Discussion Of Other Stocks No.2 - 2006
Dear Thai stock traders and investors,
We start No.2 to make it short and speedy to load to your browser. For the previous posts, please click the links below archives on the side bar.
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Solar: This stock broke its downtrend channel. Looking good. Solar energy is a renewable energy, environmentally sound. I read some articles on the chinese solar batteries stocks which grew 4 times in the past several years. Germany is the largest user of solar energy in the world. Oil is so expensive. So I recommended this stock when it's quite low. Click the chart to enlarge. Good luck. (updated on 22 Feb. 06)
STAR: zorro suggested this stock and I did some TA analysis and uploaded its chart as follows. Click to enlarge. Remember use tight stop after entry. (updated on 17 Feb. 06)
TFD: zorro suggested this stock and I checked its chart and drew some lines on it. The price is now above 25DMA and 75DMA. It broke the downtrend channel. Looking interesting. If you like, you can get in with tight stop. Resistant areas are shown with two circles. Good luck. (updated on 15 Feb. 06)
RCL: If you are interested in shipping stock. I suggest this stock. To help you understand the trend, I uploaded the chart for your reference. Click the chart to enlarge. Use tight stop. Good luck. (13 Feb.06)
MME: This stock seems going up. Suggest "buy" with a stop at 8.00. If you bought, you are happy now. Move lpp to 13.0 (updated on 17 Feb. 06)
CI: shooting up finally as Punta predicted. Great call, Punta. Move LPP to 4.5 Enjoy. (updated on 15 Feb. 06)
posted by scrt4u @ Wednesday, February 01, 2006
149 Comments
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
149 Comments:
lvt: looks funny and volatile. some insider trading recently.
ynp: could be interesting to enter if the downresistance since august is broken.
zorro, if my memery is right, lvt was recommended by you and we put it on our cooking list, but I can't remember which issue it was. It's good for ST play.
YNP: I think it alread broke the downtrend. Now it seems in an uptrend. Look, since last Dec., every low is higher than the previous one. Maybe we can enter with a stop at 12.30?
ynp seems to have made a reversal. the downtrend line is not broken clearly, 25 avg (12.4 now) should act as support. in a couple of days the picture should be more clear as support and resistance are close together and then i will make a decision to enter.
lvt: a pitster named pusit asked in eddy's pit about entering some days ago
although i think that the set will head lower (top emerging, if 736 broken we will see 700-705) and it would be wise to wait a couple of days before entering, here are some picks with tight stops to play with if you are addicted to trading:
nch: rising support since low in november still intact and tested today, 1-year downresistance tested yesterday as well, 25 and 75 day avg soon crossing, if somebody is interested, enter with intradaystop 1.2
pap: something from our old cooking list, still much sideways, strong support = stoploss = 15.8-16
seafco: made a turtle reversal, tested w-line at 3.9, resistance 4.25, if you enter set stop at 3.9
theco: if 1.23 is taken out, 1.75 will be next target, not sure about the entry point and stop, maybe scrt4u could give a comment.
KCAR: zorro, what do you think of this stock?
SNC: if you have this stock, lock profit is better.
KTP: vow, what a "pig fly"! Could it be another SC?
turtle reversal ? Not in any technical analysis book. Please explain
kcar: difficult to make analysis on a stock that traded for a short time only, better use fundamentals. could continue the run or fall back to 5.25 as the rsi is now 73
to novice: see an example at http://www.tradingday.com/c/tatuto/thebigw.html
kcar: phillip recommends to take profit as it is close to fair value of 5.89
zorro, what happened to MIDA?
Mida ex rights.
Better get in on IRP soon as it will go to 6+ after results. Play ar your own risk. scrt4u what do your charts show on this?
IRP: chart looks OK, if you enter now, set stop at 4.75. Good luck.
CI: move lpp to 4.42
PICNI: started warming up again.
IRP: move lpp to 5.05
CI: move lpp to 4.70 enjoy.
THECO: move lpp up to 1.5 Enjoy
WIN: looking interesting.
MS: zorro, any news on this stock?
