| Latest Forum Topics / Renaissance United Last:0.001 -- |
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Neglected, Illiquid, Undervalue, Recovery counter
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ninjawarrior
Member |
26-Dec-2013 09:40
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IPCO?s investment portfolio comprises strategic stakes in various sectors:
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Lucky03
Elite |
26-Dec-2013 01:58
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IPCO US subsidiary in property development and sales should be expected to do better.
Sales of New Homes in U.S. Exceeded Forecasts in November By Michelle Jamrisko December 24, 2013 10:12 AM EST 15 Comments Facebook Twitter LinkedIn Save Home Construction Purchases of new U.S. homes exceeded projections in November, holding near a five-year high and showing the housing recovery was gaining momentum even as mortgage rates climbed. Sales declined 2.1 percent to a 464,000 annualized pace, following a revised 474,000 rate in October that was the strongest since July 2008, figures from the Commerce Department showed today in Washington. The median forecast of 75 economists surveyed by Bloomberg called for 440,000. Home purchases are strengthening as builders respond to pent-up demand unleashed by employment gains and record-high stock prices. Applications for building permits held near a five-year high in October, signaling a pickup in new-home construction will be maintained through the start of 2014. ?You did have a rise in mortgage rates, but house prices are still about 20 percent below the peak, affordability is high, and the labor market is improving,? said Gennadiy Goldberg, an economist at TD Securities USA LLC in New York. ?There?s a natural demand for more housing.? Economists? estimates in the Bloomberg survey ranged from 390,000 to 475,000. October sales were originally reported as a 444,000 pace. The Commerce Department revised up data for each month back to August. The market is on pace to reach 435,100 new homes sold this year, the most since 2008, according to Bloomberg calculations. Durables Orders Another report today showed orders for durable goods climbed more than forecast in November, reflecting broad-based gains that signal business investment is rebounding after a third-quarter lull. Bookings (DGNOCHNG) for goods meant to last at least three years rose 3.5 percent after a 0.7 percent drop the prior month, according to Commerce Department data. The median estimate of 75 economists surveyed by Bloomberg called for a 2 percent advance. Excluding demand for transportation equipment, which is often volatile, orders also beat projections. Stocks rose after the reports, with the Standard & Poor?s 500 Index climbing 0.1 percent to 1,830.14 at 10:11 a.m. in New York. The median sales price for a new home climbed 10.6 percent from November 2012 to $270,900, today?s report on sales showed. Purchases cooled in two of four U.S. regions in November, led by a 26.6 percent drop in the Midwest. Sales jumped 31.1 percent in the West and 15.2 in the Northeast. Less Supply The supply of homes dropped to 4.3 months, the lowest since June, from 4.5 months in October. There were 167,000 new houses on the market at the end of November, down from 179,000 the prior month. New-home sales, tabulated when contracts are signed, are considered a timelier barometer than purchases of previously owned dwellings, which are calculated when a contract closes. New construction accounted for about 7 percent of the residential market in 2012. Building permits fell 3.1 percent in November from the prior month to a 1.01 million rate, Commerce Department data showed last week. October?s 1.04 million level was the highest since June 2008. At the same time, sales of previously owned homes declined for the third consecutive month in November to the lowest level of the year as rising mortgage rates and a limited supply of properties discouraged buyers. Existing Homes Purchases dropped 4.3 percent to a 4.9 million annual rate, the National Association of Realtors reported last week. The median forecast of economists in a Bloomberg survey called for the pace to slow to 5.02 million. Still, the group projects 2013 will be the best year for the industry in seven years, with an estimated 5.1 million properties sold. The average rate on a 30-year mortgage was 4.47 percent in the week ended Dec. 19, according to McLean, Virginia-based Freddie Mac. The rate reached a record low of 3.31 percent a year ago and was at 3.35 percent as recently as May. Homebuilders such as Los Angeles-based KB Home (KBH) see the rise in interest rates as a short-term ?pause? for buyer demand that won?t crimp an acceleration in the housing recovery next year. ?Higher mortgage rates, higher home prices and lower consumer confidence due to uncertainty in Washington triggered a pause among homebuyers who are now being more cautious,? Chief Executive Officer Jeffrey Mezger said on a Dec. 19 earnings call. ?Affordability is at attractive levels, demographics remain strong and there?s pent-up demand due to delayed household formation? that will support the market in 2014. |
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moneyplant
Master |
24-Dec-2013 10:42
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Anyhow, good luck!
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papayaface
Supreme |
23-Dec-2013 13:27
Yells: "This is the best time to enter....when everythings uncertain" |
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If share financing is the reason then he is ready to hoot up....but dont forget to get out when the music stops.
