ShareJunction - Member Posts

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18.4-18.6. Still within the week support range. Month chart? Still down since below bollinger line. Side way? Now all chart are downtrend line.

Sideway is cross midbollinger touch upper, after touching upper support Above mid bollinger and move up and break upper midbollinger, up trend form.

For day chart to reverse, you have to wait 4 hrs chart to sideline, cross 4hr midbollinger touch upper, come down and support either at midbollinger or low bollinger, for this to form, minimum 5-6 days, normally 10 days.

Day chart touch RSI oversold, 4hr is oversold too. But if you refer to uptrend overbought, the oversold RSI is not very oversold. Due to it is a slow moving down, you won't see a strong bounce up.

The 25 to 22.5, and 27.5 to 21 both are very overbought at day and 4hr. And both of them up very fast, leave those 4hr midbollinger 1hr and 2 hr mid bollinger very behind.

So when they start to come down, the 30mins and 15 mins will fill the gap quickly to 1-2 hr midbollinger, people see this quick sell down, will scare and stop buying.

However this round downtrend, is down slowly pips by pips, So you will have 19 at 1hr mid bollinger, 19.5 at 2hr and 19.8 at 4hr. And from time to time, they will move down, so thing like 27.5 to 21 won't happen on this kind of slow falling.

Still wait for day chart to sideline and find support with minimum 5-6 days

SgYuan ( Date: 22-Mar-2017 19:38) Posted:

Noble break week chart mid Bollinger, 4hr rsi oversold, month chart moving up to mid Bollinger, 30min/4hr look side way. This means a long side way of 5 to 6 days?

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Because Apple pull Nasdaq up with her manufacturers. But Dow and s&p never cross high.

You read MACD u should know day chart MACD had been red for weeks, coming down and break day uptrend just the matter of time.

TechnicalTrader ( Date: 22-Mar-2017 08:33) Posted:

in fact Nasdaq hit all time high before it dropped.

earlybird14 ( Date: 21-Mar-2017 23:51) Posted:

Gbp up yen up, s&p down.

100% score from me.

Not because the broker is not accurate just they show what they want you to see

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A very obvious analysis and all pay off 100% within 2 weeks.💪 💪 💪

earlybird14 ( Date: 11-Mar-2017 22:16) Posted:

So to conclude that

Euro is potentially go up due to end of Europe QE, inflation and economic data all positive and the only worry on France election the non anti euro candidate in lead on poll now. So outlook for euro is up in 2017.

Gbp down is mainly due to worrying of brexit from Europe in fact so far nobody can 100% say UK out from EU definitely will be recession. Especially GLb is at historically low, so once brexit is settled nicely and out from eu successfully but continue to do business and maintain good relations with EU, UK will just be another Switzerland and Norway who have good economic but doesn't stay with EU currently. So outlook of GBP in 2017 is positive.

Yen and S&P. Sell in May and go away will affect market in next few months till oct-nov. U.S. Market is overheated and moved into trump or republican ruling. As per history, republican always bring us economic from peak to bottom. So outlook of U.S. stock market after May is bearish, yen is always best place for hidding risk of economic downturn. So yen will appreciate after long time QE as well. So outlook of U.S. stock market is negative and yen is positive.

Again want to bet or not?😁 😁 😁

earlybird14 ( Date: 11-Mar-2017 22:05) Posted:

Aiya I just shared my opinion only. I won't go against market de.

For oil bearish, since Ezion at 42 and oil stay too long at 50+, I had bearish on oil price already.

I took 1 article about us inventory and import to highlight the U.S. High inventories were a threat toward oil price and March import figure from opec will be indicator of outcome of production cut.

Why oil price drop so sharply since the oil inventories has been built up many weeks what make last week report so killing? An increase of oil import as compared to past 4 weeks.

You share those product just now, I share my own view to let you know that what potentially will happen few weeks later which will cause them to swing oppositely in fact

x 0

Gbp up yen up, s&p down.

100% score from me.

Not because the broker is not accurate just they show what they want you to see.

TechnicalTrader ( Date: 21-Mar-2017 08:20) Posted:

I just monitoring see how reliable this info is..... not taking action

earlybird14 ( Date: 20-Mar-2017 09:24) Posted:

Glp/usd up from 1.211 to 1.238, usd/yen down from 115.5 to 112.4. S&p stagnant but I think will be down this week.

So basically, you can forget what they said lah

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Dow and Nasdaq gonna first hit before sell in May and go away

x 0

You wait the cat no around. Time to sleep.

