Daya has very strong support at 0.355 and it is undervalue below the ichimoku cloud and also ovwrsold base on rsi & stocastic. Good for join but have to give patience on this counter since dunno when its engine start.
O&G counters not only depend on how many contract they get awarded, but also their effectiveness in executing the project and debt level. Do you still have confidence after witness previous quarter result? Are they overrated by investment bank? I believe those are some question we need to ask our self.
If The Star was correct, the current price of 0.335 is lower than the Norway fund entry of RM 0.365. To put where my mouth is, I have bought 800 lots at an average price of 0.345. I believe the Norway fund will start to accumulate now.
I sometimes think that those who keep saying this is a dead counter or jamban stock, is trying to lure those holders to sell it at cheaper price and they'll take the opportunity to collect it at low price... well, it's just my two cents anyway
As a long term investor I do not care what others said abt Daya as I am very confident.If have extra money to spare can buy and keep.Having said this,it depends on one's own confidence level.Buy based on one's knowledge of Daya and do not listen to others including my advise.
Just let all the contra players go away. Daya is a good company. Yes it made one quarterly loss, but it also bought out a lot of assets. With the current market sentiment, it's no wonder that it's dropping a little. Invest in Daya for medium to long term, don't expect contra gains.
Daya is quite interesting, i was sold out my sona and join daya at 0.335. So far the first support line is at 0.330 second support line is at 0.310. However, daya is undervalued and oversold since 0.355 but now is 0.330~0.335. So interesting, so i was joined daya.
daya getting scary . lower & lower everyday.should have sold all at 38. Anyway i will not subscribe to daya rights issue .maybe will be buy warrants rights or convertible loan stock rights without the mother. Hope meet downward support already.
any problem with DAYA? was monitoring this counter quite some time... other than last Q not that profit and raising fund... what would the negative impact to this recent drop?
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daryltkt
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Posted by daryltkt > 2014-03-07 09:13 | Report Abuse
Why all so negative?