Posted by kokopipi > 2013-07-19 13:46 | Report Abuse

rm2.60, i think..but still alot undervalue share....like hunzpty, YTL, digi and alot more

Posted by Junglestock > 2013-07-19 13:59 | Report Abuse

waiting for the drop to collect :)

Posted by cariyoyo > 2013-07-19 14:49 | Report Abuse

dear all,

we are into a situation where retail buyers are disposing their holdings. this is bound to happen as share price has shot up as much as RM1 per share. it is only natural for them to do so. nonetheless, these retail buyers can be quite limited as the majority shareholders and institutional funds are holding tight and will take up where they have left. the fundamentals of coastal is still in tact and businesses are growing as more and more oil and gas players are modernizing their equipments.

my view is the share price shall hit RM3.30 within the next three weeks. however, please note that am commenting based on the available datas I have seen and went through. your buying or selling of coastal is indeed your own investment decisions.

Posted by ahlau > 2013-07-19 16:23 | Report Abuse

i totally agree with cariyoyo..very sensible

Posted by almufathal > 2013-07-19 16:47 | Report Abuse

eat first...price down...beli balik

Posted by CityTrader > 2013-07-19 16:57 | Report Abuse

monitor how far it will retrace to..

Posted by Jacktan > 2013-07-19 17:12 | Report Abuse

Bleeding becoz tiz stock 3k loss zz

Posted by quyen850906 > 2013-07-20 06:46 | Report Abuse

Can buy since retrace 2 days?pls advice

Posted by CityTrader > 2013-07-20 07:39 | Report Abuse

It has hit the initial tp set by investment banks so retracement is probably between 32%- 50% from its recent high then stay sideways prior to next wave. If fa is good then no need to worry so long u ve holding power. My personal view only.

Posted by Lawrence Lai > 2013-07-20 09:42 | Report Abuse

did coastal lost a contract to scomi energy in Thailand? is coastal energy same with coastal contracts ?? anyone can help enlighten this?

Posted by Lawrence Lai > 2013-07-20 09:44 | Report Abuse

http://www.btimes.com.my/Current_News/BTIMES/articles/20130719115337/Article/

Posted by kcfan > 2013-07-20 09:59 | Report Abuse

Scomi wins Coastal's.Games of fire....

Posted by Lawrence Lai > 2013-07-22 11:26 | Report Abuse

any bad news? keep dropping non stop

Posted by gankm > 2013-07-22 11:35 | Report Abuse

Coastal Contracts & coastal energy is different company & have no connection. maybe is correction period at the moment.

Posted by Zulkiflee Yahaya > 2013-07-22 14:42 | Report Abuse

I bought ealier at 2.02 and sold at 2.48, good margin but went in again at 3.14, today is T+3, so got no choice , got to hold

Posted by hom3boy > 2013-07-22 20:38 | Report Abuse

hoW long will u hold ? worth ?

Posted by Borneo1981 > 2013-07-23 16:19 | Report Abuse

run..shouldnt hold this stock..had gone up too much based on some fake rumour regarding new business and takeover...those who enter will get trap when it keep going down to rm2.00
below 2.00 is ok to buy!

Posted by Borneo1981 > 2013-07-23 16:38 | Report Abuse

too many retailers are trapped in this now. all want to avg down. mark my word, will drop to price before it started going up. around the rm2 mark

Posted by Buy & Sell Sell & Buy > 2013-07-23 17:38 | Report Abuse

l keep praying. Pls go up to 3.10 again. l m a retail investor. Have mercy on me. It will go up to 3.10 again. If the price goes down to RM2.00, then l have to keep this rubbish for life. So sad. Why l believe of this counter new business. Sharks please Keep buying this Coastal to bring it back to 3.10, or else nobody will keep this counter anymore.

Posted by Borneo1981 > 2013-07-23 18:37 | Report Abuse

why would the sharks want to push up the price again to let people run? they will keep pushing it down now. if you want to keep this for long term, cut loss now, then buy it back at a lower price. From what i understand, retail are still buying this stock while institutional/sharks investors are dumping this. i wish all the people good luck in this share. i will enter at a much lower price!

Posted by Borneo1981 > 2013-07-23 18:42 | Report Abuse

one more point to add: retail investors usually will keep average down when the price goes down.
received the news when price was at RM3.02, buy. TP was RM1 or so, so did not sell when reached RM3.16.
down to 2.92, buy again.
down to 2.84, buy again.
down to 2.70, buy again.

how many times can you buy if it keeps going down to RM2.00 and how much would you have lost? It might take many years for it to go back to up 2.50 at that time. and bear in mind that while the stock has been going down, KLCI has been at all time high, and going up, imagine if KLCI crashes, this stock will definately follow too. target price 2.00.

Posted by CityTrader > 2013-07-23 20:04 | Report Abuse

I m not expert but i would like to share with u my trading rules.

1) Do not average down during the price downside.
2) Wait until the price settle down.
3) When it starts to upsiding again with volumes, then i will start to average up until i reach my "paper lost" price.

I m having the same wavelength with Borneo1981 "how many times u can afford to average down? & how much money u are prepared to collect average down?
U can either cut lost OR wait til the price settles down first. Wait for sign of uptrending then start to average up.. My personal opinion.

