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ultrameg, it had been dropping everyday. Pinnacle is right. Not the right time yet. Should have waited for it to start turn around.
Pick while it is low
There were more selling down on 5th Oct 2007. You are right. Better wait and see first.
I feel that this is still not the right time yet.
Wait until the full report release, and the impact during that time is unpredictable.
Its very much depend on how much risk you want to take and has it reached your acceptable price.
If yes, and you are in for long term, then you may start to collect a few lots first.
Price is very low now. Is this the best times to pick up Hi-P?
Profit warning
Hi-P has issued a profit warning after reviewing the preliminary results for July and August 07. The company expects revenue to be higher on a sequential basis in 3Q07. However, net profit is expected to be substantially lower due to provisions for inventory obsolescence and production yield issues and higher than- expected operating costs for the Poland plant.
For the full year FY07, management expects revenue to be on track for growth compared to FY06. Management sees a high possibility for net profit in FY07 to be lower compared to FY06.
Hi-P International Ltd has revised its guidance for Q3 and FY 2007. The company expects Q3 FY 2007 revenue to be higher compared to Q2 FY 2007. However, net profit is expected to be substantially lower.
Ok. Confirmed. Lower profit.
Seem like there is going to be bad news here.
Profit warning?
Seem likely there been increased volume of selling lately. Maybe the price will be going down.
The 1 cent is back.
Hi leechongpeng,
thks for the info.
Show time.
Look like oversold for the last 2days Avg at 0.7 Value $1.8 million. Maybe it will go down then, better wait and see first.
The vol is the highest since 3rd Aug. take a look...more to come.
Chart shown opening up, sign of over sold.
Hi leechongpeng,
I am not sure whether this stock will actually go up. The direction of the trend is uncertain now.
Volume 4 times higher but ended lower. This it time to buy now? How high will it go up?
Come-on! 1 cent also take back.
In return for momentum, RSI (above 60%), MFI (money flow index) hitting 80% and with 2nd cups formed. Worth!
Price seem to go up yesterday. Why? This counter has dropped alot. Is it safe to buy in now singaporegal? Does the rules "Buy high, sell higher" applied here?
Bollinger bands really tight. Large price change may occur.
Good one.
you get one cent more.
More move coming up. RSI is hitting 60%.
Didn't check on the financial statements. But technically speaking, this long consolidation may in itself a good thing, for a strong consolidation leads to a strong rally (if it ever comes or if it's going to rally). I should think that the signal to buy would be at 0.730 (broken it's last lower high) or if you've a bigger stomach for risk, 0.715 or 0.720.
Just my 2 cents worth
