if i didnt drop below 0.65 when close market mean it still in uptrend mode. it forming strong Support at moving average 50- days. I think today drop cos want wash out contra player and short term player. Hold as I believe it still have potential to go up . The graph show higher high and higher low from March 2013 until now. Resistance will be around 0.74. For those holding this stock, advise hold. for those planning to buy can wait two more days .
the trend in this counter same like lbs(initially 0.88 now 1.70 plus), get bunch of cash, nobody care for the moment coz everybody mostly short term, near d-day sky rocket
Diversification of business activities is part of the business plan for all public listed companies as an alternative to increase their revenue & margin.
to be on the safe side, suggest we don't touch the WA, as it will be expired in May 2014, I think it is also why the majority share holder dumped 7 million shares on last friday, it proved that he doesn't have confident that the share price will go up to 0.90 in the short term and also doesn't want to convert the warrant
WA expiry 8 months++ away is not an issue, price support level is not the question as well, but as days went by, this whole thing begin to look more like a TRAP
possible portion of the private placement were dump into market; and only the fellow dumping it knows when to stop, while retailers keep paying the bill
overall: don't buy at all until all the dust settle down
Fed will release the policy statement on 18/9 @ 2.00pm (USA time) & Malaysia time shall be 19/9 @2.00am. So on 19/9 (Thurs) is D-day for our KLCI trading day, if the news is unfavourable.
tapering might not be as bad as expected as per below bloomberg news
Analysts are trimming estimates for Fed tapering, with the median of 64 projections compiled by Bloomberg showing Treasury purchases may be cut to $40 billion from $45 billion, less than the $10 billion reduction predicted in a survey of economists Sept. 6.
Salcon may be a safer stock to consider even though it is the "rejected bride". It has disposed off its water assets in China for RM518.3 million (here). There is a potential for a special dividend. In addition, it is getting into property development game with Eddie Leong, an associate of Liew, probably leading the team. All in all, Salcon is a cheaper & smaller version of Focal.
I like the author commemnt that give high hope for salcon "Salcon may be a safer stock to consider even though it is the "rejected bride". It has disposed off its water assets in China for RM518.3 million (here). There is a potential for a special dividend. In addition, it is getting into property development game with Eddie Leong, an associate of Liew, probably leading the team. All in all, Salcon is a cheaper & smaller version of Focal."
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....
topseeker
222 posts
Posted by topseeker > 2013-09-17 15:41 | Report Abuse
if i didnt drop below 0.65 when close market mean it still in uptrend mode. it forming strong Support at moving average 50- days. I think today drop cos want wash out contra player and short term player. Hold as I believe it still have potential to go up . The graph show higher high and higher low from March 2013 until now. Resistance will be around 0.74. For those holding this stock, advise hold. for those planning to buy can wait two more days .