CIMB - Moving Real Fast

Posted by Su Jackie > 2012-03-15 13:19 | Report Abuse

At long last, the stress test for the bankers in USA turned up damn positive and they could withstand pressures from negative business environment. That's why, DOW steered up more than 200 points on Tuesday, up again on Wednesday and today the future trading for DOW is already rising green. As a result of good banking sector performance globally, this can be noted for CIMB today, climbing from a low of RM7.38 to RM7.48 at close 12.30 pm. The volume is huge and looks likely this trend will continue through the second half. Good chance for CIMB to reach RM7.55 soon. Don't miss the boat.

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5 comment(s). Last comment by Su Jackie 2012-03-16 00:57

Su Jackie

189 posts

Posted by Su Jackie > 2012-03-15 15:40 | Report Abuse

Now at 3.38 pm, CIMB is still pushing up and now reached 7.54. I have never seen this volume for a long time. No joke and we are not sure if the shares will still scale further to reach above TM7.60 !!! Must be EPF or foreign buying for the next leg up.

Wow Wow Wow.

Su Jackie

189 posts

Posted by Su Jackie > 2012-03-15 15:41 | Report Abuse

I am sure many of you out there have missed the boat. Should have followed my advice to jump in earlier. Please don't ask me what I am making now OK !

titus

4,159 posts

Posted by titus > 2012-03-15 23:15 | Report Abuse

Hi Su,

Wht your TP for CIMB? I have some in my portfolio. Planning to sell 1/2 to capture the profit 1st.

nasaie24

1,250 posts

Posted by nasaie24 > 2012-03-15 23:18 | Report Abuse

8.90. scared retailers will exit early

Su Jackie

189 posts

Posted by Su Jackie > 2012-03-16 00:57 | Report Abuse

Difficult to fix a target price. Today it closed high of RM7.57. Looks like Friday may be another good day for CIMB. I think it should scale to RM7.65. My advice is for you to be careful. If you have got some and have made really good margins, then what are you waiting for ? Sell all of them and buy me a cup of teh tarik. I am not sure what you need in terms of margin. Your expectation may be quite high.

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