Post Reply
81-93 of 93
Will keep monitoring... same thing happen to Courts... pushed all the way dowb to 0.3 to accumulate. It stayed there for very long.
I think the volume will be key
HazardKoh ( Date: 13-Aug-2017 21:48) Posted:
|
I meant thevfeeling wasnt good when they pushed all tge way to 0.05+... always struggle on whether to SL
nngeeh ( Date: 13-Aug-2017 21:45) Posted:
|
I got the same feeling too... But the problem is we dun know how low it can get before it jumps back up.. :)
possible to reach 26 cents before jumping back above 30 cents ???
I think if market sentiment is poor or correction, then the BBs may dump until 25-26 cents.. But if suddenly market turns bullish again, then i think lowest maybe 27-28 cents
possible to reach 26 cents before jumping back above 30 cents ???
I think if market sentiment is poor or correction, then the BBs may dump until 25-26 cents.. But if suddenly market turns bullish again, then i think lowest maybe 27-28 cents
nngeeh ( Date: 13-Aug-2017 21:45) Posted:
|
I saw the same pattern at China Star Food ( before they announced the factory needs ro stop prodyction) at $0.102. This coy has no debt, lots of cash and trading way below its NAV). After i bought it, the BB continue to push all the way down to 0.05+.... and then... within a short period.. pump all the way to 0.12. I sold at 0.115. The feeling was good when it got pushed all the way down to 0.05+...
HazardKoh ( Date: 13-Aug-2017 20:04) Posted:
|
Another thing... if ringgit keeps falling, then the share price of duty free will not recover becos the company report it' s revenue/profit in ringgit.
hi , haha.. that' s the problem.. I also tempted to load at 30 cents as i mentioned before once it reaches 30 cents is a good entry.. BUT i look at the HUGE sell queue EVERYDAY i also scared.. we dun know how low the BBs will push the share price to... at the moment there is no indication the selling is going to stop.. and also market is at the moment undergoing a correction, so today low maybe tomorrow high..
Still monitoring..
Still monitoring..
nngeeh ( Date: 13-Aug-2017 18:56) Posted:
|
Hi Bro,
Thanks for your view. I' m not vested yet, but is monitoring this counter after seeing the chart. It has been going down with many black bars within a short period which caught my interest. I' m also seeing the same pattern as you... but I' m more inclined to view it as accumulation. Fundamental aside... I find it quite weird that the moment the price is broken... a large sell queue appear at that price.
If i' m offloading.... it' s quite odd that they will put huge sell queue almost immediately... and a they also put large sell queue at the next few PIPs. It will be like telling people to sell quickly... or dun buy. It will make it harder for them to offload at a good price as the market depth with many huge sell queue and little buy queue will only discourage buyers.
I' m more inclined to view it as accumulation... but it seems that they have the shares to keep pushing for the price to go Low... and not sure how Low it will go to.
Thanks for your view. I' m not vested yet, but is monitoring this counter after seeing the chart. It has been going down with many black bars within a short period which caught my interest. I' m also seeing the same pattern as you... but I' m more inclined to view it as accumulation. Fundamental aside... I find it quite weird that the moment the price is broken... a large sell queue appear at that price.
If i' m offloading.... it' s quite odd that they will put huge sell queue almost immediately... and a they also put large sell queue at the next few PIPs. It will be like telling people to sell quickly... or dun buy. It will make it harder for them to offload at a good price as the market depth with many huge sell queue and little buy queue will only discourage buyers.
I' m more inclined to view it as accumulation... but it seems that they have the shares to keep pushing for the price to go Low... and not sure how Low it will go to.
HazardKoh ( Date: 13-Aug-2017 16:52) Posted:
|
look really weird...
lucky I bought at 0.295 and sold it back 0.295 before price drop to 0.285
lucky I bought at 0.295 and sold it back 0.295 before price drop to 0.285
HazardKoh ( Date: 13-Aug-2017 16:52) Posted:
|
There seems to be fund selling. Everyday there will be thousands of lots queuing to sell whenever a level is taken down.
eg: around 1000 to 2000 lots queuing at 30 cents. Once 29.5 cents queue broken, the next day 1000 to 2000 lots queued at 29.5 cents to sell. Then when 29 cents is broken down, the next day 1000 to 2000 lots queued at 29 cents to sell.
