Every crisis(meltdown) creates an opportunity. This drop is just an opportunity created by the big players to collect cheap and for us to buy low.
Ask yourself...
1. Is the result really that bad to bring about a change of fundamental? Have you lost confidence in the management? 2. Is this a loss making company with no future prospects? 3. Are you playing contra?
If the answers to all the above questions are NO, then stay calm about short term fluctuations. Should the need arise, do $ cost averaging on your holdings every 2 or 3 sens drop, provided of course if you have spare cash with you.
This stock should have greater support at around its 14 sen NTA per share(based on its last quarter's report) level.
Just my personal opinion. Not meant to be a buy or sell call.
Isnt that unrealized foreign exchange loss shouldn't be consider as expenses in profit/loss statement as it is just paper loss instead of realized loss? This item has cause a damage of RM2.4mil to the bottom line. Any accountant can help ?
john1234, I second your opinion. Congrats to those who manage to nab it at 15.5 yesterday. looks like most ACE market also recovering today from yesterday massive sell-down
now its the other way round, big operators creating huge sell queue for impatient people to sell at the buy price while they also accumulate silently at lower price.
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....
Chinkang
68 posts
Posted by Chinkang > 2015-11-25 16:25 | Report Abuse
Sold at 0.155. Cut loss earlier to prevent the further lose.