Posted by Mat Cendana > 2015-12-11 12:49 | Report Abuse

Bro, I'm no sifu. Had taken some losses too over the years. Plus failed to maximise profits in several big winners when I went out way too early (Ifca was the biggest fish that I had released too soon). But I *try* to learn from these, and to share the experiences here so that we could do better.

One of the lessons - trying to catch the bottom is often a risky game. The "cheap becomes cheaper" situation. It's not a bad idea to buy at a support level. However, we must have a plan, and especially the discipline. If the support doesn't hold, must cut loss at the stated level and thereby freeing our capital. And possibly not suffer bigger losses, "paper" as they may be. It's not as easy as it sounds...because we tend to procrastinate, comforting ourselves that "It will rebound next week..." Sometimes it does happen like that, and we pat ourselves on the back "for staying and not cutting loss". But more often, it slides further.

Anyway, another key thing I've learned: always protect our own interests, first and foremost. This is the aspect we must always ask when we want to buy or sell - Is this to MY interest?

Posted by okdoke > 2015-12-11 14:26 | Report Abuse

salute you Mat Cendana. Very good advice to my itchy hand. Thanks. At what price to enter?

Posted by Mat Cendana > 2015-12-11 15:41 | Report Abuse

I wouldn't dare to say that. For one thing, don't know whether the seller is done yet, or waiting to continue next week. Looks to have stabilised but maybe it's because they don't want to panic other investors into selling too(?)

It's not at the lowest point yet (from early 2013) which should be very strong support. If the selling is done, might not go that low. Anyway, there's also the possibility of local fund managers buying and adding to their portfolio. They would want to average down the portfolio. At least that's my thinking (which may not be the case in reality). This current price - no guarantees, if course. But I'd think it's fair and reasonable, all things considered (but I'm not buying yet - I try not to buy on Fridays since something might happen overseas during their trading hours and weekend).

Posted by Mat Cendana > 2015-12-11 15:47 | Report Abuse

Talking of itchy hand - this is why I check prices at i3investor instead of launching the investment bank's trading platform. Prevents impulsive buying - something which we'd often regret although there might be a few exciting successes in between. It's so easy and tempting. Requires just a few clicks, and suddenly we're exposed.

Posted by Mat Cendana > 2015-12-11 20:50 | Report Abuse

If one is basing his buys on Technical Analysis, all the indicators say "Stay away". If you really, really can't stand it any longer and simply must buy despite the clear downtrend, it may be prudent to use just part of the intended capital. Maybe half and not all. If Astro continues to slide, at least you still have the other half. Can use this to average UP (not down) when you're reasonably confident the bottom has been found, and it's on the way up again.

Should keep watching this counter because sooner rather than later, fund managers are going to feel it's "cheap enough" and start buying. There are limited counters which they are permitted to buy, and they'd also want to have Astro due to the regular dividends.

Posted by number12 > 2015-12-11 21:28 | Report Abuse

2.60 support...

Posted by ForexTrader > 2015-12-13 01:14 | Report Abuse

die die die

Posted by number12 > 2015-12-13 02:46 | Report Abuse

need to hold long term...

Posted by number12 > 2015-12-13 02:47 | Report Abuse

star war in bahasa malaysia in astro maya...

Posted by astalavista > 2015-12-14 09:50 | Report Abuse

Cheap sale this week

Posted by mrserious > 2015-12-14 11:07 | Report Abuse

Nowadays where got people use astro. All live steaming and YouTube

Posted by Armageddon > 2015-12-15 11:14 | Report Abuse

I think Astro gonna close shop soon!

Posted by newbiehk2014 > 2015-12-15 12:34 | Report Abuse

to create more cheap sale?

Posted by jayawin > 2015-12-15 13:39 | Report Abuse

sunset industries, exclusive right will expire on year 2017

Posted by charliecharlie > 2015-12-15 14:52 | Report Abuse

wah..2,52, dun dare to look anymore

Posted by LATO' SELI > 2015-12-15 16:00 | Report Abuse

Ayo yo

Posted by newbiehk2014 > 2015-12-15 16:12 | Report Abuse

operator pumping down the price fast?

Posted by charliecharlie > 2015-12-15 16:16 | Report Abuse

what operator?

