PAP sinking.. no support, no resistance!

xmart · 1 PAP sinking.. no support, no resistance! Fri Feb 18, 2011 9:42 pm

xmart

Senior Manager - Equity Analytics

Posts : 343
Equity Stars : 6302
Reputation : 36
Join date : 2011-01-31
Location : Colombo

I cannot find any support or resistance for PAP. it is sinking sinking and sinking to the deep. this company is having good future expansion plans, high ROE, high dividend yielding, comparatively low PE in the sector and no debts. earlier i thought there is a support at 4.40, then it became resistance and support seemed to be at 4.20. then today it drop to 4.

what would be the bouncing level? could it be 4 or even low?

seyon · 2 Re: PAP sinking.. no support, no resistance! Fri Feb 18, 2011 9:58 pm

seyon

Assistant Vice President - Equity Analytics

Posts : 783
Equity Stars : 5883
Reputation : 119
Join date : 2011-02-01
Location : Colombo

xmart wrote:I cannot find any support or resistance for PAP. it is sinking sinking and sinking to the deep. this company is having good future expansion plans, high ROE, high dividend yielding, comparatively low PE in the sector and no debts. earlier i thought there is a support at 4.40, then it became resistance and support seemed to be at 4.20. then today it drop to 4.

what would be the bouncing level? could it be 4 or even low?

You must have to wait till this quarter results out

Happy Trading

watch · 3 Re: PAP sinking.. no support, no resistance! Fri Feb 18, 2011 10:42 pm

watch

Equity Analytic

Posts : 22
Equity Stars : 4900
Reputation : -7
Join date : 2011-01-31

PAP SHOULD BE ATTRACTIVE. INVESTORS KNOW PROFITABILITY OF HYDRO POWER SECTOR.BUT THERE IS NO BIG ATTRACTION IN THE IPO. WHY THINGS HAPPENED LIKE THAT? IS THEIR ANY HIDDEN OR UNDISCLOSED Factor ?

Last edited by watch on Sat Feb 19, 2011 11:55 am; edited 1 time in total

mark · 4 Re: PAP sinking.. no support, no resistance! Sat Feb 19, 2011 11:43 am

mark

Expert

Posts : 2677
Equity Stars : 9775
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

i don't think it to go below 3.90 level,it is attractive at current levels,but the good thing is to to buy it at bargain price.....

SmartMoney · 5 Copyrights Sat Feb 19, 2011 7:34 pm

SmartMoney

Senior Equity Analytic

Posts : 50
Equity Stars : 4950
Reputation : 8
Join date : 2011-02-07

Hey Mark , you stole my avatar Evil or Very Mad

Heheh, lol Wink

mark · 6 Re: PAP sinking.. no support, no resistance! Sat Feb 19, 2011 9:08 pm

mark

Expert

Posts : 2677
Equity Stars : 9775
Reputation : 423
Join date : 2011-02-04
Age : 33
Location : Hell....

SmartMoney wrote:Hey Mark , you stole my avatar
Heheh, lol

ooppssssss....................sorry bro.................... Smile

but both are not same.. lol!

xmart · 7 Re: PAP sinking.. no support, no resistance! Sat Feb 19, 2011 9:17 pm

xmart

Senior Manager - Equity Analytics

Posts : 343
Equity Stars : 6302
Reputation : 36
Join date : 2011-01-31
Location : Colombo

even in case of 500 mn shares it is worth around 5.50 Rs. one director bought around 7 Mn shares @4.90.

I would buy more PAP but problem is i have no much money, i guess even now i may be in top 500~600 shareholder list. but @4.25 Razz

achala75 · 8 Re: PAP sinking.. no support, no resistance! Sat Feb 19, 2011 11:47 pm

achala75

Senior Equity Analytic

Posts : 59
Equity Stars : 4926
Reputation : 0
Join date : 2011-02-08

xmart wrote:I cannot find any support or resistance for PAP. it is sinking sinking and sinking to the deep. this company is having good future expansion plans, high ROE, high dividend yielding, comparatively low PE in the sector and no debts. earlier i thought there is a support at 4.40, then it became resistance and support seemed to be at 4.20. then today it drop to 4.

what would be the bouncing level? could it be 4 or even low?

I think this is a good price to buy. Anyway u have to make your own assessment to take any action. this is my view only.