Lol, Nasdaq up this counter fail to up. Let price drift lower, then accumulate. Almost a year ago, this counter RM7 (after split) people rush to accumulate. Now below RM4 people rush to sell?
To me tech sell-off (deflation) is due to bursa kaki moving on from tech to plantation and commodities, moving away from old toys to shiny new ones. Tech fundamentals remained relatively unchanged (U.S. rate hikes are known a month advanced). Yeah tech maybe overvalued because bursa kaki overgoreng in 2021, but I doubt it will collapse. Just deflate and inflate later when bursa kaki miss their old toys.
One can cut loss now and buy back later. For me I am very bad at timing the market, so I hodl like a r*t*rd :)
One thing about IB reports is that their reports are based on limited information just like us too. Their reports are a decent guide for newbies in a sector, but don't take their target price as gospel. If you do, half chance untung, half chance straight to Holland.
Wait for another month or two when tech price depress some more, then they all reduced their target price and changed back from overperform to neutral. Happen to gloves counter back in 2021.
most of klse stocks are rubbish. just be careful lo. unless you only buy uncle stocks such as genting, public bank, maxis etc. even buy uncle stocks also got risk but at least wont collapse lo
Funds managers also follow global trend one or else they would be blamed for being like a smart ass when something bad happens. Now, They can simply reduce their position and put the blame to Fed and Ukraine crisis.
what I learned from averaging down my glove portfolio is do not average down with the money you cannot afford to lose, because the price may end up trending lower. Also if you end up with too much Greatech in your portfolio, try and find opportunities to sell some when price rebound. take small profit is better than no profit. I got no spare cash and got no intention to hold more Greatech, so I leave it unchanged.
Today market no good. Sure tech no good, but all other counters are not doing too well either. If want to sell or cut loss don't sell at lowest, be patient and wait for rebound. Even for gloves, rebound happens quite frequent.
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Posted by TheTruthHurt > 2022-03-03 10:30 | Report Abuse
@monetary. Well, the truth does hurt. LOL
For those "bottom fishing". Look at ARK ETF, it will show you a nice theme park slide. Have fun & good luck.