Perwaja is rumoured to have gotten an iron mining concession in Terengganu. What about Hiaptek? If I'm not mistaken the state government is likely to give this to Hiaptek also. If there's news of this, there will be an upswing to the price,as experienced by Perwaja.
Don't worry, maybe the support is strong at these level, the most is bounce a few bids up or down. Still waiting for entry confirmation which should be soon.
High oil price & expensive electric tariff may bring steel sector fall into deep shit,seems like budget this year will not bring any benefit for steel sector.No choice have to cut this counter out of portfolio.
No offense but actually the best price to buy is below RM0.45 since the pay out dividend is only RM15 max.Not worth it to buy above RM0.45,since this is not a Pitt bull.
If reach the target price just collect bit by bit don't need to rush.I always like to collect some counter when some share expert from bank or trading house bullshit a lot.
Be patient just temporary loose his supporter.Stock is like Gold index,but physical one will not follow the index.Basically trading of precious metal is base on the trustee not the metal itself.If not believe,try to scratch out the hall mark of your gold ring and sell it back the shop you buy and you will know the answer.With hall mark one may be deduct 15% to 30%,without hall mark is like a scrap metal.
As long as you are not buy in at bottle neck that should be fine,just consider the time frame will help you accumulate your wealth.As long as the company have steady cash flow quarterly.
Don't hope and gamble. Check its earnings and chart trajectory. Go for a winner with good fundamentals. The world is in stormy waters. Countries are printing money.
The homework shown that this counter is been under value.But of course,if base on rumors this counter is not very attractive.It depends of your investment objective, whether invest on valuable counter or rumors counter.If want to try the latter one,DBE is not bad since lots of rumors said that it will be take over.So,consume more eggs before buy this counter hehe....
was hoping to buy this below 0.50 but it went through the support quickly. After that read about the prices of tin ore and their furnace start up heading into overcapacity. Either wait for good volume close above 0.50 or wait till more good news to come out. No hurry to buy at these prices but certainly looks very tempting at around .47. GLTA
What is the different between this counter compared to others steel sector like AnnJoo or Kinsteel? from observation the share price is like been purposely manipulated by his own director...FK
But somehow it is a bit of harassment to the shareholder,I'm rather he rewards the shareholder with free warrant.At least can secure share holder benefit in the future.
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....
Mat Cendana
2,331 posts
Posted by Mat Cendana > 2012-09-11 19:39 | Report Abuse
Perwaja is rumoured to have gotten an iron mining concession in Terengganu. What about Hiaptek? If I'm not mistaken the state government is likely to give this to Hiaptek also. If there's news of this, there will be an upswing to the price,as experienced by Perwaja.