Oceanus

Bro, thanks for the advice, I sold out @39.5c for half of my holdings. You are defintely right on risk management. Maybe I will have some log cake and some abalones after all. Merry X\'mas, lets wait and see New Year... Cheers!

Oceanus was 42 cents - back in July 08, if you look at the very first posting on this thread by someone named Dave. Surely Oceanus stock can do better than that price now that it has a rapidly expanding restaurant chain to gobble up its large population of abalones. Oceanus is breeding over 100 million abalones a year, by the way. 50 cents is a fair target IMHO. Another 10 cents to go.......

A counter which has been hotly discussed is Oceanus. Personally, I am not vested in this counter but the word \"Oceanus\" came up a few times when I went through the list of words put into the \"search\" function in my blog. So, this is a TA of Oceanus for anyone who might be interested. On 30 Dec 2009, after forming a black spinning top with extremely long legs, usually a strong sign of a possible reversal, Oceanus\' price has been sliding down in the last few sessions. The reversal sign was confirmed on 31 Dec 2009 by a sell signal on the MACD. Breaking the 61.8% Fibo line at 41c yesterday and closing below the line today suggest that more downside may follow. Next support level is provided by the 50% Fibo line at 39c which coincides with the rising 20dMA. Rising 50dMA and 100dMA limit further downside at 36c. The short term uptrend is drawn using the color army green and from this, we see that the uptrend is still intact. However, with the MACD poised to do a bearish crossover, more downside is probable. The risk premium is not as high as it was in the last two trading days of 2009 but waiting for a pullback to stronger support levels might be prudent before accumulating. Look at the chart: singaporeanstocksinvestor.blogspot.com/2010/01/oceanus.html

Lots of hype indeed for a simple company growing abalones. Perhaps if they had just stuck to their core business it would be too boring to mention, and everyone would soon forget the company. So a dual listing is a good way to drum up some interest. But one should ask - where does value really lie? In TDR or in the cash flows and profits generated by the business? The answer will determine if there is a margin of safety at current market prices.

musicwhiz, the business is actually more exciting than you seem to realise. This fella has about 200 m abalones currently ....& breeds about 100 m a year. This is not your small-time abalaone farmer. It\'s the world\'s largest land-based abalone producer! It is going into canning abalones, etc. Most significant is the restaurant chain. Imagine 200 outlets in China, HK, Spore, Taiwan....IPO of the restaurant chain in maybe HK - the PE multiple will be juicy. The Taiwanese investors appreciate Oceanus a lot: now paying NT$11.50 per TDR, which is 50 cents. In Spore, the stock only @ 41 cents!!!!!####****

personally think that there is a risk by investing in this stock. Risk such as abalone died due to disease, etc.... So dont think it is advisable to hold long term. Just my personal view