STOCK MARKET DISCUSSION V150
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 May 20 2020, 04:17 PM
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#101
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Senior Member
3,541 posts Joined: Mar 2015 
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QUOTE(foofoosasa @ May 20 2020, 03:48 PM) join me at plantation counter. help me push hahaha My balls shrunk already.  These past 2 days, I traded 2 oil counters, Carimin and Serba Dinamik. Lost about RM2700. Luckily I was saved by the glove stocks lead by Supermax, Top Glove and Comfort. These netted a gain of about RM5528.00. End result - gross profit about RM2819. Which are the special plantation stocks on your radar. Share tipsy a bit.  |
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May 20 2020, 06:41 PM
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#102
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(annoymous1234 @ May 20 2020, 04:51 PM) Why u sold off? Top glove already reach max but I think supermax can still go higher? I'm holding supermax, dilemma to sell or not. The analysts say Supermax can go higher. Why you don't continue to monitor it tomorrow and set a TP? For me, I am OK with the +14% profit in 3 days of trading which was about RM4K. There is no right or wrong answer. You just have to follow your own method of trading.  |
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May 20 2020, 06:43 PM
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#103
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(foofoosasa @ May 20 2020, 05:56 PM) Tsh lol. Hmm Thank you for the tipsy. I wish you luck and may you win big. Not special, just severely undervalued. I own the stock of course promote a bit haha  |
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May 20 2020, 10:48 PM
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#104
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(djhenry91 @ May 20 2020, 09:23 PM) huh? so fast take profit liao ar...game still on wor It’s OK bro. We can never sell at the highest price. I only aim for RM500 to RM1K profit a day. Target reached. |
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May 20 2020, 10:52 PM
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#105
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Senior Member
3,541 posts Joined: Mar 2015
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Stock Watch tomorrow.
1. MPI 2. Genting Plantations |
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May 21 2020, 01:58 PM
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#106
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Senior Member
3,541 posts Joined: Mar 2015
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Fuyoh. So many whales here. Some have earned enough to pay for the down payment of a car.
I only earned enough to buy one new Iphone with some change left.  |
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May 21 2020, 05:04 PM
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#107
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(Bendan520 @ May 21 2020, 02:23 PM) Haha, but I saving up for next year's marriage.. need some funds.. dont want to touch my reserves for wedding. Good idea. Better not touch the marriage fund. Wifey comes first. QUOTE(zstan @ May 21 2020, 02:53 PM) Maybank Q1 net profit rises 13.3pc to RM2.05b I don't understand this statement. Please elaborate. https://www.malaymail.com/news/money/2020/0...rm2.05b/1868257 okay time to look for other stocks. the boat has sailed. QUOTE(crystalclearlah @ May 21 2020, 04:55 PM) Bought supermax at 5.38. I'm wondering if it's a wise move. New target price by Kenanga for Supermax is RM6.60. Do you trust the analyst??  |
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May 21 2020, 07:08 PM
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#108
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(foofoosasa @ May 21 2020, 06:30 PM) Free money today? Takde masuk MPI or Genting Plantations this morning.  |
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May 21 2020, 10:24 PM
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#109
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(foofoosasa @ May 21 2020, 07:22 PM) Adui. So tomorrow apa new watchlist haha. Kossan. 😀 |
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May 21 2020, 10:30 PM
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#110
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Senior Member
3,541 posts Joined: Mar 2015
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I am holding Genting. Tomorrow it will either drop or move sideways. By right, I think all the negative factors should have been factored in.
If it drops more than 10%, I may top up. This is one of those blue chip stocks that I am not afraid to average down. I don’t see Genting closing shop in 3 years’ time? Do you? 😅 |
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May 21 2020, 10:43 PM
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#111
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(woonsc @ May 21 2020, 10:33 PM) Hard to say I think Genting need to hold more than 2 years...same like when SARS affected the casino business last time. Even AA I feel it won't a year ago.. Now covid, overseas tourism will be close to non, all depend on local, but local business are affected.. hard to say..  Unless if an investor want to cut loss tomorrow on Genting and dump everything into Kossan and Caely. |
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May 22 2020, 12:07 AM
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#112
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(woonsc @ May 21 2020, 11:08 PM) Why haha To ride on the glove stocks momentum? A bra manufacturer like Caely can suddenly become a PPE manufacturer and doubled it share price recently. Haha. What a joke. |
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May 22 2020, 10:00 AM
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#113
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Senior Member
3,541 posts Joined: Mar 2015
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Another beautiful day at the stock market. Supermax and Top Glove are still going up. The investors in this forum are grinning from ear to ear. Just a word of caution - please don’t remortgage your house to buy these shares. At some point, the party will end.
