tell me about it. not surprised. the rise from 1.89 - 2.85 happened so fast. still no one wants to sell shares below 2.50 which is a good sign, especially considering volume has dropped significantly. same thing happened to power root. volume dried up for 2 weeks, then magically volume picked up yesterday and today, and BANG 2.20!
i was so tempted to sell. it rose by almost 0.60, 1 week after i purchased. but i had to remind myself that i originally bought to keep for fundamental reasons. my original TP was 3.00 in december. i also find it very difficult to add lots to rising shares, in a rising market.
ya. unfortunately KLCI must re-test 1700 before going up again. at some point in future. if you buy a good company, then it shouldn't be affected much. see what happens when the US Non-Farm Payrolls get released in 12 minutes. hoping for good news!
Welcome Christine Goh. I do own this stock. But it doesn't attract much interest. I have just recommended this stock in Puncak's forum yesterday. May be you would also like to take a look at KSL and SUIWAH.
Stkoay Hi .. New in this forum. . You said you have wingrm . How about Suiwah. I sold a bit too early around 2.85. Am thinking of buying back . What is your long term view on this. Respect your opinion
@1n1792. Suiwah has just launched a township project in Farlim, Ayer Itam, Penang. With this project, UOB Kay Hian has worked out that its RNAV will be RM9. Recently the company announced that it has bought back its own shares at 2.90 from the open market, meaning the company think its price is undervalued. This is a small cap company, its shares is also not very liquid, if it is push or chase for whatever reasons, its price will leap. May be you would like to consider buy back a little when it corrects. Good Luck.
Well, You hit the jack pot in KSL, so I come to visit this forum base on your recommendation in puncak forum....
It is a bit cold to sing solo here lah.. too quiet..., may be should invite 119 here too, as he can be very gung-ho to start up heated conversion to warm up this counter as what he is doing now in seal forum...
If I started singing, maybe another JTan will crop up and ask me to shut up then.... Probably, she will start enjoy singing after she got companied..., well koeytiaw thn'g at ST Koay street is good I heard....
@Tornado. Hahaha..........nice to see you again over here....and Thanks for paying attention to my 2 cents' worth opinion... I have just visited SEAL forum, reading the heated conversation....too hot to get involve....haha.......maybe the coldness and quietness here is good for sharing sensitive information.......we can say what we like without hurting others........and you are right...no one will appreciate your singing here......haha. BTW, since we can say what we like over here.....I would again like to share my 2 cents opinion....I think Puncak at current level do not provide an attractive risk/reward investment. The good news already factored in and now too many uncertainties and the price is not cheap. I do not wish to pour cold water there cos most of them still so bullish. This can only be shared here...cold and quiet....haha.... Buy this WING at below 2.15....should be quiet safe.
@stkoay, thanks. Sold off most of my puncak & ops earlier as I think there are too much politicking in the water theme counters which are not healthy. Will start to collect below 2.20.........
@Tornado. I THINK it is smart of you to make buy/sell decision based on your own assessment and not be carried away by others'comment. Ya, market is in correction mode, everything is down.....it may be an opportunity to pick up some bargain when the dust settled.......no hurry...Good Luck and Happy Investing.
When everything is down, high beta stock that corrected more looks more attractive. It is when others are expensive, then it's safer to buy this. Since it has dropped less, its rebound will also be weaker. Just my 2 cents.
@koay, I did not load up much. I will chk if there is a loading up opportunity next week. Pls signal me too if you see it, I usually like to get double confirmation before I do so. Tq very much.
Tornado, There's only one big boy dominating the trade these couple of days. The purpose? It's left to be seen. At current price, it is quite cheap. And dividend is usually declared on its year closing 30th June, to be paid at the end of the year....that's only a few months away. EPS for 9 mths was about 14 sen....safer to wait for 4Q report b4 loading up.....Just my 2 cent....
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....
arv18
2,662 posts
Posted by arv18 > 2013-05-21 16:46 | Report Abuse
Sure, no problem :)
Very happy with this buy. I was not expecting to rise so fast. I thought 3.00 only possible in December. Don't worry, I'm not complaining!