Years ago I bought KPS at 42 cts to 50 cts. Then I sold off KPS when price doubled & tripled to 80 cts & RM1.20.
After having Sold Off All KPS At RM1.20, a man called Mr. Ong came and joined us at OSK Iskandar. I asked him, "What shares are you buying?". "I just bought KPS at RM1.20", was his reply. We were rather amused.
Then KPS price surged upward to RM2.20 & Mr. Ong Sold Off For A RM1.00 gain. To our surprise after Mr. Ong Sold Off at A New High of RM2.20 - KPS Price Still Powered On To Touch RM3.00.
Wow! KPS AT RM3.00? Now The Market Is On Fire Over KPS. Almost every Remisier, Investor & Punter is Going GaGa Over KPS. They were chanting KPS! KPS! KPS!
They told us & Mr. Ong to join in the frenzy to buy KPS at RM3.00. But we dare not follow them. To our surprice KPS surged another 90 cts to cross RM3.90 (Almost touching the price of RM4.00). Then KPS Collapsed to Around RM1.50 by now.
We bought KPS at 50 cts to 42 cts because KPS has RM2.00 NTA then.
As Investors we buy because KPS was selling below Intrinsic Value. And then we will sell when it is above Intrinsic Value.
Above Intrinsic Value A Stock has entered Over valuation. It might then move into Greater Fool Territory & THUS TURN INTO A BUBBLE. This Is The Most Exciting Time For Punters. Some gain but usually when it burst it collapse suddenly in Limit Down!
So at what stage is ASB? Will it still move up? Or it hovers around here or retrace? Make your own decision & trade wisely
OTHERS ADVANCE SYNERGY BERHAD (“ASB”) Striking off inactive wholly-owned subsidiary of ASB [held via Advance Synergy Capital Sdn Bhd (“ASCAP”)]
ADVANCE SYNERGY BERHAD
Type Announcement Subject OTHERS Description ADVANCE SYNERGY BERHAD (“ASB”) Striking off inactive wholly-owned subsidiary of ASB [held via Advance Synergy Capital Sdn Bhd (“ASCAP”)]
Further to our announcement on 26 December 2012, the Board of Directors of ASB wishes to announce that Triton Engineering Sdn Bhd, an inactive subsidiary incorporated on 10 October 2001, had on 29 May 2014 received the notice of striking-off from the register of the Registrar of Companies pursuant to Section 308(4) of the Companies Act, 1965.
The aforesaid striking-off is not expected to have any material impact on the earnings per share and net assets per share of ASB Group for the financial year ending 31 December 2014.
None of the directors, major shareholders and/or persons connected with the directors and major shareholders of ASB has any interest, direct or indirect, in the aforesaid striking off.
calvin : We bought KPS at 50 cts to 42 cts because KPS has RM2.00 NTA then.
As Investors we buy because KPS was selling below Intrinsic Value. And then we will sell when it is above Intrinsic Value. What is the intrinsic value of ASB ?
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....
JaneyJane
25 posts
Posted by JaneyJane > 2014-05-28 12:22 | Report Abuse
I regret i didnt enter when it was 0.17!!!! >.<
Any chance it would drop, or it's not too late to enter now?