How about 2.50?

Analysts are quick to change their tone one, otherwise will get fired. Haha, just joking, no offence.

TP doesn't mean anything actually, it is the company fundamental aka profit that matter the most. Since I familiar with stock market, I don't bother how analysts said about TP this, TP that. What I concentrate is the company able to generate profit for me, that's all and simple. Just my preference, not necessary correct.

I had stated Resorts is not cheap at 3.50 level even based on PER alone. I don't know how they value it at 5.50 as it would imply 20x + PE which historically proven PER more than 20x is not sustainable unless profit level catch up quickly.

Having said that, it might be oppportunity in near term as market is entering bearish state, so market might overshoot on downside as well. Remember the half tank theory?

This post has been edited by cherroy: Jun 21 2008, 09:51 AM

If making money in stock market is as easy as buy today, sell next week, then everyone doesn't need to work anymore. Haha. Just joking.

Having said that, it is quite easy to make money in stock market also, buy strong fundamental stock, keep it and forget about the share price, just monitor company financial health. (You need company financial health to stay intact as a reason to keep the share)
While meantimes, take annual dividend similar to FD give you interest. Then after 5-10 years, only look at the share price, then high probably you will be making money.

This post has been edited by cherroy: Jun 21 2008, 10:36 PM

Stock market is a patient game also.

You need discipline and cool head in stock market.

Not like tomorrow market down 50 points then panic liao and see the end of the world like that. People tend to behave like that. When bullish time, see the sky as limit, bearish time, see no bottom.
Share price is fluctuating everyday but company valuation or provide the return rate to you (in term of dividend of profit) doesn't.

So, people have 2 choice, you buy the share price (you buy the share price only if mean for goreng) or buy the company (you buy the company if meant for long term holding) to get a slice of profit made.
If one buy the share price, then for sure will worry everyday because share price everday is fluctuating, right?

So it is important those money invested in stock market won't be used at all for at least 5 years and above.

This post has been edited by cherroy: Jun 22 2008, 10:04 PM

That's why stock market is having the risk, no one will say stock market will definitely make money, just we said invest in strong fundamental stock over the long term, the probability of gaining is higher.

Anything investment except FD is having their risk, no sure gain.

Wah, really kedekut. Complimentary parking also cannot give.
Resorts can easily pay for it mah to encourage people attend the AGM, only once a year only. I don't think many shareholders attend also, may be few hundreds only, so few hundreds x Rm8, Resorts had no problem of paying it nor others absence shareholders will object also to spend those kind of money.

Shareas,
How many roughly people there?

Thanks for you information then.

Sincere management doesn't afraid shareholders to ask question. Any decision made by company which is looking after the company and shareholders' interest, nobody will reject it one.

By right, listed company wish their shareholders to attend to have better understanding about the company. Not the other way round. Only those poorly managed company doesn't wish their shareholders to come to attend, to question why company making losses etc.

Market also quiet mah.

No news is good news currrently, want some big news? like vote of no confidence? or US banks face major writedown or crude oil shot to 140?

No lah, patiently waiting.

52 weeks low mean nothing because of previous 2 years of bull run which make a lot of stock price go quite high. So 52 weeks low just compared to higher benchmark of level only, and meaningless especially bear market sometimes can last 2-3 years time.
Just like I had mentioned long time ago, the 'cheap' mis-conception. 52 weeks low falls into this kind of category.

Airasia is all time low, you can say it is 520 week low also. (Airasia doesn't have 520 week either) , even Astro, Proton. They are really cheap? (may be except Airasia, but if oil price stay at elevated level, Airasia might not cheap also)

Just like some other forumers pointed out, if Airasia Par value is RM1 instead of RM0.10, then current price is RM8.60.
But people now say Airasia at Rm0.86 is dirt cheap, but if it is Rm8.60, I don't think many will say it cheap already. This is a general mis-conception, as both are ay the same valuation for the company and market capitilisation.

US independance day on July 4 mah.

Futures on paper looks easy, but when you start you own trade, then it might not as easy as one taught, involves some strategy, discipline issue. You need some discipline to cut loss sometimes, otherwise bring you to Holland, also don't know yet.

On paper looks easy 1 point = Rm50. Commission charge Rm25 per transaction, so Rm50 aka 1 point already breakeven. The hardest although look simple is which way do you trade? Just like FKLI now is 1172 for July, buy or sell? Current KLCI is 1190. This whether buy or sell is the hardest decision to make compared to buying stock.

I feel comfortable to trade stock whenever time, but for futures I won't simply move in without any clear indication or direction. I always will monitor 30 stocks across the heavyweight KLCI component stocks (I set one favourite page pruposely for 30 major stocks in order to trade FKLI one), how those stocks move and trade accordingly which eventually affect the KLCI movement.
But sometimes, FKLI reluctantly to move according to the cash market (KLCI), by no mean KLCI up 5 points, FKLI must also up, it depends on the premium/discount of FKLI compared to cash market, and also market near future outlook. Just like recent bearish mood, FKLI tends to trade at least 10 points and above discount.

Although commission looks minimal compared to normal stock, it is not the covering the commission issue, but catch the right direction of market move at short period of time, which is very hard to do sometimes, although it is 50:50 like bet big or small only.

Out of my trade previously 70% is on short side.

Just some of my experience.

This post has been edited by cherroy: Jun 27 2008, 10:09 PM

No, it is not ok to love your stock that you hold. As once you fall in love with your stock, one can be bias on evaluating the stock already and reluctant to sell even price is high. Stocks and investment product is just a place for your money to generate more money. Once it fails to deliver and deteoriate then it is deem no good already. Some stocks are worth for long term because it consistently generate return rate to you, so you hold it long term like 10 years or 20 years, doesn't mean you love or must love it. Things and environment can change. Just like GM, once a taikor in auto business in US, with price tag once more than USD 50, now only in teen number only, after holding for 10-20 years.

Eg. Pbbank past record generating return rate is good, so you like to hold the stocks, but if in the future company fails to deliver the return rate as previously or no return rate then there is no point to hold it unless it is just a temporary effect or special exceptional event occuring.

So evaluate stocks and situation disregard whether you have substantial amount of investment in it, will lead to a better decision making.
If it is a mistake, then admit it is a mistake, nothing wrong with it. There is no one can make sure 10 out of 10 or every their investment or decision making will surely making money one or success one. Admit mistake then move on and learn lesson of it which only will lead to a better future investment decision.

Just my 2 cents.

Most peopel adopt wait and see attitude now, especially with recent political news, how it will impact local political front. Kopitiam must be full pack of people talking about it.

A history (1998) episode reshowing? just hope stock market doesn't repeat the fate of 1998.

Time for V14, anyone wants to start a V14?