The next news that affect price (1) Bonus entitlement date (2) Fin. result (will released before 31 Nov) (3) result for admitted to main board. Today, many traders come into action. Price goreng. Really need good holding power and patient.
Fatty, you maybe right... My experience tells me that when boss is selling, we must follow them to sell.. and it wont go wrong.. Hiaptek is an example, boss selling at Rm0.75 and now it onl;y worth Rm0.50... Recently case include YTLP Boss keep selling Rm1.8x and now it only worth Rm1.60... So decide it yourself if you think its worth to take a risk with an ACE market stock that never even pay a single cent dividend :D Good luck for gambler...
Thanks for your advice. I know the risk - above average. I bet based on current low P/E and good fundamental (in paper at least)and the news of admission to main board. An admission to main board would allow higher valuation for AMEDIA, so far Bursa has not turned down the application if all requirement is fulfilled. The only issue now is Bursa decision on it. Of course, if all informaton about AMEDIA are FAKE then I will run immediately.
Feigo, what u hv said above r correct. I oso base my bet on (1) Bonus entitlement date (2) Fin. result (will released before 31 Nov) (3) result for admitted to main board. If these 3 things r incorrect, i will pack my money & run away fast. Faster than RoadRunner.
AMEDIA's Pivot Points for 02/11/2012: R2=0.492, R1=0.458, Pivot=0.432, S1=0.398, S2=0.372. It seem this morning cannot move above RM0.435, then it may pull back to S2=0.372 (to close the gap of RM0.375 to RM0.385 created between 30/10/2012 and 31/10/2012.)
I think it will drop further. Many traders came into market during the sharp rise and now they are stucked. They are highly leveraged. I think force selling will depress the price some more.
Heavy selling when price climbs may be positive point. If there is good news released tomorrow, it really sucks. Previously price up two days before bonus approval. Now it up again - today the transacted shares is 12% out of total shares. Big volumn. Insiders really have information advantage.
some slightly big selling today but still keeping the price at 0.405. Also few big money buying in. Retails investors do not have this buying power. I suspect accumulating shares are on-going.
Why increased receivables is a problems? Someone may view it as a result of increased of sales. The fact is the revenue has increased. I am nuetral about plants and equipment, without this, AMEDIA wont have growth. It is normal for high growth firm. If revenue decrease but asset increased, then it is a dangerous sign. This is based on my personal opinion. This does not means AMEDIA price wont go down.
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....
feigo
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Posted by feigo > 2012-11-01 17:48 | Report Abuse
The next news that affect price (1) Bonus entitlement date (2) Fin. result (will released before 31 Nov) (3) result for admitted to main board. Today, many traders come into action. Price goreng. Really need good holding power and patient.