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Post by sptl123 on Mar 2, 2015 9:30:35 GMT 7
Sino Grandness's waterfall decline chart pattern has a confluence of dead cross 1, 2 & 3 = when fall off the cliff, the survival rate is zero. (The chart pattern is identical to SDRL). Sino Grandness's current situation eerily reminds me of ex-chairman of Blumont, Alex Molyneux's interview — Damage control plan in place, nothing more.Sino Grandness's further upside solely depends on the IPO listing of its Garden Fresh to be completed by Jun 2015. If the IPO is delayed / aborted, the convertible bond holders may or may not extend the maturity date of the second tranche of Convertible Bonds, which is due on Jun 2015. 用柳叶来擦眼睛,把天眼开了,就能看见鬼的模样! Interim TP S$0.355 hit on 2 Mar 2015, Sino Grandness's Next TP S$0.19 - still valid ~ 2 Mar 2015 Sino Grandness plunged to low of S$0.33 and traded @ S$0.34 (-0.09, -20.9%) with 8.26m shares done on 2 Mar 2015 at 9.52am. Bro Zuolun, I had a 6 figure losses in this counter at the end of Oct 2014. I am lucky to have sold them else i will incur substantial additional loss at today price. In one of your post in China Papaer, you escaped because you didn't like the body language of the management during AGM. That was also the reason I sold this counter. It was late but better than never. On the hindsight, if I were member of pertama forum earlier, I could have been in a better position in that counter. But again, it is late but better than never . Thank you Bro Zuolun! Thank you Pertama Forum !
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Post by zuolun on Mar 2, 2015 11:35:32 GMT 7
"Chew toh lao gao suan"...「树倒猢狲散」Once the tree falls, the monkeys will scatter. Sino Grandness shares sink on 4Q2014 loss, fundraising concernsBy Frankie Ho 2 Mar 2015 Shares of Sino Grandness Food Industry Group sank to their lowest in more than two years after the Shenzhen-headquartered canned food maker turned in a 4Q2014 net loss of RMB64 million ($14 million), reversing a profit of RMB32.5 million a year earlier. At 10:12am (0212 GMT), the stock was down 20.9% at 34 cents, off an early low of 33 cents, a level previously reached in January 2013. Sharply higher distribution, selling and finance costs, as well as losses in the fair-value of the convertible bonds issued by its Hong Kong unit Garden Fresh, weighed on its 4Q2014 bottom line. Overseas sales of its canned products also fell substantially during the quarter, down 48% at RMB70.4 million. The results brought its full-year earnings to RMB233.4 million, down from RMB287.7 million in 2013. The decrease was due to higher operating and finance costs and changes in the fair value of Garden Fresh's convertible bonds. "As Garden Fresh's IPO deadline of July 2015 draws near, Sino Grandness booked RMB34.9 million provisions for its convertible bonds," Maybank Kim Eng analyst Wei Bin wrote in a note today. "These may face redemption pressure in the next few months," he said, adding that the company may need to issue at least 30% more equity to repay its convertible bond holders if it has no other sources of funds. Wei, who has a "hold" call on the stock, cut his price target to 45 cents from 76 cents, valuing it at 3.5 times projected 2015 earnings.
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Post by zuolun on Mar 2, 2015 11:51:46 GMT 7
Bro Zuolun, I had a 6 figure losses in this counter at the end of Oct 2014. I am lucky to have sold them else i will incur substantial additional loss at today price. In one of your post in China Papaer, you escaped because you didn't like the body language of the management during AGM. That was also the reason I sold this counter. It was late but better than never. On the hindsight, if I were member of pertama forum earlier, I could have been in a better position in that counter. But again, it is late but better than never . Thank you Bro Zuolun! Thank you Pertama Forum ! Rotten stocks burned by fire... many companies never regain their past highs and some go bankrupt. 留得青山在,不怕没柴烧。While there's life there's hope.
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Post by zuolun on Mar 3, 2015 4:05:11 GMT 7
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Post by zuolun on Mar 6, 2015 15:06:40 GMT 7
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Post by sptl123 on Mar 6, 2015 15:35:25 GMT 7
I take my hat off to you Bro Zuolun ! You are a great fortune-teller of stocks . I am very fortunate to have cut loss in Oct 2014. The market is so unforgiving , BAD (buy and die).
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Post by zuolun on Mar 6, 2015 15:43:26 GMT 7
I take my hat off to you Bro Zuolun ! You are a great fortune-teller of stocks . I am very fortunate to have cut loss in Oct 2014. The market is so unforgiving , BAD (buy and die). sptl123, Even if Sino Grandness hits TP S$0.19, it won't stop there, instead, the fall will be fast and furious = freefall, which is similar to Sino Construction because when the house is on big fire, everyone kena trapped inside will run for their lives! Sometimes, retail investors need to get burnt very badly, then they'll know what's the real danger of playing with fire (S-Chips). Nietzsche was right: adversity makes you stronger.
