I will considering re-entering Harta at RM1.50. By then Top Glove will probably be RM0.50.
At RM1.50, I'd be able to buy twice the amount of shares I had when I exited and that would give me a better chance to recover some of my losses in this counter over the long term.
When all this supply and demand imbalance is over, Harta and Top Glove should still be around.
Its just that in the short/medium term, I think it will continue to drop as long as big players like EPF and other funds continue to sell.
How I wished I had sold earlier and what an expensive lesson it has been for me.
Those who bought and didn't sell Harta before 2009 were virtually holding at zero cost.Not sute it will drop to RM1.50. Can slowly buying in at current price or wait for EPF ceases as substantial shareholder.
I dunno how people invest , Buy at RM 15 , the maximum loss is Rm 15 . Buy at Rm 10 the maximum loss is RM 10, Buy at RM 5 The maximum loss is Rm 5 ......Buy at Rm 2.7 the maximum loss is RM 2.7 ??? which one risk higher???
@ NatsukoMishima, talk is cheap unless you are the operator in goreng share. Even Mr Kuan also dares not say such bold words.A wise decision by Mini2021.
@Sslee...NTA is just a guideline and provides some comfort.. Most important is the consistant strong earning like Nestle.Nestle's NTA is way below its current share price.
God damn EPF is really net selling now, major dump on every rebound in the past weeks.
Thanks @ccpool for this: "Go take a break. Away from the price action and plan how you can position yourself in this bear market and DCA at significant support level rather than " i think its the bottom, i will top up here". only to see it go down further."
Rich man : Aiyo RM 2.7 ....okok I sapu 1 million shares , Hi Abu you no sapu ? Got 0.5 million shares later sapu again......
Poor Man: I wait rm 2.0 I wait rm 1.0 I wait rm below 1....
3 Years later RM 7.5 = Rich man getting richer ....
Moral of Story : Actually the poor and rich is genetic inheritance..... Poor man fail to buy at cheap......they always buy at high.....Rich man always buy at cheap and getting richer .....
My only question is when the rich will show hand , once they start take action the price will move up and the poor one need to buy higher..... >> Finally the cost for rich man forever is lower than poor man.....
I will considering re-entering Harta at RM1.50. By then Top Glove will probably be RM0.50.
At RM1.50, I'd be able to buy twice the amount of shares I had when I exited and that would give me a better chance to recover some of my losses in this counter over the long term.
When all this supply and demand imbalance is over, Harta and Top Glove should still be around.
Its just that in the short/medium term, I think it will continue to drop as long as big players like EPF and other funds continue to sell.
How I wished I had sold earlier and what an expensive lesson it has been for me.
3 hours ago
don't worry, you will soon regret again for thinking that you can time the market. according to you logic, you can buy much more harta at 50 sens than RM1.50. so why not wait at 50 sens? if you look at the price everyday, you will not be a successful investor. my average price is 4.60 and i have 0 worries no matter how low it goes. Because i invest with money i dont need and i believe in the management's track records more than EPF. EPF is just a dumb trader that buy high sell low, just see their recent performance for Q1.
If you want fast money, dont invest in market. It's a waste of time and waste of money. better to use the money to enjoy life than to worry so much everyday
More sensible advice now on this counter....really no point looking at the no during bear market....all red across the board, no matter what price you buy, it will just drop down further. Nobody can predict when it will drop and how much it will drop and when the no will climb up again during the bear attack. To me ....fundamental, time and patience are the essence and always just within the investment piggy bank, nothing beyond the said fund. Investment is supposed to increase our wealth not giving us sleepless night or heart attack and dearly me all those toxin comments, as if it is the apocalypse...one who is already down looking at the number may just drop dead on the spot....this is what we call investing for the golden ticket going 6ft feet down under instead of leading a better life with increased wealth.....lol
More than 15 years....I am not big moneymaker like you guys, always aiming at making big bucks within a short period of time. I am just an old timer investor having my own old fashion principle of investment. I am learning and still learning ..lol
Losses are very subjective for all investors....it is all depends on how long you have invested in the counter and how you maneuver around the figures throughout the years...shares are deadlog but not the investors.
Dont think my head is that big to fit the hat...Im just a small potato long term investor love eating my favourite plain nasi lemak from day one till up to now, lol and i am still learning, even from you guys here with some really giving out valuable advice to all... agree to disagree
One plus one may not equal to two....EPF has been goin through a massive shares disposal all over the place with report indicated lower dividend for 2022. Time full of uncertainties globally especially the share market. Just have to think twice on every step we make during the bear market, it is our hard earned money afterall.
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EPF selling Gloves counter to support bank counter as foreign fund keep disposing .... once foreign fund stop disposing they will stop selling glove counter..... EPF must maintain Bank counter as support KLCI above 1400 points.... if not support KLCI break 1400 point will cause more panic seller...
Kenaga used to be the most bullish amongst analyst on Harta. Even they have reduced their TP to RM2.90. I can't imagine what the other analyst will do next. Would be surprised if JP Morgan reduces it to RM1.50, if they haven't already done so.
Well it should be very interesting to see. Of course, I may be wrong and the SP could very well shoot up from here. I shall watch from the sidelines.
Cant seem to break the habit of watching this counter although I've sold it all already.
Well I guess we can't be running around calling glove stocks a safe bet any more with all the challenges Malaysian glove producers are facing. Can only hope that the increased risk has an increase potential reward (which the potential reward is definitely much more at the current pricing as compared to a few months back), but high risk high return is not for everyone.
Wow , US also come rob the market plus China AI , this time malaysia glove factories confirm will close shop soon ! That s y i said tg 50 sens also need double consider before buy !
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....
Mini2021
1,432 posts
Posted by Mini2021 > 2022-06-22 16:46 | Report Abuse
When?