...............
sorry to hear.

you might seriously wanna consider the cut loss option.
u caught which knife?

SCGM was like SLP actually.

When SCGM reported its 4Q earnings on 23/6...
the Q earnings fell a drastic 33%...

the stock surprisingly did not crash.
perhaps the market was looking at the total dps of 12 sen for the calendar year.
the interesting issue yet again... eps vs dps.

you see, with the decline in the eps...
the stock was not a growth stock anymore (like SLP)...
and when you price in the FUTURE eps ...
this meant that one needs to factor in a NEW set of eps...
without growth... and perhaps with further decline in eps....

this made the stock suddenly extremely pricey.....

which means................


ps: these are the exact risk when trading with growth stocks....
once the growth 'ends' ....
the stock will collapse rather spectacularly....
ps: these are just my 3 sen laa...
I could always be wrong...

ULICOPR just rebounded, did u catch?

i mean today, yesterday price ok can recover as long as u buy in profitable company.

SCGM is having private placement, which would dilute the EPS by 10%. That could be the trigger.
Don't think it is down to poor results. Otherwise the sell down would have started immediately after the results were announced, or latest by the next trading day.

Not sure about ULICORP and SLP...

If you take the time, several high growth stocks have fallen a fair bit.
Stocks like Sam, PIE etc etc....
You would also note that they had a huge drop in quarterly earnings...

I wouldn't know for sure.

All I know was that if It was me, I would never had gotten into the stock in the first place.
There was no justification to trade the stock.

Gtronic used to be a boom boom stock.



It became a god like stock.

Many BIG money for many.

Then shit happened in early Jan this year.

Gtronic was driven by the weak Ringgit factor.
But early Jan, the stock gave way....
as the ringgit started recovering against the USD from the 4.40 region....



Awful looking chart.

Of course, the falling knife and what not was the general advice NOT to trade the stock....

But for some...
big name, winning, awesome stock.... fell wo...
6.70+ drop to 5.70+
drop 1 big ringgit wo...
got discount wo...
after all...
the growth was strong...
and there was no reported weakness from the quarterlies earnings ...yet.

and then of course...
there are others who always feel they can beat the chart...
yeah..... they always feel they can beat the market...
somehow....
many are PROGRAMMED that what has fallen would always rebound......esp in the case of the big name winning stocks... such as this one.

yup....
and also brain washed by the heroic legendary stories of how Warren Buffett made big money on beaten down stock....
be damn farking GRREEEEDY when others are scared like shit !!!!!

yeah...
people tend to abuse Buffett's famous quotes/teachings...



anyway here is what has happened since then.....










See what has happened since the initial drop in the stock price?
and when Gtronic announced its quarterlies on mid Feb....
the earnings was rather flat - just down 1%.

some say flat earnings...
ok what....
why scared?...

but for some...
it was the possible end of the CURRENT growth story for Gtronics...

and they were right......

profits crashed when Gtronic's quarterlies was reported in April and July.....

Situation's like this is what makes stock market exciting.

It's exactly like the case of AAX discussion the other day.

The possible ascending triangle breakout formation was clearly possible.
Question was do we want to be the early worm or do we want to wait?

Being the early worm here... (yeah... the worm eats the birdie.. )
well if the new product is successful as per YOUR OWN observation....
then getting in early would likely reap in big $$$ IF and IF your observation proves correct and the company's profit jumps....

but...
if you are wrong...
well ... DBE Gurney is one company with a long proud history of being a shitty company...
it tends to lose money.... a lot.... and very often too.
this mean your trade could be stuck in......

so do you hope to pray for the cook to goreng ayam?

or if you want to manage the risk better...
wait...
wait for actual numbers to be reported....
and if the stock moves up...
don't worry...
that's just the price of insurance... 

Gtronic is a popular stock amongst funds.
It dropped earlier cos the market was pricing in weaker results with the decline in the USD.
Other export based stocks dropped a lot too during that same time.

Remember the market prices the stock based on future expected earnings.
Ulicorp? Like apples and oranges. Totally different.
If i am not mistaken, many years ago, Uli had a bad reputation as a goreng stock.

hi sifu, i calculated the EPS of prestar is 13.86, current share price is 0.895, PE is only 6.5. Annjoo PE is 8x while cs stel is 10x, with PE of 8x, prestar should be at least 1.1?