Current indicators showing +ve divergence sign. MACD, Price ROC, RSI also show improving buying strength since 0.68+/- lvl recently. If want to buy, set own entry price that suit own trading/investment risk plan.
So many investors of this stock really quite fed up with its price. Maybe the big player is testing the investors patience. I have observed this stocks for months and its definitely NOT suitable for trading. If you trade, high chance you will lose money.
calow1...tat looks like a good price. Agree with calow...there appear only one substantial rally after GE. After tat 1-2 day rally only. Let's see if the current one will last. Anybody knows what happen to the merger with the spore co??
Current player mostly small retailers... the buying and selling strength not consistent but influence much by market sentiments and world stock market especially US QE tapering issues and Syria WMD timeline.. last Friday US stock drop abt 150pts and as usual the small retailers will pull out 1st or go in just for contra play :D When market strong/bullish.. fitter will rally up back with big players going in.
Tat's why i am surprise people think it can go limit up !! One thing i can tell you the big player behind this counter are really kiasu one and unless you are willing to hold for long term, you can make better money elsewhere.
21/6/10 - 3/1/11 - 9/5/11 price breakout rallied from 0.40 - 0.70 - 1.15. 1/4/13 - 28/5/13 price breakout rallied from 0.56 till 0.855. From history price movement, Fitter stock moves up with big vol buying strength several times with newsplay support during breakout lasted abt 6 month and shortest in 2 months period. The smart big players/retailers that went in for high profits earlier whereas other small retailers who bought late and get stuck still have phobia /doubts about potential future price rallies till now :D
Hope you are right. Based on my experience, the big players are not willing to goreng this counter...they prefer to slowly accumulate at low prices. That's why this counter really test investors patience.
Wind of changes coming soon and its likely klse will turn bullish in coming weeks and early October. Some good vol accumulation/buying transaction today at Fitters. Watch for breakout. :D
Once the merger agreement signed its quite possible 2 move up > 0.80 sen ++. Fitter stock wil have better strength 2 move up further with support from strong big players. Hope there will be more newsplay on the coming merger updates and +ve news for fitters to boost its price.
9318 FITTERS FITTERS DIVERSIFIED BHD Notice of Shares Buy Back - Immediate Announcement
Date of Buy Back : 01/10/2013 Description of Shares Purchased : Ordinary Shares of RM0.50 each No. of Shares Purchased : 363,500 shares Minimum Price Paid For Each Share Purchased : RM 0.695 Maximum Price Paid For Each Share Purchased : RM 0.695 Total Consideration Paid : RM 253,666.19 No. of Shares Purchased Retained in Treasury : 363,500 shares No. of Shares Which Are Proposed To Be Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 16,161,536 shares Adjusted Issued Capital After Cancellation : 0 Date Lodged With Registrar of Company : Lodged By :
Remarks: Submitted By: Ng Yim Kong 01/10/2013 06:12 PM
Most of the time zzzzzzzzzzzzz only. Don't trade....invest only type of stock !!!! Read comments by those posting and you will get a picture what type of stock this is.
4u2c..not lousy mgt but kiasu majority shareholder lah. Even the new CFO beh tahan and have to leave within a year. However i think the support at 69-70cts level is quite strong. If you want to make money from this counter, you have to be patient like viper and accumulate slowly.
Agreed...that's about 2 year ago. They purposely push up the price on that day and have been in distribution mode since then. That why the price a bit difficult to go up. Fundamentally the stock is ok but price wise is disappointing.
Next coming news play will be the merger agreement end of Oct/Nov follow by financial qtr results in Nov. Most retailers n big players chasing GHLSYS today... :D
9318 FITTERS FITTERS DIVERSIFIED BHD Notice of Shares Buy Back by a Company pursuant to Form 28A
Date of Buy Back : 01/10/2013 No. of Shares Purchased : 363,500 shares Minimum Price Paid For Each Share Purchased : RM 0.695 Maximum Price Paid For Each Share Purchased : RM 0.695 Total Amount Paid For Shares Purchased : RM 253,666.19 Shares Were Purchased Through : Bursa Malaysia Securities Berhad No. of Shares Purchased Retained in Treasury : 363,500 shares Total No. of Shares Retained in Treasury : 16,161,536 shares No. of Shares Purchased Which Were Cancelled : 0 shares Total Issued Capital as Diminished : 0 Date Lodged With Registrar of Company : 09/10/2013 Lodged By : Strategy Corporate Secretariat Sdn. Bhd.
A lot penny stocks in my watchlish hot in actions today.. Sealink, Inari, PJDev, Cuscapi, GHLSYS, etcs... fun managers are coming back :D Soon Fitters will move up also.. its only matter of time.
It is still on track and the corporate exercise and the necessary ground work is currently in progress.
Regards, FITTERS Diversified Berhad T +(603) 6276 7155 | F +(603) 6276 7360 | E yfshin@fittersgroup.com | www.fittersgroup.com Wisma FITTERS, No. 1, Jalan Tembaga SD 5/2, Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia
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....
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Posted by user > 2013-09-20 11:33 | Report Abuse
Getting fit..... don't worry, previously not moving doesn't mean not going to move.....Fitters is getting fitter n fitter......