3.00 TQ VERY v much , just offload little for almost 10% profit and improve cash flow , next week if 3.10-3.20 will off load the rest , loh ............ Or should I wait for 3.50 ???
Rohana said it was “quite upsetting” that some of Astro's employees who had taken loans to subscribe to Astro shares were faced with margin calls even as the stock traded below its IPO price.
“You want a work force to be motivated and be happy, so we stook a few steps, we spoke to the banks to provide indulgence (which will expire next month) but the reality is that this is no longer an issue. We re-focused the people and told them that we were in this together. Going forward, we will continue to create value.”
See how strong the psychological aspect is. Astro has come all the way from 2.60 but it can't break 3.00. Yet. This is a stiff resistance and there's the possibility it might slip a bit first. The weak holders will leave and Astro can form a new base to challenge 3.00 again. Don't know when that will happen. But I believe if it gets past 3.00, it will stay above that. The strong resistance now will turn into a strong support.
I don't think the GE would be too negative a factor for Astro though. Unlike with the counters that are perceived to be politically connected - MRCB, UEM Land, Gamuda, MMC and the likes. I'm trying to figure out how to benefit from the GE. We have to be opportunists:-)
The common wisdom and belief are these: "stocks will fall when news surfaces of an imminent dissolution of parliament and followed by the GE." Because "there's fear that the BN might not do well, resulting in political uncertainty." That's what most people and analysts seem to say. Might come to be true, might not. But if it does happen, wouldn't that be a good opportunity to buy at a cheaper price? However, that's only good if they would rebound later - will they?
At the moment I'm not buying too much - just waiting to sell what I already have when there's a profit. The reason is the same as what you had mentioned - about the GE spoiling things. Even if I were to buy, it's for the very short term. Would rather have the cash ready should there be "better opportunities" related to the GE.
Agree with MC, for GE just avoid GLC stock like MRCB, UEM Land, Gamuda, MMC, TM, AXIATA. Shift to investment profile by holding defensive stock like ASTRO, MAXIS, DIGI and property REIT (Sunreit, IGBREIT, PAVREIT).
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....
saufi74
804 posts
Posted by saufi74 > 2012-12-07 17:23 | Report Abuse
Bang teh..maybe their Tgt 3.20 above..i think maybe next week can go 3.10-15..but i''m still hold my 2.61-62...Cheers..