Closed at 24 sen. But the goreng master fails to meet his KPI today, churning less than 10m vol. His explanation is the weather is rough and he prefers to stay in his comfort(safe) zone....
Here comes the long awaited weekend, after a hectic week.
Mkt is trying to price in a bear mkt scenario. So, share price has to adjust to that. But things/parameters can change over time, this bear mkt scenario may or may not materialise.
In this volatile mkt, mkt operators will try to exploit the situation. How? By pushing down prices until selling dries out. When mkt gets oversold, technical rebound will follow. This is a continuous and dynamic process. That is why I never predict share prices. I let mkt forces decide and always repeat - do not expect higher prices until the 30 sen price hurdle is crossed convincingly.
Investment is meant to be for a longer term period, eg with a 3 to 5 years investment horizon. Why? To ride out the business cycles to reap rewards.
they purposely drag on the release date, only public it after the budget 2019 and US midterm election.. because good result only will. push up the price after uncertainty cleared
results out early = bad QR results out as usual = good QR average coke and coal prices for Q3 July - Sept were higher than those in Q2 i am expecting the Q3 results to be much much better
many are still wary of the upcoming results, so they just wait at the side line. if we are expecting a good one, going in now will be the best of times...
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....
asd88
810 posts
Posted by asd88 > 2018-10-26 10:26 | Report Abuse
Got some @235 average down to 24