TuaHuat, it's better to average down your price to 9 cents or lower if you afford to... Currently the big player is playing down the price to 8.5 cents to accumulate more shares.
That day was just warming up only and i think most of the contra players were loser on that day due to one day show only. Anyhow, it will be coming back soon.
Actually I did sold my partial shares on that day to get some profit and now it's time to buy back it at 9 cents or lower. I think the lowest price it can go is 8 cents.
Patience and holding power are very crucial elements If you want to make profit from this counter. The classic concept 'buy at low and sell at high' must be applied strictly as well.
Be faithful n anything is possible in stock market. The company strategized itself to be conglomerate and now awaiting for time to harvest (provided the strategies work by having good results). After all, no harm to park at low price n wait for glory to come.
I will push up the price to 10 cents and above once I have accumulated 5% shares directly or indirectly because of the BOD, Tey Por Yee unwilling to do so.
Are u in the board ? I guess tey is more keen to raise funds from here to finance his venture in other counters. May b one day he forced to stay back here :)
Hi Albert Baker. I can't justify with TA or FA for TP RM1. As I said it was my own TP and I based on my expectation that the strategies implemented by the company will bear the fruits one day (I give myself 6 months). I have no insider information as well :)
Hi Rose. I hope my nick name can bring me prosperity :) kindly see my explanation to Albert Baker above for your question. I really have confident for this counter n I have to bcoz holding for so long already lol!! I plan to top up but should be after US FOMC meeting (to be held middle of this month). Good luck
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....
eu7985
1,086 posts
Posted by eu7985 > 2013-11-26 19:45 | Report Abuse
Tua huat, what is ur enter price?