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Earlybird s talk - Sgx stock Post Reply Rate topic
earlybird14 Supreme	05-Mar-2017 08:32        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	welcome. Just went through history, where is support and resistance level. Month, week, day and 4hr low(support), mid(support/resistance), upper(resistance) bollinger band in fact are 20 days average moving line. So only breaking resistance strongly, then Accummulation at lower level, then you can expect higher. Just zone into Ocbc month chart, because week chart has sideline after long time range bound between 8.2-9, so month chart is the only available resistance for ocbc after a long term downtrend turn to long term uptrend. When month mid bollinger come down from top approach this range bound, it will attack it. Resistance are month mid bollinger band(8.9) upper(9.85). Just take note all these average line are moving time to time, because it is downtrend, so it is moving down, now upper is 9.61. So let's what happen, price broke 8.9, till 9.37 on 8 dec (day chart RSI is overbought), 1hr-4hr trend line sideline, price move into correction. Where? 8.9. Day chart low bollinger band and month chart mid bollinger(resistance turn support after breaking). Then 4hr move sideline line and move up till 9.78, close to 9.85, month upper(resistance), day RSI is overbought. Profit taking till 9.42. Then range bound 9.65-9.42. Accummulation or stronger distribution? We will know this week based on below observation. TA is not 100% but just for reference. But sometimes, you know how accurate there are based on history. EmmGru      ( Date: 05-Mar-2017 01:23) Posted: Thanks, I was wondering why OCBC was range bound, somebody in the OCBC thread tot it was due to accumulation but you are probably right. I made the mistake of chasing so have book loss while it is range bound now. I will keep a close watch next week. Good idea to open this thread, I always learn a lot from your posts in Noble. Dun always hold the same position as u but learnt not to take big bet against u hahaha earlybird14      ( Date: 05-Mar-2017 00:41) Posted: Add on. A news which is known by public is not a new, is a history. Bbs may price in. So this explain why a lot of pump dump case after a news which is known for days or weeks, and a confirmed news out end up pump and dump. Like Midas holding, don't know you know this company. 26 is month resistance( again strong one), rally from 21 to 26, then stop here for week, price down till 24.5- 25, management issue profit guidance before result release with 70% gain, price back to 26, then come down 25, result release, price back to 26, then gonna dump till Friday price 23.5-24. So news we retailers think it is news but insiders bbs all have first hand info, so already bought at 21. Their final target is to distribute all at 26 and create some short selling at 26, pump dump then find another level to buy back again at lower price, what price is it? A price can maximiZe their shortselling position profit at the same time sufficient for them to create another long position. This is stock market
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EmmGru Veteran	05-Mar-2017 01:23        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks, I was wondering why OCBC was range bound, somebody in the OCBC thread tot it was due to accumulation but you are probably right. I made the mistake of chasing so have book loss while it is range bound now. I will keep a close watch next week. Good idea to open this thread, I always learn a lot from your posts in Noble. Dun always hold the same position as u but learnt not to take big bet against u hahaha earlybird14      ( Date: 05-Mar-2017 00:41) Posted: Add on. A news which is known by public is not a new, is a history. Bbs may price in. So this explain why a lot of pump dump case after a news which is known for days or weeks, and a confirmed news out end up pump and dump. Like Midas holding, don't know you know this company. 26 is month resistance( again strong one), rally from 21 to 26, then stop here for week, price down till 24.5- 25, management issue profit guidance before result release with 70% gain, price back to 26, then come down 25, result release, price back to 26, then gonna dump till Friday price 23.5-24. So news we retailers think it is news but insiders bbs all have first hand info, so already bought at 21. Their final target is to distribute all at 26 and create some short selling at 26, pump dump then find another level to buy back again at lower price, what price is it? A price can maximiZe their shortselling position profit at the same time sufficient for them to create another long position. This is stock market. earlybird14      ( Date: 05-Mar-2017 00:32) Posted: Day Traders don't worry these since they involve short term trading. Why range bound, because they have reduced risk exposure by covering at 9.4 for the shortselling