Am I looking in different movement? I don't see very good support and its obviously a downtrend from RM2.20 to now RM1.91.

If thats call good support, I cant find any other bad support.

The movement is like 1 day down 4-5 cents and then someone push 1 or 2 cents back, so everyday will down for 2-4 cents. Well controlled.

And how did you come out and saying good news? hmmm.... where is the indication...

just need to be cautious. it might further go down. happy investing.

be cautious. it might further go down. happy investing.

so cuncun, what's your thought since you purposely created this account for this reply? or just another that saying merger or take over, or your remisier telling you to buy before late?

I dont see any reversal sign yet at least and in fact its already dropped for about 20%. Good price to enter but buy at your own risk, no one guarantee anything.

In fact I top up a bit at 2.05 today. See if can collect bit more tomorrow, if continue downtrend :)
When a good company sells at discounted price, it always indicate a buy.

The trading price range is huge recently. Its too volatile compared to the nature of defensive stock. A bit sad of recent opening price after quarter report, and its report is actually not that bad.

Thanks for those picking up my lots, sold mine this morning with average price of RM2.41. Earn RM600 pocket money. Will collect AA again in future in case any of price correction.
Thanks all for AA supporter, all the best.

@HowIn please proceed with goreng. There are few different types of investors, the fundamental and the technical, and some categorized under pure luck.

If your 'AA no hope' statement is just came from the reason 'many investor go goreng penny stock', sorry but you cant convince anyone of us here.

Cheers.

Regards,
thinkbig

Give up. Really felt disappointed. will think see if I have to let go, i still have about 5-6% profit at current price, it shouldve go higher, since it doesnt, i have to move on.

Sad price, its still not good enough for me to sell off my stake.

mostly gain from foreign exchange. and its still a gain.
as AA is a company highly impacted by currency, thats explained drop in last year

Have faith. Go and have a good dinner, see you all here at 9.15am!

eps 13 cents, profit 6 folds. i hope AA can reach to RM2.60 by tomorrow.
Peoples cash out from small cap stock and tmr is AA day.

Released.
367,155 vs 58,348! Good job AA & TF!

It will be good, dont ask me why, at least 20% improvement compared to same quarter last year.
Lets see, based on the fact of load factor.

wonder why volume suddenly spike up in the 2nd half today, but price doesn't move upward. Internal activity?

All the best guys, 20th for the report. Prepare for some exciting rally on Monday & Tuesday before the quarter report released.

Hope for the best, prepare for the worst :)

Good luck to all!

@Ella Chenpg Hmmm, sorry if I ask: Why cut loss at this point when the quarter report just around the corner, especially you already hold for 3 months?

In fact the current support point for the share is no longer RM2.20 and its RM2.35-2.36, and still stands strong after so many incidents recently.

I suppose you have a better stock to invest in so you made the decision to out from AA plane, wish you all the best and good luck :)


To all, I'm holding it tight till it reaches RM2.60-RM2.80 range at least since we already went through so many rounds of up & down, see you all there.


Regards,
thinkbig

Still holding, after so many rounds of selling pressure, we are still holding strong!
The rest of the investors here are the faithful investor, Tony please show your appreciation to them..

After 2 weeks of price stabilization, I believe those on board now are patient investor. Price is still within 2.4-2.45, at least a good sign for me. I am waiting patiently for the breakout and collect more if drop :)

First bought at 2.25 and average up at 2.40. I'm waiting to top up again at 2.40 if it drops few cents.

See you all at 2.60-2.70 range in next few weeks.

Cheers and have fun investing!

