9696...i believe the uptrend starts tomorrow. I was shocked to see the financial results out in the afternoon. Normally after office hours. Tomolo buy on strength!
the recent fitch downgrading worries me. USDMYR has traded higher as money manager is exiting Malaysia Government Securities with 10 year bond traded above 4%. S&P will be in town in Sept 2013 for an economic review.
With this situation, I have reduced 50% of redtone today and look to trade short term 80-85 range with 1st stoploss at 76 and another stoploss at 72. Punters have to be careful, i advise players to have sufficient funds to take up rather than jobbing.
Ultimately i am comfortable with redtone to target but not the market. FOMC tonight, market will scrutinise Mr Ben's statement for any hint of early termination of monetary policy easing measures. Good Luck all
air01557 This post has been reported as Abuse and has been removed. Please refer to Community Standards for acceptable content. Further abusive act may result in the user being banned from the portal. 31/07/2013 19:55
willing buyer willing seller, makan cili rasa pedas. everyone has their point of view and differences and that forms The Market. Embrace the commonality, Respect the differences.No one should force their belief or views upon anyone. I must say that this forum is getting overly entertaining
"Lau said the company was optimistic its growth uptrend will continue as it has secured numerous major data and broadband projects that will provide sustainable recurring income."
" makan cili rasa pedas. everyone has their point of view and differences and that forms The Market. Embrace the commonality, Respect the differences.No one should force their belief or views upon anyone."
well said coconut888, well said! thumb up!
about yr worry above, juz to add that qe will only scale back n satisfy economic growth. this means it's actually a right thing. yes, no surprise during transition v can expect volatile but unlikely disaster as 2009. note u.s recovery will definitely benefit our economy.
redtone biz beside china ops (still small though) is highly resilient to external factor
Out of 15M profit declared, 11.7M was actually write back of expenses declared in the last quarter, hence actual increase not as fantastic as it may seem. But at PE ratio of 5 plus it is still a good buy for long term. The short term scenario does not look good with the Fitch downgrade. Selling 50% as COCONUT did may be a good option.
look at the MAD fellow jimmy2u posting yesterday "PBT rockets 1,043pc" he does not know the difference between actual operating profit, writeback, unusual gain etc. That is why he is a RETARD.
I already sold all yesterday, now queueing 2 buy back. Yesterday if bought at 0.22 can sell again this morning at 0.83. Seems like theres some players trying hard to support the price above 80 sen. Last 2 days drop till 0.785 and bounce up back above 0.80sen.
Posted by air01557 > Aug 1, 2013 09:58 AM | Report Abuse
look at the MAD fellow jimmy2u posting yesterday "PBT rockets 1,043pc" he does not know the difference between actual operating profit, writeback, unusual gain etc. That is why he is a RETARD.
Heavy seller queues and less buyer queues. Hard 2 move unless big players come and clear the road block. Dividen proposed, still waiting for confirmation and the ex-date.
if u believe redtone profit live on cash adjustment, writeback, unusual gain etc, 1.5c div smaller than peanut, then u should IMMEDIATELY SELL now, what r u waiting for? LOL
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Posted by moneyking96 > 2013-07-31 17:13 | Report Abuse
Dividen announcement out?