DRBHCOM to begin its run?
DRBHCOM rose 10 sen today dragging most of its warrants along. Since I last posted about this stock as a must buy about a week ago, this stock has not yet moved much but will today's movement mean anything to us? Stock price well supported with heavy buying on the warrants indicated that investors are anticipating stock price appreciation going forward and are leaveraging the warrants which gives higher return in a bull run.
Last financial report was excellent and with more news to come and certainly with today's uptick, it goes to confirm the bullish signal for this stock. Those who bought in last week, good job...and those who didn't its not too late to act.... :)
Stock trend is a classic run up and my personal target, easily beyond RM3.
2 comments:
Based on your experiences, it really can go up to 3 ?
What about the YTLE ?
DRBHCOM is a conglomerate and there are lots of options for management to unlock values for its shareholders. Current share price certainly does not best represent what the company has especially when you factor in the potential it has on the going concern. RM3 is my target and I firmly believe it has potential. you need to check it out and do bring it up to me for discussion if you see it differently. :)
Ultimately its your decision to make...
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