Only those without a clear strategy will care about a dip in the price of any counter. If you want to invest in a counter like this, you need to have a longer timeframe and a plan to cut-loss or to average down the stock based on your research.
A long term investor will look at this positively and may add up more positions. A short term investor/speculator may need to cut their losses due to them either having other plan or not much capital to play with.
hahaha, of course you cannot see 1.04 match as the lowest price match was at 1.02...... lollllll, .....the fast knee jerk effect was at forst 5 min trading time,,,,,then over ,,,recover back...so, next time, be early bird ...ya
Similar to WTK, alos happen in Jtiasa these morning, both also under selling pressure due to poor result....knee jerk selloff overshoot and recover to pare down loss....render opportunity to reap fast contra profit
Even if you said poor result, result still better YoY. And the selling volume is not high which means those that want to sell already sell before QR. Now downside is limited.
Of course, its a bargain buy at depress price....across all timber related stock...Jtiasa, WTK, Ta ann...all on sale offer discount......but, for major catalysts, it need to show recovering in earning in next 3 month.....plywood price, log price, CPO price, production volume...etc
company now has 15cts cash per share, coming forward, I see ~15M cash flow in per qtr or ~60M cash flow in per year, this will double 15cts cash per share to 30 cents cash per share next yr
notice that this company has been maintaining total debt around 300M since 2009, in 2009 total cash is 200M, 2016 Q1 is ~400M, 200M cash increase in 7 yrs, or ~30M per year ,~which is great
Technically, it is not looking good for WTK as its 20-Day Moving Average is sloping downward and its price action is below the Moving Average line. The support and resistance level of WTK are 1.07 and 1.13 respectively. The RSI indicator is giving a reading in the oversold region. This may indicate the price decline may be over-extended. However the price and volume action at the 1.13 resistance level is to be monitored carefully.
All fundamental figure looks good and undervalue, but 34 court case within family members, their management can be trusted or not? or they just take care on their own benefit only?
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....
Pusher_Punisher
413 posts
Posted by Pusher_Punisher > 2016-05-27 09:09 | Report Abuse
time to dump.. will close at 98c today. rofl