
Yangzijiang has made a technical rebounce due to short covering ,it may go up to fill the gap at $1.43 n touch the 30MA which is a short term resistance .
Bintang ( Date: 17-Jul-2011 11:01) Posted:
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Covered at $1.29 and turned long. Still a downtrend stock but will catch the rebound first. Must be alert at all times, you down I short you up I long!

I like this mad counter! The madder the better! Closed 1.325 today. Still hv room  to move up i hope, better still, break out of the down channel. 
The  CEO must be grinning from ear to ear. I'm  proud of his  heroic act to save  his stock and save us retail investors.
Hooray, no convertible bonds, no dilution. Where  are the evil rumour mongers who said YZJ issuing convertible bond?
Really really mad  counter.Let go @  1.315,still going up.Deleted it from my watch list.Better dun go near.Good luck to u guys.
I respect  YZJ's CEO! What a man! And a hero! Did the right thing to speak forth, and demolish all the rubbish rumours abt convertible bonds and poor business. The other S-chip CEOs should learn from  this big  bro's example..make a statement that there are no hanky panky business, scared what?... unless of course  they hv skeletons in their closets, then better stay put  in the dark closet, hahaha 
Picked up this counter today for a short term long position.
Good Luck 
:p
 
aiya, should have told me about the jihad attack y'day when it was 1.235
Joe2020 ( Date: 19-Jul-2011 10:49) Posted:
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Up Up and away!!

Joe2020 ( Date: 18-Jul-2011 17:39) Posted:
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I short Yangzijiang when it was $1.41.
Cover at $1.28.
I made a 10% profit.
Joe2020 ( Date: 19-Jul-2011 15:58) Posted:
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how you cover your short upward and still making profit? Ohhhh I see you mean Yzj made profit out of you LOL
alexchia01 ( Date: 19-Jul-2011 15:47) Posted:
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Just cover my short on Yangzijiang.
Pretty good Profit.
This has been a great run. Thanks Yangzijiang.
Pls continue to short, pls help us bring down the price!!!
So, do we believe the statement of assurance from the mouth of the CEO himself, or shd we believe ah lim and ah tan, huh? Who knows the business from the inside huh? Who can only watch and speculate huh?
DJ MARKET TALK: Yangzijiang +2.0% Seeks To Address Concerns
Dow Jones Newswires | 19 Jul 2011 9:06am
0106 GMT [Dow Jones] Yangzijiang Shipbuilding (BS6.SG) opens up 2.0% at S$1.26 after the company says it expects " not less than" 30% growth in 1H net profit its comments are in response to recent fluctuations in its share price, and " many inquiries in relation to the group's operational measures from the investment community." Yangzijiang adds that it's on schedule to meet its target of delivering 65 vessels in 2011 vs 50 last year, and it has no immediate plans for a convertible bond issue. Yangzijiang shares have fallen 15% since July 8 and closed down 5.7% at S$1.235 on Monday, in part hurt by worries over its large exposure to European customers. However, the company seeks to address those concerns and says it " has witnessed a diversification of its customers' portfolio away from European based customers. Meanwhile, the existing European based customers are long-term customers that had withstood the (Global Financial Crisis) with strong financial standing and payment track record." Yangzijiang announces its earnings Aug. 11. (matthew.allen@dowjones.com)
I love Yangzijiang.
My Best Performing Short Counter.
Right now is at a crossroad.
Let's see how price moves in the next few days.
If continues its fall, $1.20 is the T.P.
 
The Arabs will not allow themselves to be insulted when they bought at 1.41 and shortist tried to kill the price....They will declare jihad on this counter LOL
Salute ( Date: 19-Jul-2011 10:46) Posted:
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May be by then, will see management buy in too. very sceptical about companies dont' rescue the situation quick enough.....
Lets test the next support Px 1.15.....:)
susan66 ( Date: 19-Jul-2011 10:09) Posted: |