QUOTE(Boon3 @ Oct 23 2013, 05:26 PM)
The rounded bottom looks a bit like AA.
But if you would compare it to AA, there's a slight bit more positive factor in AA.
Ok, the coming quarter for AA should be poor but that should be discounted by the market already (unless the market thinks it wants to be disappointed by the poor earnings again.
).
Since the market is a forward discounting machine (as practised by many... ( wonder if anyone wants to argue on this)) , with the recent strengthening in ringgit vs the dollar, the market might factor this as a forward positive factor for the stock, which is why there is strentgh in the stock.
However, in Ben's case...
nothing clear and in fact the recent removal of some directors in the company only serves as more unknown factors in the stock.
*****
Taking profit is ok but it should be taken correctly.
Do not, for one bad experience, embark on a wild taking profit just for taking profit sake.
Trading it correctly is more important.
LOL.. wild taking profit, so true lah. im trying to follow some general advice i read in books to ride on trend. right now budget trend. But if you would compare it to AA, there's a slight bit more positive factor in AA.
Ok, the coming quarter for AA should be poor but that should be discounted by the market already (unless the market thinks it wants to be disappointed by the poor earnings again.
Since the market is a forward discounting machine (as practised by many... ( wonder if anyone wants to argue on this)) , with the recent strengthening in ringgit vs the dollar, the market might factor this as a forward positive factor for the stock, which is why there is strentgh in the stock.
However, in Ben's case...
nothing clear and in fact the recent removal of some directors in the company only serves as more unknown factors in the stock.
*****
Taking profit is ok but it should be taken correctly.
Do not, for one bad experience, embark on a wild taking profit just for taking profit sake.
Trading it correctly is more important.
i will be careful with ben
right now portfolio left my old fundamental stocks. and two more fast exits for this week.
eyeing airport and bursa if got opportunity.
Oct 23 2013, 05:37 PM

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