i'm holding this share at price 1.97. Didn't cut or average. When 0.755 not dare to enter as i afraid of bear market. Any sincere sifus here can share if bear market will affect construction a lot? Usually is bank?
Newplayer286 I was in the same situation as you, didn't average at all due to lack of confidence. I have to admit we are losing out quite a bit, so now the price isn't that high yet, worthwhile to average down.
if you have extra money to average down, can do it. If sailing money to average down, I think is not suitable, it no related to bear or bull market, stock always got risk.
newplayer, always buy when retailers are selling. always sell when retailers are buying.be a contrarian. Buy when there is extreme fear. Sell when there is irrational bullishness
Two possibilities right now. Whether this is pure goreng pump and dump style OR there will be good news coming out shortly so they want to collect fast
The uptrend started long ago at 1.00. But there is something fishy with today price movement. All the big boys were chasing high but not making any support. They chased high at 1.15 for 5k lots but during the closing at 1.12 there are 1.2k lots still available at sell queue, why they didnt wanna chase that?? Whats the logic behind that??
@Maynot, they "the big boys" Investors are trying to rally at 1.15 but are overwhelmed by short sellers. It's a tug of war but at the end, the bulls still won with a small margin. I consider that pretty good achievement for a Friday.
KUALA LUMPUR (Jan 18): The government has terminated the engineering, procurement, construction and commissioning (EPCC) contract awarded to China contractor China Communications Construction Co Ltd (CCCC) for the RM81 billion East Coast Rail Link (ECRL) project, a source told theedgemarkets.com today.
CCCC was instructed to stop all construction works and services regarding the ECRL project by Finance Minister Lim Guan Eng on July 3 last year until further notice, pending a review.
The ECRL is among several mega projects being reviewed by the current Pakatan Harapan government, in this case due to the cost of undertaking the ambitious railway link that forms part of China's "One Belt, One Road" initiative.
PETALING JAYA (Jan 18): Outstanding payments to the LRT3 (light rail transit 3) contractors, accumulated since February last year, will be settled by the end of this month, said the project’s main contractor, MRCB-George Kent Sdn Bhd (MRCBGK).
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....
Maynot
822 posts
Posted by Maynot > 2019-01-18 09:03 | Report Abuse
Just same old tactics they used. IB give low tp, then they collect at low, then news came out.