I think RM1.12 is a solid entry price. Will we get there? I don't know for sure, but if we do, I will be waiting with a fistful of bullets to take advantage of the depressed valuations amidst the rights issue.
TrippleZ, then everyday you buy. :) Go google Li Ka Shing's video on youtube, the one he gave an interview to an asian girl. He deploys similar strategy when buying or selling. Never all in at 1 go be it buying or selling so you don't miss out be it opportunity to buy or sell.
So far, my strategy of buying when others are dumping works well for me. This is also the strategy used by Koon Yew Yin. That was how he made alot of money during the HK crisis when their lease was coming to an end. But I buy with extra cash only and have the ability to hold should things don't turn out the way I expect.
Some of the stocks that I keep an eye for short term play in mind:-
(1) MRCB - Bought around RM1.35. Sell above RM1.60. Election play. (2) DRBHCOM - Bought around RM1.65. Sell above RM1.75. Election play. (3) DNEX - Bought around RM0.57/RM0.58. Sell above RM0.60. But for DNEX i do keep half for longer term, good company and management. Goreng + Invest. (4) FGV - Bought around RM1.60. Sell above RM1.70. Election play. (5) IRIS - Bought around RM0.15. Sell above RM0.17. Goreng. Repeated this cycle many times (6) MUIIND - Bought around RM0.185. Sell above RM0.20. Goreng. Repeated this cycle many times. (7) MYEG - Bought around RM2.0X. Sell above RM2.15. Stable. Repeated this cycle many times. (8) JIANKUN-WA - Bought around RM0.085 and sell RM0.095.
Some of the stocks that I bought for long term play:-
(1) JIANKUN - currently having 2 projects launched. Was loss making for years but recent quarter they returned to black. I believe with the progressive billings coming in for their 2 projects, they should be able to turn around and record profitability for 2 years at least. Check lowyat forum on latest sale figures for Amani Residence. Looks good. Could be a good bet. Bought around RM0.28. (2) DNEX - as per above. Good prospect. (3) BJCORP - bought around 0.35 to keep. I believe will turn around. (4) MKLAND - although some tax issue with LHDN now, but i think the recent drop has factored that in. High NTA. Safe bet.
*** The above is sharing some of the stocks i keep an eye on and is not a call to buy or sell. Just sharing part of my portfolio with you guys. BUY or SELL at your own risk. End of the day, do your own research and decide to buy or sell on your own as it is YOUR money and not mine.
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....
Kartoonsukasuki26
43 posts
Posted by Kartoonsukasuki26 > 2017-06-20 11:35 | Report Abuse
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