Stocks Discussion No.10-2006
posted by scrt4u @ Monday, October 02, 2006
293 Comments
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02 October 2006
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- Cooking list No. 9
- Stocks Discussion No.9-2006
- Successful recommendation list
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- Welcome to Cooking list No. 8
- Discussion Of Other Stocks No.8 - 2006
- Welcome to Cooking list No. 7
- Discussion Of Other Stocks No.7 - 2006
- Cooking list of Stocks - No.6 2006
- Discussion Of Other Stocks No.6 - 2006
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293 Comments:
Zorro, may IO hv ur comment on STHAI & STHAI-W1 pls.
Thanks
hongkie, maybe zorro is too busy. Let me try to answer your question.
Sthai: looking tricky. It could go up or down. If you like to speculate it, use tight stop.
Sthai-w1: I think it is interesting. stop=1.59
Who know where we can have free chart of SET, preferably daily and real time chart? Thanks.
sthai: have to agree with scrt4u
sthai-w1: don't follow this one, but with an ex-price of 2 and sthai trading at 5.8, the warrant is at a steep discount at 1.68. strange. you might verify this datas as i took them from 1 broker only and often these numbers are wrong.
Thanks Zo & Scrt for your comment.
Zorro, your convert price of B2.00 is correct.
Stay away from STHAI. It has a P/BV of ten times and negative P/E. This is clearly a manipulated stock like PICNI was. Picnic went down from 26 baht to 50 satang , I would not be surprised to see Sunthais to go down to 10 satang and then get delisted.
Thanks for your warning gaudente.
Is Bland going anywhere?
bland: nothing exiting, in sideway channel, could be played between 0.64 and 0.78, buy low, sell high.
AKR's good @ current price?
Answer to jj - AKR is nearing its resistance at 2.64. You can now only watch thing happening. If you ask me yestoday, I would suggest you jump in. Now I don't.
TWZ: this stock broke out today. If you like, chase it with a stop @ 12.50 Good luck.
RS: broke out previous high @ 3.48. Dare to chase? If gut is not strong enough, just watch it happening and learn this lesson for next opportunity.
NWR: several days ago, someone ask which is the good stock in property. I suggested NWR. If he bought it below 0.70, now he is in profit of over 10%. Aha, many 10% allow you to try many opportunity with a stop at 7%. Right?
AJ: you don't believe this stock is cooking? I blindly guess it is cooking for making the money for Xmas and New Year! Wait and see ;)
MCOT: This is kim Eng's chart pick. The price dived a lot because of the coop. I think this time Kim Eng told you the truth. Resistance at 35. Good luck.
UMI: two funds got stuck in the stock. Will they quit without making money? Probably not. Wait and see. I guess it is cooking.
GSTEEL: it is now in uptrend. If you like, enter with a stop at 0.90
Good luck.
CFRESH: there seems a strong support at 2.20. Even the coop did not smash it down much. Why? Most probably cooking. Let's wait and see if my blind guess is right or not.
PSAP: looks interesting again. Enter with a stop at 1.15. Good luck.
Q-CON: a small broke out.
MME: still cooking.
TWZ: move LPP to 13.30
RS: move stop to 3.65.
Why didn't you get in bay and bay-w1 on 3 Oct. 2006? Now you'd better ask zorro.
AJ: got in and set stop @ 2.95
TWZ: if you listened to our call to chase it and you are in profit of 6%. Just half day. Not bad? :)
DSGT: broke out previous high. Seems in an uptrend. Dare to chase? If you do, use tight stop.
Actually we have showed you how to chase a stock. If you like this blog, why not tell your friends? On the side menu (near the top) there is a "Email this site >>>" link, just click it.
Any good buys/ good chase for today?
AJ is a good buy for today.
What's your opinion on CCET-W1 & DE?
answer to your question:
CCET-w1: some res at 0.73
DE: near previous high res.
SUSCO: still interesting. HOld it.
NSM: chefs seem still cooking.
NWR: res at around 0.8. Move LPP to 0.74.
ADVANC: in downtrend. If 80 can stop the falling, try your luck with tigh stop.
NOBLE: broke out previous high. If you chase it, set stop at 5 Good luck.
Several days ago I recommend you AP when it was at 3.72-3.74 today more than 10% same as your NWR
I ask you to keep watching ASP, as it will break 4 baht for sure, judging from its performance, not long after this day.
