Kheng, I didn't say the correction will take 3 moons. It may just be a week or 2 correction phase. But maybe you are expert in wave calculation which I am not.
It did an upthrust n break below 131. Thereafter enter consolidation phase moving in the range of 121/136, new support n resistance level. Can enter when it hit 121/122.
The last round it raise from RM1.23 to RM1.34 and briefly hit RM1.36 the next day and retreated back to RM1.31 then fell to RM1.27 on Friday so I expect the support level should be RM1.27 not RM1.23.
1.23, 1.34, 1.27 hickory dickory dock. it's all irrelevant. Stock is terribly undervalued and barring a complete market collapse it is going a lot higher in time. Buy it, forget it and come back later to sell with a further 25%, 50% or 100% gain while not losing any sleep over day to day up-down in-out speculation and contra aberrations that will give you ulcers and unsatisfied sexual climax cause your gf putting pressure on you to perform daily or perhaps even hourly.
bursa is not blind , it is totally different scenario , Dsonic P/E is 40 , Insas NTA is 1.76 , P/E is only 7 , if Inari move to main or Hohup PN17 upliftment happen next week, insas wil follow to rocket up .
Becareful...anytime it might limit up soon... better buy as much as you can at whatever price it is now! High chance people will realize itz actual NTA which is more than double (2x)than its current Mcap......just like they have realized Dsonic actual NTA is 20 times lower than its current Mcap!
To summarize: a) The Price of Dsonic shares is 20 times higher than its actual Book value. b) The Price of Insas is 0.4 times lower than its Book value.
If i am the owner if Dsonic...of course i will sell all my shares and declare the company bankrupt...coz instead of waiting another 20 years to increase my company value 20 times...i might as well do it now!
lets talk based on facts and figure rather simply shoot out the warning signal , all the good news for Insas will be coming one by one soon, Inari move to main, Hohup UPliftment, Low P/ E ! agreed with Proba , u only need to be-careful abt limit up . unlike Dsonic . the P/E is 40 times . crazy .
Insas cannot be compared to Dsonic. Dsonic has appreciated almost 1000% from its IPO price. Insas is diversified. Dsonic is still not a designated counter but just a rumour sent out by TA securities that spooked retail investors. In fact Bursa should give a show cause letter to this securities houses that cause unnecessary panic to the market. This is deliberate action by the security house in collaboration with syndicate players to run down a counter in order to buy cheap.
i only trust P/E, EPs, NTA , they wont lie, it indicates whether a comp[any is healthy or not . Investor look at P/E. Contra player/speculator/gambler choose to ignore this .
To me trend is the most important. The trend must be there no matter how good the stock is. Up trend I go in & make money, down trend I exit. Must make sure to make profit each time.
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Alex Chan
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Posted by Alex Chan > 2014-04-04 15:30 | Report Abuse
lol....will come down more....overbought