Stocks Discussion No.12-2006
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posted by scrt4u @ Friday, December 01, 2006
216 Comments
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- Cooking list No. 11
- Stocks Discussion No.11-2006
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- Welcome to Cooking list No. 8
- Discussion Of Other Stocks No.8 - 2006
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216 Comments:
Hi everybody, please post your stock picks, questions under this thread. Happy discussion!
If you bought AP on 28 Nov. you could smile happily
I recommend that TPIPL, RRC, IRPC CPN, still have upside gain
Niel
CHEAP, scrt4u
need your comments on GSTEEL
please
Jiang
Jiang, GSTEEL is trying to go up to1.16. Let's see if it can. Set stop at 1.07. Good luck.
SIAM: brokeout again. If chase, use tight stop. Good luck.
BGH: move LPP to 32.5
tks scrt4u
Jiang
GSTEEL confirmed
posted by CHEAP
ITV: Did you fans buy this stock? I drew your attention to this stock. If you listened, you would be happy today. 20% profit!!!
Now I draw your attention to PICNI which looks interesting.
NSM: don't forget this one which is cooking.
WIN: looking interesting.
STA: move LPP to 14.5
TT&T: looking very attractive. Enter with a stop at 1.39. Good luck.
I m new here & still holding a few stocks since 04 ie PTT 177, FNS 43.75, HANA 21.2 & ITD 9.8
Pls let me know what to do with FNS & ITD?sell now or wait another year again :((
yong
cut off your FNS & prepare to enter TPIPL when weak
ITD not far from your cost, it worth to keep until next Jan
zorro, what's support level MME, AJ?
ueda
yong, welcome to this blog. My view for your consideration:
PTT: we recommended enter PTT at 220 on 22 Nov. 2006 with a stop at 216. Now it's up about 7%. Now you can hold it with a "profit lock point" (LPP) at 232.
FNS: Let's see if 12.40 could be a double bottom. If 12.40 can not hold, cut loss and switch to other cooking stock, for example MPT, etc.
HANA: If you cost is 21.20, you are in profit, right? Now around 27 should be a triple-bottom. If 26.75 breaks down, lock profit or reduce your position.
ITD: this is a very good joint venture between Italy and Thailand (real estate development stock). Now it broke the uptrend channel (connect 22 Sept., 20 Oct., 30 Nov. and you can get a line). If it continue going down and breaks
6.50, exit (cut loss). Preservation of your capital is the major task after your entry, especially when try a new play. Remember always cut loss when it is still small.
To ueda, I don't think you can estimate the support now. Did you notice that the price keeps going down very slowly, or bit by bit. Wait until it breaks up the down channel. Support for AJ should be around 3.20, my blind guess.
mme: i am keeping an eye on it, waiting for a breakout of the downresistance since september. not necessary to hope that the alltime low of 4.86 will be a support.
aj: first support nearly reached (25 day avg as well as straight uptrend line @ 3.2) but might be broken with the low volume. second support is 75, 125 and 200 day avg close to each other at about 3-3.1.
RCI: broke out. If chase, set stop at 2.10. GL.
To learner - Match made a 68% up (25 July - 5 Sept.) and then every higher is lower than previous high, indicating a down trend. If you have it, set LPP/stop at 1.85.
As to it warrant-1, it's forming a flag pattern, ambiguous. Better ask zorro's view.
TUCC: if you have this stock, move LPP to 6 or higher.
GSTEEL: it could not break 1.10 for 3 days. Get ready to reduce your position if it still can not take out this resistance.
RRC: we recommended this stock when it was 18.40 on 24 Nov. 2006. It moved up from 18.4 to 19.20 in the past 5 days with about 4% profit. Today I suggest to reduce your position or lock some profit because it changed direction. You have the final say. Blind guess.
Many 4% can make accumulate big profit.
thx for comment...btw friend of mine still hold large portion of IPO TOG 2.7++
today the vol is high than usual & closing down...is it mean anything to you?I need to alert him to sell out this rubbish if keep goes down thx.
ueda
have you seen the HUGE put through deal on TPIPL at 20.00 yesterday ? Do you have any idea of what's behind that ?
yea wats all dat abt? 2.9 biilion right at the end?
