The last time MPI reaches its highest point was around ~RM50. I think in several days, passing RM40 is possible, maintaining RM40-45 within a few months is likely, but if it shoots up way too fast, passing the RM50 mark with relative ease, then I will be worried. Recall that it took 6-7 months to go from RM40 to RM50.
Very unlikely that the war will end this week. Given current situation, my gut feeling tells me mid-April or May at the earliest. Of course the sooner the war ends the better, but don't hold your breath.
For traders: Chinese companies especially distressed ones such as property are expected to submit their earnings before the deadline 31 March 2022. A lot of property companies could get delisted if failed to comply with regulations. CSI and Hang Seng could experience heightened volatility throughout this week.
No need worry. Tech stocks going through some corrections. Really takut then take profit first then enter again when rally starts. I will keep holding. Don't have all day to buy and sell, and I too kedekut to give some earnings to Bursa.
Posted by software guy > 9 hours ago | Report Abuse
pang72 deleted all his tech stock up up up post? Genetech, Greatec, Kobay...all post deleted. ------------------ pang72 is a liar here. His comments :- Quote !! Close your eyes to buy Jtiasa - He told all readers to buy, he sold and left earlier than others. MPI will be 40.00 in next week - He told all readers to buy, he sold and left earlier than others. Unquote !! He is a liar, telling lies here and delete all his postings when the information given by him is not true and correct. A liar without any creditability.
A pot is calling a kettle black. No difference in I3. I3 is a public forum, everyone is entitled to write what he likes. Do not attack others if you are also making mistakes.
@Pinpin jangan risau lah. It's tech counter, up fast down also fast. MPI either at the top or bottom of Bursa most of the time. I think MPI is slowly climbing up, so I continue to hold. If cannot take the heat, there are more stable industries, like banking. For example Maybank is quite stable and pay good dividend. Much safer alternative.
A lot of people thought investing in tech stocks especially Malaysian companies is as easy as following Nasdaq's market close and Nasdaq futures. Honestly, Nasdaq futures market is heavily manipulated and hedge funds abuse it to their advantage. Especially CTA-focused and stats arbs funds. The golden age of price discovery for tech stocks is over. It is best to pick winners and treat them like value stocks. Or else be prepared for more disappointments
@wallstreetrookie maybe you're right. If tech is trending up, no harm buying the dip. Of course not good in the long term. I don't trade very regularly, last trade was two weeks ago, lol!
NEW YORK (Reuters) - Investors will have a painful 2022 as an inflation-fueled recession will trigger another correction in the stock market, Bank of America said in its latest report.
Malaysia CPI reading only 2.2%. The macroeconomics in Malaysia is drastically different from US/EU/China. Foreign investors will continue to net sell Malaysian tech stocks. Follow the footsteps of local institutions. Without local institutional funds, MPI would have plummeted already
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....
wallstreetrookie
9,784 posts
Posted by wallstreetrookie > 2022-03-22 21:41 | Report Abuse
lol