PCH should build a base a now

senish · 1 PCH should build a base a now Wed Feb 02, 2011 6:08 pm

senish

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Although the future earnings of this share is clear, the stock is now running based on speculations. It is much overvalued at the moment. In order to get the investor confidence back, the stock should come down another 2-3 Rupees and build a base until next Q result comes.

For me it is fairly value at 20/= considering future earnings but this 30s are purely based on speculations.

CSE.SEE · 2 Re: PCH should build a base a now Wed Feb 02, 2011 6:11 pm

CSE.SEE

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senish wrote:Although the future earnings of this share is clear, the stock is now running based on speculations. It is much overvalued at the moment. In order to get the investor confidence back, the stock should come down another 2-3 Rupees and build a base until next Q result comes.

For me it is fairly value at 20/= considering future earnings but this 30s are purely based on speculations.

PCH.N0000 Tommorow (03/02/2011) Technical Analysis Price Level

http://forum.srilankaequity.com/t285-pchn0000-tommorow-03-02-2011-technical-analysis-price-level

senish · 3 Re: PCH should build a base a now Thu Feb 03, 2011 9:26 am

senish

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Majority of investors who bought this share at 10-11 LKR and 15-16 LKR have already sold and realized their profit. If someone still remaining in this stock buying at low level are long-term investors.
It seems it build some resistance levels at 15-16 and 22-23. I don’t this it will go below until 15-16 level but if there is no manipulations and purely run on supply and demand basis the share should build a based around 22-23. Due lucrative nature of the stock I guess it will settle down around 15 (assuming there will be a neutral market).