
Thanks Stockseeker...just got out at 0.72.
Based on trading volume. better not short.
ericwong_68 ( Date: 09-Dec-2009 15:42) Posted:
|
There's an old adage: Do your own homework before you buy - never buy on News / Rumour b'cos by the time you buy in, many inside trades have already pushed the prices up to factor in the good news. By then, what you buy is limited on upside.
My 2 cents worth: Blue chips and long positions are the way to go.
My 2 cents worth: Blue chips and long positions are the way to go.
SHORT???? U dare??? go ahead lor... haaaa.. will close back above 0.76
think risktaker went into hiding liao....kept saying go up...come down now...no face..
vin633 ( Date: 09-Dec-2009 15:11) Posted:
|
Hi Risktaker,
Seems like it is heading down....can short this counter for a few days?
Hi Risktaker,
there is no need to pump the counter. I bet it will never go beyond 0.78 today. Most likely it will continue to drop further in a few more days to come.
The ONE DAY SHOW is over

I will come back to this burger later. Need to pump other counter :P
Peg_li ( Date: 09-Dec-2009 12:10) Posted:
|
Risktaker, are you manager of fund?
you have subordinates. great!
risktaker ( Date: 09-Dec-2009 12:02) Posted:
|
crap........ my guys cant handle i have to postpone my trip to Friday.
simplyenjoy ( Date: 09-Dec-2009 10:52) Posted:
|
Friends,
Be careful if we are hoping for SGX price to catch up with HK...
Extraction from bloomberg:
====================================
China XLX Jumps in Hong Kong, Cites ‘Insufficient’ Share Supply
By Mark Lee
Dec. 9 (Bloomberg) -- China XLX Fertiliser Ltd. shares rose 82 percent in their first day of trading in Hong Kong yesterday compared with the company’s close the previous day in Singapore, and an executive said not enough shares were on the market.
Stephan Yao, director of investor relations at China XLX, said there was “an insufficient quantity” of the company’s shares available to Hong Kong investors. “It takes time for the company’s shares to be transferred from Singapore to Hong Kong,” Yao said by phone yesterday. He expects trading conditions to “return to normal” within two weeks.
China XLX was listed by introduction, meaning the shares were moved to the Hong Kong market from another exchange without being initially sold in Hong Kong. China XLX’s debut was the first such listing in Hong Kong since Asian Citrus Holdings Ltd.’s last month, which prompted Hong Kong Exchanges & Clearing Ltd. to tighten disclosure rules for candidates.
China XLX’s explanation of the situation “suggests they should have delayed the listing until the shares are here,” said David Webb, a Hong Kong-based shareholder activist.
Two analysts said China XLX appears overvalued in Hong Kong.
Trading at Premium
“There is no way XLX shares should be trading at a premium to the bigger boys,” Ng, an analyst at CIMB-GK Research Pte, said in a phone interview. The Henan, north China-based fertilizer company should trade at a lower valuation compared with bigger competitors such as China Bluechemical Ltd., he said.
China XLX shares closed at HK$5.20 (67 cents) after their listing by introduction in Hong Kong yesterday, compared with the stock’s closing price of 51 Singapore cents (37 cents) in Singapore on Dec. 7. “It won’t take too long” for the fertilizer company’s shares to fall, said Ng, who rates the stock “underperform.”
China XLX’s Hong Kong-listed stock now trade at 16.5 times projected earnings for next year, compared with 13 times for China Bluechemical, according to Bloomberg data.
The valuation for China XLX shares is “unjustifiable in our view,” Pei Hwa Ho, an analyst at DBS Vickers Securities in Singapore, said in an e-mail.
Asian Citrus, China’s biggest orange plantation owner, rose as much as eightfold in its Hong Kong debut on Nov. 26, compared with the stock’s previous closing price in London. Webb said trading information displayed by Hong Kong Exchange’s computers misled investors because the data failed to reflect a 10-for-1 split in Asia Citrus stock prior to the listing by introduction.
China XLX’s listing followed the required rules, Hong Kong Exchange spokesman Henry Law said.
Companies listing in Hong Kong by introduction would need to provide the last closing price of their shares on other markets ahead of their first day of trading, Hong Kong Exchange said on Dec. 4.Last Updated: December 8, 2009 20:26 EST
aya...i give u the URL here:
http://www.aastocks.com/EN/stock/BasicQuote.aspx?&symbol=01866
..anyway i think the arbitration is NO working now ! :D
thanks bro for the update...keep your HK price coming to update us....
HK is trading at hk$6 now...so roughly still abt S$1 !!! :D ....HUAT today again ?!?!? :P
|
Vols looks good....another run? HSI is gaining fast as well...
Few players are shorting this baby :)
Yesterday Avg 73 cents most are out already.
Now they are shorting it.
Another Group is countering it.
from my calculation We will see some burst pretty soon.
The Hong kee are joining in To Push it up according to zhuge liang. Huat ah
Really got to run lol late already .... damn i am addicted to shares
risktaker ( Date: 09-Dec-2009 09:32) Posted:
|
Last Post before I go Airport :)
From Zhuge Liang Investment Fund TP: 0.90 - 1.00 range
Good luck
This counter in Singapore is still about 20% off from the price in HK. Base on the volume, this count should move for another few more days and with HangSeng downed for few days, it should start to be back on track soon and this counter might ride with it. Looking at today playing, attention was back to S chip again for mid and small cap. More upside as seems many BB are trying to push this counter towards the $1 mark or on par with its peer in HK. Should see more upside tomorrow....
no reason ... but dual listing
very good perspective. when this counter debut in 2007, i contemplated about buying. but i read that china bans/restricts fertilizer export. so i felt the growth of this company will only come from demand in china. however, the chinese farmers are the babies of government, high price fertilizers will lead to higher food prices, dissent, instabilty. so the growth of this industry is likely to be controlled. of course with the share price movement today, we are easily tempted to enter.
AK_Francis ( Date: 08-Dec-2009 17:15) Posted:
|