septhiroth, i understand your investing strategies & u have a very great patience which i m lacking of.. Sometimes i cant wait to long for a stock to rebounce hence i decide to cut lost inorder to swap counters.
The first time i knew u was during your investing in Sendai. I lost alot then due to i was stil fresh & lack of trading experience; guts.
To be honest, if it were to drop tp 50 sen, just imagine how ill the other counters look like. Nevertheless being prudent to catch at low prices is a safe move.
MMODE is the penny stock to watch with strong FA. It is trading at an attractive low PE ratio of 7.29, high ROE of 23.64%, low gearing ratio of less than 8.0% & a decent dividend yield of 2.44%.
It has good business platform to enable the Co to achieved consistence yearly profit margin with positive cash flow & cash pile of more than RM36mil. It has been attracting the attention of a corporate exercise to unlock value in the Co.
The initial resistance level is @0.66 & target price @0.72. A stop-loss is trigger if it close below 0.575.
The above is my personal opinion & it is not a solicitation to buy or to sell MMODE.
Good luck & hv a rewarding day in the stock market.
Inwest88 congratulation for making continuous profits & embarking on a wise decision to invest in a value stock with excellent growth prospect.. Good luck
Lee9fold, u got to take own responsibilities by following. I may make mistake. Tell u the truth, 6more days i will enter one year anniver of trading n do u dare to follow a guy who has little trading experiences? Haha, if move, we all b happy, if go south, i dont want to b cursed. Of course, i also dont want my trades to go against my will. Cheers!
Lee9fold, u can read "my trading" cruised my chartist, matrixcool n there r alot of things there to learn n to pick up too. I notice mmode moves upside one day n rest few days. If not mistaken, there is stil a final upleg to complete n tp 0.74 n since i ve yet to enter i ll take the best price.
Hi lee9fold, sorry for keeping u waiting. M looking at the chart that shows me an unfavourable bearish pattern that 90% will breakdown accompanied with sustaintial vol.. Although 10% of such pattern will breakout, i suggest us to stay away from this ctr & is also end of the final upleg if not mistaken. 1st Support=.54 2nd support=0.45. I may be wrong but precaution is better than cure & m stil monitoring the reliable of this pattern.. Cheers!!
Tessa, i may be wrong to inteprete the chart... B optimistic since u r stil holding as there is 10% chance to breakout.. whose knows?? Wish u good luck, my dear..
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....
CityTrader
8,151 posts
Posted by CityTrader > 2013-10-08 17:33 | Report Abuse
septhiroth, i understand your investing strategies & u have a very great patience which i m lacking of.. Sometimes i cant wait to long for a stock to rebounce hence i decide to cut lost inorder to swap counters.
The first time i knew u was during your investing in Sendai. I lost alot then due to i was stil fresh & lack of trading experience; guts.