If you look at 10 years chart, 1st spike in early 2015, up from 0.60 to max 1.35, gain of 130%. Recent spike from 0.40 to max 1.15, gain of over 180%. Ask yourselves, how good the fundamental can make it climb higher? For me, I will not buy a counter that already climbed more than 180%, not even punt for technical rebound, cos the downside risk is higher than the upside.
I would rather invest in counters like Pesona and Evergreen which were in their multi years low.
Trap by director. Director wanted to buy back at lower price n sell again when goes up. These directors(furcker..) show qtr report in weak to sell down..Son of Tun no wonder cannot be a PM. If price always above RM 0.90 then directors themselves trapped themselves.
A Gap down is a deadly sign in bearish trend line especially after a lousy FA qter report , sentiment would only become positive IF report of new award, contract, etc ..otherwise a doldrums till nx qter report.. in November.. for small ikan bilis better jump off the frying pan.. kikiki
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....
megane
14 posts
Posted by megane > 2018-08-26 09:15 | Report Abuse
I think will not drop much. YoY up just Qoq drop. Moreover it’s only 1st Quarter results. Fundamental is still there and nature of biz got potential.