ladzatz, after the big plunge on tue, today early morning, plunge again, feel very negative, straight away cabut at 1.30, thought of coming back at 1.13-1.15
steve jub, i never trust amresearch report, always give ridiculous TP , previously TP 2.48, now 2.02, with est eps 7.4 sen for FY14, at 2.02, PE 27.29X
Benalec could fall further after closing the lowest in more than three months. Traders could opt to liquidate as long as the stock stays below MYR1.30, and supports are anticipated at MYR1.20 and MYR1.15. The negative sentiment will reverse if the stock closes above MYR1.32. In the meantime, look for it to test the round figure of MYR1.40.
You mean the price will move up by itself to RM1.32 to overturn the negative sentiment? Nobody knows at what bottom price KWAP will come in to support. They have the choice to press it down further and buy back at lower price later if they are very sure of the long term upside of Ben. Chart can tell you their movement.
Yes. My assumption is based on the possibility of a lot of clients might b unable to top up their funds due to the severe downtrend recently n resulted in force selling for nxt week.
My strategy for the time being is TOUCH & GO n will not keep for long-term.
If v deceive ourself into thinking that the global economy is going to hv a happy landing somehow, u r going to get blindsided by the coming SUDDEN STORM.
V hv to watch closely the yield on 10 year US Treasuries hoping that it will not hit above 3.50% n heading for the worst financial crisis in modern human history.
RM 1.10 TP near term..don't forget people whom bought at 1.50 to 1.59 my TP is quite moderate when u compared it with mahsing that has before reached 3.38 then 1 for 5 bonus then now became RM 2.23..not worth it even with the dividen , the winners are whom sold above RM 3.30
winners for benalec are whom sold above 1.50..., while whoever bought it above RM 1.36 ...are big loser...luckily cut losses
anbz r u still holding any shares? I've already sold all n waiting for opportunity to move in using the 'hit n run' formulae. At this moment of uncertainties it is advisable to sell on strength n take profit n do not accumulate stocks for longterm strategy due to high risk of getting caught in the crossfire n burnt.
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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....
SANG-JERO
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KWAP is holding a lot of shares but if the price is right...they are going to release all...