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yes agree.... now at strong support area, even their CEO, manager and company also last time keep buy at higher price, kata nak let the price go even lower. Dont worry this share can go up, but not as fast as last time la, but still can go up slowly
TopGlove have break 1st support level at RM6.45 however near oversold position but yet enter in oversold yet.. if tomorrow drop again maybe yes to get ready for technical rebound.. but need to careful as any rebound are only for short term gain and next Monday short sellers that prohibited by Bursa will resume while we don't know what development or news on 3 days holiday. so careful trades guys..
Lee Ee Chen, Irresistible because EPF has no choice, they might be back after i-Sinar 1st phase distribution somewhere 15th Jan, extra fund from those many applicants rejected - Category 1 criteria unfulfilled.
Legendary Movement, Why 5 is not reasonable? Do u really understand PE, beside knowing the number big or small? Eg if market average pe is 10, company with every year earning of 1B will give u 10B cap company. Let say this company will remain as 10B market cap company but it will earn $5B in first year and remaining 9 year will earn $0.55B. Thus PE for first year will be 2, and remaining year will be 18.18. PE of 2 is reasonable, bcoz first year earning is one time earning, low PE is fair value.
people see pe of 2, will think that 2 year, can own the company, cheap sia.. but market always outsmart, after first year, need to wait another 9 year baru can earn a whole company.
Talk some sense, why PE 5 not reasonable? if company has consistent abnormal earning for 4 to 5 years, then pe 5 is not reasonable, without doubt.
Accumulate EPS for pe5 company, think it is cheap, then next year becoming pe 50 (earning normal back but share price remain the same), then currently pe 5 u still think cheap meh?
dont naively think that, low pe cheap, high pe expensive. understand first before u comment or else u confuse ppl who dont know much about PE.
Aries, nothing much I can say, since you are so much standing at your own point of view. Need not waste my precious time reply your message again. Thank you.
Im more than happy if u can put forward an argument, and prove me wrong, much appreciated.... you r not in that league yet, your understanding on finance is skin deep.
