Practice Makes Perfect

Kencana + SapuraCrest Merger Update (8-Sep-2011)

Chin Kok Tan
Publish date: Thu, 08 Sep 2011, 09:30 PM
Welcome to CK's Mergers & Acquisitions Theme Park - The BEST Has Yet to Come!





CK>> Great to see SapuraCrest rebounded at last two trading days and mange to maintain at above RM4.10 level today. Whoever grabbed it during last Friday dipped would probably see chances for exit (take profit) tomorrow or next week as Kencana is now offering better potential profit compared to SapuraCrest.

CK>> If Kencana down and SapuraCrest up tomorrow, it will offer me a great chance to exit and re-arrange my portfolio. A quick share on my accumulation at SapuraCrest on last Friday during share price dipped.







CK>> Technical analysis might not be useful anymore for those stocks pending on merger & acquisition activities. But I still prefer to look at it for better illustration on daily share price movement as well as its volume. Any share prices dipped below RM4 will trigger my alert to keep accumulating.
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