I believe it could easily hit 3.40 soon if nothing serious happening in the regional/US markets. Furthermore, its new Quarter result shld be out in July. Its 3.00 is a very strong supporting level.
I bought this stock @1.60, after the short fall and rise on early 2012, based on the company performance to market expectation, RM3+ seems to be a bit overvalued. For those who still insist to buy at current price level, the margin or safety is very very low ( virtually zero ), unless you have the mental guts to take on the paper loss if situation turns unfavorable in future. Must remember whenever a stock price goes up too high, it will always turn down to a more rational level.
Well thanks, but it's just my own humble opinion. I'm still considered a rookie lol. I won't recommend to buy stocks right now, because the best timing to buy was at 2009 or 2010 after the crash. I bought most of my stocks during that time, now it's only the period to hold, not buy.
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....
max8
681 posts
Posted by max8 > 2013-05-21 16:10 | Report Abuse
Strong counter