tamp0i ... agreed. But to see it going down so much, and stay down for so long ... does shake the confidence a bit. I still think it will reach the 60 sen level.
Bull trap or Bear trap or despair or whatever , it will always return to the mean value. Last PP was complete at 0.515 . So we have to set our own mean value 0.40, 0.45, 0.50, 0.55, or even 1.00 for some, to decide sell or top up when price retract and grow. BUT it never an easy task and decision
Opportunity for the biggest piling company in Malaysia $ECONBHD / 5253 (ECONPILE HOLDINGS BERHAD)? Spotted a great buy opportunity as it is greatly greatly oversold. Finally see a big buy volume today after 2 months of selling/consolidation. However they will still continue to report so-so earnings for 2 more quarters, but do not let this fool you.
Construction in the private sector have already started picking up since Dec20 and Econpile is a strong prize winner with its reputation and price competitiveness. I won't be surprised if they successfully bid one or two during Nov20-Feb21 as they have been/is tendering a few projects during this period.
As one of my favourite construction stock, please bear in mind the moment construction sentiment is back, this stock will be the first to fly. Due to strong familiarity on the ground, my prediction is that construction sentiment should be back or a successful bid within these 3 months.
Actually govt project is jz a bonus for econ , mostly econ rely on the piling for property development ,which contribute 70% of revenue , do you think housing demand will increase in future , i do think , and so they will need econ to do piling , somemore they have cambodia project , im confident with econbhd for secure more oversea project , and you can see the share price drop is due to the RSS , instituition is making control of the share price , one day they will nid to buy back , as value will be revealed in one day
AMinvest is back . Whenever Econ price go up.. AMInvest will be here to write it down . Being doing this since last year . Econ must have piss the fellow writer real bad
Even glove traders are moving away to recovery stock dy , covid cases are declining, vaccine is coming through by end month + govt is desperate to revive the economy. Many buying in now into tech, oil&gas and next will be constructions stocks!
Sd i think mayb the result will not be so enlighten but the worst is already gone , somemore econ is do piling mostly for property development, so should be okay , and the buying pressure quite strong , bad times should have already gone , good luck everyone
@Joyce well this is the problem, we never know when is the right time to buy but worse is when is the right time to sell!! Same problem here...we ain’t market makers..
However, never get married to a stock.. A little gain is still a gain :)
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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....
Godofgambler
5,307 posts
Posted by Godofgambler > 2021-01-29 08:32 | Report Abuse
Why not we do like gamestop. Gather all retails power and goring this econberhad up?