Some profit taking is happening, again I want to advice you all to stop or reduce trading mindset, and adopt investor mindset... don't sell for 10-20% profit. Haiyah...
The next Q result will come in 2 months' time, in which it's expected to at least have 2 cents EPS. I'm actually discounting some reduction in EPS.
2.65 + 2 cent EPS... which I expect to be maintained until year end. 2.65 + 2 + 2 + 2 = 8.65 cents.
If you have holding power until year end, it'll be 60-80 cents.
The last time I was asking people to wait for QR is during 16-19 cents time if you find back my posts in MCT... and yes, I'm still holding on even at 80% gains.. invest more, trade less guys!
If you can wait for 2 months, 2 months only la... after announce Q result, it will average 40-50 cents, per Q result announcement where a minimum of 2 cent EPS is hit, expect a permanent gain of 10-15 cents.. because this is SUPPORTED by FUNDAMENTALS.... after announcement, the price wont break down anymore.
Compare the performance of ur trading account vs investing account, u may actually be surprised.
Trading account every T7 facility u use, every matching set of buy and sell order, u will lose like 0.8% fees?
This 0.5-8% fees is crazily expensive over multiple multiple trades u perform in a year!!! imagine 10k ammo, u trade (buy/sell) 100 times, each time u incur 0.8% trading fees + the T7 fees, 100 trades u make, u incur 10k in fees already.. roughly la.
Not even talking about u will Cut Loss or not.... you can't win if u trade long enough..
Buy and invest with your own knowledge and understanding. If you listen to guru, or listen to anyone, you shouldn't be investing.. You'll be taken for a ride.
If it can touches 36 cents back tomorrow, it would already be great for me. Then, from now till next QR, to move between 0.35 - 0.40. If QR good confirming the turnaround, it can up toward 0.60. My feel only. No hard evidence.
MCT is not a speculative stock k...it is a very fundamental stock that deserved to rise high...supported 12 bil Total GDV and almost 0.39 cash per share...under the good management of Ayala Land... Phillipine largest developer
Someone posted proudly Come take my Ticket at 0.33 cent just now and deleted.. lol, very easy to see he's a trader and matched his Q I believe..
Short term, it may still go down a bit, normal for consolidation to occur after a huge jump, but I believe 30 cent will be a good support.
Over few more days, especially after T7 from 1st April, we'll see how many of the shares traded ended up in 'Investors' hands, who have the holding power.. it'll then stage the next breakout if nothing else happened.
So far, I like what I'm seeing, as long as above 30 cents by 15th April, the available supply of shares for MCT will have sufficiently been reduced, until the next Q result that's just 7 weeks away now.
Anyway, it's good to see more trading interest in the share, good share, good fundamentals whatever also, no use if no interest. enough commenting for now, hope to see you guys again in 2 months' time, when it's 40c++ la.
My average around 0.195......0.315....is consider a bit high for short term... If u not trader, still OK holding power still important. If market sentiment not good retest 0.280.28 is possible
Just my opinion I think won't drop back to 0.225 but I think 0.25 anytime hahahhahahaa. Anyone know how to queue fake buyer? I always see done 100lot then 5k lot behind disappear how to do that?
Dear Valta, I saw you did frequently comment constructive opinion. As you said Mct overhanged properties is getting lesser (cyber project) but the new incoming project which mainly is Alira subang and Aetas but only at "soft launch phase".
But how do you think the next qr will be good and will have at least 2cents eps?
Btw I did personal message you in i3 messenger. Please kindly check it.
Anyway, it's good to see more trading interest in the share, good share, good fundamentals whatever also, no use if no interest. enough commenting for now, hope to see you guys again in 2 months' time, when it's 40c++ la.
The share price spike up from 0.225. if you see the history this counter always few day show then drop back to square one. Very likely drop back to 0.25. but I sold at 0.33 so I start cover back early at 0.295 below.
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....
Hooi369
657 posts
Posted by Hooi369 > 2021-04-02 09:31 | Report Abuse
friday stand firm on 30 then next week continue....