EOD Update (20 Oct 2006)
Think the bottom for SCOMIMR has been reached recently, only managed to get hit on half of intended starting position today though. Earnings still strong, fuel costs should be down, really can't see the reason for recent sharp sell-down. This will be 2nd round getting into this counter, after selling off entire position previously. Thankfully, managed to avoid most of the slide, with reasonable gains preserved previously.
Latest purchase:
SCOMIMR: +5,000 (0.715) ... Total 5,000
/ichithekiller
posted by ichithekiller @ 7:53 PM
4 Comments:
Looks like a good entry point - chartwise.
looking at chart.. might be just a tech rebound... will resume the downtrend... has it bottomed? not sure... would wait a couple of trading days to confirm whether a trend reversal has comes in or not... cheers...
wk
the price correction is too steep since few months ago... i wonder wat has coz the price correction in the first place.. anybody can let me know?
I've also been watching and wondering about the slide. No bad news, nothing ... the only thing I could think of was maybe the political heat from PM-TDM disagreement was causing some investors to bail out of this slowly since it's linked to PM's son.
So, if fundamentals still intact, buy lah... If not bottom yet and still turun , I will load up more. In fact, that's exactly what I want it to do right now.
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