Let’s see how the captain drive this ship. One must take care of himself and not overwhelm by that someone so called reputation or pangkat. When it comes to investing we retailers must be super careful and sharp.
Now that Amanahraya bod oh is DUMPED completely OUT of the picture, MCA & Tong's combined 51% stake can easily engineer a corner to reach a TP of $1 within a month!
Not unexpected since at least 2 ppl I know who bought in the $2 range years ago for the superior div yield back then already cut massive losses after the recent run up.
I suspect some BIG margin players cut loss massively today...this fella not easy to play: went down relentlessly from 2.50 over the years 2017-2022 before finally rebounding. Luckily earned some trading & contra gains on the stock on top of nearly $1000 in dividends since 2013 so I'm being paid to wait for my remaining half holding to pay off...
At least this is not a junk stock like Salutica, which I cashed out too early @1.07 thinking it was ridiculously hi...it went to an even more ridiculous peak of 1.73...
No free lunch. That’s what I feel from the very beginning. He’s not here to give you free money. Best part, after 4pm today start to collapse sharply. Early morning shoot up above 0.60 to trap more fish.
With market sentiment getting worse and jittery… tomorrow it will likely see prices going below 0.50…. High chances straightaway gap down. We should see tomorrow morning
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bojed
5,064 posts
Posted by bojed > 2023-04-28 16:40 | Report Abuse
YEEEHAAAA!!!