I have to take my hat off to our friend Want2Win. On Tuesday he said, "ki ki ki". "Tomorrow 22!!!" in his usual trademark style. And indeed, on Wednesday (i. e. yesterday) price ended at 22 at closing time.
I don't how he did it. But he was chun chun spot on, man. Don't play play one.
If everybody starts selling like crazy every time there is just a little bit of pick up, then it's going to take decades for this TDM to move anywhere far.
ProsperousRealm is right. TDM is worth much, much more than just 22 sen, once it's land & other assets are revalued. Not to mention the expected improving prospects for palm oil. Long term investors do not need to sell so early, because they're usually the types who strategise for the biggest possible gains for any certain amount of invested capital.
Getting in & out frequently is only for short term players. For a fundamentally strong stock, long term game is statistically proven to be more efficient & more productive, for the same level of capital investment.
I always very much prefer a 20 sen stock over a RM2 stock, if they are about the same quality. Because a cheap stock can move much, much faster when the confidence level starts gaining momentum. Simply because many, many, many more investors can afford to buy into it.
Be a long term investor. Make much more gain with much less stress. This is what is smart, efficient investing is all about. Neither thrilling nor glamorous, but plainly & coldly efficient.
Bulldog already fall in love with tdm since 2006...... keep collecting piece by piece.. tdm go up bulldog go up. Tdm go down bulldog keep continue accumulate... pension scheme... convert all the non performing counter to TDM
Very good news la... another 1.9mil tons by China.
In year 2018, total export of CPO was 16,487,556 tons.
In March, 4 of China companies agreed to buy 1.62mil tons more. Today, another <1.9mil tons (Is said supply of a minimum of 1.9 million tonnes of palm oil to China over a five-year period, starting from 2019).
So total 3.52 mil tons from China alone.
3.52mil/16.4mil = 21 %. Till date, China already planned to buy 21%+ more CPO from Malaysia. That's a very good sign for our CPO. Hidup Tun M, Hidup Robert Kuok.
On top of that, our Ministry of Defend proposed to exchange CPO products with military equipment(personally I think that's a very very good proposal). The worst is over for CPO. Time to enjoy the fruit that we planted. RM1 is not a dream, however I'm happy enough if TDM will go back to 0.80.
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Posted by Leempeh > 2019-04-24 17:31 | Report Abuse
Continued to collect on every retracement....yes tomorrow is the real showtime, man!