OCEANUS GOING TO BREAK THE 0.47 RESISTANCE SOON

Looks like abalone eat us? Oceanus seems to be in downtrend and trading bet 0.34 to 0.36 :ohmy:

News from SGX PROPOSED PROGRAMME FOR THE CONVERSION OF UP TO 150,000,000 EXISTING ORDINARY SHARES OF THE COMPANY INTO TAIWAN DEPOSITORY RECEIPTS TO BE LISTED ON THE TAIWAN STOCK EXCHANGE. Start rocking again! 150 millions shares is about 8%-9% of the shares in the market. This will help even the price between singapore and Taiwan.

are we expecting the counter to surge tomorrow? Winstorn, any comments to share?

I have look at the chart and it seems to be sideways trading. I remember the time when Taiwan side was trading at 0.50( equivalent price) Singapore side was around 0.38 and still going downtrend the next day. Therefore I am not so optimistic on the impact of any additional shares to be traded in Taiwan. Since now that the shipping and oil related stocks are in play, it will be better to ride on the surge in prices now.

stock up 2c and closed at 38.5c today .. read a review that the TP is 0.515 .. hopefully it can go towards the TP

Hohoho.. time to load up on abalone today. If the TDR sales go through smoothly, we may break new highs. :laugh: :laugh: :laugh: