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| Friday, November 24, 2006 |
| Starhub 10th October 2006 (updated 24th November 2006) |
 As shown in the shaded ovals, I have picked out several lines of resistance/support. One line i took note is the line at $2.30. During this period from $2.16-$2.30, there is a high volume of buyers. $2.30 is a strong support line.
At the moment it has hit $2.20. It might stay at this price for a while but will pick up to $2.30 within this month. Doubt it will hit $2.42 as it is a weak support point.
Status: Bought at $2.20
Target: Sell at $2.30 (ideally before issue of dividends)
************************************Updated 8th November 2006*********************
 Might be the end of low cycle. However, now consolidating at $2.20. Consolidation at low volume might mean most people are waiting. Price might start to rise soon. Primary target still at $2.30.
One sign to note is that there isn't much activity as there is no huge indication of overbought and oversold recently.
Target: $2.30 or watever it is by 25th November
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*********************************November 23rd 2006********************************
Like i mentioned above, I should sett by 25th, which is tomorrow. But looking at the trends, it has been trading sideways for sometime. This might be a wrong judgement for short term. Anyways, its recovering soon, and i will use the stochastic as a basis on concentration of trade. Will monitor tomorrow to see if it hits its the 80%.
Status: Sell
Target: $2.20 or when stochastic hits peak
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***********************************November 24th 2006*****************************
Higher concentration of buyers pushed the price up to a peak of 2.30.
Lessons learnt: ALWAYS ride on the profits. Ride on profits, cut on loss
Status: Sold at $2.26
Missed the peak at $2.30. Sold at current price of $2.26 instead as $2.30 might be an overbought price.
Returns of 4.62% in 46 days. Not a brilliant investment return, but its alright
************************************************************************************Labels: starhub |
posted by Nenix @ 9:28 AM   |
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| 2 Comments: |
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Starhub is probably a bad choice. The business model is not working well. Internet is challenged, handphone is stagnant and TV is not seeing more subscribers especially after World Cup. The entrance of Singtel into PPV will probably make things worse, and Starhub has no real estate to play, unlike Singtel. Be careful about this one.
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I see. I'm still quite raw when it comes to trading. Appreciate the comments though. And you might be right. After the surge to $2.38, it has been corrected again to $2.26- $2.30. It seems like an indication that the value of the stock did not rise after getting hold of the EPL rights.
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Starhub is probably a bad choice. The business model is not working well. Internet is challenged, handphone is stagnant and TV is not seeing more subscribers especially after World Cup. The entrance of Singtel into PPV will probably make things worse, and Starhub has no real estate to play, unlike Singtel. Be careful about this one.