@TylerTan yes! precisely. As long as you hold it is paper loss...but if you sell it is permanent loss. Always put a stop loss to all your shares so that you know the amount you can afford to lose to cut loss fast. You can always buy back later. But if you don't cut fast enough, and when it keeps dropping you cannot afford to sell because the loss is too much that you cannot afford to lose. Currently I bet the stock market is coming to a consolidation phase and it is risky to buy unless we see a sudden change of trend...meaning if oil suddenly jump up, or IT stocks goes up suddenly due to GST etc.
Next theme play...GST and IT...so just hold your horse. The volume is lesser and lesser and the price is moving upwards slowly. Systech is finding its base. Lets Systech expand to Europe, Asia, US and China. It will expand and expand like Alibaba...across the borders. Hopefully next quarter we get some dividends declared and another jump above 40 sen....stay tuned.
@tyler Tan I suggest putting your money on Systech. I bet it will be the next IFCAMSC in the making soon. Business is growing rapidly and their growth is across global borders..not just in Malaysia. Expect new business in US and Europe. Next QR and dividends if any will determine Systech breaking the 40 sen mark.
Systech will start to explode soon....the 31 sen is near the base when it rebounded sharply last time... the sharks are aware they will need to press the rocket launching buttons soon....I got a feeling rotational play is coming back to IT stocks like Systech....just monitor closely.
@ghost2014 Good morning bro. You must be laughing to the bank with your Wanton mee...hahahha ( Wintoni ) Really go as you predicted to 26 sen level. Way to go. Now everyone is waiting for your tips. Quite accurate lah.
@Atuk k Relax... Priva went to a high of 24.5 sen and drop to 19.5 sen...so now it is just a technical rebound. The most can go up maybe 22 sen because the QR report was amended to a lower profit. So many investors were not happy so they sold it off feeling frustrated.
Richkid, 22 sen will do for me, if it reaches that price I will sell with profit, god's willing. As for systech I will hold as long as it did not go down below 30 sen.
Once again Systech challenged the 0.33 resistance today. The road block is at 0.325-0.33. It's good if can close above 0.33 today then we can look for 0.35
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richkid
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Posted by richkid > 2015-03-05 15:50 | Report Abuse
@TylerTan yes! precisely. As long as you hold it is paper loss...but if you sell it is permanent loss. Always put a stop loss to all your shares so that you know the amount you can afford to lose to cut loss fast. You can always buy back later. But if you don't cut fast enough, and when it keeps dropping you cannot afford to sell because the loss is too much that you cannot afford to lose.
Currently I bet the stock market is coming to a consolidation phase and it is risky to buy unless we see a sudden change of trend...meaning if oil suddenly jump up, or IT stocks goes up suddenly due to GST etc.