MAS : At historical low
1.23 today. Yes, it is the lowest level since MAS listed.
RSI at 28. Well, don't worry ... the gov will use our money to bail her out. You see, MAS is our Malaysian pride ... the 'wau' that is flying high ... with losses after losses ... MAS = Mana Ada Sistem ... I heard of that since I was in lower secondary(early 1980s). We read that MAS being bailed-out once ... so, reports that the employees of MAS may have tough times ahead? WHAT? Do you think they could have a turn-around? If you do, yes ... MAS is could be a good bet ... err ... betting that they wont lose Billions but just Millions. ouch ... they do need Jala the net?!
MAS ... a friend of mine, LY, caught at RM2.30 and told me about it. Also, BL told me days ago that his friend bought MAS at 1.30 for 'child education fund'. It went up to 1.70 but did not sell ... coming back below 1.30, wanting to cut-loss. Ouch. First of all, do NOT buy losing money, GLC companies for long term!! That is logical .. GLC companies fully of non-competence employees(their mentality is gov owed them a living!) and with Malaysin being the cleanest-non-corrupted country, you do not want to have that political risk in your long term investment. Well, dividends is another very important criteria to buy-n-hold for long(more than 10 years). So, selling at 1.23 ... is a painful lesson.
Unless you are going for short-mid term trade(less than 1 year), MAS is to be avoided. Buy good dividend stocks, if you are holding. Otherwise, hold on your cash ... buy NOTHING unless market collapse. It will ... matter of time. Wait ... a month, a year ... 5 years ... you are going for long term, anyway. So ... wait. That is what I am doing for my kid's education fund where I am putting RM500 each month ... accumulating it till market collapse!! I hope it will collapse this year ... but if it only collapse in 3-5 years time, I will wait. Shall we wait for KLCI below 1000 level again? Nice.
MISC : At
RM5 again ... do read my previous trade on her recently. Today, with
RSI at 28 ... I will like at RM4.50 levels. That is another 50cents retracement ... the ship is sinking(just like MAS crashing) ... will it float?
MRCB :
At 1.68, this one can wait ... till 1.46? That is quite unlike in short-term as
RSI at 23 now ... it will be nice if it could go another 10cents lower, at 1.55-1.58 ... will it dive further tmr? Yes, this is a political vehicle, without much fundamentals or competence people running the show. What happens to the RRIM land stories?
Other "M" family counters that I am watching are MahSing, Malton, Masteel, Maxis, Maxwell, MayBank, MayBulk, MBMR, MBSB, Media, Megb, MFlour, MHB, MKLand, MMCCorp, MNRB, MPHB, MPI, MSC, MSM, MSports, MudaJaya, Muhibah and MyEg.
Phew ... there are many 'M's in my watchlist, indeed. Which one is in yours too? No ... I do not have Mtronic or MPay that most klse-kaki likes. I don't like those.
TEH
colinlim50
waa... 1 shot watching so many stocks
2012-04-24 08:42