Saturday, February 24, 2007
When Trading Goes Sour...
AquaTerra: Result was good and very good forward looking which is inline with the rest of the industry. However! Issuing of rights diluted the share price, market is factoring in the dilution. Technical point of view shows that rebound is in sight. The question is, is it going to be a relief rebound in price or a resume of uptrend? Watch On.
Beng Kuang: Mistake here was complacency. The company did placement shares at 0.38 per share to private investors a day before I bought the stock. I did not do my due diligence and bought the stock solely base on Technical Trading Buy. On the chart, I would expect the up trend line to hold and that a breakout of the ascending triangle is still possible. It's reporting it's full year results end of February. Watch On.