It may go up again after correction, BUT it must also be supported by fundamental. Looking at the result and the general rubber wood furniture markets, I am afraid there may not be any more encouraging factors to spur up the price
@shareholder, you better not buylah, because after OTB gives you a price, you will chicken out like the $5000 bet with wikileaks at Hevea thread. Hehehe
Posted by sangharimau > Mar 21, 2014 04:59 PM | Report Abuse Hevea close at 1.35 and Pohuat 1.34
Posted by ulutrader > Mar 13, 2014 04:10 PM | Report Abuse Even POHUAT price is 0.15 cents more ,despite having inferior results!!!!!!! The directors of POHUAT are buying back shares
Now, the 15 sen lead by Pohuat just wiped out in ONE day. Thats the price you will pay for operator counter like Pohuat
Until now at 9.32am, POHUAT is still untraded but Hevea is already trading briskly with 1,019,500 shares and gained 4 sen at 1.40. Same operator? That he has no time for POHUAT?
How to explain this kind of stock by technical analysis? Until now only 10,100 shares done whereas yesterday was 788,000 and Friday was 2,055,100 shares done.
Syndicate stock without sound fundamental to propel the shares price from 60sen. One look at the chart, it was a linear upward line. Too good to be true
What happens to the volume? Comparing apple to apple, Hevea is a lot better. The only thing that it lacks is non-dividend paying and a fair bit of debt
Posted by wikileaks > Mar 21, 2014 10:48 AM | Report Abuse If I must use a technical term from technical analysis, the price of Pohuat and Hevea will now see a 'divergence' from here onwards, wherein Hevea shares price will lead Pohuat shares price from here.
Hevea >1.35 Pohuat <1.35
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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....
brendonyeap
1,648 posts
Posted by brendonyeap > 2014-03-21 12:21 | Report Abuse
Those who r selling are the contra players. I am not affected by the drop, as i look on the long run.