sometimes when they keep delaying the release of their quarterly report...most of the time is not a good sign..but i hope it's the opposite for this counter >.<
Guys, don't u realise all the counters are losing steam yesterday cause of US fed decision? Today, they will continue on bond buying, their stock markets have gained. I bought this counter cause I expect medium to long term potential but not expecting much as the op margin is quite low at 8% based on historical,even with the cost saving. Maybe selling off when there is short term good news as I am expecting contracts to roll in with the licence in place.
it rebound a bit today.. long term they need to secure more wellheads & jacket project.. much easy to make money.. they still not ready for RSC i think.. lack of expertise.. for its licence to supply crane ? haha.. your best bet.. the only miracle to push the price is they can secure one big CPP.. :)
TH Heavy may rise after forming the “Bullish Engulfing Pattern” yesterday. A purchase can be made if the stock stays above MYR0.85 today, with a close below MYR0.80 as a stop-loss. The price target is MYR0.95, with resistance expected at MYR0.90. A failure to stay above MYR0.85 could see the stock trade sideways and the downside risk will increase if the stop-loss is triggered. - RHB Research
This is a counter which gives lots of opportunities for us to make money, many times over. It may rally so high, like last week, as high as 0.96 then goes down as low as 0.810. Next week I hope it has gathered enough power to push as close as 1.00 if not more. Sell at the top of the wave and wait to buy again when it dips low.
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....
afifi
2,036 posts
Posted by afifi > 2013-07-31 15:13 | Report Abuse
3.30 to 4.30