GSTEEL: broke up the downtrend channel. In with a stop at 1.35 Resistance at 1.57 Good luck.
SMC: now above 25DMA and 75DMA. zorro, what is your view?
have a look at Match-w1!
It got some volume.
pau
theco: this stock is in the cooking section, you should post the lpp over there.
ms: still squezzed by 25 and 75 day avg, act on breakout.
smc: caught my attention today as well, volume a bit weak usually and seems to peak if it is as strong as today. lots of unloading at 1.92-1.96, i don't think this one will fly like theco did. better to wait a couple of days to see if the volume remains strong.
match-w1: ex-price is 7.27 while match is about 2 and not traded today. don't get burned.
just saw the theco-chart with lpp uploaded - well done!
scrt4u, how frequently are you checking for new comments in the other sections? posted some tips in the trading rules section, which should be helpfull to those who are not that long trading the thai market.
zorro, I've added your tips in the Trading Rules section. Thanks.
AI seems active again as their additional capacity wl finish soon..any comment on this one?
Ueda
mida: don't have a rights adjusted chart, difficult to comment on.
jas: showed some buying interest today. touched the 25 avg (previously support, now resistance) which is still increasing but i doubt it will be broken. a fall back to the 75 avg seems to be on the card, so watch the lines. a little bit of similarity to nsm recently, which had a strong day on the 7th an plunged on the 8. would be no surprise to see jas tumble on the 9th. place your bets!
ms: wait for the breakout to enter
umi: see my comment in the other section
ai: exit if close <=10.2. i can't see much upside as it is trading below the important averages.
remark: the analysis was made after 5 beers, better if scrt4u can confirm my clouded view. cheers.
zorro, as a Chinese saying goes, you tell the truth after drinking beers.
MS: looking the most interesting. Its OBV looks very nice, but who knows what direction the punters will punt the price!
INET: could it fly, zorro?
I don't remember that someone recommended a stock related with solar batteries. what stock is solar related in SET?
http://www.set.or.th/set/newsdetails.do?filename=dat%2Fprsnews%2Fnews%2F0831NWS090220060846133692E.txt&headline=The+detail+of+Siam+Commercial+Bank+Financial&type=R&symbol=SOLAR&time=1139449569000&localeoverriding=yes&country=US&language=en
inet: connect june, october and january highs for important resistance line. looks now like doublebuttom, but i prefer to buy on breakout of the resistance.
lost, thank you for the info on Solar stock. I will keep an eye on this kinds of stock.
Solar: now it's still in downtrend.
SHIN: This stock have already moved out of its uptrend channel. It seems losing up momentum. Suggest IP or EXIT. If the horse does not run, change horse.
with traditional energy cost skyrocketing, alternative energy always have good potential.
ethenol mite be more workable at this moment thou.
lost, that is why I start to seek renewable energy stocks. Solar is one of them. But now the direction of the stock is not clear. Maybe it's forming a double bottom. It needs some more time to have a clearer picture.
Any input on SOLAR's product?
solar: had its peak in june (same time as oil was peaking?) and is falling since while oilstocks following the oilprice. as far as i remember it was overpriced according broker fair value, nice downchannel since august. for products visit their website: http://www.solartron.co.th/ (can't acess it right now) or read: http://www.set.or.th/set/companyinfo.do?type=profile
Just wonder if its product (solar) could ever be a viable replacement or even supplement to traditional energy, at this point, I would rather put my money in ethanol producer rather than solar energy.
MME: resistance around 11. Move lpp to 9.5 Enjoy. 555
SAFE: if you have this stock, lock your profit, at least part of your profit today.
scrt4u: did you put the "Profit In GOLD 2% Daily for life long" -link on your blog? i would remove it as such websites are 99% scam
removed it
rcl: as i posted in the other section, rcl has a resistance at 25. on friday this resistance was reached and today there is a pullback. the 25 resistance is tough as it is the low of nov./dec. and the falling downresistance since oct.last year. not a good day to enter....
RCL: still in the uptrend channel altough there is a pullback today.