Hi, thanks for your recommendation. I hope you make more. If you have AP, move your LPP to 4.1 and pay attention to its res at 4.5
ASP: If it can break out 4, chase it. Good luck.
tks scrt4u
I hope the new Finance Min. will bring better sentiments to the Financial Sectors including sentiments among big players of ASP, I foresee target at 4.40
TRUE is a good buy at this price around 9, hold it to sell above 10. This stock always bounces back above 10 from this level.
LALIN: today it broke out res. at 5.15 but some ST profit taker. If you have it move your LPP to 5.15
PAE: after 7 years, it is allowed to trade again. If you have it, set your stop/LPP at 1.85. Good luck.
TRUE: If you buy this stock, set stop at 8.7 Good luck.
PTL: I repeat again that this stock is cooking. If you like, pls quietly sit at the table without disturbing the chefs. Mark my words and let's if my blind guess is right or wrong ;)
N-park: keep an eye on this stock.
PSAP: looking interesting again.
RRC: interesting again. Stop 19 or a little lower. Good luck.
tomorrow TTA will be the super star as BDI is advancing strongly and the index could stay above the exponential avg. line, this indicates that the index will continue to be advancing for next few days.
Suisse
UMI - Guess we will see some action on this slow-coach very soon.
MME - What is happening to this "space-mountain" ? Heavy sell-off yesterday.
UMI san
Just back after a long long hibernation.
my cpn is more active than your TTA
PAE: move LPP to 2.15
TTA is not supper star today (10 October 06). So BDI seems not the as accurate as you expected. Pls note the ST resistance is around 28.
LH: looks a little interesting. Stop 7.25
SSEC: broke out. If you chase, set stop at 1.48. Good luck.
scrt4u could you check KTB
res vs support
tks
Orawee
UMI - The chefs has got a banquet on the cards.
UMI san
for ASP to break 4 baht, must be a nice dream, thorough whole year the volumes are very peanut, must wait until mid Nov. 06
GSTEEL
after every stock surges, owners need money to pay bonus too.
TTA loses its chance to go higher, tonight BDI may fall into negative again.
posted by Huang,
Answer to Orawee's question:
Blind guess on KTB
1st res=11.90; 2nd res=12.20
1st supp=11.50; 2nd supp=11.30
SECC: broke out. If you chase, set stop at 3.10 or higher. Good luck.
TPIPL: it seems warmer and warmer.
AMC: looks interesting again. stop = 2.34. Good luck.
VNG: seems broke out. stop=4.5
IRP: broke out but its RSI is about 80. Be cautious. Good luck.
RS: since our recommended entry, it's up about 10%. Move LPP to 3.98
GBX: interesting
BCP: keep an eye on it.
if SET cannot stay above 700 it may correct to 690 one more time
Hu
at this moment of the year, volumes still modest, this is not the normal situ. Actually, volumes should be 20 billion up/day, this is serious, local retailers and institutes may leave the markets for good. Active accounts now below 30,000 a/cs
I agreed
retailers' money get stuck in stocks, no fresh money
Waiting foreigners to help, but will they help?
Pornsri S.
Not Really, SET lacks big players from political fronts. Normally they play around 4-5 billion/day but due to fear of property investigation, volume diminished.
Pi Yai
Market is very narrow Only 2 or 3 syndicates were active, but it seems to be picking up a bit.
Anonymous, where can I get information on the number of active accounts as in "Active accounts now below 30,000 a/cs"
Thanks in advance.
I worked with 15 brokers recently and one of my findings with these brokers really indicated that out of 60-65,000 active a/cs, only 50% are actively functioning.
Who knows? After the Great Flood, hospitals are best places. After my quote, someones may want to sell, do it, I will buy. BGH has been here for several months dropped from 33+ but profits increase QoQ, YoY
Veronica M.
set: reaches resistance today (705), high volume could indicate a peak, be careful what you buy today.
tks you for yur explanation of volumes but often, the explanation is not relevant.
EnERgy still moves nowhere, zinc price increases a lot, oil is cheaper and cheaper (down to 55) making RCL v. profitable, other real sectors should benefit more
some hotels & hospital still move nowhere. Fear of China IPO is nonsense.
Posted by Somjesda
thx for info on accounts. The positibve aspect is that there is potentially a lot of money on the sidelines - but maybe the market has to go up enough to bail inactive accounts out of their losses. The amount of money on the sidelines is easy to underestimate.