KM
gaudente, your question is conerning the stock option. Please visit http://www.optionsmart.com/about.htm
Those who know don't say...............
TPIPL: If it can hold above 14, big hand will pull it high up.
EVER: rebouncing. If enter, set stop at 7
GSTEEL: broke out again. Good sign.
Anyone noticed that volumes on syndicate stocks have gone to nothing over the last few days - virtually no activity since RK was flagged.
scrt4u: is EPCO cooking?
Jiang
To Jiang, yest EPCO has been cooking. Good luck.
What do u think abt SSI? Time to sell MINT yet got some of dat. How abt PLE went up didnt sell now below cost again at 8.15. Thanks Scrt4u in advance. Do u live in BKK?
KM
Prachai u really the TPIPL prachai? (well i dont think so but still just asking hehe)
Wonderer
To KM,
SSI: in uptrend channel, res.1.24
MINT: you can lock some profit but keep some position there for the remaining up protential. Who knows how high it can go?! Move LPP to 1.70
PLE: I told your res at 8.5 and support 8. Let's see if it can go up to 10 as the rumor said.
I'm living in Switzerland, but used to lived in BKK. Still missing the Thai foods!
GSTEEL: move LPP to 1.10.
tks scrt4u
also is TMB cooking? I'm afriad it might fall below 3 baht as its earning is not good enough for 3 baht
Jiang
Jiang, I blindly guess that TMB is cooking. Wait and see.
Any idea from a technical view point on MCOT. I like the fundamentals of the company, but hoenstly dont have a firm research base on this stock yet.
Reagards
Chilli
NSM at last, hoping that not all have sold off prior to its rise.
EPCO expecting soon.
Jiang
For set to stay abovt 750 and sustain, Energy Sector must be the next mover as all Banks,property, etc. are up quite a lot. Watch PTT and PTT's circles
Oil Analyst
MAI is more relavent.
FUTUREPF??Anyone has an idea of this property fund
ueda
NSM: this stock and its warrant are today's star. They started to prove my "blind guess". notaclue, you just need a little more patience to make profit.
TT&T: is ready to move up. Good luck.
S&P: I did not notice this stock. It quietly climb up. If you have it, move your LPP to 35 or higher.
ITV: set LPP at 2.75
BIGC: brokeout again. If chase, set stop at 47. Good luck.
MS: move LPP to 1.22
EVER: move LPP to 7.25
SYNTEC: stop=1.20
KMC: seems brokeout flag pattern. If enter, set stop at 1.70
Last week I recommend BGH, AP, TPIPL
both BGH and AP are up up and away but TPIPL still attractive
I also add IRPC to your attention
Niel
TT&T: is ready to move up
Scrt4u, how you know?
To madame fifi - I know it by "many blind guess experiences". In the game of playing stocks, remeber a simple principle: cut loss when it is still small. Now buy TT&T with a stop at 1.29. This means you buy it tody, then observe the price, if the price goes down and break 1.39, you exit by cutting loss. If it goes up, move your stop up accordingly. It's that simple. Please visit http://thaistocktips.blogspot.com/2006/08/successful-recommendation-list.html and you can see our successful stock picks since last July.
expecting Temasek to window dress SHIN by end of the year
Thomas
Niel, your call on BGH is great. Keep on your good job.
I think Thomas might make a wonderful expectation
Niel
Thomas, your pick SHIN seems cooking a small meal. Stop=29.5 Res=35-36. Good luck.
Chilli, if you love this little girl "MCOT", go after it now. To prevent her from cheating you. Set a protection at 23.30. Good luck.
SAICO: It's waving to you.
GLOW: brokeout. If chase, stop=33.25
AMC: move LPP to 3.65 or higher.
GSTEEL: res = 1.16 and 1.2 respectively
What about singha,precha,ukem,Major-w1,ck und w1 ?
Thank you,
pau
....and pae...
pau
pau, my blind guess:
singha: cooking. stop=3 or little lower.
precha: cooking. stop=2 (or higher)
ukem: not sure
major-w1: If chase, stop 3.5/res. 4
ck: It's flag-patterning. wait for breakout
ck-w1: wait for breakou
pae: in down trend. Hard to say.