CI: lock part of your profit and move lpp up to 4.75
rcl rebounded as the rsi was oversold (other shippers as well). same happened during the nov./dec. rebound where it could not sustain above the previous low in july. rsi has now reached the level same as previous rebounds. don't put too much hope in it.
sillyfools, well done with MACO. It's a successful day trading. Practice makes perfect. Go on doing so and improve your strategy after each day trading and you will laugh all the way to back.
NOBLE: in downtrend channel.
NCH: use tight stop.
nch: from eddy today: play with support 1.2-1.3 and resistance 1.5-1.6
MME: Go on moving up. Move llp to 10. Enjoy.
KTP: if you have this stock, move your lpp to 5.25
finally my CCP also flying high tdy...huhh not bad waiting one month for avrg +22% now
sillyfools
sillyfools, well done again.
sillyfools, move lpp to 2.60 for your CCP
tfd: a 1-day run like svoa did or the next shooting star?
tfd: can't find any research. p/bv 0.64. seems to make a w-reversal and tested the resistance around 0.95. a break of this line might give a target of 1.15-1.2. q4 results should come out soon……
nsm: with a p/bv of 0.32 it is cheap but the chart is looking weak. will it fall back to 0.5 or is it a good time to accumulate as volume is getting weak?
nsm: it's hard to say it will fall back to 0.5 or not. Don't guess it but wait it to show its new trend and ride on it.
jas: a bit same scenario like nsm. after nsm broke the 25 avg in dec with a strong jump, the 75 avg was resistance for a couple of days and then taken outwith another strong jump. then 25 avg broken down and landed on 75 now. if it holds up a couple of days i will get in. jas went a bit smoother than nsm but as the 25 avg was broken it should visit the 75 avg, now at 0.47. maybe if nsm reacts to the 75 avg, jas will do the same.
i think jas will go down if nsm does not react positivly to the 75 day avg which it touched now (this means a couple of days sideways trading and then up or directly up for nsm). jas has a bit of support now ad 0.5 and could go down to 0.4 (see also bartons chart). at this stage i would load up but now it is a wait and see.
mida: rather a buy or hold than a sell.
ms: this could go on for a while but as longer the sideway tradings goes, the stronger will be the breakout. compare the pattern between sept./nov. with nov./feb.: some mirror effect. the reaction of the first pattern was a break down, if the mirror keeps working, there should be a break upwards soon.
keep holding, now that the petition was rejected by the court, stocks could fly.
psl: broke my resistance. chances are high that rcl will follow.
star: another ramp started
RCI: looking warming up. quietely get in with a tight stop. Good luck.
SMIT: looking warming up.
KCAR: gap up today. Sth. cooking? You could by some with a stop at 5.65. Good luck.
Q-CON: looking good. In with tight stop.
GSTEEL: In with stop at 1.29. Good luck.
What's your support level for DE..0.6? i hv difficulties to judge n it's worth to buy on weakness i guess
Fyi i heard someone wl fry KTECH to 4baht next march, let's see
sillyfools
de: now just slightly above 25 and 75 day avg, if it does go down to 0.6, things are getting dangerous.
the second peak was lower than the first peak but had higher volume. did the punters changed their plan and bailed out?
ktech: looks like a cup with handle, volume today improving and bouncing from the 125 day avg. breakout above 2.2 could be the sign of the next run as then the 25 day avg is taken out, which it tested today.
scrt4u, what do you think of SUPER's chart? thanks
Super: In response to someone's request, I checked this stock's chart. It looks like a upside down Shoulder+head+should pattern (20 Feb. and 14 Feb. are two shoulders; 3 Feb. is the head). Now it's in a downtrend channel. If it can break 2.0-2.10, there is a hope that it can get out of the downtrend channel. Price is above 25DMA and 74DMA. RSI looking OK. Its William % looking good. OBV looking good. So if it won't break the support at 1.80, you may get in with a stop at 1.80. Hope these TA analysis are helpful. Good luck.
DE: Use 0.65 to test if the punter have bailed out. If it breaks 0.65, don't get in.
KTECH: still in downtrend channel. Wait and see.
