What to expect?
inflation la... roti canai up... opinion must also up...
.... and doesn't this still reflect what I had been saying all this while for Maybank?
Where's the meat?
Look at the return after taking on that risky daredevil move of averaging down?
Satisfied with it?
And the other most important thing is Maybank is not cheap. 8k or 9k per 1,000 shares?
That's a lot of money.
So how many things could one have average down?
4 times?
5 times?
That's at least another 40k or 50k dumped in, just because one had bought at a high price of 10.
Yup 50k to salvage an initial mistake that one could easily rid off by paying a couple hundred bucks.
So when 7.00 come, it was only up for grab for a day or two only... as it rebounded off that rather quickly...
how many would actually made that bid? Esp when the market was crashing?
and meanwhile... the most important thing...
when all these big money is used to salvage this initial lousy idea of putting money into Maybank.....
the biggest once in a life time opportunity occured.
Yup... then the sunshine days for gloves came.
And yes, there are more than a few I knew, who could not buy all because their investment money was tied up.
that's the very important lesson.
how could they buy stocks like TG or SM when their money is stuck in stocks like Maybank?
Just like in war, one needs to understand (and leave ego aside) and learn to choose which battle to fight.
Just like in stock market, one does not get bonus money investing in a difficult investment decision where the rewards is minimal at best.
Learning and choosing the big fat pitch to swing is far more important.
Will never ever agree with you on average down.
That's why many 'investors' lose money in the long run.
Can't blame cos the utmost important rule is having conviction in one's reasoning...
but conviction has always been an extreme thin line......
cos this is where Mr. Stubborn comes to play and the gravest danger is the inability to admit that perhaps their reasoning could be wrong..........
and when they are so convinced that they are correct....
they will never admit they are wrong despite the stock market clearly telling them they are wrong....
hence they will always do the kamikaze averaging down...
and they buy more and more and more of their mistake......
Yup... how many times Uncle Buffett must teach to stop digging when in a hole?

my 9 sen la
( better not raise my price again today

)
After so long, you slowly raising your sen. Inflation ka? 👀🤭