I think it's no harm to be a bit cautious when the price had increased 40% since last week while the speculation of unlocking the asset value remains our wild imagination only!
In addition, it wouldn't be wrong to be cautious when the volume top the most active stock list, You won't be able to make good profit when the daily traders were rule the game while your risk exposure is no better than to engage in conventional gambling.
In this respect, Paulinecha10's advice is very much valid!
In this zero sum game....unfocused and amateur investor should shy away from touching mui and let the unsupported volume momentum to trap the mastermind !
when the rational investors controlled the games, the emotional speculator and gambler will forced to join the rational league ..eventually.....allowing the price distortion to go back to the value base.
The best thing is although make loss every year, this company still existing from 1960 until now. Very weird, so many hotels, shopping centre, still making loss.
I respect your opinion as well as I expect you in return !
I am not objecting for people to buy below 20 cents....
I am equally not objecting to buy when price hit the current level...BUT NOT AT CURRENT VOLUME !!!!
The probabilities of price can't be sustained at this volume is almost 100% because of the participation of daily traders....
Don't allow your emotional heart to prison your head.....
Don't allow your arrogant to blind your intelligence as well as to misled others !
No good! Absolutely harmful ..to your own self and others .....you may not loose because of your earlier position....but not the later comer in term of monetary! BUT YOU LOOSE YOUR REPUTATION!
Next week ....or when the euphoria is stop...the result would reveal the ultimate truth!
Lee Harvey hotel is sunset business. The old 1 might be the 1 suffering. Why? New budget hotel can offer cheaper rate so people will flock there.
Lee Harvey The best thing is although make loss every year, this company still existing from 1960 until now. Very weird, so many hotels, shopping centre, still making loss. 12/04/2017 14:20
If you go to Pg many budget hotels can offer below RM 100/night. So you think those with high cost base can survive in cut-throat competition environment?
Lee Harvey hotel is sunset business. The old 1 might be the 1 suffering. Why? New budget hotel can offer cheaper rate so people will flock there.
Lee Harvey The best thing is although make loss every year, this company still existing from 1960 until now. Very weird, so many hotels, shopping centre, still making loss. 12/04/2017 14:20
Penang lang,
Calvin already expected this question
There are 3 classes of people
1) Upper Class
2) Middle Class
3) Lower Class
In bad times the middle class will be squeezed. So medium cost hotels will suffer as the middle Class moves to budget hotel.
And those who patronized budget hotels will move to bed and breakfast setups to save further cost.
As for High End Hotels they will still survive & prosper.
Same goes for restaurants.
The midrange restaurants will suffer as middle class moves to economy food outlet. The poor can only cook at home.
But those Very High End Restaurants still thrive.
So CORUS HOTELS having higher quality clientele - especially High End Tourists visiting London or KL Petronas Twin Towers will still be Ok
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....
Max Ho
9 posts
Posted by Max Ho > 2017-04-12 13:36 | Report Abuse
agree with u tai