AIT: seems brokeout. stop for chasing=24. Goodluck.
to scrt4u thanks for fast replay.
pau
GENCO: brokeout again. Stop for chasing = 0.84 Good luck.
Chilli, if you love this little girl "MCOT", go after it now. To prevent her from cheating you. Set a protection at 23.30. Good luck
Sorry Scrt4U what do you mean by 'cheating you'. Im not very familiar with technical trading terms. Does that mean that insiders are manipulating the stock to offload??
thanks
chilli
Scrt4U help please. I have PSL at 53.50 , TT&T at 1.68 , Gen at 1.6. Please advise what I should do .
Entered SHIN today at 30 as agreed with Thomas about window dressing and news of Temasak's reduction its stake proportion in SHIN, let's see
Niel
chilli, what I mean is Opportunity is bigger than risk. Even a very fundamentally-solid stock, the insider can do a shakeout any time. You always have to set a protection.
Answer to whom(you'd better give a nickname, otherwise I can only answer this way)?
PSL: your cost 53.5, now a 7% loss. Did you see it's forming a M-shaped pattern and a probable double bottom. If it breaks down the support at 49.50, cutloss.
TT&T: You got it at 1.68 cost? You should cutloss when it broke the support at 1.55. Now hold it because it is cooking.
GEN: Did you notice that it looks like a "parabola" now? It seems in a downtrend. But let see if it can hold above 1.2. If it breaks 1.2 support, exit no questions asked.
AMC: wow! this stock is really flying. Did you chase it? I advised you to chase. So next be brave to chase what you loved. It is up over 20% since my call two days ago. Really quick money. Now move you LPP to 4.5. Don't be greedy. If 4.5 breaks, reduce your position.
DELTA: dare to chase this stock? If you do, set stop at 17.20-17.50. Good luck.
Thanks your advise Scrt4u. But I don't understand about PSL. M shape should mean double top not double bottom.
Please use my name as : New Hand
TMB if cannot stay above 3 in the next 3 days, next support is 2.80
Mr. Wit
How about SIAM?
SIAM: Falling knife. could 5.75 stop the fall? Let's see.
TMB: still above strong support of 2.98.
New hand, you meant to nickname yourself "green hand" or "newbie"?
guys what about KTP, AKR & res lvl SEAFCO plsss thx
ueda
KTP and AKR - ambiguous, Wait and see.
SEAFCO: Vow, this stock has moved up so much. We recmmended it when it was only about 4. Now up over 100%. I do not know the res. Just keep moving up your LPP. Enjoy
What abt AH? any good to get in now?
KM
TMB cooking I agree with Scrt4u, this stock hasnt fallen below 3 despite strong selling at 3, it maanges to close at 3.02.
KM
Don't call me 'green hand'. My portfolio shows only 'red'. I think 'newbie' will be okay. Scrt4u how can I reverse my heavy losses. Pls recommend 2 or 3 good stocks.
To Newbie: Do you own any good fundamental stocks as well? My recomendation is that if you are going to buy stocks based on technicals its highly advisable to buy some stocks based on fundamentals too, this way u balance it out.
KM
To Newbie -I agree with KM.
I think MPT is good choice for you. Buy when it's near 2 and set stop at 2. Good luck.
To notaclue - EPCO is cooking; MPT seems going to test 2.00; If you chase NSM, set stop at 0.41 Good luck.
To KM - AH is falling. Wait.
EPCO with its 3 quarters' profit already warrants its current price, with its 4th Q's profit, it could go beyond .72 baht. Look at Bland, its earning per share is still in "red" after 2 Q
Chalky
Baht is strongest today, prove that foreigners still bring in not bring out, despite their Net Sell
Nong
AMC: wow! this stock is already up over 50% since our call. Move LPP to 5.10 or higher.
To KM - if you like AH, chase it with stop at 18.50. Good luck.
TMB: warning! It's near the strong support line.
Strong Baht may be a result of foreigners moving from other Asian market to Thai market because all neighboring countries are in high zone indeces.
Jiang
PERM: broke out. stop=1.5
SINGHA & TT&T pls thx!
ueda
just bought 100,000 TMB at 3.00 baht....let's see if the support holds !
