there is a term for it some call it "momentum trading" stocks that are going up will tend to go up a bit more. Your profits is from the "a bit more" and must be "unlimited", only sell when it drops more than 10% from peak.
example Genting peak 5.00 so you should have sold at 4.50 if you did that you wun be crying now.
tis is msci mid yr adjustment. GenB still the favor of fund mgr although Foreign keep selling. All 3 stock Public Bank, Hapseng and GenB which retailer favor have been heavy sell off by foreign for last few month.
Whatever AGM share buyback plan is for show only. When GenB ever bought back their own shares from open market? If LKT can stop dumping his shares very heng liow.
They will usually report their insider trades a few days later to bursa so they can sell quietly without the public knowing immediately (like during June 2022 at 5.20 zone). Lucky the next day 09/06/2022 morning still got time to clear off my balance. Then afternoon session price start to go down strong. The next day 10/06/2022 massive collapse. Heng the stock market can be a little retxrded at times for the quick traders to react first
There was a delusional cha cha aunty LoserSSP still talking abt potential M&A of GenB at high price when the professionals are already selling on 09/06/2022 and warning already given the night before on the imminent collapse in price. I will never forget how dumb that amateur was. Ha!
Yes, @ATK correct. That aunty wanted to control GB forum. So, post 10 up to 25 posts a day ! If she don't like yr comment, fight with you. Non-stop. Her buying price auto-drop when price no chg. She holds delusional record.
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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....
i3lurker
13,648 posts
Posted by i3lurker > 2023-05-31 13:35 | Report Abuse
there is a term for it
some call it "momentum trading"
stocks that are going up will tend to go up a bit more.
Your profits is from the "a bit more" and must be "unlimited",
only sell when it drops more than 10% from peak.
example Genting peak 5.00 so you should have sold at 4.50
if you did that you wun be crying now.