position at 9.6-9.7 and hold some expect more. So in fact, you see a quick bounce up and down between 9.65 and 9.42. So they safe guard them self at upper and lower limit with profit. After few round like that, you will start to see a firm movement starting from around 9.55 and slowly move down or move up. Then this movement once touch 9.65 or 9.42, without strong resistance, then it will cause break out. Why choose 9.78, because it is critical resistance. Traders will just do it and choose this level to take profit for their bull run even though in a bull market or strong trend. After taking, see how market response and sell and buy activity to decide next move. So resistance level is for profit taking and shortselling position creation, then range bound for building some cash for supporting next trend by safeguard top and bottom (9.4-9.65) 1-3 times, then observe the mid range movement after few times range bounce and decide to continue the shortselling or cut the shortselling and turn it to long buy to push cross the 9.78. So now price is 9.5. Mid range 9.55. 2 times at 9.65, 2 times at 9.42. Very soon we will know if it is up or down
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ken777 Veteran	05-Mar-2017 01:15        ken777 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Finally, this is one of the objective threads in the forum ... not just a typical subjective ballistic opinion.  There always 2 sides to a coin.
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EmmGru Veteran	05-Mar-2017 00:45        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks. March rate rise is very probable after Yellen's speech on Fri. So this should support the banks. More or less the O&G exposure should be covered by Dec results as Ezra is known before the results announcement. So I plan to hold OCBC at least to end Mar hoping for UE sale. OCBC open at 9.63 last week once Mar rate rise probability increased before it went down (hopefully just due to profit taking and Fri effect). Hope the price gaps up on Mon to 9.6 + and hold or rise. Generally OCBC price has lagged DBS and UOB. Hope it catches up. TechnicalTrader      ( Date: 05-Mar-2017 00:17) Posted: Comparing the three local banks with say maybank Bank                   Current P/E             Future P/E           Book to Price Ratio OCBC                 11.5                         9.99                       1.07 DBS                     11.29                       9.55                       1.08 UOB                     11.6                         10.31                     1.052 MayBank             12.9                                                     1.33 Drop in OCBC on 14 Feb has made its price on par with the DBS and UOB... So the three banks should more or less hand-in-hand. That actually justify OCBC buy back its share at around this level but not higher... As mentioned before, support around 9.40... The problem now is you are standing on the wire... To me, it is risky...  Actually, couldn' t figure out why the banks pulled back on thursday... otherwise you will be safed by now... Technically, if any of these few days ahead, if it can close above 9.53 then it is quite safe for a rebounce..  Me too is also learning.... so no guarantee... Just giving you my analysis..
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earlybird14 Supreme	05-Mar-2017 00:41        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Add on. A news which is known by public is not a new, is a history. Bbs may price in. So this explain why a lot of pump dump case after a news which is known for days or weeks, and a confirmed news out end up pump and dump. Like Midas holding, don't know you know this company. 26 is month resistance( again strong one), rally from 21 to 26, then stop here for week, price down till 24.5- 25, management issue profit guidance before result release with 70% gain, price back to 26, then come down 25, result release, price back to 26, then gonna dump till Friday price 23.5-24. So news we retailers think it is news but insiders bbs all have first hand info, so already bought at 21. Their final target is to distribute all at 26 and create some short selling at 26, pump dump then find another level to buy back again at lower price, what price is it? A price can maximiZe their shortselling position profit at the same time sufficient for them to create another long position. This is stock market. earlybird14      ( Date: 05-Mar-2017 00:32) Posted: Day Traders don't worry these since they involve short term trading. Why range bound, because they have reduced risk exposure by covering at 9.4 for the shortselling position at 9.6-9.7 and hold some expect more. So in fact, you see a quick bounce up and down between 9.65 and 9.42. So they safe guard them self at upper and lower limit with profit. After few round like that, you will start to see a firm movement starting from around 9.55 and slowly move down or move up. Then