Anybody chiong Iris?

Bro wallstreetbets used to be a gold mine where you can find million dollar worth of stock DD and insights from professionals. It was the real Bloomberg terminal alternative. Right now it feels like an echo chamber with the bombardment of the same thesis statement and constant chanting of GME. Hahaha man. I missed the old WSB. It got from 1M to 7M in a week Jesus Christ

That's what happened to our market too since the flood of retailers joining in last year.

Gets crowded and noisy. 

"One or two thoughts on SCIB - written for the young ones" by Tracy Lim 31/1/2021

For me, Datuk Karim has the advantage of being Chinese business minded and Muslim; while SCIB led by him is a local brand but with the ambition to conquer the world.

I missed out on the glove stock last year, but am thankful because I did buy into SCIB.

SCIB is not an instant hit stock, but it is definitely a stock worth watching and holding for the long term.

In fact, for many years, it and KPOWER were not favored by the market, but after the owner of Serbadk, a quality listed company in Malaysia, Datuk Karim and his team took over, it experienced a shocking reversal.

Because of the epidemic, SCIB, which had been soaring, fell into the doldrums, but it could not escape the eyes of astute Malaysian investors who saw its value and gradually pursued it.

SCIB's performance for several consecutive quarters was very bright, and although the stock price had a significant pullback after the bonus shares were attached, the next few trading days were record highs, finally waiting until the last day of the free vouchers attached to make adjustments to the stock price.

The group, which was not so lively before, has indeed become much livelier recently, and many new faces have been added, and I believe there are some friends who have just entered the stock market. There were lively discussions around SCIB on various topics, including, of course, whether we should continue to "hold", "buy" or "sell".

This reminded me of my experience after buying SCIB:

When SCIB retraced from 4.00 to 3.20 (-20%), I didn't sell;
When SCIB retraced from 6.24 to 4.75 (-25%), I held on;
When SCIB retraced from 1.56 to 1.17 (-25%) after the bonus share, I still didn't sell;

Now, SCIB made another adjustment during the free voucher period, and frankly, I still won't sell.

The reason is simple: it is not easy to pick/buy a good stock, if I sold it on the pullback, I am not confident that I can buy it back when it rises.

If I had sold during the previous swings, I frankly wouldn't have seen it at this price because I would have missed out on the next few waves.

"The biggest worry about buying a good stock is not being able to tolerate small profits and giving away the goose that could lay the golden eggs." (I don't mean no fundamental speculation oh)

If I really want to sell, I will ask myself: "Why did I buy in the first place?" "Have the fundamentals of the company changed?" If it has not changed, I will never easily let go of the ticket in my hand.

I like to listen to Mr. Jian Chen's sharing, recently he has discussed 'when the company with good prospects in the uptrend share price to make a pullback, investors should do? '

No matter how high quality the stock is, it cannot be a straight line upward, it will definitely make a pullback in the uptrend, so what Mr. Chen Jian suggested (he was using other companies as an example): "Divide your capital into several parts and buy a part of it whenever there is a 10% pullback".

SCIB's current market capitalization is really small for a listed company in Malaysia, and most of the votes are still in the hands of Datuk Karim and a few major shareholders.

In fact, there are really not many institutions and individuals holding SCIB in the market, as Harry Teo, another trend value investment teacher whom I admire, recently said in his Facebook live, "We have 1,800 listeners here today, maybe 1,700 of them are not buying SCIB." Given the reaction of the audience, it seems clear that most people don't hold or even follow the company.

So, if you have successfully chosen to become a shareholder of SCIB and believe in the management and the company's future, why should you give up your shares so easily?

To me, SCIB as a company is just starting out and has a long road ahead. Congratulations to those shareholders who still hold on to their shares in SCIB, as they will receive their free vouchers on Friday. I personally believe that the parent shares and the vouchers will give back to the shareholders in the next three years.

Let's look forward to the results at the end of February, I hear. Hee hee. (Of course, it's not just February. Because SCIB's next quarterly results are very much to look forward to), and the new year will hopefully have a more generous dividend, and wish the boss more big projects around the world to reach the medium-term goal of 5 Billion Market Cap.

This is purely a personal experience sharing, please bear with me if I am wrong, thank you for your time.

Translated with www.DeepL.com/Translator (free version)

https://www.theedgemarkets.com/node/552780

LMAO. All these IBs macam lalang keep changing opinion. 

Either cannot forecast properly, or purposely hide the correct data in their research for god know what purpose. You tikam.

so much for this huh...

I have a few stocks that I have strong conviction in, and very much looking into DCA-into the stocks. For one, I don't have chuck load of money to go in lump sum. Secondly is because I am worried I am buying it at high price (which is a bit dumb, as I intend to keep it for a foreseeable future - but fear of losing gets the best of me).

I am not good in reading trends, so not sure if the market is in consolidation, bullish or what have you.

Maybe I'll see into your approach, setting a timeline for the DCA, stop, and wait it out for a foreseeable future. Thanks for the input!

In regards to DCA, here is my TLDR personal summary.

Funds/ETFs - Yes.
Gold - Situational Yes.
Stocks - Generally No.
Crypto - Hahahahaha

My view is that every time I buy a stock, it has to be a carefully considered decision.

DCA sounds like buying mindlessly, with the research done only at beginning stage. This sound dangerous to me.

DCA for stocks is highly dangerous in my opinion, the fact that one is buying "blindly" regardless of consideration on the current stock price & neglecting the valuation of the stock. (intrinsic value)

Imagine DCA monthly for a stock at a high price, which will eventually result on the stock average price goin up. Not only will it eat into the profits, but it could even exaggerate the losses. Sounds like blind gambling

Ok. My trading list for today is completed.

1. Zhulian (topped up)
2. KPower
3. Esceram (sai lang)
4. Hextar (one minute ago!)

Let's roll the dice!   

Note : Fuh! Cheetah which I sold yesterday is up another +9.09%. Hence, in the long run, an investor will trump a trader (?).

If epf dividend 5%, u still wan put 17%? Topkek i simply put any fund also can get 20% when during peak time like now. Then just need to find timing to switch.

What's the play tomorrow?

Believe it or not.... Remember star of 2020?

HLT RM0.14. to RM3.33
UWC RM1.00 to RM14
Gets RM0.50 to RM4
Greatec RM1 to RM6.40
Supermax RM1.80 to RM24.44
JFtech RM0.60 to RM7

Dnex is the star of 2021 that will make all your dreams come true. Dnex is the life changer, dont miss the boat and join now dont miss it

Been holding for 8 mth my avg low2

Me