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Message |
     peterloh
Member
Username: peterloh
Post Number: 1536
Registered: 03-2003Rating: N/A
Votes: 0
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| | Friday, January 27, 2006 - 10:35 am: |  
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I thought I would start a new thread on OST here as I initially got into OST when the government initially introduced the home grant for first time buyers. This together with the low interest rate which triggered off the building material boom. Since then the housing market has tapered off. OST has been able to increase their supply to the industrial and commercial market.With infrastructure funds coming into the market this has help OST by creating a bigger market.I have sold OST near the top and I have entered OST again in may last year and also trade it short term.I notice OST's SP has moved up significantly on Wednesday and today as I am writing this.
I have promise myself to hold any shares that has gone up in price by at least a year, this one seems to have the making of a future star with consistent and stable earning in a not so desirable steel sector/industry.
On the weekly chart OST histogram seems to be turning upwards again into positive territory.This is one of the shares that I have consistently produced good and reliable result.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 1551
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, February 08, 2006 - 12:15 pm: |
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OST - It looks like OST is giving me opportunity to top up again, considering the recent rise in the SP.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 1557
Registered: 03-2003Rating: N/A
Votes: 0
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| | Thursday, February 09, 2006 - 12:46 am: |
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I picked up a nice amount of OST at $3.45 because I thought it has been oversold.Towards the end of the day I sold them around $3.55 whilst it respected the support level of $3.52 and closed at $3.58.
I haven't sold any of my long term holding. I am looking forward to read their half yearly report. Maybe I will keep this one for the long2 term as I have high expectations for it and it has delivered for me.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 1631
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, March 27, 2006 - 12:36 pm: |
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This is a ride and a half on OST, since the beginning of the First Home Grant by the government.After a period of consolidation, it is on the move again.One thing I like about OST, is its ability to perform in adverse circumstances.In a year when steel prices is not the best, OST has been able to increase its earning.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 1654
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, April 03, 2006 - 05:17 pm: |
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Not bad for a boring steel mill.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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ingot54
Member
Username: ingot54
Post Number: 1274
Registered: 05-2004Rating: N/A
Votes: 0
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| | Monday, April 03, 2006 - 05:36 pm: |
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Peter -
I am interested to learn more of your strategy here. If you see the chart below, did you at any time decide to exit?
If not, can you say whether you ever had second thoughts about the future of OST?
I confess I would not have the courage to ride out such a retracement. And this is particularly true for me because if I were in such a trade, it almost certainly would be with a degree of margin.
I guess this underlines your method of choosing good fundamentals, as having great merit.
Well done on the original selection at the beginning of the housing move.
Keep Smiling
Trading style :CFD's predominantly. Looking for ways to enter CFD trading over long term.
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peterloh
Member
Username: peterloh
Post Number: 1659
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, April 03, 2006 - 05:56 pm: |
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Ivan,
I got out in September 2004 and never managed to get back in till May last year.I get it wrong often by getting out too early, but this one I really got it right from the start and in the middle.If you can find my earlier postings on this thread, you would know I got back in May last year.
I haven't got back on to CPU or AMP either because I want a high percentage return on my trade, and these 2 have got away.I have got back in commodities again and applied 30% of my capital on to resources as I believe it is going to be the growth area for this year and the next, at least.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 1764
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, May 03, 2006 - 10:25 am: |
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OST's double bottom yesterday accompanied by a spinning stop is an indication that the recent retracement has been completed and is likely to move up from here.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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msparks
Member
Username: msparks
Post Number: 486
Registered: 10-2004
Rating: N/A
Votes: 0
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| | Wednesday, May 03, 2006 - 01:06 pm: |
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Or it is a head and shoulder and will revisit the trend line which happens to be the 200 ema
Too much of a good thing can colour your view 
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peterloh
Member
Username: peterloh
Post Number: 1775
Registered: 03-2003Rating: N/A
Votes: 0
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| | Thursday, May 04, 2006 - 10:36 am: |
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msparks,
Hilarius will agree with me that fundamentals drive the share price and not the charts.The charts only show the pattern of the trade and the likely future scenarios.
OST is the leader of a duopoly of long steel products.The company has many advantages like an integrated production line from iron ores to the finished products. The company share price has been compounding at a tremendous rate as evidenced by the share price that it has quadrupled in a period of 5 years.In the coming year it is commencing to sell some of its iron ore which will increased its revenue base.According to OST report, the future is indeed rosy.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 1830
Registered: 03-2003Rating: N/A
Votes: 0
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| | Tuesday, May 23, 2006 - 10:27 pm: |
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I have bought more of OST today as I believe that it has been oversold.Those that got out of OST has not given a thought that OST is having an extra source of revenue in the later part of the year in that it is going to export iron ore from its mine.This will be extra income and add to the bottom line.I also expect OST to declare an increase in dividends. With yearly double digit growth every year OST has turned out to be a trade and a half for me.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 1832
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, May 24, 2006 - 12:35 pm: |
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In the weekly chart OST hits the support line and bounce back immediately. In the daily chart, when OST reaches the lower end of the Bollinger Band on the 5th december, it went on to an old time high.I hope it will do the same this time.It is likely today's closing may signal yesterday's morning sun.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the informat |
