Alexyap, Lets assume it will achieve PE of about 8, EPS = 23 cents, Price = RM1.84. PE 8 is the nominal PE for small/mid cap property stocks.
Rm1.10 is a strong resistance. Already double top at 1.10. Still cant breach yet. 1.1 and 1.15 is the strong resistance. Once break, we are looking at 1.5 or 2.0 from previous graph
Agree kakashi. But I realized the trend of trading has changed recently. Many tends to sell on news regardless of how good the stock performs. Possibly due to rocky times, profit locking seems to be main priority now days.
As for talfred, I would take my chances if I were u. GOB's still waiting for breakout, no point cutting losses right now.
the warrant is essentially an american call option - the right to buy the mother share at a predetermined exercise price anytime before warrant expiry. You can trade the warrant to recoup the cost of the rights issue or just keep it with intention to convert the mother share at the predetermined exercise price.
Hi Alexyap, thanks for your recommendation! I've been observing the stock quite closely and felt I could have capitalized on the regular movements between 0.95 to 1.0x :)
Next support 1.10... but signs is not good. 7.67 bil volume !! that's crazy ... penny stock party...and its a sign that bull is coming to a halt...trade wisely guys. I exited at 1.15 this morning
Haha..park how long? ttgipoh is ccorrect. ..These penny stocks has very little to do with fundamental stocks like gob...but will affect general sentiment on klse...Penny stocks n the ultra hot volume is just a caution...things seems to stable for now
2 months plus lor... using margin account. every month paying interest. sighhh... Agree, the only reason I'm still parking here is the good fundamental of this company. See if a good quarterly report can spurs things up a bit. :))
missed out a small support at 1.05...US market strong opening tonight...I am not sure whether KLSE will ahve a slight correction after the penny stock play...usually that's a sign of crack...anyway, good thing is global sentiment seems good so far
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 3649 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....
derektcg1989
5 posts
Posted by derektcg1989 > 2014-08-13 16:11 | Report Abuse
haha.. thank you bos. i have some in 1.08.