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We Have Move To...

2009-07-23

IOICORP Just Broken RM4.80 Level
























IOICorp is about to go higher after broken RM4.80 level. Base on the chart, next level is RM5.50 however the movement still affected by CPO price but now the CPO is drop.

4 comments:

Elvis2020 July 23, 2009 at 11:44 PM  

Okay, i think i am changing my opinion here. Fundamentally, things are not strong but perhaps it's time to be optimistic about the markets. Go buy KNM, IOICORP or any high beta stocks. Time to be sweep by market positive sentiments. Thanks goodness KNM had drop to around .80 over cents. I think going forward like Durian said may see 1.10 again since oil price will going up. Like i said, fundamental nowdays are so dynamic that we cant simply accept traditional views fundamentally. I which we live in the 80,s way making money were super easy. Or believing that BN will be still in power beyond 2012. Hehehe, sori Durian for my nonsense opinion, just that Najib has been the worse PM ever, so boring and his sidekick Muyyiddin keep making empty rheoteric speeches that Malaysians are so tired of all the lies. Well, at least i hope we investors are making money...

Anonymous July 24, 2009 at 6:24 AM  

how much will it going down after announcing the 1.2B rights issue?

Durian Edge July 24, 2009 at 7:30 AM  

It will hard to said how much the price will drop if announced issue of rights issue. It will base on the conversion about the rights issue.

Elvis2020 July 24, 2009 at 12:23 PM  

Yup, u are rite Durian. You can theoritically get price after right issue but this is purely theory. You may get it at the theoritical price or lower or higher. What you can do it 'feel' the price.

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