ask ur nurse to inject u with an-anti euphoric jab .......................

Aiyoh.... i thought you be better than this. Don't turn this into me mah... it doesn't matter what I do or what I don't, yes? Matter is the issue itself. If you turn it into me... lol... this macam local politics. Good meh? Come..... 

Ahem... I don't do resistance line la. Resistance line and the trend line is so different, so different... Mentioned it b4... so not gonna repeat it.

Anyway, just for your info. When I made that simulation idea trade on TopGlove, I was pretty much sincere and it was how I would have traded the stock IF I was really interested in TG. ( And also for your info, I did not buy any glove stocks yesterday. )

Which is why I said 'I had already drawn the picture ...'

Reference: post #41207

I will just paste the main part here................

1. Buying a stock just b4 it goes ex dividend.

Best one to TEST it out is Top Glove.

Point is, you need to test such ideas/insinuations out. Recently Maybank, went ex-dividend. Look at Maybank now... it's been sliding since then. So you would have gotten the dividend but since the market readjusts the price for the dividend, the stock automatically trades lower.

so test it out. Mark 6.70 as your buying price. Come back one month later. See the result. ( As of now, this was clearly a bad idea. Always is. Unless you are a long term trader, chasing the stock for dividends is always a bad idea. Yup. Besides testing out good ideas, I run a lot of tests on bad ideas too.)


2. Since we are on Top Gove, lol ... the unloved scape goat.. tongue.gif ... you can actually run 2 test simulations.

Technically it's trading within a descending triangle ... but since the stock has been trading right along the trend line, suggesting ... just maybe it could breakout from the descending triangle ( google that phrase - descending tirangle) , perhaps a trading buy is possible. In which there's 2 ways you can trade it...

a. Being early ... you reckon you sure it will breakout... so you want to be ahead of the crowd and you want a cheaper price... so you buy now. So mark that 6.70 as a DOUBLE trader in your book. ( Descending triangle is always bearish in nature. Unless one sees the breakout itself, being early is NEVER a good idea)

b. You wait for the breakout ... any price above 6.80, you need the volume to justify your trade... so if it breakouts with volume, mark 6.80 as your other trade.

AND OF COURSE, there's still the other option... since it's descending triangle, by technical definition it is bearish. So unless you see the breakout, you will have ZERO trade... lol ... in real life... you make your money rot in the bank for a while more.... hehehe

(the breakout point of course changed. When Syie9^_^ shouted for the chart at 3.15pm, see post #43638 , the chart posted showed clearly the breakout. The volume is of course the most important. Without it, one could fall what folks refer to as a failed breakout. But that was the breakout. A potential buy point from a traders point of view)


the 'live' chart as at 3.30pm yesterday.....



Written out 3 possible scenario to trade, no? The correct and obvious one was the 3rd option. Which coincidently is the same as what we saw in MI recently. MI too had a descending triangle. Stock broke out of the triangle and rebounded. Same same.

And from a FA point of view, that day, Stock was at 5.46 when TG announced 70%. Math simple lor. 10 bil estimated profits. So roughly 7.5 billion profit is the size of the cake. Out of it, 70% will be returned. Shareholder base around 8.2 billion. Count lo the DY. Was that not a valid reason to buy?

Two simple reason to buy... no BS on vaccines la, covid cases, no call warrants la, no short selling la ....
Stay focus and keep it simple.

okay bo?

Profits go public, losses in the closet.

Ya. Do understand what you are saying.... but... will there be a point perhaps you made a mistake?

Perhaps by...

Buying the wrong stock...
Buying the right stock but at a terribly wrong price...
Buying the right stick but unfortunately the company profits declines greatly...
etc etc

What would you do?

When you are “buying low”, there never the concept of stop loss carry with them. As far I know most what FA camp. 
DCA strategy will be the atypical FA investor.

What happened with most FA vs TA, FA sometime can picked the wrong stock at right time OR right stock at wrong time and continue the HoDL religion without knowing where they are and how long praying for gains.

That can be very damaging staying on one trading camp.

Correct me

glad to see someone understand why the hell I bought glove and I am happier if its price continue to drop after I buy 

1) before you buy a stock, find out what you wanna do with it.
2) a stock that is good for investing, can suddenly become good for trading and/or speculating.
3) but a stock that is not good for investing, can never be treated as investment. Once a while good for trading and/or speculating.
4) many talk easily about investing, ohh.. just buy and hold. The problem lies within many is, do they know what it takes to be an investor.
5) the success of investing is depends on the investor, not the stock.

I was once a person grown up in a ordinary environment and so have an ordinary mindset. I was once having sleepless nights when my portfolio is in red.

It's never easy to go through that barrier and go to another level. This can be speed up if you get yourself a good mentor.

good luck. You are in the correct direction that suit you. 

I will take a stab at this. I will try give as honest an answer as I can, good to let lessons air and keep the internal ego in check.

It is very important for me to have my portfolio in the green at any given moment. I was not the person I thought I was. Rock steady and unwavering in my strategy, even in the face of overwhelming risk. Sitting in the red and risking a further slump gives me a little anxiety I can do without and it can affect my focus in my day job. The pre-frontal cortex can try override all it wants, but when your amygdala is triggered there is little you can do to manage it.

