Yesterday up too much... now price consolidate to allow day trader & contra trader & kiasu trader sell all their stocks b4 moving to higher price level...
Many stock traders said after I sold my stocks, stocks move up. Why? Because mkt makers know that once they purposely stop buying & allow shares to drop a while or do some corrections, fear come in & we sell. Remember: when it seems like hopeless, that is the time hope coming... good luck.
I put my cut loss at RM0.36. The support is RM0.38 but sometimes mkt maker purposely break this support level & asking us to quit. NO WAY. but it drops till RM0.36, then chart wise, this mkt maker make a fool to himself lor...
Please check this stock fundamentally. NTA is RM0.88. Last 2 quarters turn +ve due to improved chartering business. On hand still got ships to deliver coming quarter. Now O&G stocks all moving & this one is also O&G stocks... waht else u want? good stock or not, buy lar...
King Kong73 Can someone validated my NAV calcultation for Sealink as at 30/06/2012 1. No of Share holding units issued = 500,000,000.00 (http://sealink.listedcompany.com/shareholdings.html) 2. Total Asset Value = RM959,878,000.000 http://sealink.listedcompany.com/financials.html 3. Total Liability = RM503,095,000.00 4. NAV = (Asset - Liability)/ No of shares 5. NAV = RM456,783,000.00/500,000,000.00 6. NAV = RM0.91sens/share 7. Current share price trading at RM0.32 - RM0.35 8. So current share price is lower than NAV of Sealink. 9. Is it a bargain to buy the business at the current share price? 10. IPO price at RM1.20 So which is which ???
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 339 views | 2 d ago
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New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11633 views | 10 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
StockLearner
328 posts
Posted by StockLearner > 2013-10-11 16:10 | Report Abuse
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