Hankore - December30 Update
Since hankore has some fierce news coming up...I shall give my 2 cents worth. In short, news just mean that they have a strategic investor who is willing to many shares of hankore( of course at discounted price, go read urself)
http://infopub.sgx.com/FileOpen/HanKore_Announcement_of_Framework_Agreement_30.12.2013.ashx?App=Announcement&FileID=269270
My thoughts : I remember months back, during July when similar news came out, issuance of news shares, share price went up and then was corrected below the vwap price of the issued price. However price was held steady @ 4.8 cents and prices had shot up since. WRT to the news today, i think it could go go either way. (got say like never say laaaa...) But with the news coming out at decent market sentiment, we might see more upside ahead in the future/tmr.
U might want to take note that SIIC,hankore, UTD enviro has been doing very well for the last 2-3 weeks.
Of course, techniques of using VSA is to buy on accumulation and sell on news, thus I will definitely not advocate any buying tomorrow if prices gap up. Hankore already showed such accumulation behavior when I saw it @ 12december. So if u decide to buy tomorrow with the increased risk, bear it.
http://www.singaporestocksvsa.blogspot.sg/2013/12/market-update-december-10.html
not adovcating any buy/sell
http://infopub.sgx.com/FileOpen/HanKore_Announcement_of_Framework_Agreement_30.12.2013.ashx?App=Announcement&FileID=269270
My thoughts : I remember months back, during July when similar news came out, issuance of news shares, share price went up and then was corrected below the vwap price of the issued price. However price was held steady @ 4.8 cents and prices had shot up since. WRT to the news today, i think it could go go either way. (got say like never say laaaa...) But with the news coming out at decent market sentiment, we might see more upside ahead in the future/tmr.
U might want to take note that SIIC,hankore, UTD enviro has been doing very well for the last 2-3 weeks.
Of course, techniques of using VSA is to buy on accumulation and sell on news, thus I will definitely not advocate any buying tomorrow if prices gap up. Hankore already showed such accumulation behavior when I saw it @ 12december. So if u decide to buy tomorrow with the increased risk, bear it.
http://www.singaporestocksvsa.blogspot.sg/2013/12/market-update-december-10.html
not adovcating any buy/sell
Comments
Post a Comment