this movement once touch 9.65 or 9.42, without strong resistance, then it will cause break out. Why choose 9.78, because it is critical resistance. Traders will just do it and choose this level to take profit for their bull run even though in a bull market or strong trend. After taking, see how market response and sell and buy activity to decide next move. So resistance level is for profit taking and shortselling position creation, then range bound for building some cash for supporting next trend by safeguard top and bottom (9.4-9.65) 1-3 times, then observe the mid range movement after few times range bounce and decide to continue the shortselling or cut the shortselling and turn it to long buy to push cross the 9.78. So now price is 9.5. Mid range 9.55. 2 times at 9.65, 2 times at 9.42. Very soon we will know if it is up or down. EmmGru      ( Date: 04-Mar-2017 23:58) Posted: I am holding on a paper loss for OCBC too. Just wondering would it be risky to short OCBC as news on UE sale may be out in March. Thanks for discussing OCBC, the OCBC thread is not very active
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earlybird14 Supreme	05-Mar-2017 00:32        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Day Traders don't worry these since they involve short term trading. Why range bound, because they have reduced risk exposure by covering at 9.4 for the shortselling position at 9.6-9.7 and hold some expect more. So in fact, you see a quick bounce up and down between 9.65 and 9.42. So they safe guard them self at upper and lower limit with profit. After few round like that, you will start to see a firm movement starting from around 9.55 and slowly move down or move up. Then this movement once touch 9.65 or 9.42, without strong resistance, then it will cause break out. Why choose 9.78, because it is critical resistance. Traders will just do it and choose this level to take profit for their bull run even though in a bull market or strong trend. After taking, see how market response and sell and buy activity to decide next move. So resistance level is for profit taking and shortselling position creation, then range bound for building some cash for supporting next trend by safeguard top and bottom (9.4-9.65) 1-3 times, then observe the mid range movement after few times range bounce and decide to continue the shortselling or cut the shortselling and turn it to long buy to push cross the 9.78. So now price is 9.5. Mid range 9.55. 2 times at 9.65, 2 times at 9.42. Very soon we will know if it is up or down. EmmGru      ( Date: 04-Mar-2017 23:58) Posted: I am holding on a paper loss for OCBC too. Just wondering would it be risky to short OCBC as news on UE sale may be out in March. Thanks for discussing OCBC, the OCBC thread is not very active. earlybird14      ( Date: 04-Mar-2017 23:44) Posted: Frankly speaking. This is a level to create short sell position at around 9.6-9.7 and cut loss at 9.8 and expect to end this short at around 9.2-9.3. I won't ask you to run now since it is still at range bound between 9.4-9.6+. As mentioned just now, when range bounce will be end? When 2-3 days price still below mid level 9.4-9.6+, 9.55, especially a green market, you will see profit taking from long and shortselling to bring price down. Also possible if price go up and break 9.8, then you will be in profit since those shortselling will cut loss and chase the price up. But for time being, if I shorted at 9.6-9.7 level, I will hold on my short so long as I don't see price higher than 9.55. If more than 9.55, I may reduce short holding and cut all at 9.7
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TechnicalTrader Master	05-Mar-2017 00:17        TechnicalTrader About Contact  Quote this Post! Style: Technical   Mood: Yells: "Traders perform TA using TI. Success rely on Technique used"
x 0   x 0  Alert Admin	Comparing the three local banks with say maybank Bank                   Current P/E             Future P/E           Book to Price Ratio OCBC                 11.5                         9.99                       1.07 DBS                     11.29                       9.55                       1.08 UOB                     11.6                         10.31                     1.052 MayBank             12.9                                                     1.33 Drop in OCBC on 14 Feb has made its price on par with the DBS and UOB... So the three banks should more or less hand-in-hand. That actually justify OCBC buy back its share at around this level but not higher... As mentioned before, support around 9.40... The problem now is you are standing on the wire... To me, it is risky...  Actually, couldn' t figure out why the banks pulled back on thursday... otherwise you will be safed by now... Technically, if any of these few days ahead, if it can close above 9.53 then it is quite safe for a rebounce..  Me too is also learning.... so no guarantee... Just giving you my analysis..
