Posted by topseeker > 2013-09-17 15:41 | Report Abuse

if i didnt drop below 0.65 when close market mean it still in uptrend mode. it forming strong Support at moving average 50- days. I think today drop cos want wash out contra player and short term player. Hold as I believe it still have potential to go up . The graph show higher high and higher low from March 2013 until now. Resistance will be around 0.74. For those holding this stock, advise hold. for those planning to buy can wait two more days .

Posted by topseeker > 2013-09-17 15:43 | Report Abuse

tips : warrant is better than mother share.

Posted by tedbeh > 2013-09-17 15:45 | Report Abuse

But the warrant is expired in May 2014

Posted by topseeker > 2013-09-17 16:02 | Report Abuse

ya. still got 9 months. still long.

Posted by TESSA > 2013-09-17 16:09 | Report Abuse

exactly!

Posted by 0bucks > 2013-09-17 16:46 | Report Abuse

say bye bye to salcon, its going to be 40 cents

Posted by sephiroth > 2013-09-17 16:50 | Report Abuse

the trend in this counter same like lbs(initially 0.88 now 1.70 plus), get bunch of cash, nobody care for the moment coz everybody mostly short term, near d-day sky rocket

Posted by iwan1991 > 2013-09-17 16:55 | Report Abuse

can hold for long term??

Posted by anbz > 2013-09-17 17:16 | Report Abuse

yeah...but cash cows have been sold...new biz is too risky for not so experienced company

Posted by heavyth > 2013-09-17 17:23 | Report Abuse

Lets wait and see who is correct !

Posted by SPSETIA > 2013-09-17 17:52 | Report Abuse

agreed with anbz, : )

Posted by sephiroth > 2013-09-17 18:38 | Report Abuse

many companies diversify to property development eg. fitters, nextnation, kimlun, now salcon

Posted by messi > 2013-09-17 19:26 | Report Abuse

buy for potential of cash distribution from sale of water assets in China

Posted by heavyth > 2013-09-17 19:43 | Report Abuse

Cross our finger..

Posted by TESSA > 2013-09-17 21:52 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1410641

Posted by messi > 2013-09-17 22:05 | Report Abuse

Is Tan Sri Dato' Tee Tiam Lee leaving the company? Why is he disposing the warrant?

Posted by Alex Chan > 2013-09-17 22:06 | Report Abuse

don't think any dividends is forthcoming, they are using it to buy land

Posted by TESSA > 2013-09-17 23:43 | Report Abuse

messi, i dunno

Posted by hiddengem > 2013-09-18 05:55 | Report Abuse

Diversification of business activities is part of the business plan for all public listed companies as an alternative to increase their revenue & margin.

Posted by 0bucks > 2013-09-18 09:13 | Report Abuse

why the heck it didnt even rebound for 1 goddam day

Posted by cashonhand > 2013-09-18 09:15 | Report Abuse

keep drop thn only can buy in cheaper stock...

Posted by tedbeh > 2013-09-18 09:16 | Report Abuse

Because Eko World already in the process of taking over another company

Posted by cashonhand > 2013-09-18 09:19 | Report Abuse

so means this stock will keep decline??

Posted by hiddengem > 2013-09-18 09:19 | Report Abuse

It is a golden opportunity to buy on weakness. 1st support @0.62 & 2nd support @ 0.58.

Posted by iafx > 2013-09-18 09:24 | Report Abuse

becareful, clearly for the past 2 days there have been massive offloading, see price/volume... incl director dump close to 8m warrants

while it sounds all good; cash rich & JV with ecoworld, L2 team up with AZRB/MMC, but the mgmt credibility is highly questionable

Posted by hiddengem > 2013-09-18 09:32 | Report Abuse

Nobody knows how low is low but for every stock there will always b a support level. Good luck.

Posted by tedbeh > 2013-09-18 09:39 | Report Abuse

to be on the safe side, suggest we don't touch the WA, as it will be expired in May 2014, I think it is also why the majority share holder dumped 7 million shares on last friday, it proved that he doesn't have confident that the share price will go up to 0.90 in the short term and also doesn't want to convert the warrant

Posted by csk396 > 2013-09-18 09:42 | Report Abuse

What's Salcon can offer now ? Sold business in china, Tan sri not buying in, Langat project unknown yet, not much experience in property,

Posted by ahmad123 > 2013-09-18 09:45 | Report Abuse

in sound danger to enter this counter...!!

