Thursday, August 26, 2010

Will BJTOTO break up bolinger band squeeze?

BJTOTO last dividend was declare on 18/06/2010 (Second interim single tier exempt dividend of 8 sen per share) It was under my expectation, may refer earlier sharing: 

So, how about this round? What's my view & opinion?

Around mid of Sept 2010, BJTOTO will announce the quarter report, will it declare the attractive dividend to boost up the stock price?

From insider action, insider has acquire certain volume since last week. Untill 24 August 2010, no disposed action. So, more or less, we can suspect it will declare dividend on coming quarter announcement. BTW, we still need to monitor closely coming few days, see is that other insider also acquired the stock OR any major shareholder dispose the stock.  

From technical view, the chart is forming bolinger band squueze, will it breakout OR break down? Is definite depend on the dividend. No matter trader or investor also eyes on their dividend payout. So now the price is keep consolidate around RM4.15

Let watch closely how it perform this few days.

Pls buy at your own risk & consult your broker b4 make any buy or sell order!!!


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