Of course, not aggressive buying all at once even if you deem the share price to be absolutely attractive and need to maintain a diversified portfolio. In any case, need to have absolute holding power under current economic/equities climate and important to maintain a 50%:50% (Equities:Cash) position as there will always be Value Buy. Crisis = Opportunities:-)
Newbie5354.... I’m observing the price.. plan to buy .. the price keep dropping ... waiting for the right price... the lower the better ...I’m sure u r holding .... well, no point being frustrated or blaming others for buying high ... u have to be responsible for ur short sightedness...
Bought BAT for the first time in my life. 5k@14.90.
My friend who sold the smuggled cigarettes were caught by Kastam recently. Good sign. The government is really serious in combating the illegal smuggling.
I am still patiently averaging downwards & accumulating at 15.10 & 14.90 today :-) Let’s see how low it could go due to recent negative news flow but Iuckily I have deep pockets and can still average down all the way based on my exceptional capital gain in 2019. Also, my other stocks in my portfolio are giving excellent returns. If analysed carefully, the selling pressure on BAT is not aggressive based on the daily transaction details. Even I can easily move BAT share price upwards significantly if I decided to buy aggressively upwards or move my investment weightage from 50%:50% to 70%(Equities):30%(Cash) in due course
Of course there will be effect including the lackluster economic climate and uncertainties in our political scene resulting in foreign funds exodus. However, the projected dip in sales and envisaged dividend yield (albeit lower level) still does not justify the current trading price for BAT. Market has no memory and Foreign Funds will return in droves once they smell Value :-)
@ abang_misai Welcome to the Club. You have got excellent value @ 14.90. As for me, I started since 16.30 after the Ex-Dividend as I envisaged the wrong “bottom price” but still happy with my average accumulated price. Government/Kastam will definitely embark on combating illegal smuggling based on recent MOH statements.
Time & Tide Wait For No Man. The List is not exhaustive but those that bought near “bottom fishing” price when sentiments were absolutely negative & exited within the last 12 months would have had a “bumper harvest” 1) Gamuda 2) TM 3) Astro 4) Sunway 5) Airport 6) VS 7) SKP 8) PLabs 9) EcoWorld 10) EcoInt 11) Armada 12)Velesto 13) KNM 14) SP Setia 15) IOIPG 16) Air Asia 17) Lafarge 18) MBMR 19) FGV 20) D&O
Thanks @Panorama1. Let’s Huat together. I will add bit by bit everyday. I’m buying because the government is taking action on smuggling and of course its value for money. How much we stand to lose at Rm14.90?
Market noise and negativity are always good or we can’t get this price. Once the BAT goes up, trust me, there will be a lot of write ups why we should buy it. That’s life.
Exactly. In equities investing, Positive thinking should always be the way forward. Nothing is certain but one must always Trust their intuition and follow through with the plan. The market noises and negativity enables me to execute through with my “bottom fishing” strategy perfectly and successfully :-)
In stock market, you can argue until the cows come home. The bottom line is that if you see values in it, wise decision is to do a buy. If you don't, stay side line. As simple as that.
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....
Wing23
415 posts
Posted by Wing23 > 2019-12-11 15:55 | Report Abuse
still waiting for bottom point and didn't see any sign