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!
Most investors are driven by emotion. That would explain why KNM fell so low.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!
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.
This post has been edited by DanielW: Nov 19 2009, 10:30 PM
Nov 19 2009, 10:25 PM

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