should buy now at cheaper price before next wave. quarterly report is coming out. there should be insider news, otherwise the price won't shoot up so much before that.
sometimes u need to goreng abit to attract people's attention. but when it's goreng too soon too high the price operator will take profit first n push down the price to goreng again. when news come out it's already goreng very high price n all dump together
About a fortnight ago...I predicted the price to be RM 0.44...it is now RM 0.42...from my further analysis of this counter of its fundamentals and prospects...i am for the long haul...expect price to hit RM 0.65 by early Januari 2015...and thereafter RM 1.00 by the middle of 2015...
Crude oil is falling like a rock...I have the feeling it may drop further to about USDS65 per barrel within the next few months... the US is bent of bringing the Russian economy to its knees...very simple... in order to balance its budget [ Russia's] the price of crude should hover around US 80 per barrel...if the price of crude is artifically sustained below US 80...the Russians will be in trouble...the economy won't last long...there will be chaos in Russia and the rouble will depreciate...Russia's cost of import will also escalate..this is one way of arm twisting them into submission and evict them from Crimea...and also to force them to back off for good from fiddling with Ukrainian's internal politics..
You may ask what does this got to do with share price locally...especially with regards to OCNCASH. Well...I will give a short narative of scenario ...One of a number of products manufactured by this co. is felt which among others the application is interior and anterior trims in automobiles..with oil price falling precipitously..disposal income of the consumers will increase marginally...many will want to buy or change their cars...demand for cars will invariably increase if not in the short term...perhaps in the mid to long term...manufactures of automobiles will ramp up production...they will have to increase the purchase of parts as well as others components needed in the production of cars.. that's exactly why OCN is in talks with Australian co to supply to Ford ...thus one of my reasons for the forecast in increase in demand for felt manufactured by OCNCASH in the mid to long term...don't also forget that OCN produces disposable hygienic products used as back-sheet for diapers, sanitary napkins, wet wipes, and surgical apparels including caps, masks, and gowns.
Plz remember..I am just sharing my thoughts...not a recommendation to buy or sell...but for your information I have bought 100k of OCN...I am for the long haul with this gem....and it is yet to take off!!!
Just check Ocncash qtrly track record. Except for Qtr1 2012, the rest of the Qtrs have been on an uptrend eversince. Hope Qtr 3 announcement next week will be equally impressive. Just can't wait for the announcement..he, e..
Last Tuesday, 18/11, Ocncash up 4 sen with high volume. Those who bought contra, today Monday, is the 4th day and due for force selling unless buyer pick up(make payment) the shares. Otherwise, remisier will just sell on 4th day (force selling).Hope that explain.
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....
bracoli
2,579 posts
Posted by bracoli > 2014-11-07 17:18 | Report Abuse
all exit liao?so fast meh