Price move/gap up depends on the big players direction to increase their shareholding value as per company biz growth and also 2 attract more buyers to sustain the share price base on current market value.
If depends on retailers only... price will go down only most of the time coz they alwys want to buy cheap. Whereas some small retailers enter usually at the right "high" entry base on their own risk appetite but it might turn out to be low price when price move higher later on.
Fitters Diversified may continue higher after gapping higher this morning. Purchase can be made if it stays above MYR0.75, with a close below MYR0.74 as stop loss. Price target is MYR0.825, if the MYR0.80 resistance is broken. Failure to stay above MYR0.75 could see the stock trade sideways and further support is at MYR0.70.
androsjy...if you look at the chart of fitter, most of the gap up are to entice people to buy. Almost all the time, the price goes down the following day. Don't be caught.....play to hold, do not contra. Once you bite the bait, the price will go down. Many times already.
Even US yesterday down -152 pts, Fitters still can open gap up 2 price lvl and move till 0.77 just in 7 mins after trading start. From 2day strong buying pattern and currently cleared 0.76 big block, its highly possible heading towards 0.78 - 0.80 in short term period. Those who entered earlier around 0.70+/- & 0.75+/- can expect more profit coming. Good luck. :D
the problems wit petty traders small investors is sometimes seeing penny stocks below 0.30 cents..up so much..we feel down when this stok we hold for few years or months up little bit or down little more..however gud investors knows what counters he is investing..time will come when fitters break 1.00 like few years ago..be patient..patient is bitter..hepi weekend
Ya.. a lot penny/warrant stock run up fast like black horse in just few weeks/months time. Inari-wa, pj-dev-wc, GHLSYS, etc. Fund managers and big players bought in big vol. Fitters potential target because of its low PE and good financial records. After consolidating abt 3 - 6 mths its about time to MOVE higher retest and hopefully break new high :D
US DJ up 167 pts, next week expecting more exciting play for Fitters :D. Since Fitter already start moving from 0.70 to current new support lvl at 0.755/0.76, the big shareholders/players will try 2 break as much buyer queues as possible before set another new higher support price lvl 4 the coming Q3 financial result.
must break 1.00 be4 christmas ..seeing the pattern ..the price is being controlled from one level to the next..wit no rushing.. supposed to be above 0.90 already...keep in the fitting room for christmas or chinese new year..sure happen
If refer to previous Fitters historical chart price movement for opening with price jump, and follow with burst of buying up rally. 3/5/13(Fri) close 0.59 , 6/5/13(Mon) open 0.60 - up 2x queue price lvl, close at 0.63 17/5/13(Fri) close 0.775, 20/5/13 (Mon) open 0.79 - up 3x queue price lvl, close at 0.825
This price jump during opening reoccurs back last week. 7/11/13 (Thurs) close 0.73, 8/11/13(Fri) open 0.74 - up 2x queue price lvl , close at 0.755
Reminders to newbies...don't play contra for this stock, the sharks will trap you. You shd invest for medium/long term and the profit will come naturally. This my experience and wud be happy to share with forumers.
This stock is not for contra but mid to long term very promising. Keep your tickets & acquire whenever possible. Now the market's focus is on stocks with price lower than RM1,with strong fundamental and low PE. Example: Fitters, Homeritz, Fibon & Gunung. All trying to break their new high.
All counters are good, so long as it gives investment returns. Again, always trade within his/her mean. For this stock TP is 0.83 to 0.85(Agreed to Disagree).
