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 STOCK MARKET DISCUSSION V150

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SUSNew Klang
post Dec 31 2020, 09:53 AM

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Now all kena goreng

Time to consider value investing
HereToLearn
post Dec 31 2020, 09:54 AM

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This post has been edited by HereToLearn: Dec 31 2020, 09:56 AM
statikinetic
post Dec 31 2020, 09:55 AM

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QUOTE(ChAOoz @ Dec 31 2020, 09:50 AM)
Maybe SPMX has the most punters and margin players among the big 4.

If yes, then it's going to waterfall if no one come in to provide support.
*
Perhaps, I can already see the head of a waterfall forming.
It's right now testing the 5.90 support line, which is holding the first time and bounced it back. May not be the only time it will be tested today.

Even TG is trending down. 6.05 line breached, so they may want the Tan Sri to come defend with the Great Wall of TG at RM 6 again.
HereToLearn
post Dec 31 2020, 09:55 AM

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QUOTE(statikinetic @ Dec 31 2020, 09:55 AM)
Perhaps, I can already see the head of a waterfall forming.
It's right now testing the 5.90 support line, which is holding the first time and bounced it back. May not be the only time it will be tested today.

Even TG is trending down. 6.05 line breached, so they may want the Tan Sri to come defend with the Great Wall of TG at RM 6 again.
*
KLCI doesnt look so good, prolly will have a dip soon. Back to 1610 perhaps
Boon3
post Dec 31 2020, 09:56 AM

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QUOTE(Taikor.Taikun @ Dec 31 2020, 09:50 AM)
I was trying to ride the madness. Turns out im crazier hence i left. Move on to better fundamental counters
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Is okay la...


anyway... during April... the situation at AT was even crazier.... cos it had the warrants .... and the warrants was so IN the money... laugh.gif


just saying only... no hidden meaning laugh.gif
cranx
post Dec 31 2020, 09:56 AM

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QUOTE(statikinetic @ Dec 31 2020, 09:43 AM)
SPMX tanking now to 5.93.
Big movements, watch the gloves.
*
...and I was thinking below RM7 was a good entry price.
Didn't expect to see RM5 within such a short time. sweat.gif
Boon3
post Dec 31 2020, 09:57 AM

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QUOTE(statikinetic @ Dec 31 2020, 09:43 AM)
SPMX tanking now to 5.93.
Big movements, watch the gloves.
*
laugh.gif

Got your muruku ready?
statikinetic
post Dec 31 2020, 10:00 AM

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QUOTE(New Klang @ Dec 31 2020, 09:53 AM)
Now all kena goreng

Time to consider value investing
*
There ia a saying among us in the office.

Value and long term investors in Bursa....are synonyms for punters who got trapped in the penthouse with too big an unrealized loss to cut.

QUOTE(Boon3 @ Dec 31 2020, 09:57 AM)
laugh.gif

Got your muruku ready?
*
Already settled it with coffee.
I must say today is more eventful than yesterday's TG suspension.

Who knows what 4.30pm has in store for us?

icemanfx
post Dec 31 2020, 10:01 AM

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QUOTE(New Klang @ Dec 31 2020, 09:53 AM)
Now all kena goreng

Time to consider value investing
*
Goreng was when price spiked a few months ago; now is the aftermath.

QUOTE(cranx @ Dec 31 2020, 09:56 AM)
...and I was thinking below RM7 was a good entry price.
Didn't expect to see RM5 within such a short time. sweat.gif
*
Common for retailers to compare with previous peak price regardless.

This post has been edited by icemanfx: Dec 31 2020, 10:01 AM
brokenbomb
post Dec 31 2020, 10:01 AM

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QUOTE(cranx @ Dec 31 2020, 09:56 AM)
...and I was thinking below RM7 was a good entry price.
Didn't expect to see RM5 within such a short time. sweat.gif
*
This is why people don’t average down on stocks

7 seems cheap
6 seems cheap
Standby for 5?
HereToLearn
post Dec 31 2020, 10:02 AM

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QUOTE(statikinetic @ Dec 31 2020, 10:00 AM)
There ia a saying among us in the office.

Value and long term investors in Bursa....are synonyms for punters who got trapped in the penthouse with too big an unrealized loss to cut.
Already settled it with coffee.
I must say today is more eventful than yesterday's TG suspension.

Who knows what 4.30pm has in store for us?
*
I think the opening show is next year when RSS is ready. Real show will come after march when IDSS is ready or when we enter into 2H2021 (when ASP starts sliding)
icemanfx
post Dec 31 2020, 10:02 AM

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QUOTE(brokenbomb @ Dec 31 2020, 10:01 AM)
This is why people don’t average down on stocks

7 seems cheap
6 seems cheap
Standby for 5?
*
On downtrend, average down is akin to throwing good money after bad. cut loss could be a sensible option.

This post has been edited by icemanfx: Dec 31 2020, 10:05 AM
HereToLearn
post Dec 31 2020, 10:03 AM

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QUOTE(brokenbomb @ Dec 31 2020, 10:01 AM)
This is why people don’t average down on stocks

7 seems cheap
6 seems cheap
Standby for 5?
*
I am waiting below 3. If below 2, should be undervalued enough for safe entry even with the new players mushrooming
theberry
post Dec 31 2020, 10:07 AM

OK!
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Time to short tech counter when ss come back brows.gif
SUSNew Klang
post Dec 31 2020, 10:10 AM

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Drop like stone
james.6831
post Dec 31 2020, 10:11 AM

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ouh oh gloves selldown again
statikinetic
post Dec 31 2020, 10:11 AM

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QUOTE(HereToLearn @ Dec 31 2020, 10:02 AM)
I think the opening show is next year when RSS is ready. Real show will come after march when IDSS is ready or when we enter into 2H2021 (when ASP starts sliding)
*
If many newbies start dabbling in it, I may need to prep some cash to go long.
Talk about people losing their underwear, they may start losing their legs.

SPMX breached 5.90, hitting 5.86 now.
Waterfall continues.
SUSlowya
post Dec 31 2020, 10:12 AM

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QUOTE(ChAOoz @ Dec 31 2020, 09:41 AM)
Ptrans - Good company, good margin, but obscure, not sexy, no sexy growth story, no retail interest.

Genm has what ptrans is lacking.
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not concern with retail interest, but why obscure and not sexy?

genm has what? ptrans is lacking what?
icemanfx
post Dec 31 2020, 10:12 AM

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QUOTE(New Klang @ Dec 31 2020, 10:10 AM)
Drop like stone
*
Long term economic equilibrium always prevail.

broken clock strike again! rclxs0.gif

SUSNew Klang
post Dec 31 2020, 10:14 AM

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Price up from bottom

Someone averaging down

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