Overall market sentiment is bad in the past few weeks. MH17 incident, cash out due to raya, unstable foreign market (as part of AA holds by foreign fund), we can see a few times of sudden drop in the past 1 month:

1. Drop to 2.20 due to selling by Wellington
2. Climb back to 2.34 and eventually dropped back to 2.26 due to selling by Wellington again
3. Try to break 2.35 and finally hit 2.39 before raya
4. Panic selling again (2.39 -> 2.34) due to MH17 incident
5. AA back on track and break 1m volume block in 2.40 and staying at 2.40-2.45 range before raya

We can observe from the announcement both EPF and Wellington were buying on 23rd, 24th and 25th July (total volume > 4m, buying price between 2.34 - 2.4)

6. Someone put a huge block of 2.5m volume at 2.45.
7. AA can't break this block yet and drop to 2.40 now due to Dow Jones effect


If we try to summarize the whole story, we can observe that AA is actually holding strong after few incidents and climbing back from 2.2 to 2.4 in a month time. I can foresee brighter side of AA in the next 5 months before year end due to following factors:

1. Q2 report will be good (2013 is not a really good year for AA, but no doubt for 2014 as shown in Q1 report, I expect at least 20% growth of profit compared to same period last year)

2. Share buy back plan (TF havent kick starts the buy back plan, and he still have 5 months to go, maybe he will announce something in the coming report)

3. Interest is still not that high among retail investors yet, as we can see fluctuation in the volume, but smart fund is collecting, once it breach RM2.45, we will see AA at RM2.60.

4. Stabilization of AA business after few expansion and TF have time to focus back to AA after busy with AAX last year.

5. AA continue to be the best low cost airlines this year


Checking on the bad factors:
1. Foreign market isnt stable at the moment which will impact AA
2. Many incidents for airline industry these year



To conclude, upside potential for AA is more than downside, and I believe AA will touch RM2.60 by this month, and 2.80 by end of year. I will top up more if AA back to RM 2.20 before touch RM 2.60, touch wood..


At the point of writing, I'm holding AA shares for average price of RM2.30.


Cheers and good luck investing!

this stock already reached to limit and on downtrend now, don't burn your hard earned money. look for other stock

DIGI confirmed not the buyer!!

but @erkongseng, its already up for about 100%, still safe?

will close at @0.53, pick up some if you want to.

it will drop slightly more in the afternoon, you can pickup if you want.

I kiasi liao, wait fall back first...

just accumulate if you confident enough and have spare money. its just matter of time for mkland to fly, but problem is no one knows when.

new supporting price at 0.36, and its maintained almost a month already, so should be less risky. should be ok if you target for long term.

so manipulation indicates good or bad in this round?

hahahahaha 21m.. LOL iafx

How nice if gp can shoot up to 6.20, think too much @masternol... unless there's a good news/announcement :)

thanks @AsiaWarrenBuffett, great advise and lesson learnt :)

@yusriy69: any recommendation for other stocks to watch?

@EVEL, i don't have news lar.. but the announcement yet to be made, the stock still not end yet, it will either go back to 0.3x or it will shoot up to 0.8, it will not stay at 0.5x for long

the game not over yet :)

12m volume in 1st hour.....

@kl1808. If 0.055 we all lineup at klcc highest floor already

0.52 lol

have to agree with you @kingofstock, last show, stay tune at 2.30pm-5pm

bigshark selling to panic ppls and buy below their selling price, always like that
depends on how much risk you willing to take, i'm only average risk taker, so sell half first hahahaha

but someone keep eating the share, I queue to sell not even reaching 30s already done selling. macam fast food restaurant. buy and go.

agreed with crist, but also need to be a wise man, i sold 60% of my holdings to cut loss, still hold another 40% for the news! :) cheer, i'm ready to lose when first enter.
contra player die 99..

more than 3m queued at 0.525, shit man, dilemma!

cannot tahan already, loss more than 10%. decided to sell some, just hold little for faith

time to run?

Die die ready bullet to pick up at 0.5. Hahahahahahaha

It is possible to reach 0.50 today if the trend continue after lunch time

Gpacket - one of the most interesting stocks in KLSE this year. :). Too bad I don't have extra bullet to lower down my buying price..

I also panic, so not going to do anything with my current holdings :)