Zorro, scrt4U
Is there a link whereby i can see major foreign held shareholders for a particular company. ie something similar to the link you provide for NVDR shareholders.
Thanks
Chilli
I don't have it, Chilli.
Generally you can tell who the foreign shareholders are from the SET shareholder info because the names are in English. Obviously you can't tell who the nominee/custodian banks are holding them for, but you can make informed guesses as to what type of holders they are from this info.
FYI Bloomberg has this info (i.e names of individual funds etc) so if you do size you can ask your broker for this info. It is derived from funds regulatory reporting.
ASL starting to breakout
is it being fattened up?
thanks
DB
TO: notaclue
EPCO has good earning fundamental, while others you mentioned have not
Breakout trading works best in green markets.
To notaclue - When we say a stock is cooking, it does not neccessarily mean that it will only go up. A stock moves in an "up and down" way. But finally the "UP" is bigger than the "DOWN". It is very easy to sell your stocks. If you don't try to sell at the offer price but sell it at the bid price, it's very easy and quick to sell. It's done after you click your mouse. If you will have vacation during the Xmas and New Year, better keep cash.
EPCO: cooking.
NSM: of course this stock is cooking. When it was only 0.36, we called it cooking.
MPT: cooking. As long as it does not break the support range (1.86-2.00). Mark my words, sooner or later, this stock will break 2.50.
If you can not withstand these "tortures", sell your stocks at the bidding price. It's done just after you click your mouse.
To DB - ASL moved up well. Move your LPP to 8.5 or higher.
SINGHA: wait and see.
TT&T: still above the cooking platform.
AMC: warning! It's losing momentum. Lock some profit and set LPP to 5.70 or higher.
Seems many speculative stocks that have broken down today have done so because volumes have got so thin that the effect of selling is exaggerated.
today's shopping:
20,000 YNP at 5.50
10,000 TPIPL at 13.10
1,000,000 NSM at 0.39
Foreigners Net Sell only 124 million baht but why the effect is manificent? Expecting Net Buy tomorrow and Santa Rally next week.
Best Wishes
posted by CHEAP
Every market in this world is having New High. Dow Index is traded at record high today. In Iraq, unbelievable but true, there is a stock market and is also having new High. Only this damn country is traded in the middle of no way. In January this year, the SET index was at 726 now it is more or less at the same spot.
The Coup Leader said he has a research compliled by the French saying that the reasons why Thailand is laggard and cannot being a more developed or advanced country because of these four poor or bad habitual practices: Thais are lazy,
Thais are jealous, Thais love to show-off, and Thais are keen in cheating/corruption
yup u should move out or diverse your portfolio to neighbors countries vietnam,indonesia,mlysia.
nextyear UBS n Schroders already warned SET wont be better than this year, be careful with local broker analyst & thai gov lips service
Don't think so, all neighboring countries are in new hi which mean next yaar their indices would collapse. Thai will recover
The one who recovers the last will recover the most.
how accurate am I ?- scrt4u
tt&t seems to have collapsed. chefs need to buy cheap ingredients.
epco - too many elephants feeding. The chefs seem to have given up for the time being.
gen- I predict it will go down to around 0.88 before it can build up again.
iec- building a new base around 1.2 to 1.4
mpt- needs some other boost . I think when baht turns soft around Jan-Feb next year, that will be boost for all export stocks and make reason for mpt rally
Forecaster
To Forecaster - I appreciate your post. Yes, chefs has changed their minds twice. They will buy cheaper ingredients for meals again. I stopped out yestoday with a 6% loss. I will buy the same cheaper ingredients as the chefs again.
EPCO: maybe too small to feed elephants. Strong support at 0.58 is already broken. Will it move down to test 0.51? Let's see.
GEN: your prediction is most probable.
MPT: sooner or later it will fly. Be patient to wait but if strong support breaks, exit together with the chefs and buy cheaper ingredients again.
You could be forgiven for thinking that the syndicates are lying low for a while. Is there an investigation going on?
