Nam Cheong

Down to 0.198..

High sell volume above 0.205. Lots of people unloading...

Did you buy this promising counter when it was down at 19.8 cents? It;'s climbing liao.

Nam Cheong +2.5%; Fundamentally strong: OSK.
Wednesday, 12 September 2012 11:45

Nam Cheong rises 2.5% to $0.205, tapping its highest levels since April in high volume, with nearly 4% of shares changing hands on the SGX.

There’s no specific reason for the advance, says Yue Jer Lee, an analyst at OSK Research.

“Overall, it’s more market trading on a fundamentally strong stock,” he says; “it should be trading at a higher price.” He notes the stock has sold off a bit recently; “the selling is mostly done,” with the stock breaking through resistance.
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[x1uhu1 29-08-2012]:

Down to 0.198..

resistance looks strong at 22cts. need to break thru here before move up to 26cts

column break

Sometimes, you get a crazy fella come to your party. In this case, Blue Ocean Seven Sdn. Bhd. Crazy to sell 2 m shares yesterday at 21.5 cents. So dirt cheap they sold out at.

announcement: info.sgx.com/webcorannc.nsf/Announcement...018E032?opendocument