Longcheer   

China 3G licence

Thanks elfinchilde and jackjames for your outlook and analysis on Longcheer.  It looks like it'll take quite a "long" time before the "cheer" will come again.  Yeh, do update us on this forum when both of you think it's time to buy.

Elfinchilde, why do you recommend ALLGREEN for the piggy year?  I have 160 lots and actually I've been trying to sell during the last few days, but was unsuccessful.  So, do you think I should continue to hold or sell them away after CNY?  Sorry, I'm not quite an expert in chart analysis.  My choice of picking stocks are based on their P/E ratios, dividend yields, nature of business and company soundness.



HAPPY LUNAR NEW YEAR TO EVERYONE HERE IN THIS FORUM.

 

anybody know who are the Twenty Largest Shareholders....?? JF is their major shareholder?

 

singaporegal  U R right. I agree with your reading.

 

Wow... the price keeps cutting through the lower bollinger band. This is definitely not a good sign.

Take care...

 

bwah haha, jackjames, sure thing. one make $, all make $, that's the way to go man. *grin*

not yet tho. if you go by its previous data, drop occurs steeply for abt a month with two freefalls before doing a bounce up for abt 7 mths (during which you can buy/sell). drop started feb 9th, so not til march, or when the trend starts turning. this drop likely to be more severe than the previous one last May.



meanwhile if you're looking for TA counters to start the piggy year with a bang, consider: allgreen, osim, cdl h trust.

keke. and caveat emptor yea! :) 

 

elfinchilde, remember to announce BIG when your TA analysis tell you it is time to cash in... thank you thank you.

 

concur, jackjames. this stock is fundamentally quite sound. Best of all it responds to TA. we wait for it to bottom out and consider a buy when the panic selling is over. ;)

 

the FA shown in the report is true, their profit is there, just as elfinchilde said, it depends on actual market movements, in other words, I am very interested to go into this counter after the sell pressure is clearly over, or a reverse trend happens.. have to remember the lowest within 52 weeks is 0.33, there is so much rooms to go down further..

 

l_tan888, it's all part of the game....if i want to be cynical i can say, well, if someone wants to sell, some naive person has to buy, isn't it? and what better way to induce a buy than to 'talk up' the stock?



but to be fair, they could be basing their calls on fundamental analysis.



thing is, fundamentals do not always correlate to actual market movement, since stocks move prevailingly on sentiment, not fact.



Longcheer: if you look at its TA charts, the clear sell signal came on 26th Jan, when its A/D and C/O dropped drastically for three consecutive days: A/D dropped from abt  -5mil to -47mil, while C/O dropped from -1mil to -16 mil. Envelope starts to curve to a downtrend.

It was the clearest signal to bail out at 1.14. So really, sometimes, ignore what the brokerage houses say. trust what the trend says. Big boys were actually selling already (note the spike in vol on 22nd jan).

caveat emptor.

post CNY: pls note that it has broken its lower bollie yet again, so wed will expect drop to cont.

take care, yea...

 

I don't understand all these brokerages.  The stock is now at $0.75 and they are predicting it to $1.57 / $1.64.  Doesn't it seems like heaven and hell?

 

 

so, who is giving target price of 1.60 for longcheer? westcomb?cmib? dbs research? anyone can post the link to the report?

 

It seem if pissed off just ONE fund houses can cause such drastic drop in share price. Next time we all retail investors better don't pissed them off. Now why are they so pissed off?

 

JF Asset Management

 

tyh1972 Please, what is JF?

 

westcomb, cmib and dbs research house all call for buy.only jf angry and sell.drop about 50percent.all cannot do anything but see price drop everyday.all at mercy of jf.do not made jf angry.warning to all.example longcheer.recent placement sell to who?did not mentioned in sgx.only say to investors in sgx announcement.

 

JF is very angry because the recent placement issue.....?? :p

 

<But the management of longcheer do not have jokers like bio-treat, right?>

They do have clowns though.

 

0.75-0.76, who is buyer?

 

May I know why? Well, Longcheer just have small profit drop what, not like Bio-treat last time, (as well drop from1.20 to 0.80, and to 0.48 level)... But the management of longcheer do not have jokers like bio-treat, right? I don't know.