wednesday trading....noticing 'pushdown' being done to CSCsteel...every time price got past 1.77...then got push back to 1.75 or below..
method used by someone aka syndicate...sell 1 small lot at lower price...mind u, not big lot throw...hmmm, some big accumulation followed by pushdown....wat does it mean? I smell something good is coming...but donno wat...
also noted...increasing volume and price for the past 4 days...but volume wise not so significant...one thing for sure, CSCsteel has not been gorenged yet....holding a bit longer...
tgt EPS at 4 sen for feb 2011 (qtr 4 FY2010)...CSCsteel should end up at annualised EPS of around 20 sen...Fair Value estimated at rm2.03...if based on Book Value..then FV is rm2.09...if discounted further, then, rm1.90 is achievable as TP close...furthermore, the resistance also stand at 1.90....
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