Today OCK has a strongest showing ever with impressive volume of 15.8 million shares changed hands. Price up by 14 cents and closed at all-time high of RM1.05. It also crossed the RM1.00 magic number convincingly.
There are many highest or first today. Highest volume since its listing in 17.07.2012. Highest rise in a single day of 14 cents. Highest all-time close at RM1.05. First time crossed RM1.00 mark. First time reached Top 20 Gainers list. First time reached Most Active list since listing.
Friend J : Z, why your OCK not moving?
UncleZ : What you mean by 'my' OCK? But I know you will make a lot of money with it.
Friend J : So many stocks have gone up.
UncleZ : Of course friends. If you have crystal ball, then it is different story. Everyday you can pick one stock and make ton of money.
Friend M : Your Presbhd, Ecowld and DSonic are very spot on. But...
UncleZ : I am just lucky.
Friend M : But OCK is lack of power. It seems.
UncleZ : No worry. It will come. I have confident with Sam.
Friend M : You met him before?
UncleZ : Of course. I won't go in big way unless I know the person behind the company. That person must be really a working type of person and has passion and ambition with what he does. Also, must have fire in his belly. Not just talk all the way, all the time without results.
Friend J : You mentioned in your blog that 2014 is good for OCK. It seems we have lost the opportunity cost.
Friend M : Ha ha. Didn't Z said he will cover our losses if fell below,.. what price again you said?
UncleZ : I am just kidding. Anyway, if OCK failed to perform this 2014, I will pay for the golf course fee for all of us for the whole of next year.
Friend M : Deal ! Wait.. please define "perform". What price?
UncleZ : If OCK reached , then you guys pay the golf course fee for me for the whole of next year.
Friend J : Alright. Deal !
Friend M : That's still a long way to go. Anyway, I also take up your bet. Deal !
The conversation happened last two weekend. After today market closed, Friend J texts me to inform that he hope I would win the golf course bet.
Its price closed at RM1.05 on 18.03.2014.
Today OCK has a serious surged in price and hit all-time intraday high of 0.875. The previous all-time intraday high was RM0.86 recorded on 19.12.2013. That was few months back. How many have the patience to have keep until today? I doubt many would except maybe a few hardcore long term investors. In fact one of my associate was so impatient with the stock and nicknamed it as oldman stock because it is slow and hard to wake up.
As usual, question was asked now whether the new high price could be sustained? It happened many times the price had came down after it was up. This was due to one of the substantial shareholders was trading the stock. On the positive side, they are also providing the support when it is needed. Nevertheless, today rise have provided some relive for those that have invested long in this stock
For those who have invested in this stock for long term would not be wasted as you will be rewarded for your patience before this year is out.
Its price closed at RM0.85 on 11.03.2014.
The share price movement of OCK for the past few days was unexpected. The sudden rise to an all-time high of RM0.87 on 19.12.2013 was pre-meditated but not the sudden selldown in the subsequent days. More so the selldown was done by LTAT, being one the substantial shareholder.
I received many calls from concerned investors recently. This is to be expected. Their concerns are more to the sudden erratic price movement recently rather than the company business performance. I made a pledge with them that I will cover their losses if, some how, the price went below their buying price. They took it as a joke from me but I am serious. Many of them bought at 0.55 - 0.75. I think that is the only right thing for me to do since they are my long term associates. They have been with me since Presbhd, Dayang, POS to name a few, and recently Datasonic. I don't think I will cease my commitment on OCK. After the final analysis, there is really nothing to worry about. Stay focus on the long term trend of this stock and the company. The new all-time high will be breached soon.
We should take the new all-time high at RM0.87 as a good sign for better things to come into 2014.
Its price closed at RM0.78 on 30.12.2013.
1) Prestariang Berhad
A quick take on Presbhd for 19.12.2013.
Another all-time intraday high at RM2.96.
Another all-time high closing at RM2.90.
2) OCK Berhad
A quick take on OCK for 19.12.2013.
Another all-time intraday high at RM0.87 which breaks its previous high of RM0.85 recorded on 20.11.2013.
Another all-time high closing at RM0.86.
It had an interesting run-up today after moving sideway for the past 4 weeks. The wait has finally bears fruit. I have been collecting the stocks aroung RM0.80 during the same period. There were big volume transacted at RM0.865 which reflects a strong interest for the stock. There will be more head rooms to go moving forward and it is worthwhile to be kept invested in the stock.
Some said OCK is like a old man because it moves very slowly. Who cares as long as it moves eventually and the moves are always upward. Slowly but surely.
Some recommended Benalec which is almost the same price, but I would prefer OCK - young, small but promising company in the long run.
Today is particularly interesting because of the above 2 stocks are moving upward while the KLCI index is moving downward.
Its (Presbhd) price closed at RM2.90 on 19.12.2013
Its (OCK) price closed at RM0.86 on 19.12.2013.
