Totally unexpected & disappointed. Right hand gv u dividend of RM12.00 per share but left hand took away fr u RM25.00 per share ex-date on 2/9 (Mon). Worst than Ah Long. No wonder people always said nothing is free in this world. Hope for the best the stock will rally b4 the nxt Fed Res Open Mkt Committee meeting to enable me to be a 'sprinter runner'. God Bless.
Still got space to move uptrend between 2/9 to 6/9 (Mon to Fri) & 9/9 to 12/9 (Mon to Thurs).
After that period the risk of getting caught in the crossfire is high effective 13/9 (Fri) onwards, the possibility of investors start selling early on 13/9 (Fri) to take profits or cut losses b4 the Fed Res Open Mkt Committee meeting scheduled on 17/9 (Tues) & 18/9 (Wed) respectively.
Investors r worried that the Fed Res may begin to taper its USD85 bil monthly bond buying program in Sept & withdrawal of all other stimulus monetary tools, causing another selloff globally.
hiddengem, you may be right. but hasn't the QE tapering issue been mentioned and mentioned again inthe last 2 or 3 months and it;s impact already factored into the stock market performance. In fact it is one of the factors that caused the KLSE to fall from the 1,800 point level. Of course there are other issues like the economic situation in India, Thailand and Philippines etc
Yes its impact already been factored but the scary news is its real implementation n enforcement of withdrawal of monetary stimulus policy that will probably b announce for this coming Fed Res Open Mkt Committee meeting.
Equity mkt tend to be sensitive on every bit of news that will ultimately hv an impact on the sentiment of investors. My prediction is that there will b another selldown if the Fed Res insist that the tapering shall b enforced in Sept, n the weakening emerging mkts like India, Indonesia, Thailand, Philippines, Malaysia, etc will feel the contagion effects for another meltdown.
You may be correct considering, as you mentioned, thew sensitivity of the markets, Moreover there may be people pushing the prices down for whatever reasons.
barrack obama announce to launch attack at syria after chemical test has been finalize.. positive thinking also, hope OnG counter will go up a bit. still got profit but less edi.
As I've mentioned earlier on 31/8/2013 @20:17, the uptrend for PANTECH is still on the card within the stipulated period of time. I dont believe that it will continuously consolidate within that period UNLESS the global economy is really facing a disastrous meltdown like the Great Depression.
Naturally there will be some rebound / uptrend within the projected 9 trading days b4 the critical Fed Res Open Mkt Committee meeing on 17/9 & 18/9 respectively.
In view of the prevailing global uncertainties, short-term position is still my top priority using the 'TOUCH & GO' formulae.
Financial markets have scrutinised the FOMC’s July meeting minutes and now expects to see a cut back in bond purchases at the next September meeting. How much do you expect the Fed to rein-in? Do you foresee the anticipated tapering derailing the US recovery in 2014?
ANSWER: The amount of cut back on bond purchases will not be large and the likely impact on financial markets will be minimal. Since the beginning of August financial markets have started to correct and factor-in this imminent event.
The Dow Jones Industrial Average has fallen about 600 points or 4 percent from its high on 2 August while the 10-year US Treasury yield rose to a two-year high at 2.93 percent on 22 August.
I do not think the tapering event will derail the US economy in 2014 as recent economic data have been positive and the recovery process is on-track, hence it is the right time to pull-back on monetary stimulus policy.
Better watch closely the 10 year US Treasury Yield not to rise above 3.50%, in not contained will provide bigger threat to the real economy n will sees selling pressure on risk assets if the 10 year Treasury note rises even further will ultimately derail the recovery of the US economy.
The mkt will b in "nervous condition" once the Fed Res reduces its USD85 billion in monthly bond purchases in Sept n will create a knee-jerk reaction to the financial mkt globally.
5 sept there is a meeting with Obama and Putin. That will not be a comfortable meeting as Russia oppose punitive action against Syria. From CNN .. If House of rep do not back Obama, he will strike Syria to prove a point for nation not to use chemical weapons on any nation!
I hope in some way the world retaliates against these war mongerers. I have personally seen the ravages in Irag and Afghanistan.Pity that the people on the street will again suffer. I pray & wish the war mongerers receive their own death sentences as well.
from certain analysis there will be correction very soon before a rebound, i would prefer to wait for a little while before going in at cheapy cheap cheap, that should offer some eliminations on risk, once risk is out profit will be in. In at the right pricing is probably similar to like, going in with your eyes open as in here ....... http://www.youtube.com/watch?v=gCT_MY_WA2I...........happy invest 2013...............up up and away
BBB79 touch wood with yr negative prediction without supporting TA & FA facts. Bro SANG-JERO & hiddengem r positive that PANTECH & all other penny stocks will rise on Mon n the following days of the week. Good luck to all penny stocks investors.
so far looks ok......Buy back strategy by Pantech shows that the company is very committed in their business and they have a very good management team...Pantech will grow steadily...No wonder Felda put in their money in this counter...I am very confident RHB and Kenanga TP is achievable....Timing and patience...collect dividend first for makan makan...
Sang-Jero, you hebat! I have faith in this stock but why is it keep sliding towards south? Is it possible it would drop below 90 cents? We cannot afford to keep collecting at lower price.
From the numbers that I crunch with Pantech's accountant after the AGM, I can only say that this stock is very much under value and so far this counter has weathered the storm pretty well.....It is an individual decision either to hold, increase stake or sell...As for me I will be holding until I meet my TP....
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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....
hiddengem
1,186 posts
Posted by hiddengem > 2013-08-31 05:01 | Report Abuse
Totally unexpected & disappointed. Right hand gv u dividend of RM12.00 per share but left hand took away fr u RM25.00 per share ex-date on 2/9 (Mon). Worst than Ah Long. No wonder people always said nothing is free in this world. Hope for the best the stock will rally b4 the nxt Fed Res Open Mkt Committee meeting to enable me to be a 'sprinter runner'. God Bless.