What surprises is with such so call excellent Company profile & image the Company proclaim itself, why is the Management not taking steps to take corrective action ? AK is going to allow it decline further ?
just wait new lowest again and buy in on averaging method~ i think if they got good or bad news they still will push down da price then up again...~if shown huge vol in low price and surge upward then is good, usually this kind of counter very tricky 1...take lot of time ~
If one really doesn't have any other counter to speculate on, might be worth taking a risk with. It has gone down so much and the downside risk is probably very limited. The only concern is that a major shareholder might suddenly unload his shares on the open market (an indication he knows something negative is coming). Based on previous performance, Sendai is known to suddenly come to life and giving the bold speculator an attractive-enough profit margin.
Agree with MatCendana. Due to the *possibly* limited downside, this counter is quite interesting. I'm also monitoring sendai. But to go in now is too much of a risk for a newbie investor like myself. Thus, I opt to monitor and learn for now.
jester, that's a wise thing to do - monitor and observe counters, and hopefully learn something from its coming movements. Make an opinion of how it might go based on fundamentals, charts etc. and see how it really goes. Won't make or lose any real money from doing this, of course. But the more important thing is in the self-education and experience gained which will be very useful in future trades which involve real money.
I've also learned something last month; from monitoring Digi. Based on the charts, had felt confident it had strong support at the 2.60 level (had held a few times), downside risk was limited and it might be worth buying and waiting for although I didn't expect it to suddenly go up so soon. The lesson for me is this: if I can afford to wait, buying counters at proven support levels wouldn't be a bad idea. (In Sendai's case, I don't know what this level is)
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....
Teh_Invest
475 posts
Posted by Teh_Invest > 2014-03-05 17:23 | Report Abuse
still 11 lor.. you bought more?