What is wrong with AMEDIA these few days? It's share price dropping from the highest point of 32.5 cents since last week till 22.5 cents today, more than 30% within 2 weeks.
By looking at the active and weird volumes for the past 2 weeks, it seems like someone is manipulating the price of AMEDIA.
On the other hand, AMEDIA's fundamental seems all right and the management plans and strategies are still intact. The company is currently expanding the coverage within Malaysia and rolling out the ETP plan. AMEDIA also has the intention to do overseas expansion and do dual-listing in Singapore Exchange.
To me, it's hard to believe that the price has been fallen below the IPO price of 22.5 cents today. If it is nothing wrong with the fundamental and management of the company, it is too good to be true.
With the PER of below 4 and potential of exceeding 6.5 cents EPS this year, I did not hesitate to queue and buy 18 lots at IPO price this morning. Even though it closed below my buying price or it will continue to drop further on tomorrow, I think I'm okay with it, at least for the time being.
Anyway, investors always complained that ACE listed companies are lack of quality and most of them are rubbish. Perhaps they are right. They are riskier as they are volatile due to the low price. Drop 10 cents can means drop 50% of our investment.
If looking from the fundamental view of AMEDIA, I think I would like to give it a try.
What do you think?
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early uptrend seen today. invested this morning and on long term. it might be flat tomorrow but potential gain most likely expected from holding it long enough. besides PE stays low as before and till then.
The latest 1Q11 result is terrific. Unfortunately, high selling pressure is in the house.
Anyway, AMEDIA is definitely a good investment for mid to long term. Trading buy will be led by the terrific Q1 result and low PER.