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Alright, managed to get some cheap stock todays, still waiting for more.
acheang, in order to understand how Temasek's divestment works in favor of EDMI, you must first know what the company is doing. With the liberalization of the energy market comes competition and definitely all will go out to be competitive and improve efficiency. That is where EDMI's product comes into play and demand for its product will shoot up along with its profit. Up, up and away.
Rightly stated cyjjerry85, can see strong buy up and interest in this counter. Volume is rather low though but the best part is seller is not in a hurry to dispose quality stock which they know will ultimately become a bagger. Still holding tightly and waiting for chance to accumulate more.
Regaining its lost ground thru slow accumulation by BB, awaiting the next outburst once investor recognised its fundamental and the environment move towards its favor. Slow acumulating and patiently awaiting the good ride.
With the news Temasek is selling the three Power Station, expect competition to increase and Co succeeded in the bid will try to bring down cost to improve profitability. EDMI will stand out in such favourable conditions. For medium term, expect it to move to 80 cents before hitting $1. Furthermore, believe EDMI is in the niche sector, most promising.
EDMI is potential counter to look at. With oil price on the roll, meters will grow in importance and demand will escalate upward. Hence, find that this is just the beginning of the growth path. Today trading shows BB strategy of accumulating by removing the support level and letting it fall first before coming in for more. Still holding tight.