Cumulate hiaptek at RM 0.65, attractive level. It may form a cup & handle pattern . recently stock down most likely because of yesterday' s report saying the 1 half 2012 is not bright for steel sector.
hiaptek 2 days drop from 0.75 to 0.655 , drop very fast but i think the play is still on n will rebound back to 0.75 then 0.80 n go go go to 1.00 , 1.20 . ...........
Thk God ! Today hiaptek never go do below RM 0.65 level so next week still got change to rebound back or may cross over previous high @ RM 0.75 then RM 0.80 Target Price. Good Luck everybody Happy investing !!!!
will it fall below 0.65 , don't know but not today . ......... if market sentiment continue to be so boring n down trending for most counter few more days then hiaptek may fall further to next support at 0.61 . ...........
2nd and 3rd line group stock is having sell off activities, due to contra activities, no big player since last week until today. that's why index point drop a bit, but price drop scary. after friday or next week will see interest back.
Just like the American Banks, the whole banking industry can collapsed and all the depositors money gone, the Bankers are still earning their fat salaries plus millions in bonus !
Bro Theews82 , agree with your point, no wonder director dispose their share when price is still high. I think the quarterly report must be terrible. Good Luck for those still invest in this counter.
I wonder why all the fucking steel company making loss but yet their share price do not change lot, but hiaptek keep dropping.... Example masteel, see the price?
May be OSK holding a lot of hiaptek shares, that ' why it issues a buy call with target price RM 0.80, so that we can support the price and may be they are the one who keep on selling.
Im still keeping it, cause i think its normal since most of the steel company making loss. So it wont be surprise if hiaptek also doing the same. Just as long term investment if it doesnt hit the price i want. From what i observed, i guess Hiaptek has already hit the bottom line it should be rebound by tommorow onwards. just my opinion...
I agree with u theews. In stock like market, there must hv people buy and sell. Jj if u sell in that way, may be u can not buy in if 2moro the price up! And if drop I congratulate u! For me I still hold it cos we believe Hiaptek. I still hv 100 lot in.
hiaptek is due for a rebound , its the market sentiment only this few days , when market sentiment is good it will rebound . .......... patience is needed in trading stocks . ............ just my 2 cents .
going into red now - 0.64 lau sai even the market sentiment is good with 11.54 point up as of now. will definitely go down further. for those who sell early good timing. let monitor this and let it drop till 0.6 then go in 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....
theews82
1,895 posts
Posted by theews82 > 2012-02-23 07:40 | Report Abuse
hard to predict, today DOW drop again :(