@BeastOfTheEast Don't so sb. That means that's Kyy luck. Whatever stock he picked will soon return from very high to the lowest original price. And you never see the last high anyway like Dayang which is trading 1.5 now.
MSC 2.3800 PARAGON 1.7500 PA 0.5150 FRONTKN 5.3000
This mild CORRECTION has reset the EW going forward... Tech in OSAT n EV.CAR material stocks r likely preparing to bull into their MAJOR E, i.e. entering Uni. This VALUE wave is at quite similar location like gloves last year on Jul 1st. That MAJOR C wave gave gloves a super bull run to 1st week of August 2020.
NB: FRONTKN is 1st in NEW.HIGH zone. FPI n PARAGON have weakened considerably. All these stocks should recover soon I hope.
These few days i feel that these short sellers really maximum short kao kao all the glove companies o.
Its like they are going all out to do it. I feel that its weird and u can see that all if not most other cw expiring later in months may or june all fall drastically n the vol are big. Collected back back the ib?
Is it possible rss will be suspended soon or something big is happening in the future for glove stocks? Supermax buidling a factory in the usa. Is this the catalyst?
Like it or not, the glove party is over. 50% losses can never recover. Never fall in love with stock. It is not wife but serious business to make money. Low PE without party supporters cannot win. Those who sold high are laughing day and night.
Kyy investment strategies never change . Glove stocks cannot continuously drop for whatever reasons . From a high of RM10.++ drop until this very days is equivalent to 50 over % and now he still trying to talk glove stocks cannot continuously drop for whatever reasons .
Maybe if he sticks to this principles , he got to sell house, properties or whatever he has cover up his margin position if he never cutlost. This is infact a foolish investment strategies that is not applicable to everyone except himself since he has loads and surplus of funds to offset his losses.
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....