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ST Engineering
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ST Engg
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wavehunter
Supreme |
08-Dec-2017 16:12
Yells: "Trade what you see, not what you hope to see." |
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General Lucky, Black cat or white cat all sama sama pussy cat. As long as can catch mice...is a good cat. Buy incrementally at various strategic Pit Stops and spread out your averaging down to achieve a better average price so as to bring yourself within striking distance when a rebound comes... OR... stay sidelines and buy when the monkey starts buying... different strokes for different folks. So long as can make money... is a good stroke. But General Lucky... if I do it your way, I will add one modification to it...and which is, I will use a pyramid-shape type of buying, ie. lesser at the top and more at the bottom. That way, the average price will be far superior than a strategy where I buy the same number of stocks to average down as the price falls. But your money, your call.  
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SuperLuckyCorn
Supreme |
08-Dec-2017 15:42
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monkeys trick?? close back at 3.23 | ||||
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SuperLuckyCorn
Supreme |
08-Dec-2017 15:35
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Oops..General Wave, we already load a bit. No time to analyze & our intelligence not as good as General Wave. So we can only use dump dump trading method, flying kites pull & release. Overall gain may be much lower than yours, but still higher than CPF special account. Waiting for next load at 3.10. \(^_^)/\(^_^)/\(^_^)/\(^_^)/\(^_^)/
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wavehunter
Supreme |
08-Dec-2017 15:29
Yells: "Trade what you see, not what you hope to see." |
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Broke 3.20 earlier and kissed 3.19. Now back to 3.20 : 3.21 but it looks fragile. From the price action, I did not see any dumping of this counter in big lots. That tells me sellers were probably retail traders and investors who had given up on this counter and threw back be it becoz their stop loss was triggered OR to do a technical short...meaning, throw back first to stop the bleeding. Then buy back when she bottoms out and U-turn back up. That way, you can avoid the loss in-between. And you can sleep better too knowing that the stock can drop all she likes meantime as it wont bother you anymore. Your bleeding has stopped. But people who employ this strategy must keep a close watch on the stock and on the broader market. ST Engrg is not a market leader. She is a follower. If the broader market recovers, she will follow. Those who are already vested, you are languishing. My heart bleeds for you. You have 2 options. 1. LOON on. Wait for the big buyer to come back. How long? I dont know. But he will come back. Becoz ST Engrg is not a Noble. Noble is a shit stock. ST Engrg' s fundamentals are far superior. And she pays good dividends - 15 cts per year. The lower her price, the higher her Dividend Yield. Plus attractive stock price appreciation potential. If you choose to LOON on, remember to add more if you can, when the big buyer is back in the driver' s seat.   2. Do a technical short to stop the bleeding. But only if you think she has more downside and hence worthwhile to execute this strategy. For those of you who are looking to buy, dont be a hero.  Dont be the first one to CHEONG in. Many a times, we get impatient...our fingers become very itchy... and our hearts are filled with misplaced hopes and bullishness that right after we buy, others behind us will CHEONG in to buy and immediately lift the price to put us in the money. But the reality is that you and you alone are the only one who feels bullish about the stock and that not many share your gutfeel that this stock is going to U-turn and blast off towards the Moon anytime soon. So dont be a hero to be the first one to CHEONG in thinking that others will follow you. If you CHEONG in first and shout your battle cry and you keep running, when you turn your head and look back, you will discover that there is no one...no one at all behind you. Coz everyone is still standing at the sidelines waving " All the best" to you. Wanna buy, be patient and wait. Wait for the big buyer to take the driver' s seat. The next reporting will be in Feb 2018. Dividends, as in previous years, should be around 10 cts. XD in late April 2018. |
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SuperLuckyCorn
Supreme |
08-Dec-2017 15:15
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So nice....CornCorn finally replenish a bit at 3.20. May all of us have good luck ![]()
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junction
Master |
08-Dec-2017 09:21
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what you write makes sense.  Having said that, if Aberdeen were to dump all their holdings in a trading session, the downward pressure will be great.
