Technical BUY with +16.3% potential return Last price : RM0.675 Target Price : RM0.750, RM0.785 Support : RM0.625 Stop-loss: RM0.620
BUY with a target price of RM0.785 with stoploss below RM0.620. Following our earlier BUY call on 17 Jun 14 at the price of RM0.580, LGH’s share price hit our initial target of RM0.680 on 30 Jul 14. However, the share price fell following profit-taking activity before stabilising above the immediate support of RM0.625 last Friday. Given the renewed buying interest as shown by a higher trading volume and steady momentum growth, we expect LGH to continue rising further. Hence, we peg our next target at the 1.61x Fibonacci extension level of RM0.785.
Do not make profit by trading in order to capture the price differences , because it will not make good return ON THE WHOLE PROCESS ,and furthermore only KACANG-PUTIH investors will do that due to small quantity they hold.
For us, we trade with the waves , we hold on if the price did not move up as envisaged, in Qty ranging from 1-1.5 million units.. ..we normally don't trade intraday or "Contra" as commonly termed as such.......
we are normally using double leveraging technique to maximise our return ,in this case we have to date having about 300 % gain,and holding on to it till M&A taking place as we anticipated that.
Son follow mother but not for long. Pls read my earlier posting. Once mother breaks 70 convincingly, 500 M Market cap is done deal. So what is next? It will be the son on spot light. The gear will shift. And remember this son convert to mother is a one way street and no going back.
Not good enough. Price below 70c not stable. I have already given you a very important answer. So now will be balance of conversion against price.....Got it? 1. more conversion = more dilution 2. more dilution = more liquidity = better to upkeep market capital compared to high price but low liquidity 3. It must be stable at 7x to maintain and gradual the impact of dilution.
Here son will gear up.
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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....
YOLOOOO
1,676 posts
Posted by YOLOOOO > 2014-08-12 15:24 | Report Abuse
saturn sifu accurate lor