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Alright man, time to buy now !!!!!
DJ MARKET TALK:Yangzijiang Hits Record Low On Steel,Order Worries (2008/03/05 10:30AM)
0230 GMT [Dow Jones] Yangzijiang (BS6.SG) biggest blue chip loser; shares down 4% at S$0.97, having hit record low of S$0.965 earlier in session. Marks ninth straight session of declines as sentiment hit by worries of slowing shipbuilding orders, rising steel prices. "The sentiment is generally bearish what with worries on steel costs and the Chinese plays generally getting marked down," says analyst at foreign brokerage. Adds recent results were good, company still clocking up orders in January, shares offer value but negative sentiment overshadowing that at present. Selldown has been on fairly high volume, but volume slightly lower today, stock oversold on technical indicators. Suggests shares may consolidate or enjoy technical bounce soon, order book suggests floor at S$0.95-S$0.96. (KIG)
0230 GMT [Dow Jones] Yangzijiang (BS6.SG) biggest blue chip loser; shares down 4% at S$0.97, having hit record low of S$0.965 earlier in session. Marks ninth straight session of declines as sentiment hit by worries of slowing shipbuilding orders, rising steel prices. "The sentiment is generally bearish what with worries on steel costs and the Chinese plays generally getting marked down," says analyst at foreign brokerage. Adds recent results were good, company still clocking up orders in January, shares offer value but negative sentiment overshadowing that at present. Selldown has been on fairly high volume, but volume slightly lower today, stock oversold on technical indicators. Suggests shares may consolidate or enjoy technical bounce soon, order book suggests floor at S$0.95-S$0.96. (KIG)
steel price keep going up, this is one of the main reason.....
It is well controlled. Most buy up was accompanied by 5 lots or 9 lots of sell down
I hope supp level is at S$0.9
die oredi.........0.8..0.7...0.6....gone case liao manz.....how to avg down......haiz
But having all said that, I do not think that YZJ deserved this. The selling is really too much.....
Yang Zi Jiang is falling down....
oh i was away for a day and finally the berlin wall has fallen for YZJ.. hope ppl here exited after elf and I strongly encourage ppl to unload on any slight strength and not to average down ytd..
Its going to cut v v deep.
bless those ppl vested.. its not going back to $1 any sooner. If it does.. u know wat to do..
SHIP IS LEAKING!!!
indeed....look at the current price now...finally broke $1
yep...look at the MACD signal us a bearish crossover
Cash out while you can. More waves of selling coming. Those who bought at IPO still has some profit to take.
it wont rebound that soon.. I still see ppl throwing v large amount at $1.1!
And even if there is any rebound, it will also be a v short n weak one!!
yes u r right all of us can't be sure. we need to stay caution and trade at our own risk! still psychological on each of us.
2 small rebound in mid jan and mid feb. we are not sure how many ppl been lock in this $1.4 area. any BB collecting at that point and been lock also?
chart appears to be turning soon? i might be wrong, anyone can advice or give a few tips?
that we certainly can't be sure.......
Support at 1.01 &1.02 today, might make a turn upwards?
basically until week of US Fed Res meeting...mkt will be rocky....
so u ROCK in TANDEM as well....else how to make $$ ??! hee...
still rather risky