
Market now doesnt really care abt good news. Everything based on sentiments. More like herd behavior.
kate_laker ( Date: 05-Aug-2008 12:01) Posted:
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Touched 2.66 liao
Bid Vol | Bid | Ask | Ask Vol |
280,000 | 2.680 | 2.690 | 164,000 |
309,000 | 2.670 | 2.700 | 312,000 |
259,000 | 2.660 | 2.710 | 371,000 |
157,000 | 2.650 | 2.720 | 485,000 |
87,000 | 2.640 | 2.730 | 475,000 |
53,000 | 2.630 | 2.740 | 345,000 |
18,000 | 2.620 | 2.750 | 311,000 |
67,000 | 2.610 | 2.760 | 256,000 |
113,000 | 2.600 | 2.770 | 198,000 |
59,000 | 2.590 | 2.780 | 182,000 |
46,000 | 2.580 | 2.790 | 212,000 |
10,000 | 2.570 | 2.800 | 210,000 |
11,000 | 2.560 | 2.810 | 124,000 |
1,000 | 2.550 | 2.820 |
SINGAPORE - Shipping firm Cosco Corporation plunged as much as 5 per cent to a four-month low after JPMorgan cut its investment rating to 'neutral' from 'overweight', citing concerns about higher steel prices.
one of the Houses here shorting it lah. Very impressive. They just touched 268.

That's why i'd never believe in fundamentals alone for the market.
if you must buy, don't buy above 275. pref, wait one more day. let it naturally bottom out first. but a fast scalp only. not for buy and hold.
relax on the buying; hasn't hit bottom yet. won't kill to wait at least one day.
275 warzone; 2.7 support for today
kate_laker ( Date: 05-Aug-2008 11:19) Posted:
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Small counter drop until no more room to down some more .
So , now is the time for big counter to fall !!
ywyeap ( Date: 05-Aug-2008 10:27) Posted:
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Unfortunately, the stock fall 5% due to the good news :D
It is hard to predict now
Another Quarter of Solid Growth ( Tomorrow will cross $3.50)
surpassing the $1-billion mark in a quarter for the first time on broad-based expansion across
Q2 08 Q2 07 Chg 1H08 1H07 Chg
S$’000 S$’000 S$’000 S$’000
Turnover Gross profit Pre-tax profit Net profit attributable
to equity holders 128,701 EPS-fully diluted
(cents) 5.72 Highlights: •
quarter for the first time on broad-based expansion across all key
segments. •
driven by high-value offshore & conversion and shipbuilding projects. •
expansion and operational efficiencies. •
expansion support positive outlook.
• Healthy
jackjames ( Date: 04-Aug-2008 15:25) Posted:
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