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In construction industry, initial investment or rental for machinery is very costly, once you got the 1st contract, the investment or rental of equipment for the subsequence contract will be very low. CSC can also maximise its investment or rental of machinery for other constructions. I think the company will have very good positive result in the financial reporting.
among all the construction compnay, CSC got the most contract for the IR. With Sand IR contract in hand, CSC can provide competitive rate to genting for the IR project and make good profit.
sunny_123, i sold off part of CSC yesterday in the morning. i sold because i am not comfortable that it reach 0.425 as it break the support of 0.43. after i sold, it goes back to 0.445 for a while !! then i off the screen of poems n busy with work after lunch. 5pm came in n was so surprised to see it become 0.395. anyway, the other half, profit had become paper loss.
So i may want to average down CSC these days.
I bought it at 0.455, will stay put. Cold storage temperature set lower now, keeping for long.
so anyone selling this off today?
Later in the morning, we could see CSC test the support at 43 cts. If it closes below the support level, i believe all bets are off. All other indicators are still looking bearing at this moment and the candles will soon be touching the lower B-band. Let's hope it bounces off it to greater heights.
ya...its time to top up more lots if u believe this end july will have good news for CSC.
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$0.445 very cheap for CSC ! Better enter now before this A380 take off !
this one still can load on... before it is too late... huat ah!!
Bought some lots on this counter for more upside ..
sorry sorry, i typed in the wrong thread.
CSC is really not moving....
ok lah...now its 0.455, cheong Kian Ann cheong !
but look also at the volume..
not moving ..sighz
Haiz....u'r right too. Maybe i said it out of frustration.
I think they take turn to rise... CSC had its moment when it had oredi jump from sub 30 to now.. whats wrong with resting a while... if you sell while it rest and buy when it cheong halfway doesnt make a lot sense right...
unless the it breaks the support of 0.43... if not no need to panic right...
This is gonna be my last week wif CSC if it never cross 0.48, i will be jumping boat.
it will be good if it can make a break at $0.48 with huge volumes
Perhaps, it is time to move over to other piling companies, such as PSL Holdings. That counter begins to move again.