Posted by reyes430 > 2012-12-12 15:10 | Report Abuse

Hi excelyou, can you please explain more on your assumptions? Thanks

Posted by New Insight Sabah > 2012-12-12 15:13 | Report Abuse

I don't really know. First there's a big white candle above the 20SMA and 12 and 25 EMA. MACD converging on signal line. Histogram above slightly above nought. %k above 80. RSI touches 50.%R at -11.1

PS: never good at reading charts.

Posted by reyes430 > 2012-12-12 15:14 | Report Abuse

Overall its a uptrend now. Buying in a uptrend is a good decision! hahaha

Posted by excelyou > 2012-12-12 15:14 | Report Abuse

10% private placement will issue soon and it is based on the last 5 days average price. Would you think the Company would like to issue a higher price or lower price?

Posted by excelyou > 2012-12-12 15:15 | Report Abuse

Unless the market not permit the Company to do so. Then too bad.

Posted by reyes430 > 2012-12-12 15:16 | Report Abuse

Great analysis excelyou! Thanks!

Posted by minitrader > 2012-12-12 15:24 | Report Abuse

Posted by excelyou > Dec 12, 2012 03:14 PM | Report Abuse

10% private placement will issue soon and it is based on the last 5 days average price. Would you think the Company would like to issue a higher price or lower price?
..........................................

surely higher la bro..so, they'd push up the price leh...

Posted by New Insight Sabah > 2012-12-12 15:59 | Report Abuse

Not to mention that price is supported by very good volume.

Posted by New Insight Sabah > 2012-12-12 16:01 | Report Abuse

It will depend on which five days' prices are averaged. And it could be higher or lower than 1.13. Price is now stuck here.

Posted by minitrader > 2012-12-12 16:27 | Report Abuse

:)...all the way up...

Posted by excelyou > 2012-12-12 16:30 | Report Abuse

Perisai issue RM1.10 to acquire FPSO. Perisai might also want their 10% PP at RM1.10, thus last 5 days averaged price should be around 1.23 above before discount.

Posted by excelyou > 2012-12-12 16:32 | Report Abuse

Clear all the selling queue, let the counter sail above RM1.20

Posted by minitrader > 2012-12-12 16:55 | Report Abuse

:) smile...O&G counters made our day...

Posted by Matsaham Mashuk > 2012-12-12 17:05 | Report Abuse

nice--)uptrend.price up..smile--)

Posted by New Insight Sabah > 2012-12-12 17:09 | Report Abuse

So far so good.

Posted by minitrader > 2012-12-12 17:14 | Report Abuse

Hope it'll break the previous high of 1.17, which is the next resistance. If it can, then it'll head north to above 1.20.

Posted by martiniclub7 > 2012-12-12 17:32 | Report Abuse

i think it'll b tough to break the resistance..

Posted by minitrader > 2012-12-12 17:41 | Report Abuse

Not tomorrow though. But if mkt persists to be bouyant, 1.17 is achievable within the next few trading sessions.

Posted by cwkhor > 2012-12-12 18:30 | Report Abuse

but then why the big share holders are disposing recently?

Posted by sheridansulik > 2012-12-12 19:57 | Report Abuse

Profit taking

Posted by cmlooi > 2012-12-12 22:17 | Report Abuse

Yeah. Its part of business. Accumulate when its down and distribute slowly while it moves up. Read about Robert Lichello's, "How to make $1,000,000 in the stock market automatically!". In any case, so long as demand outweighs supply, it will still go higher until the other way around.

Posted by reyes430 > 2012-12-12 22:52 | Report Abuse

i think it is not an easy task to foresee why the big players are dumping the shares, it could be a profit taking? Or some insider trading?

Posted by messi > 2012-12-12 23:32 | Report Abuse

Hope to sell at 1.18 tomorrow.

Posted by tigerroar > 2012-12-13 09:28 | Report Abuse

it is heading south... time to collect some.

Posted by reyes430 > 2012-12-13 09:44 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1145133
What do you guys think of this?!

Posted by Wong Yi Shen > 2012-12-13 10:26 | Report Abuse

reyes: maybe need to pay for the son's education kua or pay mistress...kekeke

Posted by reyes430 > 2012-12-13 10:38 | Report Abuse

LOL. must be buying spaceship ticket. going to onboard on 21st..

Posted by New Insight Sabah > 2012-12-13 11:52 | Report Abuse

There it goes again... falling slowly but surely.

Posted by messi > 2012-12-13 15:18 | Report Abuse

sell or not to sell; can't decide, sigh

Posted by Fasterom > 2012-12-13 15:25 | Report Abuse

Up to you, if profit better sell before late. If you fell not enough think of going up more the the risk is high and you may end-up in small profit or even lose.

Posted by New Insight Sabah > 2012-12-13 15:45 | Report Abuse

Heavy gun fire has been reported south of the border of Perisai in the last few minutes. -- more to follow

Posted by messi > 2012-12-13 15:55 | Report Abuse

What you mean heavy gun fire? Going up or down ?

Posted by excelyou > 2012-12-13 15:58 | Report Abuse

HK manager is selling. Some agreements not able to reach. Act.

Posted by excelyou > 2012-12-13 15:59 | Report Abuse

Sell another 3,500,000 shares at RM1.12

Posted by excelyou > 2012-12-13 16:09 | Report Abuse

Fund manager sold 1,000,000 shares at RM1.10. Not very supportive.

Posted by excelyou > 2012-12-13 16:32 | Report Abuse

Support disappeared. Act now.

Posted by Ting Huat Siang > 2012-12-13 16:37 | Report Abuse

throw away dy, haha

Posted by Hong2 > 2012-12-13 16:44 | Report Abuse

I also throw all oledy.....sweat! Sweat!

Posted by Wong Yi Shen > 2012-12-13 16:46 | Report Abuse

either i have a wild imagination or is a bearish head shoulder formation forming in daily chart. just wondering.

Posted by Wong Yi Shen > 2012-12-13 16:47 | Report Abuse

excelyou: thanks for the info..

Posted by Matsaham Mashuk > 2012-12-13 17:55 | Report Abuse

Mmm..support at 1.06..smile--)

Posted by minitrader > 2012-12-13 18:53 | Report Abuse

no more misai oledi...

Posted by cwkhor > 2012-12-13 19:10 | Report Abuse

excelyou Fund manager sold 1,000,000 shares at RM1.10.

The total shares exchanged at RM1.10 today is only 412,700 shares. pls clarify.

Posted by monster 795 > 2012-12-13 19:22 | Report Abuse

112 well absorb..stokis atau fund manager collect?

Posted by BursaBullTrader > 2012-12-13 19:50 | Report Abuse

OxO... Hope it can stay above 1.10 lerr ... OxO

Posted by cmlooi > 2012-12-13 21:29 | Report Abuse

Its resting at 20D MA line.

Posted by excelyou > 2012-12-13 23:41 | Report Abuse

cwkhor: 4:08 sold 111,800. I mistaken.

Posted by New Insight Sabah > 2012-12-14 08:30 | Report Abuse

Let the battle begin.

Posted by Wong Yi Shen > 2012-12-14 12:55 | Report Abuse

to catch or not to catch....

Posted by monster 795 > 2012-12-14 13:16 | Report Abuse

Weekend coming, hope can close at overnite and zoom off next week..✌