cherry, i don't think you can call it a downtrend. It is moving sideways for the time being. Probably those very short term traders and contra players are clearing positions when opportunity arises. I believe there are still some more upside potentials to its price but need some time.
caven 101; I agree with u totally. don't come to this counter and be shit stirrer. Where is sklyte? He used to run down this counter, but now bleeding at hibiscus. Give constructive criticism which is welcome by all us investors.. Barakah will move up after all these contras r cleared, hopefully from next week onwards. When it moves, we will be surprised.
i don't remember deleting my earlier comment...my old age. Malhi Diljit, your choices look sound, I am comfortable with Barakah, i look forward to t4 and am confident 1-2 months time the prices at this level will be insignificant.
calvin, i am not chasing, i just said buy if below 1.50... it is nothing if compare to KNM, KNM not so solid o&g player and also had been touch by syndicate....
Before one take cheap shots at Barakah, kindly try to know the management team and the people behind BARAKAH. It will trend higher for sure. Currently market is retracing on the whole due to the holiday season. Happy investing.
psd57, I agree with you. The management team comprises of experienced people from the O & G industry. They will grow Barakah to greater heights in the coming years. Could break 1.80 soon.... I intend to buy some again today. It looks promising at this price.
agreed..such a good opportunity to buy at much cheaper price.. i can see it can drop more deeper and possibility to touch back @ RM 1.300 price tagging ..depending on how crucial correction is.
can heavily drop by next week. if tonight Dow Jones closed in red , it's much better.
market consolidation is good to make it neatral back and start 2014 with discounted price..that's the price can offer us more profit..
i'm still remember SKPETRO @ RM4.30 and bagged 6 billion contract from Petrobras..in August..but falled to RM 3.20 coz of heavy correction a week after announcement..
It is still an up trending stock. Are you sure the price will drop a lot ? Please do not frighten yourself. I am only worried that I buy into down trending stock. As long as you buy up trending stock, you cannot lose a lot of money. It is always "win big lose small" for up trending stock. Please take note. Thank you.
Mr OTB, are you serious? Let's see next week is up or drop? Downtrend is coming, NOT correction..LOL...will be below RM1.29 most probably if there is no good announcements.
Barakah is better than the management of Hibiscs, hahaha..Hibiscs always ask shareholders to donate money without giving any benefits...hahaha..invest a stable and safer companies like homeriz, tguan and prtasco if you are new investors. Surely they will cry then.. =)
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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....
ProfitMan
2,094 posts
Posted by ProfitMan > 2013-12-19 15:58 | Report Abuse
cherry, i don't think you can call it a downtrend. It is moving sideways for the time being. Probably those very short term traders and contra players are clearing positions when opportunity arises. I believe there are still some more upside potentials to its price but need some time.