@ashmira, thanks for your insight. im a newbie here so panic is real. guess there's no choice but to wait and see how it goes. Hoping that it'll do good
Actually i'm more prefer go uptrend like fpgroup, slowly and stable. >_<. So easily can build support level. If go up fast. My support become further away. Example open sys. support is 0.455. If break that 0.455 i will definitely take my profit first. But how much profit i will lose from 0.565 to 0.455. If i take now i can walk away with 57.33% profits. if 0.455 is 26% profit. I will see the situations these 2 days.
When price goes up i will set a new ATR Trailing Stop. So my new ATR Trailing Stop is 0.52. If reach 0.52. Might be will sell half first. bought back this half if goes near 0.455.
Hi ashmira, just curious, we should not be bothered with share price movement if you have faith in the company growth and business if we understood the company and business well enough. Why don't we focus on the fiscal growth of 4 streams of their business:
- CRM deployment in the major banks(already 3900units, how much more they can sell to major banks in the next 2-3 years) - Mobile kiosk in LRT/MRTs, those machines are already commonly found and installed by other company or its competitors(how Opensys can outstand those products compared to competitor markets) - Again, buySolar, BOTF and SmartCIT are those yet to be materialized except buysolar. As guided by Rakuten, these software will contribute 30% earning over 3-5 years. Based on 11m earning(2019AR), 3.3m earning over 5 years and is it sound figure that Opensys can achieve so far or still in doubt.
Another notable point, Rakuten had advised that there will be record earning for FY20/21, why there is no intention for Opensys to apply for main board transfer, to attract more fund manager's appetite, perhaps yet another milestone to achieve.
@M3T0123 agree with you. We should not bother with price movement much actually. I do believe with this company and hold it till now. But definitely we always want to optimize our profits. :P. Buy low sell high. and secure some profit first if possible. That what i do every morning, set stop lost stock that i purchased. and go to work. Lesson learn during market crash last time. >_<.
Hi Ashmira, understood rule 101 of investing is to earn money. However, the reason that i would like to find out more on this digitized company on their 4 streams of business and how do that streams of business could contribute for the years to come or any red flags fundamentally. It will always be best company to have transparent on guidelines or shed some light on their management goals i.e. to achieve 1B goal in coming years and we will verify them on each quarter to see if they can deliver as such and if yes, this is management or company we are looking to long with. Honest speaking, i am struggling to find more info on this company business for me to understand more and yet i am still learning. That's why looking forward to AGM to listen on how management guided the years to come. Thanks, ashmira.
some sofisticated investor can see stop loss price and manipulate market by triggering all stops and push it back up so they end up taking your shares and you losing money........quite rare but they know your stop loss price
@ashmira @M3T0123 set stop lost stock that i purchased. and go to work. Lesson learn during market crash last time. >_<. 11/06/2020 10:34 AM
@BullRun_93. I know. Crossfinger. Peoples will TA skills wiill know when see the charts where is the stop loss. >_< haha. But yeah i still hold another half if trigger. >_<.
i already sell half at 0.545. Market now almost reach 1600++. Very hard to decice as Its correction time. I'll wait 0.465 to re-enter another half or wait end of tomorrow.
Steady counter. This stock is for holding. Very undervalue compared to Revenue & GHL if it enters into merchant acquiring biz. Waiting for its E-Payment kiosk!
I hold this stock since 6 may...the article is very good but not interesting to read.. Too much banking info & knowledge.. Hard to understand.. So it will attract only potential investor instead kangaroo trader.
With the conservative calculation of intrinsic value from Choivo Capital, adjusted TPs are: for CRM alone - TP 0.70 (same as Rakuten) BOTF, SmartCIT & White Label Kiosks - TP 0.90 buySolar - TP > 1.00 (no more penny stock!!!) OpenSys' share price is trending upward!!!
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....
isaachans
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Posted by isaachans > 2020-06-10 14:12 | Report Abuse
@ashmira, thanks for your insight. im a newbie here so panic is real. guess there's no choice but to wait and see how it goes. Hoping that it'll do good