yep... i believe aqrs turnaround will come very soon... never seen my remisier that optimist about a stock before so willing to hold and see what happens...
@jackson, riding for sure. If we extend the chart duration, where we are at is but a small blip. This is a long time coming and a first convincing breakout in as many years. Way too early to take all profit
Now we have to see how strong it holds at new support circa $0.350. This looks more like the formation of a new trading range $0.350-0.400 than a false breakout. Still, can't be sure
For this one...as do all others which trend has just turned, it's always difficult to hold. Well, what I do is add about 25% to my existing exposure. e.g. I added 25% more at $0.355 instead of selling, and then when it runs at least I get to sell that 25% to settle the itchy fingers syndrome and hopefully it's easier to hold onto the 100% lol
There's comfort in the sector wide run. If this is a run solely by AQRS it'll be harder to hold so much comfortably. Keeping a keen eye on the sector esp UEMS. Like it or not, even tho UEMS can come down by 30% and still come out way ahead of AQRS, should that happen it'll destroy sector wide sentiment and we could either quit or be prepared to be locked up....
That 125% has worked to my favour with UEMS. I sold way too early, bought back at 48.5c, chickened out at 52.5c, and then got back again at 55c. It's a terrible move but I later figured this sector has turned, it's bullish and what we did right for the past few years should not be applied to the current market...wanna make $ or not right
For a company with a track record of Govt jobs and in fact currently still working on LRT3 etc the market cap is simply too small, I am talking about absolute size. AQRS market cap is only RM195M at today's price. Even Econpile is RM389M. If there's a sector wide recovery, it really isn't that difficult for AQRS to make that much in profits alone isn't it 😁
MRT 3 $30B: Gamuda/ MMC, IJM, WCT, AQRS, MRCB, YTL, HSSEB Pan Borneo $4B: AQRS (JV with Suria Cap), AQRS (Pre-Cast JV with Sabah Econ Board), WCT HSR: Johor Developers (AQRS The Peak) Forest City Special FZ: Developers (AQRS The Peak)
Yes and EPF lends credibility to this stock. They were holding much more back then, and pared down to below 5%. Actually EPF isn't a good gauge of price direction. Very often, once they are done selling the price rebounds e.g. MyNews. But in this instance, it's good because we need that credibility - this being so small-cap in a big boys business, yet attracting EPF managers attention
The movement today appears to have the intention to exhaust sellers at this range before a push higher. Yesterday the buyers were adamant to keep it at 37.0. Today 38.5. As this drags on, I believe few can hold all the way - so hopefully once sellers are exhausted and new buyers are built on this higher range, we will no longer revisit the days of below 30c
Steady as it goes at 0.390. Traded some excess portion at 39.5 - meaning I have more funds to support should it retrace lol. Still holding >100% original position
@jackson looks like EPF doesnt have a big hand in this. From the volume so far, it also appears that the player in this counter is a smallish one, or that it has not attracted enough players. Testing patience when we see peers running. Even Econpile...HSSEB...Or the giants running like UEMS lol. I am out of UEMS to sell as of today, now if I see it go to $1.2 also can't say anything lol
This sector is back since the last time it run from 2017-2019. Good old days back then, now with significant moves and more volumes compare to last time it bullish
UEMS...lol I shouldn't have chickened out on that one, should have stayed on both. Played it wrong again. A lesson to remember, again. Anyway all is good with AQRS, nice momentum beautiful chart
Bro why you delete the post on useful information on the Peak revivial now known as Puncak Tebrau as you said, worried that too many people know and buy too much before you buy more? 🤣
no.. just curious why EPF sell... jackson got told me a bit but i never go into forum to check his msg.. plus a bit scary when suddenly see EPF selling...
Probably just like what I do lol, I have been selling/ buying a part of it too, yet I remain very bullish on this counter. Make some extra as it consolidates, while addressing itchy finger syndrome
EPF's volume isnt' really affecting the share price. More like the players are taking the opportunity to move the share up and down. See if they have the bullets to push it back down to 30c, for that to happen will also need UEMS to lead the losers otherwise hard to push down la
Seems like share price will move in narrow range until THE PEAK CONDO abandoned issue being resolved. Later update: Name changed from 'THE PEAK' to 'PUNCAK TEBRAU'. Project progress changed from 87% to 41%.
Price push down by EPF might due to too many retail investors keep holding the share & EPF not able to collect back the shares they sold at lowest price. This might be a reason GBGAQRS company so silent now waiting instructions from EPF before announce the update about 'THE PEAK' future plans & actions had been taken.
Now only can do is keep the shares at safety box & lock it until price break through 46 cents. No point to keep on checking the price unless THE PEAK issues being resolved
I disagree eddy...if the sector pulls back, regardless of the PEAK, AQRS is coming down together, and vice versa. It has not yet stabilised to that level that the PEAK, or fundamentals determines share price
@unclefollower, I agreed that currently share price pull back was due to market sentiments. What I would like to said that the price will not have big jump like UEM or WCEBHD as you can see for few years ago, GBGAQRS price is much higher than these 2 counters.
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Posted by UncleFollower > 2023-09-04 17:22 | Report Abuse
why so quiet...everyone sold?