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Volume slowly drying up as today traded only 3.6m with 2m selling and 1.6m buying. Notice few batch of big selling in single trade of 300,000 and 500,000. Support level at 16.6 cents is critical as breakdown will move Frontline towards 15 cents support level. Will accumulate more if such opportunity presents itself.
Frontline has been consolidating for 5 market days. I guess it is just waiting for another good news to boost it share. Therefore BB will come in again to play. Awaiting for the announcements.....We sure see...
5.1m traded on Friday with the bulk of 4.9m at 17 cents. Seems to be accumulating phase as 4m queue at 17.5 cents to force dumping so that BB collect cheap. Well, the weak will be force out and waiting for upward thrust, probably near the annoucement of the FY07 result.
Frontline has been consolidating for 4 market days. I guess it is just waiting for another good news to boost it share. Therefore BB will come in again to play. Currently is just a resting period, in order to run with the BULL in time to come.
As to answer go_francis, long run for me means a year or two. But I believe that this stock will provide a good return in next month.
Frontline is definitely worth it to buy. With its strong financials and strong management team, outsourcing projects and healthcare projects in the pipeline, must watch out for this stock. Also a steady stream of dividends. Accumulation is in progress.
Look for the long run and see for yourself... give another month of Frontline... Should double your returns...
Another quiet day for Frontline with little sign of BB. Mostly retails trading with seller @3.4m and buyer @3.2m at average price of 17.5 cents. Accumulation phase??? High possibility ie. flushing out traders in for short punt.
I fully agreeded with winsontkl, BB is accumulating phase of Frontline. Eventhough the market is soft, the accumulation is still present. I believe everyone is sideline waiting for Frontline to announce some wonders...
We shall c....
Quiet day for Frontline with trading volume at 8.5m share today, however, support still at 18 cents. Slow accumulation by BB today, little sign of aggressive buying probably trying to shake out those on speculative / contra playing before moving in again. Also to take advantage of lower price to buy-in and increase the profit margin till Frontline result out next month.
elmo10 - we are here to learn from each other. However, as to wait or sell depends on your own set of criterias before you invest in any counters. That is for quick profit or set youself in investment mode - to buy a share in a company for long term growth and ride on it. Happy hunting. Cheers.
I fully agreeded with winsontkl, BB is accumulating phase of Frontline. It is considering still at the low price, as compared to other stocks and fundamentally unsound. Frontline has been keeping up with the performance and hopefully there will be some surprising announcement for the upcoming FY. Cheers!!!
Frontline has been on the top volume lately, total trade 37m, quite respectable.
Just to summarise for today trading, a mere one cents upward movement resulted in sellers coming out in force. There were approximately 26m selling vs 10m buying at the range of 18 - 18.5 cents. This constitute the bulk of today trading pattern and as usual, much accumulation by BB were in the morning session.
Seems like we are only at the beginning of the ride, Frontline only recently started to gain more attention. BB is starting to accumulate more at low base price these few days. Next month might the triggering point as many investors can use its FY07 result as a guage and expect better result for the near future.
Just have to be patient for it to grow and appreciate in value!!!