After read through couple of QR, I can conclude the limit up is due to pump and dump by insiders with not so good QR. Anywhere, my profit from 30% drop to 10%.. No choice.
Similar price action happened 13 Feb 2023, slightly over a year ago. Then, stock came back down hard. Interesting to see what tomorrow brings. Normally, it shouldn't repeat, but it's hard to say as this would only be the 2nd time. Sometimes, if a stock wants to rise to make new highs, it needs to shake off the weak holders first. This can be like today's and Feb 2023 price action to fool people to think this is just one-time wonder, one day wonder. After 2, 3, 4 times, traders will queue to sell and then, when enough traders does that, the stock eventually take off with a lot of traders without a position.
For me, I'm playing the long game. The counter is ridiculously under-valued. Lower price is a buy in my book, trouble is the volume on this counter is so thin, it's hard to accumulate.
Good company - net cash position - generous dividend policy - conservative mgmt - cheap landbank - higher than industry average - landbank located in one of the fastest growing townships in Penang.
Property developers like Tambun Indah is the main reason behind destruction of fertile agricultural land. Thus, creating artificial shortage of food supply and denying animals of their habitat. Greed of humans is the cause of extinction of many living beings. They are proud of pigeon hole homes and drown in false satisfaction of living in cubicle similar to prisoner cells. The difference between city dwellers and prisoners is, prisoners don't pay. They create a living atmosphere, full of stress, pretend to be busy and abandoning their parents, cry over booming living expenses for basic necessities. When they get a few days off they run out outskirts and yearn for peaceful life which they destroyed. Silly educated fellows.
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....
pang72
47,562 posts
Posted by pang72 > 2023-02-14 09:11 | Report Abuse
It shld back to 1. 11 soon