TMB will also dip to 2.80
TPIPL back to 11++ level nextwk
Dog is barking above
too many unsolve issues & politics mess up here, whether you like it or not this is the fact SET is far behind!!
try to appreciate other opinion & you wl be rewarded
Baht can be weak very quickly, only 1 billion dollar can send the baht to 38 easily. In that case, we will see some foreigners losing money on SET. I mean to say that the large parts of the money are still in the SET
however, baht may be stronger in Jan. when GE subscribes the shares of BAY
ITV: looking interesting. Dare to catch the knife? If yes, set stop at 1.40 Good luck.
no thanks on the knife.
time to reduce and take a long needed vacation perhaps Vietnam.
last one here pls turn off lights
merry xmas
Santa
He escapes from Thailand hoping to get a better dream in Vietnam, I wish you well and am afraid that next year when you are in Vietnam, it's not the time for investors there to offload and come to Thailand. (This includes S. Korea, Taiwan, Hong Kong, and Sing)
Thailand will rise SOON and when it does it will rise very fast and very high with new highs over 1700 for the SET index sure!
Dreamer
yeah it wl happen when taksin in power again, buy SHIN to fulfill your dream
Baht is weakening very quickly, those who bring in with the exch. Rate at 35.20 now lose approx 1.2-1.5% on exch. rate. The best thing for them is not to bring out to further weaken the Baht, but to invest in SET which is damn cheap.
So there are two possible ways
1) Bring out immdly and suffer the loss in exch. rate approx 1.5% or
2) For those who cannot remit out ontime and don't want to suffer more loss in exch. rate, they may put their money in SET where they might be able to make more profit.
BAHT CRISIS
BOT bid to limit currency dealings
read more :
http://www.nationmultimedia.com/2006/12/19/headlines/headlines_30021935.php
see the reaction of the baht versus the us$ here:
http://www.theforexsite.com/thb.php
the baht jumped from 35.1 to 35.9
I guess SET will retreat back to <700
It's time for hunting gentlemen, BAY, PTTEP, LH looked interesting for Medterm...what do u think??
ueda
hollyshtttt i m bancrupt!!
stay away from bluechips and buy export oriented (electronics).
mpt should be a good buy now.
for other stocks we have to look at their longterm supports
Losing 600,000 baht on my portfolio compared to yesterday...my fault. Stayed here 2 years had all the time to see Thais are nothing else then a bunch of liers and thieves. How could investing in their country lead to anything else but disaster ? Yet I am here still hoping for a little rebound to sell limiting my losses, and I even increased my position buying another 500,000 G STEEL at 1 baht...I REALLY DESERVE TO FINISH MY DAYS JUMPING OFF MY BALCONY, IN FULL PATTAYA STYLE.
SET - 9% now...doomsday for Thai economy
Bad news for speculating as well as offshore rampers can't operate anymore. Look at the price action of certain brokers yesterday. It effectively wipes Thailand off the radar screen as far as most foreign funds are concerned.
but are Thai Central Bank officers seeing this ? What are they waiting for to withdraw their crazy order ? Couldn't they stop smoking yaba for a while ?
now -10,10% !!!!!!
Thai Central bankers do a PhD and then go to work at the BoT. There is no stop in the real world on the way. Even if they withdraw their order no foreign funds will invest in the market. The damage is done. I don't understand why Pridyathorn let this happen.
why trading stop???crashed or too scared??
I m fishing now BBL-F 108,SHIN 25.25, RRC IPO price 17...how about yours?
ueda
I told u to beware TPIPL back to 11++ but someone thought I m dog :)
Thye foreigners are not going to understand about the 10% circuit breaker, they are just going to see that they were prevented from taking their funds out.
Probably only buyers are local mutual funds. They will have to sell when the redemptions hit.
This bunch of BOT Governors could not care less as to what happens to the investors as they have their big money allready in their pockets.
They had time and time again to stop the Bahtspeculation but waited until they had their profit !!
THAILAND IS AGAIN IN THE CENTER OF A MESS AND THE WORLD WILL LAUGH AGAIN OF THAILAND
THANK YOU TARISA
Sato
This government is nothing but a piece of shit. thai economy in dolldrums and SET crashed, yea military govenment u sure are better than Thaksin.
Thaksin come back!
