Just sold my CSCSteel at RM1.41... Slowly sell all my inherited shares because I don't know what's the original purchase price...

FYI, I think a major market correction overdue and some bros here talked about it. Reasons etc.

However what's strange is that most bank RMs and Fund Managers actually bullish on Equities 2021.

May sell my bank stocks soon, missed the last peak. All bros huat ah!!!

Please lah, what rich guy. I am just your average joeblow. Just some leftovers which they bought at near peak and hanging there over many years. Even got Matang which got delisted and now listed back and one stupid stock that's already delisted (bankrupt I think) and still got transferred over. Hoping for a Matang miracle... LOL!

No findings. Just want to share despite general feelings of a major correction as discussed in this thread, yet those RMs etc saying their fund/bank views are bullish in Equities 2021. Goldman Sachs also bullish, especially on Gold which has dropped quite a bit these few weeks. Let's just hope this virus doesn't mutate until vaccine no more useful and no wars.

Missed this post. Actually my broker said if can wait then wait. But always better to take money first. This is one of the very few steel counters that pay good dividend actually. I think this is not a goreng stock like Lion Industries.

https://www.reuters.com/article/health-coro...c-idINKBN2940QJ

Hmm... let's hope vaccine works... If not 2021 will be another gone year. Really feel like disposing all of my UT and equities.

Nope, now is Republican after 87% reporting for both seats.

https://www.google.com/search?q=us+senate+e...chrome&ie=UTF-8

More stimulus hopefully...

https://www.chinapress.com.my/?p=2365052

I notice your entry price is quite low. Even at height of the current crisis tnb not gone below 9.

Wow thanks for numbers. Seems like TNB performance is going down big considering inflation... But then again has the net assets value TNB hold gone up? If not then really bad. Sad I own TNB bought near RM11....

... I thought you posted a porn link... lol. I have tropicana bond, heavily vested. So if the company is in trouble, then... that's why I am rooting for Top Glove... haha.

When will TP release the declared Special Dividend plus normal dividend? Any dates confirmed? Thanks.

Paiseh I meant top glove. Didn't they declared special dividend some weeks back? Still not announced exact ex dates right?

So your bet on RHB and AMBANK? These 2 almost merged some time back. I think AMBANK can be a speculative merger play. But key is does it have more room to drop before someone buys it. Hell, I am hoping one day Maybank buys CIMB...

If your guess is right, TopGlove can merge with Tropicana. They already good friends with shares in each other...

RSS short max 4%, so that's about it. Meaning if all things remain same and gloves still in demand with not much additional supply, TG should go up. But I doubt short squeeze will be a factor like those heavily shorted shares in US.

I agree with you too. Some of the banks have provisioned tons of NPLs in their last QR. But if they anticipate more NPLs for the rest of the year, as opposed to our FM's positive GDP growth, then GG. Seriously our covid cases number look serious. Daily count even higher now than Philippines.

Wow Cheetah!!! Brings back good old memories when I was working part time promoter for Forest, next to me was Cheetah... I wonder if Forest also public listed company or already got bought up?

Thinking of going in Top Glove today, just went bank and deposited money. If I buy tomorrow will go withdraw... lol.

This market is strange.

Genting Malaysia is up for 2 days, despite it being closed down until 18th Feb, CNY rush no more. Not sure what's the catch here. TM also up 3% plus, not sure for why. 5G news or just plain stable cash cow? I guess people complain about electricity bill but not broadband. Our broadband still remains one of the slowest and most expensive in the region.

LOL. You are funny. Namewee style. Now no one can sue you for wrong information etc.


Another LOL. Very evil, not sure if you meant it or just playing him.


========

On a separate note, just sold EUROSP at almost 0.87. Got it from "inheritance" so I do not know entry price. Just some CNY pocket money. Slowly selling those goreng stocks of yesteryears where I do not know entry price.

Looking to go in Top Glove below RM5.80. Keeping BAT (30%), TNB (2%), Maybank (10%), CIMB (2%) for long term. Will add more Tenaga if it goes below RM9.70. Electricity will be the next big play, especially if electric cars become the norm. Maybe in another 5 to 10 years time. LOL.

HAPPY CNY EVERYONE!

My biggest paper lost in Bursa is over 200k, mainly bank stocks like CIMB. US ones more. Yes I do suck in share trading. My return for US shares over the past 2 years only 10 to 12%. Considering if you buy UT or ETF or FAANG or TSLA/SQ etc, the returns are in high double/triple digits...

No choice, sometimes you get bitten, really pain until you don't dare to make more risks...

Personally I believe most major stock markets are near or at all time high is because of the reason everyone is printing money and no better alternative to park your money. That's why even bitcoins going crazy because it is supposed to replace gold as a safety place. Time will tell.

MCO forever indeed, but Israel is a hope. They are recovering very nicely with the vaccines almost done. Hope no cases of vaccination gone wrong there. If not really GG. I do think Singapore will be the next since they clearly ahead in vaccination and their population not huge to have most vaccinated by the next few months.

Agong just gave blessing for parliament, Next Best PM to be (Khairy) just announced we can have election after Sep? Maybe earlier if Moo now has no other moves.

5G launch via SPV another total BS. Which other somewhat advance country does this. Not to mention we have Huawei as the partner. Granted they are the best in 5G now, but 5G is more than about connectivity. It is also about the 5G related possible tech resulting in a whole diff standard and ecosystem. Unless US let water to Huawei, I foresee we will get stuck with a white elephant. Maybe we will adopt the China standard moving on for those 5G enabled technology. Hope not. Technology really is about future roadmap. Huawei now very restricted due to chips and other countries avoiding it.

The "good" news is that most foreign funds are out by now, the damage with their pullout may not be as great. We are at the near bottom. Now it is retailers plus govt agency at play. As long as interest rate remains super low, our Bursa still has hope.

But long term definitely not good for Malaysia. I no longer know what's our competitive advantage. Maybe someone can enlighten us. Vietnam, Indonesia and even Thai all ahead of us now.

This post has been edited by joeblow: Feb 24 2021, 07:11 PM