OCBC Bank    Last:16.35    +0.12

OCBC

Hi everyone! I'm buying this stock once it hits $5 and holding it for the long term. Any advice from value investors here?

My personal finance blog

 

Shares was split then to start off at... Just info sharing. 

Alligator      ( Date: 22-Oct-2008 16:26) Posted: 3 mar 2003, its price was $4.10

 

3 mar 2003, its price was $4.10

 

5.86 today! This counter also kena!! I think all bannks down.
Look out! Bottoming out soon, just don't know when...LOL.

chinastar      ( Date: 08-Sep-2008 03:56) Posted: will hit 7 dollars anyway HLJHLJ      ( Date: 05-Sep-2008 17:00) Posted: TA shows a reversal,  becoming bearish now. Candlestick is very red and wide with high vol. Not a good sign. Be cautious. If it goes on, might hit the old $7 support. I'm doing nothing for the time being. My opinion only

 

is gd time to buy? Any bro has TA?

 

ah yoh, not sure 5 yrs later still be around to see it go up again or not??

last evening went NUH to visit fr. scary loh, looking at those diabetic's patient. my fr left leg amputated

lately. this 59's yr old frd went in due to injury on right leg but chopped off the left ones.

looking at the grey colour of the right leg, after 5 mths of treatment, not optimistic for recovering liao.

the moral of the story is, life is short, dun think so much. relax lah.

 

$5.95 is at 5-yr low

 

will hit 7 dollars anyway

HLJHLJ      ( Date: 05-Sep-2008 17:00) Posted: TA shows a reversal,  becoming bearish now. Candlestick is very red and wide with high vol. Not a good sign. Be cautious. If it goes on, might hit the old $7 support. I'm doing nothing for the time being. My opinion only

 

TA shows a reversal,  becoming bearish now. Candlestick is very red and wide with high vol. Not a good sign. Be cautious. If it goes on, might hit the old $7 support.

I'm doing nothing for the time being. My opinion only

 

 OCBC and UOB are forming breakdown pattern with OCBC leads the way.

 

TA shows a uptrend. MACD crossing over 0, MA crossed long ago.
Looks like going up in the medium term. My opinion only based on TA.

 

Just noticed that there was a after-mkt-closed trade of 192,000 shares done @ $8.40..... 10cts higher than the pre-close last traded price??!! Any guess, why or who?

 

AK opine that now suddenly it got Aids, his health trend tapakai leow. my view loh.

 

As posted before that I'll wait because MA crossover not merging yet. Now TA is still not very convincing yet. MACD ok, MA crossover closing up but Williams turns down again. Will wait for williams to turn up first.

 

CDP will only buy back for naked shortist at 11.30hrs on T + 4.

That pre-close action could be the shortist last min decided not to do any naked shorting, cut lost and chow liao. however, the shortists may not acquire what he had shorted as sellers are only hv 342 lots(some of them may be other buyer taken). The remaining lots, the shortist will wait liao.

The other possible scenario is that players played down the price. As OCBC had indirect connection with the 2 troubled mortgage finance copanies in us on CDOs, amounting to US249m. That could be a reason for players to manupulate loh. Players also bet that Fed will render help to both coy in due course, another bullet for the players to keep.

Henceforth, ai si mai si liao, don't touch this burger, until it reveal its record card later.

 

Time	Last	Vol
17:05:04	7.95	342000
16:59:55	7.92	38000

Why jump from 7.92 to 7.95 for 342 lots ? Is it SGX bought for the shortist who have not covered back ?

 

Hi Elfin, Can you do a supports and candlesticks for OCBC (since you may waiting for this stock) bcos SJ gives only 1 yr graph. Thanks.

 

strange, not much effect leh. now down 2 cts. other 2 giant bank remain engine stopped.

as local banks last Qtr expected to be not as good as compared to the same period previously, down adjustment is unavoidable. stay away from them is a better option. your judgement and other lobang other can be given.

 

OCBC, Singapore's third largest bank, gave more details, saying it had an indirect exposure to the two US companies through its investment in complex debt derivatives.

'The bank has a total investment of US$249 million in corporate CDOs, which comprise diversified portfolios of corporate credits in the US, Europe, Asia and elsewhere. Of this amount, US$49 million of the CDOs contain 3 per cent exposure to Fannie Mae and Freddie Mac,' OCBC said in a statement.

OCBC said its insurance subsidiary, Great Eastern Holdings, has a total exposure of $37 million (US$27.5 million) to Fannie Mae via investments in debt securities and credit-linked notes. -- REUTERS 15/Jul/08

 

1.

Date of notice to issuer *

07-07-2008

2.

Name of Director *

David Philbrick Conner

3.	Please tick one or more appropriate box(es): *
	Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV]

>> PART II

1.

Date of change of Interest

07-07-2008

2.

Name of Registered Holder

David Philbrick Conner

3.	Circumstance(s) giving rise to the interest or change in interest	# Others
	# Please specify details	Subscription for ordinary shares under OCBC Employee Share Purchase Plan.

4.

Information relating to shares held in the name of the Registered Holder

No. of Shares held before the change 1,109,380   As a percentage of issued share capital 0.03173 %   No. of Shares which are subject of this notice 11,162   As a percentage of issued share capital 0.00032 %   Amount of consideration (excluding brokerage and stamp duties) per share paid or received 6.45     No. of Shares held after the change 1,120,542   As a percentage of issued share capital 0.03205 %