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54 comment(s). Last comment by kiasutrader1 2015-06-18 18:20
Posted by NOBY > 2015-06-18 17:42 | Report Abuse
Thanks. Looks like you are more of a scuttle butt type of investor like Phil Fisher. Yes, sometimes the best time to buy is when the company is undergoing a rough patch or investors sell down due to some one-off negative event.
Posted by kiasutrader1 > 2015-06-18 17:51 | Report Abuse
NOBY,
Sometimes, there are opportunities I buy when I see the stock cannot go down anymore. I am more of a range trader between support and resistance as I am "kiasu". Currently the market is sideways and I am looking for opportunities like that but now because of the headwinds of our economy and USD interest rate normalisation, I got to be more careful as support may not hold
Posted by kiasutrader1 > 2015-06-18 18:20 | Report Abuse
Apologies, my KPJ check out date was 26 Mar 2015 not 2015..1 day stay not 1 year!
No result.
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CS Tan
4.9 / 5.0
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....
kiasutrader1
59 posts
Posted by kiasutrader1 > 2015-06-18 15:56 | Report Abuse
NOBY,
Thank you for your comment no. 2
I said above : "Also do we use our experiences to invest?"
Last year I was admitted into a KPJ hospital on 25 March 2014, discharged on 26 Mar 2015 as I was quite sick on 25 March 2014. I had to wait 3 hours or more in the emergency room before I was allocated a room because they told me the hospital is full and I have to wait as someone was checking out later that day. As I waited in the Emergency room, I saw that it was full and people did not even have a place to sit.
This shows that it is a very good business that is "printing" money for its Investors. A good businessman will want to get into such a business.
I have never invested in KPJ shares before and later after I was discharged, I had a look at the KPJ chart and was amazed that it was falling like a "Waterfall". I was wondering why, is it because they have some very bad results because of bad management or did something crazy?
On checking, I found out that Analysts were writing bad things about them because they took a lot of loans to build new hospitals in Rawang, etc, causing the usual financial guidelines to appear to be bad. This I cannot understand why a company that is taking loans to grow its business is treated as a bad thing. If it took loans to buy luxurious cars and villas, I can understand. If the financials are bad, then it should only be temporary.
If one check the charts, one can see that a base was formed at the RM2.99/3.00 level between 26/3 to 8/4 and volume increased from 01 April 2014 with the share price, not able to fall further. This gave a good signal that strong support is present and the share "should" rise from there. From 9/4 onwards the share rose and never looked back, reaching RM4.42 on 8 June 15.
That is using your 5 senses to invest together with understanding TA. FA is important but at that stage I felt that the growth prospects of the company is far more evident than short term financial numbers.