Damn tis Engtex, i sold at 0.935. It go n rise till 1.01.

Arghh.. here is my story. I bought Engtex last year at Nov, price at 0.74. It dropped til 0.50. Until recently tis 2months shot up to rm1 and i jz sold it at 0.935. Haizz... now rm1. Wtf.
I read abt the analysis of engtex. TA said even tho engtex is in overbought zone its momentum is so strong so they recommend to buy.

Engtex quarter report jz came out. Net profit six fold up but i don think tat is the main reason behind the rising of price.
_________________________________________
Got 1 question to ask about three-a resources bhd which is a mesday company tat is goin to b transferred to main board next month.

Title:Changes in Director's Interest
Name : Fang Chew Ham(He is the director of Three-A resources bhd)
Address : No. 1, Jalan Lang Tompok, Taman Sri Bintang, 52100 Kuala Lumpur

Descriptions
(Class & nominal value)
: Ordinary shares of RM0.20 each


Details of changes
Type of transaction Date of change No of securities Price Transacted (RM)
Transferred 16/05/2008 57,780,000

Circumstances
by reason of which change has occurred
: Transferred of shares to Fang Chew Ham Holdings Sdn. Bhd. whereby he is the director and shareholder of the company

Nature of
interest
: Direct

Direct (units) : 0
Direct (%) : 0
Indirect/deemed interest (units)
: 85,841,625
Indirect/deemed interest (%)
: 44.49
Total no of securities after change
: 85,841,625

Wat it means?


This post has been edited by SImPle PLan: May 23 2008, 05:35 PM

I think every1 2molo dun panic and sell your stocks if u all have any.
It wil make the situation worse.
Btw the crude oil has dropped to 123 level alredi.
I saw few dropping of commodities such as heating oil and silver.