Mermaid Maritime    Last:0.107    +0.002

Mermaid

Most unfortunate but have to do the necessary before the pain goes deeper. I cut loss on same day, June 22. (loss 3.5%) .  Most fortunate to have timely encountered bishan22 and bintang June 22 posts.  Most grateful ever since.

qwertyuiop00      ( Date: 23-Aug-2010 17:35) Posted: broke 0.44 support, be careful... i am stuck at 0.855, have to wait for a super long time for it to go back up to that price again =/

 

sOme hOw

sOme tIme

sOme where

sOme One

kIckED  mermaId's  ASS ?

 

Why not cut loss? dare to see half money gone??

qwertyuiop00      ( Date: 23-Aug-2010 17:35) Posted: broke 0.44 support, be careful... i am stuck at 0.855, have to wait for a super long time for it to go back up to that price again =/

 

broke 0.44 support, be careful... i am stuck at 0.855, have to wait for a super long time for it to go back up to that price again =/

 

Anyone any news why this counter is plunging and boring?? any chances of rising?

 

Cosco up

YANGZIJIANG up

kepcorp up

Next will be This baby

 

 

 

any predictions on mermaid's 3Q10 report?

 

Mermaid's technical view which was written on the 9th July when it was last traded at $0.465.

Not an inducement to trade.

 

Mermaid still trapped in a medium term downtrend. http://knightintradingarmour.com/?p=277

 

This news is as good as no news. Price not moving???

 

 Mermaid Maritime plans to sell its 25% stake in Worldclass Inspiration Sdn Bhd for RM75.54m.

 

I think good for mid term, now from TA still bearish mode... afraid too volatile..i have bad experience with this counter...

des_khor      ( Date: 09-Jul-2010 11:12) Posted: Change possition liao... now this Mermaid want to be on top !!!!!!! des_khor      ( Date: 09-Jul-2010 10:57) Posted: Now both are so close.... change possition liao... Ezra prefer on top !

 

Change possition liao... now this Mermaid want to be on top !!!!!!!

des_khor      ( Date: 09-Jul-2010 10:57) Posted: Now both are so close.... change possition liao... Ezra prefer on top !! artng25      ( Date: 07-Jul-2010 07:14) Posted: Which company is better ? Mermaid or Ezra ? Both seem to be experiencing 'fair valuations' albeit with a little more downside. Actually the question should be, between the two which is a better bet ? The fish or the prophet ? Any advise ? Muchos Gracias

 

Now both are so close.... change possition liao... Ezra prefer on top !!

artng25      ( Date: 07-Jul-2010 07:14) Posted: Which company is better ? Mermaid or Ezra ? Both seem to be experiencing 'fair valuations' albeit with a little more downside. Actually the question should be, between the two which is a better bet ? The fish or the prophet ? Any advise ? Muchos Gracias

 

Back to 0.48 liao. 

 

Mermaid has not only filled the gap at 46 cents , but also closed at the lowest point at 45.5 cents today . If the support at 44 cents fails to hold , then there is a gap at 28 cents waiting to be filled .

Bintang      ( Date: 05-Jul-2010 19:06) Posted: Mermaid has filled the gap at 46 cents today . Bintang      ( Date: 28-Jun-2010 20:53) Posted: Mermaid did not go up today to fill the gap at 51 cents , but it closed with a bad candle stick. It is still  possible to go down to fill the gap at 46 cents

 

If only got money for one, I'd go for Mermaid but that's just me.

 

Which company is better ? Mermaid or Ezra ? Both seem to be experiencing 'fair valuations' albeit with a little more downside. Actually the question should be, between the two which is a better bet ? The fish or the prophet ? Any advise ? Muchos Gracias

 

Mermaid has filled the gap at 46 cents today .

Bintang      ( Date: 28-Jun-2010 20:53) Posted: Mermaid did not go up today to fill the gap at 51 cents , but it closed with a bad candle stick. It is still  possible to go down to fill the gap at 46 cents . Bintang      ( Date: 27-Jun-2010 22:10) Posted: Mermaid has gapped down to reach 48 cents in last week trading . If the gap at 51 cents would not be filled in the next few days , then it would go down to 44 cents n would also closed the gap at 46 cents as well

 

On Friday, Mermaid began to continue trending inside the rectangular region and closed flat at $0.47 with low volume of 2.6 million shares traded.

A candle stick with long upper/lower shadow similar to Doji indicates the indecision of the investor though it may be lean towards bearish since the upper shadow is longer.

Both RSI & MACD are bearish as MACD might perform a “cross down” soon.

Important Resistance of Mermaid: $0.495

Immediate Support of Mermaid: $0.44

Things certainly looks rocky for Mermaid as the prices has fallen way below the 20/50/100/200 days MA.

As mentioned in my previous analysis on Mermaid, we would not encourage anyone to enter this counter as the major trend for this counter is bearish.

SEE CHARTS & ANALYSIS FOR ABTERRA


But bears might be interested in trading this counter once the support at $0.44 breaks at high volume.