Actually, retailers have been on the Sell side throughout this year, so they must have purchasing power, yes don't underestimate. One day when all of them feel the need to raise money for their children on New Year, SET would fly on the new space chuttle.
Oui Said
punta, you are right
market is getting better and better, I foresee next week up, market will reach 20 billion/day
Jo
Oil price down plays
Energy costs e.g. cold storage CFRESH ASIAN SCCC TPIPL +ve
Substitution natural chemical e.g rubber for Synthetic e.g STA
High fuel costs SSC (distribution of heavy low value product) THAI? hedging? RCL?
Raw materials prices: TASCO TFI? AJ? PTL? Depends on contract
Processing margins? Could be tricky as to whether positive effect
Wuz come over all fundamental all of a sudden. Better off looking for the next ramp.
News from B.O.T. this morning
New Funds are flowing into Thailand
Jo
When monies leave Energy Sector to others, many small shares' prices are having new high but if you notice well, many others are still in the swamp
That is normal. They leave the launchpad in a que to prevent collisions in the takeoff zone.
"retailers have been on the Sell side throughout this year"
Forced sales maybe - Volume came in in 2003 when stocks were very high. Suspect selling has been forced unwinding but as it is gambling money for most not life savings small enough to replenish from salary e.g Kim Eng average account size is 50,000 - just above the minimum.
SET is up with small volume could be because people are unwilling to sell as they have been forced to sell low for the whole life as you said, and many may have nothing to sell.
posted by CHEAP
CHEAP speaks something worth listening.
When SET was around 690 and trying to break 700 several times, I heard brokers/analysts said "SET would be see-sawing around 690-695 and would go nowhere unless it could break 700 or 702." This gives an indication that if SET could break 700 or 702, SET could go further.
But immediately when SET breaks 700, I begin to hear from you that SET is now too high and would collapse to 690 one more time. What is it? Jealousy is really a green eyed monster?
set: the 705 resistance is a line connecting the highs on 16.8. and 19.9.,if broken we could see a further rise to the resistance of an uptrend channel in the area of 730. foreigners are still net buyer so i wonder what all the brokers tell us about selling pressure for the chinese ipo. this afternoon we will be a bit wiser.
Hey ! the same brokers/analysts who told you that SET could advance further if it could break 700 level, today they talk about "over bought", "Low Volume" "Divergence", etc, etc., immediately after it breaks 700
hahahahaha, don't listen to them, listen only to your Chef, or "Kha Yai" and buy good ones that still in the swamp. For stocks that are weak in fundamental but punted, wait, it would be restored very soon like elastic band.
Kriengkrai P.
Zorro: My brokers told me to sell/avoid banks as foreigners' source of money for the China IPO, but I saw them buy every day, esp., banks including today. The said IPO started two days ago.
It's said that the Singaporean Prime Minister met with the new PM of Thailand. Singapore is going to recognize the new government of Thailand. So many stocks related to Thaksin such as ITV, sattel, shin, etc rebounced alot this afternoon.
scrt4u, the news is not the PM meets with Thai PM, the news is that Temasek intends to reduce its stakes in SHIN Group, this make tension about "concessions" reduced and thus helped share prices. But It is sentiment only,as it is very difficult in action. For example, who will buy from Temasek, problem about nominee that cannot be delete even Temasek wants to reduce its proportion.
posted by CHEAP
notaclue, here is the update on points:
TMB: set stop at 3.10
NWR: set stop/LPP at 0.75
NSM: set stop at 0.35
SUSCO: move LPP to 0.45
Because of the good news from political aspec, some stock rebounced toady. Dare to chase?
ITV: broke out. Res seems at 3.50
SC: if chase, use tight stop.
SATTEL: broke out. stop @ 8/higher
SHIN: broke out down trend but near previous high. Be cautious.
NNCL: broke out but near the 1.71 res.
Just "blind guess" for your info. Play at your own risk. Good luck.
THAI: I guess this stock is losing momentum. Suggest you lock some profit or RP. You have the final say.
CHEAP, thanks for your post.
What about some property stocks since oil is down now? LH? RAIMON? and construction companies? ITD? STEC? SATTEL is it a good buy? NNCL or HEMRAJ? or both?
Looks to me like SHIN rumours are being utilised for offloading in others. Stakes in MLINK, WIN SC etc need to be converted into cash.