Profit is coming slowly. Hopefully see indexes all go back this morning Asia market level.

famouspinky ( Date: 21-Mar-2017 00:00) Posted:

Shoot it when the big fat cat is not ard.

earlybird14 ( Date: 20-Mar-2017 23:36) Posted:

So when you want to shoot?😁 😁

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So when you want to shoot?😁 😁

famouspinky ( Date: 20-Mar-2017 23:34) Posted:

Snipper is my style. One shot, one kill. Good Luck and good night.

earlybird14 ( Date: 20-Mar-2017 23:31) Posted:

Hehe, still can earn some money in sideline trend if discipline enough.

Anyway, see how, Work with TA, eventually market make the final walk

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Hehe, still can earn some money in sideline trend if discipline enough.

Anyway, see how, Work with TA, eventually market make the final walk.

famouspinky ( Date: 20-Mar-2017 23:29) Posted:

Haha know ur style tts why said take a walk 1st

earlybird14 ( Date: 20-Mar-2017 23:27) Posted:

This sideline trend torture me weeks with many times of cutting loss and profit taking.

Hopefully I won't see it go up again when I wake up tomorrow morning

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This sideline trend torture me weeks with many times of cutting loss and profit taking.

Hopefully I won't see it go up again when I wake up tomorrow morning.

famouspinky ( Date: 20-Mar-2017 23:23) Posted:

U r fast. Good Luck dude.

earlybird14 ( Date: 20-Mar-2017 23:16) Posted:

Dow and Nasdaq, day chart both show MACD at red.

This morning price down and touch 2 hr low bollinger and bounce up, this penetrate the 4hr mid bollinger and press below, now touch 2hr upper bollinger and gonna blocked.

So tonight is critical to see if 2hr upper bollinger manage to push Dow and Nasdaq index and break 4hr mid bollinger band or not.

If manage, index will stagnant below 4hr mid bollinger and move to mid term downtrend with day chart downtrend.

Sell in May and go away, day chart sideline and move down will form completely in March to April.

So tonight dow and Nasdaq close green or red tell us if 4hr midbollinger is broken or not.

Huge short selling position is created with proper cut loss at 2hr upper bollinger line just now.

Wish me successful in this peak short selling after waiting for 2-3 weeks day chart sideline.

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Dow and Nasdaq, day chart both show MACD at red.

This morning price down and touch 2 hr low bollinger and bounce up, this penetrate the 4hr mid bollinger and press below, now touch 2hr upper bollinger and gonna blocked.

So tonight is critical to see if 2hr upper bollinger manage to push Dow and Nasdaq index and break 4hr mid bollinger band or not.

If manage, index will stagnant below 4hr mid bollinger and move to mid term downtrend with day chart downtrend.

Sell in May and go away, day chart sideline and move down will form completely in March to April.

So tonight dow and Nasdaq close green or red tell us if 4hr midbollinger is broken or not.

Huge short selling position is created with proper cut loss at 2hr upper bollinger line just now.

Wish me successful in this peak short selling after waiting for 2-3 weeks day chart sideline.

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A breakthrough 40-40.5 is needed shortly. We still have 42 resistance on top.

earlybird14 ( Date: 16-Mar-2017 12:10) Posted:

A short term shaking weak holder at 39.5-40.

Now we are ready to move higher.

x 0

Gambateh indofood, don't disappoint me.

I bet you will be the best performance palm oil counters.

So show me 60-80 shortly.

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Glp/usd up from 1.211 to 1.238, usd/yen down from 115.5 to 112.4. S&p stagnant but I think will be down this week.

So basically, you can forget what they said lah.

TechnicalTrader ( Date: 20-Mar-2017 09:18) Posted:

CFTC: Speculators More Bearish on Sterling, Yen S& P 500 Longs at 6-Month High

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TA rules FA again.

So long as price support with buying strength, nobody will care cpo price or 1 step forward buy before cpo up.

Anyway, I like it

luladi ( Date: 17-Mar-2017 14:04) Posted:

Should see some decent movement up but nothing out of ordinary. Anything above 10% in short term (1mth) is very good in my opinion.

earlybird14 ( Date: 17-Mar-2017 12:36) Posted:

Indofood and golden Agri chart are ready to bounce up strong after consolidation and accumulation.

Question still stay can TA rule FA( cpo price at low)?

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Sgx will just think, when those Bbs long the stock up and up till unreasonable price, nobody complain, when company got problems, Bbs short selling price down and down, so much complaint from retailers.

The main reason of share price free falling is not only short selling effects but also lacking of confidences from buyers or existing holders.

