Bad timing...actually. I mean normally after the QR report out it is selling time. Sell on news...but this time another factor...1MDB....then school holiday coming...so everything is pointing to a bearish market in the short term. If can collect below 30 sen...then good buy.
Still thought no long ago hit a high of 0.390 can still go on further abit as overall global market performance ok(green light). Now holding 1,500 at 0.330... Again, need to tell myself, WAIT this word.
Corporates can look forward to 'good times' post-May Publish date: Tue, 26 May 2015, 10:56 PM CORPORATES see May, the fifth month of the year, like employees see the fifth day of the week, Friday: they just can't wait for it to end and enjoy the good times that come after.
Although the analogy is the writer's, it is safe to say that basically is how analysts see the month of May, as the month when the FBM KLCI is at a low point in the year.
This, of course, is great news for investors, as Hong Leong Investment Bank Research succinctly put it in a research note last week, that "May is historically a good month to accumulate on dip".
Still unconvinced? Then just listen to the final word which comes from our impressive reference point for this week, the HLIB Research report, which boldly stated: "During the month of May and the tabling of 11MP, we believe it is opportune to seize the 1-in-5-year opportunity to position for the year-end whereby we have an unchanged target of 1,880 (based on historical average P/E of 15.5x 2016 earnings)".
Still can buy below 0.325 & sell 0.34. Short term then make money. Don't worry, a lot of Exxxx berhad & SPxxx staffs holding this counter. They follow their boss instruction that was hold tight tight and all the way to 0.60 this end year. Ha..... believe it or not?
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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....
esl_22
1,719 posts
Posted by esl_22 > 2015-05-25 15:34 | Report Abuse
richkid: Bro, why Systec dropped so much? It's a good company right?