Vix only up a little though. Us banks all green with about 2-4% gain

Another chance for you to take profit. Hope you wont miss it again

Ho Ho Ho. When everything is red for no reason, buy the dip simple as that

Managed to breakeven/took profit?

This post has been edited by HereToLearn: Dec 22 2020, 10:33 AM

Hahaha

https://www.nst.com.my/news/nation/2020/12/...ovid-19-vaccine - MY Pres
https://www.nst.com.my/world/world/2020/12/...vaccine-live-tv - US Pres. He took Pzifer

There you go. The thing some forumers have always wanted - Jab on the politicians 1st.

This post has been edited by HereToLearn: Dec 22 2020, 12:14 PM

But if you sell at abnormal spike that could drop back low, you will be earning more than a total of RM13 /share

Just entered today, also slightly negative. Entry set too high

Considering that I threw everything away last Monday (Did not manage to sell at the peak though), buying back at today's price is not too bad.

Self consolation

But yeah, I have to admit that I could have done better, there is still a lot of room for improvement.

lowya

Huat ya, lai liao lai liao.

Wave 5 incoming

Elliot wave 5

KLFI, I am tracking this la.

For KLCI, as long as it is well supported above 1620, should be good to continue

I dont know I just buy at support and let it run, maybe 1800? XD jk jk

, btw mind teaching me how to tag people in this forum?

Syie9^_^ Testing

Must be coming from a very on point nickname to able to attract so many supports and assistance from senpais

This post has been edited by HereToLearn: Dec 23 2020, 04:52 PM

In penang, now there are more lands available for sale now than 5-7 years ago.

Wait for another year or 2, maybe can get it below 3.5 for long term investment

Same. Yes, they will eventually come back if they dont bankrupt. However, in the process of coming back, right issues might be needed for some of the airlines and hospitality companies. Malls maybe still ok, but not so much for hotels. Even if hotels manage to make a comeback, Airbnb is too competitive for the hotel business to thrive.

My recovery picks are heavily on financials. With the NIM normalization (no more reducing from OPR cut), and a lot of loan loss provisions made for the incoming NPL. The worst is over for financials. In the GFC crisis, OPR was maintained low for 1 year. When OPR starts increasing again, financials will do better. I think financials are good to hold until OPR stops increasing.

Other good recovery sectors might include
- construction (more KL public transport incoming)
- automotive (record sales for perodua and proton driven by incentives)

Recovery sectors which I dont like
- airlines
- hospitality
- property (properties are still too inflated for investment, only super rich people or those who dont understand investment well will buy properties at this current price, also housing index just recorded -ve for the 1st time in 20 years, will drop more, will affect the sector IMO)
- OnG (even if oil demand is back after covid, the supply can be increased anytime by lifting the production cut, the oil price will still remain low at this current price, longer term prospect, maybe OnG will be crushed by RE)

we are already in one since feb 2020
recession = two consecutive quarters of negative growth in GDP

The next question to ask now is when will we walk out of this one?
Historically, the shortest recession lasted for 6 months and the longest lasted for 65 months, with an average of 17.5 months.

In a recession, it is a good time to collect the counters that are heavily linked to the economy

True, with more bears on a sector, it means that there is more untapped potential until the bears turn bullish

Bear will also turn bullish if they FOMO

Until the bears turn FOMO, I still feel safe to invest atm.