Please la....
I not so childish to play blame game nonsense.

Thanks for this dialogue.

Just a comment.

Price drop in anticipation of profit report?

Well... assuming market insiders rule...
ie. they ( the insiders) know.....
then the current past 3 days if trading....
with higher volume too....
'suggests' they either know or anticipate lower profits...

of course...
these insiders could always be wrong...
but if put into consideration....
the past 2 quartets, where Homer's profits came in below expectations...
then.......
perhaps.............................

Lets see how the price unfold next week... I enter some earlier n found this counter impossible to break resistance lvl as thr are thousand of lots being queued for sell at resistance line and above...

The number far exceed buyers....at the same time bargain hunters keep queue at support lvl of 1.14 by the thousands too....

My opinion is in order for this counter to breakout...it needs a knee jerk correction to shake off most of this scalpers away....so the support level of 1.14 must be broken first before we can see a breakout...

And the support lvl did break last wednesday as per my expectation...

Let see the deama unfolds next week

Try check the trading data for Feb this year.

Look how the stock traded before the quarterlies was announced.

Then look at what the stock did at the day of the announcement.

So what stock you wanna talk?

Tht quarter the perf was such a dissapoinment. But it doesnt matter as its already priced in even before announcement was made as evident by the -13% dip before announcement. Once u entered during this period look at how much u would made after a month, whooping 22% gain...
Even if u entered before correction u still make a 6% gain after a month of the announcement made.

My point is at current situation market already expect the worst possible performance, as evident with the -8% correction, even if it did perform badly come nextwednesday/tuesday, price are gonna still moved upwards....

i have a few in my mind ... but fundamental wise sure sad sad 1 wor ....

i have a good fundamental stocks.. because i get to know a amoi staying over that area...

ENGTEX

Eh?

Are we looking at the same data?

Homer started the year at 86 sen.

Stock ran all the way up on the back of new shareholders changes + the fact it was heavily recommended on some so-called investment forums+blogs+facebook etc (lol .. the power of promotings!) + not forgetting the announcement of the EXACTl ex-date of the 3.1 sen dividend (another bafffler .... lol....)

Stock was bubbly all the way till the day it made the announcement on 29th Jan (sorry not Feb .. brains not functioning well atm)

stock did a dramatic u-turn on 29th Jan midday.
I still recall...
lol...
how the buy bids disappeared...... siddenly.
stock retraced back to 96/97 region....

for me?
it appeared the market got it all wrong...
it ANTICIPATED profit growth (on the back of a very strong USD which should boost profit margins)....

profits disappointed...
but most important the company said the higher USD did damage to its material cost...
as high USD made their leather import (which used for their upholstery) more expensive....
that was a ..........
unexpected....

so company stock FELL due to poor profits...
and those who chased up (in ANTICIPATION of good profits) got their hands burnt.....

now come the interesting part....
after that correction....
stock did not fall anymore....
it stabilized at the 96/97 region...

why?

cos... imo.... Homer lost its profit growth...
but....
despite that...
Homer was cash flush...
and based on dividend yields...
at around 96/97....
the yields was still very much interesting.....

then for me....
in trading......
if the stock doesn't want to go down anymore...
it should probably go back up again....
lol.... and rallied again... it did.

now?
different imo...
stock WAS in a tight trading range...

(I have no expertise in such trading...
cannot find any godam edge with such trading...
it's always a 50-50 game...
stock could always break down as much as it could break up)

AND....
the past few days...
stock broke DOWN ....
on the back of a higher than average trading volume...

for me....
atm.....
this signals weakness....
the market does not ANTICIPATE any good news....

which brings the question for me...
does the insider know?
does the insider already know poorer results AGAIN from Homer?

no matter what....
I cannot get comfy with such trades....
I have no edge...

which means....
sitting on the corner ...
and playing with that lonely spider...
is the best option for me....
for there is no need for me to get every stock right at all times...

waaaaa...... ENGTEX ah?
not bad wor....

ps/

if it breaks out of the range.....
ie break UP ....
I obviously might consider chasing the stock up....

which brings me the issue...
since it now breaks down ...
instead of breaking up....
why should I chase the stock down?

i will polish this gem into beautiful beautiful .... see how it goes....

Same data but different methodolgy and analogy perspective. Anyway ur point noted.

This counter always seem to dissapoint during its qtr performance report

No problems...
I am not an active trader...
Hence my preferences and risks tolerance would vary greatly.....

Polish ?

New profession mehhhhhhh?

shoes polishing is very good profession in the world ....

if you look at the report on Engtex.. 71m per year... seems not bad...

dividend wise .... fantastic ....

missed your post....

err.... ya... same as Homer... weakness seen in recent couple quarterlies....

woah... i'm supposed you read at least few times....

really a stalker

Homer exports to US right? USD drop would have affected the price.

Signature woke up

I just only roughly look this stock le

homer

catch falling knifee