Once Perisao finalise the % of ownership of FPSO, target price will upgrade again. Next week result will another push. Dont remember the rig project which complete in another 7 months, another push too.
The next immediate catalyst for Perisai would be the announcement of a new contract win for its new USD208mn jack-up rig which is targeted for delivery in July 2014.
Perisai is also a strong contender for marginal field Risk Service Contract (RSC) bids given that its fleet of assets comprises vessels that are widely used in marginal field. development, including FPSO, MOPU and OSVs.
RSI indicated overbought. Potential earnings not equal to actual earnings. Volume trending shows a sudden spike often in favor of "news" rather than actual representative. Speculators buying shares today are playing on the "lining of fire" here. Support level still holds at 1.07 with resistance at 1.13.
Hi sheila2, good point. Yes, if RSI continues to trend upwards.. Price will fluctuates up from 1.10 to 1.13. Speculators last week are holding on to their shares hoping for this upward fluctuation but if movement continues to slows down can result heavy selling between 1.10 to 1.12. Unless a spike occur, i sense anyone bought at 1.10 or 1.11 might be stuck to "hold" situation until next rally.
Bursabulltrader, 1.12 is a good sell and i assume u purchased it at last week pricing. Dont make haste move to buy simply because anyone is doing it. Stay calm and continue to focus not only market movement but pay specially close attention to perisai movement behavior as each industry has their own dance style.
isupertrader, mind sharing ur background with us? U sound an awful lot like my uncle..(sorry no offense); but in a good way like you been doing this for a long time....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tcleng
446 posts
Posted by tcleng > 2012-11-16 16:01 | Report Abuse
hopefully, next week more up up up to 1.20...