hi comebackisrael, thanks for your comment. You are a very neutral person, I appreciate that. I do agree that some hands are manipulating the price recently. But since I don't know what is the bottom price it can go, I will keep accumulating in batches as long as I still have available funds. I agree it is not wise to go all in at one round/batch... after all, when the intrinsic value is unveiled and notice by more investors, the price will likely to move up so my average price is still low. At current price, it is no doubt the share is much undervalued. just my 2 cents....
Whether it is manipulated or not, one thing we can see now is the buying demand is definitely stronger than before so it may mean this is the point where it should reverse the trend and rebound. For this reason, I am buying at a huge discounted value at least to it's tangible value PBV 0.66 as a safety margin (34% discount to book value) and it's PE is still below 10 which is very cheap in the industry. Jtiasa is surging now.
iloveshare128, I prefer to accumulate more as it goes lower too because I can see bargain values emerge since it's fundamentals remain intact. If truly there are operators manipulating EVERGRN's share price then they are looking for bargain values to accumulate too obviously so do not sell cheap to them. This might be the turning point because you can see strong buying interests at current price range.
This week will be the 12th week of bear candles weekly chart and there is no stock cannot break the down trend for twelve consecutive weeks as ever recorded so I'm in for a rebound from here on. Selling is overdone and I won't sell cheap to operator who manipulate this.
Don't sell cheap to those who manipulate this stock. They are hunting for bargain values too. IMHO, this could be the turning point after 12 consecutive weeks of selling and that is overdone.
The photon dude is sadistic in nature by using that user account just to inflict pain, suffering and humiliation on others. I'm not surprised if he's one of those sicko in real life. That abcb could be the same dude. Anyway if I guessed it right this could be the turning point for EVERGRN.
Yeah, everise... of course everything cannot be 100% sure, but i am 99.99% confident that it can never touch as low as 60 sen per what Photon said... after all, the fundamentals are still strong and intact and it does not make any sense for it to trade as low as 60sen...
any bad news already priced into the stock price it had corrected from 1.60 to 0.90 already usd strength one day up or down is not a trend the current trend for usd/rm rate is stable around 4.00
Current price 0.92 equal to 1.29 before ex. Not cheap. Base on chart they accumulate between 0.60 to 1.00 in 2014 n spread the tickets at 2.40 on export theme play n bonus issue. 0.71(before ex 1.00) is reasonable price for you all start to collect. This counter is manupulated by big shark. You have to follow their rules.
Don't be so naive think that read all the reports can judge the company n can perdicted its price trend ar...When I shouted for sell in Jan at 2.50, nobody listen n some even believed the price can go 4.00. Padan muka for these tamak n naive guys.
johor friend staying in BP. he didnt mentioned the value of the order, but he said could be more than UDS100m. anyway, traded at ur own risk, tat's all i knew.
haha... i don't normally trust rumors unless it is from a source that i can trust... anyway, does anyone here still think it can go as low as 60-70sen? I don't think so... and I actually hope it will stay much longer at around 0.90 so that i can accumulate more at lower price.. too bad it rises back too fast today...
hotrod, it depends on what kind of order that is.. if pure MDF boards, margin is not as high as 10-20%.. if it is RTA furniture or other value added MDFs, then maybe margin is higher...
you guys see how quickly CUTLOST change his tone.. a few days ago still shouting that it will go down to 60-70 sen... today shouting that it will go up to 0.985...
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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....
iloveshare128
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Posted by iloveshare128 > 2016-08-08 11:24 | Report Abuse
hi comebackisrael, thanks for your comment. You are a very neutral person, I appreciate that. I do agree that some hands are manipulating the price recently. But since I don't know what is the bottom price it can go, I will keep accumulating in batches as long as I still have available funds. I agree it is not wise to go all in at one round/batch... after all, when the intrinsic value is unveiled and notice by more investors, the price will likely to move up so my average price is still low. At current price, it is no doubt the share is much undervalued. just my 2 cents....