EngKong   

Eng Kong - Wrts issue

anyone still interested in this counter?

bollinger bands seem to be squeezing....

 

hi tiandi,

thanks for the info :)

currently think it's better to stay out of market, dun know if US will go down more and drags us along. we should also be wary of rebound as it may not be sustainable. was told just now that Murdoch buying dow jones will provide some support to dow for time being but after which may be heading south....

keep some money to bargain hunt for fundamentallly sound  growth companies with low PE and perhaps high dividends.

 

even so...the risk-reward ratio for EngKong is no longer attractive now...it is deemed highly risky...i regretted not selling at its first sign of downtrend...but its better to make a few hundreds profit than lose a few thousands

 

hi fruitty,

when I read charts from SJ's, I have the same reading as you, that is , down trend.

Care should be taken , as I often read from Singaporegal's post, she mentioned TA charts for penny counters and counters with low volume normally are not accurate.

for your information, You may request Singaporegal or other TA's people  to help you read the chart if you are in doubt.

hope it helps

 

EK chart still looks downhill to me, but correct me if wrong coz i'm very lousy in reading charts. I tried reading SGX, their website and whatever info i can find on EK and still think their business is sound. However, their PE is very high (over 30) when it's trading over 30c. may wait for price to be more settled before buying in again. checked yesterday their website and saw that DBS did a buy call in Mar 07 with tp 28c.

 

i cut EK today. painful but necessary.

 

Not alone, charts look bad for most counters........

 

Chart looks bad, but i'm still holding..

may wait for the result perhaps in Aug.

or if it hits my buying price, i'll sell. think capital protection is more important.

 

guys...just wanna say tt i have sold off my part in EngKong today at 0.285...bought long ago at 0.27 when Victoria call for it...now he's no longer around...don't really trust the Aug uptrend for this stock anymore...technically its going downhill...

 

should EK be sold?

seems like the chart looks downhill.

 

not sure what happened to EK, but price fell from high of 0.34 to 0.29. maybe more to drop..

 

yea lor no more advices from him for this counter...the last time he mentioned was to wait till end of Aug

 

Eng Kong went south when Vic left as well. hehe

 

aren't u guys worried that EngKong keeps going down since early this month? 

 

can anyone shed light when EngKong results will be released??

 

with FA fundamentally sound...its gonna creep up slowly back after the sell-down yesterday...many still have faith and holding on to Eng Kong

 

understood lah.

but hor,..when u hold EK for sometime and decided to sell now (due to no action) and who whose next moment price started to shoot-up, the feeling is "dui" liao lah!

given dui vs sian....I rather choose sian for now....not to forgot EK is Vic's top few secrets leh! I have faith in Vic....and EK too! :-)

 

sounds exciting...but ya know lar...human nature of impatience is always there...seeing Eng Kong decreasing bit by bit or stagnant recently...really very sianz lor

 

BBand touching lower band and Stochastic osc is oversold :-)

just my view only hor!

we will see next week.

 

hi sim_ke...just curious how u derive in TA that Eng Kong waking up real soon?