The Trading Floor - October 2017

Discussion in 'The Trading Floor' started by Amator, Sep 30, 2017.


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  1. lexanne

    lexanne Well-Known Member

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    Congrats!
     
  2. angang8

    angang8 Well-Known Member

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    Clear all Suntec @ 1.87... collect 3 bids and Ms Flinstones... hehe... send her back to Fred at 3.20.. collect 3 bid.. shiok
     
  3. plutus2

    plutus2 Well-Known Member

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    Good the morning, new month new beginning.. may we all continue to huat huat
     
  4. lexanne

    lexanne Well-Known Member

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    I'm already squatting at 2.69.
     
  5. sotong11

    sotong11 Well-Known Member

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    morning snipers...

    congrates to eggy collectors @ last friday ...
     
  6. angang8

    angang8 Well-Known Member

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    Good morning ..
     
  7. lexanne

    lexanne Well-Known Member

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    Good morning, snipers!
     
  8. nottibird

    nottibird Moderator

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  9. nottibird

    nottibird Moderator

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    ON lah bro !!! aa1(8).gif


    cheong4.gif
     
  10. angang8

    angang8 Well-Known Member

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    Bro NB ... I will definitely sell when there is a spike... I kena played out many times ler. Friday I sent 60 commandos to raid Suntec at 1.855... she closed at 1.865 ... I m already in the money. Say she gap up on Monday or even run toward 1.875... i can collect 4 bids.. and that is 1200 eggs minus com and interest charges. To me that is a big eggs for me... got eggies... better just take and forget the longer dvd play or result play first.
     
    Last edited: Oct 1, 2017
  11. nottibird

    nottibird Moderator

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    Ascendas...

    Bro angang and Mei...

    I suddenly recall this from past trading experience. You two try to recall whether what I said is correct.
    Should we see a spike be it to 2.69 or 2.70 or even 2.72, we should take profits first and then wait for another window to reload.
    Becoz I recall on previous occasions...not once not twice but enough of occasions...I didnt take profits when she ran up soon after
    I entered. And why I didnt take profits? Becoz Dividend Play coming. Scared sell leow cannot buy back. And after that regretted
    that decision not to sell becoz she came back down and I went NABEHing away becoz could have taken few thousand profits and
    then re-enter at same or even lower price. And there were occasions those lots which were in the money...very good money in the
    thousands...I didnt take and end up seeing the price came back down and those winning positions became paper loss. Really damn
    NABEH. So................... this time round, if I see a spike.... SELL arrrrr !!!

    What say you two? aa1aa3.gif
     
  12. nottibird

    nottibird Moderator

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    upload_2017-10-1_17-9-24.png


    She has been falling from 3.85 (4 Aug 2017) and is still in search of her bottom. Chart-wise, her chart says there is a resistance-turned-support
    at 3.42. Whether she agrees with her chart is something we are waiting to find out. On Friday she kissed 3.43 and closed at 3.44. All eyes on
    her tomorrow to see if she makes a U-turn or go down to test that support at 3.42. Her dividend goes XD in Apr and Aug each year. So no dividend
    to act as a catalyst for her to recover. In which case since she is not a market leader but a good follower, the broader market must as a whole turn
    and recover before she can end her correction and follow suit.

    Should she break below her resistance-turned-support at 3.42, what next? From her chart for the period from Nov 2016 to Feb 2017, I can see that
    she was range trading/in consolidation at 3.16 to 3.42 before staging that breakout above 3.42. I believe she will find a bottom somewhere within
    that consolidation zone.


    upload_2017-10-1_17-14-36.png
     
  13. nottibird

    nottibird Moderator

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    upload_2017-10-1_16-38-42.png



    Wilmar...

    Chart-wise, she is on a downtrend.

    Her resistance is at around 3.29 which is the ceiling of her downtrend channel.
    And for her to become a GOOD BUY, she will have to break 3.00 to touch around
    2.95 which is where the floor of her downtrend channel is. And if that should happen,
    I dunno if we should just stand aside and watch as it can mean a new thing...OR
    treat that as a great opportunity to buy. Right now, I dont see her breaking 3.00.
    Her Last Low was 3.08. This fellow has a wide following of traders who are willing
    to ride her up and down waves. Plus a monkey who has a pet cat. And cats are
    known to have 9 lives.

    Last week, her price action tells me that the monkey was not in. More like retail bulls
    and bears fighting it out to outwit each other. Daily volume was low. Have a look.

    upload_2017-10-1_16-50-21.png

    As a result, the price whipsawed within a range of 3.15 to 3.25.

    I suppose for this coming week, the starting point is this range. When the price is at
    or near 3.15, we see if selling weakens and bargain hunting surfaces. At the other end
    of the range, when she is at 3.25, we see if buying slows down and selling intensifies.
    If the monkey appears and he is going north, we have seen his power before and know
    his Bawu. Volume will spike. And the price will rise. Intraday pullbacks will be shallow and
    brief. And the intraday price action will show each new spike ending higher than the previous
    spike and each intraday pullback ends at a higher level than the previous pullback. That
    intraday higher high higher low price action, if it is there, will be obvious. And our experience
    with this counter will tell us to go LONG to ride on the monkey. Until then, watch her range and
    also lookout for any shift in the current playing field. Do note that in the week prior to last week,
    hr range was from 3.21 to 3.34.


    upload_2017-10-1_16-59-22.png
     
  14. koaladreaming

    koaladreaming Well-Known Member

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    Hello October.

    Wish everyone has a prosperous month :)
     
  15. angang8

    angang8 Well-Known Member

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  16. nottibird

    nottibird Moderator

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    Okie.
    Wilmar and ST Engrg are the other two I am also waiting for to bottom out.
    Now tired. Went cycling this morn. After that was out. Tomorrow then open shop.
     
  17. angang8

    angang8 Well-Known Member

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    Bro NB.... how about Ms Flinstones?.. put some input leh... I worried Fred is coming home with his clobber.. haha
     
  18. nottibird

    nottibird Moderator

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  19. nottibird

    nottibird Moderator

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    upload_2017-9-30_12-32-32.png
    upload_2017-9-30_12-32-9.png
    upload_2017-9-30_12-31-28.png

    Will this be enough to raise this sinking ship? aa1aa5.gif
    Last Closing price was 28.5 cts.
    I used to trade her many, many years ago when she was above $2.00.
    At that time, Noble and NOL were above $2.00 as well.
    And Rotary, Swiber and Ezra were trading at above $1.00.
     
  20. nottibird

    nottibird Moderator

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    Ascendas...

    Closed at 2.66 on Friday.
    Last High at 2.74. If there is a breakout above the ascending triangle, we will see a New High above 2.74.



    a1.jpg
     
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