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pasttime
Supreme |
08-Dec-2017 09:02
Yells: "gold silver are real money. not others iou." |
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want to buy at 2.9 or below. | ||||
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JoeJordan
Member |
07-Dec-2017 17:30
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Cash is King now. | ||||
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MichaelSchenker
Master |
07-Dec-2017 16:52
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Friends and fans of ST engg, for discussion purposes only.... I have no data, news or whatever facts to back me up, but just looking at it current traded price somehow, it seems there is a psychological   barrier at 3.210. Dont mistaken, I am still on accumulation mode. But it increasingly looks likely that it would go down to 3.1xx or even 2.9xx. I am still holding, not selling, not buying anymore at the moment until a clearer picture can be visualised. Good Luck to all, including myself.   |
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leongyan
Master |
07-Dec-2017 16:03
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Still got room to go given STI' s correction. Patiently collect and get the most bottom out of it
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Rommel
Member |
07-Dec-2017 13:46
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Institutions aren' t as affected by share price declines as you guys seem to think. Firstly, losing 1.4mil per 1 cent drop or whatever the figure is may seem like a lot, but it' s still a tiny % of their total assets. The impact to their portfolio is minimal relative to the total size of their portfolio. Secondly, when you also consider that institutions are typically well diversified in their investments, share price fluctuations in any single stock don' t really have such a terrible effect on their portfolio.    Thirdly, ST Eng is one stock out of thousands of stocks out there. Institutions have many avenues to pursue to generate returns. If they feel that X amount of dollars generates higher returns with another stock, there is absolutely no reason for them to average down stubbornly on losing positions.  In fact, they are even less likely to inflate the % allocation to a particular stock if that stock already has a large position in their portfolio, as that would adversely affect their position-sizing. Fourthly, even if Aberdeen does buy some more ST Eng, they alone can' t really move the needle a great deal unless other big institutions also buy in. I don' t really see any compelling reason for that to happen. The stock is decently price but it' s not like it' s a huge bargain with amazing prospects. Funny how people talk as if Aberdeen Asset Management has some dire and urgent need to prop up the stock price of one stock in their portfolio. They probably aren' t really bothered, especially when there are many other avenues for generating superior returns. |
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wavehunter
Supreme |
06-Dec-2017 22:03
Yells: "Trade what you see, not what you hope to see." |
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According to what I saw online, Aberdeen Asset Management owns more than 140 million shares in ST Engrg. Every 1 ct movement in the stock price is $1.4m. ST Engrg' s 52-Wk HIGH was 3.86. She closed at 3.23 today. That' s 63 cts below her 52-Wk HIGH. Which means Aberdeen Asset Management' s portfolio of ST Engrg shares is now worth $88.2m lower.  Which also mean if they do nothing, their management fee which is usually 2% and pegged to the value of the fund, will be $1.764m lower.  Heheh.   
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Shampain
Veteran |
06-Dec-2017 21:33
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Always enjoy your essay haha. Waiting for the signal too
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JoeJordan
Member |
06-Dec-2017 21:30
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Gen Wave,
Thanks for your strategic analysis of the enemy strength!
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wavehunter
Supreme |
06-Dec-2017 21:19
Yells: "Trade what you see, not what you hope to see." |
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Siang Kha Pager har?    ![]() King Jordan, I am a price action trader. Charts can say one thing. Fundamentals can say another thing. But trading experience has taught me that no matter how SWEE the chart is and no matter how TOK KONG the Fundamentals are, if only you and I and all the uncles  and aunties  here buy, all our buying also Boh Chye Kang one. Wont even cause the price to clear one level of sellers. For a stock to rise... any stock Boon Ho... Funds must buy. No IFs no BUTs. Funds must buy. Chew Si Ah Nee Kang Tongue.  Any stock ...Hampalang Long Chong Boon Sio Siang Eh... when Funds BUY, that stock will Ti Ti KHEE. When Funds SELL,  that stock will Ping Pong Phiank and Khong Kha Khiaw.  So we patiently wait for the godfathers to come back to look after their godson. Temasek is the biggest shareholder. Another very big shareholder is Aberdeen Asset Management. When the price falls by 1 cent, to most of us it means a paper loss of $100 to $1000. But to the godfathers, becoz of the sheer size of ther shareholdings, 1 cent means millions of dollars. Whether the stock price is up or down by 60 cts, the entire value of their shareholdings will be up or down by tens of millions. So it simply cannot be that the godfather will  take this sitting down and allow the stock price to remain at such depressed levels.  To those who are already in this stock and are  languishing, they are gasping for air and hoping for a lifeline to be thrown to them. But for  the godfather, the current low price is merely  a temporary occurrence which does not affect his financial standing or credit worthiness. He  knows that the moment he says " GO" and  his broker starts buying, the stock price will recover. The price will recover as a matter of certainty.  Not maybe. Not perhaps.  The price  will rise. And he will be unstoppable when he starts buying. So what do we do? Simple. We wait. We wait for those who have a vested interest to see ST Engrg' s stock price soaring into the sky to take the pilot' s seat and to  make this announcement : " Cabin crew... secure all doors. Prepare aircraft for take off" .
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Hedge_hog
Member |
06-Dec-2017 20:12
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Apparently a bullish signal has been detected and it' s at the end of its downtrend. Do your own technical analysis. Just don' t miss the boat (like I always do ....cos waiting for prices to drop further... and later not willing to pay more...bang head!) Enter at the right time! Time to go shopping before the sale ends! |
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halleluyah
Supreme |
06-Dec-2017 13:57
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bro bishan, must stretch the $$ looong looong cos now mkts correction time...dun pray pray....
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Shampain
Veteran |
06-Dec-2017 13:39
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Will wait and stalk like a predator. Strike when the price is right | ||||
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bishan22
Supreme |
06-Dec-2017 13:33
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Chun boh sis... 300 have to do long neck exercise. Hehe.
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halleluyah
Supreme |
06-Dec-2017 13:31
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2.70 & blw....mkts on correction mode.....
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