CSCsteel 'pushdown' noted...

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....

CSCsteel & TopGlove - re-evaluate situation....

CSCsteel jd laggard dlm portfolio...pergerakan harga sgt minima....mula hilang sabar nih...FA wise...look like making a comeback after 3 bulan downtrend...aiyoooo....this is the case of not locking profit!!!

TopGlove...on the other hand...bdepan cabaran besar...penurunan dollar dan peningkatan harga getah akibat cuaca dan permintaan...well...cannot blame others...masa beli dulu igt ka gloves nak wat turn around....this is the case of not doing cut loss!!!

so thinking of letting go....to collect bullet...to shoot other counters...at the moment, tgh dok aim kat 2 potential ctrs...with signs of uptrend...

CSCsteel...superb 1H report

310% increase in profit...PE rendah kat PE 7 pd harga 1.70...masalah steel theme blum main...

ceiling 1.80..support 1.60...harga downtrend...should have sold kat 1.80 ari tu..aduss!!!my mistake..tp not to wori...ada chance nak accumulate lagi area 1.60...

strong point:
1. PE low = 7
2. Good results
3. NAPS 2.09
4. DY 12%
5. Hutang very low