I usually don't comment as a conservative investor. But after reading these blogs for months I felt all we are doing here is not helping each other. Simply say things we are unsure of will only hurt our own investments . Clearly, some comments were penned with own agenda. One can see who are the genuine investors and who are simply ex employees. I have followed this stock for 5 years or so. Yes I do agree they have made some mistakes and the weak oil prices are not helping. It's a good thing there is new management and we should give them some time to prove themselves that they could make good past mistakes done by ex management.
I'm starting to get interested in this counter after one guy mentioned it at the THHeavy thread. I've done a very quick check on its history. It wasn't too long ago that Daya was at 0.40+. Its latest quarterly report doesn't look too bad, taking into account the depressed conditions in this industry. Its NTA of 0.17 is also an interesting aspect.
Since this isn't a dividend-paying counter, the game plan is simple - potential of capital appreciation i.e. in the share price going up. I'm weighing the downside risk and upside potential. Could it go lower than 0.10? Of course. But just how much lower still - 0.03 like Amedia? 0.01 like Hubline?
Is 0.20 possible? Definitely. And that will be a 100% gain. But if it does go back to 0.20, what's to stop it from going even higher? It's all a matter of sentiment. Right now nobody wants it but this situation isn't permanent. I'm not buying just yet but I will certainly keep a watch. If it moves - significant increase in volume especially - I'm in.
Had read part of Daya's 2014 Annual Report. One thing that I like - the frankness in admitting mistakes and weaknesses. This is unlike so many annual reports where the chairman and managing director would insist "we are excited by...", even when the company had been making losses.
all i wish to get back my money..that's all...i don't wish to have profit....i am out of cash now....i dont have the holding power anymore....about 1500 lots stuck at 0.31 average....
Volume suddenly picked up in the afternoon, unnoticed by me, and it closed 0.015 sen up. Had missed the chance to buy at 0.10. But this is encouraging and worth noting. Looks like Daya has found its bottom.
@IVAN2222 About taking a personal loan to buy shares - I can't say whether this is good or not, because it can work out either way. But the good thing is that the loan is used to buy an asset. That means it can be easily converted back to cash. This is way different from those who utilise a personal loan for consumption - going on holiday or buying things.
Since 0.31 is quite far away, averaging does make sense. But only do so when you're reasonably confident the counter is on an uptrend. "Average up, not down".
yes mat cendana, that's why i saying i will only buy when the price hits 0.2,for me when it could rebounces back to 0.2 means it can go to 0.3 soon...so it's worth for me to loan and buy more to average down..in my opinion
That's how it goes with the stockmarket. There's always the risk of losing money - realised or paper loss - every time we buy something. In retrospect, it's always easy to say one should have done this or that. I've made many losses too. The best that we can do is to try learn lessons from our investments - reduce the mistakes while trying to repeat what we had gotten right.
Right now, I'm trying to hold on to this strategy - don't be tempted by "cheap", that is counters that appear so when compared to their `normal' previous price. Mudajaya, for example. It was often more than 2.40 so one might be tempted when it goes to 2.00. Then it went lower and lower, to 1.40. So, nowadays, I prioritise counters that are on an uptrend. Or one that has gone down significantly and appears to have found the bottom. Like Daya. Going to see how it performs on Monday. If there is volume, that's an indication of something brewing.
The O&G counters are getting attention today. KNM, THHeavy, Sumatec etc. Daya too, somewhat, which is a good thing. Those who had gone in at 0.10 already make 20% profit. In just a couple of weeks. Nice!
@ 0.115 how good you expected this stock to be? Fundametally, don't even weigh it but technically showing some upside + volume increment. Traders play this counter hoping to get around 40% - 50% profits hopefully by midterm or roughly by year end window dressing. That should be logically possible if the negativity of the 1MDB fiasco simmers down. The Dow is falling into consolidation mode but buffer by the strong greenback. FBMKLCI would likely be the same pressured by the weakening MYR.
Our year end window dressing will be enhanced by our weak ringgit as foreign funds will be able to buy more with their USD. Our local funds? Almost running on empty ........
ha..ha.. those trap in this share at 0.13 will have to wait wait wait for long time as long as oil price not coming back to rm80... good luck.. those on 0.09... good profit...
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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....
FamilyJ
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Posted by FamilyJ > 2015-06-17 21:10 | Report Abuse
I usually don't comment as a conservative investor. But after reading these blogs for months I felt all we are doing here is not helping each other. Simply say things we are unsure of will only hurt our own investments . Clearly, some comments were penned with own agenda. One can see who are the genuine investors and who are simply ex employees. I have followed this stock for 5 years or so. Yes I do agree they have made some mistakes and the weak oil prices are not helping. It's a good thing there is new management and we should give them some time to prove themselves that they could make good past mistakes done by ex management.