Why all the fuss about RAPID delay ? Is there any certainty that Petronas will award contracts to Muhibah since there are other players bidding for contracts ?
Yes, why all the fuss? Anyway you sell I sell and everyone sell. Bursa drop like shit today but dow/S&P flying higher. If FOMC good positive, tmr asean market will fly...so what abt Bursa then? See what market going to tell us...maybe everyone rushing to buy again?
Cheah, Imoogi, investors buy share based on outlook and confidence. some may ask why up so much, not that muhibbah has already been awarded any project from petronas, it is just a license. So, it works the same when they investor think the chances are small or the chances delayed. it is all about outlook and potential and confidence.
You're right Maxeus JX. The buyers who had bought this counter would have made their decision based on rationale/basis best known to themselves with the ultimate objective of making money. The buyers would have based it mainly on TA and/or FA or simply follow the crowd.
i always think of fundamental issue. the rosy picture of Muhibbah is just a projection. i may buy back if it drops back below 2 (sorry to say that) or Petronas announce tender.
mmtalents.....i mean this round of shooting up is because the news of Patronas lesen prompt broking house to re-rate it, but end of the day, we have to examine whether it can deliver.
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....
traderman
7,854 posts
Posted by traderman > 2013-07-31 21:26 | Report Abuse
actually some very bad news hit muhibah not only the downgrade, thats why beaten down heavily today