Semalam banyak orang kata 12 cents Susah dapat. Now orang start saying 11 cents Susah dapat. Esok banyak orang cakap 9 cents Susah dapat. The moral of the story is simple. Right?
GAO ! YESTERDAY STRONG SUPPORT 0.13 , TODAY STRONG SUPPORT 0.12 , TOMORROW WILL STRONG STRONG SUPPORT 0.11 , AM I RIGHT ? I HAVE RUGI LEH , STOP THT DOWN DOWN MAKE ME CRAZYYYY, HAAAA LOL!!!
I think NG will announce the submission of bonus issue proposal to Bursa Malaysia for approval by this week. Maybe EGM date will be announced soon as well.
Profits should improve in view their contract with Inovisi, will have higher portion of revenue being recognised towards the completion of the project.
However, that is not as important as any potential corporate exercise that I'm anticipating. You can correct me if I'm wrong or deluded, but I can't seem to shake off the feeling of why suddenly the CEO and directors suddenly purchased huge amount of stocks all of a sudden. Is there something awesome brewing inside?
Next, if we can wait longer, that is don't look at the daily price movements of this stock, we can ponder how the management is going to utilize its tower building and land in cyberjaya. I'm okay if they take it slow as long as sufficient due diligence is performed on the viability of future plans.
Why do I say don't look at the daily price movements? Just take a look of their NTA. The NTA is trading at 0.19, much higher than the current price and I believe is higher than your cost. That is for book value and discount you get.
How about sustainability of profits? Well, you have profit guarantee from Inovisi with option to extend the contract for t another 3 years. Thus, earnings have also been taken care of.
How about catalysts? Since this is the most crucial factor and we all know investors, speculators look at this factor the most as they want to make a killer profit like Iris. There are plenty of catalysts that we can see from this stock as I mentioned in my post earlier, but we just need to wait for that to happen. And we know common investors/traders hate waiting, so this is our advantage over them. If we're able to buy in at the current price, the free riders that want to hop in later on positive news can never get our price, and they have to pay much higher premium.
Finally, on emotional viewpoint of the daily fluctuations of the price. Are you emotionally challenged right now on fears that it will drop further? Did you just witness this counter moved from your cost of 0.12 to 0.16 and fell back to 0.12 again? If that happened, do u feel like kicking yourself for not selling at 0.16 and buying back at 0.12 today? Don't blame yourself on such instances, as everyone would have thought it will move higher than 0.16 earlier on.
Yes, you would have felt like a genius if u pulled that out successfully but have you ever thought of how much more you could have earned if u hold, and months later it moved to 0.16 then 0.2 and then 0.25. While at the same time the proceeds you sold at 0.16 earlier, you invested elsewhere and perhaps losing some money in the process due to greed and overtrading.
To me its very simple, as long as the company is financially strong (won't go bankrupt), have a good partner (like Inovisi), high management commitment to the shareholdings, all which points positively to NG, I have no concern holding this company longer, without looking at the daily share price movements.
People are so fearful and sell irrationally due to Ukraine crisis (seriously, what the heck?!) and hold cash. These are the same people that will jump back into NG, at a higher price later on when NG suddenly jumps one fine day.
Waiting game is not for everybody, therefore not everyone is successful. Many people wants to become rich playing the stock market but just couldn't do so because they are too impatient. They felt that everyday without gain is a lost opportunity or rather an opportunity cost. Thus, they sell and try other counters that might give them explosive gains the very next day. Seriously, if you;re just a retail investor, trust me, you can never go far doing so. It might happen, that their previous stock suddenly surged right after they disposed off days earlier.
I hope everyone can be patient with NG to win this battle against the punters. The longer you hold, the more stable the price and punters will not be able to get the price too cheaply to take advantage of you guys that held on this counter for so long, at a higher cost and longer holding period (time cost).
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....
77cq
831 posts
Posted by 77cq > 2014-03-04 15:49 | Report Abuse
berapa hari lah turun nya! mana CEO kita ?