Expected those contra players will grab profit now, that is also meaning 2nd round will come soon. It is right time to buy at low, follow the cycle. It just a 2 cents opinion.
Heng88, i'll take a bit more risk. In my case, i should sell at 0.68 to break even but no regret. I still believe it is a cycle, let's wash out those contra fellows. Look at overall market, like sumatec, marco also down trend. i see as a same picture.
Just to share my opinion. Any input will be much appreciated.
Major coorection for penny stks...Ideal also consider penny stk...soooooo unfortunate.If not, today will be green...All penny stks(99 pct) show red.....too bad......Question now is, how long will it last ?
My reminser warn me yesterday, it came up in yesterdays paper .An article abt penny stks....Index up 6 pts man ! I hv many penny stks.....99 pct red ! All winnings gone in 1 day ! Real shit !
A relative called me two days ago, suggesting that I should consider buying "Ideal" as there would be takeover of Ijacob. I browsed the BSKL website and noted that Ideal's EPS was about 2 sen. With the share price then at 75 sen, the PE ratio was more than 30 times. No dividend yield was declared for the last few years. Worst still, I was informed the key person involved in the takeover was somebody who was imprisoned in the past due to some wrong doings. Fundamentally, there is no good reason to buy this stock, as it will take more than 20 year earnings to arrive at the current price of the stock. My advice is: investors should look at the fundamentals of the stock before investing, especially the PE ratio and dividend yield. Do not listen to outside advice. Do your own research, chances are you will make profit.
winterwolf, yes, no head no tail, that's all I was informed by a relative. I looked at the two stocks "Ideal" and "Ijacob" from BSKL website, I would not buy these two stocks because high PE ratios and no dividend yield. Wish you all the best.
hwangte...agree with your high PE thing....dun buy when its too high, but on another note, this two company are undergoing transformation, new owner coming in and old business dumped. Will you be looking to buy or take a gamble if the prospective PE going to be reasonable ?
winterwolf.. I do not invest based on future or prospective PE ratio, as future means uncertainty. I invest in stocks based on current low PE ratios (preferably less than 10) as well as those with good dividend yield (preferably better than FD rates). If one does one own research through Bursa Malaysia website, one can identify fairly good number of these fundamentally strong stocks. I avoid investment based on tips and rumours. My equity investment since 2006 based on fundamentals and rotational play has borne good return for me. My view is: if one does one own research and invests in fundamentally sound stocks, the probability of making good ROI is high. Best wishes to all.
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....
AhSook AhKou
1,296 posts
Posted by AhSook AhKou > 2014-08-20 10:31 | Report Abuse
More Sell down lahhhhh