Dont fight with the trend ! This is same pattern like glove stock when it started to downtrend but nobody believed ! At the end all big 4 dropped to nearly 5 years lowest price ! Many bilis burnt their hands !
walao u guys still so optimistic with malaysian tech stocks for what? if international tech stocks like apple, contemporary amperex, byd or tesla make sense la to buy the dips. malaysia tech stocks u guys wanna buy the dips??? wake up before yr underwear also got burn. most of the malaysian tech stock i wont even consider to invest at current price unless price is below rm2. too overvalued.
Within 2 weeks many high price over goreng tech stocks vomit out atleast 20 - 30% share price , this is worst than glove stocks which took almost 3 - 6 months !
Fed’s Harker calls for ‘action on inflation,’ sees 3 or 4 rate hikes likely this year
Philadelphia Fed President Patrick Harker said Thursday he sees three or four interest rate hikes this year as likely to fight inflation.
The policy tightening would be in response to inflation that is running at the highest level in nearly 40 years.
While Harker expressed support for hikes and the end of monthly bond purchases, he favors waiting before decreasing the Federal Reserve’s $8.8 trillion balance sheet.
*Global market facing high inflation, latest US CPI stood at 7% so forcing Fed government aggressively hiking interest rate by this year to solve high inflation
Yr 2021 - glove & health sector massive sold off due to ASP keep dropping
Yr 2022 - tech sector rotated massive selling off due to interest rate hiking unavoidable
*Don't ever think to challenge with fund institutions since RSS, PDT & IDSS fully operating since 2022. We need to learn the past lesson from 2021 incident during massive turbulence on health sector.
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Penta is in semicon value chain.. lots of industry and equipments will use more and more chips etc… So demand surely will go up… at the moment it’s temporary blip
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investmalaysia618
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Posted by investmalaysia618 > 2022-01-10 10:21 | Report Abuse
tech crash lo