Take a look at the USD/MYR chart since it's last quarterly results which was in Jan. Since then the MYR has depreciated against the USD quite substantially. This quarter's result is likely to surpass that of the previous one. Anyhow technicals look quite firm as well. Range bound as of now- expected to break out soon.
As mentioned in Feb, big boys and margin traders are selling.....it is better to take profit or even cut loss before another round of strong margin call later.....However, long term investors may choose to bottom fish due to its strong fundamentals and increasing dividend trend.
@Alex Cannot be director lah........he must make announcement to bursa for any transaction...oh...are you refer to the Tay Kim Hau ? he sold shares....
g2152755 with total of "2 post" guy look like already long hold for Pohuat??? than cut loss ...drop 30 cents in a week??? sure or not? and manutdchampion, you know this guy?
It is no point to keep a stock that has go up to twice in short period There is always two side of the story of the report The price reflect the real picture
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....
Alex Chan
3,915 posts
Posted by Alex Chan > 2015-04-16 22:10 | Report Abuse
Within next few days...