I notice that when the BDI is up strongly, there will be Sell off next morning (like today), the same as on October 6. Highly recommend you to enter (in red)
posted by CHEAP
I think the volume is starting to pick up, brokerage sector should do good, pick up KEST and ASP. Hotel sector MINT looks beautiful if it breaks 10.
One is pleased.
Yes several days ago I recommended AP and then ASP, I believe around Oct.- Nov. 06 both will be around 4.50-4.80
I think GSTEEL has been moving nowhere for several weeks, try your lucks. My blind guess, owners may be uncomfortable when they bought their PP at 1.50 recently.
Where can we check the BDI?
http://www.investmenttools.com/futures/bdi_baltic_dry_index_m.htm
http://www.naftemporiki.gr/markets/quotegraph.asp?id=.BADI&ctime=3M&cperiodicity=D&cstyle=L
in the next 15 months, if you think KK is more profitable than TTA, then buy KK. Think
Any comment on TRAF, DISTAR and SGF? LT & ST please.
Thanks
DISTAR (and MIDA) warming up and likely to do the same as DE. TRAF riskier- beware of exit ramp - belongs Wongsawat family (Thaksin's sister family. SGF showed signs of preparation and life and early this year but not doing a lot now
anonymous: KK's earning in the next 15 months wl be around 4 baht, whereas TTA's earning can be more. You will see that with the pressure of low level of BDI for the first 8 months this year, TTA can still make more than 5 baht for the whole fiscal year.
posted by CHEAP
how about AIT, UV?
ueda
What about ccet-w1 and picni again?
Thank you very much .
pau
AIT and UV still good LT buys at these levels.
recommend you to re enter ASP at 3.70, no need to be hurry
appreciate your adv but i prefer zorro's or scrt4u comment thx!
ueda
hah DSGT moving further up...did I tell u last month it wl break IPO @3.2
Got some ADVANC and BBL, time to sell and take profit or HOLD?
zrro, I can not access the TA chart recently. Could you please answer our fans' questions?
ait:close to the double peak at 18, will be a resistance but should be broken, maybe after a small retreat. buy on weakness with stop 16 or on breakout, 1st target 21, then 23.
uv: reaching the previous high now, would not buy. rsi shows bearish divergence, if you hold it better take profit.
ccet-w1: looks like it is breaking a falling resistance since august. volume increasing, looking good. watch the rising support of the mothershare since april. if this line is broken, it would be better to exit the warrant.
picni is cooking, no idea when it can pull up. as this is a dangerous stock, better to act on a breakout above 0.45 with strong volume to play it for st.
advanc: rebounded with low volume, i expect it to fail the resistance at 96. the possible upside after the res. is broken is too small to outweigh the downside risk. take profit.
bbl: strong resistance at 120 and very strong resistance at 125, maybe will peak together with set index hitting 730-735. sell on strength.
zorro, thanks.
zorro, scrt4u,
your view on SGF & SIAM please.
Thanks
I made profit from above suggestions several rounds and then come back to my BGH, it still moves nowhere, so I think I can park my money here
Hua S.K
electronic sectors are over bought
BGH : wont go anywhere for several months, if it goes, it goes fast and furious. Earmarked my words
post by CHEAP
to zorro : thanks for advice-picni is under probe again bkk post today !
Ccet-w1 took off today.
What about iec,ck-w1,smm,theco ?
Thank you ,
pau
Thanks Zorrow for ur comments on ADVANC and BBL. Cheers
KM
to notaclue:
nsm: still cooking, just hold it and wait
nwr: there will be a bit profit taking after it could not break the previous high at 0.8. for those who want to enter, 0.65-0.7 will be ok.
susco: cooking in the range between 0.42 and 0.5. only the cook knows when dinner will be served.
tpipl: broke the important horizontal support at 10 in september and recovered, now it seems to weaken again. i would prefer to switch as the next downturn could be big. if there is no cash in the portefolio, tpipl would be my choice of sell.
to hongkie:
sgf: a bit unsure, you could buy with a tight stop at 0.55 to minimize losses.
siam: st support at 4.4-4.5 but it looks a bit like a bearish triangle. if you want to buy, set stop at 4.4
to hua and cheap::
bgh: uptrend was broken in august, i would not get in
to pau:
iec: in downchannel since february, the channel is wide and steep, so it could go down a lot before hitting the support (now at 1.1) but the upside to resistance (3) is also high. remember when i wrote about iec in march (or at least several month ago): :i would not be surprised to see iec back at 1.4 this year.....". better stay away until more positive trend signs develop.
