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If all the bids are very low, which result in no bid or poor sale, then....
The risk reward ratio is not worth the risk......
After the sale, what happen? Fall back to below 1.50...what else to support it share price.....fundamental, Kepcorp and Sembmarine are still better
STX OSV Chiong ar....
thks for the advise but i tink stx osv is very strong just need to break thr 1.80..
=)
jimywcm ( Date: 23-Apr-2012 22:39) Posted:
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If you join the last 2 peaks, looks like it cannot break 1.80 for now if you plot the overhead trend line. I think the smart money already left at this level
bearing in mind it has run from 0.80 to 1.80 ! After ex div, it may go down more than 10c and find its support perhaps at 1.50 level.
jamesng ( Date: 23-Apr-2012 21:51) Posted:
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didnt drop as much today....but it wont be spared...
jamesng ( Date: 23-Apr-2012 21:51) Posted:
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This is definitely a good stocks...but share price spike because of the announcement of the sale........
agree with u bro... but rumours might be true just that price are too high... just believe in ur fate.. my pt of view is this is a very good share... even kep corp/ semb marine wan to buy them.... just my 2 cents worth...
=)
jamesng ( Date: 23-Apr-2012 21:32) Posted:
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After dividend, if sale is not confirmed, will be bad....
just wait for dividened... as i tink euro problem is only for a short term and everythings is going back as per normal again...
We are all hopeful. but with the current sentiment....more downside than up....
may see a rebounce from the current price..
the tribe has spoken.... cheong ah!
On Thursday, STX OSV re-tests the resistance at $1.73 and closed at $1.725 with LOW volume of 3.58 million shares traded.
During the past 10 bars, there have been 4 white candles and 4 black candles. During the past 50 bars, there have been 17 white candles and 29 black candles for a net of 12 black candles.
Both RSI & MACD are flat as MACD lines converge together.
Important Resistance of STX OSV: $1.73
Immediate Support of STX OSV: $1.625
Currently prices are resisted by 20 days MA.
Since 15/Feb, prices have been .......... READ MORE
This stock has very sound fundamentals to fall back on, even if it does fall below 1.70 (unlikely IMO) , Look at its dividend total payout for this year, 10 cent final + 8 cent previously paid. Strong Cash balances, high ROE, relatively low P/E ratio making it very attractive. I will not want to bet against it, but I believe in the next few days it will still be trading within a tight range . I may be bias as I am vested, but those are the reasons why I am vested :P
Good Luck!
bro sometimes u need to see urself we can only give u some advise on it... i personally think that this share is going to be strong and also rumours saying that the italy biggest ship building bidding for them... while kep corp deny that they are bidding... i personally brought some last week...
Gd Luck..
Thanks all!!
I felt last week was the window to go in when STX dipped to 1.665 at its lowest. This week and next might be tough.
not a gd time to go in now bro...
win_88 ( Date: 19-Apr-2012 16:52) Posted:
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can anyone tell mi what the best price to enter?? 1.715??? it seem lowest for the past few days.
yes they need to hold up the price for valuation of the company...
win_88 ( Date: 19-Apr-2012 15:40) Posted:
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