Buy low is right thing to do to leverage down if you have buy at rather high price. But no one know the right timing :-) when you say low already and it get go lower. When say high already can goes highest. For stock market. If you see good counter and have potential return in long run then you can keep on buying when the price are weak but also most important you have the holding power and also have confidence in company plus trust the management able to handle and went thru tough situation and economy. If you have doubt either one of them then don't buy even the price consider low. Treat this as reference and can apply the same for other counter.
As I mention scomi business and order book look good but again the share price drop. Not make sense right but the fact is it happening..... Haha....
I check the NTA of scomi. It's rm0.40, can anyone feedback am I right about the scomi NTA? If that is right then it's quite clear for the investor whether small or big to easily decide what to do next hehehe....
Good night and still have time to think about it. Please use this as reference only. Pretty sure everyone here have professionalism thinking skill on buying and selling the counter. Good night.
Nothing is wrong with the company. Time being there is nothing to be done other than to see oil market going its course.
powerwk, I do not see how the NTA has any significant bearing on how investors decide what to do. The value of assets means little if order book is not turned into sales recognition . That said, the order book exceeding RM5bils ( minus minority interest ) in scomies makes scomi very much undervalued.
not time to buy yet, oil price will not stop falling until the market see response they are looking for on the supply side of the equation. US shale producers are simply producing all the oil they can to maximize profits,well knowing that shale wells are short-lived and so do not think far ahead.The falling is going to take a while to stop.
drop to new lowest 0.215...maybe shouldn't average down previously from 0.4...should wait until it drop to half of it then only consider buy in....now waiting
scomi only can buy @ 0.17 then wait many years to reach 0.40 and sell...long journey.. I got some stuck long long time ago until now yet to let go..rugi banyak
hooi, market is crash now, why don't you wait it to drop until bottom and buy it? why keep average down now? you believe it will rebound today or tomorrow?
i know current price is undervalued...but now is bear market, you think scomi can fight against market crash? if the oil price continue drop, bear market will even worse and won't recover so soon...why not wait it drop further then only collect?
Up to hooi to write what he wants lah. Whether or not he really buys, who knows. Market is super-bearish now, charts are useless at this point as new lows are being breached.
Hahaaaa. Hooi hooi. This is not the way to play shares u keep average down from RM0.42 cents onwards. Just monitor till the market turn positive and then only start buying
Thanks your advise, i don't like to play shares. When my attention turns to the stock market and the only question on my mind is: "Has anybody done anything foolish lately that will allow me an opportunity to buy at a great price?"
The problem is this stock does not move even with good news. They will move when someone want it to move. That my observation so far. I could be wrong.
No powerwk, you are not wrong. This is Scomi. Their stock does not move with good news. Only bad news.
The only movement is when they have new shareholders in
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The recent unfolding development have been huge and rapid, sure scary , but that also paves ways for quick turn of event back to 'normal'.