Covid-19 and politician unstable make economy slown down fundamental company metamorphism ,expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . market stock RM5.00 drop to RM 2.00 ,followed RM2.00 drop RM1.00,followed RM1.00 drop to 50 cent,followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10cent drop to bottom. This is a opportunity markets money no longer will flows in cheaper stocks sharks will goreng lows price stock at bottom..
just buy now, it is at its bottom already when contracts are announced later very soon, sure gt some allocated for it for medium term, u easily earn at least 30sen/share
Many are badly wounded but a few got away with a little scratches this days.Most of the forumers which I shared are no more here or in i13. stocks market are 2 ways sword.good luck here, one of my favourite counter last few months.
Time to relook at this counter next few days at 0.24-.28cts, Already fell from 0.80 down last few months.one day the day the sleeping giant will be awaken,
This counter will drop further due to heavy selling by margin calls or force selling unless principal comes in to support prices but probably he is in deep shit too himself.
Looks like the weak hands and margin calls has settled and the general market finally wake up to how undervalued econpile is. Orderbook still holding strong over RM800mil that should see earnings for the next 2 years. Also Econpile's potential expansion into other regions in SEA should see some traction in FY20.
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....
lambsauce
332 posts
Posted by lambsauce > 2020-02-03 12:35 | Report Abuse
dont panic guys, ecrl still has to run, contracts announcing soon, econbhd is likely to get some