Seatrium Ltd    Last:2.05    -0.04

Seatrium - Sea of Hopes & Atrium of Surprises (II)

Yeah wait a little to confirm. Else you'll end up having to flip back again. There is a re-rating of this stock.

Check first the effects of this before plunging in.

 

my prata signal is quite sensitive but also relies on intuition ... it tells me to sell now ... institutional shorts are slower than mine because they need to wait for confirmation 

BinderyT      ( Date: 03-Sep-2024 18:41) Posted: why so early?   I thought u said downtrend starts at 160? 2egg4kosong      ( Date: 03-Sep-2024 18:00) Posted: Short term downward trend started ... very lucky to have unloaded cash position to ABN plus added some shorts :)

 

why so early?   I thought u said downtrend starts at 160?

2egg4kosong      ( Date: 03-Sep-2024 18:00) Posted: Short term downward trend started ... very lucky to have unloaded cash position to ABN plus added some shorts :)

 

Short term downward trend started ... very lucky to have unloaded cash position to ABN plus added some shorts :)
 

 

We fight tooth and nail over a single cent.

Not worth it.

157 is was. Buyers advantage.

 

10min left.   It will auction either 157 or 158.   I think most likely 158.

 

The syndicates can afford to keep it open for long time.   Actual maintenance cost is affordable ... its the margin requirement that is painful.   So only small time retail short sellers get fried.

MrBear12      ( Date: 03-Sep-2024 15:40) Posted: Can' t believe short sellers kept their positions for a month. No wonder they are called the garang shortsellers! Tob231      ( Date: 03-Sep-2024 15:34) Posted: Several analysts and brokers attributed the sharp pickup to short covering, as traders who had shorted the stock bought back the shares to close out their positions. The counter saw a sharp selldown just after it announced its first half-year results on Aug 2. The uptick also comes as the company started its share buyback programme over the past few days. Earlier in 2024, the company obtained shareholder approval to buy back $100 million worth of shares. The company last week bought back some $2 million worth of shares at an average price of $1.4833. Mr Thilan Wickramasinghe, research head at Maybank Securities, also reckons some institutional funds have been slowly getting into the stock, which some market experts think is more than 40 per cent undervalued based on discounted cash flows, and is still trading over 45 per cent below estimated fair value of $2.88.   UOB Kay Hian on Sept 3 added Seatrium to its Alpha Picks list of stocks which will likely outperform the market this month. Noting strong order books and steady project completions, the investment house maintained its &ldquo buy&rdquo call on the stock, with a six- to 12-month target price at $2.31 based on a price-book multiple of 1.15 times.

 

Predict??? chart expert??? no such thing. Only  Warren Buffett and his company can use their money to draw whatever chart they want.

market (big players, funds, banks and etc) decide the direction. minor investor like us, can only manage own risk to buy at support level and hope for the best. 

Conspiracy? Manipulation? we knew it happen daily in our life. We choose to play in this casino, just follow the rules (table or under table) and see what we can do to survive or earn money from this toughest casino.

freestyle123      ( Date: 03-Sep-2024 15:59) Posted: 1hr trading chart. Not for supporting chart or technical analysis is working.but it always give some clues for active traded stock or index. Simple bolinger band, MACD and RSI chart to show price enter to critical level with overbought position (RSI at red zone), selling kick in to digest overbought till MACD turn red, enter to MACD negative zone. Then slowly turn green as a sign of price support and buying kick in to turn MACD to green, once cross the positve MACD, a break up will happen.  today we are at overbought at 1.6(RSI red again), again selling kick in.  So long as the cylcle of overbought, selling, support( at higher level compared to previous one), break up, overbought....... can happen repeatedly and price are moving continually, you should hold on your position throughout the game play. What short selling report, just for reference, today shortsell, tomorrow can cover back. not really meaningful. freestyle123      ( Date: 03-Sep-2024 15:43) Posted:

 

1hr trading chart. Not for supporting chart or technical analysis is working.but it always give some clues for active traded stock or index.

Simple bolinger band, MACD and RSI chart to show price enter to critical level with overbought position (RSI at red zone), selling kick in to digest overbought till MACD turn red, enter to MACD negative zone. Then slowly turn green as a sign of price support and buying kick in to turn MACD to green, once cross the positve MACD, a break up will happen. 

today we are at overbought at 1.6(RSI red again), again selling kick in. 

So long as the cylcle of overbought, selling, support( at higher level compared to previous one), break up, overbought....... can happen repeatedly and price are moving continually, you should hold on your position throughout the game play.

