Post Reply
481-500 of 1823
Good Post
pharoah88 ( Date: 23-Apr-2010 10:08) Posted:
|
TGiF interruptiOns
prOfit TAKiNG
fOrced SALE
MERMAID
SPILL OVER ?
The Edge
Mid-Week Comment April 21: Offshore optimism
Written by Goola Warden
Thursday, 22 April 2010 10:03
.............. . ... . ..
Separately, Yangzijiang has applied to the TWSE (Taiwanese Stock Exchange) to list its TDRs on that exchange,
according to the Taipei business press.
Actually, investors had started to take a second look at the marine and offshore sector before these two events.
The trigger was probably the announcement by Cosco Corporation back in March that it had clinched a repeat
order from Sevan Marine for its one-of-kind cylindrical semi-sub. This time, the order value was US$500 million
compared to US$190 million for the first semi-sub in 2006.
Then on Apr 16, Brazilian oil major Petrobras announced it had signed on Apr 4 a “Strategic Cooperation
Agreement with China Petrochemical Cooperation (Sinopec) and China Development Bank Corporation (CDB)
aimed at assessing mutually beneficial opportunities on the areas of cooperation.”
According to the announcement by Petrobras, the agreement includes the cooperation between Petrobras and
Sinopec in Exploration & Production (E&P); Downstream; Petrochemical and Fertilisers; and Services and
Procurement.
“In the E&P area, there stands out the intention of the parties to assess future partnerships, including the
possibility of selling part of Petrobras’s interest in blocks BM-PAMA-3 and BM-PAMA-8, located in the
Para-Maranhao Basin,” the announcement states. Petrobras also said that it is negotiating on financing with
China Development Bank Corporation. Sinopec may need an additional two semi-subs to develop the two blocks
and analysts believe the order could go to state-owned Chinese shipyards such as Cosco.
............................ .. . . .
CHART VIEW
.................. .. ..
Offshore and marine stocks such as Baker Tech, Yangzijiang, Cosco and SembMarine have
run up significantly and are now experiencing consolidations/corrections.
Their uptrends remain very much intact and there is nothing yet to suggest a reversal. Note
though that Yangzijiang has developed a short-term bearish formation in the candlestick charts,
but the correction should be temporary.
........ . .. .... ... ....
Announcement Title * COSCO CLINCHES CONTRACT WORTH MORE THAN USD500 MILLION FOR SEVAN DRILLER II RIG
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_ED5818EDA4FBAA0D482576E700162DB6/$file/COSCO_Annt_COSCO_SevanDrillerIIRIG.pdf?openelement
INVESTMENT UNIVERSE
ZERO SUM GAME
At every PRiCE POiNT, there are bOth Buyers and Sellers.
WithOut hindsight, bOth Buyers and Sellers are RiGHT.
bOth Buyers and Sellers are nOt wrOng.
nO Buyer wOuld BUY if One thinks that PRiCE will FALL.
nO Seller wOuld SELL if One thinks that PRiCE will RiSE.
If all Buyers think that PRiCE will FALL, nObOdy buys and PRiCE falls and falls till ZERO.
If all Sellers think that PRiCE will RiSE, nObOdy sells and PRiCE RiSES and RiSES till INFINITY.
It is all a matter of PERSONAL PERSPECTIVES
bOth Buyers and Sellers have
EXACTLY THE SAME OBJECTIVE
PROFITS
bOth Buyers and Sellers NEVER AIM tO lOse
S$1.18
RE-RATING OVERDUE
Pharoah seem like to sing his/her counter up...................
haha
See Pharoah at a few counter........................
Come on don't need to sing so much. A counter is good, it will definately go up. But don't mislead ppl than ok......hehe
Haha, anyway good work. Give u a A *.
pharoah88 ( Date: 22-Apr-2010 19:45) Posted:
|
S$1.18
ZHi Zi says,
"One sEEs what One dOes nOt sEE
One dOes nOt sEE what One sEEs"
risktaker ( Date: 22-Apr-2010 19:27) Posted:
|
pharoah88 ( Date: 22-Apr-2010 17:18) Posted:
|
BasEd On PAST MERMAID HABIT
mOst LiKEly Up AGAiN tOmOrrOw
(Friday: 23 APRIL 2010)
happytrading ( Date: 22-Apr-2010 09:16) Posted:
|
S$1.18
MY LOBSTER
BACK HOME
Thursday: 22 APRIL 2010 16:36:51
S$0.835 1,000,000
9th POSITION
TOP VOLUME
24,619,000 CLOSING
S$0.835 +S$0.030
S$1.18
MY LOBSTER
BACK HOME
Thursday: 22 APRIL 2010 16:36:51
S$0.835 1,000,000
This is a good post to edcuate the newbies
Hehehe
pharoah88 ( Date: 22-Apr-2010 14:21) Posted:
|
"SELLER TRAP" means
there are BUYERS WAiTiNG to PiCK UP
SELLERS' SHARES at CHEAPO PRiCES
due tO PANiC SELLiNG.
Note: KEP CORP just went UP S$0.190.
sEEms LiKE OIL & GAS SECTOR RE-RATING
happytrading ( Date: 22-Apr-2010 12:59) Posted:
|
happytrading ( Date: 22-Apr-2010 13:42) Posted:
|
chin chim, kong si mi
dealer0168 ( Date: 22-Apr-2010 13:31) Posted:
|
Seller more than buyer. Same as yesterday. Seems like ppl are clearing stock. N new player (fortunate or unfortunate depends) are rushing in.
Interesting ............
Hey Pharoah
Means what? Sell or hold???
pharoah88 ( Date: 22-Apr-2010 11:45) Posted:
|
AWARE SELLTRAP
dOn't bE fOOlEd
pharoah88 ( Date: 22-Apr-2010 09:00) Posted:
|