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2023-09-25 08:31 | Report Abuse
StingRay
Okay. I received a few messages and email asking me why I don't like Jaks. And what is my comment on Jaks. Initially I was too lazy to say much since this Jaks has created such a big ruckus in the forum. Anyway, since there are quite a number of people that have messaged me, I will just jot down what I think.
First and foremost, there is no love hate relation with me and Jaks. Any counter that is listed on the stock exchange will have their ups and down days. However, I am just merely adopting to my principle which I have shared before. That is "Think logically act mechanically" when investing, trading or even gambling in the share market.
The logical part are... if the share is so good, then why are there so many people got caught at a high price? Obviously, some will say they see the value in it. But what is value when you can't realise it? That is what I told Calvin before. What is the use of bragging about owning a porsche when you don't have the key to use it? Isn't that the reason why they were caught at a higher price?
The company has been issuing PP so often. Diluting the share value. Their NTA record a value of RM0.66. Then why would they then issue their share for PP purpose at RM0.18? Give you an example... you want to buy a car. The seller brag that the car worth is RM66k but willing to sell you at RM18k. Then the seller would tell you that this is for future mileage that you could earn/use. Just like Jaks telling you their projected or potential business they could make. Would it be logical for the seller to sell at such a low price? But they still proceed but the buyer ain't you. So, how does that make you feel as a shareholder? Pretty silly, ain't it?
Secondly, to play up this counter, they will need a shark with big funds. Why? Because their NOSH is pretty high. And many were caught and still holding at a higher price. Some manage to average down... that is for sure. Do you think the sharks are father Christmas helping you out of your misery? They don't have a family to feed?
There are in fact a few more factors that I look into before committing to it but since it failed the above, there is no use to drill down further. No doubt, any public listed company share price will fluctuate. It is all demand and supply. For me, there are plenty other counters that I could make money from... without having to sacrifice my sleep and family time.
Therefore, logically for me it is a no go and mechanically I will not buy. However, I sincerely do hope that the price would go up so that those caught high could escape and those bought low can make money. I have nothing against that. But I despise the way it was promoted and method used in how it was promoted. Get it? Hope that will clear my position in this Jaks. Have fun and hope everyone make money from the market. Cheers.
23 hours ago
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Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2023-09-25 17:18 |
Post removed.Why?