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Laggard
Senior |
23-Dec-2013 12:52
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EL again transfer 200mil shares from Direct to Deemed interest, once someone comment that it might be due to share financing..... can some Sifu care to explain more? | ||||
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Bigmama
Elite |
23-Dec-2013 10:58
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I realise that when suddenly people get bullish ..... This stock dies!
1.7 almost gone. Maybe we post bearish and it will goes up. )
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Rosesyrup
Master |
23-Dec-2013 02:09
Yells: "Get your own opinion, don't follow blindly." |
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Not me don't want to cut loss, and stuff. As much as I wanted to time the market and hold no position like you guys, I just can't trade well. I once done a test for myself, using paper money of course, the result was disastrous. Aggregate loss of 20% after taking in account brokerage fee. One tailed hypothesis with 90% (min already) confidence, me also can't achieve. Simply put, me no market timing skill at all! :( :( :( It is said that anyone with either stock picking skill or market timing skill can consistently beat the market. |
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Rosesyrup
Master |
22-Dec-2013 21:44
Yells: "Get your own opinion, don't follow blindly." |
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Lol, guess it is more due to the bearish market.
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Bigmama
Elite |
22-Dec-2013 21:30
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Well, you seem good for bearish call but for bullish call on ipco I think otherwise .... We shall see.
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Rosesyrup
Master |
22-Dec-2013 21:25
Yells: "Get your own opinion, don't follow blindly." |
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If you do follow my posting thus far, you should understand none of my figures are " magically produced" . Just 4 months ago who would believe=>
In fact a lot reprimanded me for sprounting nonsense whenever I start posting on those threads. Further talk is pointless now, we shall see. :)
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Rosesyrup
Master |
22-Dec-2013 21:14
Yells: "Get your own opinion, don't follow blindly." |
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Definitely way less than 10k lots. Can't disclose the exact figure, cos that would reveal my net worth- privacy issue..But I can disclose my losses is 5 figures now! I am not too concern about short-term fluctuation cos I am not a trader not because I talk brave. For the same reason, I did not take profit at 4.5cents cos I am an investor liquidating overvalued counters only, not because I am greedy.
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Rosesyrup
Master |
22-Dec-2013 21:05
Yells: "Get your own opinion, don't follow blindly." |
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This guy started off with yelling and swearing, claiming how bad is counter is and how stupid we investors are. But right now this genius also bought in already. This just goes to show how attractive current price is. Moneycow bro, we TKK together :)
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Bigmama
Elite |
22-Dec-2013 21:02
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That depends if you bought a little or a lot.
If one bought a little that even ipco go to less than 1 cents it doesn't hurt or matter.... One will talk brave. If she bought 10,000 lots...... She will not talk like that. Lol Now ... How much did you buy? Lol
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Rosesyrup
Master |
22-Dec-2013 20:56
Yells: "Get your own opinion, don't follow blindly." |
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I have been waiting for 3 months or less.And I bought at 33 cents....you can calculate how much losses I have made so far. But I have little concern about this counter. As I said, 2014 is gonna be a great year for all cyclical counters. I believe you bought at a bad, in fact terrible year- 2009. 1 year after you bought, world economy was once again hit by Eurozone crisis. But no worries, everything going to change soon. I mean you can easily catch the hint from FED's decision to cut QE3. My TP is valid for 1 year period. 6.2cents if Blumont is never going to recover.
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rentay
Member |
22-Dec-2013 19:31
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How long have you been waiting ? I had been waiting since 2009. Hair white lia....haha
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Lucky03
Elite |
22-Dec-2013 01:46
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Not 1 lot. 1 trade of 15 lots and that's because hardly any seller to 0.017 for 1.5 hrs since last traded price of 0.017 at 3:53pm. Building up base from 0.015, 0.016 and now possibly 0.017. Slow but steady ....
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Bigmama
Elite |
22-Dec-2013 00:07
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I will be very surprise if it touch 2.0 and close 1.9.
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Rosesyrup
Master |
22-Dec-2013 00:01
Yells: "Get your own opinion, don't follow blindly." |
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Regardless. My tp 6.2 remained unchanged. | ||||
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papayaface
Supreme |
21-Dec-2013 23:55
Yells: "This is the best time to enter....when everythings uncertain" |
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And yet it could end up 0.1 cts because of 1 lot traded at end of the trading. May be next week suddenly BB decide to rotate to IPCO from the oil related counters.
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HVRRVH
Elite |
21-Dec-2013 23:45
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I predict on Monday Ipco will trade intra day high of .2cents and close at .19 cents. | ||||
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