Go for a holiday. his is about the whole market is taking a trip down south. If you are not contra, maybe you can hold. But if you are playing contra, no need to gamble, just exit and come back later. The whole place is red in color. Buy anything also drop. Not sure if it is fund manager going summer vacation or Malaysia political 1MDB issue, or ringgit down...or goreng time game over ...something is telling me to take a rest. Cash is still king now.
@tylertan Normally if I not mistaken all these selling also due to long holidays or some profit taking by huge mutual funds or fund managers...this is broad based. So not ikan bilis selling. When that happen, no matter how good is the stock also come down. We ikan bilis should follow the wave....just ikut lah...they sell we sell...they buy we buy. If you hold no problem, but later can get cheaper you no more bullets but never mind it is your own strategy.
if tomorrow drop to 0.19 and can hold or rebound then that will be good... else, if continue to drop below 0.185, it may drop drop to 0.175-0.165
Unless quarter report is super good, worst case scenario drop to 0.125 (high @ 0.25 minus 50%[based on last december drop]) before rebound like last December when whole market into correction/consolidation/vacationmode
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It's now an waiting game here everyone either in or out , is possible with downtrend for this two day , everyone is holding the pants . Hopefully tomorrow morning will be stable , afternoon shall up a bit or more , just suggestion and my opinion . No harm done to all the taiko .
I went into PUC at 0.165 after NOVA to keep at least until the end of May. Bought too soon and never expected the red sea zzzz. Could have got better discount if I waited 2 days later XD
hello kawan, novamsc only got around 493 million shares, i am just sharing, didn't say the stock will not rebound. i am also waiting it to rebound to go in again , i sold mine last week at 0.245
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damiantreez
782 posts
Posted by damiantreez > 2015-04-28 11:41 | Report Abuse
chance to buy low before quarter report is announced