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EmmGru Veteran	04-Mar-2017 23:58        EmmGru About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am holding on a paper loss for OCBC too. Just wondering would it be risky to short OCBC as news on UE sale may be out in March. Thanks for discussing OCBC, the OCBC thread is not very active. earlybird14      ( Date: 04-Mar-2017 23:44) Posted: Frankly speaking. This is a level to create short sell position at around 9.6-9.7 and cut loss at 9.8 and expect to end this short at around 9.2-9.3. I won't ask you to run now since it is still at range bound between 9.4-9.6+. As mentioned just now, when range bounce will be end? When 2-3 days price still below mid level 9.4-9.6+, 9.55, especially a green market, you will see profit taking from long and shortselling to bring price down. Also possible if price go up and break 9.8, then you will be in profit since those shortselling will cut loss and chase the price up. But for time being, if I shorted at 9.6-9.7 level, I will hold on my short so long as I don't see price higher than 9.55. If more than 9.55, I may reduce short holding and cut all at 9.7. davidoch      ( Date: 04-Mar-2017 23:24) Posted: TT, I was inexperience went in at wrong price on Thursday @ now Ave 9.6023 w 18.7 lot ,I keep trying to reduce my stop to prevent it sold off to protect my fund, I want to judge whether it will chit my stop @9.37 if so I will have $4.5k loss. Otherwise if going up I will add more to Ave down to realised profit asap
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earlybird14 Supreme	04-Mar-2017 23:44        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Frankly speaking. This is a level to create short sell position at around 9.6-9.7 and cut loss at 9.8 and expect to end this short at around 9.2-9.3. I won't ask you to run now since it is still at range bound between 9.4-9.6+. As mentioned just now, when range bounce will be end? When 2-3 days price still below mid level 9.4-9.6+, 9.55, especially a green market, you will see profit taking from long and shortselling to bring price down. Also possible if price go up and break 9.8, then you will be in profit since those shortselling will cut loss and chase the price up. But for time being, if I shorted at 9.6-9.7 level, I will hold on my short so long as I don't see price higher than 9.55. If more than 9.55, I may reduce short holding and cut all at 9.7. davidoch      ( Date: 04-Mar-2017 23:24) Posted: TT, I was inexperience went in at wrong price on Thursday @ now Ave 9.6023 w 18.7 lot ,I keep trying to reduce my stop to prevent it sold off to protect my fund, I want to judge whether it will chit my stop @9.37 if so I will have $4.5k loss. Otherwise if going up I will add more to Ave down to realised profit asap TechnicalTrader      ( Date: 04-Mar-2017 22:59) Posted: maybe you could share with us at what price did you go in and what is your intention? short/medium/long?
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earlybird14 Supreme	04-Mar-2017 23:27        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Just check glp dividend last year. 6 cents, 2.2-2.4%.😁 😁 😁 no enough for cpf payment. Better sell lah. Don't know how much money they spend to build glp that time. earlybird14      ( Date: 04-Mar-2017 23:21) Posted: Gic spent billion to buy a building in New York Manhattan. I think the rental income shall be more than 4% annual, more than what glp can produce. Here try to sell 3.6-4bil usd glp which own so many warehouses but there they spend bil for an office building. So what is the actual value of glp? Only gic funds team can know what they are doing. earlybird14      ( Date: 04-Mar-2017 23:13) Posted: Gic sold huge stack at around 2.6 in 2013 to public. So we can know this is the bottom level gic will sell. Although market say how good glp are, but I don't see their earning improve a lot, earning I refer more toward the gross profit rather than their 1 time gain profit from property purchase. Since for gic how much assets gain is meaningless, as a sovereign fund, dividend income annually still the main focus( have to pay back to cpf) So I think gic is eager to sell. Last week, gic gonna dump, then, I know about time to conclude the deal. So you just observe next few days what price will go, till price go stagnant, then you just plus another 6-10% on it, this will be the final offer price. Insiders all know what price they are dealing with, so they will allow some buffer on below in case the deal cannot go through. If the deal fails, ho Ho better sell fast fast
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davidoch Senior	04-Mar-2017 23:24        davidoch About Contact  Quote this Post!