KTECH: check the weekly chart and I think if the rumer is right, it can reach 3.5 - 4.
why down ktech
dont make this blog an origin of rumour
Julian
Posted on 17/2/06
CI: move lpp to 5.0 or higher. Enjoy :)
i m interesting in MK and SPALI, what do u think about them???
BB
Hei Julian I just share what I heard KTECH from a credible source & I dont like rumours either...technically i agreed with zorro & scrt4u
sillyfools
SPALI: still in uptrend channel. Move up your lpp accordingly.
MK: If can't break 2.8, stay out. If already in, set lpp at 2.6
SUPER's chart looks extremely like UMI's.
scrt4u, do you like any of those charts: smm, cpr, btc, uv?
zorro, my views:
SMM: chart looking nice but 9 Feb.candlestick made it ambiguous.
CPR: chart is good looking.
BTC: looking good.
UV: looking good but long upper handle with big volume on 17 Feb. made it ambiguous.
maybe i will add some btc to my lt-portefolio, p/bv only 0.67...
SOLAR: broke channel. looking good.
SOLAR: move lpp to 8.25
TFI: looking interesting.
Can I have your view on the Finance and securities sector. Can we expect the sector to recover. I am exposed in this area, and looking for some comforting words and technical data to cuddle
Finace & Securities Sector as a whole is still in downtrend. If 1075 cannot stop the downtrend, next probable support is btw 1004-1025. A look at the wkly chart and you can see it's been moving along a horizontal channel (1025-1250). Hope helpful to you.
fns-w1 is falling. You can not be so sure where it will stop. Don't guess it before it shows you the reversal or rebound signal.
finance: there is a wedge in the making, thus a st-rebound can be expected if the downtrend line since january is broken
fns-w1: you are playing with the fire, good chance that the warrant will expire worthless
tpi: near channel support. those who believe in the company and in channels should enter.
Hi Zorro,
Would Zmico-w3 become worthless?
It seems to going below 2 now.
Thaijz
Hi i'd like to get ur opinion for the following, TKS, SVOA, ILINK, BTC and SYNTEC
Thanks
BB
zmico-w3: still 3 years to expiry, but it is a bit expensive (black&scholes value 1 baht only).
let's say zmico would double during the 3 years, the warrant would be worth 2 baht = no profit. investing in the stock would bring 100% profit plus dividend.
if zmico can reach 12 baht (200% gain), the warrant would be worth 6 (as well 200%), but even then it would make more sense to buy the stock as the warrant does not pay a dividend
SYNTEC: in downtrend.
ILINK: in uptrend for some time. If you enter, use tight stop.
TKS and SVOA: cooking.
Hello again, this is the Finance and Securities concerned party with a big exposure.... thankyou yesterday for your kind comments.... I hold ASP.KEST.PHATRA... any specific advice on these boys.
Thanks for ur advice. How about GFPT, it's alway btw14-16, do u think is about time to going up???
BB
syntec: now at 75 day avg which could act as a support, i would not enter right now, rather observe if it can hold
ilink: some research papers published recently, phillip recommended a buy with fair value 7.something, if I remember correctly. could face some resistance soon because it reached the 1 year high.
tks: didn't i comment about it some time ago or is there a similar chart? watch the downtrend since last august and buy on a breakout.
svoa: there is a chart on barton's website this week, take a look, something for longterm.
asp + kest: could make a triple bottom, a bit further downside on the cards, too late to sell, buy on st-trendchange.
phatra: could be developing a sideways-up-channel since last september, seems to perform better than kest and asp
gfpt: this stock looks dead, should see 14 again
ASP: if 3.96-4.0 can stop the downtrend, there is a hope to form a tripple bottom. ASP is a good broker in Thailand. You can enter but if it breaks the tripple support, exit.
KEST: still down.
PHATRA: seems in a rebound trend, if enter, use tight stop.
