It up bcos the news that korean buyer buy at high price way above market price, and it down today bcos the korean buyer said they have no interest to buy the rest of the shares. in this case, i guess the share price is mainly drive by news, not technical.
As a teacher himself, he should know that it is easier to teach history then maths. After all history is something that already happen and you can bull a lot of reasons abt it. Had CJ Korea Express buy more than 33% at RM1.45 and also offers rest of the shares at RM1.45, then Mr Teh will not be writing this article. He will surely turn to another story.
Since korean own 30%+ with price at about 1.45, though they won't buy it from you at this price, but it do give some basic support to the share, which i think it won't fall below 0.90 anymore unless the economy is very bad, or something big happen. At the same time, maybe at the current earning, hard to find a local retail buyer to buy any price higher than 1.25 either, unless they want to take it private, or the earning increase by 30%.
knowing the stock like the back of your hand but you do not know the price will go up or come down or sideway..........till buyer overcome seller or vice versa.
It looks like the price is well supported at 94. Only those who chased the price yesterday are affected. With new major shareholder controlling it, the price will not drop further. Buy for medium term.
The Purchaser, CJ Korea Express Asia Pte Ltd, is a member company of CJ Korea Express Corporation (“CJKX”), the largest logistics provider in Korea with a diversified business portfolio offering integrated logistics solutions to both local and global customers. CJKX, which is listed on the Korea Exchange, has a market capitalization of 4.5 trillion won (approximately USD4.1 billion) and global revenues of 5.1 trillion won (approximately USD4.6 billion) for financial year ended 31 December 2015. CIMB Investment Bank Berhad is the financial adviser to CJKX for this transaction
We were confused after Taiwanese group suffered losses after CUT LOSS and SHORT tradings recommended by Mr Teh. One of our youngest inexperience member told us to do the opposite of Mr Teh advise. Fortunately we already able to recoup our capital. We shall continue and experiment with OPPOSITE strategy.
Wow...imagine if every investment book can on average just increase 1 percent (very conservative already) of the number of your SUCCESSFUL PROFITABLE TRADES (not to be confused with profit rate since profit rate is more subjective to the counter performance at your particular trading period) Sifu Teh is unstoppable.
usually this type of jokers will sing two types of songs, one is painting the past, to hook new students, another song is for those who already subscribe to his services
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ttgipoh
262 posts
Posted by ttgipoh > 2016-09-08 21:40 | Report Abuse
it easy to say when u look at the rear mirror , it was bullish yesterday.buyers overcome sellers at that point of time.