When i bought it at 5.35 in january, it then fell to 3+ in a space of 2 month. Now will never go below 5 before the bonus issue. Patience will be rewarded
*@Trevor777 since you are so knowledgeable with this counter, why don't you give constructive suggestion to those trapped at high floors how to minimize the damage? This way you will be remembered positively by investors here.
@MrLiau....we are not masters or sifu. Also, the bear trap at 7.20 is much too high. Some may suggest averaging down but that would be capital intensive, and might not FULLY recover the damages. Why throw in more good money for bad faith? At 5.20 per lot, every 20 lots cost more than 100k.
What is apparent is the selling at every small spike...5.16 to 5.56 back to 5.29. Perhaps, retail investors are also shorting the price and cover at lower end. (before Bonus date is announced)
Others may advise to opt all out and try elsewhere with the remainder capital. There's no clear method. Need a Game plan and stick to it, no greed or emotions, be professional. Some people might paint a more rosy ending for the Bonus, but we don't see it that way without fundamentals.
Overnight Dow dropped more than 500 points, coupled with local political scenario is not encouraging, some ripple effects expected. Bursa might stagnate. Pharma already trading on low volume...sideways for now until approval and Bonus date.
Those troopers shouting LU and prices to 10.00, 12.00 15.00 are all missing and disappeared until some movement.
Don't expect any counter to expand and increase its price to meet the Bonus x numbers, unless the price has support and REAL Value. For "splitting" and increasing number of share for "higher equity participation" the price should be DIVIDED and lowered accordingly.
I wouldn't say there is no fundamental with this stock just that at this price, the valuation is rather high. However, stock market is always reflecting the future earning capability 6 months to 1 year down the road. Even the MD gave bullish outlook for the company's prospect. I hope with q2 and q3 results out, the true value of this stock will be unleash and valuations will then become attractive. Guess just got to be patient to ride out the storm
Yeah, would say you're pretty smart to have collect at 5.35 but not so smart when there's profit of 35% to be taken in (You're FIRED!). You buy a share at 5.00 but won't sell at 7.00, would not be considered realistic. Fantasy maybe. COLD HARD CASH of RM2,000 every lot inside of 3 months! Mind you profit of 35% on 5.00 shares not playing with penny stocks.
Look at good stocks like LCTitan dan Prolexus. Constant performers with good dividends and earnings but they also go up and down. At the end, fundamentals rule the day and these stocks eventually thrive
Please show Valuation for 7.20, thank you. Whose MD would want to lose their job by going to Press and say the flowers they're selling are "smelly"? Grow up please, real world. Troopers tell you, you believe the world is flat?
You may be a beautiful and wonderful person, full of compassion, religious, considerate, love and care for others...but in the Stock markets, those attributes would not be so forgiving nor bring you wealth. It's cruel and dog-eat-dog, get used to it.
And I hope you'd be telling the TRUTH that you let a profit of 35% go to the dumpster. Please tell us how you are able not to kick yourself in the ass for letting a profit margin of 20-40K go to waste (if you're playing 10-20 lots) Please don't tell you're just playing 200-300 units!
This is a free Forum and not pointing a gun to your head to read. If you don't like, please skip and avoid my postings. Thank you.
For the sake of those caught, we pray that your wish for pre-bonus price of 10.00 to 12.00 will come true, but just wondering how many would believe that.
Valuations should be based on p.e. ratio and not price per say. Q1 posted eps of 8.84 cents. Assuming the following 3 quarters profit remain the same, the annualized eps is 35.36 xents and at price of 5.29, will translate to p.e. of 14.9 which is very reasonable for this sector. What if the following 3 quarters net profit increase by leaps and bounds? Then you will see a string of buy calls by IBs and everyone will be beating the drum.
Sour grape does not like the price moving up like in tech stock last week. We must be cool because we earn a lot of money. We shld celebrate instead of angry..
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
MQ Trader 354 views | 1 d ago
0:17
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 510 views | 5 d ago
0:17
New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
Vaccineyes
786 posts
Posted by Vaccineyes > 2021-06-18 17:36 | Report Abuse
Support seen above 5.20.matter of time before bull run