x 0   x 0  Alert Admin	TT, I was inexperience went in at wrong price on Thursday @ now Ave 9.6023 w 18.7 lot ,I keep trying to reduce my stop to prevent it sold off to protect my fund, I want to judge whether it will chit my stop @9.37 if so I will have $4.5k loss. Otherwise if going up I will add more to Ave down to realised profit asap TechnicalTrader      ( Date: 04-Mar-2017 22:59) Posted: maybe you could share with us at what price did you go in and what is your intention? short/medium/long?  davidoch      ( Date: 04-Mar-2017 22:32) Posted: OCBC- CD on 22 May @18Cents
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earlybird14 Supreme	04-Mar-2017 23:21        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Gic spent billion to buy a building in New York Manhattan. I think the rental income shall be more than 4% annual, more than what glp can produce. Here try to sell 3.6-4bil usd glp which own so many warehouses but there they spend bil for an office building. So what is the actual value of glp? Only gic funds team can know what they are doing. earlybird14      ( Date: 04-Mar-2017 23:13) Posted: Gic sold huge stack at around 2.6 in 2013 to public. So we can know this is the bottom level gic will sell. Although market say how good glp are, but I don't see their earning improve a lot, earning I refer more toward the gross profit rather than their 1 time gain profit from property purchase. Since for gic how much assets gain is meaningless, as a sovereign fund, dividend income annually still the main focus( have to pay back to cpf) So I think gic is eager to sell. Last week, gic gonna dump, then, I know about time to conclude the deal. So you just observe next few days what price will go, till price go stagnant, then you just plus another 6-10% on it, this will be the final offer price. Insiders all know what price they are dealing with, so they will allow some buffer on below in case the deal cannot go through. If the deal fails, ho Ho better sell fast fast. ehclim      ( Date: 04-Mar-2017 22:16) Posted: Btw, what is your opinion on GLP on privatisation. When do you think it will be crystalized?
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earlybird14 Supreme	04-Mar-2017 23:13        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Gic sold huge stack at around 2.6 in 2013 to public. So we can know this is the bottom level gic will sell. Although market say how good glp are, but I don't see their earning improve a lot, earning I refer more toward the gross profit rather than their 1 time gain profit from property purchase. Since for gic how much assets gain is meaningless, as a sovereign fund, dividend income annually still the main focus( have to pay back to cpf) So I think gic is eager to sell. Last week, gic gonna dump, then, I know about time to conclude the deal. So you just observe next few days what price will go, till price go stagnant, then you just plus another 6-10% on it, this will be the final offer price. Insiders all know what price they are dealing with, so they will allow some buffer on below in case the deal cannot go through. If the deal fails, ho Ho better sell fast fast. ehclim      ( Date: 04-Mar-2017 22:16) Posted: Btw, what is your opinion on GLP on privatisation. When do you think it will be crystalized? ehclim      ( Date: 04-Mar-2017 22:13) Posted: Hi EB, it is good to setup this thread to avoid those narrow minded people who only wish to hear good things and attacked you for being objective.