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Post by zuolun on Mar 14, 2015 13:58:33 GMT 7
I take my hat off to you Bro Zuolun ! You are a great fortune-teller of stocks . I am very fortunate to have cut loss in Oct 2014. The market is so unforgiving , BAD (buy and die). sptl123, Even if Sino Grandness hits TP S$0.19, it won't stop there, instead, the fall will be fast and furious = freefall, which is similar to Sino Construction because when the house is on big fire, everyone kena trapped inside will run for their lives! Sometimes, retail investors need to get burnt very badly, then they'll know what's the real danger of playing with fire (S-Chips). Nietzsche was right: adversity makes you stronger. sptl123, Sino Grandness ~ A "Waterfall Decline" chart pattern, major bearish trend reversal with 5-Wave down, interim TP S$0.19Sino Grandness closed with a spinning top @ S$0.245 (+0.005, +2.1%) with 4.9m shares done on 13 Mar 2015. Immediate support @ S$0.19, immediate resistance @ S$0.275. Sino Grandness (weekly) ~ Trading in a downward sloping channel, biased to the downside
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Post by zuolun on Mar 16, 2015 12:20:01 GMT 7
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Post by zuolun on Apr 2, 2015 13:42:51 GMT 7
Sino Grandness ~ A "Waterfall Decline" chart pattern with 5-Wave down, interim TP S$0.19Sino Grandness traded @ S$0.315 (+0.005, +1.6%) with 389,100 shares done on 2 Apr 2015 at 2.40pm. Immediate support @ S$0.29, immediate resistance @ S$0.325. Sino Grandness (weekly) ~ Trading in a downward sloping channel, biased to the downside
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Post by huathuatleo on May 4, 2015 5:09:54 GMT 7
Hi Zuolun
Can you please help to update the chart for sino? Thanks,
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Post by zuolun on May 4, 2015 9:34:16 GMT 7
Hi Zuolun Can you please help to update the chart for sino? Thanks, huathuatleo, If you already know TA, you should be able to see that Sino Grandness's chart has a gap down @ S$0.415 with extremely high volume done in Mar 2015 (ref. chart below dated 2 Apr 2015). The huge gap has caused a technical damage on the chart - meaning the share price will continue its downward movement at lower low and lower high with strong resistance @ S$0.365 (at the red line). Unless the huge gap is closed convincingly (with extremely high volume at 20m shares X2), else every relief rally or dead cat bounce is SHORT / SELL ON STRENGTH.Sino Grandness ~ A "Waterfall Decline" chart pattern with 5-Wave down, interim TP S$0.19Sino Grandness traded @ S$0.315 (+0.005, +1.6%) with 389,100 shares done on 2 Apr 2015 at 2.40pm. Immediate support @ S$0.29, immediate resistance @ S$0.325.
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Post by huathuatleo on May 13, 2015 21:02:21 GMT 7
Believe with the surge today, SinoG had a breakout from the downtrend channel. A breakout from 41.5cts will confirm the uptrend.
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Post by zuolun on May 14, 2015 7:12:14 GMT 7
Hi Zuolun Can you please help to update the chart for sino? Thanks, huathuatleo, If you already know TA, you should be able to see that Sino Grandness's chart has a gap down @ S$0.415 with extremely high volume done in Mar 2015 (ref. chart below dated 2 Apr 2015). The huge gap has caused a technical damage on the chart - meaning the share price will continue its downward movement at lower low and lower high with strong resistance @ S$0.365 (at the red line). Unless the huge gap is closed convincingly (with extremely high volume at 20m shares X2), else every relief rally or dead cat bounce is SHORT / SELL ON STRENGTH.Believe with the surge today, SinoG had a breakout from the downtrend channel. A breakout from 41.5cts will confirm the uptrend. Bottom-fishing is the toughest gameplay in the stock market Sino Grandness has a potential Bearish Gartley (AB = CD pattern) similar to TigerAir's earlier version, here.
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Post by zuolun on May 20, 2015 23:21:23 GMT 7
Believe with the surge today, SinoG had a breakout from the downtrend channel. A breakout from 41.5cts will confirm the uptrend. Sino Grandness ~ Bearish Gartley Bat Pattern, interim TP S$0.475, next TP S$0.52Sino Grandness closed with a white marubozu @ S$0.405 (+0.03, +8%) with high volume done at 20.1m shares on 20 May 2015. Immediate support @ S$0.39, immediate resistance @ S$0.415. Expect Sino Grandness's gap between S$0.37 and S$0.415 created on 2 Mar 2015 to be successfully closed and the share price to shoot higher.
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