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COSCO Shipping International *Official* (SGX: F83)

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Old 15-01-2013, 11:32 AM   #1
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COSCO Shipping International *Official* (SGX: F83)

I have been avoiding shipping counters in the past years because of the weak freight rate and oversupply of vessels. Many great names fall, we have the largest U.S. tanker operator (Overseas Shipholding Group), the Britain's oldest shipping company (Deiulemar Shipping), Indonesia's largest oil and gas shipping group (Berlian Laju Tankers) and many more.

So what make Cosco a different one that worth to mention?

1. It rose from 2.50 to 8.0 within half a year
2. It dropped from 8.0 to 2.50 within 4 months and continue to 80c within the next 8 months
3. we have about 70c the lowest level post lehman's bankruptcy, now it is about a dollar

Seems that it is very volatile, which is good for speculators.

Let's look at the chart:





Triangle breached, 200MA breached with high volume (not shown in chart), touching the 10-years support line and bounced upwards, first target 1.40, next 2.00.

If it makes few dollars higher in the next 3 to 6 months, then it will be another historical move for Cosco.

Loaded a small positions with the intention for speculation only, time frame 1 week to 1 year depending on the stock performance and market sentiment.
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Old 15-01-2013, 11:39 AM   #2
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Good for trading, on FA side, worse than NOL
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Old 15-01-2013, 06:06 PM   #3
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may as well flush your money down the toilet .
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Old 15-01-2013, 06:12 PM   #4
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may as well flush your money down the toilet .
In all trades, entries and exits are planned before execution.

If there is a possible huge rally and limited loss, why not take the risk and go for it?

So in this chart, I would prefer Cosco to be above $3 before I may consider a long.
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Old 15-01-2013, 07:43 PM   #5
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In all trades, entries and exits are planned before execution.

If there is a possible huge rally and limited loss, why not take the risk and go for it?

So in this chart, I would prefer Cosco to be above $3 before I may consider a long.

Then u prefer YZJ to be above what px then u will long?
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Old 15-01-2013, 10:33 PM   #6
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i rather u bet your money on RIMM or NOK in nyse if u love volatility. the volatility in nyse is gao gao, sti cannot compare one.
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Old 15-01-2013, 10:44 PM   #7
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everyone is entitled to their opinion.
as long as proper stop loss and target is set, who dares to say TS is wrong?
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Old 15-01-2013, 11:50 PM   #8
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Then u prefer YZJ to be above what px then u will long?
I find YZJ has more potential than cosco! Up another 20+ cents ok liao!
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Old 16-01-2013, 12:24 AM   #9
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YZJ should perform better than Cosco, though I am holding 20 lots of Cosco.

Beginning of year, paper loss on YZJ was 11k. Now 1.10, loss turned to some realised profit and more paper profit of $8k!!! Will be holding till 1.20 before deciding what to do.
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Old 16-01-2013, 09:20 AM   #10
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may as well flush your money down the toilet .
Are you the one who buy at 8 dollars and sell below 1?
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Old 16-01-2013, 09:27 AM   #11
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i rather u bet your money on RIMM or NOK in nyse if u love volatility. the volatility in nyse is gao gao, sti cannot compare one.
Nowadays I thought peoples onli using samsung and apple? I don't look favour at Nokia's business simply they are using Windows OS. I am also not saying that I like volatility, volatility can means you win/loss quick bucks in quick time. Buying volatile stocks when it is cheap means that you have better chance to win quick bucks then to loss it. Overall I consider myself a safe investor, that's why I am in with small long positions
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Old 16-01-2013, 11:38 PM   #12
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This morning ordered 10 lots yzj at 1.025 and another 10 lots at 1.02 before leaving for JB at 9.15am.

When I came back after dinner, my order fulfilled and all my paper profit all evaporated
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Old 17-01-2013, 08:50 AM   #13
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This morning ordered 10 lots yzj at 1.025 and another 10 lots at 1.02 before leaving for JB at 9.15am.

When I came back after dinner, my order fulfilled and all my paper profit all evaporated
Henry, just curious, how many lots you have? Can say? If not nvm
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Old 17-01-2013, 05:41 PM   #14
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May test the 200M 94c to close the gap, it really doesn't matter if I get into it earlier, so long as I didn't miss the bull run.
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Old 17-01-2013, 08:32 PM   #15
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Nowadays I thought peoples onli using samsung and apple? I don't look favour at Nokia's business simply they are using Windows OS. I am also not saying that I like volatility, volatility can means you win/loss quick bucks in quick time. Buying volatile stocks when it is cheap means that you have better chance to win quick bucks then to loss it. Overall I consider myself a safe investor, that's why I am in with small long positions
you are looking at the present scenario. One doesn't look at the present scenario and buys shares betting on the present. I bet on the future. Maybe bet is an incorrect word to use.
Besides, Singapore is a very very small country. Unfortunately, Nokia/Microsoft marketing probably put little emphasis in Singapore. It is different in US, especially Europe. India and China are potential ones to look at though i won't say u expect a fast change in these 2 emerging markets.

Fyi, after 6 consecutive quarters of losses, Nokia released pre-earnings that it is now breakeven. Currently still considered a 'penny' stock in US terms since it is below 5USD. It makes sense that you buy the stock of a product u love. Hence, it makes sense that you didn't buy Nokia becoz of the OS it is under. But it may not be representative of the views that other people have.

Quite alot of the confirm-win stock gains has been snapped up in Nokia and Rimm. It is now up to those who are willing to take bigger risks to jump onto the ship.
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