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Actually the results are quite respectable. The company has also maintained its guidance that this year profit will exceed last year's by 30%. I suppose the counter's strong 1st Q performance has generated higher expectation. Hence, the knee jerk reaction this morning on the unloading. At this price, it is still a good buy for the medium term, I mean, over the next 6 months.
Not such a good buy for Venture after all. Wonder if GES will prove the same in the future.
DMX slid after DBSV cut its price target for the computer data networks builder, which reported weaker-than-expected net profit on Thursday. DBSV cut its price target for DMX to $1.08 from $1.32, and lowered its forecast for 2006 earnings by 20%.
"We were overly aggressive in our earlier revenue and gross margin estimates for the group which we think they will have a hard time achieving," analyst Dinesh Chandiramani said in the note.
However, DBSV maintained its "buy" rating on the firm, citing the stock's "undemanding valuations" at 9.4 times 2007 forecast earnings.
"We were overly aggressive in our earlier revenue and gross margin estimates for the group which we think they will have a hard time achieving," analyst Dinesh Chandiramani said in the note.
However, DBSV maintained its "buy" rating on the firm, citing the stock's "undemanding valuations" at 9.4 times 2007 forecast earnings.
DMX is annuncing its 2Q result on Thu 3/8/06.
Hi hi...
OIC.... I am a short term trader and mostly look at what's happening in the last 2 months. I wouldn't go in to this stock now JUST because its been too quiet lately. But that's my personal opinion based on my trading techniques.
Long Term traders may have a different outlook on this counter.
OIC.... I am a short term trader and mostly look at what's happening in the last 2 months. I wouldn't go in to this stock now JUST because its been too quiet lately. But that's my personal opinion based on my trading techniques.
Long Term traders may have a different outlook on this counter.
Hi, Singaporegal, the aveage volume for the past year is 4.6 million (based on infor provided by this forum). Quieter lately. Even then, the vol exceeded 1 million on many days over the past few weeks. How? Would you recommend to go in?
Hi allantanhc,
Why do you say its of high volume? I looked at its charts over the past few months and its consistently < 1 million a day.
Why do you say its of high volume? I looked at its charts over the past few months and its consistently < 1 million a day.
Would like to have some advice from the seniors in the forum whether it is the right time to go in and buy this stock? The chart has a W formation and seems to ne trending upward with reasonably high volume.