need to see how the management treat the investment. if the management with no intention for short term trading, then the fair value adj will only flow through reserves and not to income statement
what i think mgmt will waiting for the right time to dispose it, like megb start to make profit, when new mgmt excise the option to buy the share, or other good news, etc
last week they had AGM, heard that they will dispose some land/property... so most likely the share will react to this positive news and raise up the price
It is in the wave 4 consolidation !!! support level at 0.440 to 0.435. I bought some at 0.440. target to TP on 0.48 and consider to cut lost or breakeven if the price touch 0.42... recommendation is buy now !!!
Lewis, it too early to tell whether it will shoot up to RM1!!! but I can tell you is the bearish trend was invalidated by the reason spike up to 60 sen ,The bull trend is started by the last CEO announcement, I was adding position on 0.435... again trading is a probability game!!! if drop below 0.42 will consider to cut the position at breakeven or litter lost!!! Good luck !!!
Siing11 in long run is still bullish ... it very much depend on your personal trading strategy.. I very much to hold the stock less than 3 weeks... I will looking opp to make a litter profit or breakeven for this trade...worse cut lost
黄睦焜 I agree with u.....but somehow I bought this stocks at higher price @ 0.47. However I still believe there must be a reason that Gary How willing to buy this co at 1.10 and this is just the beginning of the bull......
not to say confirm o not.......the 1 over % Gary is holding now is part of the exercise of the option @ 1.10. Gary will have the option to exercise the remaining before 19 Sep 2014. The previous directors resigned citing the emergence of a new major shareholder as the reason. Even if Gary do not exercise the option, Siva still have the rights to sell the shares to Gary. If Siva does not intend to sell the shares, why would Gary and he entered into a put option agreement? The call option agreement will be enuf la if that's the case. Think yourself and see whether its confirm o not.
I am simple person who are focus on Technical analysis... fundamental and news is like primary student... just draw conclusion and summary !!! when the deal will happen ??? the technical chart show something is on and collection is on the wave 2 was ended and wave 3 of 3 is just started... technical perspective is bullish sign... I will zoom it down to the H1 on this saterday and will post it in the blog..
I learn about technical analysis not long ago and just know some basics. I just dunno whether wave 2 is ended already or not but other technical indicator are showing positive sign. Fundamental is quite useful sometimes and I used it together with technical analysis so to provide a more accurate investment. I feel that technical is a tool to provide you the best timing to enter.
Nobody... the option prices is higher than the stock prices now !!! how to exercise ? I tot we can make money if the stock prices higher than the option prices and we sell it can get the delta gain... no it is underwater... how ?
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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....
Goinvest88
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Posted by Goinvest88 > 2014-06-21 17:15 | Report Abuse
Whether the magic of Gayety will expand to megb???