This post has been edited by theberry: Dec 28 2020, 04:09 PM
STOCK MARKET DISCUSSION V150
STOCK MARKET DISCUSSION V150
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Dec 28 2020, 04:09 PM
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Senior Member
3,514 posts Joined: Oct 2011 |
Klci approaching red zone soon
This post has been edited by theberry: Dec 28 2020, 04:09 PM |
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Dec 28 2020, 04:10 PM
Show posts by this member only | IPv6 | Post
#41562
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Senior Member
1,021 posts Joined: Dec 2008 |
QUOTE(Boon3 @ Dec 28 2020, 04:07 PM) Not really. My advise is not to enter now, but judging from fundamentals and volume of the stock. I'll give it a miss. This counter highly manipulated by sharks.. First is to stick to basic, which is recognising the 3 type of charts. 1. Up chart 2. Down chart 3. Sideways chart. Knowing that solves most of the problem already. And yes charts can always be manipulated. That's why I always say use the chart but don't let the chart use you. That's also why that if you want to trade, make sure you know that there is a catalyst for you and also others to want to trade the stock. Don't trade just cos the chart says so. Okay MGRC. If you are not in ... then clearly, as it is, you are not IN as early as you like. Number of shares is so small, clearly indicating the possibility that the stock is in the hands of the cook. Fundamentally ... I have zero idea what the company does..... BUT ...if you look at the most recent 3 quarters.... you will probably walk away already. Revenue also don't have wo ... what else do you want to talk about the company? So if you still wanna bet on it (for whatever reason) then perhaps, Brendan advice is ideal. Wait for the pullback before you dive in the stock. You wanna dance with the devil? Make sure you dont get your pants burnt nauticat99 liked this post
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Dec 28 2020, 04:11 PM
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Senior Member
2,940 posts Joined: Jan 2010 |
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Dec 28 2020, 04:12 PM
Show posts by this member only | IPv6 | Post
#41564
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Senior Member
4,998 posts Joined: Dec 2010 |
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Dec 28 2020, 04:16 PM
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All Stars
24,483 posts Joined: Nov 2010 |
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Dec 28 2020, 04:28 PM
Show posts by this member only | IPv6 | Post
#41566
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Senior Member
1,264 posts Joined: Aug 2009 |
QUOTE(sadukarzz @ Dec 28 2020, 11:29 AM) Just saying, if your buy/sell call needs forumers to convince, you should avoid trading in stock market. Thanks for this, I'm still new and will continuously ask for opinions when certain spikes or dips happen so I can learn and understand why reactions take place. Now I've turned into long term investor cuz quite deep into the stocks, lol...I don't have plan to sell them off, but it does give me jitters to see so much paper loss. If you are firm on your decision and getting second opinion, then good for you. Glove: The cycle is over for now, you either join the bandwagon of "glove will spike up again" then turn up to be "long term investor"; or you are a true long term investor who didn't even flinch when the gloves spiked. Bintai: You know why you entered, you should know best whether there is "road to recovery for them". On 25th August 2020 onwards, there have been no "recovery" or whatsoever. You probably just caught the falling knife. My insignificant, noob, uneducated, speculative 2cents. QUOTE(kembayang @ Dec 28 2020, 11:35 AM) How high was your Bintai position? Appreciate you sharing your moment.I remember last time i was at RM0.85. Dropped until RM0.50 level. Hold for 3 months +, sudden spike to RM0.93 on one day. Set Order position at RM0.90 and matched. From here you should have your own judgement. >Rm1...stupidity, nothing else back then chasing high and didn't know how to sell. So now in 50% loss, thinking if it's best to keep till some spike takes place and sell with lesser loss, or complete give up on it. QUOTE(statikinetic @ Dec 28 2020, 11:49 AM) I think the others have addressed the question sufficiently. Thanks, you've said it rightly and reassuring to know that short term analysis is a futile approach. I'm almost thinking the same, and probably it's best to remain so. Thus, asking for opinions as any sound thoughts help build my resilience that's wavering so much now, lolYour approach should corrrelate with your longer term view; either the demand for gloves will remain a constant and the profits for glove companies will be the new normal, or the game is up. Market short term reaction can be random at time, the collective of millions of irrational human minds. Trying to make sense of the short term may be an exercise in futility. So most of us analyze the long term instead. For me, I think the topic is fully matured and have no position in gloves. QUOTE(ben3003 @ Dec 28 2020, 01:54 PM) Gloves still can hold on? Every quarter profit also go down to drain lol.. i did average down and like what some sifu here said, ur risk doubled on tat stock. And i learnt my lesson lol. Ya i dont have unlimited resources. And i missed out opportunity becos warchest locked at gloves. Thinking to cut loss and fight Another day by this week. For me, I'm thinking to average one more time on Supermax and if next year still as horrible...I guess I'll rethink on limiting my losses, but not completely selling them off. Anyway, next year is few days to go, lol...talk about how soon it comes.QUOTE(AVFAN @ Dec 28 2020, 04:16 PM) Is this your top-up fund or new buy?This post has been edited by pinksapphire: Dec 28 2020, 04:29 PM |
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Dec 28 2020, 04:38 PM
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Senior Member
4,511 posts Joined: Aug 2005 From: Klang/Shah Alam |
QUOTE(New Klang @ Dec 28 2020, 04:12 PM) Don't follow me as I am always wrong. I queue 6.25 for spmx as well as it was the range that I haven't gotten. QUOTE(AVFAN @ Dec 28 2020, 04:16 PM) I have a little bit worry about spmx that it won't continue to drop.The shorted volume has been fully bought back. But I guess I just need to be discipline and stick to my plan and TP. Bad news is that EPF keep on buying in Harta. Never stop. I hope they start selling Harta so the downtrend can prolonged. Good news is there are still warrants to expire until year end. |
