Monday, 30 April 2012

Long Sakari? Good buy after big dip?

Lots of people were asking me whether should they buy Sakari at round number 2.
My reply was "It could be just be a small rebound because of the psychological support" and I was looking to long at 1.95 region.

Today this piece of news came out after market closed.
Sakari: Q1 2012 Net Profit Down 65% To $14.5 Million.

Definitely Sakari is going to gap down on Wed but how strong will it be?
Personally I feel that it won't be that strong because it SHOULD be factored in already.

Watch the 3 round numbers highlighted for Sakari.
I believe these are the regions to enter (Staggered entry?).

Disclaimer applies
Do note that its dividend is on 3rd May of 0.0583

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