Astro : profits dropped 93% ... ridiculous to blame it on world-cup? Gap down yesterday. No longer a monopoly ... with internet available at higher-speed, video streaming becoming more convenience to watch movies etc etc ... fundamental of Astro has changed and taken out of index, this could only go lower. AVOID.


Lets take GKent as example for DCA (dollar cost averaging) buy-sell ...

range : RM1 to RM1.60 now ... so, the mid-point is RM1.30.

where should be our entry ...? RM1.20 ... then RM1.10 and RM1.

say we are going to buy 100lots at each level, if hit. RM12k @ RM1.20 ... sell at RM1.30.

10cents down, buy ... swing up 10cents buy. Got the idea? I m using GKent here for illustration only.

say you bought at RM1.20 ... then it went lower to RM1.10, you should buy second 100lot here. IF it rebounds to RM1.20, sell off the RM1.10 portion while holding to RM1.20 portion to sell at RM1.30.

valid till the RM1 broken (and we see GKent at penny, which is likely).

off a while ... continue later.

TEH