With average cost today with 1.50 and 1.54, average down cost, instead of incur loss, its high odds to reverse into gain if share price trade above back RM 1.60 :)
2006. Sabah plywood export is 1115 mil, vol 720,694 m3. Translate to RM1,548/per m3
There's no indication plywood price per m3 decline over the past 10 years. But actually increase as volume decrease. Otherwise the price is pretty stable. Growing CAGR 1.8% from 2006-2016. And if you notice, plywood in Sabah command a higher selling price to Peninsula and Sarawak.
hahaha, today batch cost is only 1.50 and another at 1.54, sold at 1.57, reap fast intraday profit first ma, then if on weakness again only have free capital to buyback again
teach will push down price, u check transaction in this early morning...they push down collect, and sell at high, then push down again...2morrow will be red again..wait 2morrow baru beli.
The operators are first push down the share price more than 10% to attract shorter term traders to get involved before having another round of selling pressure in another few days. This tactic is nothing new but it's an effective way to trap people who want to strike for short term gains.
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....
Up_down
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Posted by Up_down > 2016-11-22 10:39 | Report Abuse
Let's see how big players squeeze the retailers to face margin calls in next few days.