just to share base on the TSri buying and selling from 21 Dec 2012 until todate; 1. Buying under direct ownership total 2.5m units gadang share at average price of rm0.593 per unit, this made to his directly own total of 8,766,666 units before the disposal of 4 million units on 16 n 20 May. Balance under direct ownership now is 4,766,666 units.
2. Buying in indirect ownership (i.e bought by his company)total 6,921,700 units at average price rm1.377 per unit and as part of total indirect ownership of 66,402,527 units todate, for now nothing sold from this indirect holding.
In my opinion based on the balance direct ownership of 4,766,666 units (average cost per unit of rm0.593) and recent buying under indirect ownership of 6,921,700 units (average cost per unit of rm1.377)gadang has long way to go....??? I may be completely wrong...only god knows.
Let listen any different opinion from you guys....
what i mean Tsri is still keeping a lot of his direct + recently indirect buying (more than 10 million units) as if it indicates potential gadang future expension and growth....if not he could have sold all and still made a lot of money maaaa.....
likely to take profit of rm4.4million out of average buying around 60sen and sold at 4milliom unit@rm1.77 on his direct ownership... it a lot of profit...but why not sell all another around 4.7unit for another around rm5 milion profit...
I Think bank negara wt to up interest rate to control the margin share account too hot ,she fear overcook as 87% household debt to GDP.. just prediction by ocbc bank july BN will action then grop like that ha BLR 6.6-2.1=4.5% IF UP 0.25 means 4.75 % .
today will stay above 1.70, but the real test is tomorrow. if rebound at 1.67 and with high volume, it is a double bottom pattern that, a bullish sign. Notice gadang always rebound at RSI 38-40. Now it is 52, i think maybe drop for another 3-5 days, but slow drop....
TQ dg123, yes i will wait n ready to buy some more below rm1.70....so far my average price is rm1.187 and try to maintain my average price rm1.20 and below with the any new buying in.....
400K@rm1.77units bought by SUMBER RASWIRA SDN BHD on 20 May, indirect ownership by Tsri...but sold 4000K units under direct ownership on 20 may...interesting move...
4000K units was sold through broker and it is any body guess what really happen....one thing to me as if everybody is busy buying and accumulating at this level and i just follow the crowd slowly buying and accumulating....
Today Gadang already touch up RM1.68 near my plot support RM1.67... if possible Gadang bull tomorrow....? If Gadang fall below RM1.67.... hmmm... Gadang may look for RM1.40 before bull up again....
to me everybody is hoping for up swing but the reality market move up and down..have to find way to enjoy both sides..i.e down is buying time up is selling time...don't worry eventually it will move up...when is anybody guess...may be will be push up by many billion Yuan brought in by the two pandas from China...??
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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....
JT5774
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Posted by JT5774 > 2014-05-21 07:16 | Report Abuse
Good Morning, Gadang Investors, Happy Trading!