hahaha....nvm nvm. Still reserve some bulletwould like to see it drop below 3 actually....

Eh tak aci, short reply! lol

I do remember our last 'chat' on this stock.

post #2811

As it is, you have to admit that your earlier decision to jump in this stock was rash.
Too soon.

Topping up now.... means one thing....
you are attempting to correct that previous buy....
so you top up more...
to average your price....

But if your earlier decision to buy at 380 is to be considered a mistake...
then.... what you are doing now...
is basically....
buying more of your mistake !!!
You are doubling down on your earlier mistake !

Wise move?


Never mind..... let's consider other issue...

What's the current risk now?

Well it could retest the infamous low of 316.

that's a possibility.... right?



If someone were to ask me to describe the above chart...
what would be my description?

A stock facing incredible downside pressure............

and this factor....
is driven clearly by the plunging oil prices..........

and for me....
clearly this momentum is strong........

yeah back to the initial risk assessment...

yes.... it does likely the stock retest its recent 316 low and maybe we might even see some support and the stock bounce back..... it's possible...

but would this price hold if we factor in the plunging oil prices factor?
what if 316 doesn't hold? Not possible?

the bigger chart.................



what's the next levels? 3? 280? 260?

what's the next strategy?

Buy a bit more at each level?

Do the math........
Such strategy will require incredible lorry loads of ringgit.....................................

how?

are you willing to take this risk?

Why cannot?

Because is just not you! Anyway, you already did made your detailed reply, hehe

read this piece this morning....

http://www.thesundaily.my/news/1217955

Thanks for the sharing. I will wait for the next quarter report before deciding whether to buy more or sell.

This stock is a bit weird. Yesterday got good report from Maybank and announcement that EPF acquired 100,000 shares but the price still went down 5%.

u mean hold or dump ?

im bought rm 20.31...

Nope I think it's not that weird.

Look the stock had rallied strongly since that 'brief correction' and was actually trading higher (before yesterday's fall).....
That's the simple sign of pure strength for me.

However, as you know, the plunge in the oil markets, has traders getting nervy.
Hence, for me, it's understandable that some would want to take some money off the table.

That the stock fell 5% is ok.... for me.

Having said that, normally I tend to disregard research reports.
And I certainly wouldn't pay too much attention to them boys/girls playing for EPF.....

But the report from Maybank has a valid point.
Strength in the MYR against the JPY is a positive factor for BJAuto.

And the currency pairing chart does show the strength ultra weakness in the JPY.....



And the chart of BJAuto...



Well waiting for the next quarter profit report next month sounds a good move........
but you might want to put a 'stop/cut' position at 3.40.

All the best.

like that NISSAN and Toyota distributor also join the ride....

LOL!

Felix, I cannot advice what to do laaa....
I am not a PRO.



Having said that, you might want to go over the old posting links I posted last night (esp comments made to you)......
Yup, in the first place, I would NOT have purchased the stock as highlighted since July 2014...............

As it is..... some facts for your consideration....

with the lower EPS, the stock is still trading at a pe multiples over 31x!
And current FY total dividends for 3 quarters is 38 sen vs 52.5 sen.





p/s OT a bit....

Sadly, everyone is programmed to think that all plunging stocks means bargain hunting....

The danger/RISK in that thinking is........

THERE'S NO WRITTEN GUARANTEE THAT ONE WILL MAKE MONEY 100% WHEN THEY BARGAIN HUNT!!!!

Yup, if one buys a stock whose earnings is deteriorating rapidly.........
one could get whiplash by investors cashing their chips out of that stock....
and what used to be a bargain.... could get a whole lot cheaper !!!!

Possible but before assuming, you need to read their profit notes....
Check for possible hedging (hedging on wrong prices wouldn't benefit them at all)



Side note...

Nissan cars....... errr ............
Toyota......... not much excitement lately, yes?

Mazda? It seems so fashionable currently.....

i sold early morning. thanks for the highlight..


.bought rm20.24 -> receive dividend rm25.50 -> sell rm20.30(successful today) = TELOR kosong.

This post has been edited by felixmask: Nov 5 2014, 09:09 AM

I hope this is another example that highlights why I do not particularly like to bargain hunt trading............

if sell at 25 profit already ....but want play dividend ...

what ever; thanks give early morning report...

Mitra going up today

So far, some of my previous bargain hunting did not turn up well. (example: Bjtoto)

PWROOT anyone?

sorry for the ramble then.....

Hmm, any reason why you are interested in Pwroot?

The only positives I see is the dividend yield and the recent dip in price (Bargain hunting )