bullrun, my strategy has been to hold shares for long term but looks like it has not been a good strategy. I had most of my gains wiped out due to the unexpected steep falls in the Bursa . This old school strategy has worked for me in the past but not now anymore. Our local market is influenced by both US and the HKG market. If either falls big, our market will follow for sure with whatever gains accumulated wiped out or severely reduced.. Even shares with strong fundamentals will take a bad hit so it is quite risky to hold shares for long term. There are many good counters selling at incredible discount but I really do not know which ones are the real GEM,.

Yes I am losing big time on ICON , might as well give up the OR and lick my wounds. It is not the end of the world cos I am shifting to other stocks to recover my losses.I am not betting on ICON after reading the comments here.

You are spot on IbnuShaari. I am now having second thoughts of subscribing for ICON rights.

"l If you are experiencing euphoria and disappointment in trading, it means you are gambling"
The shares that I have invested are mostly on long term. ICON being one of them but nobody expected a big counter to come out with this kind of crap proposal. If they can't even get this simple thing right, I have serious doubts what is going change in the future . To see your shares being taken away right under your sight and not able to do anything is already frustrating enough. They even got the gall to sell you back what was yours in the first place. That's really hurts. a BIG BIG disappointment with ICON. I am stuck with a huge amount of OR not sure whether I want to take up the rights. If I take up the rights , it will be more of a gamble for me cos I will dispose them once my losses are cut. I will not hold this counter for long term given this experience and their style of play.

Another thing i find really strange is why e-right is not popular? I have lost so much money particularly on OR cos I am tired of going to the bank to queue and apply for a bank draft, go to the post office to get the RM 10 revenue stamp another round of queue and thence rush /courier the document to the company registrar before the deadline. Most of the time I would just dispose my OR to avoid the hassle.. Like in this case ICON again no e-rights? Are we not heading towards a paperless environment? It is not the question of the RM 10 revenue I am sure cos it can be deducted during application. So anyone knows why e-rights are not popular here? It is mind boggling. How is bursa going to be a big player when they can even get e-rights off the ground.

Will those in power please stop this unfair practice of forcibly taking our share away and then ask us to buy back our own shares by some lowdown repackaging..

Despite good performance this counter is not holding out. Surprisingly Dayang is holding out quite well. I did some simple analysis. Dayang is more generous on dividend distribution . Perhaps this is the reason why investors are still holding on the Dayang shares.

Read a lot of analyst reports supporting this counter when it was trading at it peak. As it falls each time we get to get good analyst reports on this counter. Now even at it lowest we still get good analyst reports. I am really confused why investors are not buying into this counter. Given it big order book and stability for many years ahead it is at a steal. It is now below RM 2.40 and yet there is not much support. Will it go any lower? I think the downside risk is very limited. I thought of buying some but am worried over their tight dividend policy. Paying only 2sen is certainly not attractive . It does not compensate for risk that we have to bear if something adverse happens like right now falling oil prices. I know this is a good counter better than some many oil and gas counters, it is just their dividend policy that is holding me back. Maybe that is the reason it is not moving up. I don't know. Anybody?

Really, then there is more room for upside than downside. At RM 2.28 it is already a steal. I am getting ready to pick up more.

Just wondering who is selling out. It is really strange that the price is not reacting positively to the merger. At RM 2.28 with the merger factored in, it does not look good.

How much do you think MBSB will be worth in the merger?. I have some MBSB shares still running at a loss and was wondering whether I should dispose all of them in the market ie before the merger. I lost quite a bit on the Glotec merger( Jotech, AIC and Autoventures) so I would not want the same mistake to be repeated.

Anyone knows what's brewing in Metal Reclamation? This counter does not have strong fundamentals but yet it is more expensive than other good counters like VS Industry, Mercury etc

Just wonder whether this counter is good for keeps. It wqs suspended for a few days last \week pending some kind of major announcement. Alas there is really nothing to shout about, cos the share is still trading at around its old price. What a joke. I have a few of them and thought of selling it even at a loss.