Bought more @ $8.08! Dogged determination that will one day yield an eventual patiently-awaited capital gain...for now the $10,218 in earned dividends & nearly $500 upcoming next will have to be enough...
------------ quote -------- ck Stock: [BAT]: BRITISH AMERICAN TOBACCO (M)
2 months ago | Report Abuse
If based on forward eps 45x 17 pe, the fair value only rm 7.65, today closing rm 8.30, think about that ......... --------- unquote --------- Today closing 7.93 !!!
Strong ringgit is Good for BAT.... 100% BAT raw material are imported from Indonesia.....22--25mil Tourist arrival will boost Airport Cig Tax free Sale-----100% VUSE vape raw materials are imported
With BAT prices falling the past 3 weeks, you may be tempted to go long in BAT. If you can't avoid this "opportunity", then, at least, be disciplined about it. Study this article carefully and try to figure out the opportunities to win.
Disclaimer: If you are NEW or a NON-trader, avoid BAT
If you are a variable trader that sometimes win, sometimes lose - the key to winning BAT trade is to do at least 4 things correctly. (1) Time your long entries perfectly. (2) Time your profit taking perfectly. (3) Position size correctly so as not too big, in case #2 eventuates. (4) Posses the right trading mindset.
If I didn't have a tiny position, I wouldn't be interested. However, my sell at RM8.9 still wasn't executed, so, I'm now losing a tiny bit and hence, I am stalking the trade.
Waiting for the "right opportunity" to enter a bit bigger than my original "tiny" trade. It would still be very small, smaller than my other investing positions.
@engineering, you are probably correct that it's the strongest bear in Bursa ... not sure if 7.00 yet but stalking. The 1.618 Fibonacci extension points to 7.35 but the Weekly RSI is not yet below 30, so, no trigger for me yet.
The Weekly RSI < 30 criteria misses many bottoms but if we are a professional trader, it's 100% perfectly okay to miss the bottom.
@MOBA my friend, love your comment "As I’ve expected, BAT stock price has dropped quite significantly and it could potentially be included in my stock portfolio soon."
I may join you if/when we see Weekly RSI < 30. If not, you go ahead without me ... LOL!
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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....
williamh
911 posts
Posted by williamh > 2024-07-15 15:19 | Report Abuse
There were people behind trying to manupulated the prices by pos ting many misleading and unfounds new