i am never a short term investor. but I am a mid term investor. But because of the news that happened recently on few stocks that drop like crazy.. I am a bit scarred.. crazy
As spoken, put your shares aside, shut down your notebook or computer, have a cup of teh tarik, relax and wait for rebound. As simple as that to be a value investor.
The syndicate gangs up together to create selling pressure to make the other retail buyers panic and nervous. Once they become irrational, a heavy draw-down happens. This is what the syndicate desires to see. They will collect the shares at the expense of retail investors. What a poor retail investor! You are gonna be "slaughtered: and on the other hand the syndicate and his gangs chuckle..
Beginner1989: You are right. Cheers! Those contra players are cowards. They only want to earn fast money but they are impatient to wait for bigger awards ahead. Yes, i do not login the online trading platform for the next few days. Good luck to all. :)
Beginner1989: Be frank to you, I am just an oridnary man who is interested in GADANG. Since I have written a valuation about GADANG, do you think I will escape from this counter just because I fear the current situation now? Absolutely not! As predicted, it is now consolidating phase, since the correction has already exceeded 10%, nothing much more downside risk. If I am not wrong, you will see a notice that Kok Onn accumulates shares around these days. I have found that somebody is trying to make up the selling queues to flush out the panic retail inventors. Therefore, the big sharks can enter at lower price, eg. 1.65/1.66. My advice is...CLOSE THE WINDOW AND TAKE A BREAK.
SJsoon. i didn't see the comment above so i didn't know you gavecomment..sorry. This company is doing well and shooting up too much.. i'm just scared it doesn't hold water since it is going down from 1.96 to current 1.65 again. I believe if they hold, they won't go any further down. As i might accumulate more. I got a lot / chuck of shares inside here. I'm serious about this company also.
Beginner1989 , What SJSOON says is true. Gadang is good and fundamental company. At the moment the downtrend is temporary because all the news have been announced. That's why the syndicate is selling. Wait for next 1or 2 weeks, the price will slowly climb up to TP 2.67. Be happy always.
dont worry to much....i dont think all the gadang bizz is eveporating in to thin air at this moment n nothing change so far....this is just one of those golden opertunities to buy on the weakness n i bought 20,000 unit today @ average rm1.68.....no worry take deep breath n relex...
as some suggested tomorrow could be another sell off below rm1.60 ?? who knows.. let see and enjoy the down hill ride....probably another good buying day...
Personally... Gadang is a good stock to buy and hold... but since 2 week ago... I feeling something wrong in our KLSE stock market... I didn't know what's going on but this feeling irritating me... if possible market crash start from now ?
Beginner1989 just highlighting earlier remark by others..don't worry overall mkt still intact n don't think crashing tomorrow....anyway something goes up will go down n the other way around... let enjoy the ride before too late...
Hold.. accumulate ,average out if you can afford.. surely will reach your reasonable target price.. too experienced to see this for sound fundemantal stock
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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....
glkhaw
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Posted by glkhaw > 2014-05-05 13:58 | Report Abuse
Base on Fibonacci Retracement, 1.65 shall be the next support.