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This morning's session volume is already more than yesterday's whole day volume. Strong institutional support. We small retail investors are at the mercy of big institutions.
You seem to look forward to it dropping. It's common for price correction after a few days of increase..However, I believe the price will remain above RM2
With the rich valuation of FFB in past 12 months plus Khazanah had sold majority of its holding of shares… Common sense should sell this counter instead of buying it at Rm2.00-2.06..
Rich valuation is the proof that investors are confident in the long term prospect of Farm Fresh. Even with early investors selling, the price remains above RM2 means there is support at the current price.
Now there are two thoughts about FFB.
1) Is FFB stock prices ran ahead of fundamentals?
2) Most of the investors today has been buying at lowe price. Now, should they 'ride a winner' and not sell too early?
