Today, one of my vested counter, Super Group (S10) dropped $0.065 (5.15%) and closed at $1.195. Even though I am long on this counter but I am still interested to find out any particular cause(s) for the fall e.g. the potential "bad news" in next month's Third Quarter Result etc..
After searching through the SGX, forums and other financial sites, I found none. So, I guess it is because of the general bearish mood of the current market? Or is it?
Anyone vested on this and know what's happening? ;-)
Oh, I've just received a complimentary Financial Daily (from The Edge Malaysia) dated 14th October 2014 which I guess is a form of marketing to let as many people aware of their dailies. Even though it is a Malaysian publication but I thought some of you folks might find it interesting. Hence, I am including the link here (PDF format).
Cheers!
Super Group going into car biz ....
ReplyDeletehttp://www.insidermedia.com/insider/midlands/125512-super-group-driving-seat-allen-ford/
Please ignore earlier comment.
DeleteMy bad. I have got the wrong Super Group. haha ...
Money Honey : hahaha.. It is alright, same same but different!
DeleteSuper Group broke the 50DMA and 200 DMA at $2.20 and $2 respectively back in late 2013. It has been bearish ever since and becoming uglier by the today. No point being an hero catching falling knives.
ReplyDeleteThanks for the input! I am already holding on to it! ;-)
Deleteai loon!
ReplyDeleteCW8888 : no worry, I will loon until I am age 55 for this counter, remember? Lol
DeleteSometime it is good to have losing position to know the truth of investing/trading in market.
ReplyDeleteYes! Sifu...
DeleteUnfortunately Super is longer "super". Just like Creative being "non creative"...
ReplyDeleteFarmer.
Hahhaha That bad ah? Lol
Delete