SINOSTAR is rising liao...
lets PRAY....

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powerlim86



Joined: 04 Nov 2007
Posts: 20

Posted: Tue Nov 06, 2007 4:57 pm Post subject:

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rising star. see stars again woo hoo. did i tell you all about my experience at philips security at raffles city tower. i went to pay my contra so i wont have to sell. then when inside, i heard 2 china woman going something like. sinostar and some really weird chinese name, they kept saying they should have bought, that it was so big in shandong and stuff. was darn shocked. i tot chinese people cannot trade in singapore. then why they at philips security? so weird. anyone got an answer?

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happyday



Joined: 20 Apr 2007
Posts: 2621

Posted: Tue Nov 06, 2007 4:59 pm Post subject:

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baby6615 wrote:
SINOSTAR is rising liao...
lets PRAY....
..feel very happy for all of U vested...congrats..went in and catch at 69cts again instead of waiting <60cts when I saw the rate it spike up..hope it'll move higher

Cfm..many failed to cover after Sinostar broke 70cts on Monday and this morning many pple have shorted naked..check with a few brokers..mentioned their clients want to take the risk of buying in...notic T+4 when SGX bought in expect Sinostar to croos 80cts easily..maybe even tomorrow will cross as those naked short will hedge to prvent further loss by buying against...wow all will be chasing Sinostar again..and i will have happdays again as recently those who witness the scary drop from 80cts start scolding me ...want to cry.......sob...sob..sob

in fact i did mention in this thread that when China Petro Tech is listed on Nov 5..Sinostar will be given a push..but it came a day later on Nov 6

Pick up 200lots between 62 to 62.5cts today using 3 figure gains made from shorting Biosensor and so could keep this for the long haul.Although this counter is very ,very small realtive to Sinopec and China Petrol listed in HK with share prices> S$2 equivalent.Given its net profits estimated to surpass 2006 of S$22mil and with Dubai Investment and lehman Bros as its share holders unlikley it will drop to 40-50cts.recent correction Sinostar holds well at 60cts level.



Last year bought equivalent amount of Epure(72cts),Juitian(77cts) and Sinoeviron(90cts) and holding for about 8 months and sold all >$2.Believe when analysts start to rate this stock will easily rate its TP $1 as DMG has recently recommended a buy for SkyPetrol's TP $1 and the latter's profit is only about half S$10.8mil.

Even China Petro Tech holdings listed on SGX with its price hovering around 46cts cannot be compared with Sinostar as China Petro Tech's accounts was qualified by auditors as its receivables are in doubt

Just keep and hold avoid the up and down...when its JV with Dongming Zhongyou is in operation(ipo proceeds is used mainly for this purpose) its ability to build oil conversion facility to process 600,000 tons of heavy oil to extract raw LPG net profits will soar .