SET -100!!don't miss this moment!!
Surayud maaaa choooooda GET OUT!!! GET OUT!! GET OUT!!! got to London and bring Thaksin back!
John
How to set your self up to be a millionaire:
Guys heres your opportunity again to buy very good companies at distressed prices. I love opportunities like this to pick up strong companies at bargain prices.
Remember in a previous posting i advocated holding 30% cash 70% in shares. Well nows the opportunity to draw down on those cash holdings.
From the company's business perspective nothing has really changed, these controls have nothing to do with the opperational performance for most thai companies. In fact things will be easier if the baht pulls back to the 37 odd level.
BUY BUY BUY
For an investor i strong suggest the following:
AA
City
DCC
MCOT
PTT
Sat
Spack
SMIT
SPPT
SVI
TFUND
Ticon (below 16)
TTA (below 21)
UMS (below 14)
From the start of 2004 to now my portfolio and dividends is up more than 60% (not including the latest sell off).
Best regards to the investors out there.
PS the above post was by me Chilli
I remember a posting from Seamico's old chat site: buy when there is blood on the street.
I'm now moving into the fully position and if the market continues to fall i will be bringing additional funds into Thailand.
Best regards,
Chilli
the problem here is that the blood on the street is followed by a flood of shit...and after that what else can we expect from these highlightened members of thai bourocracy ?
Again i stress, whats this got to do with the companies BUSINESS operations,
thats the difference between a speculator and investor.
If you have a one year plus time horizon this is all irelevant.
If you are playing music chairs by trying to sell stock to other people at a higher price than you paid for it, you are in deep shiit.
But if you invest with the mind frame that you actually want to own shares in a company because you believe in the company, and its share price relative to its fundamentals are strong, then this is a buying opportunity.
The call is yours, for me, i am buying buying buying.
And i just wire transferred another $40,000 US so i can continue buying tomorrow.
Regards,
Chilli
Two years too early. Who will buy the stock to make them go up? This is the end of foreign investment for the forseeable future, local mutual funds will face redemptions, retail face forced sales and margin calls so will lick wounds for 2 years and offshore syndicates can't operate anymore. There may be further selling to come in from US. Pridyathorn has come in to support BoT governor. I was here the day they devalued. It was NOT as bad as this.
hollycowww -20%, Any other place in the world like thailand???
NO, we are dead, screwed, there wont b a rebound to recover all of it ANYTIME soon. take care guys,
P.S- With no foreign money, we are in the self- suffiecicy theory, good luck
Last foreign broker to close is a sissy.
i think CNS, Piyadon, Tarisa partners smile & bought a huge of stocks today
it's all political here, welcome to land of smile :))
Yeah. Then in Jan,they will revoke the measure, announce that int rate cut will be coming coon and introduce various plans to bring back foreign investors.
Chilli will only be able to invest 70% of his $40,000. The BoT will hold on to the other 30% with no interest anbd if he tries to repatriate before 1 year they keep 10%. Er, I think there are better investments out there...........
Foreigners Net Sell about 25 b baht compared with the total volume of over 71 b baht. The amount of Net Sell is less than 1 b dollar. What is its implication?
At this very moment Baht is at 35.50 stronger again.?
scrt4u & zorro, any direction now?
just wondered whether you guys also lost money like me or laughing on my losses
I think the only direction scrt4u and Zorro can take now is the one going straight from their balcony to the road downstairs....
SET is re-shuffled. In one day trdae, it reached record high 71 billions Baht. Huge exchange hands of the shares ==> Some people cry, some poeple will laught. Let's see. Take care and good luck.
Thailand is simply in a mess with such non foreign investor friendly policies,
Shin- is in a mess
ITV- Screwed
ADVANC- in trouble by the govenment so is TAC, UCOM and TRUE.
SET index overall now also in trouble with foreign investors selling in volumes, MASSIVE volumes. Would you like to invest in such a market that is so unstable, with unclear policies and unfriendly investor policies. All in all this government SUCKS!
Yea thats right this market doesnt even deserve to trade at the 9 times PER it was trading at before , it should trade at 5 times, and let the wolrd tarde at 35 times.
