Friday, October 21, 2005

Chuan Hup -What next? - Low , low, how low can you go??


Today intraday chart looked bullish at tail end and like it can't go low for long period.

Talking about Chuan Hup, as I predicted there will be a drop after XD of dividend. But not so much. Expecting price to stablise these few days. After which it will rise again when more concrete announcement of the special dividend of 44 cents is announced. This is easily anticipated and expected. What then after XD of the 44 cents. Surely price of good old Chuan Hup cannot be less than 40cents, assuming not much rise from now to collection of special dividend. So the clever trader would have to capitalise on this imbalance of prices in between these periods.- The win and lose ball game is dependant of the TIMING of entry and exit!!!

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