Fund manager is accumulating.. since open market don't hv much share to buy.. price will be stable above 3.00 before Q1 out.. zero debt company.. another 100m in hand to invest.. 70-100m cash as reserve.. owner control 70 direct.. and 15% indirect.. no reason why they cannot stable above 3.00..propose bonus year end again..
With Uwc just released good results today and Penta announced bonus issue 2 get 1,Mi might follow uptrend tomorrow.Another thing is China Shanghai and Shenzen market are already recovering since their covid-19 new patient number dropping fast!
Look at the bigger picture,by June/July Northern hemisphere in hot summer,covid-19 the dracula virus will be killed by the heat and UV light!So why panicky now!
The best thing to do now is stay healthy,do exercise,eat well,drink plenty of water and juice,avoid crowds,frequent hand washing,wear mask when see people sneezing/coughing indoor and buy some good shares ie Mi when got money!
toto Actually oh, tis afternn I had sold off all my MI liao bcoz very scare of the wide spread of covid 19 in worldwide. news read more , u will takut. just news made it big. only F and B sector hit hard and airlines. the rest just 5% impact only.
china shut down retails, is after 2 weeks of the virus news out. and its fall in CNY. before CNY all ppls sudah beli all products. what u do in CNY go makan only.
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..
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....
BearishTrend
1,296 posts
Posted by BearishTrend > 2020-03-02 03:48 | Report Abuse
Going back above Rm4 in fast track..no need to long wait.