TMC is due for weekly correction. The Daily Stochastic is at oversold and the weekly candlestick formed a big gap against the weekly T line. The price will come down to close the gap. Time to take profit and go in again after correction. Already moved too much from 0.435 to 0.66, that is approx 50% gain.
This is one of my favorite stock for Stock Pick Challenge 2015, i choose because it's a turning around business.
However, having read through the proposal, My personal consideration:
(1) it is a 13 years into "future", and future comes with very expensive price. RM 400 million worth of shares. (2) the "health asset injection" but...i did not see any asset injection at all, perhaps i missed it.
Buy into future, is like buy in a hope. Of course i hope the dream will come true.
As for now, i better be down to earth.. happy investing!
immediate price should value at 0.75 la of cos.. the boss and sultan willing change their asset into share at price of 0.75, you think will they let the share go down after switching? their money at the bb company not fake one... sure they will let tmc share go even higher !
CFTrader seems to be familiar with tmclife, good. Let's see tomorrow how the share react to the news. A gap up follow by volume would be nice, stay invested and wait for the future plan
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3450 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
ozzie75
8,772 posts
Posted by ozzie75 > 2015-01-22 16:17 | Report Abuse
something that might relate: http://www.theedgemarkets.com/my/article/weakening-ringgit-give-medical-tourism-boost