A hard lesson to learn and never keep stock for long term and you can go bankrupt. Even how good stocks after achieving a certain period of uptrend...... must sell first to lock in profits safely .
I bought at 2015 at around 3.60 then 2016 whole year at 4 never go anyway but profit increased like hell then come 2017 up to 7 later profit drop 30% and share price drop 30% also to 4 。back to square but funny is this 3 years company earn peanuts ? Why should sell back to 4 ? Unless it’s really making losses.
Market is emotional, when it's good, even a loss making company also become GEMS. When market sentiment is bad, people will throw GOLD GEMS away. Its like Adidas NMD selling at discount 90%, but nobody want. Normal days, normal price - long queue.
Directors also trapped at 6.3/5.5/5.0/4.8.. till no bullets to buy up the share price as investors lose confident in Magni company prospects.. we shall see the coming quarter report our end of the month.. if not good, another drop till share price below 4..
Historical average PE at 7 and peak at 11.5 Current PE nearing 9 if annualised latest 2 QR Dividend policy 30% payout. Last year payout 31%. Current price not cheap not expensive
Directors may have a longer term orientation. Also, it's possible for directors to be wrong about the "value" of the company. Still, might be a good idea to start looking/buying Magni if you're a long-term person and believe in the fundamentals of Magni Tech Industries.
The market is punishing magni for not doing well on 2018. I believe those technical analysts are dumping the share for their so-called "technical" reasons, i.e.. break below SMA lines, Macd line etc..
There might be many reasons why the big directors are buying the share. But, considering their buying volume and effort in purchasing the shares almost every day when magni hits rm4 to rm5, they might know something that we never know. They are not independent directors, but the managing director and founder of magni. They know the inside out of magni. Remember, they are holding millions of magni shares and I am very sure they would not let magni fail. Plus, magni is a very good company and I do see any reason why we should dump this share.
If Public Anal-list give a buy call, means you have to sell. This anal-list is half-cook, giving all half-cook recommendations. Just look at the moving TP's of this anal-list. Look at Parkson TP's. Look at LCTI TP's.
For that matter, just bet against Public Anal-list and you won't be wrong.......
Don't ever trust Public Bank research house investment calls which is the most unreliable source of information with vested interests for their personal gains. A buy called suggest this wolf's is going to dumped their stocks to the believe foolish to collect high to secure their ill gotten profits. A buy called should be read as a sell called instead......wtf!!!
michaelwong, it is a wrong mindset of you at the 1st place already, you should ask yourself and do some homework- is it the right share i need to invest with? money is yours and you only can blame yourself for every decision that you make..
Don't let share price drive you to make assumptions or predictions. When the share market price plays your heart like a guitar.... you are not right for the share 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....
danes007
3 posts
Posted by danes007 > 2018-02-06 11:31 | Report Abuse
what is happening to this counter?