contra short term players are dumping dsonic again....

the PM is fighting fire at Trengganu, no time for all these since no timeline to announce it. political survival is his utmost priority

@askforwhy, their opinions are too late and no one is listening....the government wanted 4m cards to be delivered from now till july indicated they have decided what to do and is awaiting for the right time for announcement....my 2 sen worth....

@ equity...agree...the next quarter ended march 31 2014 should be out sometime end of this month, and if the expected positive momentum continues, this should be an added advantage to the stock price

Dsonic has a revenue of 260m and a net profit of 81m for the last 4 quarters...a growth stock with vast potential, and Bursa's curbing its share price by giving uma(s) and threat of designation is a real injustice to its shareholders.

Maybank and cimb pulling margin lines separately so as to force it 2 limit down is a mockery to free market play !

@wolf1....looks like you missed the boat at 3.26...base on the selling volume available...its dried out, and if the petrol card is ann tomorrow....3.26 will only be available in cyber space

@ askforwhy, good strategy, be patient and wait, Temporary, this counter is not meant for contra or short term trade ( 1-2 week )

The general market is heading south due to may and june effect, so dont expect too much, counter that buck the normal trend tend to attract unwarranted selling pressure, just hope that with more good news, players will hold instead of selling, and wait till later quarters when the quarter earnings will justify an uptrend.

@Hochimama, what appears to be distribution could be accumulation, we really can't tell unless we know who and what his/her holding changes over time.

So far, base on bursa's record, the major shareholders are not selling any of their stakes in a big way, if one were to trust that reporting, then again, there are ways they can circumvent that too.

As retailers, we can only rely on fundamentals and the bigger picture to gauge if the stock is worth the investment, and to make that decision is not easy if we want to get it right.

Base on forward PE, and the bright prospects of making more profits base on the business contracts awarded to them, dsonic should have a better valuations. Its uptrend was negated by certain quarters working hand in hand, though the retailers are also to be blamed for chasing its price upward to fast in too short a time.

Anyway...a consolidation phase is good...fluctuations within a tight range is fine, a slight downtrending is nothing to concern as weak holders will sell in such situation. The important issue is the fundamentals and the growth trend of dsonic must be there.

Ever wonder, for every seller there is a buyer...who is buying ? Some one is selling but the buyer is also very consistent. If this stock is not worth its value, it would have gone down much faster and lower already.

askforwhy ; no need to pull it up , let it be...the price will find its own equilibrium, and if its worth its value, it will bounce back

price stabilised, sellers are running out, those who bought are not for contra, couple with impending good news, this counter is in for a gradual uptrend

Consolidation phase for dsonic to go further and higher on the next leg.
Weak holders are weaned out and only those believe in the counter will stay.
The fundamental of the counter will propel it forward