I AGREED WITH KEN LOO, THEY ALREADY ACCUMULATED BEFORE THIS "GOOD NEWS" COME OUT.... THESE FEW DAYS THEY WILL TAKE HUGH PROFIT UNTIL VOLUMN IS BACK TO NORMAL...I THINK THE SELLER AND THE BUYER IS THE SAME OPERATOR!! THEY WILL PUSH UP LITTLE BIT SOMETIMES TO INDUCE CONRTA PLAYER BELIEVING IT WILL COME BACK!!!
Please read page 4 of the CIMB report. No doubt there have been a lot selling in the last few days. Who are the 30 mil or 40 mil share buyers now in the last 2 days? The retail players? Please look at the hidden value mentioned on page 4.....
Let it fall back to 0.90 or below then go in. Now they are using the news to dispose higher & press down to collect back, typical behaviour of this counter. There will be another round but you got to wait & hold.
The disposal of the land will partly be used to pare down their debts 300M & they could announce dividend payment. Buy low is key here.
It may be also good to check the track record of the analyst. The same analyst did a good job in recommending Hua Yang 2 years ago (when hardly any other research houses bother to cover this co) as follows:-
dont worry, this is a safe level to accumulate, LBS still has one piece of race track not in their books, worth RM300m, RM1.50 should be easy in 6 months time
how seriously in bursa whats the most efficient way to track their director move ? every time only after few days of their purchase small prawn like us only realize.
he purchase from his stokist to show public that his shares is worth to buy while actually he is selling his stock via his stokist, just beware.. looking at few days movement, he is determined to push down to 90c level soon
That's why we never know how the director or those big guys playing. Technical & fundamental analysis only for our guide line. Always don't predict the share up or down.
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Euscilyn
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Posted by Euscilyn > 2013-04-12 16:11 | Report Abuse
A country economy need 12 yrs to recover. If your business started to gain profit will you give-up??