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This stock is for long term holding.
Such short term price fluctuations should be ignored.
Such short term price fluctuations should be ignored.
i thought last week it plunged to lower than current price after the news is out?
Creative_2 ( Date: 28-May-2015 19:07) Posted:
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When the PRC venture actually gets going, the start up and probably other unforeseen costs might actually be a drag on profitability for a while, not to mention that China itself is not doing too well. Then px will come crrashing down.
Creative_2 ( Date: 28-May-2015 19:07) Posted:
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went up too fast last week...even with the China JV news which is not new news.. I have let go of mine 2 days ago..
looking to buy in later at cheaper price..
fortunecat ( Date: 28-May-2015 16:42) Posted:
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did someone win the 1000x prize in sheng shiong show? price drop so much
when u see shoooting star than better run rd....
arts77 ( Date: 21-May-2015 07:47) Posted:
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aredi pump up frm 0.845(tue) to 0.93(wed) n since news out liao so sell.....
heisuke ( Date: 21-May-2015 17:25) Posted:
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sianz back to 0.87
Sigh, i always too late for this good stock... already rocket to exp price from my point of view :)
The plunge is healthy. After this, it will slowly move up, maybe to $1.20 and it will takes months or a year. Sheng Siong is a investment stock, not for trading.
Beside their normal business, they are also into warehousing and moving off to China for their oversea venture.
At 80-90 cents, a worth while investment. This is a good company. Lots of cash in hand, no debts and dividend are constant.
In other " First World" country, this share might be $2 or more.
I have bought shares and I will buy some more if it goes down further.
Here comes the plunge
Take care for those who are still vested. Either north or south direction...
Sheng Siong (SSG SP, OV8)
Technical SELL with 7.7% potential returns
Last price: S$0.90
Target price: S$0.83
Protective stop: S$0.935
SELL with a target price of S$0.83 with stops placed at S$0.935. Although the stock has largely been on the uptrend since 4Q14, in the near term, it has formed a potential shooting star lookalike pattern during the last trading session, which could be a potential reversal day should there be follow though. The 7d RSI appears to have not formed a higher high for now. Should the stock retrace, watch the 30d SMA to see if it could act as support.
Expected timeframe: 2 weeks
Pls read the following link before you guys deem it' s a good/lousy company?
http://www.fool.sg/2015/05/18/is-sheng-siong-group-ltd-good-enough-to-buy-now/
walk around and see for yourselve look at the pay of the 3 brothers and 1 director
a local family owned super market can worth $1.3b! really so valuable?
Shifu8888 ( Date: 21-May-2015 08:17) Posted:
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Good advice! Nothing is cheap nowadays, equities are bubbles, properties are.. Competition is sprouting in every business but I don' t see a problem with the fundamentals. Vested since it was 68 cents. No offence here.
Shifu8888 ( Date: 21-May-2015 08:17) Posted:
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Pls look into the fundamentals. It's a bubble. Things there are no longer cheap like good old days. What's their business model now? Competition is sprouting and I suggest take some profit and wait for it to correct. My pov. All the best.
arts77 ( Date: 21-May-2015 07:47) Posted:
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That's not a shooting star... Zzz..
KiLrOy ( Date: 20-May-2015 22:48) Posted:
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From my last post, it is creeping up to my target price of $1!
Now at $0.895.....
mrwise ( Date: 16-May-2015 07:30) Posted:
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Shooting Starrrrrrrrrrrrr~
Huat1368 ( Date: 20-May-2015 13:43) Posted:
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