Yes, because before the announcement it went up to 1.65/1.68. Most research house valued it above 1.90. Also, this is a hot pick stock with a lot of demand. In stock market, everything is decided by demand and supply. If there is no demand, no matter how good fundamental a company is, its share price won't go up, example is Tan Chong.
It can be the current price 1.53 or 1.50 or 1.48 or 1.45. Nobody can tell you what is the best price. It can drop further or it may not. If you are afraid and don't want to miss the ship, then start to buy now, a little by little.
Ai yuh2 very unstable berapa lama mahu wait.i buy 150 leh thot can go up 165 again eSily but hopeless now.lousy la. Itu expert all give high tp but half way pun tak sampai
we maintain our OVERWEIGHT call on the sector with our BUY calls for SapuraKencana Petroleum, MMHE, Bumi Armada, Yinson Holdings, and Alam Maritim Resources. Our HOLD recommendations are for Petronas Gas and Dialog Group.
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....
Joel
4,580 posts
Posted by Joel > 2014-05-03 14:05 | Report Abuse
I think some of them will sell on good news.