| Latest Forum Topics / Pacific Radiance |
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Pacific Radiance Turning Bullish.See Chart.
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victortan
Elite |
19-Nov-2014 01:08
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tonite oil drop again , nw 74,46   tomolo all oil counter will be punish again. I think this one will go for 80c and below, if oil go for 68/70. chances of dwn is more as it is vy bearish, so get out nw and short to hedge yr losses. And this stupxd OPEC meeting will likely come out with nothing cause mkt to sell it furtherr dwn. short to hedge yr losses. like i did, nw i m in profit. short Ezion too. |
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haruta
Elite |
17-Nov-2014 19:50
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Oil & gas are overrated plays. Once black swan event comes all toh like dominoes jin scary. Just like commodities toh that time never recovered much since then. Sad. | ||||
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victortan
Elite |
17-Nov-2014 19:49
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I shorted at 995, hv yet to cover back, this morning almost cover , but later it lau hong i gain confident and also since i m in profit, i bet against it to close flat or dwn., what hv i got to lose? |
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victortan
Elite |
17-Nov-2014 19:43
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Wait till the trend for oil is on the mend and vlear., then we can always get back in. Not wise to follow it go dwn n up, gain nothing. For now, it is vy bearish. Your choice. |
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victortan
Elite |
17-Nov-2014 19:41
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Look at Ezion, so solid also got torpedo, what is this counter? oil px gg to 60$ will make shallow water to mid water rig all under water. I suggest a sell first. |
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WinningStock
Senior |
17-Nov-2014 17:18
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Ah lam mak! win contract, price also drop like this.Seems like no confidence..and will fall further I guess...To BUY or to BYE this stock....
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earlybird14
Supreme |
17-Nov-2014 12:02
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x 0 Alert Admin |
Depend on the contract that signing with the client, if the contract is too loose, cancellation may happen which will be disaster to pacific radiance.
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granto
Master |
17-Nov-2014 08:15
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Good win this with the vessel not delivered yet, a link to an interview with James Pang also. Pacific Radiance secures $140m charter contract:  http://www.seashipnews.com/News/Pacific-Radiance-secures-$140m-charter-contract/3w3c2888.html |
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lifeisgood
Supreme |
15-Nov-2014 22:47
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China basically just wants to provide employment for its workers, profit wise not so critical.
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moron101
Supreme |
15-Nov-2014 12:53
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Short NOL, YJZ, Cosco, NC, Kepl Corp, Semb Mar, etc??
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earlybird14
Supreme |
14-Nov-2014 22:25
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China shipyard basically destroy the marine shipping and offshore vessels 1 by 1 by flooding with vessels and rigs with cheap price and over supply the market. Starting from oil tanker, bulk carrier, moving to offshore support vessel and next are oil rig. | ||||
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earlybird14
Supreme |
14-Nov-2014 22:21
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http://www.offshore-mag.com/topics/device/mobile/t/94610228/offshore-drilling-rig-building-boom-continues.htm?m_n=true
Understanding the latest news and info is critical in making right decision in stock trading. China is no 1 now based on latest order received. No country can fight with china yard in term of new building financing and payment term which are fully supported by china gov to ensure china people working in this industry are employed.
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victortan
Elite |
14-Nov-2014 21:10
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Wow, Singapore is gg dwn too, cos we are the largest rig producer in the world.
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earlybird14
Supreme |
14-Nov-2014 20:25
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If you notice offshore new, hallin offshore was shut down by parent company in US. I just don't see any positive development in the next 1 year. Oil price and interest hike are going to be key topic in next 1 year. Both killing offshore related company.
http://www.oilpubs.com/oso/article.asp?v1=15171 |
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earlybird14
Supreme |
14-Nov-2014 20:18
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Compared to the money he get from IPO, that small amount is nothing. He won't do it again.
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victortan
Elite |
14-Nov-2014 19:54
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But this coy boss is buying the coy share to the tune of millions in the open mkt. Read that in SGX annc.
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victortan
Elite |
14-Nov-2014 19:51
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U shorted this one, I did yesterday, i try not to tok here, becuase ppl think shorting is against them, but i m merely do some short to cover my losses earlier, so far make some money after minus the losses. Actually, we are somewhat hedging, by shorting. If one has loss on the long side.
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earlybird14
Supreme |
14-Nov-2014 17:33
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Good Offshore Vessel Chartering company won' t go for IPO, especially family business. The only reason is to raise cash, for buying new vessel? but mainly for the Company owner to unload their existing assets to cash through IPO and enjoying their life. Don' t ask why the  Major shareholders don' t buy back at cheap. They just predict the  offshore market is going to be worst due to overcapacity  and cash out through IPO and save their raised money from IPO in bank. These company  are just like Reits, buy vessels and rent out the vessels. POSH and Pacific Radiance were just running fast for the last train to offload their asset to public. Good luck to all vested. Interest is going to increase. These companies have to deal with the increasing interest and profit is going to be eaten. These vessels are not property which has basic valued. The depreciation of these assets can go to Zero. The family who has the money in bank can just open another new company and buy the new vessels with latest technonogy and cheapest price when the market is turning up. |
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moron101
Supreme |
14-Nov-2014 17:22
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Oil counters not in play now. Another 20% drop is possible. Power up your shorting. 90 cents likely next week.. Huat liao.. | ||||
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victortan
Elite |
14-Nov-2014 17:20
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and if you knw nothing abt trade, nvr mind, just stay put, and wait for storm to blow over, be not sad, just relax,this counter will not go bankrupt. I believe good day will return for this one. just dont look at the price but rather look at the coy performance, because your price is 10 yrs from now not today..  so long it is making money, even however little, better than losses, like some counters. |
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