GFPT: in downtrend.
bnt: something for knifecatchers and daytraders, could be a rebound coming, because 0.6-0.62 = 75 day avg and average from alltime low and recent high. don't use the restroom if you are entering and keep the finger close to the sell-button.
heii I was off for couple days and my NOBLE has done preety well since last week, any adv whats resistance level?and also bought NCH @1.31..is it worth to hold it further thx.
sillyfools
noble: seems to be on a nice run, 5.8- 6 could be the next strong resistance for medium term (see weekly chart), noble seems to take a breather after each jump, now with the volume peak it might take a while until we see another jump again. a bit difficult to predict but i would hold for longterm and set a stop at 4-4.25, increasing every week (the rising support since its low should work fine as a stop)
nch: seems to be game over, broke 25 day avg and rising support, now testing 75 avg which is the "last chance", eddy suggested a support of 1.2-1.3 a week ago, but I am not so sure it will hold.
noble: on our cooking list for a long time. Now it's is wave3, be cautious.
NCH: from the chart you can see the major punters offloaded most of their chips on 7 Feb. 06. Now it's in a downtrend channel, and it broke the previous uptrend channel support. They can smash it as low as they like.
silyfools, if you can not keep your eys on the screen for a couple of days. I think you'd better sell your NCH (loss 5% already) and sell most of your NOBLE.
thx for adv, wl reduce my port here anyway until clearer situation nextweek
sillyfools
SOLAR: move lpp to 9. Enjoy.
MS: up a little today. Maybe the Mr.MS has got what he wanted.
SMIT: looking good. stop at 2.0
finance: broke out of the wedge today, should be more rebound coming now.
Zorro and Scrtu, thanks for your honest information. keep up the good work. (Finance investor)
How about GFPT now? CPF could be the next to move .... results will be superb like GFPT and should continue Chai Mai?
gfpt: made a jump today because earnings were better than expected. resistance at 16.5 still looming, the question is if investors are eager to jump in. aren't they doing something with chicken? not sure how long they will be around...
cpf: on the weekly chart with last weeks closing cpf was above the 25 week average (5.7) which is a good supporting avg. today it dropped to 5.4 which would be a first warning signal, if fridays close is not some ticks in the green. the daily chart looks weak, rsi getting oversold, a drop to 5 and then a rebound could be on the cards. are the good results already priced in or have insiders knowledge of worse than expected results and are selling ahead? most of the brokers have a buy rating with average fair value of 6.8, so what is going on? bird flue scare?
CPF: There is no smoke without fire.
zorro, what happened to FNS-w1? Big volume.
finance warrants: rebounded after falling steeply, reason was rebound of finance sector so the gamblers are rushing in. yes, this is not foreign buying or institutional buying, these are gamblers! (watch the insider trading, where you can see sometimes insiders selling their stock and buying the warrant, but they do this only when the warrant is in the money, warrant < stockprice - exprice)
i have explained at the example of zmico, why it is safer to buy into the stock if the warrant is overpriced. let's do the same calculation for fns-w1: ex-price = 25, fns = 14, this means until expiry (oct. this year = 8 month) fns needs to climb > 67 %, otherwise the warrant will be worthless, or 75 % to 26.3 so that the warrant is in the money. this equals to approx. 9 % per month. not impossible but unlikely.
lets say, it will happen, that fns reaches 26.3: investing in the stock would have made you a nice gain (75%) while the warrant will be unchanged. to get the same percentage of gain (either investing in the stock or warrant), fns needs to reach 27.4 or an increase of 87 %.
now let's say, fns will fly and double to 30 baht: in this case you would be better off with the warrant (285% versus 100%), but is it worth to take the risk to lose all your money?
look at the fns chart: the last time it was trading above the ex-price was 11 month ago, will it recover within 7-8 month (remember the warrant will be suspended 1 month earlier)? the chart is still bearish, lower highs and lower lows, that is why i will bet that fns-w1 will end 0.
warrants are always a burden for the stock (dilution), only the warrant holders are interested to get a good price for the warrant while stockholders do not want the shares to be diluted. the performance depends on who is holding the cards. just remember all those warrants like scb-c1, tisco-c1 which expired worthless, or cpf-w1 which dropped nearly to 0 because cpf was trading close to the exercise price. and did you see the performance of those stocks after the warrant had expired?
