rr88 waited for a month, just to use at least 22k capital to earn 2.2k (with risk of losing more). Sucks to be a trader cum manipulator, even my full time job pays better, and no risk of losing money.
You dont buy all at one go. I only warming up my gun the first 2 mins of trades when it moved up above 3.90. Bought 100 lots only of the 2,000 lots intent.
Now wait few more weeks bcause it will revisit last low 2.80 - 2.90 b4 end of puasa.
You wait 1 month here, 1 month there, you end up making money every other day n make more than a CEO
rr88 we playing different ball game, assuming you're honest about your trades, if I have RM280,000 (2.8 x 1000 lots x 100 shares) allocated just to play on greatech margin trading, I won't be here doing that. I won't be using that money just to wait 1 month to earn RM2.2k also, might as well put in FD.
@monetary Yeah, rr is wrong yet again. With RM500K sitting at the side doing nothing. Missed the god damn boat, feels bad man. Feng shui lo never learn to stop trying to predict the future, his vision is to be a cult leader.
I don't see any confluence at the current level so i'm not sure why is everyone so excited buying here but yes go ahead and buy more . No Financial Advice
Candles is trading below 200 Moving average both Daily and Weekly. So it is bearish. Another thing is the existence of many call warrant. THESE DERIVATIVES ARE CALL WARRANTS ISSUED {NOT BY GREATEC CO) BY IB BANKERS TO BET AGAINST THE RISE OF GREATEC. So trade with Care...
Nothing is wrong with Greatec Fundamentally as it has a strong balance sheet. it's just trading sentiments.. The latest balance sheet data shows that Greatech Technology Berhad had liabilities of RM150.3m due within a year, and liabilities of RM27.3m falling due after that. Offsetting these obligations, it had cash of RM320.4m as well as receivables valued at RM96.6m due within 12 months. So it can boast RM239.4m more liquid assets than total liabilities.
This surplus suggests that Greatech Technology Berhad has a conservative balance sheet, and could probably eliminate its debt without much difficulty. Succinctly put, Greatech Technology Berhad boasts net cash, so it's fair to say it does not have a heavy debt load!
In addition to that, Greatech Technology Berhad has boosted its EBIT by 58%, thus reducing the spectre of future debt repayments.
Setting up of an office in the United States and service centre have started to reap results as the group saw an increasing order book coming through them. Now we are going to Europe!
Well at least rr is not throwing crazy predictions like 1.8. I don't deny there's a fair chance to retest 2.8 in the near term due to bad market sentiment. Still believe that tech is the right industry for high growth and PE for the next decade, as of information we have now, so I will be buying and holding at my desired price. :)
A lot of fortune tellers here know where the price is going, know what the sharks/big boys are doing but if all of them so good with making money, they will suntanning in a caribbean island with hot women instead of hanging around this forum trying to sound smart.
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Posted by YourQuirkyWays29 > 2022-04-12 13:21 | Report Abuse
rr88 waited for a month, just to use at least 22k capital to earn 2.2k (with risk of losing more). Sucks to be a trader cum manipulator, even my full time job pays better, and no risk of losing money.