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Ai ya, wait for LHY to buy first mah, lets have some patience.
gt bitten earlier when i enter at 2.3+.
nw try again at 1.86
Close at 6-year low 1.95.
Since the Dow has reached 12-year lows...
for us to reach that low is a total possibility, considering time lag effects...
It is already getting more and more attractive by the day.
look at 10 year chart, 80cents mar15 2000. this price will indeed be attractive
F&N’s share price, at $2.04 yesterday (down
10 cents) is at the lowest since Sept/Oct ’03
and close to the major technical breakout in
2003. At 0.54x price to book NAV of $3.76,
F&N is also finally getting in line with the
property sector, as it should be, and could in
turn start to attract longer-term investors.
http://www.remisiers.org/research//daily%20Rev5Mar.pdf
Still think stockss are "cheap"? ...
weekly support 200 broken, coming is the monthly support 170
This is also one reason, I guess.
trader88.sg ( Date: 19-Feb-2009 09:57) Posted:
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Report from Lim and Tan Securities, 05Mar09,
F&N have 12 properties under development, 3 are in Aus and 7 are in UK.
this is the main reason for its share price to drop recently.
As various foreign banks responded to its loan, FN had increased its loan, so as to settle d coming matured loan debt n at d sametime to increase its operation capital base.
Coy raising fund may not be a good sign, but d confidence level given to outside, esp the banks, thats enough to buffer d worry fr d investors.
Above for ref. No call for anything.
Near psychological barrier 2.00.
Look very attractive leh ....
the rally will come when everyone thinks everyone has given up hope of a rally..
when u least expect it!
Geez for a counter that is normally so quiet, seems like there's no stop to this slide, from 2.90 + to 2.05 soon, drop quite a bit in 3 weeks.
Seems like someone is offloading it big time. Donno to buy or siam .... Support at 2.02-3, kinda sad that this is coming off when the others are stablizing
Hmm....looks attractive now. Is it a buy? I'll wait for LHY's next buy since he last bought at $5.65 1-2 yrs ago.
disappointed with them.. when other move up slightly, this one goes dw n dw.
Although it is now so "cheap-cheap", many will start to tremble in the knees...
When they think of their earlier "buy cheap-cheap" experiences...
But there's bound to be some who still think they have 'nerves of steel'
And they buy, thus making a rally possible...
luckily i didn't buy.. now it doesn't look very attractive even at 2.07..
1st time i see no buy Q for F&N...