Of course, I may be biased agst others' advice to cut losses fast because of my experience of a 34k punt on Sino Hua-an declining until a max. paper loss of 14k but eventually realising 58k of gains. I'm still learning every day & will continued to learn until my last breath in this lifetime.
In fact I would estimate that >90% of my long entries show a paper loss for up to 2 weeks or longer before the gains eventually come, sometimes taking 7 years(Teo Guan Lee), 8 years(Cepco & Oriental) or even 14 years(Wong Engineering,Woodlan & Uchitec) before I'm able to close the entire position profitably.
@krish52, the 1st reward is 45sen dividend already proposed. I think the share price has yet to considered this proposal. Once the resolutions are passed (and money is considered in pocket) , the share price shall go higher from where it is now . After insurance sales and the corresponding 45sen dividend, what next to expect? This is something all investors have to think about .
I started to cut win when dompeilee bought. I notice in other forums whenever she buys, price will drop. Anyway, I have small position only. Plan to redeploy proceeds elsewhere.
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....
dompeilee
11,888 posts
Posted by dompeilee > 2022-05-28 16:57 | Report Abuse
Of course, I may be biased agst others' advice to cut losses fast because of my experience of a 34k punt on Sino Hua-an declining until a max. paper loss of 14k but eventually realising 58k of gains. I'm still learning every day & will continued to learn until my last breath in this lifetime.