Coming result will not be good due to a lot of cancelled orders from WD and seagate. The share price of both these company have fallen by more then 50% in last 6 months. Be careful Jcy share price will fall further after result announce next week.
good or bad result also JCY price will drop. historically. the pattern of price movement is like that one. up for two or three days, then down for one month. there are many other counters, losing money also price can move up one. not like JCY.
Quite sure JCY will drop to 0.55 at least after result announcement. Few are interested in this counter. Those who are holding it are selling all the way.
even if JCY declares 3 sen dividend in the next result announcement, the price will not go up, it is like a dead counter. So the safest way is to sell all your JCY shares and never to touch it again in your lifetime.
youkian2, are you buying a company's shares or guessing up and down of the share price? If you want to get some excitement, use RM1,000 in Genting can get more satisfaction.
Waiting for the quarter results. If not making a profit will then dispose. Otherwise will keep for a while. Ppl calling for buy sell are just noise. Treating them like mosquitoes sounds. Just ignore them.
Volume of HDD units (49.7mil) is dropping compared to previous quarter(51.7mil). Though still slightly better than 2 quarters ago which is (48.5mil). Therefore, JCY's coming quarter result might not be as good as previous quarter. I think JCY are also being pressed by WD to reduce price which might erode JCY's margin. But, hope that JCY's cost reduction exercise & investment in automation helps sustaining the margin.
Nonetheless, WD's CEO is expecting weaker & weaker number of HDD units in the coming quarter. Therefore, trade/invest with cautious.
Note: 90% of JCY sales come from WD. Seagate only contributes 10%.
From the quarterly report on FUTURE PROSPECT (B3, page 11) : The global demand for HDD products continues to face a VERY CHALLENGING global economic environment.
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....
youkian2
332 posts
Posted by youkian2 > 2016-02-14 17:18 | Report Abuse
0.72 buy in very high. it may drop to 0.55