The Trading Floor - June 2017

Discussion in 'The Trading Floor' started by nottibird, May 31, 2017.


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  1. nottibird

    nottibird Moderator

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  2. nottibird

    nottibird Moderator

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    The bull is back.

    Run8.gif

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  3. Amator

    Amator Well-Known Member

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    SINGAPORE (June 30): Wilmar International today announced that its wholly owned subsidiary, KOG Investments (KOGI), is entering a joint venture (JV) agreement with Lion Corporation, which is listed in the Tokyo stock exchange, for the manufacture and sale of methyl ester sulfonate (MES).

    The MES is manufactured in Lion’s wholly owned subsidiary, Lion Eco Chemicals, which is used to manufacture consumer products including toothpaste, soap, detergents, cooking-related products and pharmaceuticals.

    Under the JV agreement, KOGI will incorporate an operating company in Indonesia via the JV company established in Singapore. KOGI and Lion will each fund 50% of the company.

    Following the signing of the joint venture contract today, Lion and the Wilmar Group will apply to the competition authorities of multiple countries for permission to establish the joint venture.
     
  4. nottibird

    nottibird Moderator

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    Ascendas REIT...

    The largest shareholder is none other than our Cheng Hu.

    upload_2017-6-30_20-6-40.png
     
  5. nottibird

    nottibird Moderator

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  6. nottibird

    nottibird Moderator

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    Ya. Once numbness is released... I will be able to feel again. And erect. aa1a (15).gif
     
  7. nottibird

    nottibird Moderator

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    Red Umbrella closed at 3.89.
    Yayyy !!! More than 75K of paper losses erased!!!

    I hope you guys have been observing and have learnt the lessons taught by Mr Market for this round of trading.
    The lessons learnt are:

    1. Pick a good stock to LONG.
    2. Pick a good time to LONG.
    3. Know that your timing will not be impeccable and that you will have to continue to add LONGs to average down.
    4. Plan your war campaign well so that you space out your BUYs when averaging down plus you have enough reserve
    ammo to LOON until the stock U-turn for you.
    5. This game is all about OUTWIT OUTLAST and OUTPLAY the market. If you got scared and you cut, you lose. If you cut but you
    have the mental strength to buy back and actually bought back, then you OUTPLAY the market.
    6. Be patient. If you are not, learn to be patient. Acquire this virtue. You need it for successful BUY & HOLD.
    7. Once the stock has turned the corner, you must dare to scale up your position and Ka Ka ADD to capitalize on what the stock can
    do for you. Learn to add. Dare not? Grow balls. Borrow balls. From wife. From girlfriend. From dog or cat also can. Coz having LOONed
    till the stock has turned the corner, the stock is on its way back up. What you add will help to inflate your profits.

    Do remember this lesson coz we will be doing it again and hopefully the next time, you guys will have the confidence to Ka Ka ADD when
    the time to do so comes.
     
  8. nottibird

    nottibird Moderator

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    Ascendas...

    Platoon 12 joined in the fight at closing at 2.61.
     
  9. sotong11

    sotong11 Well-Known Member

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    Bro NB, look like your numbness will be release soon...but tis jab
     
  10. nottibird

    nottibird Moderator

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    Last day of quarter end but didnt see any window dressing today.
     
  11. lexanne

    lexanne Well-Known Member

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    That was what I was thinking of.
     
  12. nottibird

    nottibird Moderator

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    Waaa Piang.... Wilmar TP is $3.09 arrr !!!
    But how come just one Ang Moh report can be so powderful one can cause sellers to come out to dump?
    More like Ang Moh collected SHORTs first.
    Then issued report.
    Then continue to whack down the stock further.
    It will take a few days of reaction for the dust to settle and for this fellow to find her new playing field.
     
  13. lexanne

    lexanne Well-Known Member

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  14. nottibird

    nottibird Moderator

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    SGX...

    Since mid-May, she has been meandering up and down her 20-ema.
    Looking at her current position at 7.33, that is merely 4 cts below her 20-ema which is at 7.37.
    Should let her meander down some more... maybe 7.25 to 7.30 region before LONGing her
    for chicken run.



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  15. nottibird

    nottibird Moderator

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    SGX...

    She is a very good trading stock but she is no leader. Never a leader. Always a follower.
    She follows the sentiments of the broader market up or down.
    Now 7.33 : 7.34.
    LOW at 7.33.
    HIGH at 3.44.
    When sentiments improve, she will firm up again.
    To tikam LONG at 7.33 today or not is my dilemma.

    upload_2017-6-30_16-16-33.png
     
  16. nottibird

    nottibird Moderator

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    The whole day today... whatever intraday bounce all turned out to be Meow Meow Dance.
    Seriously...during early trading today when she was at 3.43 : 3.44, I brought out my Deal Tickets intending
    to LONG her for chicken run. HENG arrr !!! aa1a (9).gif
     
  17. nottibird

    nottibird Moderator

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    Order is filled.
     
  18. nottibird

    nottibird Moderator

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    These people SEOW one har ???




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  19. ahwee

    ahwee Well-Known Member

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    Yup..doesn't look good. Have to buffer previous Longs...
    Added more Areits...
     
  20. nottibird

    nottibird Moderator

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    Wilmar...

    If the announcement...whatever bad news it is... is released after market close today, we will see a gap down on Monday and another long red candle.
    Those of you who are stuck LONG... think of a Plan B to deal with the downside if what I say really happen.
     
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