i have average down at buy 0.380 after avarage down rm0.34.my broker told me tu cut loss but if cut loss i will lost alot because after avarange down to unit become more.what can i do now wait or just cut loss...
NurHazwani Abd Shukor 1 post Posted by NurHazwani Abd Shukor > May 1, 2014 12:37 PM | Report Abuse
i have average down at buy 0.380 after avarage down rm0.34.my broker told me tu cut loss but if cut loss i will lost alot because after avarange down to unit become more.what can i do now wait or just cut loss... --- Warrant got so high meh ? I think u r in d wrong counter. Go to mother share, not this thread.
Anyway, if u ask me, if u dun play contra, long term investor - can hold le... Will regain quite fast (relative to other stocks . depends on market oso, not overnight, ok!) At d end of d day, your $, u decide. Good luck!
Another falling knife catcher..sure bleeding..hazwani..If u play for contra u are in a dark water..if not 0.34 consider ok for me as investment.. i know how u feel..i was been there so many many times.. cut lost here n there jump here n there..end of the day 40% of my money gone..damn.. almost give up.. but if u ask any sifu here or anywhere how much they have loss to get here?maybe u never amagine that not small money being throw.. Just take this as good experience to gain more strength.. all the best for u..
the cost to be a good trader is probably usd millions. its naive to think after reading a few charting books and some trader book or warren buffets book. and u can start make money.
Bro optimusX.. many trader very excited to buy but they dont know when to sell..thanks for sharing ur experience here.. this could give more direction to others..
in buy at 17 ct 37 pct off its all time high......This is LAST day of fore selling by contra players.Mon, new ball game.....up or down ? All charts points to down trend !
Apologies for not posting earlier. Am off to London tonight for work so this will be my last posting before the weekend. Couple of observations this last 24 hours:
(1) The ESOS announcement requires AGM shareholders' approval and if approved, to be implemented in stages from the third quarter of 2014. No question of shares overhang in the immediate future in case you are wondering. Further an ESOS implementation for staff is a sign of confidence by the Board and management of Mpay so its positive signal
(2) The trading volume today is extremely low and having retraced these last two days, I am inclined to say that the downside is very limited even though its T+3 and T+4 next two days. Historically low volume days has been followed by big upward spikes so do expect something big to happen tomorrow or friday. Support remains at the 33-34 sen level.
(3) The analysis by silkyhawk posted by ellesse is very interesting considering the technical projections confirms my longer run fundamental, corporate and statistical analysis for Mpay although very differing in analytical methods. My fundamental value of Mpay with the TRS contract is 50 sen with an adjusted forward NTA of 30 sen moving forward.
(4) Last friday Mpay closed at 34 sen and I do not expect this friday closing to be below that. The longer it builds its base around this 34-35 sen mark the higher it will go. I will not be surprised that the initial TP of 38 sen will be achieved sooner rather than later.
(5) Food for thought:
If we assume that the Malaysia TRS contract is in the bag for Mpay (all indications seems to point that way) then we should benchmark Mpay with GHLSys market cap since both are in payment systems. Mpay valuation and earnings will play catching up with its recurrent income from the TRS. If so given that GHLSys market cap is circa RM 365m, that imputes Mpay has the potential to be comparatively valued at 365/402 = 90 sen over next 12-18 months if it decides to expand regionally to Singapore, Thailand or Indonesia with a wider payment footprint and income base.
All the best Mpayians! Grace and peace be upon all of you! Freely you give freely you shall receive.
see? target price 90c over next 12 months. hold!!!
Well done Mpayians. Up another 5% today to another all time closing high of 32 sens. Madiba SALUTE you!. It will be another up day tomorrow. Congratulations.
Stock: [MPAY]: MANAGEPAY SYSTEMS BERHAD
Apr 8, 2014 11:32 AM | Report Abuse
Salute Mpayians. Let it ride. Next stop 35-38 sens. Congratulations for your trading and investing discipline. More to come.
thats true. Mother also risky......the share may be over valued as it is .If they dont get the project, holders are doomed....if they do ?? Limit up ???
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....
chang21
436 posts
Posted by chang21 > 2014-04-29 10:01 | Report Abuse
Burnt Charcoal?