My sharing of a trade plan is merely personal. It is not a buy or sell recommendation for you as my circumstances(investment objective, strategy and holding power, etc) may be different from yours. Do your own due diligence before making any investment decisions.
At a time like this, holding power is of utmost importance.
Covid-19 make economy slow down company fundamental will metamorphism and company with high debt will face collapse or bankruptcy soon.Expect local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold. market stock RM10 drop to RM5, RM5.00 drop to RM 2.00 , followed RM2.00 drop RM1.00, followed RM1.00 drop to 50 cent, followed 50 cent drop to 20cent ,followed 20 cent drop to 10cent ,followed 10 cent drop to bottom. High debt company cannot hold ,high prices stock cannot hold , MARKET NEVER SLEEP MONEY NEVER SLEEP just BUY BOTTOM LOW PRICES WITH CASH COMPANY . This is a OPPORTUNITY markets SMART MONEY no longer will FLOWS in cheapers stocks market will GORENG lows price stock at BOTTOM.
Dow futures do provide some support to the regional markets. Most of Malaysian counters are also recovering from the day's low, in fact, trading near the day's high and quite a number of them have turned positive too
Market is still volatile. We must preserve enough cash for any need to do a top-up. Do our sum right to space out our purchases systematically.
Now, my average holding cost is 21.5 sen. I have the flexibility to sell for a profit should the price exceed my cost. Or I can top up more to bring down my holding cost if the operator chooses to press down the price again.
Mkt is still volatile. I will wait for my next buy trigger point at 15 sen or lower. Meanwhile, I just sit back and relax...to watch the blockbuster movie directed by the market operator..
This is not a mkt for contra play. Do not play play...mkt operator can easily influence the prices as buyers are fewer already, all too scared of a falling knife, unlike me.
My 1st lot-25 sen, 2nd lot-18 sen. 3rd lot-between 12 to 15 sen(hopefully, 12 sen, 7 sen difference). Yes, pls bring it down some more, Mr Mkt Operator!
Why nightmare? Good dream, in fact, knowing jolly well that the mkt operator is working very hard to fulfil our target price, without us lifting a finger.
US mkts had a strong rebound yesterday on hopes of reaching a massive stimulus package to offset the devastating impact of the virus outbreak in the US. Bursa mkt should get a lift from it at least in the morning today.
This is still a news-driven market. Nobody can be 100% sure when the market will bottom out, given that the virus situation is still not under control yet. We must follow the global news to stay informed.
I have my own trade plan and my holding cost is on the low side. So, I will stick to my plan to buy or sell.
For the others, pls relook at your own situation to recalibrate what is best for you, given the uncertainty of the market and your holding power.
This is just an overdue technical rebound for this counter on some positive leads. Got to see how much the market operator has collected in the past and if it is worthwhile to push higher, given the market condition now..
So, we need to monitor closely now.. -------------------------------------------------------------------------- tressele Nice. I am waiting at 25c
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....
John1234
2,020 posts
Posted by John1234 > 2020-03-17 08:08 | Report Abuse
My sharing of a trade plan is merely personal. It is not a buy or sell recommendation for you as my circumstances(investment objective, strategy and holding power, etc) may be different from yours. Do your own due diligence before making any investment decisions.
At a time like this, holding power is of utmost importance.
https://www.theedgemarkets.com/article/bursa-malaysia-will-operate-usual-during-movement-restriction-order-period