Thailand - Set & Set50 Futures Wave Analysis

[Chewbacka]

I might consider taking some profits out in the next few days but the market looks to be still in bull mode for the time being........... but heading for new highs or heading south..........who knows.

Exciting stuff.

[Abrak]

One thing it is great for value investors not just momentum investors. I mentioned TTCL 6 or 7 post ago and it is up 25% in a week, 50% in two weeks.

Found a stock today on 3x historic earnings, first half sales up over 100%, no debt, 80% of book, 30% ROE.

That's why I dont get the 'mindboggling' comment about the market rise. He isnt the only one. The analyst valued the company at 1x book. I dont know how - I mean 3.5x earnings, 1x book for a 30% ROE company - just doesnt equate to me but I guess if you put in a 25% risk premium you could get there.

[Chewbacka]

Found a stock today on 3x historic earnings, first half sales up over 100%, no debt, 80% of book, 30% ROE.

Which company was that?

[Abrak]

Found a stock today on 3x historic earnings, first half sales up over 100%, no debt, 80% of book, 30% ROE.

Which company was that?

Well I am not really into giving stock tips on an internet forum nor do I think people should take them. I kind of believe you should do your own research.

But if you look at the number of companies on the SET whose first half sales have risen 100% I guess it would probably narrow down to one. So it isnt exactly difficult.

But as your question was 'what company was that?' I can at least assure you that it should have been 'what company is that?' In that the company is still a '3x historic earnings, first half sales up over 100%, no debt, 80% of book, 30% ROE' company.

[CaptainARK1]

Fully in the green now on my SET50 futures trading despite no evidence yet of a reversal. No carryover of positions.

All trading done on 5-min. Trend reversal only if SET = 685 and then SET = 630 are taken out. These are far away, hence the 5-min. trading. (note: SET data far more reliable for S&R TA than SET50 futures due to too short history in the latter)

SET daily chart shows clearly why the trendline is so important - no indicators or S&R necessary right now as the only thing SET appears to be respecting is THIS UPTRENDLINE.

Focus and expectation remain SHORT but I've not yet been proved right.

[lannarebirth]

Fully in the green now on my SET50 futures trading despite no evidence yet of a reversal. No carryover of positions.

All trading done on 5-min. Trend reversal only if SET = 685 and then SET = 630 are taken out. These are far away, hence the 5-min. trading. (note: SET data far more reliable for S&R TA than SET50 futures due to too short history in the latter)

SET daily chart shows clearly why the trendline is so important - no indicators or S&R necessary right now as the only thing SET appears to be respecting is THIS UPTRENDLINE.

Focus and expectation remain SHORT but I've not yet been proved right.

Be grateful that there are so many gaps that need filling.

Edited September 28, 2009 by lannarebirth