SSI - Sino Strategic International

[mathias]

I would appreciate any news re this stock. I was told Packer just bought 10% of the company????

 

[mathias]

SSI Sino Strategic International

Bruce Mathieson has finally sold out from Sino Strategic. Bruce Mathieson failed taking over Sino, and sold off his shares at any price which bought the share price down. Now he is entirely out many exciting things will be happening with SSI.

Keep an eye on it!!!!

 

[Out Too Soon]

Re: SSI

well this is a quiet thread, guess it's not a resource.
But this has sparked my interest after reading Criterion (Australian) 5/10/06
Anyone know some more about this one? my portfolios about 95% resources atm, not that I believe in diversification for diversifications sake but there's more to the stockmarket than just mining isn't there?

 

[Out Too Soon]

I'm surprised there isn't more support for this stock, all the ingredients seem right.
a) The Chinese love gambling
b) The Chinese population r getting wealthier
c) SSI have Chinese/Australian management with obvious connections in mainland China
d) New Casino type gambling place at Shanghai F1 Grand Prix site (that's very high profile)
e) Cashed up & ready to expand into rest of mainland China
Getting into mainland China instead of just Hong Kong & Macau looks like a great plan to me, one step ahead of the likes of Packer & Co.

Of cause I'm slipping into my old habits on this one, judging the stock by it's fundamentals rather than market sentiment.

 

[Robroy]

SSI - The Speculator's buy of the week

David Haselhurst (The Speculator) in The Bulletin magazine today picked SSI as his buy of the week.

Haselhurst usually does his research pretty carefully, and his 2006 stocks showed an average 194% gain.

So I'm in to SSI.

 

[Out Too Soon]

Re: SSI - The Speculator's buy of the week

David Haselhurst (The Speculator) in The Bulletin magazine today picked SSI as his buy of the week.

Haselhurst usually does his research pretty carefully, and his 2006 stocks showed an average 194% gain.

So I'm in to SSI.

Is this a contrarian stock or not, maybe Haselhursts mention is the reason but when everything else fell SSI climbed on no ann.
As I said before this stock makes sense as a good investment but I got burned then. I'm back in again since (obviously), hopefully the market in general will start to take notice.

 

[motorway]

Significant Jump already
drawn out backup
that led to a shakeout
I would atm see it has confirmed as terminal ( That is it wont be retested.. And could be the starting point of markup phase )

Nice sign of strength follows..
action over the last four bars is absorption.
There has been no meaningful reaction ( plenty of leeway even to $2.90 if it decides to make another test ..adequacy of the reaction )

Stock has been getting good press..
So no one is to eager to lower their sell price
But demand is waiting to see the announcements.
That's what the absorption action suggests.

In context Here is valid reason to buy the breakout itself
Good news acting on a good technical position ..

None of the buyers got much in the shakeout
That is why I call it terminal... Nothing for the buyers down there.
All the action is holding up higher..

I definetly hold this one..

David Haselhurst ... has made this a buy a second time..

however that is Just another test to see response..

I judge We have got good response..

See the green below what Wyckoff thought the response revealed to Us.

A tricky stock as regards liquidity..outside a lot of buying lists
Such stocks must then offer enticing rewards along with those perceived risks.

More an investors stock than a traders stock
which to me has to do with patience and time frames rather than method..


So
DYOR

cheers
motorway

 

[motorway]

pulled back right into the trading range
But showing no willingness to retest the shakeout low with any
determination..
It looked ready to move higher
But the shallow drift visible on the P&F
hints at some more preparation

I could guess the good press generated some weak longs
But why guess

The backing and filling
plus the upward slopping lows and tightness of the activity
points to good support and absorbing of the the weak longs

At this stage..
I would think there are valid buy points on the bar chart at the attempted retests of that shakeout low...

purely a chart view and opinion



motorway

 

[motorway]

The chart


"pulled back right into the trading range
But showing no willingness to retest the shakeout low with any
determination..
It looked ready to move higher
But the shallow drift visible on the P&F
hints at some more preparation

