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CoscoCorp

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hotstock
    05-Aug-2008 12:12  
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I hope those follow me is laughing now. Have lots of fun with cosco as I was involved with her onslaught the last time round (think citi downgrade). That last experience is so similar this time. That's my view.
 
 
exchange23
    05-Aug-2008 12:09  
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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:

Ok, noted. Anyone knows the reason why the price keeps on dropping even with the good news?

 
 
des_khor
    05-Aug-2008 12:09  
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If I not mistaken this counter have very high PE right ?? over 20 times ..?
 

 
Naproxen
    05-Aug-2008 12:08  
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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
 
 
Naproxen
    05-Aug-2008 12:06  
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Cosco falls on JPMorgan downgrade


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.

 
 
 
elfinchilde
    05-Aug-2008 12:06  
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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.
 

 
kate_laker
    05-Aug-2008 12:01  
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Ok, noted. Anyone knows the reason why the price keeps on dropping even with the good news?
 
 
elfinchilde
    05-Aug-2008 11:33  
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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
 
 
des_khor
    05-Aug-2008 11:30  
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This counter history low was below $1 !! another one is SGX also another time bomb !! history low just above $1 ! be patient....

kate_laker      ( Date: 05-Aug-2008 11:19) Posted:

So is it good time to buy for long? The price has hit the bottom already.

 
 
hotstock
    05-Aug-2008 11:20  
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Buy it cheap later. History repeats
 

 
kate_laker
    05-Aug-2008 11:19  
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So is it good time to buy for long? The price has hit the bottom already.
 
 
des_khor
    05-Aug-2008 10:43  
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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 !!
 
 
trader88.sg
    05-Aug-2008 10:40  
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hotstock
    05-Aug-2008 10:34  
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If you trust, continue to short it down if you trust Cosco trading pattern. It happens about 6 months before and it is coming again..... Good $$$$... SHORT ah
 
 
des_khor
    05-Aug-2008 10:32  
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The current market situation : good news - normal news , normal news - bad news , bad news - lagi worst news!!!

ywyeap      ( Date: 05-Aug-2008 10:27) Posted:



Unfortunately, the stock fall 5% due to the good news   :D

It is hard to predict now

 

 
ywyeap
    05-Aug-2008 10:27  
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Unfortunately, the stock fall 5% due to the good news   :D

It is hard to predict now
 
 
jackjames
    05-Aug-2008 10:26  
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according to TA chart, it better rebound from here ... else, ......... *$&^$#%$&$*#
 
 
Naproxen
    05-Aug-2008 10:22  
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My god!!! 2.82 now !!!
 
 
samson
    04-Aug-2008 21:23  
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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
Turnover and net profit jumped to another all-time quarterly high

Q2 08 Q2 07 Chg 1H08 1H07 Chg

S$’000 S$’000 S$’000 S$’000

Turnover 1,047,137 512,341 +104% 1,764,793 868,127 +103%

Gross profit 245,438 152,199 +61% 446,060 244,689 +82%

Pre-tax profit 218,175 138,895 +57% 366,835 206,345 +78%

Net profit attributable

to equity holders

128,701 80,381 +60% 212,585 122,335 +74%

EPS-fully diluted

(cents)

5.72 3.57 +60% 9.45 5.49 +72%

Highlights:

quarter for the first time on broad-based expansion across all key

segments.Turnover soared 104% to $1.05 billion, surpassing the $1-billion mark in a

driven by high-value offshore & conversion and shipbuilding projects.Ship repair, ship building & marine engineering turnover jumped 112%

expansion and operational efficiencies.Net profit attributable to equity holders rose 60% on successful business

expansion support positive outlook.Strong order book, efficiency & capability enhancement and capacity

Healthy

 
 
jackjames
    04-Aug-2008 20:02  
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sound like history will repeat itself, tomorrow is the profit taking day for today traders... heee....  so, no doubt the result is good right, ha ha.. we all know what... nothing new to us..

jackjames      ( Date: 04-Aug-2008 15:25) Posted:



u forgot it dropped a lot before Q1 results, until the CEO has to come up and confirm that the result is good, the, the stock starts to rally again.. from 2.8 level to 3.8 level ... check the graph then, u will know...

well, if u ask me, i also want it to drop, then, i can buy cheap, havent bought this gem yet...

 
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