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earlybird14 Supreme	04-Mar-2017 23:01        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	😂 😂 😂 then just abandon the thread Loh. I don't lose anything. My purpose is sharing. Instead who think my posts are worth for reference, they can just go to see my post history by clicking my account. TechnicalTrader      ( Date: 04-Mar-2017 22:55) Posted: Ha Ha, you don' t mention about them already lah... after they all come and start the argument here... All go back to square one... earlybird14      ( Date: 04-Mar-2017 22:53) Posted: Again typical case in sgx in last 2 year? Noble again😁 😁 😁 now you know why I was confident noble would issue right that time and slap all those jokers who argue with me year big big that time after proper studying the situation. TA FA at the end still experience to know how in market
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TechnicalTrader Master	04-Mar-2017 22:59        TechnicalTrader About Contact  Quote this Post! Style: Technical   Mood: Yells: "Traders perform TA using TI. Success rely on Technique used"
x 0   x 0  Alert Admin	maybe you could share with us at what price did you go in and what is your intention? short/medium/long?  davidoch      ( Date: 04-Mar-2017 22:32) Posted: OCBC- CD on 22 May @18Cents
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TechnicalTrader Master	04-Mar-2017 22:55        TechnicalTrader About Contact  Quote this Post! Style: Technical   Mood: Yells: "Traders perform TA using TI. Success rely on Technique used"
x 0   x 0  Alert Admin	Ha Ha, you don' t mention about them already lah... after they all come and start the argument here... All go back to square one... earlybird14      ( Date: 04-Mar-2017 22:53) Posted: Again typical case in sgx in last 2 year? Noble again😁 😁 😁 now you know why I was confident noble would issue right that time and slap all those jokers who argue with me year big big that time after proper studying the situation. TA FA at the end still experience to know how in market. earlybird14      ( Date: 04-Mar-2017 22:50) Posted: 😁 😁 😁 you will be surprised how many of company management fail in value their own company. At the end, all their money are wasted on share buy back and weaken their cash position for them to navigate the bad period. I see enough how bbs or funds bring down a fundamental weak company through luring company to launch massive share buy back till the company cash at low, then market move into bear market( we know market is cyclic, in 1-2 years you sure encounter a bear run), then bbs and fund shortselling the shares to further later, because of company low in cash in bear market and force to issue new shares to public. Bbs and funds cover short from there. I always stress shortselling are worked on the basis of got buyers buy from you at higher level, then they bring it down and force you to sell at lower level. It is a game to fight who has more money to play with the game. Why apples share price never fall in past decade? Because jobs Steve didn't give dividend. So who dare to touch a company fundamentally strong with a lot cash
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TechnicalTrader Master	04-Mar-2017 22:53        TechnicalTrader About Contact  Quote this Post! Style: Technical   Mood: Yells: "Traders perform TA using TI. Success rely on Technique used"
x 0   x 0  Alert Admin	For noble' s case, it was the management to be blamed (Oop! hope no supporters around). They were totally loss and panic (I suppose). Buying back shares when your company is in junk condition and they themselves know that it will take years to recover. Share-holders should blame their management instead of supporting them...  For your information, AirBus is also buying back their share aggressively in 2016 and 2014. So buying back of share is good to the company in general...  But not for the case of Noble.     earlybird14      ( Date: 04-Mar-2017 22:33) Posted: Noble was another case failed in share buy back when defending IB attack. Should be more than hundred million? Pump into market, couldn't help share price falling. Sarcastic was they beg for 750mio from shareholders at 11, 1 year later. So you can see how market can swallow the cash easily. Instead of interfere market with share buy back. Company management should do their job to manage company well and accept the flip flop nature of the market for bull and bear run. If company do well, price down in bear run, let it be, market will return your value in next bull run. Since the money spend in share buy back will never be more than bbs or market hot money flowing especially bbs or traders are trade with margin cfd which easily can absorb the buy back amount. earlybird14      ( Date: 04-Mar-2017 22:25) Posted: bluechips liquidity is huge. Share buy back involved from company herself won't have much impact on share price movement, may be retailers may gain confidence but definitely not bbs and Traders who know how to value the company and spot on overall market performance, price will go up, it will go up, once it come down no matter how much money company throw into market will be meaningless. I don't know if you have joined the market 2 years ago. Global logistic properties launched huge share buy back at around 2.6-3 dollars at peak 2 years ago. Then market start to come down and GLP involved in U.S. Warehouse purchase and market worry or some might think the price was overvalued. Then we know what happen after share buy back, price sink all the way to 1.6 from peak. I don't know if I remember wrongly or not, they did buy back share during the falling but never able to stop the falling. So this is the message I try to deliver, share buy back should not be a confidence level to anyone to think this is a level will not be lower to. Market still swing to direction it should go
