ST Engineering    Last:7.51    -0.08

ST Engg

If can close above $3.30, it will be a good sign.

 

Value for money at $3.15 as the dividend of 15.11c tax-exempt will give you about 5% return. Moreover STE is a FA good stock.

 

Hi stevenkoh1981,

I'll reply on the sembcorp thread.

 

sggl & shplayer, Hi both sifu,  do u all think that right now for Semb Corp can Up till 4.70. after that another sti correction it will go down

What do both of u predict.

 

singaporegal,

I go there regularly for walks along the jungle tracks......its a good form of exercise. Also, the solitude in the forest is a refreshing change from the  hustle and bustle outside.

 

Hi shplayer,

What were you doing at Bukit Timah hill yesterday??

 

elfie mei mei,

Good to hear from you. How are you enjoying your course? Hope the quake did not affect you too much as did singaporegal.

I was at Bt Timah Hill at that time....didn't feel a thing....those granite formations are 'solid as a rock'.

 

yup da gege, i'm here just to check on things. :)

ste holding steady, don't worry. If fall below psych level of 3.1, cut. But very strong insti buying throughout tho. Have been tracking this one for past 2 weeks.

 

singaporegal,

Thanks for the chart info.



iPunter,

Elf said she's on course for the week (see Fellowship of Shares) and will not be available to make any posts.

 

When a share went through a wide fluctuation, it should be taken as "noise" and ignore it from TA

It was trading sideway before the correction took place. It will continue from where it was previously

 

Today, Elfin seems to be bit late in arriving... :)

 

Hi shplayer,

ST Eng's charts are starting to look bullish again. There's a divergence forming.

 

singaporegal,

No problem about the bad timing.

Like I said, I am a 'kiasu' TA player....I only do TA of stocks with FA backing.......so, if I get caught.....all it means is that a 'short' term punt will take abit longer to make profit......

 

Hi elfin, the next support is around $3.06 - $3.12.

 

Well  I saw the news SGX did mentioned the STI will be at around 3060 n their target for 2007 by year end should be around 3600.

This seem to be in line to the GST, bcos its tooooo high liao.

Everthing tooooo high in the end who would buy, so come down ....> then buy n it will uppppp again.

 

Hi shplayer,

Unfortunately that is right. Bad timing... A major limitation of TA is when some very sudden shock happens to the stock market or to the counter. Then a major selldown will occur.

I believe that the market movers usually have first hand information and will move before the retail investors. From what I observe over the past week, I think the big boys were also somewhat caught off guard too.

 

hi sporeguy,

elf would like to know if you are able to calculate the support level that's below the 3.28 one?

thank you. :)

 

Hi Steven, 13MA and 34 MA, not 4MA and 34MA. 4MA is too short a time.

 

I mean, looking at all the stock charts, the market was already sickly when there was divergence 2 weeks ago (STI up and up, but many stocks down and down, and people are losing money when the STI was still charging up)...

 

I believe only in the charts... anything else is not worth believing... :)