Stocks (e.g ingens, harvest,nicorp etc) rocket around like out-of-control pinballs compared to the overall markets. As a result, investors should expect to see at least a few stocks produce disastrous results. Such losses are painful but they go with the territory.
@mw_shing, "rock bottom" - if only we really know. Such a sharp fall. This has gotten traders like me very interested. The worry is, of course, "cheap" becomes "cheaper" as had happened to so many counters... Cybert, Ingens etc. Tapi tangan ni RASA GATAL nak try speculate Heheh! Have to do some research first. There are only two probabilities - one either gets significant profits from a rebound OR the other way round.
Alamak, TA securities says it's a Sell. Tak berani nak beli...
"No change to our TP of RM0.653 (before bonus issue and warrants issue) based on FY13 EPS of 13.1 sen pegged to a PEof 5x. However, on a fully diluted basis, the adjusted target price isRM0.23, which implies capital downside of 52.3% from the ex-price of RM0.44. Maintain Sell."
Keith, probably, if based on TA's report. From their calculations, they say the ex-price should be 0.44 while the TP is even lower at 0.23. True that it made profits but the problem is that the price had been goreng and inflated. 0.58 closing price means it looks like there's still some way to go.
look at the eps, and look at the growth of company... Do you think it worth that much? Do not forget, its just an ace market stock which only listed for 1 yr+... with the same amout of money i ll rather invest in stock like malton... Do not forget after bonus issue, the price will drop to half... anyway a bigh drop today, tommorow maybe a day for up abit, gambler maybe can jump in to take some prfit :D
@ongtkong, thank @Joe Liam because it was he who had provided that link.
@King Kong73, are you planning to buy? I've become discouraged after reading the TA report. But that doesn't mean I'm avoiding it "for sure". That's because I still have some capital from my "High Risk" budget and this counter does look interesting from a certain perspective. Not that I'm encouraging anyone to buy because Amedia can get you badly burned. This could be the textbook falling knife and common wisdom says "Avoid".
On the other hand, when something falls this sharply, there's the possibility of a rebound. But would it be enough to justify the 3:1 reward-risk factor? Let's see how it goes tomorrow morning.
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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....
Mingming
66 posts
Posted by Mingming > 2012-10-06 13:57 | Report Abuse
@ Dear pythagoras ,
Please refer to the below link.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1083753
Cheers