Posted by astalavista > 2015-12-15 16:33 | Report Abuse

Betul betul...kow..kow...down

Posted by richkid1 > 2015-12-15 16:34 | Report Abuse

IBs' favourite media stocks drop non-stop after QR.

Posted by charliecharlie > 2015-12-15 16:39 | Report Abuse

next year Euro and RIo Olympic...

Posted by mrserious > 2015-12-16 15:15 | Report Abuse

Hmm...I don't think people purposely subscribe astro to watch euro and rio Olympic though

Posted by vews08 > 2015-12-17 09:26 | Report Abuse

Bad counter, shit, sell now

Posted by Mat Cendana > 2015-12-17 13:13 | Report Abuse

Looks "sort of" stabilised. But the technical indicators including RSI don't look attractive at all. It all depends on the big sellers - are they done yet, or is this just a lull before they resume?

Posted by astalavista > 2015-12-17 22:36 | Report Abuse

mari mari 2.60 and above tomorrow

Posted by number12 > 2015-12-17 22:40 | Report Abuse

astro cepat go up...

Posted by DreamInvader > 2015-12-17 22:54 | Report Abuse

so so

Posted by number12 > 2015-12-20 22:47 | Report Abuse

astro need some time, will become next hong kong tvb, mollywood...

Posted by astalavista > 2015-12-21 18:45 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4956233

Posted by astalavista > 2015-12-21 18:47 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4953249

Posted by ivan9511 > 2015-12-21 20:44 | Report Abuse

hello why high dividend like this one >????

Posted by astalavista > 2015-12-22 16:55 | Report Abuse

slowly but surely

Posted by dragonfruits > 2015-12-23 11:29 | Report Abuse

Slow like siput babi

Posted by newbiehk2015 > 2015-12-23 14:23 | Report Abuse

Recovering

Posted by number12 > 2015-12-25 21:54 | Report Abuse

astro good, now keep promote the njoi, 1 time installation fees RM428, then free to watch to reward user...

Posted by number12 > 2015-12-25 21:55 | Report Abuse

astro now got 1 channel 318 is go shop, all is korean product, astro can get extra advertisement from go shop...

Posted by DreamCruiser > 2015-12-25 22:08 | Report Abuse

lumbering ship

Posted by number12 > 2015-12-25 22:17 | Report Abuse

coming march 16 quarter report will expect increase on it...

Posted by number12 > 2015-12-26 07:37 | Report Abuse

now year end holiday, expect many people buy njoi prepaid to watch show, push up coming quarter report...

Posted by jayawin > 2015-12-26 13:14 | Report Abuse

Yeah. number 12, you are right

Posted by vews08 > 2015-12-27 14:57 | Report Abuse

Unofficial news, government extend tv exclusive righg to astro for another 10 years until year 2027

Posted by Mat Cendana > 2015-12-28 10:51 | Report Abuse

Those guys with a longer-term holding plan, and had bought when it had rebounded off the low point...they will likely end with satisfying capital gain. Doesn't have to be 100%-plus like with some penny counters. But any kind of profit is welcomed. If one is doing better than what the mutual funds dish out, then he's doing fine with the stock market. This counter may be slow to go up. But the more important thing is, it isn't going down.

Posted by jayawin > 2015-12-28 18:10 | Report Abuse

could be taken privatise by astro boss again. guess this time offer price at 3.00-3.10. sorry for those hold at above 3.10

Posted by Easy_money > 2015-12-29 10:30 | Report Abuse

Follow EPF bought at RM 2.74. Hope to make money soon.

Posted by number12 > 2015-12-29 11:30 | Report Abuse

EPF bought at low, should below 2.70...

Posted by number12 > 2015-12-29 11:34 | Report Abuse

astro testing to break 2.75 resistant...

Posted by vews08 > 2015-12-29 21:14 | Report Abuse

Unofficial news, government extend tv exclusive righg to astro for another 10 years until year 2027

Posted by astalavista > 2015-12-30 10:22 | Report Abuse

yeah...

Posted by number12 > 2015-12-30 12:54 | Report Abuse

astro heading to 2.80 resistant...

Posted by vews08 > 2015-12-30 12:57 | Report Abuse

Tomorrow 3.00. Final day for those want to buy now