Blog/Website:tcl @ tradeSignum
tcl is a member since 11-Apr-2007.
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[SCOMI] 1.30 Support?

Seemed to be stabling at 1.30. Time to go in? Or what other indicators shall I look for?
9-Feb-2008 2:30 AM

[MAYBULK] TA readings

It did break back into Bollinger, and I went in at 3.66, but it didn't hold up. Looks like going down further. Anyone care to share what other readings that could foretold the continued fall? MACD?
1-Feb-2008 2:44 AM

[MRCB] Buy Signals?

Anyone can share their thoughts on this share's buy signals? I rely on Bollinger to be broken back into mostly; but this stock, at times it broke the WMA and SMA, still doesn't tell any buying signs and then shoot up strongly.
1-Feb-2008 2:36 AM

[MAYBULK] Fouled Mouth

I respect your right to express; but bear in mind, whatever you said is a reflection of you as a human being. I leave it to the readers to judge what you wrote; I'm only interested to share with others my strategy to make good money. Read on if you like but be considerate of other readers' time in reading meaningless comments.

Today's The Star has reported my findings below on the BDI report. There is a good analyst out there with the pen name stocktube. Readers who are interested can Google his site and is high quality writings and presentation with graphs and charts.

I append herewith the said The Star article for readers' pleasure:

Shipping costs head south


PETALING JAYA: The sharp plunge in the cost of shipping raw materials has reinforced the view that the world is heading for a major slowdown.

The Baltic Dry Index (BDI), which measures global freight rates for commodities, mostly iron ore, coal, and soft grains such as soybean and sugar, was down 42% at its last reading of 6,437 points on Tuesday from a peak of 11,039 on Nov 13.

The share prices of local dry bulk shipping companies have also collapsed in tandem with the rate fall.

Malaysian Bulk Carriers Bhd's (Maybulk) share price has plunged some 34% over the past three months, while smaller rival Hubline Bhd lost nearly half of its market value during the same period.

This is far worse than the 10.7% drop in the KL Composite Index from its recent peak.

“As dry bulk stocks have historically moved in line with the momentum of the BDI, an accurate prediction of the direction of the index will be the key to profitable investment,'' CIMB Investment Bank said in a recent report.

Many economists consider the key sea freight gauge a good indicator before official government data is released.

Basically, if demand for raw materials from industries falters, shipping rates go down and the index tumbles.

Some analysts, however, argued that after having surged beyond market expectation last year, the BDI had doubled in value and that a correction would be equally severe.

“Even at current levels, shipping rates are excellent compared with the historical average,'' OSK Investment Bank said in a report earlier this week.

Another reason for the sharp drop in rates could be the protracted negotiations between importers in China and Japan and mining companies in Australia and Brazil on the supply of iron ore and coal.

Together, iron ore and coal account for more than 50% of dry bulk trade, and changes in the volume of sea borne trade in these two commodities have an enormous impact on the sector.

“With buyers and sellers in a deadlock, the demand for dry bulk shipping has slumped,” said OSK.

Both OSK Investment Bank and CIMB Investment Bank expect rates to recover, latest by the second half of this year, once negotiations between the parties involved are concluded.

It is worth noting that the key sea freight index has somewhat stabilised over the past two days.

While it's too early to say whether the worst is over for shippers like Maybulk and Hubline, the recent sharp price declines have brought valuations of the two companies down to more attractive levels.

Maybulk is scheduled to announce its full year performance for 2007 next month and some analysts expect the company to declare a bumper dividend on anticipation of a sterling set of results.

Hubline's fleet expansion programme last year should also have a positive impact on earnings, going forward, if shipping rates remain favourable.
24-Jan-2008 12:27 PM

[MAYBULK] Caution...Lust

Hope no one actually bought at 4.50 coz it tanked, and tanked further closed at 3.74 today! So where's the support? Your guess is as good as mine. I'd rather trade on trend than to forecast specific entry/exit points. Again, my view on crawling back into Boll stays. The Baltic Dry Index has been falling like a rock since last Nov, whereby Maybulk price also falls. Conclusion? Watch BDI for time being until it goes up, Maybulk is berthed here.
21-Jan-2008 6:14 PM

[MAYBULK] 4.50

Dude, I wrote "when it turned north back into Bollinger", it is a strong buy sign. You can live with your 4.50 support for all you like as I didn't make that assumption. For the more discerning ones, counter still not broke Bollinger yet. There's been a continuous sell down for the past 4/5 days.
19-Dec-2007 2:34 PM

[MAYBULK] Marked to buy

This is one hell of a counter that I was too arrogant to buy when it was cheap. It was at 3.50-3.70 sort before it announced the 1 for 5 bonus. By the time it announced, it was doing 4plus. Even after it was announced, it still stayed up there, excluding the dividend it paid out like 10c or 5c. So I've been kicking myself in the ass for acting so insensibly. But it seemed some major holders are selling it down, below both the WMA and SMA, approaching the Bollinger. Let's see when it breaks 4.50 and what happens thereafter. It it turned north n shot thru Bollinger, could be a buy sign; otherwise, well, let's see.
13-Dec-2007 12:54 PM

[BJTOTO] RSI broke 70

Looks like someone is buying it up. It broke RSI 70, and has closed 3 days up. It's now doing 5.30. Anyone heard any news, apart from the related company BLand is venturing into Vietnam etc?
13-Dec-2007 12:35 PM


After paper losing my portfolio average 30%, this is 1 that's showing some hope. Bollinger is broken, RSI trending upwards. Closed @ 06/12/07 @ 5.15, going to sell once RSI hit the 70s. Anyone got any news/rumours on the stock run up? Maybe can hold back for a little longer if the story holds water.
7-Dec-2007 12:10 AM


It's been having quite a field day lately since the rumor Digi is taking a stake in it for their 3G license. Timecom has been denying it, perhaps bargaining for a higher price, or waiting out another offer. It broke the Bollinger and is all the up so steep almost a vertical climb. Today seemed to catch a breather and starts to come back down a bit. Any advice when to cash out?
26-Jul-2007 8:23 PM
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