now have a look at sicco-w3: sicco is trading slightly above exprice, intrinsic value of the warrant is 0.15. with 7 month to go, the chances of the warrant being in the money are far greater than with fns. sicco needs to climb within 7 month 30 % only and you will have the same gain as investing in the warrant.
let's say sicco would increase 87 % (the figure fns needs so that fns-w1 outperforms), sicco-w3 would inrease 270 %
the warrants have both a high gearing and are volatile. punters rush in if they expect some upside, but it is the insider and moneymaker who controls the game. some time ago I made the same calculations for tt&t-w1 in the snakepit ( wasn't it learner who was gambling with it?) at this time tt&t-w1 was at 2, now it has lost more than half of its value while the mothershare is pretty much unchanged. got my point? sure, you can jump in on a rebound, but you have to know when to leave. if you want to invest, you need to do the math, that's why people like black & scholes spent a lot of time developing formulars to calculate the fair value of a warrant.
something more about fns-w1: looking at the chart, there is a downtrend-resistance from 2nd of february. now pull the chart, draw the line and look where fns-w1 had today its high and ended. yes, exactly at this line. two possibilities for tomorrow: 1) the warrant opens > 1.22 which gives a high chance of further gains as the trend line is broken , or 2) it opens < 1.22 and you will see it tumbling further. second scenario is a bit unlikely and fridays the set closes more often up than down, so i wish you luck for further gains. will i jump in? i did this in my early trading years and always lost because i was a bit too greedy......
to zorro : thank you for your excellent comment.
I only want to add this :it´s SET and sometimes shares and specificly warrants "behave" "irregular" -remember cpf & warrant shortly before cpf-w1 expired ,so therefore it´s extremly high risk-high return to play such warrants
and you have to sit in front of the terminal all the time while you trade.
pau
Pau, you are right. High risk => 2 results: 1) get rich quickly; 2)get broke quickly. This is not investment but gamble.
zorro, are you in very good mode today? Excellent posts on "How to play warrant". If you compile these posts together, I can publish them as e-books (not free). Give zorro a big hand! :)
i used to trade warrants some years ago, as they offered plenty of upside on the longterm. got burned during september 11 and chose to play safer. now i keep always an eye on them but most of them are way too expensive. wrote a little bit more than usual as i want to prevent others from making the same mistakes. warrants are good for investment if the overall market is trading very low and the expiration day is a couple of years ahead. could write some more pages ....
I'm thinking this may be an ASL rerun. Around 94m warrants @ ratio 1:1 outstanding and 60m taken up yesterday with only 125m shares issued and biggest shareholder around 20% and 15% with freefloat of 50%. There was a definate attempt to get it going when the market had better tone.
vnt: look at the chart and annual report, i think is about to move up, any advice????
BB
learner: congrats on your play. why do i have the feeling that your nickname does not reflect your actual experience? maybe you are even more experienced than me?
learner is a modest nickname.
GSTEEL: broke its flag patern, moving up.
UOBKH: looking good.
POWER: broke downtrend channel if close above 7 today. Already broke 5DMA and 10DMA.
zmico also said to buy jas when it was higher....
btc: fell back below 25 day avg and is now in a triangle since january (usually bearish). rather a wait and see now. if you get in now, use 1.7 as stop. otherwise buy on breakout
maybe i know a bit about stocks, but politics......
will have a look on your selection during the weekend.....now have to prepare for the nightlife
notaclue, MS is still good to hold but be cautious.
learner, CEI is forming a flag pattern which could break up or down. Glue your eyes on the screen. About the warrants, zorro can give excellent answers to your selection.
