Longcheer   

China 3G licence

If you wish to play share, goes for the high volume and nobody can control you. Small volume share are very dangerous,avoid it if possible and and why avoid it , reason is your broker know you have to sell your share, They will short itdownward for you to sell and they buy back and make a profit out of you. Correct me if I am worng.

 

do you know why the share drop which you do not like to and goes up which you curse and swear???

Answer is someone is controlling the share which you purchased . They know you have the share to sell and force it down so they can gain more.

 

well , at least from 0.57 to 0.63 is quite a "big" move, hey, this counter coming down from 1.32, give it some face la.

 

Yup... maybe...

TA charts still look bad

 

singaporegal, as you said, your TA analysis excludes the external factor, e.g. market overall sell down

 

Guess I was wrong about the bottoming out... seems to be on downtrend again.

 

A very bad news for longcheer holders, 0.68 is a very important suppoint point, but it breaks now... dangerous dangerous, it can keep draining now, it has wipe out year 2006 all growing, and now is heading to year 2005 price, beware!!! stay away for this counter from now...

14:47:35	0.670	40,000	Sell Down
14:46:56	0.670	20,000	Sell Down
14:45:01	0.675	127,000	Sell Down
14:43:01	0.680	21,000	Sell Down
14:39:58	0.680	5000	Sell Down
14:38:39	0.680	10000	Sell Down

 

for those who are still pining hope of 3G on this stock...

China papers disclose that China 3G licence will not be out till 1Q2008 - much later than what I expect :(

 

May be bottoming out soon... keep watch.

 

I believe every stocks has its own cycle, look at Bio-treat cheong from 0.48 to 0.89 today, STXPO cheong from 0.57 to 1.10, SPAusnet cheong from 1.35 to 1.69 , NOL cheong from 1.50 to 3.6 !! and many more...

Those heavily "bottom out" counters right now are Longcheer, OSIM, Chinakandga (beware), Ouhua, Starpharm, LMA, Luzhou, Chinasun, and many more, just to name a few "famous" one..

cheers for the long term investors...

 

longcheer is going to sleep now....zzzzZZZZ....

 

It will go up soon...of coz we r not talking abt $1.20 or more but I foresee not a problem for it to go up to $1 soooooooonnnnnnnn ;p

 

hi lucky168 & jackjames,

thanks for reply and information.....

hope next quarter results can boost this counter .........

 

Still on its way down... but I think the fall should start to taper off soon.

 

i am afraid this stock would stay down for a while.....

 

longcheer doesn't need 3G license released to spice up the price..

that's not the only "way" for this counter to go north..

 

tyh1972, china had been expressing their interest to release the 3G licence since 5 years or so ago... :)

as their self-developed TS-SCDMA technology is not even ripe for launch, the licence issue will be shelfed for the time being...

IMHO, the earliest probably late 4Q07... can you wait that long?

 

Still dropping 

 

hey, elf, shock to see my name in your post, haha.. yeah, I am still watching this counter closely, I might buy CSC today, as the closing price now is 0.235..

by the way, I am in East Malaysia right now (that is why I seldom post recently), will back to Singapore on Tuesday night~ That will be the end of my chinese new year holidays, heee.. see you guys in singapore~

 

hm. yep. oversold or overbought sometimes don't make much of a dif. an overbought stock can keep going up and up, just like an oversold stock can go down and down.

Not yet on LC tho. pls do be cautious...

and jackjames, still watching? you're gonna be my LC kaki if this does a turnabout. keke.