Graham's number = (Total equity/outstanding shares * eps * 22.5)^0.5 = (245078/288227 * 0.072* 22.5)^0.5 = 1.17 Current price 0.73 at least 20 sen gain. Quarter result expected to release next week. Expect more gain in EPS. Just price projection of mine based on formulas.
this counter slow moving....some trader go in go out at at 0.695 to 0.765 already make i.00..that is the problem..so for investor must be patient..hope be4 chinese neaw year can maqke it
Slow buying to avoid big seller roadblock. No new announcement of big shareholders buying to avoid big seller resurface Seller queues vol getting lesser and lesser. Set 4 stronger push soon. :D
must break 0.765...asorb all profit taker at 0765...must stay above 0.765..so be4 christmas can see 1.00 into 2014..not far away..dont let it to fall at 0.73 again...this is 6th or 7th attempt after breaking 0.825 recently
Accumulation getting stronger today AVG at 0.748, closing high at 0.755 back to recent strong support lvl On its way up again to retest resistance lvl at 0.77 - 0.78. If able to break with strong vol by the big players.. next lvl will be 0.80+.
very patient...u already make profit many times at 0.765 if u sell ..in n out..approaching 2014 break 0.85 n 2014 break 1.00...i confidence if not ...down 0.695 buy ..up to 0.76 sell...reach 0.85 too
Big players realized buyer queue increased back so let seller sell down to weaken 1st bfr push later on. One of the strategy can use is be buy more at low price & sell abit, .. keep some later when the strong high push come...so can maximize profit.
Set take profit abit during rise and buy back later when price drop b abit. Since Q3 result coming out soon, its quite volatile might miss good selling price if let go too fast. :D
This time? Its been working many times if u see my previous posting... Good money for those who buy and sell at the right timing price. Those who sked lose pants like u sure bite nail and smell smoke dust when price goin up. Now 0.76 $$$$ :D
I think Hairy knows that this is a good stock. Last time, he wanted to accumulate at cheap price, so he talked bad about it. Now, he got plenty of it, he wanted to sell, so he start to talk good about it....
Lol.. this is wat he wrote last time. Price already up from 0.60 since then till 0.77 recently and today 0.76 :D Now oni he keep ask dun contra, buy and hold.. LOL... hypocrite sia.
HC Lee :This is a really lousy stock for investor. Everytime there is a rally, the major shareholders will sell out and the price will drop. The major shareholders have been accumulating the stock for a long time ( see bursa malaysia change in shareholding )at around 60 cents. The rally never last for this counter. 29/07/2013 17:48
HC Lee: Miss the boat?? Buy more if you don't want to miss it. ... i think base on most forumer comments most are fed up with this stocks alreadi. 20/09/2013 10:52
HC Lee: So many investors of this stock really quite fed up with its price. Maybe the big player is testing the investors patience. I have observed this stocks for months and its definitely NOT suitable for trading. If you trade, high chance you will lose money. 22/09/2013 15:04
HC Lee: Watever it is...most important price has to go up. Then onli people will believe wat you say. 24/09/2013 10:52
Must be careful on some forumers who got motive or agenda behind...... anyway, time will tell.... but, hoping that kind of forumers not exist as it will cause life or death of others.....
Those who bought at high price sure hope the stock will catch up to their "high" price :D Those bought at low price just waiting to get more $$$$ when the stock move higher :D
Result out. Excellent result. 2x+ more profit from previous same qtr profit. Revenue, profits, earnings, nta all increased! Latest nta 0.8927 pe abt 5 only :D
Good growing profit and +ve news MOU signed with MOLECOR for new biz venture:
To market oriented PVC (PVC-O) pressure pipes manufactured using the MOLECOR TECHNOLOGY, know-how and intellectual property rights in Malaysia and other countries in South-East Asia i.e. Indonesia, Philippines, Singapore, Thailand, Brunei, Myanmar, Cambodia and Laos.
RATIONALE FOR THE MOU
FITTERS believes there is a significant potential for PVC-O pipes in the Malaysian market and, generally, in South East Asian countries and has decided to collaborate with MOLECOR as part of its diversification strategy to venture into the market of PVC pressure pipes in Malaysia and, progressively, in other South East Asian markets. In order to implement the Project, FITTERS has selected MOLECOR to form a partnership with Ricwil to procure the required expertise and technical knowledge in the manufacturing of PVC-O pipes using MELECOR TECHNOLOGY.
Previous price movement base on qtr result out day
Q1 result out on 27May13 evening 7.27pm, trading price same day up from 0.765 till high 0.81 close at 0.81. Next day on 28May13 open 0.82 high 0.855 close 0.83.
Q2 result out on 26Aug13 evening 5.55pm but trading price same day didn't chg much open 0.72, high 0.725, close at 0.72 - due to Syria tension.
Current good price movement after qtr result out example will be Inari. Inari qtr result out yesterday with excellent profit + dividen announcement, today its price went up from 1.52 till high close at 1.59, whereas its Inari-wa up from 1.12 high 1.19 close 1.17
Ppl already set auto queued selling much earlier. Sold some at 0.76 and 0.765 this morning. Good profit for Xmas and New Year :D Still have some leftover sell for CNY later.
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....
freonsf
645 posts
Posted by freonsf > 2013-11-18 10:55 | Report Abuse
can go in by current price? is it undervalue?