Posted by iafx > 2013-09-18 09:49 | Report Abuse

WA expiry 8 months++ away is not an issue, price support level is not the question as well, but as days went by, this whole thing begin to look more like a TRAP

possible portion of the private placement were dump into market; and only the fellow dumping it knows when to stop, while retailers keep paying the bill

overall: don't buy at all until all the dust settle down

Posted by hiddengem > 2013-09-18 10:06 | Report Abuse

Fed will release the policy statement on 18/9 @ 2.00pm (USA time) & Malaysia time shall be 19/9 @2.00am. So on 19/9 (Thurs) is D-day for our KLCI trading day, if the news is unfavourable.

Posted by Eric Yap > 2013-09-18 10:16 | Report Abuse

unfavorable news means...? QE tapering?

Posted by sephiroth > 2013-09-18 10:17 | Report Abuse

tapering might not be as bad as expected as per below bloomberg news

Analysts are trimming estimates for Fed tapering, with the median of 64 projections compiled by Bloomberg showing Treasury purchases may be cut to $40 billion from $45 billion, less than the $10 billion reduction predicted in a survey of economists Sept. 6.

Posted by anbz > 2013-09-18 10:24 | Report Abuse

eco world to takeover focal aims ...not salcon!!!!

Posted by iafx > 2013-09-18 10:28 | Report Abuse

since when ecoworld ever said to takeover salcon??? hahaAHAhahahAh... abs no such thing

Posted by anbz > 2013-09-18 10:31 | Report Abuse

in the Star...one of salcon's director that he is hoping so...

Posted by 0bucks > 2013-09-18 10:38 | Report Abuse

Salcon is going north soon

Posted by SPSETIA > 2013-09-18 10:39 | Report Abuse

salcon below 0.60 is matter of time

Posted by JTFX > 2013-09-18 10:40 | Report Abuse

Offf my bid..rethink this one..in light of the eco wrld n focal takeover development..tks..

Posted by asoh > 2013-09-18 10:44 | Report Abuse

Salcon will make a U turn i have confident in it.

Posted by anbz > 2013-09-18 11:20 | Report Abuse

already u-turn ma...haha

Posted by yakchoon yakchoon > 2013-09-18 11:36 | Report Abuse

Salcon may be a safer stock to consider even though it is the "rejected bride". It has disposed off its water assets in China for RM518.3 million (here). There is a potential for a special dividend. In addition, it is getting into property development game with Eddie Leong, an associate of Liew, probably leading the team. All in all, Salcon is a cheaper & smaller version of Focal.

Posted by yakchoon yakchoon > 2013-09-18 11:50 | Report Abuse

by,salcon going up

Posted by iwan1991 > 2013-09-18 11:51 | Report Abuse

thank you for all good supportive comment..hahah

Posted by heavyth > 2013-09-18 12:02 | Report Abuse

http://klse.i3investor.com/blogs/nexttrade/37114.jsp

Focal, Salcon & SPSetia- Liew goes a wandering - Alex Lu @ 10:54

Posted by Lim AS > 2013-09-18 12:05 | Report Abuse

R U SURE?

Posted by jordanravindran > 2013-09-18 12:11 | Report Abuse

the mgmt credibility is highly questionable

Posted by messi > 2013-09-18 12:47 | Report Abuse

why u said that?

Posted by asoh > 2013-09-18 13:21 | Report Abuse

I like the author commemnt that give high hope for salcon "Salcon may be a safer stock to consider even though it is the "rejected bride". It has disposed off its water assets in China for RM518.3 million (here). There is a potential for a special dividend. In addition, it is getting into property development game with Eddie Leong, an associate of Liew, probably leading the team. All in all, Salcon is a cheaper & smaller version of Focal."

Posted by Alex Chan > 2013-09-18 14:09 | Report Abuse

overvalued...might consolidate below 61...double top seen