Logical thinking. If business not good, as a director, would you keep buying share?

Unlikely to close below 1.86 as it is a support line and support from 20 MA.
Besides, directors have been buying at 1.8+. This indicates the confidence of business and the price is cheap.

I personally sold my other share to add steel counter this morning.

I doubt today will close below 1.35 and I'll encourage to buy on weakness now. It is not overvalued and the whole industry is very bullish, the fact is steel supply is very limited, price is high, demand is high especially the local construction. Steel counters will continue run at least until next year.

Just my personal view.

My friends checked out the factories. Many lorries outside factory and the staffs like OT everyday. Very good business.

It is really a bad sign closing below RM 1 which has been it's support. Unless you are really long long term investor with holding power, or else I'd recommend to cut loss quickly.

Mr Tan bought 30,000 at 1.89 today.

@joetay,

Aiya bro. That was like almost 10 years ago. Let go and look forward man.

@joetay,

why do you hate him when I don't even know him, peace bro (Y)

It's your own hand which press the buy button so don't blame others. Mr Koon has no obligation report to you guys. Price up and down ask Mr Koon for what?

1,500,000 shares will be issued for Macquarie. Slightly diluted.

@joetay

Buy underwear only, why want to revenge? Relax bro, don't make life difficult.

@joetay,

Yes I lost RM 9.47/piece on buying Parkson underwear in 2008.

that is the answer.

The underwear I bought in 2008 alrdy broken and threw away. Underwear where got so cheap RM 10. You go pasar malam buy meh?

Also don't type my name wrong. I am not bullandrunning.

Wah how you know I bought Parkson? I have been buying since I was young.

Hmm... I mean I bought my underwear from Parkson.

I must say. ACCA, CFA or whatever does not make you an expert investor. It teaches you theory but you can't just apply directly to the market. More likely you need to have strong business sense and experience to make you a great investor.

However, I am always support the phrase that do not blindly follow.

I normally don't bother but today I am quite free. Just kill by time by teasing those joker. HAHAHAHA

Anyway, this is first time in my life seeing how people evaluate a share by using past share price ROI. Maybe I am too outdated.

i alrdy said in the past year and its a year-to-year comparison.

*Trying to make stupid comment like others*

sorry to pour water on southern steel's supporters.

but compared to my steel sector favorite lion ind's almost 400% return in the past year, southern steel's 100%+ pales in comparison.

Major resistance ahead. Just hold and wait.

This time no more strong defence on RM 1 by Mr Koon. Two possibilities.

1) Out of bullet
2) He saw more downside risk

It is normal because of Parkson. Normally Lionind lower 2 PE compare to others. So it is safe to put lionind into par of your portfolio. If parkson does bad, downside limited. If next QR parkson no loss or got profit, market probably will give lionind higher valuation than now.

1.41 tested and not broken. Average up a bit at 1.42.

I hate gap up in oversold area. Hold and see what's the closing today. Hopefully no shooting star.

Calculating it's fundamental and business prospect. Lionind has the highest potential ROI, however it's valuation is valued at lower despite so. Simply the uncertainties from Parkson which can make Lionind as the biggest winner or biggest loser among the 4.

The relevant level of NTA to company's value is depending on what industry.

When you are buying for its fundamental. Why you sell off to earn for short term profit? In most cases, they will miss out the major profit. Look at it, how many people sold mmsv below RM 1 or below RM 1.50.

The selling reason for a fundamental company only appears when it is
1. Overvalued
2. Business not doing well
3. Found better investment

Yup. The only main concern is about inventory. Nice price but no stock still no use. Let's see by end of November which company will manage to sell the most. Annjoo is better on managing this but I just couldn't find good entry. Stay on Lionind and hope parkson issue will quickly turn good.

Wow so good business. Thanks for sharing Leoting.

Simply from the statement saying owner and director hold most of the stock is bad and control the price to goreng. I already know your level.

Director Mr Tan acquired 90,000 of shares during last two trading days.

Back to investment part. It is good to have minor correction or rest while touching the oversold level. No reason to sell yet. Might not be able to buy back at lower price if sell off now.

According to my experience, there is a kind of people exist.
Spread rumour, simply talk without facts and figures, criticize people, keep telling buy at how much sell at how much profit how much.

These people are closer in share market in long run. One who does research and analysis, consistently making profit wouldn't do all these unnecessary childish thing.

Goreng stock = no consistent profit or loss making company, overvalued, penny stock, extremely high volume and volatility.
If want to goreng stock, goreng mmsv is really dumb. Doesn't fit the requirement to goreng.

Like what I always said. Price go up, scared. Price go down, scared. So when to buy?

Reversal hammer confirmed. Uptrend will continue.

He is not even qualified for sub par. He has zero bear market experience. His investment ages are all in the bull market. It is good to share but the problem is he is selling instead, and at an expensive price compare to other people who have more experience.

Well further elaborated. Thank you.

It is good to be passive investor, hold an undervalued growth stock is the way to maximize profit, KLSE is not mean to trade. Only two reasons to sell a share
1. Overvalued.
2. Company not performing.

Looking forward to break new high within this month.

Remember to hold even if there is correction because the perfect plan with sell at highest buy at lowest do not exist. You might miss the profit if u sell early or have to buy back at higher price. Anyway, people know the theory but most people do not follow and practice, because of their mindset and being greedy.

Do not buy share on downtrend. That's my rule. It didn't rebound last few days and continue falling strong today. No point taking unnecessary risk buying it. There are more better companies.

Today MMSV rebounded from short term correction and stand on the usual support at 20 MA. Technical part = Buy

Fundamental part says no more, business prospect is there, next QR will contribute higher EPS, valuation is lower compare to others.

@chong. I believe you have years of investment experience. Pretty good sharing of the right strategy, just that most of the people know the theory but don't practice. Psychology and mindset.

When price low, no gut buy. When price high, no gut buy. Very common investor. The reason behind is because you do not put effort to understand the company and business.

Too late back to my screen, just bought at higher price as rebound confirmed.

Well said Izz88.