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Dec 28 2020, 04:39 PM
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Senior Member
2,940 posts Joined: Jan 2010 |
QUOTE(pinksapphire @ Dec 28 2020, 04:28 PM) Thanks, you've said it rightly and reassuring to know that short term analysis is a futile approach. I'm almost thinking the same, and probably it's best to remain so. Thus, asking for opinions as any sound thoughts help build my resilience that's wavering so much now, lol Sounds like you are still experimenting around your investment approach, and your investment horizon has yet to be tuned.Keep in mind whatever approach you end up with, make sure you can sleep at night. First things first. HereToLearn liked this post
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Dec 28 2020, 04:41 PM
Show posts by this member only | IPv6 | Post
#41569
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Senior Member
1,021 posts Joined: Dec 2008 |
Yesss yesss
KPOWER SCIB Finally down! Finally.. |
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Dec 28 2020, 04:41 PM
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Senior Member
2,175 posts Joined: Mar 2016 |
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Dec 28 2020, 04:43 PM
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All Stars
24,483 posts Joined: Nov 2010 |
QUOTE(pinksapphire @ Dec 28 2020, 04:28 PM) i top up, i trade... all kinds. QUOTE(skty @ Dec 28 2020, 04:38 PM) I have a little bit worry about spmx that it won't continue to drop. right, that's my question too...The shorted volume has been fully bought back. is this correct... all shorts no more except TG 0.22%?? https://www.bursamalaysia.com/misc/missftp/...End20201224.pdf |
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Dec 28 2020, 04:43 PM
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Senior Member
1,147 posts Joined: Dec 2015 |
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!!! |
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Dec 28 2020, 04:45 PM
Show posts by this member only | IPv6 | Post
#41573
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Senior Member
1,441 posts Joined: Oct 2017 |
Gloves shopping spree bonanza... BTW Kpower is quite ugly, from +6% become - 6%. HereToLearn liked this post
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Dec 28 2020, 04:46 PM
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Junior Member
626 posts Joined: Jul 2020 From: Land of Honah Lee |
QUOTE(cherroy @ Dec 28 2020, 02:52 PM) PE is the rear mirror view figure. Interesting views. This probably explains why glove companies now have relatively low PE compared to potential high earnings. With vaccines out, Mr Market is scared the extraordinary revenue & profit might not be sustainable. Stock market doesn't care about the past but looking forward ahead. PE is a good yield stick if the profit figure is going to be steady throughout, but if profit and prospect ahead is going to have big change, PE is not a suitable indicator. There is a market term called "PE trap" that we need to aware of. I've observed that, some stocks are stuck with low PE for well known reasons. For Magni, low PE coz one concentrated customer. For ARBB, too good to be true. For Tambun, property sector slowdown. For Allianz, I'm not too sure why. Anyhow, PE is just one part out of the many criteria for stockpicking. |
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Dec 28 2020, 04:46 PM
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Senior Member
2,282 posts Joined: Sep 2019 |
QUOTE(theberry @ Dec 28 2020, 04:09 PM) Contributed by supermaxQUOTE(Krv23490 @ Dec 28 2020, 04:41 PM) Drop like this better dont buy, scib also dropped in a similar way, maybe some big fund started offloading.Also, it is no longer cheap. When I bought it was Rm3. QUOTE(joeblow @ Dec 28 2020, 04:43 PM) Just sold my CSCSteel at RM1.41... Slowly sell all my inherited shares because I don't know what's the original purchase price... Rich guy. Anyway congrats 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!!! If there isnt any major crash, you can hold banks at least until OPR stops rising. This post has been edited by HereToLearn: Dec 28 2020, 04:51 PM |
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Dec 28 2020, 04:48 PM
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Senior Member
4,511 posts Joined: Aug 2005 From: Klang/Shah Alam |
QUOTE(AVFAN @ Dec 28 2020, 04:43 PM) is this correct... all shorts no more except TG 0.22%?? just my guesstimate as the list only show stock that have 0.1% and above.https://www.bursamalaysia.com/misc/missftp/...End20201224.pdf |
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Dec 28 2020, 04:48 PM
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All Stars
24,483 posts Joined: Nov 2010 |
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Dec 28 2020, 04:49 PM
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All Stars
24,483 posts Joined: Nov 2010 |
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Dec 28 2020, 04:50 PM
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Senior Member
4,511 posts Joined: Aug 2005 From: Klang/Shah Alam |
QUOTE(joeblow @ Dec 28 2020, 04:43 PM) Just sold my CSCSteel at RM1.41... Slowly sell all my inherited shares because I don't know what's the original purchase price... oh hi, glad to know what's your findings 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!!! This post has been edited by skty: Dec 28 2020, 04:51 PM |
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Dec 28 2020, 04:51 PM
Show posts by this member only | IPv6 | Post
#41580
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Senior Member
1,264 posts Joined: Aug 2009 |
QUOTE(statikinetic @ Dec 28 2020, 04:39 PM) Sounds like you are still experimenting around your investment approach, and your investment horizon has yet to be tuned. Yes, you're right...this year or come 2021, I wanna switch to moderate aggressive...and see if I'm fitted for higher or rather just maintain. Hence, venturing into stocks. Of course, extremely new and learning the nuances, albeit too reckless, so now correcting myself with guidance from all. Keep in mind whatever approach you end up with, make sure you can sleep at night. First things first. Yes, sleep at night, indeed I need that foremost. |
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