I am in banking, and like you I cannot afford to monitor the market full time. Cannot measure up to full time traders, so the strategy is FA only.
Being FA only then brings us to the strategy and why I would like to be in the green at any point in time.

Being FA, we measure the intrinsic value of a given stock. We the formulate an entry price point with a margin of safety. And we buy if the price hits our entry point. Then what?

If the price dithers around the entry price for a while, or even drops a little, I am usually fine with it. But what if it continues to drop and sits deep red without a recovery in sight? That is worrying as an investor even if we take emotion out of it. Because it says that our entry point calculation is incorrect. And if our entry point calculation is incorrect, could our value calculation be incorrect as well? This is when I usually go back to the storyboard to see if the company and the market sentiment is still what it is. If it is not, I would admit I made a mistake and cut my losses. If I think the core story is still intact and it is a temporary event that is causing the bleeding, then I would maintain it. All said, I have a bottom cutloss point for every company I invest in. I am not the HODL type, nor the value investor that ignores the prices for years. It's hard to eat a loss and take money off the table. It's always that internal battle between ego and finances. Unfortunately for me, I found out that my ego is more expensive to maintain than a mistress. I try to do better now.

Hope this helps.

For me i mostly buy based on FA. So i can frankly tell you whenever i bought mostly it will be red for awhile as sometime technically the stock downtrend still persist.

Short term red is ok for me, for i always try to to spot value before the market does and go in sometime before the company start showing their worth. Particularly i always go in when there is some crisis or the company is performing at it worse period, not stock price but actual financial performance is bad.

But there are cases whereby im wrong and my stock pick thesis is wrong, eg i bought IBM in 2017 for their blockchain and quantum pioneer work, but that stock has not been performing and market did not reflect that even after 2 years, and i need to cut it. Not much losses but wasted capital i could have put into microsoft instead. That time i was considering this two and i choose IBM.

I think for people that buy in FA is that the story for the future of your stock you had in your mind must align with reality. If the story does not align you need to start question yourself and accept reality, dont come up with bullshit theory to justify that you are right and keep on being stubborn.

I usually hold a stock min 6 month to a year to ensure what i had in mind tally with market or not. If after 1 year and the stock price still not performing you really need to question are you right or market is right.

talking about 4 Jan... 

I felt very painful when I see the data at night after I came back from hometown. Instead of putting in the quota of 5.75+5.25 into 5.25 queue, I queue using only the fund allocated for 5.75. This has cost me an opportunity to get into a much better position for myself.

After that, I never utilize a part of the fund allocated for 5.25 to buy at 5.75. Not discipline at all!

I can never get rid of all these kind of silliness. 

If you are buying glove stock, i think its important to attach an additional factor into your valuations which is the company future growth expectation and their profit cycle. This is to avoid falling into a value trap and your capital got stuck.

You can read up Buffett mistake with conoco phillips and perhaps learn some wisdom from it to avoid this:

https://www.gurufocus.com/news/50143/warren...ocophillips-cop

Or maybe i could be wrong so yea really depend how you see it.

Just sharing ... cos for me it wasn't hindsight

The game changer was the announcement of the 20% special dividend at midday.



That was positive news. The above graph was TG chart taken on a live on a 15 min time frame. See how the stock POPPED UP after the announcement?

That 20% is a lot. Really. Much better than the nonsensical share buyback (judging on how reckless the buybacks was executed).
10 bil profit estimate (even TG used this)
2.3 bil was reported for Q1.
which means around 7.7 billion net profit for the rest of 2021.
70% of 7.7 bil equals to 5.39 bil to be returned as dividends.
Share baseroughly 8.2 bil.
So total dividends to be returned this year should be roughly 65 sen.
and based on 5.50, the potential DY is very sexy, yes?

Simple calculations to indicate that one could have considered buying the stock on 4th Jan afternoon based on simple reasoning.

Again... everything all simple. Eyes on the ball.

No need talk about Call Warrants or short selling.

Seriously no point.

even as a trader, it's not even worth talking about it. It's like trying to decipher who's who in the daily traded volume for a stock.
huh? huh? Huh?
exactly. Pointless. Totally garbage.


Anyway, as mentioned b4, if a stock is worth its weight in gold... the market will seek the stock la.

the usual falling knife scenario... at that time most people are thinking of selling lor, not buying!

yep, can't be sure the reversal will last, yet.
yep, with 2.34% or 191mil shares shorted, there may another 135mil coming next week, esp when retailers try to get out.

with rm1 bil already "wet", likely more will come before closure.

let's watch this closely next week!

Another question. For those long term FA investor, what do you do when market crash? Cash out or hold then come back few years later?

Im holding this, will exercise my warrant as well when the time comes.

Management promises 2x company performance every 5 years. Although different industry but i find their execution to be good, maybe like QL. Worth to keep and valuations is consider reasonable now.

My remisier keep telling me to buy for months; i obliged. I hope it’s a good call n decision

glove so volatitle lol

thats what everyone said in Sept Nov 2020.