Hapseng is at neutral position today in buy and sell. It must stick above 4 convincingly. I added position when it went down 3.80 looking at 4 ringgit. Now that it is above 4 ringgit I will take position at 3.9x if it goes down depending on the buy rate. If stay well at 4 ringgit I will buy in again at that price range
i dont think the price now is very sustainable, although as a shareholder i hope the price go higher. hapseng have major position in plantation and property, both sector in general r not doing well. may be the price surge is due to the speculation on what they r going to do with the money raised from the disposal of singapore credit division, and the coming dividen payout around end of may.
Close to oversold again. Better decision if it sticks long enough below 30 to know if can move again. My guess is if fall to 4.18 (if happen) or lower may be desirable to buy again
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....
carol717
84 posts
Posted by carol717 > 2015-03-18 18:58 | Report Abuse
Samer: thanks for yrs advise. :)