While global sentmnt very negative we saw asiapc rubbed .275 n ended quite postive ...too...dowjones shed another 143 pts n last night...will asiapc repeat its stand as of friday...only god knows....
If you holding a healthy profit, better take it! Buy another day! Foresee something not right! Could be market crashes, bearish mode, negative sentiment, the sign are there! All markets red red for days, you cant ignore the obvious! No point fighting the tide! I even suggest not to look at market in coming days! This is my free opinion!
I wish to differ - Asiapac will continue moving up with some blips along the way. The market will be down on MON due to fall of DOW but should recover after that. Anyway there should be a group of stocks making new highs like KNM,Gadang,Symphony,Pantech,Gunung,Farlim etc. Even MKH and Dsonic should rebound. Ours is a two tier market.
Most of the share we buy, the good news already been price in, as a small investor we only follow the 'horse tail' but for asianpac i think it still have some gap for uptrend cause if we count in all the project is still undervalued, i estimate it will close above 0.30 in short term. (My personal opinion, trade at your own risk..)
foretunebullz - Agree with you that Friday's move was meant to attract buyers for the operators to dispose to, as it had already hit resistance at 27.5sen.
In this case, you probably still have a lot of retailers chasing the price, which of course makes it easier for the operators to dispose even more shares at a better price.
I would agree with Ooi TB that the counter will retrace to 23.5 - 24sen before consolidating, rebounding and continuing with its upward journey. So, plenty of time for me to buy in at a better price.
The above is my opinion only - this is most certainly not a buy or sell call.
Better cabut! Dow crash rout not yet end! Bursa has plenty of fat overvalue stocks too! Don't fall in love with Asiapac! Can always come back to her when she is sad and alone!
Air01-dow jones dropped 266 pts lst thrsday ,asipac remains bullish ; negative global sentimnt failed to derail asiapac uptrend behavior.. Nothing remain certain fr sure but fr sure ,asiapc is a stock valued assets n hard to ignore...!
Mr. OTB said that the counter will retrace to 23.5 - 24sen before consolidating, rebounding and continuing with its upward journey. Let's us wait n see. Whatever, ! am sitting on the counter that I bought at 0.195. Not going to budge until my TP of 0.45 is realised. 12/04/2014 19:10
This is not a contra counter; certainly there will be dips along the journey. Nothing to worry about the dips of 2 or 3 ticks. Eventually, I believe we will reach our land of utopia!!!!
For those who are investors, why so worries about the volatilities... If u understand the market movement, then whatever price u buy, u no need to worry unless the Co is darn bad FA, no cash flow, no dividens, lousy management eat money bad debts etc etc,,,,
After the price has completed the Minor Wave, it will move to Intermidiate then Primary next to Cycle, price keeps moving higher & higher by climbing the staircase ..
I care for the price movement bcos i dont want my money park at an unmoved stk & i m a trader not investor ...
....u should never prmote any stock if it has lttle valu n funmentaly wweak... u have to ur own analysis of any stock recmmended n i think many did ...the benefits fr all...of us.
I promote Asiapac when the price is 0.20, I did not promote it when the stock price is at 0.27. I tell people to sell so that all newbies will aware that the price is too high to buy.
Please do your homework before you buy. I am not a coward, I am a gentleman who like to help valued members here. If I did not come out and tell people to sell at 0.27, more newbies will get caught. Instead I tell all valued members who missed the boat to buy on pull back around 0.235. All my calls are based on what the chart tells me. I do my homework and show you the reason to substantiate my call. I do not ... I do not just promote by calling "Buy ... Buy" Thank you.
rmk....... fyi i invested before all the experts came inti in picture n did not sell even when Mr OTB says it will drop . I make my own judgement ! Btw this counter is is not risky to me i feel . Not against anyone who is clever in making more money .
I dont think OTB is contradicting himself when he ask people to hold three months and at the same time asking people to take profit at 265
let me explain
when OTB called for a buy at 20 sen, he asked everybody to hold for three months. This is because he has no idea at all that share price will run so fast.
However, shortly after he made recommendation, price shot up to 265. He reviewed the situation and all he can see is that the external environment is not so rosy. So should he just stick to his three months and risk the chances that Asianpac will go down again and all profit dissipate ? or should he make a call to sell so that everybody that follows his advice can keep the profit ?
of course he should call for profit taking at 265. One bird in your hand is better than two birds in the wood
I agree with you Icon8888. Mr OTB do not have a crystal ball. He can only predict n assume what is going to happen basing on charts. What direction Asiapac in taking is up to market forces.
Thank you OTB for your tips on Asiapac. I am a new subscriber to your newsletter and Asiapac was the first tip from you that I acted on....I have enetered and exited twice, making over $6K in the process. And I just paid RM960 for a whole year of OTB's service. I also acted on OTB's Bright tip and made a few hundred dollars profit as I did an intra day trade on it. Keep up with your good work, OTB!
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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....
edwin8910
19 posts
Posted by edwin8910 > 2014-04-11 23:41 | Report Abuse
Still holding Asiapac @0.24.if minor correction happen ,can we enter again and collect more?? hehe