1. Entry at about 30.5 sen. I recommended MAS as stocks to watch on 19-Jun-2013. The post is with the title "3 STOCKS to BUY NOW... Foreign investors turned into net buyers". At that time MAS was trading at about 30.5 sen.
Original link: http://wallstreetklci.blogspot.com/2013/06/3-stocks-to-buy-now-foreign-investors.html
2. MAS share price up recently after Government says looking to sell MAS shares but depend on the price.
3. 10% gain within 2 months from 19-Jun to 15-August today. For this kind of high risk stocks with little fundamental, I think 10% return is good and it's time to take the chips off the table.
4. Recap of what I wrote last time about MAS as per below...
*********************BEGIN*********************
MAS (Target RM0.34-RM0.35) WARNING: Only for daredevil
>> Nothing much to talk about on this Company fundamental.
>> But due to its strong backing from government, I think this stock unlikely to fall below RM0.30.
>> Technical RSI is only 33 now (very close to oversold level of 30).
>> Expect small rebound to RM0.34-RM0.35 in the next 1 month. Once hit, take profit fast.
*********************END************************
This blog is related to observations regarding stocks traded in Malaysia. Disclaimer: The company analysis that appear in this blog is merely facts gathered from different sources and the author's personal view. It is not a buy or sell recommendation. The author do not guarantee the accuracy of the facts being presented. Please consult your investment advisors before acting on any information provided by the analysis above.
No comments:
Post a Comment