Market took out my sale at 1.63. My remaining holdings, excluding dividends, cost is 0.19. If include dividends is closer to 8 sen after factoring in both buy and sell commissions. So, nothing more to do here for this stock.
NatsukoMishima U believe or not after u sell it skyrocket to rm 2.xx later !
I still do retain some for speculative purposes like above. For the bulk, I execute my dividend strategy.
Our observations are price always zigzag up and down, whether anyone here sell or don't sell, buy or don't buy. That's market truth. Today it zag down after overbought at 1.65 to 1.53 as I write this. Later, it'll zig back up after oversold.
Definitely strong zig up bullish momentum since May (2 months). Zig zag principle means expects some zag down periods too later, before zig up again.
When I first bought GTRONIC, the Dividend yield was 6.0%. However, with strong price run up to 1.6x, the Dividend yield has shrunk to 3.8% - to me, it is enough reason to sell as it is moving away from my objective which is high predictable dividend income. Last year dividend was 7 sen, hence, cashing in makes sense to cash in many many years of dividends. I have 40+ stocks, I have no particular love for any one stock, I just execute my dividend income strategy as consistent as I can.
The question of whether to sell or not sell is a very interesting and very important topic.
My best advice is keep track of your own sales performance. Note the date and price of selling and monitor what would happen for at least 1 year after sale, to see if overall, you are better off not selling or selling.
My own past observations points to me these strong personal conclusions: 1. If markets remain in a sideways range / bearish mode, then, almost always, my sale generates value i.e. I am typically able to buy back at a lower price, i.e. trading adds a little bit/some value. 2. If markets shoots up strongly, then, my sale creates negative value, because the opportunity cost is typically greater, as price can shoot up higher than what anyone can expect - some cases are like this.
My experience is that 1. happens more often in recent years and 2. occurs rarely. Nevertheless, when 2 occurs, the opportunity cost, when measured against peak price can be quite large. The problem for me though is that I could never pick the peak price.
But the benefit of 1. is that it gives me a more stable result. Given my modest objective, which is to beat EPF returns, selling a bit too early meets my objective.
However, some of you may have more aggressive objective, in which case, you may consider to look for the big win later.
However, once the market turns from either bearish or sideways, into a bull market, the key is to sit tight and don't sell. In a bull market, never, never sell, until you see the market turns. In such markets, you can sell a bit late and typically, it creates higher value than selling too early. Only in bearish / sideways market is it worth to sell a little bit early. In a bull market, sell a bit later.
Clearly, GTRONIC's market is no longer bearish. A strong rounded bottom has been seen in multi year weekly chart. However, the rise the past 2 months is very strong. Typically (but not always), there should be some retracement near the neckline. A normal turnaround should see a healthy 38% Fibonacci retracement (say 20-25 sen from neckline). A strong bull might see less like 20% retracement (say 12-15 sen).
So, if one sells at 1.65, then, the place to pick it back up again is around 1.50 to 1.40 say.
NatsukoMishima once again slap his own face ! Better stay at home dont lose your face ! 😂 __________ It s not too late to sabo me after 3 months later !
However, on the same multi-year weekly charts, there are many potential hidden bearish divergences when measuring price against RSI. A hidden bearish divergence means potential for price to fall. As GTRONIC price suffered a very prolonged and massive fall over several years, it is normally not a straight line up to make new highs - more normal for it to zig up, zag down, etc. Against the weekly candlesticks, more likely to have opportunities to buy back at a lower price the first time. It will be different the 2nd or 3rd time.
just look back all ur comment history before talk to me. most of them is just blabbering yelling buy now 2mr RMxx. then mostly 2mr never reach the price u said. sabo u in 3months? if need 3months why u say will close above 1.70 ? and yet still have the balls to scold other people 😁 use ur brain please.
i dont mind people talking about the stock price up or down. since everyone is free to speculate. but this natsuko. everyday make call like confirm price will hit the target, that is not speculate, thats simply gambling call.
thats why last time i called him sinkalan. since then he keep atk me for no reason LOL
fun fact. i search his name in google. this explain alot about his dysfunction brain
Last 4 days when i said will touch 1.70 some people laugh at me , today u see touch 1.71 already , trust me dont sell this stock keep atleast 6 months u will get huge gains after they announce new customers n big project + high divy ! End of year tp 2.20 convervative !
Last 4 days when i said will touch 1.70 some people laugh at me , today u see touch 1.71 already , trust me dont sell this stock keep atleast 6 months u will get huge gains after they announce new customers n big project + high divy ! End of year tp 2.20 convervative !
lol joker act. then i can cincai say this stock confirm close at rm xx TODAY. whenever it reach at N years later i can still act pro say that i said it. whenever it didnt reach TODAY i can ignore
Its price climbs at snail speed in years. But when it drops, it takes on rocket speed. I think its share price won't recover so soon given its negative outlook for 2023.
No industry stays down forever. Bear that in mind. Geopolitical factor affects semicon ind. probably more than others when ruling regimes uses raw material and market restrictions as bargaining chips.
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....
NatsukoMishima
6,775 posts
Posted by NatsukoMishima > 2023-07-17 11:33 | Report Abuse
Mean while , u can buy dnex which is lagging the bullish trend .