Chip Eng Seng   

ChipEngS Squeeze

Guys, I just cashed out.  Handsome profit.  Still maintain that it is a good mid term investment.  Looking out for other counter...

 

can anyone teach me how to calculate its PE after tax (22.8, from sharejunction's chart) ? i am currently looking at its annual report 2006 and learning to do the basic FA but fail to get that number . thx.

 

 

Read in SGX dated 15 May 07 that CES sold shares at $0.50 to Citadel Equity Fund Ltd on 11 May and the nominee for the stake is Merrill Lynch Singapore.

Price to soar much higher? 

 

For everyone's info.  Looking good.

 

Anybody know what happen? Why the price has increase 6 cents before one hour counter close?  Good news again? More project? from oversea?  Should buy in on Monday?  so many question mark...  Anyway, I agree, it is worth to hold, it is profitable and good fundemental company, especially in this economic climate.

 

Still more upside for this counter to run.

1.  Closed with a very bullish candle.

2.  Bollinger squeeze breakout reaffirmed again today with another buy signal.

Good luck to those still vested.

 

for those who invested, dun be too eager to cash out unless u need $.  It should be a worthly mid term investment.  cheers!

 

congrats to those who vested

 

For a middle term, it should be worth holding.  In general, all property/construction cos should go up wtih some jitters.  Looked thru the profiles of penny stock companies of such business and this is a better managed one with reasonable PE.  Bought some a few weeks ago at 0.45.  Trading vol is low now and is still holding at around 0.515.  My guess - if there is big movement/high volume, it should be upwards - unless the market crashes (choi choi choi!).

 

Ricky, since you're already nicely in the money, I think it is okay to ride the momentum for a possible higher gain.  Indicators still look decent.

 

 

Hi rayphua, thank you for the explanation. I dont really know how to read chart.  Somehow "heng heng" vested at 47 cents before the trading halt. Now wondering whether to take profit as I am going away or just keep it for longer term.

 

 

Nice upwards gap for ChipEngS for those who are already vested since last week.  Fyi, buy signal showed on Thursday when I vested at 0.505.  I didn't manage to post as I was monitoring a few other counters where my investments were high.  Trading volume was high with prices done from 0.4755 to 0.52.  There will be some profit taking from those who vested at that time because of this gap but I will not be liquidating just yet.  Would suggest you monitor the trading range at least for the morning to see where the direction is heading before vesting.

 

So @ wat price would you advise us to vest @ thanks

 

Hi Ricky.  Yes, squeeze means tight range.  A tight range is a consolidation period with an impending breakout; usually a time when we should monitor a stock, not vest as we don't know how long this period would last.  In this case, ChipEngS on TA is showing a breakout from a decent squeeze with a buy signal.  I suppose I should title it as ChipEngS Squeeze Breakout, instead of just ChipEngS Squeeze.

 

 

Hi rayphua, dont mind my asking - does "squeeze" also means "tight range " ?  Thank you.

 

BUY.

Good luck.