Genetec wins new orders worth Rm41mil. Other counter is just goreng goreng. This will be the counter that will last when the quarter report came out with a damn high EPS due to the Rm41 million business.
Panic selling never pays....sad to see everyone started selling like no tomorrow. Like Priva everyone sold until it touched 19.5 sen before going up to 28 sen. I still think the down sell is a good buy for bargain hunters and average down the price. Lets wait for next week...the volume will be back to pick cheap shares.
@Gatsby I am guessing around may. Once the new report come out with the new eps they made from the Rm41 million. This counter should be at the price it current is.
@greesdisgood , as the past quarter the company revenue is RM 39million , so the latest quarter should succeed 41million right , do u have any estimated revenue ?
i am planning 200 out ... but priva last time also drop three days baru shoot lol , difference is priva got bad news report amendment , Genetec is pure look like shark changing to sumatec counter ...
Nothing we can do now. The sharp drop normally follows by a technical rebound. Lets wait for next week. Hope it will rebound like what PRiva did. Don't panic sell. The support now is at 20 sen. A lot of buyer will be queuing to buy at 20 sen next week as this is the point where the volume start to push yesterday.
Actually genetec correction today is totally understandable . as like many other small counter . just it start high . then when closing time baru sharp drop to match most small counter .
Genetec is worth at least 30 sen based on fundamental. The selling is due to week end profit taking and huge gains from 16 sen upwards. Now at 20 sen...it is attractive again to go in. I believe a lot of investors will pick the cheap shares as the highest was 26 sen. So there is a 6 sen profit to push. Today I saw large volume at 24 sen - 26 sen level. So at 20 sen most of them will buy back to average down the price.
alibabacoming Next week you can buy cheap. Good price to enter. 20 sen support. Genetec fundamentally worth 30 sen with the 40 million in the order book.
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....
TylerTan
439 posts
Posted by TylerTan > 2015-03-13 16:29 | Report Abuse
0.220 now. omg