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Most of the midcap and Penney stocks are oversold. Monitoring the situation for the reentry.
ozone2002 ( Date: 05-Oct-2009 14:54) Posted:
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vested 98. Technically OVERSOLD!! capitalizing on the bounce,.
Something seems to have gone wrong with this counter. Given almost every counter is bleeding this week but Rotary has experienced a 22% drop in value just these 2 weeks although there were no apparent bad news on the company.. i have been holding this for 2 years and was patiently awaiting more good news but have to cut losses last week. What a waste!
any potential in this counter? had been holding for quite sometime but no action. any advice from seniors?
hopefully not. at least get some run 2ml
walk also baupie, worry hantakaki....
no strength to run. :(
1.28!.. yes.. moving up baby!
ozone2002 ( Date: 21-Sep-2009 10:32) Posted:
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This is a solid stock to keep for dividends too...
But make sure you force yourself to sell it when the price doubles...
spot on on the breakout..:)
technicals now trending up..
DYODD
ozone2002 ( Date: 18-Sep-2009 09:32) Posted:
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Rotary had consolidated its position after hitting new high at $1.30 some 3 weeks ago . At the same time , it formed the ascending triangle ,the breakout of the triangle was done with increasing volume last Friday (18/9) . The pattern was completed on a decisive close above the upper line of the triangle , so now this upper line should act as support on subsequent dips after the breakout , this point is at $1.22 which is also supported by 10MA , 30MA n 55MA . From here we could obtain the minimum target price at $1.49 by measuring the height of the triangle n add it to the breakout point .
Thu, 17 Sep 2009, 10:22:40 SGT OCBC Investment Research
Summary:
Since we recommended Rotary Engineering (Rotary) as a positive themed investment on 8 Jul 09, Rotary has returned ~62%
while the FSSTI gained 18% during the same period. As mentioned during the 2Q09 briefing, Rotary is still pursuing
projects in the region despite clinching the landmark US$745m SATORP project in Saudi Arabia.
While caution is still prevalent, credit has loosened somewhat and Rotary should be able to seal a deal before the year is out.
Management has also updated us that a 50-man SATORP team will be based here with the Rotary team with initial
procurement starting end 2009. Engineering and design work is slated to be finished 2Q10.
Subsequently, material take-off will start and revenue recognition will ramp up. On the local front, 10 projects are slated to
conclude by 2H09 and we think tail-end variation orders will be awarded and will accrete positively. With good progress on
the SATORP project, more regional-based projects slated to come online and improved equity risk appetite, we have
re-pegged our valuation to 13x FY10F EPS (prev. 12x).
Iterate BUY for Rotary with a fair value of S$1.37 (prev. S$1.26).
It's moving!!!!!!! .. good vol buy up
ozone2002 ( Date: 17-Sep-2009 15:10) Posted:
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This counter heading down soon...
rotary bollinger bands are tight..
technical indicators are oversold..
time for a move to the upside..
vested 1.21
slight retreat for big leap forward
look like no power these day. any comments?
broke 1.28.. time for flight :)
Rotary again broke new high to reach $1.30 today , the next target is still unchanged at $1.41 , n support is at $1.28 now .
Bintang ( Date: 25-Aug-2009 10:16) Posted:
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Rotary finally broke new high to $1.30 with large volume , its trend may go up further .