Dear euclid, That sounds exactly like HOPE. It turns out to be 4 letter word in mkt. It is ok to hope but it has to be set at 1 time threshold. If that price action disappoints, SELL all very fast n relook later...
Known your Darvas box i.e. the floor n ceiling price. This case it closed 1st down floor 218 then next lower than 205 = Bad sign = Mata Lai choww = ran
The recent weakness in Padini’s share price is largely due to concerns with H&M’s entry to the Malaysian market. The surprise here is that H&M have priced their goods very competitively and this could pose a threat to established players. We argue that competition is not new to Padini and their larger store network is a competitive advantage here. At 11x FY13 PE trades at a discount to peers and a yield of 4.3% makes it compelling at these levels. We re-iterate our BUY call and RM2.83 target price.
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....
hooi
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Posted by hooi > 2012-10-16 16:22 | Report Abuse
Warren Buffett : It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.