LMA   

Downtrending of LMA shares

The operators of LMA  have been trying to instil fear by selling down LMA.  Pse don't be a contra buyer for this share or else one will fall into the hands of the operators by having to sell the shares bought when payment is due.  The operators will be very happy coz' they will then be able to buy them back at lower and lower prices.  

 

Juz bought in 20 lots at 0.60ct. EPS before closing.
Undervalued, full yr result is expected to be out in Feb, with full-yr EPS expected to be around usd 4.2ct. PE <10 at current price.

 

my colleagues got 16lots @ 0.595 while there is 1 transaction sell down 60 lots at 0.595.. but, he is a contra player

 

Dear Readers,

Today, I buy 80 lots at about Sgd. 0.615 average price, will continue buying next week again. 80% confidence that it will bottom out at this price level, however, further downward in price will be my buying opportunity.

 

Agree with Hulumas. How low can LMA go? With its low sell volume, how low can it go? 30 cents to 1 cent.  If it does happen, it will become another Landwind which has underperformed (below its IPO price, if  I don't recall wrongly) and is now the subject of an offer which is a premium to its prevailing low closing prices.

 

Dear Readers,

I might look at it, "Bottom out" at about this price level soon.

 

Lousy volumes... so TA reading may be inaccurate.

But looks to be on slow downtrend.

 

Look promising... but feel not the right time to get in yet. If can clear 0.68 within the next 2 week then i go in. But by then big uncle correction is here already..so no chance...haha...just my personally view :)

 

I am no TA expert...but just practising. This is my TA take:

RSI is uptrend, Chaikin and A/D are flat 

Boll band are squeezed (big price movement expected) but prices hovering in the lower region of the band.

Trade vol low.



Conclusion:

No clear trend yet but, if sharp price movement occurs, it is more likely to be southwards.



TA experts may like to comment on my interpretation?

 

Dear Readers,

I am afraid, It is time for Singaporegal to update the LMA TA analysis. Perhaps, she is just too bussy to do it.

 

Dear Chipchip66,

Typing error, 'pick' should read 'peak' sorry.

 

Hi singaporegal,

I see that this counter had been downtrend for quite some time already.  With your TA charts indicating such downtrend again, how long more do you think that this counter would start moving again?

I am asking this cos I am still holding some 20 lots @ 0.86 (from back to Apr 06) which I bought from "advice".  I am wondering if it would be a wise choice for me to switch counter (@ a loss) or wait till I see the light.

 

Caution... volumes are bad. TA charts show that it may be on a downtrend

 

with your capital, you will not go wrong. and yet, I don't think you go wrong too with this counter~ I highly respect your holding power!

 

Dear Jackjames,

I do it so far so good. Please do not follow wrong common market practices. However, sooner or later, you will realize why I do that.

 

Dear iPunter,

Frankly speaking, resource funds is not the primary factor needed for a successful investor. However, investment KNOWLEDGE does!!!

 

Dear Hohokit,

In common market practices, It is very very very hard to find a dependable qualify fund manager taking care of my fund. I just do my own. Right or wrong no one to blame then, just blame myself. Again, in common practices I never blame myself...Ha, ha, ha... Does it sound good, DIY Fund/Asset management?

 

Dear Sporeguy,

I am not full time investor yet, perhaps it needs a few more years.Measuring the SGX market size, volume trading and liquidity. One should have at least 80 counters in constructing his/her stock investment portfolio, then it will be just nice, and not to focus in a sense of larger deviation degree, that is not wise to construct a said pure stock portfolio. I am still lacking about 20 more counters in fact........Ha, ha, ha........

 

Dear Chipchip66,

Yoma is up today, however buying at this price level is still very2 far from the pick, frankly speaking for this counter I 'll keep buying till justify to my weighting in my investment portfolio and I specially do not put exit strategy to this counter, I call it wholelife counter to Yoma.

 

sporeguy, you are right, 20 counters is okay... 60 counters?? how to monitor????? wow... i think you can buy all the capital C counters in singapore market, heee....