I could guess the good press generated some weak longs
But why guess

The backing and filling
plus the upward slopping lows and tightness of the activity
points to good support and absorbing of the the weak longs

At this stage..
I would think there are valid buy points on the bar chart at the attempted retests of that shakeout low...

purely a chart view and opinion



motorway"

 

[X888]

What I've been told by sources is the Chinese gov have finnaly given them more license to open up places like this and more in the future

ANN : Sino Strategic International Ltd is pleased to advise that the Company has continued
to expand its gaming distribution network in Shanghai with the opening of the second
Multi Entertainment Centre (“MEC”) in the Hong Kou district of downtown
Shanghai. This is the second MEC established by the Company since the opening of
the Shanghai F1 MEC in October 2006.

 

[motorway]

SSI certainly did more than test the shakeout low

really fell out of bed .. Not unusual for a stock with this liquidity or size..

( √ rule )

It would seem that selling out of Germany triggered by the fall in the shanghai
index caused a sharp drive down

Whatever.. What matters was whether the selling was informed
Stock had a classic selling climax and V bottom


It did give a buy setup
and So I bought ( some more )..

Certainly a speciality

But sometimes rewards are commensurate with perceived risk
certainly We had a three day spike in volume
someone was buying ..

above I mentioned some weak longs
This drive maybe shaken them all off
And there is a stronger technical position.

announcement out certainly seems to suggest
That the business is moving forward

Stocks go down to go up

We will see

one to definitely .. DYOR

technical or fundamental

Wyckoff stressed that sponsorship of such stocks is passive
( every stock needs there to be someone who knows that value is present ,
No value No reason for anybody even a trader to buy.. A stock with no value is one that you do not what to be left holding the bag )

He meant that when sellers are determined step back and wait to see the buying emerge ..
charts told the story
SSI Hit the springboard
Those who buy on declines came out and stopped the drive

They absorbed the supply.. and good confirmation in the close on Friday



motorway

 

[motorway]

Another perspective
Some of the 50% levels marked
A higher low is a higher low

Another important 50% level not marked is the
the more than 50% retrace of the previous column

with or without the step back included...

Such a reversal is to be noted

the columns are the direct result of "differences of opinion"


motorway

 

[motorway]

Getting some confirmation

Yesterdays bar indicated Demand

A Spring back from below support
getting some follow through today

motorway

 

[Out Too Soon]

Hi Motorway!
thanks for all the graphs & analysis, I lost interest in this quite a while ago when I lost patience (read panic) & took a loss. I swore off low volume stocks, if there's no interest then the fundamentals are useless.
Now that I've said that I can't help but admit to still being interested in this one esp' at current levels.
I'll take a position on monday.

 

[motorway]

I swore off low volume stocks, if there's no interest then the fundamentals are useless.

Hi O.T.S

Yes You have to approach it has a specialty... That is not a normal trading situation... But as a Spec/investor approach...

If you do that and allow for the swings as buy and selling pushes it around.

You Will have an opportunity that will offer possible huge rewards
because of the very fact the traders are often totally absent..

Note possible....Where there is reward there is risk..

There is a number of things that over time has impressed Me about SSI..

So you need to be sure of Your time frame and the way You are going to handle the risk...

SSI when it takes off ... certainly takes off..
tends to be weak longs though that join late ( imvho )
Buying that is looking for a quick profit that sell when weakness appears

So I don't Buy breakouts here at all....
When it falls ... Watch it find support...
Those buying then I assume are not weak longs..

If You looked at the trading recently some weakness seemed to come out of Germany
when Shanghai dived

German Buying seems to be based on the focus money articles( Like the speculators in the bulletin ) So they Buy when they are told to Buy and on weakness they sell And it flows over to the ASX..

I think also there as been impatience with the mooted sports betting..

Certainly however buying emerges willing to meet that selling..

