2Q results announced did not account for the Rm400m sales. No wonder ppl are talking about Wave5, probably May when Q3 results announced? Powerful wave5 take it across Rm1.00? Normal to have few days down, and then up again.
i would not cash out even my margin has been slimmed down a lot for the past 2 days as i opine that the big share holders are lowering down the price for accumulation! Just my 2 cent...
bought at 0.715 and at 0.64 ==> avg 0.68. Thanks guys for the exciting ride and information.... need to build up some nest fund for my kid's education....
I would say W4 kicks in... Retrace more then 61.8% is too much for SW4! Tomorrow will be dead cat bounce for pjdev-wc since doji showing on 60min.. Probably rebound to 67-68 and continue downward to 59-60 area! Again... my 2c ombak reading!
I think it is going all the way back to 55 sen, which is the level OTB advised Saturn to jump in. The run up started from there, so it should also end there
My cost for wc is 31 sen, sold at 75 sen and use the money to buy Pjdev at 155 sen. I did a quick calculation, this means my effective cost for Pjdev is 60 sen.
For me, no more in and out. I will just hold on to Pjdev and wait for big dividend to come. With all this 400m cash they get from selling assets recently, even if they pay out 100m is already 20 sen per share. I just diam diam sit there wait for durian to drop.
The question you should ask me is : why do you buy Pjdev ? Why don't u totally cash out ?
The answer is because if I totally cash out, I will end up with a lot of cash. And what will I do with those cash ? There is no way I will just put it into fixed deposit to preserve its value (punters like me never quit the market, they always recycle the money back to the market. I know myself too well). Definitely I will use it to buy something else, which very likely will cause me to lose my hard earned money back to the market. The only way I can minimize that risk is to use it to buy Pjdev, which give me the continuity and yet avoid the trap of jumping out of one overvalued counter only to jump into another overvalued counter.
I know that Pjdev mother share now is Not overvalued. I am very sure about that
Now no more action with Pjdev wc. Focus now switched to engtex wa,which I bought at 25 sen in 2011, sold 70% few months ago at 70 sen, and the remaining 30% waiting to be offloaded at RM1.30 over the next one to two weeks when euphoria build up over progress made in water industry consolidation, and engtex's strong EPS in this latest quarter of 7.1 sen, which was announced this evening
Posted by twobits > Feb 26, 2014 06:06 PM | Report Abuse
I would say W4 kicks in... Retrace more then 61.8% is too much for SW4! Tomorrow will be dead cat bounce for pjdev-wc since doji showing on 60min.. Probably rebound to 67-68 and continue downward to 59-60 area! Again... my 2c ombak reading!
Ans : I noticed you are very good in Technical charting. Keep on posting. Good work. Thank you.
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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....
sephiroth
14,145 posts
Posted by sephiroth > 2014-02-26 10:20 | Report Abuse
melting, i like, for those with holding power, can start collecting, will be adding at 66,62,58 all the way to 50