To All of You:
A few minutes ago, the Finance Ministry Pridiyadhorn Dejvakul announced on TV that he and the B.O.T. governor agree to change the regulations. He said for the funds flown in to invest in SET and so declared properly, such funds will not be subject to the said Control anymore starting from tomorrow. However for the funds that direct to invest in money market or bonds, those funds will still be under the said Rules and Regulation without any exception.
He said that after meeting with investors, foreign funds and brokers this evening, all agree that it is the right move and confirm that SET will rebound tomorrow 100~%
Chilli: You now can bring in $40,000 without hesitation as there will be no deduction of 30% as deposit
Those who sell short today you can laugh but tomorrow you will be sorry
posted by very very CHEAP
Don't use anger to judge everything
i laugh at your losses and cry about mine. got hit hard as i was fully invested, but usually after a big crash a rebound is coming soon. if the post by cheap is correct, we will se a rebound which should make things a bit more comfortable as i did only some switching and not selling.
let's see, never panic.
My post is absolutely correct
I think we can forgive them and with the now more clear cut measure, the future incoming funds will be only to the SET, not to the money market, by this way, we shall see more active in the daily trading. For the SET's population, this is much better than the previous days when foreign funds come in but do not come to SET.
posted by CHEAP
Be patient and you will be nicely rewarded. No point rushing in or catching a falling knife which is as devastating as a guillotine. I expect further falls in the SET as the controlling bodies has made a very big blunder with their stupid actions. The fall of the greenback is universal except against the Yen.
Foreign funds will surely continue to pull back their investments to teach those 'green-horns' at BOT who is BOSS.
Will pick those blue chips gradually based on fundamentals.
Good luck.
Umi san
You talk like foreign investors are working together in a Safe-House sitting together and planning to do the buying and selling uniquely. On the other hand, I think this is good example of the one who conducts mistake and changes on time immdly rather than dragging on and on. You should remember that before today, foreigners keep on selling and selling despite a lot of funds coming in and keep SET running in the opposit direction with other markets in the region.
"SHAMELESS" to thai gov, they should go back to school & learn more "cause & effect" theory in business comunity
Yes because other markets are making and enjoying New High every week while our market is going nowhere, I therefore, decide to make it a New Low for all of you.
Tharisa to re-start. Is this all right by you?
According to the Nation the fall of SET yesterday caused a 820 bill thb paper loss for investors.If memory serves me right it´s roughly half of Thailands yearly budget ?1
It was the biggest ever plunge in SET`s history and the horrible twins pridy and tarisa will go in SET`s history as the worst leader accompanied by kosit !
pau
BKK Post 22.24 : Pridiyathorn : funds for stock investment exempted from the 30 % foreign currency reserve rules if it brought in for stock investment !!
In related news Asien countries blame Thailand for again triggering uncertainty in financial sector !
Why have Thais to proof again and again they act first and think -if ever -later ?
Also yesterday was an excelent example why soldier should stay in camps and not play in monymarkets !
sato
Pridyathorn's remark that it just one day of losses is hardly going to reassure foreign investors with choices of othe markets.
Thailand is now an investment Pariah. Sorry but you can't pardae around in a sawdust ring wearing check trousers and red noses and then pretend to the whole world that you are not clowns. The damage is done. I feel sad because while the coupmakers were not 100% right or Thaksin 100% wrong I wished the interim Government well. There was no bad feeling when I had losses following the coup, only understanding on my part, but that was what had to be, not incpompetence as in this issue. A resignation by the BoT governor might go some way to restoring credibility and quell those rumours that the BoT mandarins spend their day riding around the BoT compounnd on the backs of elephants and talking in some quaint 19th century aristospeak.
After today's rebound it will be LT sideways down as there will be a mismatch between normal daily selling meeting abnormally low daily buying. Sellers will have to offer down to find liquidity.
http://www.bot.or.th/bothomepage/BankAtWork/AboutBOT/Organize/Curriculum%20Vitae_GovTarisa.pdf
Never been outside of a classroom or the BoT - and she was telling exporters to run their business better.
Actually thats not the case. I asked my broker to get confirmation from the bank, and i was told so long as i send the money over in amounts less than US$20,000 i wont have a problem receiving ALL of my proceeds for investment.
