Practice Makes Perfect

Eng Teknologi Privatisation - Emhhh... Good BUY?

Chin Kok Tan
Publish date: Wed, 14 Sep 2011, 09:38 PM
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Data:
Today price: RM 2.14
Takeover price: RM 2.50
Potential Gain: RM 0.36 (or ~ 17%)

CK>> What's wrong with ENG today? A sudden drop, which is unlikely happened to a company who is pending for privatisation exercise. Erm...

Two possibilities:
(1) Someone had loss patience, afraid and worry about global stock markets. So sell it off to buyer at low price. Hence, other investors panic when see it drops, so they also follow, sell it off. Panic selling was created in ENG, so share price dip to 2.14???

(2) Bad news in privatisation talks and process? I really don't know as I have no insider news. Erm... But hor~ not possible lo, volume so little (although the highest in these few days, but in overall, still very little lo~). If really bad news, volume should be as big as those volume you seen in mid of July-2011.



CK>> So, in conclusion, BUY!!!!!!!!!!!!!!!!!!!!!!!!!!! ACCUMULATE!!!!!!!!!!!!!!!!!! Erm... Why I bought at 2.19 & 2.16, not 2.14??? Haha, I really don't know, auto queue, QTD transaction.

If privatisation exercise is success, it will be my next year bonus lo~ Accumulate and hold it tight tight tight tight!!!!! But hor, don't follow me. Do you own judgement~ :)
Discussions
Be the first to like this. Showing 2 of 2 comments

jeff7839

Agree. Should be a good stock to hold with patience.

2011-09-15 00:01

stephenlee

Maybe the privatisation called off?

2011-09-15 18:03

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