VNT: in response to someone's question, I think this stock has been in consolidation since last Oct. When a stock is in consolidation, there will be two results: up or down. It's up to the majors for the stock to go up or go down. So better wait and see. Don't guess it
for learner:
cei: on a 1 year chart cei seems to be in a wide downchannel since june. after a reversal in november, cei had a nice run and is now in consolidation and could face a new low. the consolidation phase looks like a bearish triangle, cei now trading below 15 and 25 day avg. if the triangle is broken to the upside, the 25 day avg should be taken out in the same move as both lines are close together now. better to buy on breakout. support is the horizontal triangle line at 2.5 and the 75 day avg at 2.4
ci: recent volume is encouraging. look at the weekly chart to see how much ci has dropped in recent years. will it repeat the 2003-rally when it quadrupelt within 3 month? the 15 day average might be useful as support and lpp, not so sure.
tt&t-w1: too expensive to hold longer than necessary (even worse than as fns-w1), let's have a look at the mother share first: the downresistance since january 27 has been broken on last friday unless the breakout was a false one or there is another parallel line through the high on 26th of january. if it was a false breakout, tt&t should take a dive on monday and close below the 75 day avg. (mondays are usually downdays, so take care). if the rebound continues it might end at the 25 day avg approx. at 3.4-3.46. the warrant should (i repeat should) rebound or drop with the mother, 1.5 will be all what is possible (unless the gamblers are going nuts), but don't sit back and wait for it.
ewc-w1: too expensive as well. warrant and the mother share are still in the downtrend since january, but this could be cleared in a couple of days. If broken, it might be worth to hold longer than 1 day (but not longer than 1 month)
power: not trading long enough, could make a run (wedge breakout?) or still be in a narrow downchannel. as it nearly reached the alltime low, the bargain hunters seem to get in now. worth a try with target 10.
for not a clue:
aj: someday the punters will push it up. for now I would rather buy on a dip than jump in right now. a bit similar to de and svoa.
mlink: now below 25 day avg but on the 125 day avg, could either rebound or drop to 2.55 where the 75 day avg is located.
mida: as long as it stays above 2.04 you can hold it.
ms: tender offer price gives not much upside, switch to something more interesting, maybe tfd will have a run on monday if 0.96 is taken out. watch and jump in.
to scrt4u:
gsteel looks ok
uobkh could stall at the 25 day avg
nwr + emc: some insider buying recently, maybe they want to keep the price above 1 and 2 baht
notaclue:
if you still hold your MLINK, be patient, it will come tmr
JAS come back to 0.51
Recommend you to enter GSTEEL
Regards
CHEAP
CHEAP, thank you for joining our group.
btc: since you are already in, hold with a stop of 1.7
tpi: mentioned earlier already that it was time to get in again to play the channel, still ok to enter now.
picni: although a possible downtrend since 10th of january was broken today, picni faces resistance along the 25 day avg. the capital increase is coming (1 new share at 1 baht for 2 existing), unless you want to buy more shares at 1 baht, better stay away. of course the insiders could ramp picni up in order to get the people to subscribe to the new shares, but i would not bet on it.
Blogger,
Any opinion on TPAC?
Thanks
tpac: trading only for a short period of time in a narrow band, technical analysis not usefull now.
I thought so too. Anyone know anything more about the company other than those post on the SET profile page?
Tks
To honkie,
TPAC: looking in uptrend. If you really like it, you can buy some with tight stop. Good luck.
Hello Again, following from Mr Sir Scrt4U's positive stance on GSTEEL, I also feel mighty sure this has limited downside risk as its trading at a PE of 6.6, 36% below MS with a PE of 8.9. It has similar revenues and better managed inventories. Steel prices are rising in response to China 10% inc and India so and the steel index is moving up now at 478US$. I fully support Scrt4U's stance (Finance Investor)
steel index is moving up now at 478US$
Where can be found steel index?
http://www.steelbb.com/
Hello again, this website is pretty useful as a steel source of information, and the basic price index. I also read today in the Asia Wallstreet that positive on the steel industries and Co's in Japan have increases in SP yesterday. Best of Luck (Finance Investor)
http://www.cruspi.com/ another good site about steel...
don't forget nsm with a cheap p/bv, trend now not very clear, but could provide more upside than the other steel stocks
both SSI and GSTEEL are enjoying new steel prices at around 455-480/ton with their cost of slabs at 377/ton. Recommend you to accumulate. GSTEEL's TA looking good. Also KPN, automotive stock is very interesting.
Posted by
CHEAP
tk: something is going on.
i just came across this site and it looks very interesting.
how come no more comment after February ?
has everyone gone ?
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