be careful bro... let wait and see at one point when it hit 0.745 people say will hit 0.8 next week. Who know drop like hell and even break 0.6 level. Today news from RHB...
Hiap Teck – API Pipes Hit US Shores Hiap Teck's domestic steel pipes sales have remained weak as water-related projects have yet to get off the ground in a major way. Capacity utilisation rate remains subdued at only about 50%.
ya ya , they purposely said negative things if they want to accumulate shares n after they have accumulated enough they will release good news to make the share price up again . ........... they have been doing this all the time n small ikan bilis will be swallowed by them . ......... they big sharks . ............
I would read what these analysts say. But I won't act according to what they say. Today, almost all (except Affin) recommended Bumi Armada. It went down. Yes, their reports could be useful. But only if you are thinking of the longer term - NEVER for contra decisions. Often, they might be right IN THE LONG RUN.
I agree with Adam Ryan in that it's best to do our own research. I'd use these analysts' reports only as a supplement to either help support my own decision or to make more pause and give something more thought (and not do anything). After all, it's OUR money that's on the line here, not theirs.
Well said. Analyst too have to cari makan. They work on fundamentals and projects them into the future. If a war or natural catastrophe breaks around some important parts of the world, then you can see all hell breaks loose.... and those are the strong counters you would enjoy see crashing for you to pick up if you have the courage and technical knowledge to know the reversal.
cmlooi: Yes, that is one aspect that must be given some consideration at all times. You just don't know what lies around the corner - some thing or another could pop up just like that and drag the market down. This has happened numerous times in the past.
I remember one incident in the early 90's (before the great bull run) - trouble in the Soviet Union and President Gorbache's position was threatened by hardliners. Our shares immediately tumbled. But as you have said, it offers a great opportunity to pick up strong counters. This is when we need to have dry gunpowder and the guts to go against the majority. The market would rebounded and big profits are to be made.
It was lethargic for the past week or so regardless of whether the general market was up or down. But there were some positive buying activities in the afternoon today. Let's see whether there is renewed interest in Hiaptek tomorrow.
do your own homework do not believe too much or rely too much on analyst.their research should just be supplementary or else we mught be on the losing end.anyhow we must not hold them responsible because it is only their views they did not ask you to buy or sell did they bro dknycom ? just my 2 cents.
HIAPTEK IS A GOOD FUNDAMENTAL STOCK, STABLE ANNUAL EARNING AND INCOME. BUY MUST HOLD FOR LONGER TIME AS CURRENT LOW STEEL PRICES. GOOD BUY IN PRICE NOW.
been watching this going lower and lower by the day while people are shouting it will go higher and higher. Just wonder when it will hit bottom. from this blog, understand people started buying from 1.50 to .75 then .60 and now 52 week low of .545.
Its performance is disappointing. This is a good company and is trading near its par value. Sooner or later it will rise to its real level which I'd say is above 0.70. But there's no catalyst at the moment so it's going nowhere. I follow it every day and will immediately jump in when there's sustained movement. It's better to buy at a more expensive price but with the momentum going up than at a discount when the downward move hasn't been broken.
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....
cmlooi
465 posts
Posted by cmlooi > 2012-04-05 22:10 | Report Abuse
Just looking at the weekly trend you will realise its on a downtrend. When in a downtrend, resistance will hold.