Evergreen investors. The price of Evergreen is bottom out regardless what DJ offer to us tonite. From tomorrow on will go up slowly. Don't chase the price, cautious the back fire...
Evergreen has broken its short term uptrend line starting from Aug last year. As mentioned, I will sell once the uptrend line is broken. Thus, I no longer have Evergreen. Sell into strength is my advice. Hevea has also broken its uptrend line. Disclaimer. Haha
Evergreen, are flush out by over reacted from most retailers. Considering Rm vs Usd exchange rate from $3.80-4.20 still in comfortable zone. Evergrn should be attractive value buy at this junture.
One simple question , why MYR is strengthening back ? :D Any valid and logic reason ? The only reason i could think off is our country is intervene into currency market and buying back our MYR. Yet, whose money are they using? Gotcha !
Ringgit strengthen on its own merits without intervention. Go see last friday who r net buyers on stocks? Its foreigners.all msian local fund or individual r dumping stocks like no tomorrow.
Foreign investors, like local investors too - they will put in money in markets and counters that they think will at least protect their capital, with reasonable opportunity for appreciation. Yes, they come in and out. Nothing wrong with that. In fact, this kind of behaviour is expected. Everyone wants to protect and try maximise their capital.
There are signs the foreign investors are starting to nibble at Bursa again. Ringgit has recovered somewhat, and many counters are quite attractive. Certainly more attractive than the prices of US counters.
As for Evergreen, it too cannot escape from investors rotating. These export-oriented counters had gone up quite a lot. Many investors are cashing in and looking to ride the next uptrend get sector and companies. Whatever these might be. We the small fish should be alert for opportunities to 'tumpang'.
Directors didnt sell la, who tell Max Yong that news? If the directors play goreng shares, EVGN share price would have been much more exciting from a long time ago. But I have no idea why the stock tumbled so badly except that all export counters got hit bad. It was really good for EVGN to have taken advantage of their earlier high share price to do placement and bonus issue. I'm having more confidence in the mgmt team....
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....
trader1964
32 posts
Posted by trader1964 > 2016-01-26 07:07 | Report Abuse
Have not receive bonus share in account yet !!!