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Friday 18 November 2016

Chinwel: still a profit but lower

Not sure next week will sell down or not? High possible short term players will rush to quit as they might expected better performance but end up lower profit.
But,
market is sometimes really unpredictable, announced higher profit but price went down (this can be link to theory of buy on rumors sell on fact).
But also,
it reflected correctly like GADANG, once announced lower profit, gap down sell.
But also,
i see some companies announced lower profit or even loss, price go up.
so,
what i can understand from here is price is telling you about future, not the history, not current. As a low profile and cash rich investors with better information than us, will react better than us.
Let's see how next week Chinwel perform. Of course i will keep it as long as the company financial performance is healthy. I will give it a chance and also at the same time train my patience. Is my excuse also :) as I hate to sell at loss if the company I think still got chance to fight back.

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