market turbulence has not fully subside,thus no hurry to accumulate at the moment.MRCB is the undervalue co but they will likely will have another sell down following overall market before move up.Thus,MRCB mother will likely back 1.50 while son back below 0.22 level.we tunggu.
This is UMNO related counter and plz note that UMNO GE or Convention will take place end of this month. Additionally, heard strong rumuors abt a very big building construction work may be awarded to them....watch closely and be an informed investors by conducting research....
MRCB is not for value investing unless its show me higher [operational]ROE but they are the good candidates for strategic investing especially for their warrant due to its high gearing.
Yes,indeed MRCB is transforming but we need to see the fruits in at least 2-3 years.The next quarter result will not spark as the disposal of platinum Sentral is not completed but full year result will be inspiring if all settle by this quarter (Dec).We wait and see.
Do we ever seen market enter into bear market without seeing any "crazy move" in the overall market,it might be a further down but it will not be bear market.Bear market is only be happen with structural econ problems are in issue.Thus no worry bro,stay invest stay alive.
Moreover,seeing from the average price per share transacted,advance decline ratio etc,market still have much more room to grow to "crazy".
contra player will sell on news. Long-term player will buy on news as it will continue to move up. those sell on news would not able to buy back the price they sold.
My humble opinion is son will up. There is a beautiful up bar (bullish engulf) on the 18th. It gap up the next day & the previous up bar was only partially tested. It managed to close at the high of the up bar. Very good sign.
down again.....many sellers......the non belivers ot day traders...sad.u will be served as dead meat....2 wks after this, they will craw up again for new hts...
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....
nikeblood
153 posts
Posted by nikeblood > 2014-11-06 07:38 | Report Abuse
Apparently the baby is the one feeding his parent !! ^^"