Within 4 weeks Comfort moved from RM1.87 to a high of RM2.88 and that is up 54%. Some profit taking is expected for those who had the guts to buy it when it was low.
For those who have just bought or top up their holdings are not likely to be the sellers simply because it is still cheap at this price, PE of less than 5 based on prospective EPS of 62 cents ( my estimate).
No worries, be happy and have another exciting day in the market place.
The syndicate is determined to push the price higher so that Comfort can fix a higher conversion price. Shorties will be slaughtered alive. RM3.00 by tomorrow afternoon? Good chance.
Newkid may buy back soon if the conversion rate is likely to be RM3.30 to RM3.60, and if the conversion ratio is 1 for 1 cos the upside is easily another 25%
We have good friends in the form of fund managers buying between RM2.72 and RM2.82 today If the shorties bash it down too much in the future these new friends of ours will buy ( and support) to average down. So the shorties are not able to cause much harm to Comfort prices for the next few months
The funds that bought today are not likely to sell out at until it goes up to at least RM3.80 where they can make abt 35% profit.
So everybody can now feel that things are going to get better until it hits the RM4 level.
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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....
Dannyfyl88
1,215 posts
Posted by Dannyfyl88 > 2021-04-21 09:34 | Report Abuse
Cockroaches electric shorted and wounded. More squeeze coming... Trying to fight an uptrend like uncle and crying now for missing the boat.