Give me 30 Genetech

By right Genetech is one of the lower tiered tech company in Malaysia but it is the most stable stock. What the hell

Bursa tech had straight green candles for 3 days consecutively FYI.

A bit disappointing but it is alright. Thought the bull run was sustainable. Are you still holding them in your portfolio, if you bought it during the dip in May you should still be in the green

Just to be clear, the time to buy tech at a discount is long over. The only thing you can do is hold and watch the chart. It is boring. If you hold them, then just enjoy the gains. I would only consider selling before December because some economists predict that Fed taper will happen before JPow steps down. I don't know how early Malaysian investors will price that in.

This post has been edited by qsrt1616: Aug 11 2021, 04:12 PM

Yeah I like to buy the dip but occasionally I can't resist the temptation to be excited when it is pumping green. But in reality, I don't trade that often. Trading once or twice in one quarter (4 - 8 times a year) can make a huge difference in investment returns.

Surprisingly, Genetech, the worst tech company, (sorry Genetech fans), is holding up the most. What the hell? Is it heavilly controlled by institutions or is the future prospect of the contracts secured that exceptional? Lol

I do agree that Bursa tech is peaking a little. Plus, the Bitcoin rally is not really good for the market to be fair

This post has been edited by qsrt1616: Aug 11 2021, 04:33 PM

Genetech must've secured a contract from FAANGs. See how well they are trading still. Yayyy /s

This post has been edited by qsrt1616: Aug 11 2021, 04:35 PM

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This post has been edited by qsrt1616: Aug 12 2021, 04:42 PM

GLC company. Haha post with research. Any positive news?

I have exited my puts for Chinese stocks. All in Bitcoin miners stock, Ethereum, Bitcoin, ADA last week.

Support.com SPRT, Mara, Riot, Bitfarm BITF, Bit Digital BTBT, Hut 8

@icemanfx what do you think? Are you proud of my high risk portfolio

This post has been edited by qsrt1616: Aug 15 2021, 01:34 PM

What a slow day

Pentamaster dragging down the entire technology index

Buy all blue chips. Pretty sure foreign institutions are coming. They always come when US market weakens.

Rotate out of growth into blue chips for Bursa. For foreign market, buying only Bitcoin ETFs and stocks.

Later Bloomberg will interview Malaysian bankers. Better tune in if you wanna know how hot money moves for the next quarter. 11am

This post has been edited by qsrt1616: Aug 17 2021, 09:41 AM

Markets don't care about the economy. The worse the economy, the less likely interest rate hikes. More risky asset purchases by both institutions and retailers. Sustained upward pressure from foreign buys

This week is the last week to load up on Malaysian stocks. The moment we have been waiting for is here. Bursa has been underperforming for a long time and no market stays low forever.

Just look at the index today. Literally to the moon. The bad news of political uncertainty has been exhausted. Taiwan market popped. Vietnamese market correction. S&P500 and Nasdaq weakening.

This post has been edited by qsrt1616: Aug 17 2021, 11:32 AM

True, in Malaysia, I think as long as you don't follow tips, you should be able to NOT lose money

But in the US market, the strategy does not always work. Since there is more hot money and mutual funds buying stocks, it could be harder for price discovery. So inversing the crowd may not necessarily be the best strategy. Also, you have to compete against more institutional buyers and not to mention millions of algos. KLSE I think not many investors use any form of algo which is really unfair since most brokerage firms do not offer APIs

Not really. Try investing in US market now. I guarantee you that their institutional investors are more advanced at trapping retail investors. When they dump shares, you really do not feel worried at all. Then after a few weeks, you are down 50%. Unless you invest in FAANGs. Look at Moderna. Went up 20% a day and quickly erased all gains. All market has the same traps. But the average volatility is higher meaning your probability of gains/losses are amplified in US markets

Again, the market performs in cycles. The entire Russell small caps is on a risk-off mode. Try buying any of the small caps in Russell and you will be trapped. Back in December 2020, stock goes up every day. Bursa used to be crap. Right now in Bursa, buy anything that is uptrend (most popular example, the furniture stock Tafi) and it performs better than US stocks.

This post has been edited by qsrt1616: Aug 17 2021, 12:06 PM

Is this sarcasm or are you bullish on the market? Either one of the above is bad. If icemanfx goes bullish, the market will crash

Is this sarcasm or are you bullish on the market? Either one of the above is bad. If icemanfx goes bullish, the market will crash. Explain to me how the S&P500 doubled when the US economy was tumbling last year then

This post has been edited by qsrt1616: Aug 17 2021, 03:02 PM

Anyways I am happy about today. Bursa investors deserve some gains for being loyal to our blue chip companies. We have been suppressed for too long.

I have a lot of positions. Also I rotate out and in of positions every month. The Bursa shit was just a joke. I even said Bursa is the cheapest emerging market. 40 total positions in my portfolio lol

Also, Bursa tech 100 is still possible. Can DM you my current portfolio.

This post has been edited by qsrt1616: Aug 17 2021, 04:07 PM