Ayeefk. Pmcorp to rebound today is quite high. It seems that selling is well absorbed. If it can sustain 22.5 today. Chance to go at 23.5 level tomorrow should be good.
Ayeefk. Any bad news normally will have impact on any stock. How long it takes it depends on how bad the news is. Do not buy when people is bussy with bad news despite how much you love the stock is.
long term? foolish. how could a rubbish company like this can be for long term investment. Promoters here have been promoting this company for so long and yet the price stays around this range, when other stocks had fly sky high.
kukuman, it depends on you la, if you want to buy, just buy. if don't want don't buy. simple as that. don't just simply critic people. the one thing that you must know is every person are different thinking and perception.
There is a price for everything. It could be a sell at 30 sen, but maybe a buy at 21 sen. Only the shark may decide how low it should be worth, when market is devoid of buyers.
ayeefk.....i want to keep for medium term....but after careful due consideration i just dispose it.....still monitoring this counter like swingtader......analysing the technical chart....some of my friends go for company visit to seek some clearer picture of future direction of the company.....they said anything products related to cocoa chain will post brighter future.....still analysing the products within this company bro...
Hi all, woke up early today and fell sick. Took some meds and slept until now hehehe.... Bro ayeefk, i know way near shark lah just ikan bilis hehe.... Bro swing, joining the fun again :) ?
Will add some as long as the support is not breached.... this is not a buy or sell call...
Johnny, I and my family had personal experience with the company way back 1990s. A very bad experience with the company and its boss and his is still there, mind you. Things have not changed since then contrary to many ppl claimed it has changed. Don't too obsess wit the company cash reserves. It is not for you, not for anyone. PMC is good for contra game not for long term.
Kukuman, most players are seasoned players. We try to keep the shares for a capital gain on any asset disposal. That is the play for an asset-rich company.
Zu, contra sounds speculative lah, swing trading sounds better hehehe.... Ya ayeefk, hopefully what Mike said will come true about the asset sale this year.... This is not a buy or sell call....
Come on, don't just always blame on shark, this company is bad with its management record and its profitability, sure of course it down to what is should be.
It is just moving down along with the weak penny stocks market. When market is no good, most stocks will go down. Even punters' favourites like Iris, KNM, Silk Holdings are down too. What can we expect out of PM Corp?
For all you know, penny stocks could have entered in a consolidation phase. Got to be careful with trading now. No contra playing.
Timl, I was just guessing. The market was trading with buyer at 21.5 and seller at 22.5 sen. Who would want to sell at 21.5 sen, if not for last min forced selling?
Hi all, almost all the penny stocks on my watch list in red colour :,( .....
Ayeefk, it sounds very logical to me, otherwise he would have queued sell at 0.22 right? Logical analysis... I never saw it that way... I still have a lot to learn hehe...
Kukuman, sorry to hear about your bad experience with the management... I agree that there must be check and balance.... thanks for sharing....
David, I think all of us agreed that there was something not right with the management otherwise its price would not drop from rm13 many years ago until this level... for now some of us if not just me, are waiting for any sign of improvement in the management of its businesses.... asset sale is a good start although it's not the preferred way here IMHO... hopefully more asset sale this year to unlock values of some of its dormant assets or businesses...
Mfaizalm, yes please give us an update if you have more info from the company visits or from your friends...
Generally not a very good day for penny stocks I supposed... good thing is the support level still intact today... hopefully it will be there tomorrow... just my amateur views and not a buy or sell call..... no offense intended whatsoever... if it did, my sincere apologies....
Hi all, overall not a good day for penny stocks.... even the 'darlings' of penny stocks eg: iris, daya, knm etc were not spared... I am not good with TA so can't give full analysis based on that... again good thing is, support at 0.21 still intact... only a very small number of shares was sold just before closing at 0.21... I think this is the third or fourth time that the price bottomed at 0.21 in the past month or so... let's just hope that it can at least maintain this price next week.... if not, the next support level would likely be 0.19/0.18 like what david mentioned....
Lastly as usual, this is just my amateur observation and I might be wrong... anyway I am wrong all the time hehe.... have a good weekend guys... thanks for all the sharing and opinions.... appreciate a lot... adios amigos!!!
I'm still holding shares in this counter bought at a very high price but now seldom at this forum. I wonder whether Ayam Tua n gang still visit here or not? At times please visit here as this is the place where v all met n get to know each other. Tq n have a nice weekend
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....
ayeefk
574 posts
Posted by ayeefk > 2014-02-27 12:06 | Report Abuse
AyamTua, maybe a 3rd type: the price has dropped way too low and the shark is pushing it up a little.
Hope my analysis helps. Trade at own risks.