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earlybird14 Supreme	04-Mar-2017 22:53        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Again typical case in sgx in last 2 year? Noble again😁 😁 😁 now you know why I was confident noble would issue right that time and slap all those jokers who argue with me year big big that time after proper studying the situation. TA FA at the end still experience to know how in market. earlybird14      ( Date: 04-Mar-2017 22:50) Posted: 😁 😁 😁 you will be surprised how many of company management fail in value their own company. At the end, all their money are wasted on share buy back and weaken their cash position for them to navigate the bad period. I see enough how bbs or funds bring down a fundamental weak company through luring company to launch massive share buy back till the company cash at low, then market move into bear market( we know market is cyclic, in 1-2 years you sure encounter a bear run), then bbs and fund shortselling the shares to further later, because of company low in cash in bear market and force to issue new shares to public. Bbs and funds cover short from there. I always stress shortselling are worked on the basis of got buyers buy from you at higher level, then they bring it down and force you to sell at lower level. It is a game to fight who has more money to play with the game. Why apples share price never fall in past decade? Because jobs Steve didn't give dividend. So who dare to touch a company fundamentally strong with a lot cash? TechnicalTrader      ( Date: 04-Mar-2017 22:30) Posted: buying back of share is only symbolic and to calm the market...  Obviously and certainly, the company herself knows how much the share worth, not the BBs and Traders... so the BBs wanting to push the price down have to think twice or thrice..
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earlybird14 Supreme	04-Mar-2017 22:50        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	😁 😁 😁 you will be surprised how many of company management fail in value their own company. At the end, all their money are wasted on share buy back and weaken their cash position for them to navigate the bad period. I see enough how bbs or funds bring down a fundamental weak company through luring company to launch massive share buy back till the company cash at low, then market move into bear market( we know market is cyclic, in 1-2 years you sure encounter a bear run), then bbs and fund shortselling the shares to further later, because of company low in cash in bear market and force to issue new shares to public. Bbs and funds cover short from there. I always stress shortselling are worked on the basis of got buyers buy from you at higher level, then they bring it down and force you to sell at lower level. It is a game to fight who has more money to play with the game. Why apples share price never fall in past decade? Because jobs Steve didn't give dividend. So who dare to touch a company fundamentally strong with a lot cash? TechnicalTrader      ( Date: 04-Mar-2017 22:30) Posted: buying back of share is only symbolic and to calm the market...  Obviously and certainly, the company herself knows how much the share worth, not the BBs and Traders... so the BBs wanting to push the price down have to think twice or thrice.. earlybird14      ( Date: 04-Mar-2017 22:25) Posted: bluechips liquidity is huge. Share buy back involved from company herself won't have much impact on share price movement, may be retailers may gain confidence but definitely not bbs and Traders who know how to value the company and spot on overall market performance, price will go up, it will go up, once it come down no matter how much money company throw into market will be meaningless. I don't know if you have joined the market 2 years ago. Global logistic properties launched huge share buy back at around 2.6-3 dollars at peak 2 years ago. Then market start to come down and GLP involved in U.S. Warehouse purchase and market worry or some might think the price was overvalued. Then we know what happen after share buy back, price sink all the way to 1.6 from peak. I don't know if I remember wrongly or not, they did buy back share during the falling but never able to stop the falling. So this is the message I try to deliver, share buy back should not be a confidence level to anyone to think this is a level will not be lower to. Market still swing to direction it should go
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earlybird14 Supreme	04-Mar-2017 22:36        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	TEchnical analysis shall work on the basis of fundamental analysis. Since I really have no ideal Ocbc fundamental so I can't provide a full picture of better valuation of Ocbc. I can just give you what chart tell me and provide you current TA. davidoch      ( Date: 04-Mar-2017 22:32) Posted: OCBC- CD on 22 May @18Cents
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