October 03, 2012

TH Heavy Engineering (THHEB)-Little Heavy Falling Down

No Heavy Falling Out. Tenacious!

The much anticipated news was released. No, not in the way the investing public or should I say, the speculator would expect.

THHEB did not successfully removed itself from the P17 qualification.

Why, its last quarter accounts were qualified by its external auditors.

So, now THHEB shareholders will have to wait for the company to submit the next quarter report ending September to the Bursar KL before anything positive can come out of it.

However, strangely, demand for the counter remains unsatiated.

Re-engineering for a Better future
The counter hardly went down. The usual ebb and flow trading pattern.

Looks like there are enough desperados clinging on to this counter and buying in some more.

No, I do not believe there are day-traders here. It would be suicidal.

So, what are the options for one who have gone into the counter?

My advice-buy some more if the share price goes down below 40 sen.

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