
yesterday I was too optimistic. I think close above 3 not likely. 3000+ lots at 2.95 may be difficult. Remeber yesterday closing, the 3000+ lots suddenly sell at lower than 2.95. Looking at the buy q, it could trash it down to where it start today
If today they can close above 2.95, I consider them recover well. next wk then let it fly!
Will be strongly positive if Cosco can close up at 3.01.
Europe up, Dow futures very strong, Cosco should close up high too. Those who short, take care.
Now the market is different bocs now market is swinging type not straight bull run. For what I see is that those call for sell, they are the one who intend to accumulate while those call for buy is that they are intending to sell. So it is better ownself do your own TA n learn through the process. In this kind of trading of share it will keep on learning the tactics bcos of all sort of tactics can be use, whether u r short or long type of player. Just play with care.


hmmm...they will revise again soon...probably next month new target?
ktlow08 ( Date: 11-Apr-2008 15:47) Posted:
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Directors buying its own shares speaks louder than 10 analysts' report!
Where is the regulator ... SGX ? SGX should be able to check which funds sell or buy. Looks like only Citi shouted sell, the rest buy ? More complicated, funds selling and buying amongst themselves to create a "false" front just like the recently individuals who were fine for shares manipulations. Is our SGX equipped to go after the funds or close 1 eye ?????
so in the last couple of days, the analyst calls on Cosco are:
CIMB: Buy: 5.50, Merrill: Buy: 6.00?, Citi: Sell: 2.70, Macquarie: Short, BNP: keep Buy: 4.30, Credit Suisse: Outperform: 4.40
Wonder which of these will be most accurate in 6 months or 1 year.

Meanwhile, the Bull vs Bear battle is going on.

It annoys me when analyst says "BUY" but rpt indicates otherwise, sold their shares.
Since what anaysts say do affect the mkt, I think they should be accountable.
Wishful thinking: Maybe when they say "SELL", they are committed not to buy any shares from that co for the next 3 wks and vice versa.
Anyone wonder why the stock exchange do not open 24 hrs X 7 days ?
If I have some extra money, I will buy the US banks stocks now. Next year, they will be reporting record profits when provisions for sub primes losses are written back as profits. This is NAP.
Absolutely right! Then in addition, let's track the actual performance of the recommendations. And periodically how the analysts can be compared with the whole lot and ranked. Make them more accountable for their recommendations. It should be an honourable profession man!
hotstock ( Date: 11-Apr-2008 15:15) Posted:
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Agree with ET. Just dun trust the ang moh so much..
If they are so good in prediction, why they never predicted the subprime and end up in this stage
ET88888 ( Date: 11-Apr-2008 15:17) Posted:
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Yes that is why bubble after bubble. Each time a bubble is burst, regulatory body say do this do that, remember SOX in US and governance worldwide, now us want to do somthing after subprime problem. This bubble burst and build with no control. Wat is the root problem? Obviously u know who they are
This is how the funds make money. Unfortunately there is no regulatory body that forbid them from making such "frivolous predictions". It will move up back if the fundamentals are good and their comments are found no longer valid - again unfortunately this takes a little time. In view of the subprime, US banks misjudgement, Dow going up despite all the problems, we should listen to the Ang Mohs less going forward. 2 cents worth.
I mentioned in other thread, analysts should be subjected to track in some database showing wat they write and the accuracy of the result. In this way it promote accountability on what they write since they can sway the market. If kids can go through exam why not these so called professional to attest their creditability.
Thanks for the "crap" reports. This time, I enjoy reading them cos they are so different.
If TP is $2.70, does that mean someone out there may be willing to sell below $2.81?
Still have chance to buy below the support price? Hee, hee.
analysts are mostly fundamentalist ...they fickle along the market trend....so far dun really trust any analysts reports...only to a certain extent...but they do influence the market in one way or the other
Was quite disturb by citi downgrade to 2.70 from 4.50. Wow one contract made so much impact to their calculation. Did they know something that we don't?
I think if they are so good, then why they have the biggest subprime loss. Are they always off with the calculation? Just very curious on this report. anyone has it to study why the big turn in TP