COSCO SHP SG    Last:0.122    -0.001

CoscoCorp

brought down also cos general market bad; traders have been waiting for a chance to short this counter.

sian. there goes another one off the radar...

 

Speak of the devil. $2.10 attained.

 

If it touches $2.10 today, expect to see $2 tested tomorrow. May see dead cat bounce around $2.07; but likely to be very very weak.

 

 

Unbelievably fast...it come into my radar screen again...2.12-2.14 now. Well, elfin had said it all...stay away! If current price can't hold, next target will be 1.80s (4x NAV) tho I see more solid support at 1.50s. Stay cautious!

ps : YZJ may follow this counter into the tunnel and hit 50cts(2x NAV), stay tune. 

Farmer      ( Date: 12-Aug-2008 17:40) Posted: Haha! Merely 3 trading days are all it took to hit $2.27 at today's closing......unbelievably fast!!! Next target at $2.07-$2.18 if price still can't hold......... < $2 is coming? Hmm...notice YZJ price movement has been in line with this one at half its NAV....say when this is at $2.70 range (6x nav), YZJ at 70cts range(3x nav)...now its at 5x nav, YZJ at  2.5x nav??? Farmer      ( Date: 07-Aug-2008 09:44) Posted: Hoho! Didn't expect it to go so low so fast. Without this news, I tho 2.63-2.65 should hold for a while. Now looking at 225-2.30 range 5X to NAV still expensive in FA sense.

 

okay, let's aim for 1.20 !

 

small fries, please, just don't buy it.

from 217 once the 2 psych mark is breached, it's down to 188 at least. the real sinking will be from 2 if it touches that.

if it does, that's dead stock; don't buy no matter what.

 

Sinking--> Sank --> Sunken?

Odds are 2.07 to be tested soon. Still far from sunken stage.

 

 

 

elfin advice remains the same: don't buy cosco til it can prove a bottom.

currently, the risk of downside is still greater than any potential upside.

 

good to monitor the shipping counter closely.

elfinchilde      ( Date: 15-Aug-2008 10:33) Posted: wldn't recommend a buy for cosco unless it can clear 2.44 (the close of its previous fall). o/w, the risk of 217 is still more likely than an equivalent rise.

 

wldn't recommend a buy for cosco unless it can clear 2.44 (the close of its previous fall).

o/w, the risk of 217 is still more likely than an equivalent rise.

 

Cash rich investor can cost average if fall further !

investsgx      ( Date: 14-Aug-2008 15:40) Posted: The fact that Cosco Corp has hovering around $2.3x for the last few days has give some cash rich investors a good reason for bottom fishing. The collapsed of Cosco Corp share price is unwarranted to some extend. However, in view of “the break below $2.80 indicates a target of $1.70 based on a measured move”, I would rather err on the safe side. The failure to rebound to higher ground after a huge sell down reflects a very weak buyer in the market. Olympic has failed to bring stock rally before the event. It may be a better choice to enjoy the game now. http://investsgx.blogspot.com/2008/08/cosco-corp-capitulation.html

 

tis baby take a lead,,,,,,,kill short,,,,other cts,,,,,,,,,,,,follow up.....................................

 

The fact that Cosco Corp has hovering around $2.3x for the last few days has give some cash rich investors a good reason for bottom fishing.

The collapsed of Cosco Corp share price is unwarranted to some extend. However, in view of “the break below $2.80 indicates a target of $1.70 based on a measured move”, I would rather err on the safe side. The failure to rebound to higher ground after a huge sell down reflects a very weak buyer in the market.

Olympic has failed to bring stock rally before the event. It may be a better choice to enjoy the game now.
http://investsgx.blogspot.com/2008/08/cosco-corp-capitulation.html

 

Aaahh... short term trade.

Sorry for the mis-interpretation.  

busybody      ( Date: 14-Aug-2008 14:19) Posted: I don't mean shorting this counter. What I mean is that buy it for a quick return. Because the market sentiment is still weak, no point to hold it too long. trader88.sg      ( Date: 14-Aug-2008 11:06) Posted: Go short when stock is rebounding??

 

I don't mean shorting this counter. What I mean is that buy it for a quick return. Because the market sentiment is still weak, no point to hold it too long.

trader88.sg      ( Date: 14-Aug-2008 11:06) Posted: Go short when stock is rebounding?? busybody      ( Date: 14-Aug-2008 11:02) Posted: This counter has finished the sharp fall. If there is no further big event from the company or the overall market, it has touched the bottom already. There may be some rebounce due to the sharp fall in the past week. Can go for a short trade.

 

Go short when stock is rebounding??

busybody      ( Date: 14-Aug-2008 11:02) Posted: This counter has finished the sharp fall. If there is no further big event from the company or the overall market, it has touched the bottom already. There may be some rebounce due to the sharp fall in the past week. Can go for a short trade.

 

This counter has finished the sharp fall. If there is no further big event from the company or the overall market, it has touched the bottom already. There may be some rebounce due to the sharp fall in the past week. Can go for a short trade.

 

Back to basic .... look into its numbers:

PE is about 15 times based on 2007 earnings. (quite cheap now)
Book order of few b.
NAV about 44cts. (maybe due to its yards at China which have lower valuation due to rmb)
about 7 yards in China.

In my opinion, it is quite good value now. Too bad i do not have many bullets now, if not can go in somemore.

 

wad stop price?

 

Some remisiser said can buy some , After A weeks The Cosco new CEO will said some to stop price

going down and down  down to $ 2.00