Category: STX OSV

Buy @ $1.18

Getting cheaper by the day. Dropped to $1.055 day low after my buy but closed @ $1.065. Will become very long term hold if Q1 results is worse than Q4. 😀

Buy @ $1.125

Continue to drop… despite an SGX Annc yesterday on the signing of Letter of Intent for 1 PSV (Platform Support Vessel). I estimate NOK250Mil (~S$50Mil) using another 2012 SGX Annc. The contract is expected to be signed in a few weeks' time. 😀

Buy @ $1,175

New lows! Mkt appears to be shifting from high risks to lower risks like TELCOs and other Blue Chips…:D

Buy @ $1.205

Fears when market opened, spread from US where bombs were set off during Boston Marathon. Fears of terrorists becoming active again. STI managed to recover and closed +ve, unlike HSI & Nikkei. 😀

Sell @ $1.245

Contra off my recent ones as some are due for payment. Could this be the indication that Oz is finally done with their selling and is gone? Only time will tell. Am left with mostly long term ones but can also sell these on the way up as I see this as a risky stock to hold as I'm still not sure if their down cycle has hit the bottom. Can also buy more if it drops as I've cleared most of my short term ones. 😀

Buy @ $1.215

Below their previous Offer Price ($1.22) again. Looks like being deserted by Traders. Looks like will have to hang on till the next catalysts occurs ie. either new order wins or Q1 results. 😀

Buy @ $1.225

Didn't expect I'd get a chance to re-stock for my short term ones. Looks like the spike up the other day is really due mainly to the analysts' write-up, very short-life indeed! Q1 results will be key to determining whether to hold for longer term as it'd give a good indication whether they're turning around or not. 😀

Sell @ $1.25

Contra off my recent ones. Was too slow in the morning when it was at $1.26 for a short while. Vol = 18,410,000 ; Range = $1.24 to $1.265. Most likely, Oz would have been able to clear their last lots today (Bal = 11,679,000 on 13-Mar). If so, we can hopefully expect it to move higher in the coming days (of course will be reined in by profit taking). The recent positive analysts' reports on Rig Builders bodes well for OSV Builders as biz moves down the food chain with some time lag. Hopefully, it's not confined just to the Asia Pacific region as STX OSV target markets are mainly Northern Europe + Brazil (tiny part). 😀

Buy @ $1.22

Woah… Offer Price…. Was done after queueing since AM. Looks possible to drop below $1.22. Seller CP '82' – Morgan Stanley. 😀

Buy @ $1.23 & $1.225

The $1.225 ones were done by Jump-Q during 5pm matching. This one is not enjoying the bullishness of the mkt today. Most likely, Oz is still selling? If so, will have to wait till they've sold their balance holdings or STX OSV to announce more orders before share price can recover. In the meantime, am slowly buying back with every drop and have not hit my previous level yet. At this rate, we may even see it dropping below $1.22, the previous Offer price! I think I better stop my buying….:D