Random Trading
Olympia - 2nd Wave in the making!
Random Trading
Publish date: Wed, 27 Aug 2014, 08:39 PM
Random Trading
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Too dumb to be an expert, too green to called a veteran and certainly not an insider. what's left..... RANDOM!
Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision.
Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision.
Chart : Olympia daily chart as of Aug 27 2014 (source: ChartNexus)
Olympia Industries today saw its share price rose 3.5 sen or 20% from its previous day close to closed at 21 sen with some 56 Million shares traded. The sharp rise in share price couple with the spike in volume could be the signal of the start of the 2nd Wave. So far there is nothing change in term of fundamental of the company other than a revaluation gain of RM 430,304 from the revaluation exercise. Personally I don't think it is worth mentioned at all base on the amount of just RM 430k. Thus always trades with extreme cautious when comes to stocks without sound fundamental background.
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Discussions
1 person likes this. Showing 4 of 4 comments
Hi connie, glad to hear that. Market is quite haywire these days so hope that everyone is doing ok. Did heard that some people got burnt on the Aug 20 meltdown, just hope that everyone here still intact and fight for another day. Personally I feels that Suma and PDZ are very risky these days, not really feeling good about them. Don't know how to explain, just a feeling I guess. Hope that I'm wrong for the sake of those still in it. Happy trading!
2014-08-27 20:55
oh yes rt .. market has been so unpredictable :( and i have not been following up on sumatec and pdz already ! hope all traders have a trading plan and hence not trapped at high price ... have been very excited over fitters the past few days :) u too rt trade happily .. merrily ... and gayly !!
2014-08-27 21:21
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connie
always enjoy reading your posting :)
2014-08-27 20:44