The index is resting after bullish for 5 consecutive days in year 2011. Most of the stocks, small-cap or blue chips went up like no tomorrow during the past trading days. Many Chinese investors are thinking about having a fat Chinese New Year, on top of their bonuses and monthly wages.
At the mean time, oil and gas counters generally are having a strong bullish today, after our Prime Minister unveiled some entry point projects under the Economic Transformation Programme (ETP). DIALOG and HOVID are the companies which direct benefits under this announcement. Perhaps they will further go up on tomorrow.
Have a look at my watch list, I realized one of my favorites technology counter went up without waiting for me, even the index is resting. If you refer to my previous post, I'm looking good at NOTION since mid of December 2010, underpinned by it's smart recovery plan, worst time is over, prudent management, stronger demand on SLR.
Another good point is that Nikon Corp owning 9% of NOTION shares. Thus, Nikon should be logically giving order to NOTION if there is a demand? Let's look at your friends or people around you, how many of them are playing SLR camera? If yes, are they Nikon?
My timing is not right and I'm still waiting for it's final quarter report which to be released soon. I just want to play safe, as technology counter risk is higher due to fast changing technology and trend.
Unfortunately, there is a rumor saying that NOTION will be privatized on last week and the price immediately shoot up like no tomorrow. Looking at it's closed share price today, it has went up for almost 30%. What an opportunity!
So is NOTION still worth to invest at RM2.10 level now? Let's forget about privatization and it's low PER, perhaps it's hard for me to justify it's share price now. We only can tell further after looking at it's coming 4Q11 report.
For now, let's move on to other opportunity. ;)
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