its not an order ... its up to you.. just my humble one cent advice .. if not , you will surely need to wait longer to reach your last n higher level ... average down, its still works that way , at least for longer term ...
cuma nak bagi pandangan.. takkan itu pun salah kawan...
0.14 average 0.11 average 0.08 average 0.06 average 0.055. If later 0.02 stuck for 1 year, you will know you go buy glove stock better than helping Fintech Groups scam other or be a waterghost.
Hmm .. Ok...Thanks my friend ... But, How do you exactly know that , friend..,? .. do you have any link with the insider.. ? .. are you 100% sure or merely an assumption of everything ... if not, there is still hope for everyone .. and at last ... invest at your own risk .. it might be profitable and might not ..
.... And.. sorry.. why are you still here my friend.. LycanD ..? anything attracted you here..? any plan forward with this stock ... ? coz , its either you already make money here or plan to make money here now or later at reasonable price for you ... coz im sure you will not be here to make any losses right..? :D
ESOS to motivate staffs, YES. What if staffs are non-existence and directed to upper insiders? You may visit the office. This is not a new company, 1984, instead kinda old, 37 fking years.
Newcomers waterfish will be confident, given 37 years at 5.5 sen. Not the first time and not the last time MTRONIC throw away its reputation.
The whole Fintech sharing the same strat, see sanichi, lambo, saudee. Wash, keep on.
They motivated selling you at 20 sen, collect at 2 sen. Private placement to ally companies and sell back to you, repeat. Waterfish dropped, then consolidate and repeat.
Future is bright.. if you follow the covid news closely, there are many reported cases whereby individual still got infected even after 2 doses of vaccine.. this would fit perfectly for the "project" between mtronic and joysbio.. test kit for immune level antibody to assess if 3rd dose is require etc.. even Pfizer CEO said that it is possible that annual vaccine is needed for certain individuals
So much cash in the coffer yet proposed another round of 15% ESOS and 30% PP this month. In doing so, they suppress the share price in order to get huge number of cheap new shares at deep discount later. Where r the cash now? Is the cash coffer empty now to force the co initiating new shares issuance schemes to raise the fund?
Someone still haven’t wake up, the deal will be negotiate in “any time within 2 years”, wait until 2023 and wait for Covid-23. Oh ya, just read that the newspaper has reported regarding the Covid-19 screening and testing project for Malaysia Airport,this company not even close to it. Couldn’t it be selling RM400 million (JOKE) test kits to mamak stall nearby your house ka? hahahahaha So, go sleep earlier tonight and have a sweet dream.
FeLI305 Your entry price is too high. I am not sure how many lot you bought but I can see you bought at peak and hoping for it to go back to that price.
For cut loss it always depends on you much you willing to loss. If you bought at 0.165 and cut loss now you are losing almost 66% mate.
If you have holding power you can do one of the following:
1. Just keep holding for now. How long I don’t know it might be next months, next year or few years.
2. Second you can take risk to average down your buy, just monitor the price see which price you are comfortable to buy in. Note that there is risk here too as maybe you buy at 0.06 to average down and let say you managed to average down to 0.08 and you manage to sell at 0.08 then you only loss transaction fee, if more you make profit and if you sell at 0.07 will be at loss around 13%. Note that this is ideal scenario which very rare it occurs but you need to plan it at your end how much loss is comfortable for you.
If look at company 5 year chart the price range is from 0.02 to 0.18. looking at their core business, which is construction, you can hold long if you have strong holding power and if price hit your sweet spot sell and run.
But like I say you want to hold for 1 year or 5 year it depends on your holding power. Many of us are not investor as investor buy and keep for long term. We are more of trader whereby we want to use our money to make profit in short windows like 1 to 2 months or even 3 months. If you change investment mode let say it took 3 years to reach the price, the same 3 years you can use the money in other counter to make profit if you decided to cut loss but if you cut loss now its 66% so do some homework on this counter specially on past what is their real core business modal and see if you are comfortable to hold it long.
Everyday I see people happy selling. Hope tomorrow it got very bad news and give opportunity for them to do another round of happy selling until 0. 005
Those naive ikan bilis argues that RM 400 mil project would be good for this company and no doubt this company worth more than current price, lets hope the price fall into RM 0.04 for that 400 million, it would be extremely ironic. Hahahahaha
Still downtrend.. Any idea when this round of private placement targeted to complete? Right issue, multiple PP/ESOS.. already 60+ millions in fixed deposit and now another PP to raise another 20 over millions..
I bought from 0.1 till 0. 055 and lose a lot of money but still holding it. I plan to hold it for few years so whether dumb or not time will tell. 27/05/2021 12:44 PM
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....
LimituPrince
307 posts
Posted by LimituPrince > 2021-04-15 11:59 | Report Abuse
Average down your head, helping you to cover your loss is it?