Courage Marine announced profit warning for its 1Q2011 result, this announcement smashed shares price badly and caused a heavy sell pressure. The heavy sell leads to 52 weeks new low! For past one year, this shares was oscillating between 0.18 to 0.2. Now it touched 0.165. This pricing expects to be a very strong resistant line for Courage Marine. If this break, another heavy drop will happen. Base on current situation, it is unlikely to drop further unless bad news persist. I personally think that current situation is the worst for this year. Unsolve middle east crisis, unstable Europe economic condition, Japan disaster, China & India unease interest rate are current impacts on STI. If any of them show the good sign, STI will be boosted.
For Courage Marine, its shares price was affected by overall unclear economic condition cum unfavourable operating result. I am quite optimistic and positive for the coming half year. At least the midle east crisis, Japan disaster, China & India condition did not turn worst and at the stage of re-built / recovery. Another encouraging news is USA is on their way of recovery too. The worst is over, things are turning good. Please move carefully as the overall condition is brittle and weak, invest with close monitoring now.
No comments:
Post a Comment