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 GPacket, plain discussion

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DanielW
post Nov 19 2009, 10:25 PM

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Joined: Apr 2009
QUOTE(wirelessdude @ Nov 18 2009, 07:51 AM)
Funny that nobody was talking about this stock when people like me and Neo were buying at RM0.60+ - I've sold all during the recent run-up btw.

As someone who's been playing this stock a looong time, I'd say be prepared to hold for the long-term. This stock fell off the radar of instituitional funds a long time ago (when it went as high as RM5+) and retail insvestors have other better penny stocks to speculate.

Gpacket is just a favourite goreng stock because it has relatively low liquidity. And you'll have to wait until these same sharks play the stock again.

P/S: forget about fundamentals. Malaysians don't trade on fundamentals, otherwise stocks like KNM would never have fallen to RM0.33!
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Most investors are driven by emotion. That would explain why KNM fell so low.


Added on November 19, 2009, 10:30 pm
QUOTE(CKC (Sense-Maker) @ Nov 17 2009, 09:55 PM)

I buy shares for different reasons for different counters. Ultimately, 3 things are most important: Net asset backing vis-a-vis market price; business model and industry; managment capability.

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IMHO, there are other equally important criterias as well: EPS growth rate, D/E, ROE, DY, P/E etc.

This post has been edited by DanielW: Nov 19 2009, 10:30 PM

 

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