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Post by zuolun on Dec 3, 2013 17:10:36 GMT 7
Odie, Don't put too much money into penny/micro penny stocks anymore; focus on big & mid-cap blue-chip stocks instead. Currently, only a handful of participating players in the "ABL" saga (mainly ang moh brokerage firms) who were directly involved had publicly reported their losses. But the rest remained dead silent on how much they had lost (including foreign supporting/agent firms who need to buy/sell SGX-listed shares via MAS approved & licensed foreign/local brokerage firms). The aftershock/rippling effects of the S$8 billion (US$6.4 billion) losses from the "ABL" saga may be damaging and unimaginative; the initial negative impact — Singapore Equity Trading Plummets on Penny-Stock Curbs. Based on Blumont alone; under nominees a/cs, local brokerage firms involved are UOB, POEMS, OCBC...  pertama.freeforums.net/post/1487 |
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Post by oldman on Dec 3, 2013 17:31:12 GMT 7
Zuolun, good comment. The penny stock market here appears to have collapsed beyond what the Catalist index would suggest. The prices of the smaller stocks are under pressure day after day. This suggests that the hurt may be very deep and the big guys may need to take money out of the market to pay for the ABL fiasco.
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TCSS
Dec 3, 2013 19:24:46 GMT 7
Post by odie on Dec 3, 2013 19:24:46 GMT 7
Odie, Don't put too much money into penny/micro penny stocks anymore; focus on big & mid-cap blue-chip stocks instead. Currently, only a handful of participating players in the "ABL" saga (mainly ang moh brokerage firms) who were directly involved had publicly reported their losses. But the rest remained dead silent on how much they had lost (including foreign supporting/agent firms who need to buy/sell SGX-listed shares via MAS approved & licensed foreign/local brokerage firms). The aftershock/rippling effects of the S$8 billion (US$6.4 billion) losses from the "ABL" saga may be damaging and unimaginative; the initial negative impact — Singapore Equity Trading Plummets on Penny-Stock Curbs. Based on Blumont alone; under nominees a/cs, local brokerage firms involved are UOB, POEMS, OCBC... pertama.freeforums.net/post/1487noted with thanks zuolun bro will look at blue chips |
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Post by zuolun on Dec 4, 2013 11:26:38 GMT 7
odie, I've got no interest in Sheng Siong at all. Don't be mistaken that I intend to short it. My purpose of comparing Sheng Siong & Fragrance is primarily to inform starshine that both are trending down under their own weight, without extremely high volume to do the job. ( Note: starshine had vested interest in Sheng Siong @ S$0.67 per share and had already cut-loss.) Buying a strong uptrend stock after the last burst of fire bears the highest risks because the dividends gain may not be enough to cover the capital lost, which is likely to accelerate further, going forward. Simply put, the scenario is the same as the picture below.  Sheng Siong Vs Fragrance  |
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Post by zuolun on Dec 4, 2013 13:05:54 GMT 7
Zuolun, good comment. The penny stock market here appears to have collapsed beyond what the Catalist index would suggest. The prices of the smaller stocks are under pressure day after day. This suggests that the hurt may be very deep and the big guys may need to take money out of the market to pay for the ABL fiasco. oldman, China's version of Catalist (创业板) plunged 112.9 points or 8.26% on 2 Dec 2013. It hit record high of 1,400 points and collapsed to current 1,253 points. |
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Post by zuolun on Dec 4, 2013 15:02:35 GMT 7
With so many lawsuits related to the fiasco, maybe instead of the acronym ABL, we should use BAiL! oldman, Among the 4 major gameplays in the stock market; the toughest one is no. 4, which the "ABL" should be categorized. 1. IPO play 2. Fundamentals & Dividends play 3. M&A play 4. Turnaround/bottom-picking play |
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Post by oldman on Dec 4, 2013 15:09:39 GMT 7
But no 4 has the highest returns if played correctly, especially when it involves relative valuations between related listed companies. Maybe the end game was in sight with the rights issue at 5cts.
