ST Engineering    Last:7.63    +0.12

ST Engg

Bought 2 lots @2.89 before market close for longterm holdings.
Will buy some more along the way to average out for long term.
I think ok to average down for blue chips, esp this one.

Medium term is 3.5  by one broking company. Will wait for this level to exit.

elfinchilde      ( Date: 24-Jun-2008 16:44) Posted: on pure BUSD data, and momentum. Intraday techs only: morning session counter showed little movement: 2.95 open to 2.93 close at lunchtime. afternoon: "Padding" at 1423 hr first with buy ups. First tanking begins 1448 hrs, 162 lots thrown down.  Period of rest, real "action" begins 1601 hrs @ 2.91. Hit it down to 2.86 in 8 min flat. Then recovery to now, 2.9. False queues both ways appearing and continuing throughout. What is known as 'stacking'. Some retail shortists in action too: they got in late though, abt 2.89-2.9. May get caught by day's close. Just some play on an otherwise zzz day. Rotational; easy for BB to target this counter cos the queue is actually very thin. o/w, longterm, it's still a call for first initial buy.

 

note: caveat emptor applies to all my posts. pls know your own time frame and risk appetite before buying/selling. your time frame will determine what and how you play. the rest is personality. what's meat to one man may be poison to another.

 

on pure BUSD data, and momentum. Intraday techs only:

morning session counter showed little movement: 2.95 open to 2.93 close at lunchtime.

afternoon: "Padding" at 1423 hr first with buy ups.

First tanking begins 1448 hrs, 162 lots thrown down.  Period of rest, real "action" begins 1601 hrs @ 2.91. Hit it down to 2.86 in 8 min flat.

Then recovery to now, 2.9.

False queues both ways appearing and continuing throughout. What is known as 'stacking'. Some retail shortists in action too: they got in late though, abt 2.89-2.9. May get caught by day's close.

Just some play on an otherwise zzz day. Rotational; easy for BB to target this counter cos the queue is actually very thin.

o/w, longterm, it's still a call for first initial buy.

 

Watch them "tank" it?.. hmmm... I'm quite new. Could you elaborate on what might be going on?

elfinchilde      ( Date: 24-Jun-2008 16:08) Posted: getting played now; watch them tank it. quite obvious which house playing.

 

getting played now; watch them tank it. quite obvious which house playing.

 

I would agree on the possible bottoming; but as to whether it is ready for a new uptrend/breakout, nothing is cast in stone yet. Looks more in consolidation mode.

Nevertheless a good stock to look out for. Be advised this is a 'slow n steady' type of stock rather than those '10c in 4 hrs' type of stock.

 

Based on TA, the stock seem to have hit a bottom.

 

under the recession threat, who want to spend $ to the country defence's needs? with the skyrocketing fuel hike, global airlines alrdy reduce their flights schedules and cutting staff.

will military increases their flights traning schedules, including firing misiles practices, buying new aircraft and related aux eqpt etc. Of course some military esb are exceptional, ie country x owing to own safety loh.

another typicall exp, Phi floods, getting US aircraft to help to airlift the affected, though the people always against the US. 

 

...with the exception of one thing, which analysts will not be able to call: a significant proportion of STE's business comes from military and govt dealings. Not commercial.

These are essentially recession-proof. The more global trouble there is, do you think the need for weapons will go up or down? We're a country that spends 4% of its GDP on military needs. How much do you think China, India, Pakistan, the US spends?  

Fundamental-wise, that's the unknown constant for this counter.

 

DBS Vickers downgrades ST Engineering to Fully Valued from Hold, cuts target price to $2.80 from $3.50. Broker says U.S. aviation industry to take major hit from spiraling oil price; "according to the main industry trade association's forecast, the U.S. aviation industry may stand to lose over US$10 billion this year." Warns ST Aerospace may face cutbacks in workflow as major airlines seek to cut costs. Advises investors to switch into SIA Engineering as says it offers higher earnings visibility, more stable growth.

 

Seem like alot of interest in this stock today. Is there going to be an uptrend?

 

IF israel does not attack iran.

 

concur with u.......mayb can buy mid next mth... Cheers.

 

as today Zaobao's analyst said it is not wised to buy in stock at this period, seeing down trend. your call leow. wanted to buy in SIA this late afternoon but friend caught me with beer, no deal. Monitor next week first.

 

Wait first, though TA shows good signs. Monday will be a bad day as DOW is now -144.

 

Hmm.. Noticed ST's CEO bought 70 lots at $2.96. Perhaps it's a good sign?

 

Price broke natural resistance of 314-316 a week ago.  This resistance was tested 4 times over 2-3 mths, so a break down was impending.  Strong buy/vol over the last 2 days on dip, stock found support on 288-290 & closed higher than the lows.  It should be ready for a new uptrend within these few days.

 

hopefully the statement could be changed to past tense... "price was going down"...

probably can do a reversal if can close up the gap with a positive white candle 

jasonongsc      ( Date: 20-Jun-2008 09:31) Posted: wow price is going really down

 

wow price is going really down

 

anybody saw the beautiful candlestick formed?