QUOTE(kancs3118 @ Aug 20 2013, 12:29 PM)
Hi sifus...wanna ask for some advice.
Just now, press release for counter 5171: TamBun Indah.
http://www.thesundaily.my/news/801088Given that TamBun Indah (counter: 5171) is doing very well, do you think i should continue buying? Yesterday, i bought at RM1.53, but then I do not know whether wanna continue buying. But i buy Tambun Indah to keep (maybe keep for 1 year + to 3 years) and won't sell off within the next 6 months. Honestly, i like this company (TamBun Indah) as the company is simple, it is making lots of monies and the fundamentals are strong.
The reason i ask is that the whole market now is dropping. In terms of opportunity costs, I think maybe can preserve cash (instead of continue buying Tambun INdah) and buy other good counters whereby the price is getting cheaper by the day. If i follow this path, is there any other good counters to recommend?
But if I choose to stick with this company (Tambun INdah), do you think i need to wait further (for KLCI to continue dropping) and continue buying when the price drops even more in the future?
Busy yesterday so only saw yr post just now.Here is my observations.
Tambun has gone up a lot. Not good time to chase the price now since
the price may be near temporary short-term peak. I hv seen TP of RM1.80
by analysts but that does not mean the price will shoot up now. The likely
short-term support is RM1.48. If that level breaks down, the price may go
further down and there may be opportunity to pick it up at lower price but
must first see stop in selling and rebound buy signal.
I use FA and some news to select stocks and TA to help me decide when to hold,
buy or sell.This simple strategy has helped me keep losses small and capture
some big gains, on some stocks even when the general market or index is falling.
I do not believe in pong shui charts or try to predict prices and do not fall
in love with stocks. When supports break, I get out to protect profits and look
for some other opportunities.
I am not boasting but if you are not alert, you can easily lose back all your
hard earned profits or worst still your capital and you have not enough bullets
to take advantage when the next buying opportunity comes.
Happy investing and trading