Mermaid Maritime    Last:0.114    +0.003

Mermaid

PPlp selling their rights...so if u buy it now..later u have to pay 0.64 to subscribe the rights.

Yr cost will be 0.22(the price of the rights) + 0.64 (to subscribe the rights) = 0.86

sharebear      ( Date: 30-Oct-2009 09:48) Posted: Could someone please explain how the trading of rights works? I don't understand why the price is ranging from 0.205-0.220. Aren't we paying 0.64 for these rights?

 

Could someone please explain how the trading of rights works? I don't understand why the price is ranging from 0.205-0.220. Aren't we paying 0.64 for these rights?

 

Yes, many thx...

Bintang      ( Date: 29-Oct-2009 22:41) Posted: Hi Bon 3260 , According to the chart , mermaid could only go up to 94 cents if DJ could close at even few hundred points positively . Do u know that many people are out there waiting for loss -cutting , very few people think now is low enough to buy share . So is the situation clear now ? Bintang      ( Date: 29-Oct-2009 22:40) Posted:

 

Hi Bon 3260 , According to the chart , mermaid could only go up to 94 cents if DJ could close at even few hundred points positively . Do u know that many people are out there waiting for loss -cutting , very few people think now is low enough to buy share . So is the situation clear now ?

Bintang      ( Date: 29-Oct-2009 22:40) Posted: Bon3260      ( Date: 29-Oct-2009 20:38) Posted: Hi Bintang, Can u use simple English 2 explain? Means tmr'll up / dwn?

 

Bon3260      ( Date: 29-Oct-2009 20:38) Posted: Hi Bintang, Can u use simple English 2 explain? Means tmr'll up / dwn? Bintang      ( Date: 29-Oct-2009 19:13) Posted: The technical rebound or rather short covering may not last for long , today mermaid rebounded  to 86.5 cents , n was stopped by the 55MA . ADX is already heading down at 29 n directional  movement index is negatively placed .

 

Hi Bintang,

Can u use simple English 2 explain? Means tmr'll up / dwn?

Bintang      ( Date: 29-Oct-2009 19:13) Posted: The technical rebound or rather short covering may not last for long , today mermaid rebounded  to 86.5 cents , n was stopped by the 55MA . ADX is already heading down at 29 n directional  movement index is negatively placed . stockbuyer      ( Date: 29-Oct-2009 11:46) Posted: By the way, other than the start of trading  of the right shares, any other reason for the sell-down? Bintan even says may go further down to 74 cts.

 

The technical rebound or rather short covering may not last for long , today mermaid rebounded  to 86.5 cents , n was stopped by the 55MA .

ADX is already heading down at 29 n directional  movement index is negatively placed .

stockbuyer      ( Date: 29-Oct-2009 11:46) Posted: By the way, other than the start of trading  of the right shares, any other reason for the sell-down? Bintan even says may go further down to 74 cts.

 

Sold mine @ 86cts, luckily didnt cut loss this morning.

 

yup, I sold at 0.835 and queued to buy back at 0.8. This plan didn't work..

 

Mermaid is recovering,...

 

By the way, other than the start of trading  of the right shares, any other reason for the sell-down? Bintan even says may go further down to 74 cts.

 

Thanks for your advise.

Laulan      ( Date: 29-Oct-2009 11:19) Posted: Hi stockbuyer and those newbies who continue to lose money in stock markets, my advice is to stop playing speculative shares.  Go for blue chips for longer term investment.  Buy mid caps and small caps only if they are undervalued in terms of net asset backing per share or/and whose businesses or services are attractive, potential or intensively sought after. The best business will be the monopolistic business that are in demand. However, if after buying what you thought are the best counters and even then you are still losing money, please stay away from this game. My 2 cents.

 

Hi stockbuyer and those newbies who continue to lose money in stock markets, my advice is to stop playing speculative shares.  Go for blue chips for longer term investment.  Buy mid caps and small caps only if they are undervalued in terms of net asset backing per share or/and whose businesses or services are attractive, potential or intensively sought after. The best business will be the monopolistic business that are in demand.

However, if after buying what you thought are the best counters and even then you are still losing money, please stay away from this game.

My 2 cents.

 

Oops, just checked w CDP. The right entitlement will be updated tomorrow, on the day the right trading starts. :)

Minty88      ( Date: 29-Oct-2009 10:46) Posted: Hi, for those who are entitle to the rights. Has you CPD online statement been updated with the number of rights entitlement? I have checked mine today, still no indication.

 

Hi, for those who are entitle to the rights. Has you CPD online statement been updated with the number of rights entitlement?

I have checked mine today, still no indication.

 

 

Mermaid has almost achieved the downside target at 80 cents today , if this support still could not hold , then we may see it going down to 74 cents .

Bintang      ( Date: 28-Oct-2009 19:51) Posted: Now the support is at 85 cents , n further down is 80 cents . Bintang      ( Date: 26-Oct-2009 22:01) Posted: Mermaid is now forming a symmetrical triangle , the short term support is at 92 cents , breaking the support could move down to 85 cents , n may  go further down to 80 cents by calculating the base of the symmetrical triangle .

 

tat's a wise move.

 

Ahhaha, a sea of RED!

The good thing is I sold most yesterday.

The bad ... I am still holding MER. I got it just before rights. Didn't expect it to nosedive. Disastrous!

 

imo 80 cts can't hold.

 

Now the support is at 85 cents , n further down is 80 cents .

Bintang      ( Date: 26-Oct-2009 22:01) Posted: Mermaid is now forming a symmetrical triangle , the short term support is at 92 cents , breaking the support could move down to 85 cents , n may  go further down to 80 cents by calculating the base of the symmetrical triangle .  Bintang      ( Date: 26-Oct-2009 17:44) Posted: Trend is your friend , do not against the trend

Bon3260      ( Date: 28-Oct-2009 16:50) Posted: Me too oso hv done e same mistakes like u... As wat I always said, no worries... Money can earn back. If can, hold tis Mermaid lah. Time'll cm 1 day. stockbuyer      ( Date: 28-Oct-2009 16:34) Posted: Actually this morning was hesitating as whether to cut loss @ 88cts or not, but was abit slow and price suddenly drop fast all the way to 86, really got no luck.