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1601-1620 of 3100
The trading range will be from 0.67 to ard 0.9. So if somehow, it manage to touch near 0.9, it a good time to offload. wait n pick up again..
hotstock ( Date: 04-Dec-2008 10:29) Posted:
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I think it is a very different ball game now. Cosco is fully valued at round 80c. If more cancellation is coming its way (see KeppCorp and SembMarine) then there is more pressue. So what if China measures are kicking in, there is excess of ships and dun tell me the govt is going to build more rigs for its own country superoil companies.
Even if it does not get shot down today, ppl will use order cancellation as a reason to sell tomorrow. I follow this counter closely and that is my personal opinion for your reference. Ppl forgot the Oct and Nov onslaught and dec is always a feel good month but dun forget history repeats.....
K E L O N G !!!!! hope nobody shorted this morning.
Monday is a public holiday and for the past 3 days the US economic data is worse than expected. Although it is up for 2 days I think it would be very difficult to sustain. Look at the unemployment figures continue to come out, poor beige book figures and all....
Even if china measures have been announced, it would take effect so soon. It is just a relieve rally. Dun forget december is a sell month historically..... I see the STI and S-chip would not be able to sustain this. Tomorrow is TGIF so unwind should start this afternoon......
60 ct wont happen...
jackjames ( Date: 04-Dec-2008 09:46) Posted:
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i thought it will be 60 cents today, just like KeppelCorp... but then, power man...
dcang84 ( Date: 04-Dec-2008 09:44) Posted:
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Can use a sledgehammer and hammer it down to 65 cents. Coming soon.
jackjames ( Date: 04-Dec-2008 09:40) Posted:
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wow.. amazingly strong... will be eye dropping to see it goes up to 90 cents at the end of the day..
i am not into this game..
Just observe the tug-of-war last 10 min. Be very careful, fake buy queue of 1000 lots come in and out very quickly to trap ppl into buying up. Very dangerous....
Not sure what the brokers would call with this news. Anyone has the early email client note can share?
In few occasions cosco is always trading at the period high for a while and then the news sags. This is the many time happening esp when i find the run up not aligned with other s-chips. I think ppl knows abt the cancellation news few days ago and they push it up so that they can exit quickly. remember how it fell from 130 to all the way to 70c.... the seller are not showing mercy as it falls deep in a short span of time. i think this time it is going to be similar but less depth as before.
at this time of bad economy, contracts cancellation for 2 ships will be a big setback...
now is time relook at s-share,,,,,,,,,,,,,,,like cosco yesterday announce negative news so today is a signal buy or sell ,,,,,,,,,,why if it hit a follow up selling that mean a lot buy up by retail investor,,they will scarly sell off,,,,,in other world that say open low and bb steady buy in mean bad news already cannot inf the share price,,,,ppl here just waiting for good news,,,,,,,,,,,,,so must watch closely today trading,,,,,,,,,,,,,im waiting to go in liao,,,,,,,,,,,,,,,,,time will tell tis opportunity,,,,,,,,,,,,,,,,,even i call my remirser to buy if cosco price stable and up,,,,,,cheers bear railly akan datang
smells of new way of playing up when access to first hand negative news
That the way market work for BB. Must have the ammo to play... Short must be very very careful with cut-loss mechanism if not oh oh
yah, man! what a big kelong!! @#$%!!
CANCELLATIONS AND VARIATIONS OF SHIP BUILDING CONTRACTS
you are right, tomorrow will drop like crazy, just like keppelCorp..... really "respect" those BB play this counter all the way up to 0.85... , so, tomorrow play all the way down to 0.60 ???
louis_leecs ( Date: 03-Dec-2008 22:18) Posted:
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cosco ann cancellation and variation of shipbuilding contract,,,,,,,,,,,,,,,,,xiao liao tomorow
Got gap at 95- 975
I personally declare "Sell into strength" is no longer valid from December 2008 on ward. Just personal opinion!
hotstock ( Date: 02-Dec-2008 15:02) Posted:
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At this point in time, negativities points to longer recession and oil hits a low of USD 48. I was wondering if the move up particularly for cosco is too fast. I still have some to unload and whether it is right to unload down.
comment?