There are 2 possibilities.
Number 1) BBs accumulating. So they purposely block the share price from going up by placing a huge sell queue to scare the hell out of small investor , then the small investors on seeing the huge sell queue will sell to the buy queue (which is BBs queuing to buy).
OR
Number 2) Fund selling. I remember Duty free placed out quite alot of shares to different fund managers to satisfy the 25% float requirement. So maybe the fund manager predict the new few quarters results will be poor due to economy situation or GST in Malaysia or Ringgit depreciating and they are systematically selling down. They cant sell all their shares at one go becos this will cause the share price to crash which is no good to them, so they slowly but surely selling down.
If u want to buy must look at the sell queue carefully. The sellers are still out there from my observations.
eg: around 1000 to 2000 lots queuing at 30 cents. Once 29.5 cents queue broken, the next day 1000 to 2000 lots queued at 29.5 cents to sell. Then when 29 cents is broken down, the next day 1000 to 2000 lots queued at 29 cents to sell.
There are 2 possibilities.
Number 1) BBs accumulating. So they purposely block the share price from going up by placing a huge sell queue to scare the hell out of small investor , then the small investors on seeing the huge sell queue will sell to the buy queue (which is BBs queuing to buy).
OR
Number 2) Fund selling. I remember Duty free placed out quite alot of shares to different fund managers to satisfy the 25% float requirement. So maybe the fund manager predict the new few quarters results will be poor due to economy situation or GST in Malaysia or Ringgit depreciating and they are systematically selling down. They cant sell all their shares at one go becos this will cause the share price to crash which is no good to them, so they slowly but surely selling down.
If u want to buy must look at the sell queue carefully. The sellers are still out there from my observations.
angmohlin ( Date: 13-Aug-2017 16:35) Posted:
|
Company has bought back 6.07m shares at an average price of 31 from 14 Jul - 11 Aug 17 (from 32.78 - 29.5). Will the 141% retracement of 28.5 will hold for a short rebound ? DYODD.
1) Earning drops + 2) Increase number of issued shares ==> EPS (earning per share) dips ==> dividend dips
Right now interim dividend is around 0.3+ cents. Expected final dividend is around 1 cents . Total around 1.3 cents.
So 1.3 cents/30 cents(current share price) = around 4.x% dividend yield.
The share price cannot still be trading at 40 cents for example becos it would give a yield of only 3% which investors will find unattractive.
So share price drop to reflect the reduced dividend and the latest 4.x% dividend yield.
So if profit dips further, EPS also dips , dividend also dips then share price has to dip further to reflect the 4.x% dividend yield and vice versa.
U can buy if u think the earning and dividend will improve or u not buy if u think the earning will drop further depending on situation in malaysia and ringgit exchange rate
Right now interim dividend is around 0.3+ cents. Expected final dividend is around 1 cents . Total around 1.3 cents.
So 1.3 cents/30 cents(current share price) = around 4.x% dividend yield.
The share price cannot still be trading at 40 cents for example becos it would give a yield of only 3% which investors will find unattractive.
So share price drop to reflect the reduced dividend and the latest 4.x% dividend yield.
So if profit dips further, EPS also dips , dividend also dips then share price has to dip further to reflect the 4.x% dividend yield and vice versa.
U can buy if u think the earning and dividend will improve or u not buy if u think the earning will drop further depending on situation in malaysia and ringgit exchange rate
It is a good shares to hold. Low risk with potential gain.
It seems someone is accumulating at 29.5 for many days and did not want the price to push up to 30.0. 29.5 is a good support level due to Fibo confluences @ 61.8 & 127.2 as well as AB=CD scenario. PE around 14.75 & yield around 5.42%.