Price up down is nature of stock, so company like Ezra is going to bankrupt in past few months which is so obvious and price free falling but still a lot put the blame on shortselling. In fact a company going to file bankruptcy, their share is worst than a toilet paper which still can clean dirty.

MichaelSchenker ( Date: 19-Mar-2017 20:51) Posted:

That is quite true, I hate the scrip borrowing the most. Why should SGX allow this? Rather than being a ' investment agency' , SGX is slanted more to being a Gambling house. By right, No scrip, no SELL. Simple! Why encourage punters to short the counters.

And when there' s a mad rush herd mentality, SGX will just template query the company. Oh, C' mon, reasons is too obvious. Mostly, it' s speculators at work.

One day, if the SGX counter is being speculated, I wonder whether they will issue qury to themselves.

dead44 ( Date: 19-Mar-2017 20:15) Posted:

Beging of the end of sgx.THIS IS SELF INFICTED DAMAGE, the high freq trading computers ,mtp and script borrowing!

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😁 😁 😁 you think too high on Ezra management. They quickly registered company in U.S., is to file bankruptcy in U.S. To avoid gonna investigation like Swiber who JM in Singapore.

Basically company filing bankruptcy, most of the time management won't be sued by gov, lawsuits will only be launched by existing shareholders and send management to court, and most of the time, management will be get rid of any responsibility since to US court, everyone hold own due diligence and responsibility to buy company shares, everyone cannot earn money from share, all happy and quiet but when lose money try to blame others.

But Swiber case is gone too far on this basis since gov and statutory step in to investigate management.

So Ezra management take lesson learnt from Swiber case and file bankruptcy oversea, chapter 11, even allow existing management to stay with the company till further notice from creditors and judge. So management still enjoy their pay most of the time.

sheerluck ( Date: 19-Mar-2017 18:07) Posted:

I think this is a rough job for the mgmt since this is not their area of expertise. So they should get a 50% pay rise for doing chapter 11. But for the ground workers, they need to take a 50% paycut since the company is not doing well. Fair right!

Don't force the mgmt to resign enmass like what the swindler board tried to do. No pay no work is everyone's rights, right!

laksaman57 ( Date: 19-Mar-2017 17:57) Posted:

Yes, they will

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This is same as Swiber. Judge or gov assigned middle man will only focus on the benefits of existing employees rather than shareholders to negotiate with creditors try not to winding up the company to maintain jobs for the employees.

In facts, as creditors they prefer to winding up the assets, take it, sell it or keep it and get ride of other liability and commitment especially towards the large group of employees who are waiting for salary month to month.

Put the assets or vessels at idles and wait for next boom to come, will be a better choice for creditors to recover their loss rather than spending money in operation which will only make loss day to day basis.

earlybird14 ( Date: 19-Mar-2017 14:02) Posted:

So, again game over, under bankruptcy protection, or JM, the negotiations between creditors and judges will take very long till 1-2 years.

Unfortunately, there will not have any seat for Lionel Lee or any existing shareholders to sit it during the negotiations process. They can only wait for the outcome and the mercy from creditors and judges decision.

earlybird14 ( Date: 19-Mar-2017 13:59) Posted:

This is for stock listed in Nasdaq or nyse. Still can trade in OTC market or pink street market.

Ezra listed in sgx, don't know got such thing or not. However, There are quite huge number companies file chapter 11, then restructuring and successful relist in Nasdaq and nyse again.

However successful restructuring mean creditors are willing to accept the conditions of converting their debts or bonds to shares. Then existing shareholders share will be fully diluted or completely wipe out.

I saw 90% to 10% till 100 to 0% case by case basis for new share arrangement between creditors and existing shareholders.( majority is 99% to 1%)

For Ezra case, so long as low oil price dragging, the negotiations power from existing shareholders getting smaller.
If move to chapter 7 or 13, basically nothing left to existing shareholders.

Stock price traded at 1.1 cents before filing chapter 11 imply big players have valued there will be nothing left to existing shareholders.( if any, they will load at higher price

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So, again game over, under bankruptcy protection, or JM, the negotiations between creditors and judges will take very long till 1-2 years.

Unfortunately, there will not have any seat for Lionel Lee or any existing shareholders to sit it during the negotiations process. They can only wait for the outcome and the mercy from creditors and judges decision.

earlybird14 ( Date: 19-Mar-2017 13:59) Posted:

This is for stock listed in Nasdaq or nyse. Still can trade in OTC market or pink street market.

Ezra listed in sgx, don't know got such thing or not. However, There are quite huge number companies file chapter 11, then restructuring and successful relist in Nasdaq and nyse again.

