My Trading Adventure

Stock Watch : AT (code : 0072)

CP TEH
Publish date: Sun, 15 May 2016, 01:55 PM
CP TEH
0 2,918
All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
Following Message



AT SYSTEMATIZATION BHD


Industry: Technology http://www.ate.com.my/

AT Systematization Berhad. The Group's principal activities are designing and manufacturing of industrial automation systems and machinery. Other activities include fabrication of industrial and engineering parts and investment holding. Operations are carried out in Malaysia and China.

Profit and Loss (P/L) : got to bursa to check on latest quarter reported ... a losing-money company 


Announcement : Reduction of par-value and right-issues 


With the two RED FLAGS ... AT is certainly carries a VERY high risk to buy at current "cheap" price of 0.055 (5.5cents). No fundamental to hold on to the stock!!

Technically, it is at low of 5.5cents, breaking this support level, we could see another selldown. 

In 2013 Sept-Oct, It shot up 200-300% for the pump ... only to be dumped in Nov-Dec 2013!! 


The daily chart speaks clearer ... not-liquid and lowering. 

It is just my advise NOT to bother in it at all. But ... if one bought at 10cents level (or higher), it is difficult to cut-loss ... but still a must if we are not to pump-in more money to go thru the rights or thinking of averaging down?! 

I have learnt many bad lessons ... into buying these 'bad' stocks, betting on the recovery??!!

So ... I am just sharing my past experiences in such stocks --- don't hope or expect recovery! 

Note : To Mr TLK ... it is up to your own decision if you are to cut-loss. Take it as a lesson ... and the lesson is to put CUT-LOSS to every stocks we are trading, especially 2016 onwards as we are heading to more ... uncertainties in stock-markets. Perhaps ... get out totally, learn about fundamental of companies, do learn technical analysis and also .. yes, PLAN our trades. Good luck. 

TEH
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Discussions
Be the first to like this. Showing 2 of 2 comments

Apollo Ang

in msia all pump and dump. not only 3rd liners,big cap stocks also like that

2016-05-15 22:23

Apollo Ang

penny stocks pump and dump by certain individuals,big cap by the govt and datuks

2016-05-15 22:25

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