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Congratulations... Good pick by you... :)
Ho say liao .....
Continuing it's climb .....
Can anyone explain how this will impact Contel share price? Don't really understand this at all...
Today's Announcment:
-THE PROPOSED ISSUE OF UNSECURED NON-INTEREST BEARING CONVERTIBLE NOTES DUE 2011 WITH AN AGGREGATE PRINCIPAL AMOUNT OF UP TO S$50,000,000 COMPRISING TEN EQUAL TRANCHES OF A PRINCIPAL AMOUNT OF S$5,000,000 EACH (THE "NOTES") TO ADVANCE OPPORTUNITIES FUND
anyidea wat tis fund is...ADVANCE OPPORTNITY FUND...?how big the fund is?if u know ...tks!
thats why i prefer to bang on the forward PEs (prospects) than the historical PE. the reason for this counter to be cheap now in relative to its prospects does provide the safety margin that i need.
Anyway not an inducement to buy. :)
Humans are a strange lot, aren't we?
"Buy on rumours, sell on news" always hold true...
advance opportunity fund is the banker for tis counter..is up to them..or CAPABILITY?to move this counter.
PE Ratio, NTA Value, etc etc... are pure fundamental 'human values'...
To the pure 'fundamentalists', the stock market is a rather strange place...
Sometimes to the extent of being 'stupid'...
But the market is never wrong!...
The market must be respected at all costs... :)
there is alway got a reason y the share expensive or cheap.....dnt misled by PE..
Not too worried about the TA for this counter though since BB (u know who) can manipulate the price.. As long as good news keep coming in (the tons of maiden profits, steady profit growth), this should be safe in the mid to long term.. Look at the STI index now, at this level can hardly find a counter with historical PE less than 5, good earnings growth and PTB less than 1.. (thats why still dare to accum. more when price starts to fall. The saying 'one should not chase the price downwards" is not applicable here.)
Hmmm ..... smells of heavy accumulation at 19.5 cents .....
Anyone think this can cross it's high ?
By today ? By tomorrow ?
hmmm...i view the TA seems good at all aspects...Acc/Dist, Bollinger Band, Chaikin...etc etc...however i like to ask the experts here who how do you view the MACD? it seems negative?
Squeeze hard baby
A very good chance to breakout of this 1yr+ falling wedge formation. If it does, the spike will be huge.
Technically, good support now at 19 cents ..... (resistance turned support) .....
Immediate objective 21 cents .....
If cross over ..... will rocket ..... ?
i can see this baby moving forward...charts seemingly good~!
The next big thing .....
Thanks Simonxda, will consider holding the stock for long term on monday if it is not moving yet.