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Earlybird s talk - Sgx stock
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earlybird14
Supreme |
04-Mar-2017 22:33
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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.
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davidoch
Senior |
04-Mar-2017 22:32
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OCBC- CD on 22 May @18Cents |
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davidoch
Senior |
04-Mar-2017 22:30
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Back to OCBC, this si the buy back 
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TechnicalTrader
Master |
04-Mar-2017 22:30
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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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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davidoch
Senior |
04-Mar-2017 22:28
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earlybird14
Supreme |
04-Mar-2017 22:25
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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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TechnicalTrader
Master |
04-Mar-2017 22:24
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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Talking about KepCorp IMO, it does not make sense to me they are buying back their shares. Cash Balance is decreasing Q by Q. Yet they fork out a lot to keep dividend at good level. and now still buying back share unnecessarily even when the price is up and up...  The only deduction I can made is, they will have a big turn-around.. Anybody can give some clue? |
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ehclim
Elite |
04-Mar-2017 22:16
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Btw, what is your opinion on GLP on privatisation. When do you think it will be crystalized?
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ehclim
Elite |
04-Mar-2017 22:13
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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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TechnicalTrader
Master |
04-Mar-2017 22:06
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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Keppel Corp has been buying back their sharing in recent week too. My consideration. Blue Chips do not anyhow buy back their shares from the market if the market price is not below their own' s valuation. It shows that the sold-off was overdone. Furthermore, I don' t think banking will not be good when rate continue to rise.. The purpose of buying back their share is not to push up the price but to support the price. It make more sense this way... daily volume also suggests that funds have not been selling...  recent obvious examples is Hutong.... price performing very well. Another example is Silvelake, when co stopped buying-back their shares, it shows the share is higher than valuation.   
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earlybird14
Supreme |
04-Mar-2017 21:57
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So a effective share buy back shall be at accummulation level (lower level after a peak) rather than distribution level( at peak) since buy ah buy, end up price move down, what you want market to think about this stock?
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earlybird14
Supreme |
04-Mar-2017 21:51
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3150 is a strong resistance level for sti. If you refer Dow index back to back you cN know this level has been sideline for quite a while when Dow up non stop.
i don't know what price Ocbc buy back the share, if buy back was on past 1-2 weeks. This is not a good sign since share price shall be supported by public confidence which include bbs and retailers instead of company herself. The more they spend to buy back but price doesn't go up, it will just give negative impression to market if they shall hold Ocbc at this price once Ocbc stop buying back.
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nohorserun
Master |
04-Mar-2017 21:48
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Good channel . Guess u remembered e suggestion of www.earlybird.com | ||||||||||||||||||||||||||||||||||||||||
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TechnicalTrader
Master |
04-Mar-2017 21:21
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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some bigger traders also suggest sell just after every rate hike if TA gives strong signals.... It means if the bank counters has surged a lot when approaching rate hike, and TA is giving a sell signals. Then suggest to sell just after the hike... This is not my suggestion...  Just for reference.
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SeePehJiaLat
Senior |
04-Mar-2017 21:19
Yells: "Can or not?" |
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This is a good channel for earlybird  . At least you dont go around offending people  . I also will support !!!
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TechnicalTrader
Master |
04-Mar-2017 21:16
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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Suggest go to check US Dow' s banking sector performance every morning before STi market open.. It does give some clue...  If you believe STI is going to reach 3300 (minimum) then just hold on to your blue chips if you are long term... Rotational play on blue chips... Ocbc was hard hit by unfavourable results....but the bank has started almost daily buy-back of shares... This has certaining stopped the down slide of the share and market confidence should be improving day-by-day... Noticed also the big gap down on 14Feb (?) does not come with big volume.... Not many funds are selling.... But it is good opportunity for consolidation...  Technically... it should be about bottom, if share buy-back continue, at most it will hit around 9.40. The longer it drag the better the prospect of botttoming here.  Just my opinion and obseravation.... good luck  
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TechnicalTrader
Master |
04-Mar-2017 20:56
Yells: "Traders perform TA using TI. Success rely on Technique used" |
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Okay man!... Oop! Okay Bird!   Giving you my support... |
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earlybird14
Supreme |
04-Mar-2017 20:35
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Ocbc, Dbs, Uob and STI all are forming same chart pattern hitting Same resistance level. So breaking the level is decisive in Sgx bullish will be continue.
Among 4 of them Ocbc chart is weakest. Poorer result? I don't know since I didn't put too much attention on bank stock.
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earlybird14
Supreme |
04-Mar-2017 20:30
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Bird talk will try to recommend confidence trade which expect a good profit and try to maintain high scoring rate.
Ocbc hit resistance level at 9.78(month resistance at month chart upper bollinger band) now moving down slowly. However at the same time, due to moving down too slow, the support level from week chart are catching up Now at 9.2. Currently price are range bounce sideline mood between 9.4-9.7 with midbollinger line at 9.55. Now 9.5, if price stay 2-3 days below 9.5 to convince price won't bounce back to 9.55 above, price will go down to attack 9.2 shortly. Friday night us market is green. So if Sgx market green on Monday but Ocbc price doesn't go up above 9.55, market will be convinced time to take profit and move down.
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investshare
Supreme |
04-Mar-2017 20:14
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Support! Camp here. | ||||||||||||||||||||||||||||||||||||||||
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. At least you dont go around offending people 
. I also will support !!!