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Post by zuolun on Dec 4, 2013 15:32:40 GMT 7
But no 4 has the highest returns if played correctly, especially when it involves relative valuations between related listed companies. Maybe the end game was in sight with the rights issue at 5cts. Yes, most retailers love no. 4 especially when the share price keeps hitting record low day by day but the hidden risk is due to position sizing, i.e. if you buy supposedly rock-bottom-price stocks, you could win big but also lose big. Later, I'll dig and post one fantastic SGX micro penny stock which went up 5000% slow and steady...  |
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TCSS
Dec 4, 2013 17:38:50 GMT 7
odie likes this
Post by lemonade on Dec 4, 2013 17:38:50 GMT 7
Hi Oldman,
Nice to be here!
Oldman is very well respected & will visit here more often!
Hi Zuolun,
Hope everything well on your side!
Anyway, many are ban of brothers from TPG! The unwanted site that wanted to mimic oldman baby (SI) but never even come close!
I'm still in SI, but lately there is too much personal issues that are of useless.
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TCSS
Dec 4, 2013 19:08:01 GMT 7
Post by oldman on Dec 4, 2013 19:08:01 GMT 7
Lemonade, I have replied here: pertama.freeforums.net/post/1524/threadHi Oldman, Nice to be here! Oldman is very well respected & will visit here more often! Hi Zuolun, Hope everything well on your side! Anyway, many are ban of brothers from TPG! The unwanted site that wanted to mimic oldman baby (SI) but never even come close! I'm still in SI, but lately there is too much personal issues that are of useless. |
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Post by zuolun on Dec 5, 2013 12:51:09 GMT 7
Stopped out of my kepland long:) odie, As the major trend is down, to long Kepland around the crucial support @ S$3.50 has higher risk because it's a "countertrend" trade. A bearish downside breakout @ S$3.50 is a decisive signal to short, not long. If the lower low at S$3.28 could hold (chart pattern forming a huge descending triangle, neckline @ S$3.28), expect a dead cat bounce, i.e. massive short-covering, then the mid-term trading range would be bet. S$3.28 to S$3.76 (sideway rectangle trading range).  Kepland— Symmetrical triangle formation; crucial support S$3.50 |
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Post by zuolun on Dec 5, 2013 14:06:28 GMT 7
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Post by zuolun on Dec 5, 2013 15:04:38 GMT 7
Straits Times Index (STI)Wild price movement on the top 6 STI stocks could swing the SiMSCI and vice versa.
1. 12.21% for Singtel 2. 11.62% for DBS3. 10.84% for OCBC4. 10.73% for UOB5. 6.35% for KepCorp6. 3.73% for GLP
odie, KepCorp is consolidating in a long rectangle; properties stocks, especially CDL & Capitaland are trading lower low. The STI is now left with Singtel & the 3 banks as the last line of defense. If crucial supports of these stocks are broken convincingly with extremely high volume, they're prime targets for SHORT, not LONG. ( Note: Singtel's crucial support is @ S$3.65, the 6.8c dividends XD date is on 19 Dec 2013.) STI (Feb 2008 to Aug 2013) — The Elliott Wave pattern as at 28 Aug 2013 |
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Post by zuolun on Dec 5, 2013 16:00:01 GMT 7
odie, HKland is oversold, expect a dead cat bounce should price hit $5.55 (end of sub-wave-iii of wave-C down). HKland — The Elliott Wave pattern as at 30 Aug 2013 HKland — Bearish descending triangle breakout; interim TP $5.68
As at 2 Dec 2013 at 4.45pm.   |
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TCSS
Dec 5, 2013 19:35:53 GMT 7
Post by odie on Dec 5, 2013 19:35:53 GMT 7
Zuolun bro,
Thanks for advice
Crossing my fingers for botak bank:)
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