Disclaimer

Disclaimer - I'm too dumb to be an expert thus all the contents of this blog are just my random thoughts and may be incomplete or contain any informational errors. It is certainly not recommendation to buy or sell. You'll be responsible for your own decision. Please consult your investment consultants before making any investment decision. Also the author may or may not have position in the counters that mentioned in this blog.

Wednesday 27 August 2014

Olympia - 2nd Wave in the making!


Chart : Olympia daily chart as of Aug 27 2014 (source: ChartNexus)

Olympia Industries today saw its share price rose 3.5 sen or 20% from its previous day close to closed at 21 sen with some 56 Million shares traded. The sharp rise in share price couple with the spike in volume could be the signal of the start of the 2nd Wave. So far there is nothing change in term of fundamental of the company other than a revaluation gain of RM 430,304 from the revaluation exercise. Personally I don't think it is worth mentioned at all base on the amount of just RM 430k. Thus always trades with extreme cautious when comes to stocks without sound fundamental background.



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