
Its time to go in again. :)
Let see how it goes. Maybe the stock in reality is NOT fundamentally sound if 70% of their total business is just with Motorola which the white building is just near my place.
Time to ask my brokers (OCBC and DBS) to go find out for me those info - No wonder my brokers dislike me. Always asking them to find such info rather then me asking them for stock recommendation which I reply, if you provide me these info, you are indirectly recommending stocks to me. :p
Looks like shortists covering now. Will probably close with a doji. Chi getting better now :) Nice to watch and comment from the sideline when not holding any poisition.
Peace
Kilroy...
It's good that you've acted according to the visible technicals, in spite of holding an 'attachment' to the fundamentals...
So it is good that you are the one who have benefitted from true objectivity... :)
But follow the trend and get back in at the appropriate time... (if you still like this counter)
Hold Rating? Sure, its their EDGE they have in making retail investors believe its worth holding so that they can jump ship while you continue HOLDING at that crazy price. Why not put just be transparent and put a SELL rating. :p
I suspected someting was not right on 27 Feb when the price dropped despite positive results. I held on even though the price hit the support of 1.08. I should have dumped it at 1.08 but my emotion got the better of me and led me to think it would retrace up at least by 31.6%. I put in my stop lost everyday at 0.96 and 13 Mar was the day it hit the stop lost. Glad I am out. :) In my mind I can only think of one think which is not relevant to TA analysis - what a cock share! hehe.
It fell to its lowest level since Oct 2003, after DBSV cut its target price to $0.98 from $1.27.
"FY07 revenue should continue to grow on the back of new business segments, but these are lower margins compared to existing business," said DBS analysts Sachin Mittal and Tan Ai Teng in a client note, adding that they expect net profit this year to fall by 8%.
"Furthermore, the company is exposed to the risk of a slowdown in Motorola
Mittal and Tan kept a "hold" rating on the stock.
jackjames, did you hoot this guy?
where do you think is the floor support? 0.3+???
nickyng, the luck is on your side... 0.85 now..
hee....looks like $$ is on my side by shorting this siah !!!
:))))))
hey! me juz shorted 10x 87cts !! wish me luck :P
wah !! 87cts liao !! any1 shorter?? hee.....v. tempting... :D
wow..as we speak..some1 beat me to shorting !! 88cts now!! hee...
wanna short further? hee...
if get cheaper, will attract takeover...
dunno y...seems to hv this impulse to short down this counter :P
The trouble is that the chi of this counter doesn't looks very healthy now :)
Peace
dun care whether is good company or not , as long make money in the share. it has quite a no of gd tai chi players...
but good news is... many people also willing to buy at this cheap price.. well, u never know, it can rebounce fiercely... at least, the sell down, many people absorb quite fast also... but, honestly, is this a good company? anyone working there?
Hell, the floor broke. This has become a killing field for the mercenary shortists.
Peace
i cant believe this.