Posted by CityTrader > 2013-07-23 20:09 | Report Abuse

The strong support should be at 2.50 which is also the 50% retracement. Today the price has dipped to 38% from its recent high.

Posted by hom3boy > 2013-07-23 21:54 | Report Abuse

keep dropping .. any idea ?

Posted by davors > 2013-07-23 23:35 | Report Abuse

heading to 2.1...

Posted by Chong Kan Yik > 2013-07-24 09:02 | Report Abuse

retrace only, already 7days + 9days continue up, of course the price will come down because of profit taking. People ask you sell, they are take advantage from you, selling low only let those collect low only, think about it ^^

Posted by Chong Kan Yik > 2013-07-24 09:08 | Report Abuse

Government is going to push the GDP and what they can do is only giving contract to Oil and Gas and Construction, this 2 session are continue getting projects, cant you all see? They are benefit from the government.

Posted by Borneo1981 > 2013-07-24 09:38 | Report Abuse

was there any reason for the increase of price from 2.10 to 3.10++? it was just rumours that was spread around to make people enter at the high price, now they are slowly disposing their share. whoever who keep on buying will be just collecting from syndicate who are selling.

Posted by 9696_88 > 2013-07-24 11:58 | Report Abuse

opps..this stock keep dropping for 4 days

Posted by cariyoyo > 2013-07-24 15:34 | Report Abuse

it appears that the selling continues despite the fundamentals of coastal remain strong. one must identify who are these sellers before imparting comments. are the sellers foreign institution or retailers or the owners themselves? I think they are retailers who jumped into the bandwagon when coastal was going up earlier. why investors missed the point of how the price shot up from RM1.48 to RM3.13? why the price was moved up so strongly? fake rumours to bring it down to RM1.48 and fake rumours to bring it up to RM3.13? sensible answer is foreign investors are loading up onto this counter. nonetheless, I shall let all fellow investors to decide.

am holding tight.

Posted by Superman88 > 2013-07-24 17:18 | Report Abuse

Last min drop heavily..what happen

Posted by Borneo1981 > 2013-07-24 17:49 | Report Abuse

told you will drop to 2.00-2.10 .good luck to all who are holding. should have cut loss when you had the chance.

Posted by Buy & Sell Sell & Buy > 2013-07-24 18:36 | Report Abuse

Oh my God. Can still go down like waterfall??? The sharks are selling in huge amount... need to keep praying for price to stabilize. The will be lot of sellers if price keep going down. Maybe, need to cut loss now or keep it for life. Still thinking deeply what to do... sell or keep these shares???

Posted by xenolover > 2013-07-24 19:03 | Report Abuse

usually after a share sharp fall 20%-25% from its peak, it will be stabilize. Now, the fall already in 19.5%, i think in few more days, the price will be stable. Example: GAB, Oldtown...

Posted by kelvintcg > 2013-07-24 19:08 | Report Abuse

Down for 5 consecutive days, hopefully tomorrow will rebound kaw kaw for us.
This stock is a fundamental stock . Be confident !

Posted by efuan > 2013-07-24 23:58 | Report Abuse

why drop so much?

Posted by Trading_Guruji > 2013-07-25 00:02 | Report Abuse

Dnt wORRY the TP is 3.80

Posted by 9696 > 2013-07-25 06:07 | Report Abuse

Hope today can rebound

Posted by Mohd Zukarnan Zunan > 2013-07-25 06:46 | Report Abuse

Just correction..
It will soar up after get its ' rest '
From now all of you pkease monitor LBALUMINIUM..
more question..inbox me on fb...MOHD ZUKARNAN.

Posted by efuan > 2013-07-25 09:02 | Report Abuse

yes, it is rebound now..

Posted by Borneo1981 > 2013-07-25 09:14 | Report Abuse

a trap again. it will close red

Posted by Borneo1981 > 2013-07-25 09:14 | Report Abuse

sell while you can

Posted by messiBarca > 2013-07-25 09:29 | Report Abuse

coastal back!!!

Posted by traderman > 2013-07-25 09:48 | Report Abuse

Borneo1981, I read all your post. you are a joke. 1. retailer alone cannot bring up a stock, it is shark. 2. reversal today will depend can break 2.7 or not, you talk like a technical retard.

Posted by dlsh2 > 2013-07-25 09:49 | Report Abuse

I noticed that cariyoyo provides accurate comments. He commented yesterday that Coastal is like being played up by foreign investors. He commented on IJM Land, Maybulk and P&O. Who are you, cariyoyo?

Posted by Borneo1981 > 2013-07-25 09:52 | Report Abuse

today they push price to get more people in the bandwagon. its not supported by high volume. they will push it back down. Retailer can push up the stock if it is heavily promoted by a broking firm.

Posted by Borneo1981 > 2013-07-25 11:17 | Report Abuse

i may be wrong looking at the technicals. today quite strong. hold first if you have any

Posted by Surin > 2013-07-25 12:47 | Report Abuse

I guess too late to enter now. Wagon is full..

Posted by gankm > 2013-07-25 13:07 | Report Abuse

technicals can be fake one, fake sell signal and let u all chaos and sell your counter...

Posted by dlsh2 > 2013-07-25 16:01 | Report Abuse

cariyoyo was right! Maybe foreign investors are buying into Coastal or perhaps they are giving out a huge dividend soon. Something must be cooking with this counter. Borneo1981, you were wrong on this one.