What you said might be true for export companies(bec USD started to plunge from 4.5) but the same cannot be said for penny stocks because there is still GE 14 that may come later this yr.
Q1 export data is solid. U want to sell export before q1 reports are out? What makes u think rm will strengthen? Foreigners might have poured in a lot if money into bursa, but do u know they have been selling Malaysia bonds like there's no tomorrow?
currency is probably neither a positive or negative factor.
B Graham and Value investors very popular around here , isn't it.?
I suppose we can all put the financial information in a spread sheet, apply a magic formula, and puff, out comes the answer...............and wait, and wait and wait for the magic formula to work its magic.
But B Graham died a long time ago, even before there is the internet.
Nobody dreams of using a horse carriage travelling to work, but people don't mind being suckered...if it is about a possibility for some money.
On stock picking, if I am to recommend one guru, one tip, it would have to be William O Neal and his CANSLIM....go google it your self
On the objective of all good strategies........don't get killed if wrong, makes a killing when right. If you can do that, you can be rich as KYY.
All chemical reactions need a catalyst. Have you got a catalyst? How strong is the catalyst? Is it reliable, dependable? Got a sponsor/ sponsors?
I will end this with 3 quotes from him..................
Quotes
"Since the market tends to go in the opposite direction of what the majority of people think, I would say 95% of all these people you hear on TV shows are giving you their personal opinion. And personal opinions are almost always worthless … facts and markets are far more reliable."
"The whole secret to winning and losing in the stock market is to lose the least amount possible when you're not right."
"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower."
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower." THATS IS PROVIDED U ACT BLINDLY WITHOUT VALUING UR STOCK PROPERLY & DETERMINING THE MARGIN OF SAFETY LOH...!!
Lets think of it, if this time foreign fund purposely make hot Malaysia local market to attract locals chase high. Suddenly dump all, all speculators die die die . HuhU . Tengok wayang wayang.
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower."
this is a statistical fact. what to do with this fact is always...the risk reward of the market.
============================
What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower." THATS IS PROVIDED U ACT BLINDLY WITHOUT VALUING UR STOCK PROPERLY & DETERMINING THE MARGIN OF SAFETY LOH...!!." THATS IS PROVIDED U ACT BLINDLY WITHOUT VALUING UR STOCK PROPERLY & DETERMINING THE MARGIN OF SAFETY LOH...!!
It's been a long time Malaysia used to be an export oriented industry. These export business do not intend to rely on favorable currencies to earn money, period. The fact is Malaysia has only roughly 30million population, the world is still too big. Why constrain yourself from finding more opportunities?
In d 60s, 70's, 80's everyone buy through phone to his/her remisiers. Now, people use smart phone, ipad, iphone at at office, supermarkets,at seaside resort, on holidays oversea, etc. That's why trading hits 4 to 5 billions on some days. Also, participation is widespread, young executives, etc. No more uncle & auntie only. Situation v different la.
INARI was a penny stock. just 32cent. and Market cap is just 160mil. but now multi bil company. you have to look at fundamental of the company. that was happened to me when i bought Inari at 32cent.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
donfollowblindly
255 posts
Posted by donfollowblindly > 2017-04-14 03:41 | Report Abuse
Why you said only 3 ctrs? How abt Dataprep, Systech, MUI, IW City, etc?