Please look at Gtronic chart as a guide. Reduced profits but prospect remains bright, the share price will initally react negatively in the first 10 minutes before it normalises thereafter as more and more investors are able to digest and think rationally about its future prospect.
Gadang Holdings Bhd saw its net profit fall by as much as 20% to RM16.62 million or 6.46 sen per share for the first quarter of its financial year ended May 31 2017 (1QFY17) from RM20.86 million or 9.61 sen per share.
what is the thinking of institutional fund is a matter, not trader. they wont sell a share because 1 quarter report not perform . they bought on company prospect. when share price drop , it give them a opportunity to accumulate more. let see ...cheers...
how come people so happy to buy construction stock in a country that is heading into deep recession and govt has no money to spend and keep extracting from rakyat?
wow... really drop below 3 meh...? i recalled that 3 is quite hard to break for gadang.. took few times to break it and nw so easy to drop below 3... sigh..
looking at felicity article there he show gadang has a negative cash flow that is three months ago in fact the latest qr show gadang has positive cashflow of 9.8 million pls check it out
need to be rational and not emotional. profit down, order book shrinking and coming up bonus, plit, warrants, will further dilute the eps. Sell now when you still have chance before your pants are gone. rmb the buy mantra but also rmb the sell mantra. all the best guys
looks like short tem is going to be under selling pressure. even if rebound after sharp drop, better don't catch it. a stock is not automatically cheap just because its price dropped significantly
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....
UniC
482 posts
Posted by UniC > 2016-10-28 07:01 | Report Abuse
Pump and dump by oldman and dog. history repeat. FL berhad. remember?