everyday said up or TP how much.... but the truth is everyday down and lower....... and then change to said long term very good..... this stonenut2 very good....... hihihihi
comon la ppl, mbsb curent price is not far from all time low, isit on track to shoot up ? not just yet, but if u hav faith in this, its the perfect time to collect , not jus one or two but many in batches , good chance for smart ppl , speculators or short term traders? there re better counters to punt...
Yesterday MBSB closed at the lowest of the day, I see people are selling at the very moment the shares up a little bit......I am sensing that the retail investor are giving up.....about time the big fish is going to come in.
skyz, are you stalking me? haha, I am not a full time trader, I only spot and time to move in and I do look at other counter, but am extremely selective to buy only worthy shares, speculative ones is not for me.
the volume is getting thinner, hopefully MBSB has some positive news to spur up the volume, otherwise apart from the big boys holding most of the shares, the float in the market is simply too small to move.
Volume getting thinner in a downtrend means this is a "fake" downtrend (it is unsustainable). Most people who bought at higher prices are not selling. Only some people who panicked were selling them at lower prices. This is a good indicator that a rebound is coming soon.
MINIMUM 2 YEAR IMPAIRMENT (provisioning for bad debts) AMOUNTING TO RM1.6B MEANS THE NEXT 2 QUARTERS RESULTS N ITS FULL YEAR PROFITS WILL CONTINUE TO BE HIT. IMPAIRMENT DURATION N ITS LOAN WRITE DOWNZ CAN BE EXTENDED N INCREASED IF ECONOMY WORSEN. DIRECTORS HAD IN ITS BRIEFINGS N ITS FINANCIAL REPORTS THAT APPLICATION FOR AN ISLAMIC BANKING LICENCE IN NOT A PRIORITY IN THE NEXT 2 to 3 YEARS. ANYWAY ITS 3Q RESULTS IS 3 MONTHS AWAY LACKING CATALYSTS NEAR TERM
HENCE SHARE PRICES LIKELY TO PRESSURED IN THE NEXT FEW MONTHS WITH A NEGATIVE BIAS
Agree with u stonenut2, today they can say not a priority but the market is dynamic. Decision made today can be replaced with different strategy all together if the right circumstances arrived. We know getting Islamic banking license is in the menu. If you don't buy now.... It will be like catching fast moving train when it happens.
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....
risktransformer
2,031 posts
Posted by risktransformer > 2016-08-24 12:26 | Report Abuse
@stonenut2, y don't u share with us what the good news as requested by mentos512? maybe then thenewbee will change his perception about u.