Our oil n gas co used to trade at higher PE (10+ to 20+) for years as compare to its peers in other countries which are usually below PE 10 due to their cyclical nature of biz. So when it went burst few years ago (2017 or 2018) they dropped very much badly than others.
Now our Tech Co are relatively more expensive than others...some r even higher than TSMC...thanks to the ghost (or growth) story sold by IBs...
What will happen when tech bubble burst (ops its ing now)?
While DJI continued its losses last night, NASDAQ seems to have found a support region on the 14700 point area, I believe our local Tech scene to have a good chance of continuing rebound today. Let see the market reaction.
I bought MPI when it was only RM11 few years ago! But sold after making few buck! Tech stocks is undergoing major correction following Nasdaq development! Unfortunately this will be quite a long haul! The new themes are oil and steel! Just sharing!
We will go through major drop in Technology stock. The drop is significant and will be for a few weeks at least. Technology stock is very good but buy and follow trend. MPI might drop below 30. Even at 28 you need to buy when the price settle and not dropping. Buy at your own fair value at least you win loss is according to your own decision.
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....
CharlesT
14,878 posts
Posted by CharlesT > 2022-01-20 07:11 | Report Abuse
Tech or glove doesnt matter
The fact is all bubble will burst