BSTEAD is another stock worth looking at:

Buy: above 3.47
Sell: First target 3.64 and second target at 3.84
Stop: 3.38

Comments and views please

good luck

This post has been edited by rosdi1: Nov 11 2009, 12:57 AM

My ABP is your first TP. but I am buying for dividend.

So dont buy when below 3.47

Sorry i don't understand what is ABP (Actual Buying Price)?

I Forget to mention that most of my posting are for short term strategy (2 to 3 weeks) not an investment strategy.

For short term upward momentum is very important and if there is no momentum you couldn't make anything in 2 to 3 weeks.
For me if it don't hit 3.48 today or tommorow than i will not trade this counter. I doesn't mean that this counter is bad if you are on a different strategy. But remember that any strategy you use you must still have your stop.

Another point is that the Fibonacci resistance line is at 3.47 so we want to buy after it had broken the line.

NB: This stock pay a good dividend (0.25 sen last one) so I think you are right to choose this stock for dividend... but remember you should still have your stop.

i have boustead too, same aim as protonw, buying for the dividends & company growth.

Your second target is lower than my buy price I buy for dividend just like pana mui mui and protonw.

ABP = Average Buying Price

I'm still trying to catch this Bstead. Most likely will go onboard after Maxis IPO result

I think you have to learn stop loss. A lot had being written and discuss.
If I were you and I am using a dividend strategy
For this stock: My stop will be 10 to 15% on the Fibonacci lines eg: 3.85, 3.65,3.47,3.30
It is no point to fall in love to it when it is failing. If still in love later pick it up again at the bottom at a much cheaper price

This post has been edited by rosdi1: Nov 11 2009, 06:04 PM

Advice noted, thank you. Average down

hey guys,

Something amazing i noticed today in KLSE. Petra perdana's shares plunged by another .26 sen, .12 sen a day before that wasnt enough. this fall of 38 sen happened mostly due to the analysis published by CIMB that Petra Perdana's revenue MAY go down by up to 30% in next quarter. Thats all, the word MAY and 30% in the analysis of CIMB was enough to push the investors to sell the shares at any price and get away with it.
I know Petra Perdana very well. Its a well-managed established company with a very bright future. I believe that the companys actual result wont be so bad as CIMB expected. CIMB itself has a motive behind it, thier analysis made holders to sell it and discouraged investors to buy it. Then who was buying over 30,000 thousands shares in today's trade?...guess who???....C..I..M...B....

I was thinking to buy it at the end of the day, the price was so lucrative. I got all my all calculations done and found the comany is a good stock to add in my portfolio. But the analysis of CIMB affected me too, donno how.
I did more research later and found the comany is really a good stock to buy. Hopefully tomorrow i will buy it.

its a good stock for Long term and short term investors...

Comments are welcome..

Friend
Don't be like that la..
post at the right chain la

This post has been edited by MESTA: Nov 12 2009, 11:17 AM

This look more valid now.

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Added on November 16, 2009, 9:56 am

Those that miss the price ... can look at the dip...

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Now the price is just nice to go in...at 3.48

This post has been edited by rosdi1: Nov 16 2009, 11:14 AM