KLSE (MYR): GENM (4715)
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Last Price
2.16
Today's Change
+0.04 (1.89%)
Day's Change
2.15 - 2.23
Trading Volume
20,285,800
2024-11-30
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2024-11-29
2024-11-29
2024-11-29
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drkelvin20
694 posts
Posted by drkelvin20 > 2021-01-07 10:39 | Report Abuse
@adamwarlock.
If you understand what this quote mean really"
Warren BUffett quote was meant for fundamental strong stock, undervalued blue chip stock due to sentiment, due to market panic because of pandemic or special incident which drag down the share price significantly.
And on the Top Glove: Yes, it applies also..there was market fear last 2 days where top glove dipped below rm 5.2 To be honest, I bought at rm 5.58. Now now it is rm 5.9. So the thoery proven to be right.
But if you study the Glove counters, all these are overbought in 2022 onwards when Cobid is expected to fade away... BUt in upcoming quarters there is still strong sale and increased glove price which lead to stronger net profit. And the Glove coujter was under panic sale last 2-3 days, and I bought some during market panic and it proof to be right.
I do not mean to promote glove counter. But i think can buy still at market fear e.g. rm 5.5..and sell at market high rm 6++....and my opinion, there is high chances the glove counters will retrieve towards the end of 2021 when market recover with Cobid near end...
This is again Warren Buffet thoery which support mostly fundamental strong, UNDERVALUED, OVERSOLD blue chip.
GIven the TOP GLOVE, my own opinion, it is fundamentally very strong, the high share price now match the current sale and profit, so when market fear, glove counters dip, I actually think can load some and I did it, and I think I will sell it at rm6++ coz I think towards the 2021 end, glove counters will retrieve.
Even when I applied Buffett thoery on glove counter, it worked for me and share price is RM 5.9 now.
Again, all above are my analysis and study, you do not have to agree with me. BUt I will insist for my strategy:
Buy/hold when market fear, sell when market too hot--For fundamental strong, oversold blue chips which is undervalued by market due to panic and sentiments.
Above serve for my own opinion, it does not represent sell calls or buy call, please do own analysis and invest on own risk. Take wise decisions.
I hope all of us make gains in share market for better life.