Must stay above this 5.00 level or more downside possible. Note that this 5.00 support was broken in Aug last year which saw this counter hit a low of 3.05 in Oct. Might find a new support at 4.50.
BTW, I used to play this Sembmarine stock at $1.20plus a few rounds a short few years ago,
hence a gentle reminded that this Sembmarine used to be at $1.20plus a few short years ago,
hence hope no heart attack for those vested. haha
Ya I also notice in recession/bear market this Sembmarine always fall more steeply than Sembcorp.
 
 
can  buy some sembcorp / keppel corp olso.
Usually sembcorp outrun sembmar. It was like that before the economy crisis.
Div wise ... ... keppel is the best.
For now on  , sembmar utmost task was to at least announce a beat expectation earning quarter !! !!
whencanchange ( Date: 16-Nov-2012 14:08) Posted:
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hey all,
Study the price action below... ....
I didn't  realise that there was another mild gap up at $4.0313 support.
which $4.2214 gap up alredi being filled.
It seems that a real rebounce could start  somehow during  the second gap up.
I think $4.00 is a psyco level... ...
krisluke ( Date: 15-Nov-2012 17:07) Posted:
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Until the Petrobras project start building in Brazil shipyard and Mega Yard is completed.
Due to 2 shipyards are building, the cash on hand is drop from 2 billion to 1 billion.  The cash  will drop further and may affect their dividend distribution in April.
whencanchange ( Date: 16-Nov-2012 14:08) Posted:
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BTW, roughly how long u guys think Sembmarine will take to reach $5?? 1 year or more than 3 years haha? My young broker she said within the next 12 months.
I got holding power. Waiting to buy more
how many lots u bought at $4.35? are u still holding on or u cut loss liao?
I myself bought 3 lots few days ago.
grhu8175 ( Date: 16-Nov-2012 07:47) Posted:
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For value investor this is good ... Cause from FA point of view... Price of oil will just goes up in the long run... And Sembmar will surely benefit with kep corp
4.18 Broke. Maybe will really Hit $4
Sembcorp Marine ($4.40) — Short term oversold
| Written by The Edge |
| Monday, 12 November 2012 23:11 |
|
Short-term stochastics is at the bottom of its range and should be turning up next week (Nov 12 to 16). That could trigger a temporary bounce towards the bottom of the gap at $4.49. In the medium term, though, technicals are negative. As prices broke down below its moving averages at the $4.80 level last month, volume expanded. The breakdown indicates an initial downside of $4.20. Note that quarterly momentum has broken below a support and its equilibrium line.
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I trade this stock a few times, most of it timed correctly other than this time round.
Got at 4.35, but didnt sell at 4.44 cos too greedy :(
  Nevertheless, this stock always bounce back strongly once market stabilizes and will converge towards the price of SembCorp from my observations.
Downside is that it may hit below $4 before if start recovering. 
  Lastly, with oil price expected to start jumping on Isreal's war, maybe orders will increase?? 
Good portfolio. But bank stock always sensitive to economic condition.
And yes, blue chips can weathered a downturn.
neutral ( Date: 15-Nov-2012 01:03) Posted:
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Still holding. I hardly spot the bottom. Can keep for a while ...... heeee
whencanchange ( Date: 15-Nov-2012 01:07) Posted:
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krisluke ( Date: 06-Nov-2012 12:50) Posted:
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Let the shortist make their profit and drive the price down... Then all the true real investor will come and scope this counter at bargain price.. The lowest it's ever goes recently was 2.95.. So let's see how soon it can hit it
I am waiting at 3.50
 
New123 ( Date: 15-Nov-2012 15:13) Posted:
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  more than the two sembs

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