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Old 26-04-2015, 11:32 AM   #31
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anyone here going to short noble?
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Old 26-04-2015, 01:46 PM   #32
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Is it still a good time to short ? Or perhaps, wait for another round of MuddyWater or Iceberg 1st ?
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Old 26-04-2015, 02:31 PM   #33
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52w low i 82 cents.

Closed at 84 cents on Friday.

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Old 26-04-2015, 03:08 PM   #34
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the following are kope-ed from other forums:
I love their creative accounting, creative twists and turns hence I believe they will have a creative solution.
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Old 26-04-2015, 05:28 PM   #35
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I love their creative accounting, creative twists and turns hence I believe they will have a creative solution.
later as creative as enron.
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Old 26-04-2015, 05:55 PM   #36
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later as creative as enron.
hence this stock doesn't seem very stable to vest in
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Old 26-04-2015, 06:00 PM   #37
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Well they keep lying on their accounts the company is a trading company

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Old 26-04-2015, 06:02 PM   #38
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Their business is in trading commodities

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Old 26-04-2015, 07:03 PM   #39
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contradicting bah. like all the senior here said , oil price bounce up , nothing to do with noble. on the other hand , noble heading for all time low this year going through their profile and all the statistic blah blah blah. can step in for the bounce now since the counter is pretty low now but then again....to be frank , not even sure if it's gonna bounce up and for what reason. correct me if i'm wrong yo
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Old 26-04-2015, 07:08 PM   #40
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base on the negative research reports on noble so far... it can be viewed that they are as black a box as enron

http://www.amazon.com/The-Smartest-G.../dp/1591840538

I previously read this book before... can find many similiars with what noble is doing now

but the big question is... will I short it?

the answer is no

why?

1) wait short.. then kanna suspend... I would be lost
2) shorting for singapore market.. too high cost

conclusion

just avoid these kinda companies

there's easier money to be made else where
felix.. for your point 1, if noble is suspended, delisted, or declared bankrupt and you were shorting it...

you should do a happy dance naked in the rain because you can keep all the profits from your short and there is no need to return any shares...

to short sell, you borrow and sell shares you do not own. you dont have to pay anything back if the coy goes bust

for shortists, if a company goes bankrupt, it is the absolute best case scenario.
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Old 26-04-2015, 07:21 PM   #41
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erm.... seriously you ever shorted before?

its very risky actually....if you short noble big big then

it suddenly gets suspended... maybe due to fraud... you can't cover back your position immediately

say it takes 2 years for CAD/CID investigate and resuming of trade... you would have been paying interest all the way while waiting....if it goes into liquidation.. its even more complex.. need go to court process.. takes a few years

even professional shortist like muddy water... they don't short till the company goes bankrupt

they do a short position first, then initiate a bearish research.. it drops 10% or so next day.. they take profit liao.. very short term one

the cost of the interest would rarely, if ever, come even close to your profit if you know what you are doing, unless legal proceedings take decades.

of course, this is notwithstanding the cases whereby a person shorts, for example, a 0.001c company that goes bust the next day.
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Old 26-04-2015, 07:25 PM   #42
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anyway we digressing liao. i think TS want to buy noble not short it haha
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Old 26-04-2015, 08:40 PM   #43
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erm.... seriously you ever shorted before?

its very risky actually....if you short noble big big then

it suddenly gets suspended... maybe due to fraud... you can't cover back your position immediately

say it takes 2 years for CAD/CID investigate and resuming of trade... you would have been paying interest all the way while waiting....if it goes into liquidation.. its even more complex.. need go to court process.. takes a few years

even professional shortist like muddy water... they don't short till the company goes bankrupt

they do a short position first, then initiate a bearish research.. it drops 10% or so next day.. they take profit liao.. very short term one
so thjere is opportunity.
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Old 26-04-2015, 08:41 PM   #44
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hence this stock doesn't seem very stable to vest in
wrong.

a stock can go up, it can go down and it can go sideways.

up of course can vest in.

go sideways, accumulate or divest.

if u certain it goes down, then short.
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Old 26-04-2015, 08:43 PM   #45
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on paper, noble is selling at 10% discount to book

but as a value investor.. i would need more margin of safety..

say 30% or more
PE wise, Noble trading at around 18x 19x.

higher than STI.

discount to book doesnt necessary mean the value will be unlocked. example: Hong Fok
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