yes i believe so. i was misled by the strong downward momentum. however, tomorrow's price active is very important to determine the trend this stock will go. it is still manipulated so can go either way still.
T10Trading l m not interested to get T+10. If luck is not on my side, can goto Holland faster than formula one. why not u yourself use it to play coastal share. When u earn profit, u dont have to ask people in this i3 investor to get T+10. Good Luck to u T10Trading.
Since reaching its peak of RM3.16 share price has fallen 20% and retraced 50% from the last leg. We believe this is a good level to re-enter Coastal as company transforms itself from shipbuilder to asset ownership following the acquisition of a jack up rig. This is a laggard to other asset owners which trades at low teens. During 2013-2014 period, 17 jackup rig contracts in Malaysia will be expiring which puts new rig owners such as Coastal in a strategic position to bag a contract. BUY with TP: RM3.36 (12xFY13PE). (taken from Potissimus)
Either you are new to stock or you know nothing bout stock ... Coastal has been up from 1.9 till 3.1 in less then 2 weeks. The profit taking drop until 2.53 is very normal ... It is not end of the world for coastal. No analyst ever downgrade them or their contract has been revoked. So I dunno why you want to create the fear to the member.
Would not be surprised if it drop to 2.60 before the end of the week. There is just not enough steam left. Just look at the volume. Right time to pick up at 2.50.
Fitch Ratings downgraded Malaysia's outlook to "Negative" from "Stable" as the prospects for addressing weaknesses in its public finances have worsened in May 2013. So expect the market to go south tomorrow. Sleep tight tonight.
No need to run or cut loss. Wait for it to go lower. Buy more at a lower price and average out. This is a good counter with great potential. I would suggest buy at 2.50 or lower.
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....
Borneo1981
36 posts
Posted by Borneo1981 > 2013-07-25 16:31 | Report Abuse
yes i believe so. i was misled by the strong downward momentum. however, tomorrow's price active is very important to determine the trend this stock will go. it is still manipulated so can go either way still.