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7108 technicals are stabilising & finding support at this level. Note the Histogram Rounding Bottom & hook-up in MACD
Prices have retraced @50% from June 09 high. Support level RM1.50 / RM1.60 should hold. Cutloss level RM1.40
Consolidation is immiment after March >>> June price surge Fundamental are FINE
My friend, a wife of one of the director suspended by Petra Perdana's CEO recently shared with me her feeling on the situation. I am more upset rather anything else - she said. People are greedy. she remembered, before she knew what happened her husband always said...we help to build the company.....now the story is out in the open, lets hope everyone gets what they deserve.
ReplyDeleteHi nelly,
ReplyDeleteTQ in advance for your posted comment in BT under PETRA ........
Admittedly, ZL does not know anymore than what the local biz media tells us or want the minority shareholders to know.
BT admin and their readers would be much oblige if nelly can provide more resourceful "inside looking out" views of the on going PETRA fiasco.
ZL is certain there are PETRA shareholders ( minor or major) who visit BT regukarly and they would be very interested to know more insiders' versions of what CEO Tengku Dato Ibrahim Petra is really up to and why the "below market" value sale of 25% stakes in subsidiary Petra Energy Bhd that caused PETRA share prices to fall out of the sky like a plane in flames.
What are his takes and what are his makes? Care to elaborate?
With the EGM on 04 Feb maybe nelly's provisions & insider's view can garner the ONE extra vote during an EGM to turn the tide in favour of the real contributors who made the company what it is today.
ZL can consider publishing another article on PETRA should your resourceful nextview proves it's worth.
Patiently wwaiting your prompt replya
Regards,
ZL