look at the trend and volume, it usually goes up fast and big volume in one or two days. Then, correction and stay for a long period till you are bored and sell.
Haha yea I also sold yesterday and just bought back again! Magni is a good company just need to constantly hop in and out to lower down the entry cost :) eventually sure it will rise with the strong fundamental of this company. Maybe a stock split or bonus coming? ;)
although VT keep releasing, magni keep going up...and in this 2 weeks, other export orientated companies share price also another wave up...these make me more confident that magni will soon catch up to the price of rm5.50 very soon! (pe only 11.5)
Aiya fortunebull, the chairman already said prlexus now already operating in full capacity. For this few quarter already foresee the quantity of order cannot increase anymore. Plus the share already up so much. Sudah mahal. The new factory for prlexus only operates in early 2016. All the future earning already price in. See PE 13.73 vs 9.45. Magni trading at 40percent discounted price from prlexus. U wan other people chase high la? Walao
A Review of Garment Manufacturers in Bursa : Jerasia RM1.11 ( PE 9.03) {IV RM 1.32} Magni RM 4.54 ( PE 9.45) { RM 5.49} Prolexus RM 2.83 ( PE 13.73) { RM 3.12}
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....
Wicked_wit
13 posts
Posted by Wicked_wit > 2015-07-20 20:05 | Report Abuse
My TP is RM4.7