Son should open higher maybe 0.525 today cause yesterday when mom Naik last minute..anak didn't Naik at all..so I forecast it might go up slightly higher when it open..see if it can hit RM0.550 today closing hehehe
mitra have strong contracts and imprving eps .. and good change to earn more projects and also compared to its peer like suncon.. this is undervalued...
Yes friend, I sold most of my anak shares as the price was rather high compare to mother which came down. However I still hold some mother share as well. I bought the son very very early in fact & the ups & down had been on for quite sometime when I didn't sell it...so yesterday the opportunity was there & I grab it. However, I did keep some token shares for future movements.
Yes, friend or sister melovesony03, I am selling most of the anak too to reinvest in plantation counter shares NOW like Rsawit & TDM because of the EL NINO effect when the price of CPO will shoot sky high and plantation profits will increase too....so share price will go up too. Immediate TP of Rsawit is 62 cents. Though it's a money losing company but the prospects are there and it's the cheapest plantation stock around.
Also the Mitra son's profit is pour into GOB a good developer and even comparable to Malton & Huayang.....even PAVILION REIT is buying a mall from this mid-capital company GOB, so big company is buying property from a mid-cap developer, what does that tell you?...so want to join in the fun with me...good luck then.btw TP for GOB is around 65 cents.......and they will be a Bullish Triangle Breakout after the recent consolidation period.
Also I am reinvesting my Mitra son's profit in long forgotten SENDAI with an upside of 30% { TP 89 to 95 cents]...yes, I sold off Mitra son to buy SENDAI too....hoping for more good profits, hihihi
Posted by melovesony03 > Apr 8, 2016 07:16 AM | Report Abuse
Bro thanks sharing some other company news Hehehe..appreciated!
Friend or sister melovesony03, you are most welcome, after all we are all here to help out each other to make money & not to lose it. But please be very careful here as there are syndicate members who are out to con and make a killing....the safest way to buy a counter is to make some digging into it's details before you make your decision. Also don't take my words for granted but you have to do some reading from other sources before you decide to take the plunge.
Remember to trust NO ONE BUT YOURSELF as this world is a "dog eat dog" world.
Currently its quite a tricky situation to determine the price direction as it is trending close to a flat line. This movement may breakout instantaneously or can drag on for 6 more trading days at the most provided it stays above 1.23 during this time frame. In short, price can breakout above 1.28 within 6 trading days from now if it fulfils the condition.
Another point to take note: from the 3rd. trading onwards, the closing must not close below 1.24 and 1.25 when approaching the 5th. to 6th. day. If it fails to do that, it may prolong the time to rise. This could be necessary if they wanted to make an announcement prior to the breakout. Just monitor the price movement closely.
MITRAJAYA HOLDINGS BERHAD ("MHB" or "the Company") Proposed Renewal of Authority for the Company to Purchase its Own Shares of up to 10% of the Issued and Paid-Up Share Capital ("Proposed Renewal of Share Buy-Back")
If price go up too fast, eventually will drop back fast also coz profit taking .... price shld go up slow & steady, about 3 cents a week is ideal to reduce profit taking by contra players ....
It only managed to hit 1.31 resistance level ing in between 1.316. Today is considered a valid breakout closing at 1.29. Better days in the coming future.
It has finally broken out from its immediate resistance 1.28 thus removing any speculation of the direction. This will be the last write out for Mitra.
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....
bearbear11
241 posts
Posted by bearbear11 > 2016-04-06 16:56 | Report Abuse
What happen to Mitra, so high buyer suddenly???