ck-w1: take profit now and buy back a bit above 3.5 where the 25 day avg has crossed the 75 day avg. there might be an interim support at 4 which could be an entry as well.
smm: if fundamentals are ok you can buy. set stop at 1.04 if you don't want to have much risk, otherwise a stop of 1 would be fine.
theco: bearish triangle since february, buy only on breakout above the resistance now at 1.6
tks zorro
I just want to point out that two hospitals BGH and BH, both fundamentals and profitabilities and growht are 100% similar but how can TA of both totally different. Raise up for attention BGH is more profitable than BH as it has many up country afficiliates, you will see its Q3 results.
post by CHEAP
WIN, KCE looks ok...any comment?
ueda
Greetings from Canada. Just popped in to check out what has happened to Seamico's
pit. Indefinitely closed down? Scrt4u is UMS cooking?....The Watcher
CHEAP you are right on BGH, profit and revenue growth are higher
Those TA investors, they prefer to buy stocks when their SMA 25 are above SMA 75 and as a matter of fact, stocks with this TA characteristics are stock with having good profitabilities and growth. But for stocks that having the SMA 25 below the SMA 75 and esp., when their profitabilities and growth exist and continue for several years, one day it will fly high.
posted by CHEAP
win is worth a try, could close the gap at 1.9., see also todays tech research at kgi
kce: the downtrenline I mentioned on 29.9. was broken last friday, enter with tigh stop because according most broker there is no upside to fair value.
ums is not cooking but correcting after an overbought rsi.
CHEAP look at VIBHA, is this what yu say?
by the end of this month
BBL = 119
PTTEP 110
KTB 12.5
TTA 30
AP 4.30
LPN 5.50
LH 8.20
BGH 30.50
KEST 23
GSTEEL 1.04
ATC 38
AOT 64
I see many people still want to sell out BGH, they don't agree with you that this hospital is good
Benjanit
I see many people still want to buy CPN, go and buy CPN if you like
posted by CHEAP
I bought CPN at 19.20 now it is 22.70 if you want to buy CPN it is good but I don't know how much profit left for you. If you buy BGH if may fall but the downside risk is small, contrarily you may have 3-4 baht profit.
posted by CHEAP
cheers for WIN, got 23% gain today :))
ueda
great call, ueda!!! congrats.
to zorro: thanks for your comments.
Will Mlink and sc follow win (have it since 1.21!)??
what about perm ?
Thanks
Pau
thx zorro...now still keep PTL sell target 4++, DSGT 4++, AH 20++
i hope they all will run nicely too
ueda
The watcher, I can not access the chart recently so I can not comment your questions.
Seamico forum is temparorily closed. Kim Eng's chart seems no longer available to the public.
mlink: should follow win soon, maybe tomorrow? 2.2-2.3 is resistance.
sc: looks a bit different as the gap is not below the former horizontal support, but still worth holding until set reaches 730.
perm: is a cooker, hold on and wait for a breakout, difficult to predict when. narrow sideways channel since 25.9., use a break of support as stop and break of resistance to buy more.
ptl+dsgt look good but ah has a bearish rsi-divergence. might fall back to 15. if you want to be safe sell and buy back lower or buy back in if 17.5 is broken.
agree with scrt4u that TPIPL is cooking: some facts & figures:
EPS 0.73 for the first 6 months (1472/2019 = 0.73) BV above 23 baht (Equity 48115/2019 = 23.8 baht) if we add the 3rd Q result, the EPS may now exceed 0.99/share, no wonder, they can pay 1st time interim div. this year.
sorry, correction, EPS for the 3rd Q all together with the new increased capital would exceed 1 baht per share. Not Bad
look at AIT today
so I recommend you buy stocks that have not moved better than buy stocks that have moved up a lot. By this way you can make 10-15% profit minimum.
posted by CHEAP
I have AIT at 17.40 but after XD it falls down below 16, I sold out all today. Don't forget to buy stocks that have profit growth. I read above post and O.K. I will put TPIPL in my list in addition to BGH. With this post, both may fall today, this is Act of God but He like to tease you
posted by CHEAP
Have AIT 14.34. Contunueing to hold. just look at a 5 year weekly chart if you want to know why.
