The price is going up whether it is badly managed or not.Once the Petronas OSV Contract is known(I assumed its already preselected) as Silk has been purchasing the right vessel for this contract.Coincidence??
when u have a bad mgmt., given a diamond also become stone. of cos, that doesn't stop the price from shooting up, in that case, pls buy as much as u can ;)
Yes definitely will buy as much as my financial permits.Do not be sentimental in share purchasing and do not take history as a guide to future earnings.
All ships carry petroleum from offshore to shore make a lot of money. If Petronas had awarded the contracts still cannot make money, they have their management to blame. Please note that the stock price of SILKHLD is running ahead of Fundamental, past records are not important. I checked through the latest quarter result, the result of Q1 was good. Hope this stock will perform, please do not disappoint us. Please read the below link.
Predicting stock price is the most difficult job. If I know, I will be the richest man on earth. Crossing 0.50 is the most important task now. My strategy is always buy and hold until stop loss is triggered. Thank you.
OTB is right. There is no way to predict so-called target prices because it's the collective complex permutations of the emotions of fear, greed and sentiments.
That's why target prices usually either fall way short or far overshot. For the investor they have a margin of safety calculation whilst the trader, if he had bought the stock at the onset of a breakout continuation off a well formed base, that is his margin of safety
All we need to know now is that the path of least resistance for this stock is up. Enjoy the ride while sticking to your game plan.
Well...i lock in profit first just now once it breached all time high of 0.55.. hopefully to buy back once the profit taking sets in...only if it will correct in the coming 2 days...
Just to check with you when you mention you put cut loss, you are monitoring the gain & loss yourself or your trading platform is doing the job for you?
If is your trading platform, may I know which platform you are using?
Calvin, it is important to note that this company currently does not have strong fundamentals. No doubt its profits increased 12% last year but it has high borrowings, negative free cash flow and a current ratio of 0.63:1 amongst other factors. The catalyst for this counter is the potential Petronas contract.
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....
Ooi Teik Bee
11,622 posts
Posted by Ooi Teik Bee > 2014-01-21 16:50 | Report Abuse
The stock is moving, cross 0.50 is very important.
Thank you.