You are right dompeilee, new comers don't know the history you we better watch them dive, cut profit today good counter if you learn its behaviour, HAHA!!!!
I'm not saying it cannot go up further...just that ppl can't seem to realised these operators' game plan: get cheap placement shares in the tens & hundreds of millions & goreng up for a few days to dump to ignorant desperate retailers.
Same modus operandi as AHB, MMAG,XOX & AT. Many retailers got duped when they goreng & planted overoptimistic stories in the media & are still stuck with their capital 50% less or worse.
@dompeilee - your statement applies to all stocks apart from blue chips, investing in the stock market is just another way of gambling, you make a profit doesn't mean you're smarter than others, it's just that you're luckier
I bought a small amount of this counter at 9.5-10 Sen and am going to hold for a while but I acknowledge that it was a long shot hence the small amount. The price has almost doubled since despite having proven nothing in terms of actual earnings. I'm still holding but I also understand that moving forward this will be a pure goreng stock. Everyone else who is looking at this stock and is keen to enter should bear that in mind as well.
Anyway my point is with goreng stock, as long as you make money, there is no wrong time to sell. It's gambling on the whims of the syndicates who are doing the gorenging.
All these Warren buffet buy on rumour sell on news and be greedy when others are fearful mantras only really apply to blue chip stocks, not pure speculative or goreng counters like this one.
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....
dompeilee
11,888 posts
Posted by dompeilee > 2020-12-14 19:17 | Report Abuse
He's quoting Adyashanti ! Pfffttt..... I admire that particular teacher's advice...this guy is a fake borrowing legitimacy from someone else.....