If profit is way better than the required 876m. Definitely. Else the share price is only as good as what the next buyer is willing to pay for

I like how theres so much optimism for the gloves. Hoepfully, more people will throw other counters to chase high in gloves

Gold is also needed to hedge against inflation.
Both gloves and gold counters are overvalued unless their QR reach the required earnings. Just goreng anything with the largest positive momentum, and cut loss if turns turn sour.

This post has been edited by HereToLearn: Aug 7 2020, 02:58 PM

Trading is not easy. Most traders lose money (even if their skills are above average), because their funding is not as large as the fund managers.
Fund managers can easily swing a counter in a direction if they want to especially in Malaysia. Thats why pump and dump scheme is very popular here.

90% of the traders lose money to the 10%. Thats how fund managers earn their bonuses.

Now property market is finally dying.
But like how forum gurus bait new traders, property-turned-auction gurus sweet talking keep luring new buyers, acting as resistance to the price drop.
Maybe need a few more years to reach property market bottom.

This post has been edited by HereToLearn: Aug 7 2020, 04:12 PM

Glove counters will eventually die. I dont think monday QR will be able to hit the required earnings per quarter to meet market consensus of PE25. In fact PE 25 is already high for rational fundmental investors unless their ROE is close to 3 digits

Just your book profit while you still can.

I hope then they die, they will crash other counters together for us to buy cheap cheap

This post has been edited by HereToLearn: Aug 7 2020, 04:16 PM

Not a good idea, unlikely that their QR outperform the required earnings. (e.g harta underperform more than 50%)

Or crocs are distributing, not too much not too little to maintain the price, to continue distribute next week.
Need professional technical analysis traders advice on this.

A lot of people buy without knowing what they bought, just following trend, momentum or advice. Very hard for people not to panic sell.

Gurus will come up with a new 'goreng' sector to trap us

Gurus will come up with a new 'goreng' sector to trap us

Wow if you can lose RM50k. You must be really rich. Some people dont even have the chance to lose 50k.

Last time I traded, I lost 16k

This post has been edited by HereToLearn: Aug 7 2020, 04:47 PM

I cant agree more on this. When i started trading, I earned so much that I thought I could be a full time trader. Lessons learned. Now, even though I see others trading and earning massive profit, I have the discipline not to join and stick only to the fundamentals.

Who says we are students? We may be professional working adults

What a legend!! I dont even have 5 digits when I was a college student

This post has been edited by HereToLearn: Aug 7 2020, 05:01 PM

WOWWW congratulations man. 200k profit. You have the potential to be a good trader

Salute man. You have my respect. How do you find so much capital to play? Contra?

Congratulations man. Dont throw all your profits to goreng again. Pay your college fees 1st

Happy to share . With the current trading hype on going, there's no need to panic buy any undervalued counters now. People might continue throwing those counters to chase high elsewhere. Just start searching for the counters and put it in your watchlist.

My painful lesson: I kept buying BIMB and Takaful, when others were throwing, now have few ks paper loss for the counters

There's a possibility that we will have good deals after Sept30. When everyone has to cash out for loan repayment (end of October month). Try to fish near end of Oct.
Or if the gloves selldown successfully trigger panic selling in other counters, we can try to get some good deals too.

There are multiple ways to find the intrinsic value of a stock. Depending on the approach you use, each approach will give different intrinsic value and the values sometimes vary VERY DIFFERENTLY. The safest way to get check whether the stock is undervalued is to use all approaches and get a range for the values. If the current stock price is below the range, then it is an undervalued stock.

I personally dont use all approaches then get a range, because some of the approaches are irrelevant to the particular stock. The safe way for you is to come up with your own comfortable approach to value a stock and check against the valuation given online, dont just follow anything given blindly. Hope it helps

You can do it. Put you heart into it and learn bits by bits everyday. Even just reading a page relating to stock valuation will be helpful.
Here's some info for you on how to get 6 figures if you are willing to hold boring counters for long term: https://www.youtube.com/watch?v=cvSeEVuhmwY