Based on TA point of view, today was a final downleg. If it was to fall due to the bad news, it wud have fallen adi and the support 0.36 should not be intact. The glad side was the double bottom was formed and I believe this ctr will fly high soon unless something has changed then my open position at 365 will be smashed into pieces too. This is purely on TA. Good luck to me & the rest who are still holding.
If you can get at .27 that is a good buy, but I reckon if it falls to.27 I am worried for this counter. Am I correct to assume that you chose .27 is because it is the lowest in the 4 week range? The MOU has been signed , but I believe there will be another announcement coming . Nowadays MOU are nothing but Understanding nothing solid to rock the market. It is because of such MOU the price for the past 2 weeks remains at .365 lowest today .36. Nothing is impossible all the best to you and I do hope you can get it at .27. .
I refer to a posting by Bursamaster dat mentioned the price may go below 27sen if it doesn't hold at a certain amt at dat time. U may want to refer to dat posting some 2 weeks ago. For this counter dat has come down to a low of abt 20 sen b4, it won't surprising dat it may reverse to dat level but gradually. The counter has a small profit n a low nab for the qtr; of course compared to last yr it is very much better. Well juz my 2 sens worth. Like i said earlier i hope i m wrong for all existing shareholders' sake. If the price forms a base at 36.5sen, i may juz go in at dat price. Nothing is written in stone. Pls b advise dat my views r juz for discussion n not intended to encourage a buy or sell decision fr anybody. Regards.
Which former Chief Minister, Taib Mahmud or Abdul Rahman Ya'kub? If it is Abdul Rahman, then it may b bcos of the 10% placement of shares made out recently to Malaysuan Capital Management Sdn Bhd.
I think it is Abdul Rahman Yaakub family. This time round I feel Sersol with the JV with the Japanese and strong backing, this company will make some progress.
minahkarant, the only way this counter can hv a meaningful annce dat can move its price upward is 2 hv one dat will immediately give a rush to its cash flow. Meanwhile a jv with the Japanese co will also help but no immediate cash flow; juz look at the buying interest 2day. Sigh......zzzz. Lol!
dc7803, you are absolutely right.. this company is driven by politians. Though it would help bring in projects in the longer run.. as investors, we would like to look at fundamentals
Also it will b good to take note dat if a co is controlled by politicians, that there is a corelation betw political strength n the stock price. If u all remember in 1993, Idris Hydraulic was linked to Anwar Ibrahim the counter moved fr less than 20 sen to abt RM6+. The same with Scomi which was linked to Pak lah. Pls correct me if i m wrong. Again i like to emphasise dat i m merely sharing my views n not trying to elicit a buy or sell response.
Chan ks, is MAVCAP really a shareholder? Malaysia Capital Management n Malaysian Venture Capital Management r 2 different entities. So far i hv not seen any MAVCAP moves in Sersol. Maybe i m wrong Chan. I reckon u may hv google for the info n came back with dat conclusion. I stand corrected. Cheers!
dc7803, one man's meat is another man's poison, depending on the backing and how it's played to one's advantage. Similarly when politians join any org, it could bite both ways...
It looks like someone is trying to buy cheap by pressing the price down. Look at the sell vol at 32.5sen n 33sen. If someone buy them out, i think the selling pressure will go. Juz a theory only la. Dun go n do it n blame if the price go lower some more.
Hey everybody. Careful. Dont get conned into thinking there will be a big runup soon. If ever the paint business will take off, takes years to market and grow. Good luck. Folks. Chow already!!
Hey Chan KS, maybe you need to hold few years, if they execute it rightly!! The share will go down and remain there low long time!! Good luck!! everybody.
It is going back to the old play book. Drop .05 sen or 1 sen everyday once in a while until 21sen. I think dat shud b the trend. Happy investing guys. This counter is disappointing.
If u look at some of the daily trading graphs, on some days it has a good morning but weak finish at day end. Dun b too happy. Chan k s may b rt. Come evening the counter goes plonk n u wait for it to drop again to the tune of limbo rock. It is juz a prrsonal opinion n observation. Pls revert to ur remisiers for advice. Cheers!
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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....
Growth74
34 posts
Posted by Growth74 > 2015-05-21 17:01 | Report Abuse
dc7803, agree with you.. and if the annoucement translates into movements