Can spend the weekend analysing this and the other counters which suffered significant drops. But Globetronics is the biggest story. Such a steep, almost continuous fall every trading day. Tempting to think the selling is overdone. But better to see the price action next week first.
Price will continue to drop to 2.00. Sell off first. Can buy Vivocom which is only 32 sen. Try to make back your losses from Vivocom. Target price is 67 sen. From CIMB and MIB.
I still firm my mind to wait for 2.9 to 3RM.. currently it still show downtrend.. and yes, don't try to against trend, unless u wish to keep for long term.
Any stock with serious downtrend will rebound b4 it slipped further down . For those who bought at that particular right timing is more advisable to lock in profits and buy back later for safety reasons . This is my personal opinion and just ignored if not applicable to people's with different directions . Cheers !
Sell, sell, sell. Save some capital to buy Vivocom @ 32.5 sen. The price will be 50 sen by year end 2016. At least recover your losses or even make some profit in Vivocom. Make an effort to find out more about Vivocom. You will not regret.
About SGB, i don't need to look at the profit. Just take the PA alone and the warrants..........both trading at big discount to the mother becos later all these are converted in the market will sell big time............mother price will on down trend in coming 3 weeks becos all those that converted will likely to sell down big time.
Those bought the PA and warrant at the peak can't sell now becos stucked and waiting for the conversion process.
So expect more selling pressure the coming 3 weeks.
It is gone case for SGB..............so do not touch it. Focus on other stocks.
In order to win the traders have faith in this counter, I think the management of the company should do the necessary action, such as company share buy back, to prevent the company share further drop.
Is tokokkk8888 in this forum. Tokokkk8888 went to Vivocom forum to ask people to buy Gtronic at 5.00. But I don't see tokokkk8888 here. Don't simply listen to people who ask you to buy any stock. Peek at his id if it is a new or old id.
Instafan88 your id look new. Why you join i3 only in Apr'16? Where were you before?
Posted by Instafan888 > Apr 30, 2016 01:08 PM | Report Abuse Is tokokkk8888 in this forum. Tokokkk8888 went to Vivocom forum to ask people to buy Gtronic at 5.00. But I don't see tokokkk8888 here. Don't simply listen to people who ask you to buy any stock. Peek at his id if it is a new or old id.
cheated, That is why I don't simply ask people to buy shares. My original id was Instafan registered much earlier or meaning Instaco fan. Instaco has since changed its name to Vivocom.
Anyone that comes out with fair value for this stock is nonsense as we have no idea how fundamental damage has been done. (So far we learned about last quarters results ONLY, we have no idea about the business changes). While the business has been affected, we shall wait to see management's adaption to the new climate (be it industry slow down or self-company model changes).
Note that as a value investor, one shall not hesitate to sell, regardless of price, when the stock's fundamental has deteriorated.
Note that as a value trader, there is no reason to trade this stock, no matter how the chart looks like when we know for a simple reason business is declining.
Don't think so for your support level mentioned. But is quite near as what I see. Now problem is, if this support can not hold a position, no enough resistance to support, it might go to 2.xx in crazy speed. U just need to have a preparation if it fall below 2.8rm.
Inari will be the next GTRONIC ? Drop in price ? As INARI result for quater 3 also will out around mid May 2016... As RM has strengthen and drop in sales demand (due to weak smart phone sales )
Gtronic play will be between 3.50 to 4, at the moment..only very panic situation will take the stock below 3.50.. anything below 3.50 is buying opportunity..
i respect hng33 n i hope is a big up tmr.bt hng33,pls be cautious.i think over tat ur sayin tat the selling pressure comes frm Tplayer....these words tempt me to buy BT,i am thinking someting else.btw,gud luck!
Change in Shareholding (Director) Date Name Remark 27/04/2016 MR NG KWENG CHONG Open market purchases via Glencare Sdn Bhd 22/04/2016 MR NG KWENG CHONG Open market purchases via Glencare Sdn Bhd 19/04/2016 MR NG KWENG CHONG Open market purchases via Glencare Sdn Bhd 14/04/2016 MR NG KWENG CHONG Open market purchases via Glencare Sdn Bhd 11/04/2016 MR NG KWENG CHONG Open market purchases via Glencare Sdn Bhd http://klse.i3investor.com/servlets/stk/annchdr/7022.jsp
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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....
hng33
20,492 posts
Posted by hng33 > 2016-04-29 16:55 | Report Abuse
Closed at RM 3.42....with hard rock bottom reach......