Tomorrow will be a super opening gap up again, most likely breaking RM2. The herds will bulldozed after today's strong limit up. Jovin has been 101% spot on and i believe his prediction of RM3 by mid Dec is a given.
My mentor taught me an invaluable lesson that I only fully understood this year during MCO and I wished I had learned it earlier on.
I have no shame in sharing this personal experience with everybody because it is the truth: I did not earn any money from stock market during MCO due to the unprecedented Covid-19 pandemic.
I, as an investor, stood on the sideline while everybody enjoyed the tremendous gains from Personal Protection Equipment (PPE) related counters.
I on the other hand, was paralysed from over studying and analysis.
My mentor schooled me hard: he says in life, it is all about making good decisions based on common sense, not how good my analyses are.
If I can make good decisions based on common sense, guided by good analysis, I will not go wrong in life, and with some luck, I might even be great.
However, if I have uncommon common sense, I will be classified as a GENIUS.
I did not have common sense during the MCO simply because I didn’t have the gut.
My analyses guided by TRADITIONAL parameters paralysed me, due to the common reasons such as uncertainty, high valuation, extremely unfavourable macroeconomics and many many other factors when in fact I should have been buying at any opportunity I can get.
I VOWED I will not let myself and my mentor down ever again. The time has changed, and so must my analysis. I MUST NOT be guided by such traditional mentality anymore.
I now guide my investment decision based on Kelly Formula. In the simplest words, it means sizing your bet according to the chances of winning.
Vivocom, is the one and only stock I hold because of one simple reason: enormous demand vs scarce and limited supply.
This of it this way: because of the pandemic, the average selling price for gloves shot through the roof because of extreme demand.
Now, apply the same logic to Vivocom.
Due to Vivocom’s boss’s self-imposed moratorium, this effectively reduced the shares actively traded in the market drastically.
This also lent a lot of confidence to the market participants knowing that the share price will be stable.
With this alone, I know that Vivocom will be a winner.
Today’s trade proofed just that.
Vivocom’s share price increased to limit-up price to close at RM1.95, up 30%, the maximum limit allowed per day.
The trade velocity of Vivocom increased slightly in the afternoon session to 56.25M shares traded from 54.40M shares in the morning.
The buy rate in the afternoon was at 61.3% compared to morning 57.6%. Overall, today’s buy rate was 59.4% for the 110.64M shares traded.
A total of 15,157 trades were done today and it was the highest number of trades done in history.
This tells me that despite the 1,300% rise in price from its all-time low of RM0.15, traders are EXTREMELY interested in this counter.
So long as the largest shareholder doesn’t sell, and since he has a moratorium period of 3 years, I can CONFIDENTLY say that euphoria surrounding Vivocom WILL sustain.
I sincerely, from the bottom of my heart, BELIEVE that this is only just the beginning.
@seejovin. thank you for the extensive elaboration. Indeed it is very well said and i agree with your point of view, especially in regards to the SCARCITY and LIMITED SUPPLY of shares available in the market, which was made good by Vivocom's boss SIM (Self Imposed Moratorium). As you said "This itself is a WINNER".
Seejovin. Thks for your generous sharing of the much valuable end of day report and TA.May you be well, happy prosperous and blessed always. Keep it up.
Yes, finally limit up today, what a awesome target !!! Thanks bosses, Vivocom & Dato's Seri Chia's giving (with tears down) during this difficult covid-19 time, this a great deal & has done a lot of redemptions.......go go Vivocom up up up !!!! ......hehehe........................
Before you read on, pls read my previous 3 comments for the past 2 weeks. Vivocom will be the darling stock for 2021. No need for any vaccine, glove, sand, ... the key is what is yet to be revealed. This has more going for it than 10 stocks put together. See you at 2.50 within days.
Bursa advises investors to exercise caution in trading Gets Global shares KUALA LUMPUR (Nov 16): Bursa Malaysia has advised investors to exercise caution in the trading of Gets Global Bhd shares, which have been skyrocketing to RM3.97 from barely nine sen at end-July. The regulator said it had issued an unusual market activity query to Gets Global Bhd on Oct 20 and Nov 12, and the group responded by saying it was not aware of the reason behind the counter’s rally. Hence, Bursa would like to advise investors to exercise caution and to make informed decisions in trading Gets Global shares. “Bursa Malaysia Securities will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Gets Global shares”, the exchange stressed in the announcement.
Meanwhile, RHB Investment Bank Bhd has required investors to have collaterals, either in cash or shares, in their trading accounts, in order to execute purchase orders for Gets Global shares starting today (Nov 16). It is understood that the investment bank requires its clients to have cash on the basis of 1:2 and/or share collateral on the basis of 1:1 in their trading accounts for all purchase orders for shares in bus operator GETS Global and construction firm Vivocom, both of whose share prices had rocketed. Gets Global's shares price has been on a steep upward trend since early August, when it was traded at around 10 sen. Since then, the company had been slapped with unusual market activity (UMA) queries by Bursa three times on Aug 26, Oct 20 and Nov 12.
@ronaldong Yes indeed. i see someone is trying to spoil our peace and harmony in here. this forum is full of positivity, not like healthcare back in months ago, full of negativity in hoping to buy at low :)
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....
Beast3
623 posts
Posted by Beast3 > 2020-11-16 16:54 | Report Abuse
Nice. Will continue uptrend.
Nice TA