What short selling report, just for reference, today shortsell, tomorrow can cover back. not really meaningful.

freestyle123      ( Date: 03-Sep-2024 15:43) Posted:

 

 

Can' t believe short sellers kept their positions for a month.
No wonder they are called the garang shortsellers!

Tob231      ( Date: 03-Sep-2024 15:34) Posted: Several analysts and brokers attributed the sharp pickup to short covering, as traders who had shorted the stock bought back the shares to close out their positions. The counter saw a sharp selldown just after it announced its first half-year results on Aug 2. The uptick also comes as the company started its share buyback programme over the past few days. Earlier in 2024, the company obtained shareholder approval to buy back $100 million worth of shares. The company last week bought back some $2 million worth of shares at an average price of $1.4833. Mr Thilan Wickramasinghe, research head at Maybank Securities, also reckons some institutional funds have been slowly getting into the stock, which some market experts think is more than 40 per cent undervalued based on discounted cash flows, and is still trading over 45 per cent below estimated fair value of $2.88.   UOB Kay Hian on Sept 3 added Seatrium to its Alpha Picks list of stocks which will likely outperform the market this month. Noting strong order books and steady project completions, the investment house maintained its &ldquo buy&rdquo call on the stock, with a six- to 12-month target price at $2.31 based on a price-book multiple of 1.15 times.

 

probably just the start of things to come. Collected some before the next wave 
wave after wave 

eugesun      ( Date: 03-Sep-2024 15:11) Posted: Also good, just buy more cheap shares...so far volume does not justify the uptrend.. luckyboy22      ( Date: 03-Sep-2024 15:05) Posted: Shortists still trying to hammer the price down

 

probably just the start of things to come. Collected some before the next wave 
wave after wave 

eugesun      ( Date: 03-Sep-2024 15:11) Posted: Also good, just buy more cheap shares...so far volume does not justify the uptrend.. luckyboy22      ( Date: 03-Sep-2024 15:05) Posted: Shortists still trying to hammer the price down

 

Several analysts and brokers attributed the sharp pickup to short covering, as traders who had shorted the stock bought back the shares to close out their positions. The counter saw a sharp selldown just after it announced its first half-year results on Aug 2.

The uptick also comes as the company started its share buyback programme over the past few days. Earlier in 2024, the company obtained shareholder approval to buy back $100 million worth of shares. The company last week bought back some $2 million worth of shares at an average price of $1.4833.

Mr Thilan Wickramasinghe, research head at Maybank Securities, also reckons some institutional funds have been slowly getting into the stock, which some market experts think is more than 40 per cent undervalued based on discounted cash flows, and is still trading over 45 per cent below estimated fair value of $2.88.

UOB Kay Hian on Sept 3 added Seatrium to its Alpha Picks list of stocks which will likely outperform the market this month. Noting strong order books and steady project completions, the investment house maintained its &ldquo buy&rdquo call on the stock, with a six- to 12-month target price at $2.31 based on a price-book multiple of 1.15 times.

 

https://www.straitstimes.com/business/seatrium-shares-surge-on-re-rating-short-covering-and-share-buybacks

SINGAPORE - Shares of offshore marine engineering company Seatrium have risen sharply in recent days from a combination of short covering, institutional buying and share buybacks.

The counter surged to an intraday high of $1.61 around 10am on Sept 3. At the midday break, it was up 1.3 per cent at $1.57 with a heavy 27.5 million shares changing hands.

The stock closed at $1.45 on Aug 29, before climbing 2 per cent on Aug 30 and 4.7 per cent on Sept 2. Based on its midday trading price on Sept 3, it has risen more than 8 per cent in just three trading sessions.

 

knock on critical level. 

that' s why need to buy at 1.41. 

Or else, what you should do if see this chart? LOL......

Trade with care. 

freestyle123      ( Date: 03-Sep-2024 15:11) Posted:

 

 

Also good, just buy more cheap shares...so far volume does not justify the uptrend..

luckyboy22      ( Date: 03-Sep-2024 15:05) Posted: Shortists still trying to hammer the price down  Tob231      ( Date: 03-Sep-2024 14:47) Posted: wow ... everyone so bullish.  shortists' position is still high, need time to unwind let' s see if can cross 1.65 .... need a very very big hand

 

Shortists still trying to hammer the price down 

Tob231      ( Date: 03-Sep-2024 14:47) Posted: wow ... everyone so bullish.  shortists' position is still high, need time to unwind let' s see if can cross 1.65 .... need a very very big hand

 

wow ... everyone so bullish. 
shortists' position is still high, need time to unwind
let' s see if can cross 1.65 .... need a very very big hand