Oceanus

Funds are expecting retail investors to sell cheap so they can buy cheap. We retail investors are no fools, lets wait for 50c. Funds can always buy high and sell low.

Hi AK71, Any update on this stock? Can we have abalone before CNY?

Hi myhyip4me, I wish I could tell you if we could have abalone before CNY. Actually, I don\'t fancy abalone. I only did a TA for this counter once on 7 Jan. At that time, I said: On 30 Dec 2009, after forming a black spinning top with extremely long legs, usually a strong sign of a possible reversal, Oceanus\' price has been sliding down in the last few sessions. The reversal sign was confirmed on 31 Dec 2009 by a sell signal on the MACD. Breaking the 61.8% Fibo line at 41c yesterday and closing below the line today suggest that more downside may follow. Next support level is provided by the 50% Fibo line at 39c which coincides with the rising 20dMA. Rising 50dMA and 100dMA limit further downside at 36c. singaporeanstocksinvestor.blogspot.com/search?q=Oceanus Update: Oceanus has broken the support provided by the rising 20dMA three sessions ago. It reached a low of 39c today. A positive note is the formation of a white spinning top which usually is a promising sign of a possible reversal. Further downside might be limited by the rising 50dMA at 38c and the rising 100dMA at 37c. If these break, there is some way to fall. I have not done a FA on this counter before. So, I cannot comment on the fundamentals. Good luck and I hope you get to have some nice abalone.B)

Since Dow Jones closed some 2.1% on friday night, we expect most of Singapore stocks to be in negative and therefore Oceanus will not be spare. Nevertheless there is a strong support level at 0.39 but if it breaks, you may consider to cut loss first and wait for buy back at 0.345 level. I expect Oceanus stock to rally around 1 week before CNY period as all investors + Oceanus top management wants to enjoy some FREE abalone. CNY is only 3 weeks away and so have patience. If Oceanus does not rally during CNY period, then Oceanus stocks will find hard time for investors to be interested again for a long time.

winstorn wrote:

I expect Oceanus stock to rally around 1 week before CNY period as all investors .[/quote Hi, winstorm , what makes you think oceanus stock will rally during the chinese new year period? Any news or research that can substantiate your viewpoint ? No offence but to find it interesting that people are saying it will rally during CNY session . kindly advise.

Taken opportunity today to average down my holding cost for Oceanus... sg.finance.yahoo.com/q?s=910579.TW&d=t TDR is trading at NT$14.80 which is roughly $0.65. Believe the price is attractive if able to hold for longer term... The re-rating will come when the acquisition come thru or restaurant goes for listing. Anyone know whether we can transfer shares from SGX to TDR for sales there? Regards erelation