I sold out at 20 with the interim div. and enough for me. Congrats to you.
posted by CHEAP
Pls sit quietly as scrt4u has said TPIPL will give you 30% profit, how long, the Chef is cooking, probably next month. Every owner needs money for New Year party and holidays.
bought AH 17.3 tdy & buy more if closed >17.5...i think i fall in love with this one :)
ueda
Interesting how much stocks are moving on such light volume e.g CI, Q-CON - tells me there is little overhang of stock.
AH, KPN on hold coz merger rumours??i hope it's good news for my AH
ueda
from phillip sec.:
According to the news published in some newspapers (Post Today) regarding to AH interests to purchase share of KPN more than 25 %. AH has been talking to KPN but
until now nothing has been conclusive (Source: The SET)
Comment: AH has a plan to acquire both local and abroad auto part suppliers to enhance its efficiency. KPN is one of those companies. According to the SET, AH
has been talking to KPN but until now nothing has been conclusive.
Due to a price discount, giving to its main customer, Isuzu, AH’s gross profit margin this year will decline significantly. For next year we expect the revenue to
improve by Bt749m to Bt8,661.53, representing to a growth of 9.47%YoY, due to new business with Nissan and Ford. By the end of this year AH will also begin its
new business by supply Hard Disc Drive to Toshiba. Moreover it plans to relocate its outsource parts to produce in new factory to improve its margin. We expect the
company to generate the net profit of bt581.09m with EPS of Bt2.06. Fair value is Bt19.14 per share, rate “BUY” on the shares
check my post on Oct. 18 above some of the listed stocks now reach the target
KTB 12.5, PTTEP 110, LPN 5.50 and LH 8.20 (today close 8.00)
Be mindful, AH's profitabilities this year do not justify its current price. "AH will supply hard disc drive to Toshiba" this is quite weird news. Not jealous but just a remind from friend.
KK's Q3 profit announced today and as expected, profit will be less and lesser than before
existing shareholders must buy TPIPL at 10, so their avg.cost must be higher than 10, PP shareholders can buy at 10.15/share. So total registered capital now is 2019 million or 2.019 billion shares and raise up new cash = 12,115 million baht (2019-807.5=1211.5 million share @10 each) making its new equity = 36789 + 12115 = 48904 million baht at least. BV therefore = 48904/2019 = 24.33 baht/share (reduced from 45.++/share before the increase of capital)
So, when someone sitting on the TA analysis saying that the share price would plunge below 10 baht, let's make it. The 1stH EPS even with the increased cap. is 0.73/share, the expected full year EPS is betweeb 1.20-1.50/share and with the recent increased capital, it is one of the financially sound stocks of the con.mat sectors.
tks for your attention
Wongamart Anuchit.
Punta is very interested in the huge percent increase in investment from places Like BVI and Cayman as reported by The Nation. Also interesting is an estimate that foreigners now own a large part of the float. Strap in for the rally.
wanna try TRT?
ueda
ohhh AHHHH is flying :))
ueda
ah: with todays rally (>+20%) the remaining upside to my target is limited. maybe time to lockin profit.
remember what i wrote on 29.9.:
"i would hold a bit longer and sell in the 23-25 area."
try SNC
Beware, AH has bought its own share back several million at avg. cost of only 13-13.50 baht, could be sold out to raise money for KPN's share, Be cautious, then.
Kuang
Sell orders are huge volume whereas buy orders are retail, take care friends
sold out my AH @21.7 with avg cost 16.6,it's more than enough for holiday spending :))
i agreed it's too late to re-enter now,sit back until price stabilized again
what about brokerage?BFIT,BLS,FNS?
ueda
BFIT is best among our choice but why not look at UOBKH
S.S.Mahansalia
BFIT is best among your choice but why not look at UOBKH, better than your best in term of profit, R.O.A. etc.
