PETDAG A Good Share To Invest

This few trading days, since last week FBM KLCI is well supported by PETDAG. If you zone in into intraday data you will found that this share sometime markup at last 10 min before market close.

Base on the chart, PETDAG share price bounds up when world market dip into red so I think this share is a good and well supported share. Due to the oil price may bounds up by year end due to manipulate so sure PETDAG share price will up.

They is a CW on this share issued by CIMB (PETDAG-CA), the expire date is 13 May 2011 and the premium is only 4% base on RM0.19 yesterday closing price so this CW is profitable in long term. PETDAG is impotent to give FBM KLCI support, because base on the chart you may see the share price did not drop during May big dip and go higher when world market dip into red.
The vol also show that this share may be majority control by Khazanah big money.

Government need to show that Malaysia economic is good so I think PETDAG will not drop easily. This share is well supported compare CIMB and PBBANK.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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