Nothing much happening with Genting. Only down about -2%. Surprisingly, Kossan is down -3% in spite of its good QR. BAT has fallen off the cliff about -10% because of the expected bad QR. Luckily I sold it off last month. Is it worth having a second look for dividend play if it continues to fall? |
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May 22 2020, 10:03 AM
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#114
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(zstan @ May 22 2020, 08:45 AM) no more discounts liao. my average price hovering below RM7.7 That’s alright. My average price for Maybank is RM7.540. I am still holding paper loss of about -6.95%. It’s ok. Just continue to hold for long term. |
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May 22 2020, 10:09 AM
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#115
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(MasterConfucion @ May 22 2020, 07:49 AM) I don't dare to say that... Hotel industry being most impacted by covid and we don't know how this is going to end up.. so far all promises of vaccine did not really show concrete result and give confidence. Once a gambler, you will be a gambler for life. It is like a drug. They will return to the casinos eventually. Of course I am just looking at this from the last data with SARS. Genting and GenM stocks were bashed down but eventually rebounded.Theme park, casino and stuff which involves social has dark future. I don't know how genting will survive if it closes with no business until end of the year Even if it opens, the business will not be good. P/S: I read that GenM is doing a 20% retrenchment of their staffs. They have about 20,000 staffs? This post has been edited by Vanguard 2015: May 22 2020, 10:09 AM |
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May 22 2020, 03:33 PM
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#116
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(cherroy @ May 22 2020, 11:56 AM) Casinos business may come back in one day, yes. I agree Covid-19 is a Black Swan Event. The last time we had a global virus pandemic was 100 years ago, i.e. the Spanish flu in 1918. Therefore, we have insufficient data to make an accurate comparison. But we can't compare with SARS period. Covid-19 vs Sars, is totally different scale. Sars is less contagious as compared to Covid-19. We don't have lockdown during Sars either. The impact of Covid-19 is unprecedented, even senior people that have lived more than 50 years never see such a lockdown before. I bet nobody have ever seen such a big airfleet parking at airport before. Another point is that, GenM is not at the same situation with earlier 2000, Its scale of business is more vast and more borrowing as compared last time. Thus, I can only make certain assumptions based on historical events. But you have offered a fresh perspective of analysing the gambling stocks. There could be some blind spot in my analysis. This post has been edited by Vanguard 2015: May 22 2020, 03:47 PM |
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May 22 2020, 03:34 PM
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#117
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Senior Member
3,541 posts Joined: Mar 2015
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What is so special about POLY? Today shot up +48%. Is it a goreng stock?
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May 22 2020, 03:49 PM
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#118
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(annoymous1234 @ May 22 2020, 03:41 PM) apparently they are joining in the bandwagon to produce face mask if im not mistaken Nowadays, everybody and their grandmother just have to say that their company is diversifying into producing PPE, gloves, face masks, etc. Straight away the stock price will shoot up although it could just be at the preliminary stage. |
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May 22 2020, 05:04 PM
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#119
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Senior Member
3,541 posts Joined: Mar 2015
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Entered Kossan a few minutes before the share market closed. Re-entered some glove stocks yesterday.
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May 23 2020, 10:51 AM
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#120
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Senior Member
3,541 posts Joined: Mar 2015
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QUOTE(AsTiGaTe @ May 22 2020, 11:16 PM) good la then.. time to take short rest for this festive. There are many books out there. For eg.p/s.. do u guys read any book for trading when u first began? mind sharing some books or author to gain more knowledge on chart wise and psychological ? 1. I Love Trading by Pauline Yong (Malaysian author. But this is a very,. very beginner’s guide). 2. A Beginner’s Guide To Day Trading Online by Toni Turner (a more detailed guide and a National Bestseller in US). 3. The Battle For Investment Survival by Gerald M. Loeb. This is not a book on trading per se but it is a a well known classic book published in 1935 after the 1929 market crash and during the period of the Great Depression. Very apt for our times now! Happy reading. This post has been edited by Vanguard 2015: May 23 2020, 11:09 AM |
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