sephiroth, as I mentioned earlier the T+3 factor is not a big issue nowadays. For every counter there is always a T+3 everyday. For Digistar today is actually T+4 but the last 4 days volume is so much higher than the first day (Monday) when it shot up - rather unusual. Look at Pelikan for example, the price has been going up on T+1, T+2, T+3, T+4, T+5, T+6 ....... So the issue of T+3 cannot be taken for all stocks.
I know - but I am just penning my opinion in general, no offence meant to anyone. That's why I said the trend is rather unusual, so much selling in the last 4 days as compared to the volume on monday when it went up !
looks like the selling frenzy has tailed off..given @0.30, 295 n 29. still Q for 0.285-27...mebbe now trade the previous 0.24-32 range b4 next blast off>>>..???
Very obvious, some parties are unloading the shares to another parties.
The intention could be:-
1) No intention, just purely transfer of share 2) Unload share from non-bumiputra to bumi-putra, because this might beone of the criteria in order for Digistar to secure more government project. 3) Main shareholder unloading shares to syndicate, but not sure when they will start goreng!
DIGISTA was listed in the MESDAQ board in October 2003 at an IPO price of RM0.55. On 28th June 2012 it has been upgraded & transferred to the Main Board. Its mkt cap stands at RM102mil, shares issued 352,819,786 units, reasonable PE ratio of 19.33 & NTA of RM0.237. Its major shareholder & CEO Datuk Wira Lee Wah Leong has been continuously accumulating its share in the open mkt since 2009, presently holding : Direct 27,363,149 (7.92%) & Indirect 63,443,426 (18.37%). Furthermore, in year 2011 the management has implemented its share buyback policy to stabilised its share prices in the open mkt. Share buyback for year 2011 r as follow:-
DIGISTA support level is now standing @0..27 & if it could staged & rise above the 0.32, its next resistance would be 0.35 follow by 0.40 & target price of 0.45. Let's wait n see whether the stock can rebound back up to 0.32 to resume its bullish momentum.
Presently I'm holding 50,000 units (30,000 @0.315 & 20,000 @0.325) & average shall be 0.32 per share. With last Fir closing price of 0.29, I've only incur a paper loss of only 3 sen which is very minimal paper loss. I've confidence that it will stage a rebound in the short term, & will accumulate another 50,000 units if it slide to 0.27.
My investment principle is as long as the Co is good n will not close shop & having continuously making profit for the past 10 years & only incurred losses for only 2 years since year 2003 listing. Due to its business nature it requires high capex which resulted in its inconsistence earnings & slightly high gearing ratio.
The last 2 days chart is not good, 2 (Red) long down bars with high volume shows distribution. Short term it is not good, support is at 0.275 and 0.26 respectively. Hopefully, do not break below 0.26. Thank you.
this cmpany is not bad company..they have their future plan and still make money..they also done convert into main market from ace market.. for short term player, drop more than 10% in two days is best time to collect.. for long term of course can make profit in et list 6 months later... juz my 2 cents
Agree with Mr Ooi technical analysis...the technical chart signals maybe giving out signals about the sustainability of the company business model
The long term fundamental for the Company is not that rosy as going into construction and property business is a clear indication that management thinks current business model that has served it well in the past may not repeat in the future...Panther 911 will be competing against existing players who had been long in the market...Its a low margin business..
The company will also need big cash upfront for latest PFI project.. Cash out flow upfront in order to collect rentals over some years..one can do so if one has lots of cash...
Hey dude...it boils down to ... "Do you make money or U lose money?" This is what matters...it is about return on your invested capital...returns on big capital sum or small capital sum follows the same financial performance measurement.
Sifu Mr Ooi Teik Bee just for open discussion to get yr opinion that if u r now in my position as what I hv mentioned above n planning to do so. Would u hold on for it to resume its uptrend later on or to cut loss at a certain price? Would u prefer not to cut loss but instead will accumulate more when it drop to a certain support level?
Truly appreciate yr realistic opinion & kind advice & I shall be the one to make the final decision whether to follow yr decision or maybe I still prefer to maintain my original plan. Tq
Bro trustme932 Nxt week any positive sign on TA chart that DIGISTA might be able to cross the critical resistance level of 0.32. Would apprecate yr feedback to monitor the price movement to enable me to make a decision.
since Director just unloading all the digistar-wa... Most likely there won't be any goreng activity in coming weeks. It takes time to settle down before the next surge... All contra player should quit, otherwise you will be hurt.
good morning,m still holding on to my remaining position at 0.285.Can afford to give back a little if it trades below 0.275.To accumulate,it has to close above 0.31.If it ever closes below 0.275,i shall erase it from my stock watchlist.In term of wave count,it will look hopeless if it trades below 0.275.M i wasting too much time with this stock?
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....
inwest88
5,628 posts
Posted by inwest88 > 2013-09-27 10:56 | Report Abuse
anything is possible in the market