This is just a forum, not a place to let out steam. I hv friends who bought at around RM3.10, I didn't see him/her cursing. Veteran investors know the risk, if you cannot stomach a 30-50% downside, then share market is not your cup of tea.
Everyone have different time horizon of investing. Perhaps, those invested have 2-3 years in mind and expected it to go to RM4.00 plus? Of course, traders on this stock may lose a lot during the downturn from RM3.50 to RM2.50. Not sure what is the big fuss.
I hv friends who invested in Ecoworld at RM4.50, some think it is crazy, now, is more than RM5.00. Bottom line, if that stock have substance (earnings potential), the price will reflect it eventually, unless, it is OVERVALUED (i.e. trading at higher PE than the benchmark).
Everyone have their choice at which counter they prefer to let their money growth. As long as the money is growing then that a good news and also that the good counter. Some say IOIPG is good counter; some against it as bad counter; some even say as long as the counter are from Vincent Tan and IOI Boss please stay away..... But as you can see still someone is buying the counter.
Hope we don't bought the share at their highest price. Good luck and we will see what happen tomorrow or the next whole week.
Just bought few lots at RM2.75 I supposed to reduce my investment in properties due to over heating. After checking the IOIPG, i changed my mind to buy in this counter. It is one of the counter their main shareholders are busy buy back their shares. Checking the price, it is most likely already touch it bottom and will reverse back in near term. With sold portion of YTL, i have more bullets to buy more if the price drop below RM2.75!
Invest eye :I see your comment in pharma forum , ioipg also one of my investing counter .Acummelate many shares in this counter already ? Good counter ,keep for sometimes sure can make good profit !
Li552, I just start to collect this share by today at rm2.75 Why I interest to buy are: price went down a lot after it IPO, Q result was improve and show performance, major shareholders continue buying the share (not company itself), most of the property stocks are high (except IGB and IJMLand) and good recommendation from HLeB (i trusted the researcher as he gave good recommendation in his workshop on scomi energy and cbip which I missed the purchased when price were low)
just got few lots at rm2.74 and q at rm2.73 Now i have more bullets after sold of azrb and alam. mirilang, i do observed ioipg started the Feb, but i believe it is a time for me to go in after about 3 mths of consolidate.
I think epf still plays aroud the counter by disposed the shares. but after checked the % of shares hold by epf. It is quite surprised that in early of Jan, epf is holding 9.2x% but at present is holding 9.4x%. it is not reducing but accumulate quitely from the market. So, most of the major shareholders are accumuluting ioipg shares!
So far today alone bought 6 lots from rm2.74~rm2.73; 2 lots for each cents down. If down to rm2.71, will buy 1~1.5 lot each cents down. This will soon become significant in my portfolia.
Long term is >3yrs, mid term is 6mth~3yrs. Of course if any share price is more than your projected return, just sell portion or all; and don't hold it as you can collect back may be later.
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3456 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
munmeng
99 posts
Posted by munmeng > 2014-04-17 15:56 |
Post removed.Why?