Oh, I was not aware of that. Any other good points that investors have missed out?
Some possible explanations for the lacklustre share price performance: 1. Investors are not fully aware of the intrinsic value, apart from its NTA per share of 61 sen. 2. Very low coverage from analysts/investment banks. Not much publicity. 3. Only 1 quarter of turnaround profits. Not convincing enough. Moreover, no dividend declared. 4. Current mkt concentration is on health-related theme. Other themes are not in strong play. 5. Bursa mkt has rebounded quite substantially in the past 2.5 months. How much more can it go up short-term?
So, mkt operator had this tendency to trade range-bound in the past 2 weeks - between 36.5 sen and 44.5 sen. We can only tell whether it is moving up or down, after the trading range is broken above or below.
I am tempted to follow this trading approach to take some profits too.
I have given my views on this counter. Let's wait for a clearer direction from the operator - to see which way it is moving. Meanwhile, take appropriate action needed.
Today, even the glove counters are not performing...
This could mean the operator is doing a distribution(from tickets collected cheaper in the last 2 days).
I have said it(see below). That is why I sold to take profits first.
-------------------------------------------------------------------------- So, mkt operator had this tendency to trade range-bound in the past 2 weeks - between 36.5 sen and 44.5 sen. We can only tell whether it is moving up or down, after the trading range is broken above or below.
I am tempted to follow this trading approach to take some profits too.
Apparently, mkt operator is in control of this counter. This palm plantations disposal is actually good news for the company - very good profit from the sale. But the operator makes it look like lousy or bad news.
See if the operator is kind enough to "churn" lower and give me a chance to reenter....
Closed at 39.5 sen on general weakness of the regional markets, factoring in an expected drop in Dow of 600+ points tonight. Hope to collect at my target re-entry point of 38 sen tomorrow on weakness and to average down more at much lower prices.
Dow plunged last night and mkts start to get volatile again. Will reassess our mkt condition for re-entry.
In a volatile mkt, stock pick is important - always look for fundamentally strong counters that will do well when mkt finally recovers in the next bull cycle...
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
buzzcock
79 posts
Posted by buzzcock > 2020-06-04 16:14 | Report Abuse
pancing counter. nothing good to hold.