now I look at the overall market conditions,i sold half of my shareholdings to average down my cost.i bought at 1.39-1.42 sold at 1.59 and 1.60.......money in the pocket 1st
don't think the prevailing market condition,mi can sustain a rally yet.to play I sold half 1st.even my frens told me don't be too greedy in this kinda environment
US tech sector gaining which might somehow impact price rise, while current market is quite positive. Additionally, in report chairperson stays in interest in cryptocurrency world which is also a trend. High % of companies in US (especially new tech company) which correlated and spore an interest in this local malaysian based company. Big whale might be coming in, good opps to ride along but its all on research of your own.
True, I'm also affected abit. haha. But, think deeply, they are not god. Can be right or wrong. Just stay to your decision is better than listening to outsider. At least when judging wrong, you wont feel regret.
Bought IPO, Took profit @ 1.57. KLCI looks like its going to laosai on a bearish market for the next few weeks. See you guys again at lower price point to enter again. Byeeeeeeeee
MI's exponential growth is likely happened in FY17 and FY18 is unlikely to surpass it. FY17 average quarterly revenue and net profit is RM43.3m and RM14.8m. First quarter of FY18's revenue and net profit at RM33.4m and RM6.5m is somehow fall short. Unless the next 3 qrts can get average revenue RM50m to justify a growth story.
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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....
o0o54088o0o
160 posts
Posted by o0o54088o0o > 2018-06-21 10:08 | Report Abuse
too many ppl promoting this counter..newbie pls beware..i hv seen many cases..