If I were you, I won't touch it at this moment, rather miss it than sorry. Cheap always can be cheaper. Many retailers are trapped in it and still many out there want to jump in. I rather stay aside
haha...at this price, many ppl who buy end of last year before bonus issue still earning the money...That's the reason price keep dropping as many ppls still earning and just took profit... I think price will consolidate around 1.0-1.2 then only stable and ppl collect it back
harryp, you are wrong..local fund also trimming their share recently due to many retailer cash out money from fund....teoseng has been sacrificed since local fund still earning here...this is insider news from my friend who works in related fund investment industry.
if you got holding power...can just buy to average down for long term.. yea, fundamental is there, it is not a penny stock...management is good.. but for those wish to play short term, please don't play as you wouldn't benefit from it, and end up you have to sell it to cut lost only... if you can wait 2 years++, now can start accumulate if you cannot hold more than 2 years, please stay away...
sell or hold or buy...just decide yourself...:-) stock is for long term, scold also useless... if want short term, please go to those penny stock play..
please look at the historical chart..for last 1 year, how many this stock has rise? if you bought it last year, you are still earning money.. the rise of price since last year is due to local fund buying.. now market is bad, many retailers are cashing out from fund, so fund managers have to sell out their holdings to return back money lor.. just like profit taking for them lor...so is normal behaviour..if you are fund manager, you are forced to sell out some stock to get back money, surely you will choose teoseng as you still earning handsome profit here ..
so if you can hold, just dont scare... when market bull is back, retailer pump back money into local fund, local fund might enter back this counter if and only if the quarter report meet their expectation =X
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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....
goldenluck16
1,956 posts
Posted by goldenluck16 > 2015-07-05 15:05 | Report Abuse
Accumulate...price below 1.45 is worth to buy. Long term trend is always positive for Teoseng.