1.40 broken! 1.30 coming. these few days got some analysist report call buy this counter. Target from 1.7 to above 2. i urge retailers not to follow. they are making such report to con us to get it. looking at the price movement and volume, funding themselves also dont buy in.
if you bought recently then your price should not be too high. just set cut loss at your comfortable level. today market sentiment is good but yet this counter still like dead fish. this shows the weaknesses of this counter. no point to park the money here while other contrucstion counters rally like mad dog.
i thought it already got their opening done in last week? in fact, all the expectation on extra revenue and profit already factored into the price. share price is always well ahead of what is happening in near future. while market sentiment is good, the price still trending in red territoty. something not right. for those thinking to invest in this counter, better think twice. not a wise move to buy into it now.
as expected, today closed below 1.40. hopefully no one go and catch. it still has room to fall. everyday drop 1-2c. by this week shall see 1.35, which is a critical support. not encourage to buy in.
haha, 1.37. still got room to drop. lets see 1.30 in short term. this counter is not 'buyable' as all the good news have been reflected in price. we as retailers dont stuck our money in such a counter
no matter it is success or failure, all the effect is reflected in price. people is selling since no more +ve news can be expected. hence, i urge retailers not to be trapped. however, its PA is worth to take a look. the price movement is opposite to the mother shares. somebody is selling mother and buying PA
even the price now is 1.33, assuming it is paying 8sen dividend per year, it will give us 6.6% dividend yield.It is very strong company, superb, another gem. to me, it is even better than many blue chips counters which are full of debts.
I went to impression city show, the stage is really impress, can turn horizontal 360 degree one, a little dizzy, but performance normal... For this kind of show I believe most people only visit one time, very hard to imagine how to sustain for long term. Compare cinema out there can keep on attract loyal customers because new movies, but here is hard to has other kind of show, unless Yong Tai willing to turn the stage's big screen into 4D-5D cinema.
friend, price movement is everything. if investros really see it good, price will go up. but now i only see the mother drops every day. even boss said next year can give dividend, no one can tell how true is that. even if the boss really wants to do that, doesnt mean that it can actually happen. of course when it drops until a certain level, the value will emerge. before that, we as retailers better dont touch. we have limited bullet. we dont want stuck our money into a counter as the price doesnt move up.
it is not from PA to mother. they are exercising the warrant, yongtai-wa. as i said, they convert warrant into mother share, sell them in open market. and buy PA. those bought in wa at early stage they can do like that because they still gain in converting to mother. mother share now being thrown. so dont catch it.
now is at downtrend for a while . normally will goreng once collected enough from panic seller. see same in many counters. just need to follow the trend. remember buy low sell high.
mother shares keep being thrown. dont catch at this level. not the time yet. it might have short rebound once rsi is low enough. but it will eventually whack down further even below 1.20. i will try my luck at 1.10, if the company fundamental is still intact.
Hope no one get burn. I believe rsi today will at oversold. But still not encourage to go in at this level. It still has room to come down. I believe <1.20 is very likely to happen.
before this, many analyists still recommend a buy on yongtai. all these jokers just a group of heartless people conning the retailers to buy a free falling counter. they are deserved to be cursed into the hell.
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....
stockistlearner
903 posts
Posted by stockistlearner > 2018-07-12 11:29 | Report Abuse
1.40 broken! 1.30 coming.
these few days got some analysist report call buy this counter. Target from 1.7 to above 2. i urge retailers not to follow. they are making such report to con us to get it. looking at the price movement and volume, funding themselves also dont buy in.