Looking back at what I wrote , it appears the prediction should come true. kt99 when it hits .40 you must be happy. If you can discipline yourself , then you are wise. Will you unhappy if having dispose at .40 it goes to .50 ? Everyone wants to sell it at the highest but no one knows how high it will go. .70 or .77 ? Why not in this Land of Limitless possibilities. All said now as it goes on an uptrend swing, learn to be satisfied and walk away. Plan your level, stick to it. Happy trading.
Shacks, again this is an Ace counter , when you go into this it is all on perception . you know your costs, and if you think you are satisfied with the profit margin, take profit and walk away. It is the curiousity that kills the cat. Don't try to find out the high, for no one really know how high is high. When the market is driven by perception; empirical analysis have no place or answer. It is driven by greed and perception and like how it rises and it falls you will realise that it is empty in nature. Studying the market , I expect this counter to surge tomorrow to a higher level and kt99 wish of .40 is reachable this time.
Kt99 and Shacks thank you for taking this advice from a Blogger friend. I do not mean to patronize you as though I am some big time Guru investment. I would be very happy if you chaps make a heathy profit and join in the excitement . Happy Trading and like what Shacks says do not be greedy.
Steady Shacks, the price cannot move too fast, today is Friday and if it shoots up to quickly , the directors will be served with a notice of UMA ( Unsual Market activities) on this counter. It WILL hit .40 take a good week end break and lets watch next week. .
When swift icon got the green light from Bursa to sell in the open market , obviously the price fell . The question is why ? The amount is enough to rock the market but not significant enough to case a major panic. Have not seen the reason but I think Bursa may have a part to play. Understand this the new shareholders and directors are doing an audit on the company to see if there are any illegal or inappropriate acts like conflict of interest . You feel uncomfortable or jittery ? At .30 if you exit now you do not lose , but I am holding on to my horses to watch more. Why ? I do not see major movement from the other shareholders , at least that is what I see and look at the current price . If there is a panic this counter should fall to below the .23 to .25 mark. I have explained in my previous posting why I take .23/.25 as my bench mark.
financial journalist and newspaper editors also need to 'cari makan'. how to survive on RM4000 per month?
the answer - mention any UMNO politician or their children joining a new company (of course, ensure you buy as many shares the day before). and use the FAMOUS line "according to sources" to PROVE you are a real journalist, worthy of the Star or Edge newspapers!
It appears that the CEO was sacked Mohd Badaruddin Masodi because malas tak datang kerja. In his place is Mohd Nazifuddin Mohd Najib. Okay here is why the share took a dive, this Baharuddin chap reduced his interest in Extol from 9.62% to 7.4 % disposing his shares. Today looking at the volume the market appears to be buoyant. Maybe PM son also got something to do with it. Source: The Edge . Appears that institutional players are out in force to support this counter, so how far will it go? But what is good is the dead woods are all removed and let the show begins.
Difficult to read with Mohd Nazifuddin coming into the picture, from the ground institutions are rushing in to pick and that is a good sign. Let s see these few days whether it can sustain .33-.35, I still say that touching .40 is not really a problem, but see if you get you green pau this Hari Raya Adil Fithri.
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....
Shacks
1,542 posts
Posted by Shacks > 2014-06-16 10:16 | Report Abuse
a slow walk to 0.40... slowly but surely.