My Trading Adventure

Stock Watch : Sapnrg

CP TEH
Publish date: Tue, 13 Mar 2018, 08:13 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.


Sapnrg : In the beginning of 2018, it jumped from 70cents to RM1 and peaked there on the 9th Jan.

Now ... trading below 50cents, it has lost another 50% of its market-cap. This 'giant' is a falling and failing 'giant'. EPF has been an aggressive sellers ... just like what they done with KNM some years ago.

Yesterday's low : 45 cents.

So ... as we are not going to see the bottom of this crashing giant just yet, it is the best to avoid buying. No reason to buy, anyway ... unless for a day-trader. It is difficult to profit from such a downtrend and wont worth the risk. AVOID.

If we could short-it, that will be a better strategy.

Note : I do know many stuck up there, but to average down is suicidal. Sorry for those not cutting their losses, yet.

TEH



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Discussions
1 person likes this. Showing 2 of 2 comments

SuperBest

today closing 41sen. So can buy below 40sen?

2018-03-14 18:01

CharlesT

today up 20%+..

2018-03-15 17:12

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