China Minzhong   

China Minzhong Food forum

up up up .............

 

able to hit 0.675 in a few day.......... those that buy at $1 plus......... is sitting on hugh losses

 

Before hitting the all time low at 55 cents yesterday (18/05/12) , ChinaMzhng had created a runaway gap on 16/05/12 at 67.5 cents .If this gap is not covered in the next few days , the downtrend would continue n downside target would be lower than 55 cents . Runaway gap is also called the measuring gap , therefore the downside distance could be measured .

Bintang      ( Date: 18-May-2012 07:56) Posted: Hi 3110029 , It may hit target soon . 3110029      ( Date: 17-May-2012 22:39) Posted: Shi fu........v scary. 0.55 going to reach soon? tomor? omg

 

wow, today STI crash badly but CMZ closed unchanged with still 300plus lots queuing to buy at 58 cts at closing 5.05pm, looks like CMZ may have indeed bottomed at 55 cts.

YZJ fell 7 cts today though

neutral      ( Date: 18-May-2012 10:53) Posted: hmm, STI now crashing with -41 but CMZ only down 1 ct now, perhaps CMZ  really have bottomed at 55 cts, (Even the so-called strongest S-chip YZJ also plunged 5.5 cts now)...........unless STI crash below 2700 next week.

 

hmm, STI now crashing with -41 but CMZ only down 1 ct now, perhaps CMZ  really have bottomed at 55 cts, (Even the so-called strongest S-chip YZJ also plunged 5.5 cts now)...........unless STI crash below 2700 next week.

 

 

got ass burn before buying china counters.. so i wont buy again.

Now holding indo counter hahaa

wanglausern      ( Date: 18-May-2012 00:51) Posted: Best thing to do is to avoid all China stocks listed in S'pore. upnowhere      ( Date: 17-May-2012 23:28) Posted: Game over liao.. Buy indo instant noodle better... hahaha

 

Hi 3110029 ,

It may hit target soon .

3110029      ( Date: 17-May-2012 22:39) Posted: Shi fu........v scary. 0.55 going to reach soon? tomor? omg! Bintang      ( Date: 19-Dec-2011 10:37) Posted: ChinaMzhng went down   to 95 cents on 23/09/2011 , n further down to 83.5 cents on 04/10/2011. From there it  rebounded to form a bearish rising wedge n reached $1.10 . Breaking the formation n it may go down again to reach another downside target at 55 cents

 

Hi Neutral,

Not sure u r an investor or a trader. If u r an investor, how long u intend to hold? 6 months? 1 year? 3 years....? There r still many strong fundamental counters in sgx, y must CMZ?

If u r a trader, please take a look the chart n guess whether chances for it to go up is high? & how high it will going to rebounce?

http://i45.tinypic.com/fc5r0w.jpg

I cut lost on my holding on 12.05 2011 at 1.67. Till to-date, it never go back to this price. Hope u can decide how to make good use of your 57k & remember to take into consideration on the current market sentiment.

 

Best thing to do is to avoid all China stocks listed in S'pore.

upnowhere      ( Date: 17-May-2012 23:28) Posted: Game over liao.. Buy indo instant noodle better... hahaha

 

http://singaporetrader.wordpress.com/2012/05/17/china-minzhong-food-corporation-limited-facing-up-to-slower-growth-scenarios-from-fy13e/

 

Game over liao.. Buy indo instant noodle better... hahaha

 

 

so is it 55 cts will be the worst case scenario?? If yes, then it's very good news becos from now 58 cts to 55 cts is just a very minor 3 cts....

If yes, I may start queueing to buy at 55 cts with all my remaining $57,000. hehe

 

3110029      ( Date: 17-May-2012 22:39) Posted: Shi fu........v scary. 0.55 going to reach soon? tomor? omg! Bintang      ( Date: 19-Dec-2011 10:37) Posted: ChinaMzhng went down   to 95 cents on 23/09/2011 , n further down to 83.5 cents on 04/10/2011. From there it  rebounded to form a bearish rising wedge n reached $1.10 . Breaking the formation n it may go down again to reach another downside target at 55 cents

 

director just purchase 100,000lot..........lelong , lelong , can use CPF to buy somemore............

 

Shi fu........v scary. 0.55 going to reach soon? tomor? omg!

Bintang      ( Date: 19-Dec-2011 10:37) Posted: ChinaMzhng went down   to 95 cents on 23/09/2011 , n further down to 83.5 cents on 04/10/2011. From there it  rebounded to form a bearish rising wedge n reached $1.10 . Breaking the formation n it may go down again to reach another downside target at 55 cents . Bintang      ( Date: 18-Jul-2011 23:50) Posted: The final downside target would be 94 cents , for it had already broken down of the neckline

 

30 lots at 0.71 and 80 lots at aveage 0.67...........just buy somemore at 0.595.......

i believe is oversold already.........................

 

u bought how many lots CMZ  at what price? how come 8k paper loss in a few days on 1 counter?

BTW, i now left with abt $57,000 in my trading account, I'm actually thinking of  using all my this remaining 57K to but this CMZ .........I still find it shockingly unbelieveable that this Good FA counter crash so much in 3 days. At last just now I saw 58 cts, i thought computer error

churnw      ( Date: 17-May-2012 18:22) Posted: 8k pass loss

 

8k pass loss

 

can share how much is yr paper loss for this CMZ?

churnw      ( Date: 17-May-2012 15:58) Posted: low of 0.58.........is it lowest..... can load up. ....also sitting on losses too

 

low of 0.58.........is it lowest..... can load up. ....also sitting on losses too

 

you are really damned! your loss is huge.

I saw yr blog, last time u said have 40 lots at average 96 cts.

So now u still holding one-third, about 13-14 lots CMZ from 96 cts??

freeme      ( Date: 16-May-2012 23:46) Posted: i cut 70 % at 75cts... but still suffer heavy loss. damn it whencanchange      ( Date: 15-May-2012 16:18) Posted: are u still holding on to yr 40 lots CMZ or u cut loss all oredi