Mr Bean. I sympathized your losses. Obviously, you are a retiree. I believe, when this bull market ends, many people would have lost a fortune. Just remember, high risk, high gain. Low risk, low gain. No such thing as low risk, high gain. Bursa Malaysia retail participation has been declining since year 2000. Not since the 90s, there are such retail interests and so many newbie in the market. If you read the star today, you would read many red flags Eg. MOU annoucement by many listed companies. I understand that TopGlove Datuk Lim would be sharing about his insight into glove demand. While i don't know the future prospect of gloves, i am sure he does, he highlighted an important point. Why buy a new entrant to glove industry if you can buy established glove companies? Top Gloves has a market share of 25% in the world. Well, it's because you are greedy. You want 2000% return. So, most important, do we learn from our mistakes in life? No mattter how much you lose, it's not the end of the world. I myself was badly burnt, i hope i had paid my fees and learnt my lesson. I hope you do too
o. Btw, i am here because i day traded INIX on friday. I in & out twice, both time 40k shares. Yes, i do speculate too but with less than 5% of my funds in Bursa
For blue chips like top glove or pbb or tenaga....u can die die hold because eventually it will bounce back and u just lose the opportunity cost to otherr investment. For this kind of penny stock? U should know my answer. Must save your capital even though it's left 50% than losing 90%. I also bought 500k units 0.80 but cut all at 0.76 when i saw things not right be it fundamentally and technically. For those who day trade, better take your money to genting and the odds will be better.
Need to digest GDP of 17.1 % biggest ever contraction and worst ever contraction exceeded 1988. Next week likely market is range bound with the bskl hovering in between 1550 - 1600 until further improvement . Tech stock , health care , and finance stocks will be actively traded in the near term.
Rocket99999 - new account with only 6 comments in total and now giving this kind of false hope it will go up? Do u believe in karma? Btw, I'm not cursing it to go down because that will hurt a lot of people, I sincerely hope it will go beyond RM1.0 so everyone make money.
aiyoyoyo i read mrbean so pity laa..why u not study 1st.company like this just bottom fish keep few months or years upthen throw. just learn the lessons
They wil.not let it drop further they got too much to.lose..wt the holding at hand....the more retailers sell they better off collecting at vr low price...For them game is not over yet...lets watch n see what happen next
That's one reason I'm still holding some faith n maybe looking to ave down after being trapped at 84. It's the big names behind wanting to put on a good show n not leave in disgrace.
Maybank IB Research said a 10 percentage point increase in the corporate tax rate (i.e. to 34%) applied to the three glove stocks under coverage (Top Glove, Hartalega and Kossan) would raise an average of RM1bil per annum for the government over the three years of 2020-2022.
“Given these three stocks are 70% of the domestic gloves sector capacity, extrapolating to the whole sector would increase average tax revenue take for the government from the windfall levy to RM1.4bil per annum (peaking in 2021 at c.RM2.2bil), ” it said.
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....
mrknowled
341 posts
Posted by mrknowled > 2020-08-16 18:36 | Report Abuse
Without fundamental you guys can buy in? So brave