S.S. Mahansalia
zorro, looked at SET chart...what's wl be the resistance?730-735?
ueda
Zorro I like the direction UMS is correcting. (: The Watcher
as monday the set is closed for holiday, i will answer all questions on monday.
have a nice long weekend.
set: the channel resistance of the june channel is now about 735-740 for this week, rsi getting in overbought territory
there is another steep and narrow channel since beginning of october, a break of this support line will be the start of a correction.
bfit: reversal in september, now in a channel uptrend, if you buy use 9.3 as stop, 10.7 is st resistance. weekly chart shows still downtrend with resistance at 10. maybe safer to wait for a breakout this week. if set fails at 740, bfit might not break 10 on the weekly chart.
bls: rsi getting in overbought territory, a bit late and risky to buy now.
fns: resistance at 12.5-13. could move in a lt uptrend if broken, otherwise sideways trading with danger of further downtrend. better to buy on breakout or wait till 25 day avg crosses 75 day avg. should take some time..
bfit looks the most promising of the 3.
distar: volume peaked and now in correction. difficult to predict the support, i guess 0.85-0.9, better stay away for now.
nsm: still cooking
ums: corrections due to overbought rsi usually don't last long, it should now target the major resistance at 15-16.
Does KTB still have room for further gains?
thx zorro, pls comment on QH & SMIT as i plan to load some tmrw thx.
ueda
ktb: could not break 13 in the 5 year chart for 3 times and this year failed several times to do the same, better take profit.
qh: in an uptrend channel since june, touched resistance 1.2 on friday, better wait for a retreat to support at 1.1.
smit: looks ok for mt or lt, on friday strong volume which indicated a st-peak during former times. rsi on 1 year high, better wait for a st-correction to buy.
dow closed strong yesterday, usually set opens strong and then starts going down. all the above mentioned stocks could do the same.
zorro,
what do you think of GSTEEL & with oil price retreating, what will be the effect on SET?
Thanks
Look at MAI which is a better indicator of economy wide earnings than SET (which is reflecting PTT PTTEP SCC etc). Higher low and volume building.
SMIT: Punta filled boots when Management issued a press release saying how bad the outlook was.
gsteel: looks a bit like bearish triangle, but a kind of double bottom (july/september) and a small triple bottom this month suggests a good entry possibility. kind of 50/50 now, a close above 1 would give a more bullish picture.
oil price and set: oil futures fell from 80 $ in july to below 60 now. remember when i said in july to sell pttep because of the high oil price and then someone screamed oil will go much higher? oil had 2 peaks at 80 $ on14.7. and 7.8., the set was 660 and 710 at those dates, 45 points difference. since then oil fell 25% but the set continued to gain 20 points. is there a correlation we should worry about? better stick looking at individual charts.
TMB: are you enjoying the "food" made by the chefs? Move LPP to 3.30 or higher.
Punta, when did the management issue a press release saying SMIT is bad? They can not cheat you :)
NSM: zorro said it is cooking and I also confirm this stock is cooking :)
PTL: The chefs have put some food on the table. Move LPP to 3.5.
AIT: if you have this stock, move LPP to 22 or little lower. Enjoy!
STEC: a little broke out. Dare to chase? If yes, set stop at 5.15. Good luck :)
scrt4u I doubt PTL would shoot up fast, it's a MT or LT stock and I guess 3rd Q result also will be much lower
You have reasons to doubt PTL. It does not matter PTL shoot up fast or slow. The important thing is you enter low and sell high. We recommended PTL at its very low. If you entered, now you have profit for sure.
KMC: looks good. Something prevented me from posting before set was closed today.
Hi i hold quite alot of SMIT. Can anyone tell me about the management press release about 'bad news'.
Thanks
Value Investor
Sahamit cuts forecast due to slow economy
The listed industrial-tools distributor Sahamit Machinery (SMIT) has cut its revenue and profit growth target to 10% this year due to slowing economic growth and rising raw-materials and energy prices.
Category : TEXT/ Business News 7 Aug 2006
I think my GSTEEL can go further as its first 6 months' EPS is 0.09, I heard from Eddie's web that the 3rd Q will add another 0.035 making its 9 months' EPS at around 0.125, if this is the case, share price still cheap. What about its TA? please comment
Good advice scrt4u, my PTL is preparing a new run, hopefully can reach 4 very soon :)
ueda
PTL: move LPP to 3.64 Enjoy.
NSM: move LPP to 0.37
TPIPL: warming up :)
STEC: sucessful chase! Move LPP to 5.5 or higher.
SPSU: if you have this stock, Take profit.
TCJ: broke out. If chase, set stop at 7.30 Good luck.
UMI: move LPP to 1.5
DISTAR: when we said it's cooking, did you enter it? If you did, you would have made at least 60% profit.
NNCL: broke out today. Dare to chase? If dare, set stop at 1.70 Good luck :)
GSTEEL: move LPP to 1
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