However i may be restricted from bringing it back within one year. But this is not a concern as, if i wish to bring money out of thailand, i can access that portion of the funds that are already in thailand.
Secondly as i stated yesterday, it nearly always pays to buy when there is blood on the streets. Yesterday i lowered the average cost holdings of DCC to 11.8 baht, managed to pick up PTT at an average of only 194 baht, my city holdings are now average cost price of only 2.2 baht bought TFUND at an incredible 8.6 baht (against its net asset value of 10.5 baht, an incredible 20% discount on concrete property, TTA buy in at only 22 baht. + others
best regards,
Chilli
Transfers of amounts less than USD20,000 won't be issued with the certificate stating that funds were from overseas and which allows trouble free repatriation.
Unbelievable bargains abound however the damage is done. Nothing less than BOT resignations and no further delay in restoring an elected government will restore foreign investment. Thailand has so much promise and will boom if they get it right. Fundamentals have not changed but Thailand has to show they really want investment here. Otherwise goodbye Thailand hello Vietnam
Ken
Actually many real economy stocks were trading at below 2001 or even 1998 lows even before the debacle.
This afternoon when European buyers wake up, they will buy heavily back, I hope
Contrarily, this time SET may have a new high which is still much lower than the lowest highs of other markets.
AJ: if you have this stock, take profit today. If you like, you can leave a small position for protential move-up.
Chilli, excellent buy-in.
HEMRAJ: looks interesting. If you picked up some yestoday, you are in profit now. If you buy today, set stop at 0.87. Good luck.
GSTEEL: if you sold at open and picked up near close time yestoday, you are now in a little profit. Move LPP/STOP to 0.91
EPCO: if you sold at open and picked up near close, your loss is small. Now move LPP/stop to 0.50 Good luck.
MPT: I increased position of this stock yestoday. Cost averaged down, and today in a little profit. Now move LPP to 1.94 Good luck.
TMB: if you picked up TMB yestoday, set your new LPP/Stop at 2.60. Good luck.
NSM: Set new LPP/stop at 0.34. Good luck.
many stocks almost & hit ceiling price except AJ :))luckilly I run away with +18%
after fishing ystdy my PTT,SHIN,RRC,LH back to profit again, what wl happen next???i thought it getting stable huhh?
ueda
Hi ueda, Regulation is made by people. Regulation ahall not punish most of the people. If a regulation or law is not in the interests of most of the people (investors), it shall be amened sooner or later. The stupid Thai regulation was amended in one day. What a joke!
So always keep some cash in hand. Buy in heavily in bloody time. History has proved this many times :)
AJ: look at the chart of close time. Did you listened to my advice (3.8 or higher)- "take profit today"? If you did, you are happy now. If you did not, you regret again because the price is now below 3.2
Foreigners offloaded more shares today, risk is still there, as they have lost trust here and it will take several months for that to recover, so those who couldnt buy today i m quite sure you will get a chance again may be not those prices but you will a bit higher than the BLACK TUEDAY.
IN HER OWN WORDS
(After Thailand's stock market fell 14.8 percent on Tuesday for its biggest one-day sell-off since Iraq invaded Kuwait in 1990):
"We should weigh the damage to the stock market against the huge gains that foreigners have reaped from the 15 percent appreciation of the baht on top of their equity investment.
"Foreigners sustained more losses as they were the main sellers. Anyway, their speculative funds were something we don't welcome."
FYI it's TarisaW@bot.or.th
scrt4u you think your MPT ready to fly again or profit taking soon?
World is laughing at Thailand. Heads must roll at BOT after their disasterous decision only to reverse it the next day. Thailand must learn to be more 'foreigner' friendly if it wants investment here. It seems that some do not want this and take us back to the banana republic. Local funds will prop up market only so far. We need foreign confidence building now. Show the world we are serious by sacking the near sighted dolts at BOT, continuing the fight against corruption and holding free elections sooner.
Ken
Chili
Good buys on the 19th except TFUND. It's illiquid and the only way to exit is to sell below NAV. It will go up a bit near dividend time but a lot of holders will be waiting to get out. So upside will be low. Only consolation is the dividend.
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