fundamentally, alam's business is doing great so i see this price correction will be short-lived but of cos it'll consolidate for a while before it spike up in future.
based on my TA, there's a barrier limiting the upside temporarily but the overall trend is consolidative upward so we'll se how the chart will be drawn tomorrow
giv it 1 to 2 weeks and it would move back to trendline again. It's in oversold territory so why not collect this stocks while it's price to book value is lower than many other O&G counters. Expecting tomorrow's Q3 results to lower it further and i'm more than happy to collect some more.
don't be so sure, consider the amount of vol disposed during 11 - 13, the buy back vol is micky mouse only... if profit already, better let go some juz to be safe until report out. of cos, yr $ yr choice!
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....
susan68
311 posts
Posted by susan68 > 2013-11-18 16:31 | Report Abuse
sure..its going up alright.lets observe.