let me xin ga a bit here..if you bought latitud 2 years ago..can u imagine how many profit that u gain....in this world is there any stock wont drop but only going up? just my on opinion
It broke the strongest support with gap down today and high volume. Something is not right while other peers are traded higher and higher after bonus, split, free warrant and etc. I would expect will continue to drop below 6.00 :)
just his letter.... it could have discouraged his followers and hence the ppl that supported this share and keep buying qtr after qtr... just stopped doing what they were doing leading to this situation now. Just a guess.. no real proof. It really got worse after the dividend announcement. Shareholders just gave up i guess. Sorry if i offended anyone... but i guess it will go up once more once the unhappy shareholders unloads all their shares...
dont get me wrong... this is a good company.... but sentiment is bad... whatever said... it will come up again in due time... maybe this friday :)... everyone loves fridays right,... hhe
I have to agreed that today it broke a strong support with volume. Anyway lets see thursday and friday, this 2 days are crucial for latitud's future price/trend.
u must treat latitud is a growth com since just 15% of the profit is distributed. latitud used the money(40million) venturing into upstream business by buying laminated wood processing fac and machinery from kpscb.it is interesting 2 see how the malaysia's operation perform in coming quaters besides vietnam's operation. the com didn't borrow from bank 2 expand their business. for that reason 12sen dividends i accept. bonus or share split is just for short term players i don't care much. results is most important. let us see
I already mentioned yesterday, it was not an ideal selling price. Technical player would have sold earlier and fundamental player wait for 200 sma. Only people who dont know how to invest and trade will sell on yesterday, definitely not an exit signal.
If today manage to close at 6.6, bullish engulfing with other indicator signalling to buy. Don't understand why some people sell yesterday, so dumb. I am not holding this counter, just keep track with the chart only.
Whether Koon is selling the share, I have no idea, but we will never know in a short time, trading of sub-shareholders do not announce to the public on the same day. Don't need to predict and guess, we are just some small retail investor, just read chart, set sl and tp, that's all.
Uncle already made money. Bought at 3. Also want to show his displeasure to management. Don't think money mean a lot to him when he can donate 50 mil to Penang Uni
Uncle koon also bought on april 2015 at around RM6.18 to RM6.27. Why he bought at that price? Because he think latitud is still cheap at RM6.xx. I dun care management support the price or not. The job for management is to manage the business not to goreng share.
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....
Lukesharewalker
6,535 posts
Posted by Lukesharewalker > 2015-11-05 17:01 | Report Abuse
Look how stingy the dividends is...you think got bonus?