"bear Style" sell now buy cheaper later. "bull Style" Buy Cheaper sell High later. "Bull Make Money, bear make money, but Pig get slaughtered" and dont forget "never catch a Falling Dagger"
i just feel like a sex-starved man in a harem! Already know what is my TP, so just wait for the milo shake to be done and dealt with. All just a stupid mistake by announcing they are cancelling the proposed 1-5 scomimr deal. no big do to market reaction!
there is a difference between a stock that is losing business and a stock that has yet to report revenue. the former shows fundamentally weaken position whereas the latter shows opportunity! Hope the smaller capitalized investors can catch the difference and make money.
i cannot say Ng, but its surely a mistake. one day deal, and suddenly fundamentally change everything? i think not. its panic selling. Mr Market is confused and depressed!
and personally, i think it was wise to withdraw the scomimr deal, because it will give a return (since scomi holds 40+% of scomimr) if scomimr climbs. I think investors are disappointed and reacted, very much like IJM which once drop more than 15% of its value over a week! Market is very unforgiving!
Oil and gas sector started cooling down already, telecommunications sector now started to warming up.. Gpacket, redtone, TIMECOM.. Moreover, this Friday astro might stun the mkt, eventho analysis says its not cheap..
small mistake and confusion has spark fear, and erased the hope for this counter. event the fundamental still intact but sentiment of fear cant be ignored. like i said before "Never Catch A Falling Dagger" pick the dagger only after it touch the floor (stable Price)
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
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....
Ng Kai Yau
676 posts
Posted by Ng Kai Yau > 2012-10-17 10:40 | Report Abuse
really heavy selling pressure