At the current price, it's only 10% of the peak, how much more can it go down? Wonders ..... Anyway the company has been cash flow positive for the past 3 years, a fact that has been overlooked by most of the investors.
from this 2 days, we know ppl start selling before 20 Nov... Interesting... I think 20 Nov it might drop below 45 cents if still not contract or good quarter result announce..
I believe traders can buy now for a Contra play. General Lee must be expecting the worst before going into quarterly announcement to give a good set of results and shore up confidence. Good luck KNM holders!
franksoweto i predict revenue is 600 millions and net profit is 50 millions . the net profit i say more ady . report come out today net profit was 44 millions only.XD good luck to me and knm share holder
I think the reason to announce good profit in lunch time instead of yesterday night is because MR Lee wanted to flush out the speculator this morning and let ppl to sell the share first... So that there won't have strong seller later.
In addition, short selling player will start buying back the counter and push the price even higher today.
i no working there . i'm an investor is looking for business revenue company . when the price drop so bottom i will tell all the trader and investor to buy back and avg it as low as possible.
hahaha.. see the history trend... Last quarter, morning session closed at 57 cents, after it announced Q2 result with RM33m net profit, the share open at 61 cents and hit up to 70 cents and next day hit to 76 cents.
This quarter, it announced Q3 result RM41m, and i believe the price open later will be around 48 cents. However, today situation will be difference as mother share (converted from right issues) started to trade today.
You will never know what will happen... let's have a wild guess here.. Mr Lxx might instruct fund manager to short sell the share just now and, after announced profit, it buy back again and it will push the price higher.
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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....
yungshen1
2,134 posts
Posted by yungshen1 > 2012-11-17 15:07 | Report Abuse
predict only smallturtle.