(Post date : 6 August 2010)
Ezion Holdings Limited, an investment holding company, provides marine logistics and support services to the offshore oil and gas industries primarily in Singapore, Australia, the Far East, ASEAN countries, and the Americas. It also engages in the development, ownership, and chartering of strategic offshore assets, such as multi-purpose self-propelled jack-up rigs, which has applications in well-servicing, commissioning, maintenance, and decommissioning of offshore platforms.
Ezion Holdings Limited owns a fleet of 25 vessels, consisting of tugs, ballastable barges, offshore support vessel, and self-propelled barge that are used in the provision of offshore marine logistics and support services to the offshore oil and gas industries. In addition, the company offers a range of marine consulting services related to the development and construction, as well as marine logistics solutions for marine offshore facilities.
Further, it provides logistics, supercargo, engineering, and freight forwarding services. The company was formerly known as Nylect Technology Limited and changed its name to Ezion Holdings Limited in August 2007. Ezion Holdings Limited is based in Singapore, Singapore.
Q : Worth to buy at current price $0.68 (5/8/10)?
A : No, not yet. Should at least wait for it to drop until it reach 50% retracement (about $0.495) or 61.8% retracement (about $0.40) compared to March 2009. Be patient, be prepared and make sure you have enough capital when it reach the low price again this within this year 2010.
Q : Is it possible to drop till so low? Will it happen?
A : Anything is possible in the stock market. Please ingnore the term “ impossible” when you buy or sell stock. In stock market, sentiment for any buyer or seller determine the violation of the stock price, so “ greed and fear” for traders will determine the price. So, any stock is possible to reach at any price level you never imagine before.
Q : If I am short term trader, should I wait for the price to drop till that level?
A : We normally not recommend trader to be short term trader in stock market. It is not easy to speculate the price volatility in few weeks. And if you always go for short term (few days to few weeks), you will lose more money in long run compared to you invest for longer period. And you will be stressed up if you always trade short term, as you will always have sleepless night thinking about stock price. So, be patient and wait for price to drop, if you want to have nice sleep and earning money at the same time.
Chart: explain how many % retracement.
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