I love Cypark. Of course for trading only. It is a high beta stock. Every time it shots it will definitely down kuat-kuat on the following days. As I said before, when it shots, don't hold for long cause you'll always have chance to buy it back at much lower price. I don't invest it, I just like to trade it. So, don't be too greedy on it.
Price seems to be lower than the usual range. Quite an attractive price to go in and earn some pocket money. Dont think it would be hard to get back to the rm2.50 range.
now world market jittery which affects our bursa market as well but i'm still seeing it a great buying opportunity for certain counters including cypark. just think ahead of others who dump its shares (contra players, margin call, portfolio rebalancing, foreigners reducing, etc.) renewable energy is a good progressive business and it will only expand its capacity in long term so why dump it if u can own it at cheap now? i'm not campaigning to encourage ppl to buy but jus my 2 cents.
novice8, i'm seeing a similar sell-down pattern on the chart but jus serves as a reference to my TA.
this week likely consolidation since klci seems like breaking support...plus all the major markets seem bearish...nonetheless everyone can try to prepare some funds if available to buy shares at cheaper prices...
Advice: Dont invest in this company. The company has serious management issues which cannot be solved . I approached this company to assist them with regards to growth on a huge solar park project in Malaysia and overseas and they turn me down without even going trough the required tender documents . The company top management are always not available and also does not have any vision of growing the required company. The company CEO also has very limited approach and also does not take into interest of discussing with regards to projects in the near future and has a very bad image in the cooperate sector. This company is another run down Malaysian company which moves with government cycle and once this cycle is changed this company policy will change. Please take this advice as because i have done a complete due diligence on this company .Thanks
can't really judge a company based on a few personal encounters, would u? i too had bad enconters with tenaga so? over the time, ppl's opinions may diff. just stick to ur own gun and manage ur own risk.
like it or not, cypark will definitely rebound unless the sun is dead otherwise it will jus keep producing renewable energy & expanding. for haters, u can jus stay on the sidelines while investors will keep making good money from it.
novice8, yes it's showing support at current price levels because of the 200MA line on daily chart which is usually considered a strong support in TA. Now it's also oversold on stoch osc indicator so no reason to drop any further. yesterday seen some big players queued at 2.14-2.16 levels as well
Hi LC Chong, I was just looking into Cypark and noticed that you did some detailed work on the stock. Do you think financing will be an issue for their expansion as their debt is still high despite a placement last year. Also CGtan2020 post above about their new plant, any idea how much that would add to revenue. Thanks and a happy CNY to all.
novice8, i think you better put your money in other counters first. Safer. I sold off some remnant Cypark shares i have. Sold off abt 70% of it when it was at Rm2.43-44-45 range. Due to some silly mistake abt 30% unsold. Kept and kept then looking at current price, I think enuf edi la. I need money for other counters. Lol. Sell off at a bit of loss for the remaining 30%.
Novice8, red time is a really exciting time if you have the money la. Like a lady going to a mega sales carnival. Can buy bargain price stocks. But if no money then quite boring lo.
novice8, share market if go up is a good thing. No prob. If everyday sea of red like yest then can get pretty depressing and boring. When markets are bullish then perhaps can just keep your money wait for next drop/correction to buy back. From my experience, there would always be a down time for the market. So dont need to so eagerly go chase after moving train.
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....
E R
282 posts
Posted by E R > 2014-01-09 09:26 | Report Abuse
going to break.. head n shoulder pattern... hahaha