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Sembmarine
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smoothsailing
Member |
17-Jul-2019 16:43
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Sergio Moro, the corrupt and crooked judge who presided over the Keppel and SMM cases and whose office controlled the prosecution of Keppel and the hoped-for prosecution of SMM, is now on holiday in the US(since he is a puppet of the US neocon establishment), after facing calls to resign from Brazil' s parliament, where he was called a " lying and thieving judge" and " everything a judge should not be" (see the videos previously). https://www.theguardian.com/world/2019/jul/08/moro-lula-leaks-bolosnaro-justice-minister-takes-leave-brazil |
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FATABA
Supreme |
17-Jul-2019 16:30
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Was there some gd news on the Brazil issue....private settlement w a small fine ? Hmm....retail dont know ler |
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trademaster
Supreme |
17-Jul-2019 16:23
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Yes told u this morning! :) Take profits and buy back on retracement
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Francisgohyc
Master |
17-Jul-2019 16:17
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Hello brother trademaster, now $1.51    up 11 cents volume very big 11.83 million ( unstoppable again ) Have you reload at $1.40-$1.43, tomorrow will see what news pop up  
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Dreamer_1234
Senior |
17-Jul-2019 16:17
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Yes! Finally! Huge wave | ||||||||||||||
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TraderBen
Supreme |
17-Jul-2019 16:11
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The 4.02pm trade one shot eat all to 1.53 ..circuit breaker? | ||||||||||||||
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TraderBen
Supreme |
17-Jul-2019 16:07
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Wah suddenly move! | ||||||||||||||
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noslen
Veteran |
17-Jul-2019 16:07
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Hereeeee we goooo..... | ||||||||||||||
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trademaster
Supreme |
17-Jul-2019 14:48
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Tks bro. 141-145 level last chance to load before ship move.
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Francisgohyc
Master |
16-Jul-2019 16:40
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I know this price is very low liao  but no more spare money to buy for long term What a waste, money not enough $$$ if not buy more to leverage it Wish you huat ........ all the way
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SmallSmall
Supreme |
16-Jul-2019 09:07
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http://donovan-ang.blogspot.com/2019/07/sembcorp-marine-15-july-2019-monday.html?m=1
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trademaster
Supreme |
16-Jul-2019 08:55
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Bro Francis...if there were no bad news lately we wont get current bargain prices. See beyond what the normal people see/think. Expect the unexpected. The huat may come sooner than u expected.
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Qanghoo
Supreme |
15-Jul-2019 15:47
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Brother, if it eventually chiong to 2.00 (which to me is not impossible), it' d be very +ve for u.  So, I hope u huat big big in the end if u decide to ' pok' with it. 
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Francisgohyc
Master |
15-Jul-2019 15:21
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Don' t look good for at least 6 months time frame - sian now stuck all my money in this counter Previously should keep ComfortDelGro or Capitaland rather oil related counter Stay flat at the range of $1.40 - $1.43 ( between the lowest range )  
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trademaster
Supreme |
15-Jul-2019 13:20
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This morning killed some shortists. Hang on tight , in anticipation of good news and / or positive catalyst.   
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Francisgohyc
Master |
12-Jul-2019 12:29
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Still stay flat at this range $1.40-$1.43, good to accumulate at this price This counter have to wait for at least 6 months before it pay off with profit win (10cents up from $1.40) The alleged bribery case to me may not be so serious Oil price still saty above $60  
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Qanghoo
Supreme |
11-Jul-2019 21:53
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In KC' s case, the illegal payments were even written into their contracts.  Yet, the board were so lacking in their oversight (or they were so stupid that they ought to do some soul searching on their aptitude to sit up there) that it escaped them.  KC was penalised by three jurisdictions, including the CPIB no less.  So the case is beyond reasonable doubt.  But for me, what shld have arisen from the case wld surely have been the CPIB also asking to comb through the SMM contracts, if the CPIB was sufficiently vigilant.  N I assume they' d have done that n presumably found nothing amiss.  This strengthens the probability that SMM is in the clear, having too, up to now, no apparent evidence surfacing otherwise.  Furthermore, my reading of SMM' s recent two updates on Car Wash is that the focus is on possible wrong doing by an employee, ie MC.  Like I mentioned earlier, a guilty employee does not necessarily taint his employing org, unless collusion is proven.  So, I' m still inclined to continue casting my vote of confidence on SMM being above board.  But, like I always say ..... DYODD.
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noslen
Veteran |
11-Jul-2019 16:32
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👏 👏 👏 👏
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smoothsailing
Member |
11-Jul-2019 15:50
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For most judicial systems, if the judge or prosecutor in charge of the case is shown to be corrupt, the case is TAINTED and must be thrown out or at least reheard under a new court. Since Sergio Moro(the Judge presiding over the Keppel and SMM cases) is now shown to be corrupt, the case against SMM is severely weakened and the Singapore and American Authorities are unlikely to agree with any determinations of the brazil office run by Sergio.  In this case, there may be no American factor at all, cos the US only wants to eat low-hanging fruit and usually won' t touch a " tainted" case(Segio Moro). In the case of Keppel, the directors of Keppel O& M(KOM) were taped by their own Keppel agent instructing him to bribe Sete. The agent also turned for the prosecution and gave testimony condemning Keppel. The agent only spent some months in prison and we understand he is on house arrest, he can go out during the day but must be home at night. Hardly any punishment at all.The US also had a spy inside Keppel(Keppel' s in-house lawyer) who stole all the internal emails showing bribery inside Keppel and gave it to US Authorities. Keppel also in the past was convicted of bribing Exxon(I think) but Singapore Govt let off Keppel with a $300K fine only. For the $400M+ fine to go thru, all 3 authorities had to agree to it, Brazil, US and Singapore. $100M went to US, $100M went to SG and $200M went to Brazil. So Keppel cannot escape even if the Judge is corrupt, but SMM case is different. SMM' s agent so far has insisted he never bribed Sete(implies SMM not involved at all), and brazil office had to release him cos no evidence. In Brazil, they usually cannot get evidence, so they threaten u or keep u in jail u until u confess. If there is no new evidence in this case, then SMM must continue to be regarded as innocent, whether or not the agent is guilty. SMM has a very clean and transparent reputation in the O& G business, unlike Keppel. It never offers bribes unlike the other foreign shipyards that offer bribes like drinking coffee everyday.  If the new factor in this case is that SMM' s agent may have given kickbacks to SMM' s brazil boss Martin, in order to retain him as the agent for SMM, then it does not support the accusation that SMM directly bribed Sete. The Brazil office claims this supports their accusation that SMM bribed Sete directly, but they r talking illogical nonsense and have been shown to be corrupt now. The corrupt Brazilians r trying to extort a huge fine from SMM and maybe even try to destroy SMM and get " glory" for themselves. But SMM is probably innocent. So we should condemn these corrupt Brazilian scum, and support SMM since it is an important part of the Singapore economy and has a good reputation.  |
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noslen
Veteran |
11-Jul-2019 15:41
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Yes trade with care indeed..... looks like on the other side of door, there's a trap waiting for the shortists to step into too 😅 😅
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