However successful restructuring mean creditors are willing to accept the conditions of converting their debts or bonds to shares. Then existing shareholders share will be fully diluted or completely wipe out.

I saw 90% to 10% till 100 to 0% case by case basis for new share arrangement between creditors and existing shareholders.( majority is 99% to 1%)

For Ezra case, so long as low oil price dragging, the negotiations power from existing shareholders getting smaller.
If move to chapter 7 or 13, basically nothing left to existing shareholders.

Stock price traded at 1.1 cents before filing chapter 11 imply big players have valued there will be nothing left to existing shareholders.( if any, they will load at higher price)

sgtrader101 ( Date: 19-Mar-2017 13:50) Posted:

If the company's stock is publicly traded, a Chapter 11 filing generally causes it to be delisted from its primary stock exchange if listed on the New York Stock Exchange, the American Stock Exchange, or the NASDAQ. On the NASDAQ the identifying fifth letter "Q" at the end of a stock symbol indicates the company is in bankruptcy (formerly the "Q" was placed in front of the pre-existing stock symbol a celebrated example was Penn Central, whose symbol was originally "PC" and became "QPC" after the company filed Chapter 11 in 1970). Many stocks that are delisted quickly resume listing as over-the-counter (OTC) stocks. "Actual share value does not reach zero unless the probability of restructuring is so low that a Chapter 7 filing is sure to follow."

Individuals may file Chapter 11, but due to the complexity and expense of the proceeding, this option is rarely chosen by debtors who are eligible for Chapter 7 or Chapter 13 relief.

Source - https://en.m.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Cod

x 0

This is for stock listed in Nasdaq or nyse. Still can trade in OTC market or pink street market.

Ezra listed in sgx, don't know got such thing or not. However, There are quite huge number companies file chapter 11, then restructuring and successful relist in Nasdaq and nyse again.

However successful restructuring mean creditors are willing to accept the conditions of converting their debts or bonds to shares. Then existing shareholders share will be fully diluted or completely wipe out.

I saw 90% to 10% till 100 to 0% case by case basis for new share arrangement between creditors and existing shareholders.( majority is 99% to 1%)

For Ezra case, so long as low oil price dragging, the negotiations power from existing shareholders getting smaller.
If move to chapter 7 or 13, basically nothing left to existing shareholders.

Stock price traded at 1.1 cents before filing chapter 11 imply big players have valued there will be nothing left to existing shareholders.( if any, they will load at higher price)

sgtrader101 ( Date: 19-Mar-2017 13:50) Posted:

If the company's stock is publicly traded, a Chapter 11 filing generally causes it to be delisted from its primary stock exchange if listed on the New York Stock Exchange, the American Stock Exchange, or the NASDAQ. On the NASDAQ the identifying fifth letter "Q" at the end of a stock symbol indicates the company is in bankruptcy (formerly the "Q" was placed in front of the pre-existing stock symbol a celebrated example was Penn Central, whose symbol was originally "PC" and became "QPC" after the company filed Chapter 11 in 1970). Many stocks that are delisted quickly resume listing as over-the-counter (OTC) stocks. "Actual share value does not reach zero unless the probability of restructuring is so low that a Chapter 7 filing is sure to follow."

Individuals may file Chapter 11, but due to the complexity and expense of the proceeding, this option is rarely chosen by debtors who are eligible for Chapter 7 or Chapter 13 relief.

Source - https://en.m.wikipedia.org/wiki/Chapter_11,_Title_11,_United_States_Code

earlybird14 ( Date: 19-Mar-2017 13:36) Posted:

If you are existing shareholders to care about Ezra, you can forget Ezra since you will only get nothing no matter what is outcome after chapter 11.

If you are Ezra employees and expect to survive in the coming retrenchment, then your future will be tightened with the outcome of chapter 11. So long as they don't move to chapter 7 which is winding out, your jobs will be saved.

Basically Saturday chapter 11 filling for EZRA holding is game over for existing shareholders

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If you are existing shareholders to care about Ezra, you can forget Ezra since you will only get nothing no matter what is outcome after chapter 11.

If you are Ezra employees and expect to survive in the coming retrenchment, then your future will be tightened with the outcome of chapter 11. So long as they don't move to chapter 7 which is winding out, your jobs will be saved.

Basically Saturday chapter 11 filling for EZRA holding is game over for existing shareholders.

joebloggs ( Date: 19-Mar-2017 13:28) Posted:

Does anybody know if EZRA satisfies this condition as subsidiary set up in NY only done so in February 2017?

Debtor has had its domicile, principal place of business, or principal assets in this district for 180 days immediately preceding the date of this petition or for a longer part of such 180 days than in any other district.