This counter giving good returns so far but not much big players join in the fun yet so creeping up and accumulate slowly to avoid ppl eat its cakes, unlike my other favourites counters like TGOFFS and Sona-WA...big players sapued like hot cakes recently n shoot up abt 10-15% easily. Hope Fitters will shoot up fast soon :D
Accumulation can be seen from 0.745 - 0.77 since last friday till today. AvG positioning at 0.76. Today closing with low vol (abt 10% from total vol traded in last friday and this week mon), shake off contra players & some profit taking. Party not yet start coz big players havent break 0.78 - 0.80 :D
Contra kakis will look for stock with high vol and big transactions value. Fitters more for fundamental and growth, if enter/exit at the right time can make good profit also.
agreed...fitters for fitting room..wait for christmas or chinese new year...for short play..buy 0.695 sell 0.745..do it many times ...that also must hold
alkop i bought at 73...loss 1 ct.Holding 3 mths already...Good stk but turtle movement....will catch at 0695 and then sell all at 0745 including what im holding at 73. going for better growth shares..
agreed...want to sell at 0.76..scared after that shoot to 0.85 cents like insas ta n fibon...want to buy at 0.695 swome other counters offers better discount..so keep it fo appreciate the real value..can go up fast but this stok ada regulator ...so be patient laah .. unless ada tip bagusbagus bolelah letgo first...really want fast money let it drop to 0.63..so please dont
Again, i repeat. Any newbie buying fitter...do not play contra. The shark will make sure you lose. Invest for at least a few weeks minimum ( unless price spike up very much suddenly ) and then you might reap the reward.
The pushing strategy doesn't work well coz not much big players join to buy.a lot seller block the price from goin up and sell down. Chging strategy to let the seller sell 1st and wait 4 lesser queue sell vol for later push actions. Resistance at 0.76/0.74 support at 0.72/0.71 and 0.68.
Agree with HC Lee, this stock also have buy n sell back it own share all the while if check back their history. Don't play contra if wish this stock goes up. Onces upon a time, a landlord watching their worker in their farm, any worker attempt to eat their fruit before harvest , landlord will make them down until one day landlord realize all worker are in good behavior and fruit getting mutual to harvest then all of them include worker can have good return.~ have fun :)
Yes...everybody keep. I have a lot of experience with this stock and i basically know the shark style of playing the counter. That's why i keep warning newbie to not play contra.
Lol.. haf lots of experience with this stock? Ppl are interested with current price movement trend not ur previous selling/holding pants/underwear experiences. Btw.. some buyers continue accumulating today.. Buy/sell based on calculated risk and profit.
Dun think you understood the message. At least i don't hoodwink newbies like you do. Look likes you are only rooted to fitter like being paid by fitter to write good stuff. Am i right? lol
U can read back wat u wrote since last time when Fitters trading/hovering around 0.68-0.70 price range. U alwys gave -ve comments as though u lost ur underwear big time many many times! Even when price moved up till 0.79 previously and recently till 0.77, u also keep harp -ve stuff abt shark trapping newbies.
Eat rice but don't know rice expensive? Stock move up and down based on big buying movement and profit taking. Its how the investors/traders identify and take action on trend, news and market strength to make money. If u lack of the skill to identify this opportunity and miss chance to take profit tats too bad coz u r just out of the big players league.
U can read my previous posting how I make profit from this stock. Profit? Sure good money. Bought Fitters early Aug abt 0.71 & 0.72, sold some mid Aug at 0.78. Bought back Fitters 30/8/13 at 0.685, 20/9/13 at 0.725, 25/9/13 at 0.72, 26/9/13 at 0.705 Sold 20/9/13 at 0.71, 29/9/13 at 0.73. Bought back 4/10/13 at 0.695, 29/10/13 at 0.695 Sold 23/10/13 at 0.71, 31/10/13 at 0.74 Still have some AVG abt xxxx, do the maths and its still in good unrealize profit.
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....
viper88
1,798 posts
Posted by viper88 > 2013-11-08 11:36 | Report Abuse
Price move/gap up depends on the big players direction to increase their shareholding value as per company biz growth and also 2 attract more buyers to sustain the share price base on current market value.
If depends on retailers only... price will go down only most of the time coz they alwys want to buy cheap. Whereas some small retailers enter usually at the right "high" entry base on their own risk appetite but it might turn out to be low price when price move higher later on.