This is a stock I have followed for around 8 years and feel comfortable holding..

liquidity is lower
swings are wider
but there is always ( So far ) Buyers that come in..

Focus Money, Bulletin , Eureka Report , Criterion .
Have all at various times given it a positive coverage..

I see the bulletin Did not make an issue over the price dip
But just noted the latest MEC roll out..

Just My opinion
DYOR

all the best

Motorway

 

[Out Too Soon]

Well I said I wouldn't but I have. I took a position in SSI again, couldn't help myself, I think time will show I made the right decision. Surely $2.11 is support.

 

[GreatPig]

Surely $2.11 is support

Based on hope or theory?

I see $1.90 to $2 as a reasonable and long-term support level, but if it breaks that, then 20 cents here we come!

Cheers,
GP

 

[X888]

new ann out

Re: Shanghai Sports Lottery Administration enters into Cooperation
Memorandum with Shanghai Kelo

Sino Strategic International Ltd (“SSI”) is pleased to advise that its wholly owned Chinese subsidiary, Shanghai Kelo Investment Management Company Ltd (“Shanghai Kelo”) has entered into a Memorandum of Cooperation (“MOC”) with Shanghai Sports Lottery Administration (“SSLA”) for Shanghai Kelo to act as its retail agent for the distribution of SSLA products within Shanghai Kelo’s land base welfare lottery distribution network in Shanghai city.

 

[Out Too Soon]

Based on hope or theory?

I see $1.90 to $2 as a reasonable and long-term support level, but if it breaks that, then 20 cents here we come!

Cheers,
GP

$2.11 it was & contrarian it certainly is.

PS: one day my rural setting will have broadband & I'll post those graphs that load so sloooow.
PPS: Pigs cleared & ready to fly.

 

[motorway]

The most valuable feature of Figure Charts are their
horizontal formations.................................It is in these horizontal formations, or congestion areas, on the
figure chart that we find the greatest aid: (a) in determining how
far a stock should go; (b) when it meets opposition, viz., when it
has about reached the end of its move; and with the help of the
vertical chart (c) determining the trend, and (d) when a stock is on
the springboard.

The 3 Box reversal chart brings out a condition that is not always
immediately apparent from a casual glance at a 1 Box reversal chart. It
is important to observe and remember in this connection that the
inability of a stock to reverse its trend three full boxes or more,
or to rally emphatically from former supporting levels, is often
highly significant, and should seldom be ignored, but should be
carefully considered in connection with other contemporary technical
manifestations.

It is the change from dullness to activity (regardless of the
absolute, i. e., the actual volume), or the reverse, which is
important; and the manner in which the change occurs. These changes
put us on guard to watch for further indications which will either
confirm or deny the direction of the trend in which
the change occurs.

The sponsorship of most small stocks is passive or inert
Smart money dislikes to move
an issue in the face of a large following -- they have nothing to
gain by giving the public a free ride. The big fellows prefer to
let outsiders in when it will serve their purpose best, namely, when
they are actively marking up and distributing. If they see a chance
for a good move, but find too much company in their stock, they will
first try to shakeout, or tire out any premature bulls.

Ok SSI still very much a speciality , But congestion on P&F chart is nearly ALWAYS significant ...

Congestion areas on a P&F are where the building of cause is revealed

The quotes are taken from Richard Wyckoff

With Wyckoff P&F... An important consideration is relating Box size to the data set... It is important to not bring any time distortion into the chart.

We want to see the actions of smarter money at work this means catching broken Rhythms.. Using Market or intrinsic time It also means using the box size to filter out all the swings that are not created by smarter money..

The starting point and foundation is the 1 box reversal chart....


here are a 8% x 1 and a 2% x 3

A very interesting congestion zone revealed on the 2% chart...

The 8% chart is also interesting
The lack of "work" on the strong rise
The huger amount of "work" relative since

And the "character" of that work..

work builds a cause that produces an effect....


Other charts to look at are the 0.05(cents) x 1 chart
and a vertical bar chart

motorway