is like "not 3 not 4" kind of feeling. I heard that Nikkie is in red but fall how much, I do not know the figure. Now this counter is down to 0.595 liao, not even at predicted support level of 0.6. Take care. |
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lkw1974
Member |
09-Oct-2006 15:42
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ya man, some more on the "C" page.... shortsell effect also... but good for knightrider to share..big boys big play.... lil retailer plays small, share share |
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scotty
Senior |
09-Oct-2006 15:21
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kangda a little "suay" today... IPO on a day when got nuclear bomb test. |
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knightrider
Elite |
09-Oct-2006 14:54
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Hi ChipChip66, Please do not compliment, I just try my best and hope everyone make profit. Remember at times, I also cannot make decision and do not follow on charts and info, then turn seeking advises from this forum. Thus, I also listen to advise from you and some others before I make my final decision to buy AsiaPharm and later sold off and make some profit. You take care and good luck. |
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chipchip66
Master |
09-Oct-2006 14:46
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hi knightrider, you are really good at short covering. I salute you for being decisive in trading. Cheerz! |
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knightrider
Elite |
09-Oct-2006 14:42
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Hi HiKitty, No big deal, no need to apologise, we all are here to share what we think is relevant. My point is : Here, we share our view and learn from anyone. I do not feel offended, thus no need to put in heart. I just want to share what I got from NetResearch with everyone, after all, I already pay the preimum reports to NetResearch. I just pay another premium report to NetResearch regarding the new IPO PlastoForm. It seems that this is a undemanding stock and the subscribe hit rate is high. The reports content seems encourage to subscribe and the success is high hit rate. The PE ratio is attractive with IPO at 0.23. The target 1st day trading is 0.28 to 0.35 since the business prospect is just doing speakers and not a fantastic business. Take care and Good Luck.. |
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chipchip66
Master |
09-Oct-2006 14:24
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Chinaconda slithering downwards! retailers taking profit?? |
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lkw1974
Member |
09-Oct-2006 14:23
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its always hard to know e worth.... the worth will be known in a longer term.... shd be a china play, end up korean started playing... even the so call "manipulator" is played out... anyway listing at 46cts was a calculated move... no one is alwaz rite, not even the analyst.. look at chemoil... over px...utlimately, mkt forces come in... at the same time, profit taking set in tis week... i guess we can only see kangda worth next week or so.... my view only |
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hikitty
Master |
09-Oct-2006 14:22
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Many thanks for being caring and sharing. Pse accept my sincere apologies if any distress has been caused to Knightrider. Was just advising caution. |
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knightrider
Elite |
09-Oct-2006 12:28
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Hi, It is not say the stock worth 60c, as compare with the other forzen food stock like People Food and Synear etc when compare in the results as PE and other factors etc, thus it is worth looking at 60c (From NetResearch premium report), I need to pay for their subscription and thus share with the rest. If what you say that a company's stock is worth 0.60c then why it list at 0.46, it make no sense and no logic at all. I can say, in fact, all stocks are not worth the actual trading prices only some minority one. But that is the beauty of share trading, if you believe it will worth 60c in the future or prospect and if you dare and you go into it to collect them and invest in it. Then make profit. That's it short and simple. Therefore, it is at each individual's responsible, even the NetResearch has a lot of disclaimer when you read their report. Good luck and take care. |
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hikitty
Master |
09-Oct-2006 11:34
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Without a broad based rally and the market being very cash strapped (and suffering from IPO indigestion and diarrhoea), can't blame the stags for taking profit (or taking flight) at the first sign of profit this morning. The manipulators themselves will start selling down when they can no long afford to hold any stock at high prices. They don't have an unlimited cash hoard each. They each need to rotate their cash hoard. Once they start selling down, beware. Sorry for offending those Manipulators among forum participants by exposing "you can't teach the old horse any new trick" If the stock is really worth 60 cents, why didn't the company list it at 46cents. Think about that! |
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knightrider
Elite |
09-Oct-2006 10:56
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Hi, Thks for the info. I short at 0.62 and buy back at 0.595. Buy in more at 0.595 just down to hold, thus if your reasoning is accurate, that means I need to get out now. Thks again. Good Luck to all who make profit in this 1st day trading. |
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hikitty
Master |
09-Oct-2006 10:42
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If the selling down at the opening was real, the contra long players who bought during the dip thinking it was due to short selling will have to unload. Without enough short covering momentum, allantanhc may be right that it may not hold at 60cts. |
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allantanhc
Veteran |
09-Oct-2006 10:10
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There are more sellers than buyers so far. Support at $0.60 looks unsafe. |
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knightrider
Elite |
09-Oct-2006 09:44
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Hi, Based on NetResearch's report, this IPO should support and worth invest at S$0.6 for the 1st day as compare to Synear and some other counters like People Food etc, Just for your info ! Take care. |
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