Think will going to test the resistance 1.21/1.22 than back to to test 1.16/1.17 support.. than we will see from there will it go further down or criple the immediate uptrend or not.. loh
Hehehe... never trust the TP from any research house. I was trap last 2 years. research house target 40% increase of share'X'so i beleived to them blindly after read their rationale and prediction. But im loose 50% from previous price that i bought..
Now i learn something and realised that sometimes they(research house)just simply put the TP and give their rationale to support their claim- for promote the share to us.
How ever by reading their rationale- we have an idea where the share price should go.Now For me if research house target 10% increase of the price- i will target 7%.. if it move to 8% than it a bonus..
haha ... padan muka u . want to invest learn the strategies . dont jz read n follow .... so 50% lose mean need to recoup 100% with the remaining capital . wow... anystock that give 100% ?
Agree with bro jason.. Thats my 'black history and xpensive learning fees'. Nowdays i not believe 100% what research house comment about TP. Just read for 'clue'.. And i always target brlow their 'TP'..it workscevery time.
hello .. dont blame people . u the one want to follow people tips n view . they jz do sharing .... want to blame blame urself for follow 100% n didnt learn the proper way to invest n do ur home works
TPs are set based on comparative analyses. Analysts just don't set TPs by their whims and fancies. They have guidance such as industry average to set their TPs. It could be based on local industry/sector valuations or international/regional industry average, PER or other methods of valuations (NAV, SOPs, etc). TPs using earnings multiples (PER) could be set based on 2013 or 2014 earnings. So, u can't expect a stock to reach its TP if the financial year end is not completed. If Perdana has a TP of 1.60 and is based on FY13 earnings, then u'd expect the price to move towards the TP by end-FY13. But if another YP is given for FY14 earnings, there's a likelihood that the FY13 could be surpassed easily. It also depends on investor confidence of the stock. TPs are just guidance. So, don't take it as a hard and fast rule to achieve your investment target.
Without analyts' TPs, how are you going to make your investment decisions? If you are good in investment analysis, u may do your research and decide on your own buy or sell calls.
Agree with bro minitrader..TP set by research house to give a guide line for us.So it up for us to follow or not. I still follow their comment but i will cut TP set by them accordingly.. (eg: if they target 10% increase..i will target 7% unless if market condition is favourable)..
Who wanto learn how big boy distribution of share in live ? Pls see Itronic now !! Massive transaction at 59.5c n 60c, Let see who is the unlucky last man eat Banana ....
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BursaBullTrader
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Posted by BursaBullTrader > 2013-01-18 08:40 | Report Abuse
Wah...pre-market 1.17... loh... looks like 1.05/1.06 strong support need to be tested... let see...